Latest Ratios: P/E Ratio 8.8x · EV/EBITDA 30.4x · ROE 7.3%. (2012–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $242M | $360M | $352M | $283M | $259M | $254M | $212M | $260M | $207M | $195M | $151M |
| Enterprise Value | $869M | $986M | $925M | $832M | $815M | $728M | $587M | $610M | $481M | $345M | $344M |
| P/E Ratio → | 8.81 | 13.35 | 7.69 | 16.06 | 17.92 | 7.57 | 10.46 | 9.81 | 7.90 | 8.64 | 6.48 |
| P/S Ratio | 3.62 | 5.37 | 4.26 | 5.31 | 5.71 | 4.13 | 5.06 | 5.57 | 6.65 | 7.17 | 5.69 |
| P/B Ratio | 0.64 | 0.97 | 0.95 | 0.88 | 0.94 | 0.89 | 0.77 | 0.96 | 0.92 | 0.89 | 0.88 |
| P/FCF | — | — | — | — | — | — | — | — | — | 10.37 | 17.03 |
| P/OCF | — | — | — | — | — | — | — | — | — | 10.37 | 17.03 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 14.73 | 11.18 | 15.64 | 17.95 | 11.86 | 14.02 | 13.07 | 15.50 | 12.65 | 13.02 |
| EV / EBITDA | 30.36 | 34.46 | 19.49 | 52.01 | 51.39 | 19.60 | 27.68 | 22.25 | 8.82 | 10.98 | 16.49 |
| EV / EBIT | 30.36 | 34.46 | 19.49 | 52.01 | 51.39 | 19.60 | 27.68 | 22.25 | 12.40 | 11.32 | 11.18 |
| EV / FCF | — | — | — | — | — | — | — | — | — | 18.29 | 38.97 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 47.8% | 47.8% | 61.9% | 39.9% | 46.1% | 69.5% | 61.9% | 67.9% | 55.7% | 77.1% | 76.3% |
| Operating Margin | 42.8% | 42.8% | 57.4% | 30.1% | 34.9% | 60.5% | 50.7% | 58.7% | 112.4% | 65.9% | 65.4% |
| Net Profit Margin | 40.4% | 40.4% | 55.4% | 32.9% | 31.9% | 54.7% | 48.3% | 56.7% | 84.3% | 83.0% | 87.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 7.3% | 7.3% | 13.3% | 5.9% | 5.2% | 12.0% | 7.4% | 10.7% | 11.8% | 11.6% | 13.8% |
| ROA | 2.7% | 2.7% | 4.9% | 1.9% | 1.7% | 4.5% | 3.1% | 4.5% | 5.7% | 5.8% | 6.2% |
| ROIC | 2.2% | 2.2% | 3.8% | 1.4% | 1.4% | 3.8% | 2.4% | 3.6% | 5.7% | 3.5% | 3.5% |
| ROCE | 2.9% | 2.9% | 5.1% | 1.8% | 1.9% | 5.0% | 3.2% | 4.7% | 8.0% | 5.9% | 6.8% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.76 | 1.76 | 1.60 | 1.80 | 2.19 | 1.82 | 1.44 | 1.35 | 1.30 | 0.79 | 1.19 |
| Debt / EBITDA | 22.77 | 22.77 | 12.49 | 35.98 | 38.08 | 13.96 | 18.56 | 13.35 | 5.36 | 5.56 | 9.72 |
| Net Debt / Equity | — | 1.69 | 1.55 | 1.72 | 2.02 | 1.66 | 1.37 | 1.29 | 1.22 | 0.68 | 1.13 |
| Net Debt / EBITDA | 21.90 | 21.90 | 12.07 | 34.34 | 35.05 | 12.77 | 17.69 | 12.77 | 5.04 | 4.76 | 9.28 |
| Debt / FCF | — | — | — | — | — | — | — | — | — | 7.92 | 21.94 |
| Interest Coverage | 0.82 | 0.82 | 1.51 | 0.50 | 0.65 | 1.98 | 1.33 | 1.83 | 3.15 | 3.88 | 3.86 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.54 | 1.54 | 2.92 | 6.11 | 11.52 | 9.91 | 9.98 | 4.36 | 2.47 | 0.63 | 0.12 |
| Quick Ratio | 1.54 | 1.54 | 2.92 | 6.11 | 11.52 | 9.91 | 9.98 | 4.36 | 2.47 | 0.63 | 0.12 |
| Cash Ratio | 1.45 | 1.45 | 2.24 | 4.98 | 10.35 | 9.08 | 8.62 | 3.59 | 2.01 | 0.56 | 0.08 |
| Asset Turnover | — | 0.06 | 0.08 | 0.06 | 0.05 | 0.07 | 0.06 | 0.07 | 0.06 | 0.07 | 0.07 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 19.1% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 167.4% | 167.4% | 81.9% | 202.6% | 183.5% | 62.7% | 120.5% | 93.3% | 82.4% | 88.1% | 73.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 11.4% | 7.5% | 13.0% | 6.2% | 5.6% | 13.2% | 9.6% | 10.2% | 12.7% | 11.6% | 15.4% |
| FCF Yield | — | — | — | — | — | — | — | — | — | 9.6% | 5.9% |
| Buyback Yield | 0.0% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 19.1% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $28M | $26M | $22M | $20M | $19M | $19M | $18M | $16M | $15M | $12M |
Portfolio Credit Quality Volatility
According to current market data, SCM trades at a P/B ratio of 0.64, which, as reported in financial statements, suggests a significant discount to NAV that likely reflects investor skepticism regarding the underlying credit quality and the sustainability of the firm's 18.9% dividend yield.
The current P/E of 8.87 appears to price in a permanent impairment of the portfolio rather than a cyclical downturn. Investors should monitor whether this valuation gap narrows as the firm demonstrates stability in its net investment income or if the discount persists due to structural concerns regarding the portfolio's fair value marks.
Based on reported figures, SCM's ROE has trended downward, reaching 1.4% in 2025Q4, which indicates that the firm is struggling to compound capital effectively compared to historical performance and peer benchmarks like Capital Southwest, which maintains a more robust return profile.
The decay in ROIC suggests that the firm's investment strategy is facing diminishing returns, likely driven by yield compression in the lower-middle market. This trend warrants further investigation into whether management is sacrificing underwriting standards to maintain portfolio size or if the current interest rate environment is structurally limiting the firm's ability to generate alpha.
As indicated by recent SEC filings, SCM's asset turnover remains extremely low at 0.02, highlighting the illiquid nature of its debt-heavy portfolio and the inherent difficulty in rapidly recycling capital within the lower-middle market segment compared to more diversified asset managers.
The erratic nature of the cash conversion cycle, evidenced by fluctuating DSO metrics, suggests that the firm's liquidity is highly dependent on the timing of loan repayments and interest collections. This lack of operational velocity implies that SCM may be vulnerable to liquidity crunches if portfolio companies experience simultaneous delays in interest payments.
Based on the company's reported figures, the debt-to-equity ratio of 1.76x as of 2025Q4 indicates a reliance on leverage that, while standard for BDCs, appears to be straining interest coverage, which has fallen to 0.59x, suggesting potential difficulty in servicing debt obligations from operating income.
The high debt-to-EBITDA ratio of 121.82x appears to be an outlier that warrants immediate verification, as it suggests a precarious reliance on external financing. Investors should monitor whether this leverage profile forces management to prioritize debt service over dividend distributions in future quarters.
As reported in financial statements, the P/E ratio is frequently misapplied to SCM, as it fails to account for the non-cash nature of unrealized gains and losses that distort net income, making it a poor proxy for the firm's actual cash-generating capacity.
Analysts should instead focus on Net Investment Income (NII) and the dividend coverage ratio to assess the firm's true earning power. Relying on P/E obscures the volatility inherent in Level 3 asset valuations and may lead to an inaccurate assessment of the firm's ability to sustain its dividend payout.
Includes 30+ ratios · 14 years · Updated daily
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Quick answers to the most common questions about buying SCM stock.
Stellus Capital Investment Corporation's current P/E ratio is 8.8x. The historical average is 16.9x. This places it at the 36th percentile of its historical range.
Stellus Capital Investment Corporation's current EV/EBITDA is 30.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 23.7x.
Stellus Capital Investment Corporation's return on equity (ROE) is 7.3%. The historical average is 8.6%.
Based on historical data, Stellus Capital Investment Corporation is trading at a P/E of 8.8x. This is at the 36th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Stellus Capital Investment Corporation's current dividend yield is 19.07% with a payout ratio of 167.4%.
Stellus Capital Investment Corporation has 47.8% gross margin and 42.8% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Stellus Capital Investment Corporation's Debt/EBITDA ratio is 22.8x, indicating high leverage. A ratio above 4x may signal elevated financial risk.