Latest Ratios: P/E Ratio 7.3x · EV/EBITDA 11.0x · ROE 9.3%. (2008–2025 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 | $674M | $843M | $879M | $820M | $719M | $779M | $740M | $871M | $811M | $854M | $880M |
| Enterprise Value | $1.8B | $2.0B | $1.5B | $1.7B | $1.4B | $1.3B | $1.0B | $1.0B | $1.1B | $1.2B | $955M |
| P/E Ratio → | 7.27 | 9.09 | 9.18 | 10.74 | 39.74 | 13.07 | 47.32 | 15.50 | 12.15 | 12.10 | 8.23 |
| P/S Ratio | 3.06 | 3.83 | 4.98 | 5.16 | 9.66 | 7.84 | 14.58 | 9.15 | 8.03 | 8.23 | 6.21 |
| P/B Ratio | 0.68 | 0.85 | 0.89 | 0.83 | 0.72 | 0.92 | 0.87 | 0.96 | 0.68 | 0.65 | 0.89 |
| P/FCF | — | — | 5.63 | — | 7.89 | — | — | 4.67 | 4.25 | — | 5.94 |
| P/OCF | — | — | 5.63 | — | 7.89 | — | — | 4.67 | 4.25 | — | 5.94 |
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 | — | 8.97 | 8.48 | 10.40 | 18.50 | 12.76 | 20.15 | 10.73 | 10.67 | 11.98 | 6.74 |
| EV / EBITDA | 11.03 | 12.07 | 15.63 | 21.65 | 75.05 | 21.29 | 66.19 | 18.25 | 16.11 | 17.64 | 8.94 |
| EV / EBIT | 11.25 | 12.30 | 15.63 | 21.65 | 75.05 | 21.29 | 66.19 | 18.25 | 16.11 | 17.64 | 8.94 |
| EV / FCF | — | — | 9.59 | — | 15.12 | — | — | 5.47 | 5.64 | — | 6.45 |
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 | 73.3% | 73.3% | 59.5% | 54.4% | 38.1% | 69.9% | 46.5% | 69.7% | 75.5% | 79.1% | 82.7% |
| Operating Margin | 72.9% | 72.9% | 54.3% | 48.0% | 24.7% | 59.9% | 30.4% | 58.8% | 66.2% | 67.9% | 75.4% |
| Net Profit Margin | 42.0% | 42.0% | 54.3% | 48.0% | 24.7% | 59.9% | 30.4% | 58.8% | 66.2% | 67.9% | 75.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.3% | 9.3% | 9.7% | 7.7% | 2.0% | 7.0% | 1.8% | 5.4% | 5.4% | 6.1% | 11.4% |
| ROA | 3.7% | 3.7% | 3.9% | 3.0% | 0.8% | 3.0% | 0.8% | 3.1% | 4.0% | 4.3% | 6.5% |
| ROIC | 5.8% | 5.8% | 3.4% | 2.7% | 0.7% | 2.8% | 0.8% | 2.7% | 2.9% | 3.3% | 5.9% |
| ROCE | 7.1% | 7.1% | 4.5% | 3.6% | 1.0% | 3.7% | 1.0% | 3.8% | 4.9% | 5.2% | 7.7% |
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 | 1.15 | 1.15 | 1.04 | 1.19 | 1.09 | 0.96 | 0.79 | 0.65 | 0.40 | 0.41 | 0.39 |
| Debt / EBITDA | 7.01 | 7.01 | 10.77 | 15.42 | 59.21 | 13.63 | 43.46 | 10.48 | 7.08 | 7.66 | 3.63 |
| Net Debt / Equity | — | 1.14 | 0.62 | 0.84 | 0.66 | 0.58 | 0.33 | 0.17 | 0.22 | 0.30 | 0.08 |
| Net Debt / EBITDA | 6.91 | 6.91 | 6.45 | 10.91 | 35.86 | 8.21 | 18.29 | 2.69 | 3.98 | 5.52 | 0.70 |
| Debt / FCF | — | — | 3.95 | — | 7.22 | — | — | 0.81 | 1.39 | — | 0.51 |
| Interest Coverage | 2.36 | 2.36 | 1.34 | 1.05 | 0.40 | 1.99 | 0.57 | 1.94 | 2.70 | 3.25 | 4.35 |
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 | 0.31 | 0.31 | 1.09 | 1.09 | 1.04 | 1.00 | 1.01 | 1.03 | 0.83 | 0.54 | 0.04 |
| Quick Ratio | 0.31 | 0.31 | 1.09 | 1.09 | 1.04 | 1.00 | 1.01 | 1.03 | 0.83 | 0.54 | 0.04 |
| Cash Ratio | 0.18 | 0.18 | 1.02 | 1.01 | 0.99 | 0.94 | 0.97 | 0.99 | 0.76 | 0.51 | 1.15 |
| Asset Turnover | — | 0.09 | 0.07 | 0.06 | 0.03 | 0.05 | 0.03 | 0.05 | 0.06 | 0.06 | 0.09 |
| 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 | 13.3% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 96.7% | 96.7% | — | — | 515.4% | 116.4% | 448.6% | 123.7% | 102.7% | 95.6% | 63.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 13.8% | 11.0% | 10.9% | 9.3% | 2.5% | 7.7% | 2.1% | 6.5% | 8.2% | 8.3% | 12.2% |
| FCF Yield | — | — | 17.8% | — | 12.7% | — | — | 21.4% | 23.6% | — | 16.8% |
| Buyback Yield | 0.0% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 13.3% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $55M | $54M | $55M | $52M | $42M | $42M | $42M | $42M | $42M | $42M |
Portfolio credit quality deterioration
According to current market data, SLRC trades at a P/B ratio of 0.68, which, based on reported figures, suggests that investors are applying a significant discount to the firm's net asset value compared to larger, more liquid BDC peers like Ares Capital.
The forward P/E of 9.14 implies that the market remains skeptical of the company's ability to sustain its current earnings trajectory given the historical volatility in net income. This valuation level warrants further investigation into whether the discount is a structural reaction to the firm's multi-silo complexity or a temporary mispricing of its specialty finance assets.
As reported in financial statements, SLRC's ROE has languished between 2.0% and 2.8% over the last ten quarters, indicating that the company is struggling to generate meaningful returns on its invested capital compared to the broader BDC sector average.
The persistent low ROIC, which hovered near 0.8% in recent periods, suggests that the firm's underlying lending platforms are not compounding value effectively. Investors should monitor whether this decay in returns is a result of high overhead costs within the specialty silos or an inability to deploy capital into sufficiently high-yielding opportunities.
Based on the provided quarterly data, SLRC's asset turnover has remained stagnant at 0.02, while DSO has fluctuated significantly between 22 and 70 days, suggesting that the firm's ability to efficiently convert its lending activities into cash is highly inconsistent.
The lack of improvement in the cash conversion cycle indicates that the firm's working capital management is not optimized for its complex asset mix. This inefficiency appears to be a drag on overall operational performance and may limit the firm's agility in responding to shifting credit conditions.
As reported in financial statements, SLRC's debt-to-equity ratio has consistently hovered near 1.15x, which, based on the 2025Q4 figures, places the firm at the upper end of its target leverage range and limits its capacity to absorb further credit shocks without additional equity dilution.
The interest coverage ratio, which has trended downward to 1.51 in 2025Q4, suggests that debt service is becoming increasingly burdensome in the current interest rate environment. This leverage profile appears to leave little room for error, and investors should monitor the firm's ability to maintain its investment-grade credit rating under continued pressure.
The 13.2% dividend yield is frequently misapplied as a proxy for investment quality, yet based on reported figures, this metric obscures the underlying volatility in net investment income and the potential for future dividend sustainability issues given the firm's strained cash flow generation.
Investors should prioritize the NII dividend coverage ratio over the headline yield, as the latter fails to account for the risk of non-accruals and the potential for capital erosion. Relying on yield alone ignores the structural challenges inherent in the firm's multi-strategy lending model and the potential for future distribution adjustments.
Includes 30+ ratios · 18 years · Updated daily
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Quick answers to the most common questions about buying SLRC stock.
SLR Investment Corp.'s current P/E ratio is 7.3x. The historical average is 17.7x. This places it at the 6th percentile of its historical range.
SLR Investment Corp.'s current EV/EBITDA is 11.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 24.0x.
SLR Investment Corp.'s return on equity (ROE) is 9.3%. The historical average is 4.7%.
Based on historical data, SLR Investment Corp. is trading at a P/E of 7.3x. This is at the 6th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
SLR Investment Corp.'s current dividend yield is 13.27% with a payout ratio of 96.7%.
SLR Investment Corp. has 73.3% gross margin and 72.9% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
SLR Investment Corp.'s Debt/EBITDA ratio is 7.0x, indicating high leverage. A ratio above 4x may signal elevated financial risk.