PennantPark Investment Corporat (PNNT) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

PennantPark Investment Corporat

NYSE•Financial Services•Asset Management

$3.740.00(0.00%)Market closed

Market Cap

$233.76M

P/E

23.1x

P/S

2.2x

P/B

0.5x

PennantPark Investment Corporation, a business development company is a private equity fund specializes in direct and mezzanine investments in middle market companies. It invests in the form of mezzanine debt, senior secured loans, and equity investments. The fund typically invests in buildings and real estate, hotels, gaming and leisure, technology, telecommunications, transportation, information technology services, electronics, healthcare & pharmaceuticals, education and childcare, financial services, printing and publishing, consumer products, business services, energy & Related Services and utilities, distribution, oil and gas, media, environmental services, aerospace and defense, building materials, capital equipment, chemicals, plastics, & rubber, food & beverage, wholesale, manufacturing and basic industries and retail. It invests in equity securities and debt transactions through preferred stock, common stock, warrants, options, senior secured debt, subordinated debt, subordinated loans, first lien debt, mezzanine loans, and distressed debt securities and private equity co-investments. It seeks to invest in companies based in the United States. The fund seeks to invest between $10 million and $100 million cross the capital structure (senior secured loans, subordinated debt, and other investments) in its portfolio companies with EBITDA between $10 to $50 million. The fund invest upto $250 million in equity investment. The fund prefers to invest in middle market companies companies having revenue between $50 million and $ 1000 million. Its mezzanine loans, senior secured loans, and other investments in its portfolio companies are between $15 million and $50 million. The fund may also make non-control equity and debt investments.

How this company scores

AverageMetricSide Score: 40/100

Strongest: Cash & Earnings Quality (14/25); weakest: Growth (3/25).

Profitability10/25

Growth3/25

Balance Sheet & Red Flags13/25

Cash & Earnings Quality14/25

Strengths

Strong marginsCash-backed earningsImproving leverageNo share dilution

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 23.1x5y range 7.4x – 23.1x

Currently above its 11-quarter median.

P/S · 2.2x5y range 1.8x – 3.6x

Currently below its 13-quarter median.

P/B · 0.5x5y range 0.5x – 1.0x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Watch

Operating margins declined 13.3% — watch for continued compression, which may signal competitive or cost pressure.

Revenue Decline

Red Flag

TTM revenue has contracted 18.8% — significant decline indicating deteriorating demand.

Price & Volume

Market Cap $233.76M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $104.91M
Q. Revenue: $24.77M
TTM EBITDA: $35.03M
TTM Op. Income: $35.03M
Q. Op. Income: $8.87M
TTM Net Income: $10.13M
Q. Net Income: $4.47M
EPS: $0.07
Shares Out.: $65.30M

$104.91M in TTM revenue declined 19.9% YoY, reaching $24.77M last quarter. TTM EBITDA of $35.03M and TTM operating income of $35.03M show growth is flowing through to the bottom line. TTM net income of $10.13M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has fallen for 7 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 35.8%
Op. Margin: 35.8%
Net Margin: 18.0%

Op. margin of 35.8% is down 4.1% YoY — costs are rising relative to revenue. Net margin at 18.0% Over the past year, operating margin is down 10% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 23.1x
P/S Ratio: 2.2x
P/B Ratio: 0.5x

At 23.1x P/E, the stock trades within typical market levels. P/S of 2.2x and P/B of 0.5x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has risen for 4 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $1.26B
Cash: $39.25M
Long-Term Debt: $238.18M
Book Value: $428.03M
D/E Ratio: 0.6
Debt/EBITDA: 26.9

With $1.26B in assets and $238.18M in long-term debt, D/E is 0.6and book value is $428.03M — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is down 15% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $50.07M
TTM Free Cash Flow: $113.20M
FCF Margin: 107.9%
FCF / Net Income: 11.2

TTM FCF of $113.20M on $50.07M in operating cash flow. The FCF / Net Income ratio of 11.2x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has fallen for 2 consecutive quarters — a weakening trend.