PennantPark Floating Rate Capital Ltd. (PFLT) Key Metrics
PFLT valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $645.9M
- Enterprise value
- $971.4M
- P/E (TTM)
- 12.8 10-yr median 12.4
- Forward P/E
- 6.6
- PEG ratio
- 0.26
- Price / sales
- 2.4 10-yr median 8.6
- Price / book
- 0.7 10-yr median 0.9
- EV / EBITDA
- 26.0 10-yr median 20.6
- Dividend yield
- 15.36% $1.00 a year
- Beta
- 0.80
PFLT key metrics, FY2016–FY2025
Fiscal year ended September 30, 2025 · U.S. dollarsPFLT valuation Price multiples at each fiscal year-end price.
PFLT returns How much profit the business earns on the capital it uses.
PFLT per-share figures Results divided by the shares outstanding at year-end.
PFLT financial health Debt, liquidity and how easily interest is covered.
PFLT efficiency & capital use Working capital cycle and where the cash goes.
PFLT valuation history
PFLT returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
PFLT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
PFLT cash returned to shareholders
PFLT price vs earnings per share
PFLT key metrics
FY2016–FY2025| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $822.7M | $760.4M | $541.9M | $394.2M | $495.8M | $327.2M | $449.8M | $503.6M | $438.4M | $353.6M |
| Enterprise value | $2.48B | $1.83B | $936.8M | $1.02B | $1.10B | $922.9M | $136.25B | $136.40B | $933.2M | $789.5M |
| P/E ratio | 12.4 | 8.3 | 13.8 | 114.2 | 8.8 | 17.8 | — | 15.0 | 12.1 | 10.6 |
| Price / sales | 4.8 | 4.5 | 12.9 | 33.9 | 8.0 | 14.4 | 22.5 | 7.9 | 8.9 | 8.3 |
| Price / book | 0.8 | 0.9 | 0.8 | 0.7 | 1.0 | 0.7 | 0.9 | 0.9 | 1.0 | 0.9 |
| Price / free cash flow | 8.7 | — | 3.9 | — | 10.0 | — | — | — | — | — |
| Price / operating cash flow | 8.7 | — | 3.9 | — | 10.0 | — | — | — | — | — |
| EV / sales | 14.4 | 10.9 | 22.2 | 87.4 | 17.7 | 40.7 | — | — | 18.9 | 18.5 |
| EV / EBITDA | 36.7 | 19.2 | 24.8 | 17.4 | — | 0.0 | — | — | 20.8 | 20.6 |
| EV / free cash flow | 26.1 | — | 6.7 | — | 22.2 | — | — | — | — | — |
| Earnings yield | 8.1% | 12.1% | 7.2% | 0.9% | 11.4% | 5.6% | −2.5% | 6.6% | 8.3% | 9.5% |
| Free cash flow yield | 11.6% | −105.4% | 25.9% | −12.7% | 10.0% | −1.5% | −27.0% | −41.4% | −17.5% | −46.8% |
| Dividend yield | 13.6% | 10.4% | 0.1% | 11.7% | 8.9% | 13.5% | 9.8% | 8.5% | 7.8% | 8.6% |
| Shareholder yield (dividends + buybacks) | 13.6% | 10.4% | 0.1% | 32.5% | 8.9% | 13.5% | 9.8% | 8.5% | 7.8% | 8.6% |
| Share price at fiscal year-end | $8.89 | $11.57 | $10.66 | $9.60 | $12.79 | $8.44 | $11.60 | $13.15 | $14.48 | $13.23 |
| Per share | ||||||||||
| Revenue per share | $1.85 | $2.55 | $0.83 | $0.28 | $1.60 | $0.58 | $0.51 | $1.67 | $1.63 | $1.60 |
| Earnings per share | $0.72 | $1.40 | $0.77 | $0.08 | $1.46 | $0.47 | −$0.29 | $0.87 | $1.20 | $1.25 |
| Operating cash flow per share | $1.03 | −$12.19 | $2.77 | −$1.22 | $1.28 | −$0.13 | −$3.13 | −$5.44 | −$2.53 | −$6.19 |
| Free cash flow per share | $1.03 | −$12.19 | $2.77 | −$1.22 | $1.28 | −$0.13 | −$3.13 | −$5.44 | −$2.53 | −$6.19 |
| Cash per share | $1.33 | $1.70 | $1.98 | $1.25 | $1.29 | $1.48 | $1.63 | $1.89 | $0.62 | $1.08 |
| Book value per share | $11.61 | $13.35 | $12.86 | $12.84 | $12.66 | $12.31 | $12.97 | $13.99 | $15.13 | $14.06 |
| Tangible book value per share | $11.61 | $13.35 | $12.86 | $12.84 | $12.66 | $12.31 | $12.97 | $13.99 | $15.13 | $14.06 |
| Dividends per share | $1.21 | $1.20 | $0.01 | $1.12 | $1.14 | $1.14 | $1.14 | $1.12 | $1.13 | $1.14 |
| Capex per share | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Debt per share | $19.20 | $17.91 | $9.75 | $16.39 | $16.83 | $16.85 | $3,504.16 | $3,550.24 | $16.97 | $17.39 |
| Shares outstanding | 92.5M | 65.7M | 50.8M | 41.1M | 38.8M | 38.8M | 38.8M | 38.3M | 30.3M | 26.7M |
| Change in shares outstanding | +40.8% | +29.3% | +23.8% | +5.9% | −0.0% | 0.0% | +1.2% | +26.5% | +13.3% | — |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 6.8% | 12.0% | 6.7% | 0.7% | 11.7% | 3.8% | −2.1% | 6.7% | 8.7% | 8.9% |
| Return on invested capital (ROIC) | 2.8% | 6.1% | 3.4% | 1.7% | 5.2% | 0.0% | 0.0% | 0.0% | 4.1% | 4.6% |
| Return on assets (ROA) | 2.6% | 5.6% | 3.3% | 0.3% | 4.9% | 1.6% | −1.0% | 3.7% | 5.3% | 6.4% |
| Return on tangible assets | 2.3% | 4.4% | 3.3% | 0.3% | 4.8% | 1.6% | −1.0% | 3.1% | 4.9% | 5.3% |
| Free cash flow margin | 55.4% | −477.5% | 333.4% | −430.2% | 80.1% | −21.8% | −608.7% | −325.5% | −155.7% | −388.0% |
| Income quality (OCF / net income) | 1.43 | −8.73 | 3.58 | −14.47 | 0.88 | −0.27 | — | −6.22 | −2.11 | −4.94 |
| Financial health | ||||||||||
| Total debt | $1.78B | $1.18B | $495.4M | $672.8M | $652.6M | $653.2M | $135.86B | $135.97B | $513.7M | $464.8M |
| Cash & short-term investments | $122.7M | $112.0M | $100.6M | $51.5M | $49.8M | $57.5M | $63.3M | $72.2M | $18.9M | $28.9M |
| Net debt | $1.65B | $1.06B | $394.9M | $621.3M | $602.8M | $595.7M | $135.80B | $135.90B | $494.8M | $435.9M |
| Debt / equity | 1.65 | 1.34 | 0.76 | 1.28 | 1.33 | 1.37 | 270.08 | 253.75 | 1.12 | 1.24 |
| Debt / assets | 0.61 | 0.56 | 0.42 | 0.55 | 0.56 | 0.57 | 117.90 | 126.32 | 0.69 | 0.74 |
| Net debt / EBITDA | 24.51 | 11.22 | 10.46 | 10.62 | — | 0.02 | — | — | 11.00 | 11.35 |
| Current ratio | 2.94 | 2.78 | 5.40 | 5.07 | 3.93 | 5.54 | 0.24 | 0.19 | 0.13 | 0.13 |
| Quick ratio | 2.94 | 2.78 | 5.40 | 5.07 | −2.30 | −4.65 | 0.24 | 0.19 | 0.13 | 0.13 |
| Interest coverage | 0.7 | 1.6 | 1.0 | 1.3 | 2.6 | 0.7 | 3.0 | 2.4 | 4.4 | 6.8 |
| Working capital | $90.2M | $80.3M | $91.6M | $50.7M | $66.5M | $50.3M | −$219.1M | −$329.3M | −$252.6M | −$223.0M |
| Invested capital | $2.73B | $1.94B | $1.05B | $1.15B | $1.09B | $1.07B | $136.30B | $136.43B | $952.7M | $811.8M |
| Tangible asset value | $1.07B | $877.3M | $653.6M | $527.1M | $490.6M | $477.3M | $503.1M | $535.8M | $457.9M | $375.9M |
| Net current asset value | −$1.70B | −$1.11B | −$413.6M | −$637.2M | −$591.0M | −$609.7M | −$578.6M | −$464.8M | −$252.6M | −$223.0M |
| Graham number | $13.69 | $20.49 | $14.95 | $4.93 | $20.37 | $11.47 | — | $16.59 | $20.21 | $19.91 |
| Graham net-net per share | −$18.42 | −$16.88 | −$8.21 | −$15.60 | −$13.68 | −$14.30 | −$14.98 | −$12.17 | −$8.52 | −$8.41 |
| Capital allocation | ||||||||||
| Dividends paid | $111.6M | $78.8M | $565,000 | $46.1M | $44.2M | $44.2M | $44.2M | $43.0M | $34.3M | $30.5M |
| Share buybacks (net) | — | — | $0 | $81.9M | — | — | — | $0 | $0 | $0 |
| Dividend payout ratio | 168.1% | 85.8% | 1.4% | — | 78.2% | 240.0% | — | 128.3% | 94.4% | 91.0% |
| Dividends + buybacks / free cash flow | 117.4% | — | 0.4% | — | 89.2% | — | — | — | — | — |
| Capex / revenue | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Capex / operating cash flow | 0.0% | — | 0.0% | — | 0.0% | — | — | — | — | — |
| Capex / depreciation | 0.00 | 0.00 | 0.00 | 0.00 | — | 0.00 | 0.00 | 0.00 | — | — |
| Stock-based compensation / revenue | — | — | 238.9% | — | — | — | — | — | — | — |
| R&D / revenue | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| SG&A / revenue | 4.4% | 4.0% | 10.5% | 27.5% | 3.4% | 17.0% | 20.1% | 7.0% | 8.5% | 7.8% |
| Efficiency | ||||||||||
| Days sales outstanding | 30.4 | 26.2 | 95.1 | 791.9 | 127.0 | 85.0 | 88.8 | 55.7 | 71.1 | 19.0 |
| Days of inventory on hand | — | — | 0.0 | 14,057.3 | 2,742.3 | 1,861.8 | — | — | — | — |
| Days payables outstanding | 178.9 | 202.9 | 207.6 | 3,497.0 | 364.3 | 248.1 | 397.8 | 1,161.8 | 952.4 | 1,117.2 |
| Cash conversion cycle (days) | -148.5 | -176.8 | -112.5 | 11,352.2 | 2,505.0 | 1,698.8 | -309.0 | -1,106.2 | -881.3 | -1,098.2 |
| Receivables turnover | 11.99 | 13.94 | 3.84 | 0.46 | 2.87 | 4.29 | 4.11 | 6.56 | 5.13 | 19.21 |
| Payables turnover | 2.04 | 1.80 | 1.76 | 0.10 | 1.00 | 1.47 | 0.92 | 0.31 | 0.38 | 0.33 |
| Inventory turnover | — | — | 29,274,000.00 | 0.03 | 0.13 | 0.20 | — | — | — | — |
| Asset turnover | 0.07 | 0.10 | 0.04 | 0.01 | 0.05 | 0.02 | 0.02 | 0.07 | 0.07 | 0.08 |
| Average receivables | $14.3M | $12.0M | $11.0M | $25.2M | $21.5M | $5.3M | $4.9M | $9.8M | $9.6M | $2.2M |
| Average payables | $45.7M | $32.9M | $16.6M | $17.6M | $16.9M | $15.0M | $42.5M | $45.7M | $21.8M | $15.1M |
| Average inventory | — | — | $1 | $70.7M | $127.1M | $112.9M | — | — | — | — |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from PFLT's annual financial statements (latest annual report filed November 24, 2025) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
PFLT valuation and financial ratios
At the end of fiscal 2025 (September 30, 2025), PennantPark Floating Rate Capital traded at 12.4 times earnings, against a 10-year median of 12.4. Based on the latest twelve months, the trailing P/E is 12.8 and the forward P/E is 6.6. PennantPark Floating Rate Capital earned a return on equity of 6.8% and a return on invested capital of 2.8% in fiscal 2025. It ended the year with $1.8 billion of debt and $122.7 million in cash and short-term investments, net debt of $1.7 billion. It returned $111.6 million to shareholders: $111.6 million in dividends and $0 in share buybacks, 117% of free cash flow. The share count rose 246.2% from 26.7M to 92.5M over 9 years.
See the PFLT income statement, the PFLT chart for price history, or the PFLT stock overview for the latest quote and news.
PFLT key metrics FAQ
What is PennantPark Floating Rate Capital's P/E ratio?
PennantPark Floating Rate Capital's trailing P/E ratio is 12.8 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 6.6. At the end of fiscal 2025 it was 12.4, compared with a 10-year median of 12.4.
What is PennantPark Floating Rate Capital's EV/EBITDA?
PennantPark Floating Rate Capital's enterprise value was 36.7 times EBITDA at the end of fiscal 2025 (enterprise value $2.5 billion, EBITDA $67.5 million); the current EV/EBITDA is 26.0.
What is PennantPark Floating Rate Capital's return on equity?
PennantPark Floating Rate Capital's return on equity (ROE) was 6.8% in fiscal 2025: net income of $66.4 million on average shareholders' equity of $975.9 million.
What is PennantPark Floating Rate Capital's ROIC?
PennantPark Floating Rate Capital's return on invested capital was 2.8% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does PennantPark Floating Rate Capital have?
PennantPark Floating Rate Capital had total debt of $1.8 billion at the end of fiscal 2025, a debt-to-equity ratio of 1.65 and $1.7 billion of net debt (24.51 times EBITDA).
What is PennantPark Floating Rate Capital's dividend yield?
PennantPark Floating Rate Capital's forward dividend yield is 15.36%. PennantPark Floating Rate Capital paid $111.6 million in dividends in fiscal 2025 ($1.21 per share), a payout ratio of 168.1%.
What is PennantPark Floating Rate Capital's free cash flow yield?
PennantPark Floating Rate Capital generated $95.0 million of free cash flow in fiscal 2025, a free cash flow yield of 11.6% on its market value at year-end ($822.7 million).
What is PennantPark Floating Rate Capital's current ratio?
PennantPark Floating Rate Capital's current ratio was 2.94 at the end of fiscal 2025: current assets were 2.94 times current liabilities.