PennantPark Investment Corporation (PNNT) Key Metrics
PNNT valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $198.5M
- Enterprise value
- $707.2M
- P/E (TTM)
- 20.3 10-yr median 11.1
- Forward P/E
- 6.0
- PEG ratio
- 0.28
- Price / sales
- 1.9 10-yr median 4.8
- Price / book
- 0.5 10-yr median 0.8
- EV / EBITDA
- 19.1 10-yr median 21.7
- Dividend yield
- 15.79% $0.48 a year
- Beta
- 0.66
PNNT key metrics, FY2016–FY2025
Fiscal year ended September 30, 2025 · U.S. dollarsPNNT valuation Price multiples at each fiscal year-end price.
PNNT returns How much profit the business earns on the capital it uses.
PNNT per-share figures Results divided by the shares outstanding at year-end.
PNNT financial health Debt, liquidity and how easily interest is covered.
PNNT efficiency & capital use Working capital cycle and where the cash goes.
PNNT valuation history
PNNT returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
PNNT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
PNNT cash returned to shareholders
PNNT price vs earnings per share
PNNT key metrics
FY2016–FY2025| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $438.1M | $456.1M | $429.2M | $356.1M | $435.1M | $213.9M | $424.5M | $527.3M | $533.7M | $538.6M |
| Enterprise value | $1.13B | $1.18B | $907.2M | $1.01B | $1.02B | $756.4M | $73.31B | $252.33B | $256.69B | $327.82B |
| P/E ratio | 13.4 | 9.3 | — | — | 2.6 | — | 26.7 | 11.1 | 8.6 | 28.7 |
| Price / sales | 5.3 | 4.4 | 3.0 | 3.4 | 2.5 | 2.1 | 14.7 | 10.4 | 7.9 | 24.8 |
| Price / book | 0.9 | 0.9 | 0.9 | 0.6 | 0.7 | 0.4 | 0.7 | 0.8 | 0.8 | 0.8 |
| Price / free cash flow | 6.6 | — | 1.9 | — | 55.0 | — | — | 7.9 | 7.7 | 3.4 |
| Price / operating cash flow | 6.6 | — | 1.9 | — | 55.0 | — | — | 7.9 | 7.7 | 3.4 |
| EV / sales | 13.5 | 11.4 | 6.2 | 9.6 | 6.0 | 7.5 | — | — | — | — |
| EV / EBITDA | 30.4 | 22.7 | — | 8.6 | 20.7 | — | — | — | — | — |
| EV / free cash flow | 17.0 | — | 4.1 | — | 129.2 | — | — | — | — | — |
| Earnings yield | 7.5% | 10.7% | −7.9% | −6.9% | 38.3% | −7.5% | 3.8% | 9.0% | 11.6% | 3.5% |
| Free cash flow yield | 15.1% | −37.8% | 51.9% | −5.4% | 1.8% | −60.6% | −19.1% | 12.7% | 13.0% | 29.3% |
| Dividend yield | 15.5% | 14.5% | 10.6% | 9.8% | 7.4% | 20.7% | 11.5% | 9.7% | 12.3% | 14.9% |
| Shareholder yield (dividends + buybacks) | 15.5% | 14.5% | 10.9% | 13.5% | 9.0% | 20.7% | 14.9% | 12.5% | 12.3% | 17.2% |
| Share price at fiscal year-end | $6.71 | $6.99 | $6.58 | $5.46 | $6.49 | $3.19 | $6.27 | $7.46 | $7.51 | $7.52 |
| Per share | ||||||||||
| Revenue per share | $1.27 | $1.59 | $2.23 | $1.61 | $2.56 | $1.49 | $0.43 | $0.72 | $0.96 | $0.30 |
| Earnings per share | $0.50 | $0.75 | −$0.52 | −$0.38 | $2.49 | −$0.24 | $0.24 | $0.68 | $0.87 | $0.26 |
| Operating cash flow per share | $1.01 | −$2.64 | $3.42 | −$0.30 | $0.12 | −$1.93 | −$1.20 | $0.95 | $0.97 | $2.20 |
| Free cash flow per share | $1.01 | −$2.64 | $3.42 | −$0.30 | $0.12 | −$1.93 | −$1.20 | $0.95 | $0.97 | $2.20 |
| Cash per share | $0.79 | $0.76 | $0.59 | $0.84 | $0.30 | $0.38 | $0.88 | $0.28 | $0.54 | $1.06 |
| Book value per share | $7.11 | $7.57 | $7.70 | $8.98 | $9.85 | $7.84 | $8.59 | $8.90 | $9.10 | $8.98 |
| Tangible book value per share | $7.11 | $7.57 | $7.70 | $8.98 | $9.85 | $7.84 | $8.59 | $8.90 | $9.10 | $8.98 |
| Dividends per share | $1.04 | $1.01 | $0.70 | $0.53 | $0.48 | $0.66 | $0.72 | $0.72 | $0.92 | $1.12 |
| 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 | $11.32 | $11.83 | $7.92 | $10.80 | $9.06 | $8.48 | $1,077.27 | $3,562.59 | $3,605.24 | $4,570.59 |
| Shares outstanding | 65.3M | 65.2M | 65.2M | 65.2M | 67.0M | 67.0M | 67.7M | 70.7M | 71.1M | 71.6M |
| Change in shares outstanding | +0.1% | +0.0% | 0.0% | −2.7% | 0.0% | −1.0% | −4.2% | −0.5% | −0.8% | −4.2% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 6.8% | 9.8% | −6.2% | −4.0% | 28.1% | −2.9% | 2.6% | 7.5% | 9.6% | 2.8% |
| Return on invested capital (ROIC) | 2.8% | 4.4% | −1.9% | 0.8% | 14.4% | −0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Return on assets (ROA) | 2.4% | 3.8% | −2.7% | −1.9% | 13.8% | −1.3% | 1.3% | 4.0% | 5.1% | 1.4% |
| Return on tangible assets | 2.4% | 3.5% | −2.9% | −1.9% | 12.9% | −1.4% | 1.2% | 4.1% | 5.1% | 1.5% |
| Free cash flow margin | 79.6% | −166.2% | 153.4% | −18.5% | 4.6% | −129.3% | −280.2% | 131.6% | 102.0% | 726.1% |
| Income quality (OCF / net income) | 2.02 | −3.53 | — | — | 0.05 | — | −5.09 | 1.40 | 1.12 | 8.42 |
| Financial health | ||||||||||
| Total debt | $738.9M | $772.0M | $516.8M | $704.5M | $607.3M | $568.3M | $72.94B | $251.83B | $256.19B | $327.35B |
| Cash & short-term investments | $51.8M | $49.9M | $38.8M | $54.8M | $20.4M | $25.8M | $59.5M | $19.5M | $38.2M | $75.6M |
| Net debt | $687.1M | $722.2M | $478.1M | $649.7M | $587.0M | $542.5M | $72.88B | $251.81B | $256.15B | $327.28B |
| Debt / equity | 1.59 | 1.56 | 1.03 | 1.20 | 0.92 | 1.08 | 125.35 | 400.42 | 396.08 | 508.81 |
| Debt / assets | 0.55 | 0.56 | 0.45 | 0.53 | 0.47 | 0.51 | 56.73 | 217.07 | 213.10 | 264.22 |
| Net debt / EBITDA | 18.55 | 13.90 | — | 5.58 | 11.91 | — | — | — | — | — |
| Current ratio | 0.35 | 0.53 | 0.52 | 4.16 | 1.86 | 2.10 | 4.39 | 1.43 | 0.17 | 0.25 |
| Quick ratio | 0.35 | 0.53 | 0.57 | 0.18 | 1.86 | 2.10 | — | 62.47 | 0.00 | 0.25 |
| Interest coverage | 0.9 | 1.1 | -0.7 | 0.4 | 7.4 | -0.5 | 0.6 | 3.1 | 3.4 | 1.8 |
| Working capital | −$94.9M | −$54.7M | −$51.4M | $71.6M | $18.4M | $17.1M | $50.8M | $8.1M | −$211.56B | −$244.15B |
| Invested capital | $1.15B | $1.22B | $980.2M | $1.24B | $1.25B | $1.07B | $73.46B | $252.44B | $256.80B | $327.92B |
| Tangible asset value | $463.9M | $493.9M | $502.2M | $585.6M | $660.1M | $525.7M | $581.9M | $628.9M | $646.8M | $643.4M |
| Net current asset value | −$833.8M | −$834.1M | −$599.5M | −$640.7M | −$595.1M | −$556.1M | −$638.2M | −$504.1M | $43.55B | $82.05B |
| Graham number | $8.95 | $11.29 | — | — | $23.46 | — | $6.74 | $11.62 | $13.34 | $7.27 |
| Graham net-net per share | −$12.65 | −$12.83 | −$9.35 | −$9.33 | −$8.95 | −$8.32 | $429.56 | −$15.36 | $294.38 | −$7.19 |
| Capital allocation | ||||||||||
| Dividends paid | $67.9M | $65.9M | $45.7M | $34.9M | $32.2M | $44.2M | $48.8M | $51.0M | $65.4M | $80.3M |
| Share buybacks (net) | — | $0 | $1.2M | $13.2M | $7.1M | $0 | $14.5M | $15.0M | $0 | $12.2M |
| Dividend payout ratio | 207.5% | 134.9% | — | — | 19.3% | — | 306.5% | 106.8% | 105.9% | 428.6% |
| Dividends + buybacks / free cash flow | 102.7% | — | 21.0% | — | 496.2% | — | — | 98.6% | 94.4% | 58.6% |
| 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% | — | — | 0.0% | 0.0% | 0.0% |
| Capex / depreciation | 0.00 | — | — | 0.00 | — | 0.00 | — | 0.00 | 0.00 | — |
| Stock-based compensation / revenue | — | — | 142.0% | — | — | — | — | — | — | — |
| R&D / revenue | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| SG&A / revenue | 1.8% | 6.3% | 3.9% | 3.7% | 2.4% | 6.8% | 16.4% | 9.0% | 9.2% | 33.0% |
| Efficiency | ||||||||||
| Days sales outstanding | 46.2 | 40.1 | 59.5 | 95.5 | 27.5 | 23.0 | 87.2 | 48.5 | 34.8 | 122.9 |
| Days of inventory on hand | — | — | 83.7 | 143.4 | 0.0 | 90,457.0 | 195,270.0 | 146,982.6 | 126,294.6 | 152,303.7 |
| Days payables outstanding | 1,132.6 | 852.8 | 116.0 | 70.0 | 342.4 | 46.4 | 113.8 | 139.9 | 141.7 | 157.5 |
| Cash conversion cycle (days) | -1,086.4 | -812.7 | 27.2 | 168.9 | -314.9 | 90,433.6 | 195,243.4 | 146,891.2 | 126,187.7 | 152,269.1 |
| Receivables turnover | 7.90 | 9.09 | 6.13 | 3.82 | 13.26 | 15.88 | 4.19 | 7.53 | 10.49 | 2.97 |
| Payables turnover | 0.32 | 0.43 | 3.15 | 5.21 | 1.07 | 7.87 | 3.21 | 2.61 | 2.58 | 2.32 |
| Inventory turnover | — | — | — | 2.55 | 19,679,490.00 | 0.00 | 0.00 | — | 0.00 | 0.00 |
| Asset turnover | 0.06 | 0.08 | 0.12 | 0.08 | 0.14 | 0.08 | 0.02 | 0.04 | 0.06 | 0.02 |
| Average receivables | $10.5M | $11.4M | $23.7M | $27.5M | $12.9M | $6.3M | $6.9M | $6.8M | $6.5M | $7.3M |
| Average payables | $128.2M | $105.6M | $59.0M | $22.0M | $18.5M | $15.2M | $17.0M | $19.8M | $24.0M | $29.5M |
| Average inventory | — | — | $42.6M | $45.1M | $1 | $29.72B | $29.14B | $20.85B | $21.43B | $28.57B |
| 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 PNNT'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.
PNNT valuation and financial ratios
At the end of fiscal 2025 (September 30, 2025), PennantPark Investment traded at 13.4 times earnings, against a 10-year median of 11.1. Based on the latest twelve months, the trailing P/E is 20.3 and the forward P/E is 6.0. PennantPark Investment 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 $738.9 million of debt and $51.8 million in cash and short-term investments, net debt of $687.1 million. It returned $67.9 million to shareholders: $67.9 million in dividends and $0 in share buybacks, 103% of free cash flow. The share count fell 8.8% from 71.6M to 65.3M over 9 years.
See the PNNT income statement, the PNNT chart for price history, or the PNNT stock overview for the latest quote and news.
PNNT key metrics FAQ
What is PennantPark Investment's P/E ratio?
PennantPark Investment's trailing P/E ratio is 20.3 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 6.0. At the end of fiscal 2025 it was 13.4, compared with a 10-year median of 11.1.
What is PennantPark Investment's EV/EBITDA?
PennantPark Investment's enterprise value was 30.4 times EBITDA at the end of fiscal 2025 (enterprise value $1.1 billion, EBITDA $37.0 million); the current EV/EBITDA is 19.1.
What is PennantPark Investment's return on equity?
PennantPark Investment's return on equity (ROE) was 6.8% in fiscal 2025: net income of $32.7 million on average shareholders' equity of $478.9 million.
What is PennantPark Investment's ROIC?
PennantPark Investment'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 Investment have?
PennantPark Investment had total debt of $738.9 million at the end of fiscal 2025, a debt-to-equity ratio of 1.59 and $687.1 million of net debt (18.55 times EBITDA).
What is PennantPark Investment's dividend yield?
PennantPark Investment's forward dividend yield is 15.79%. PennantPark Investment paid $67.9 million in dividends in fiscal 2025 ($1.04 per share), a payout ratio of 207.5%.
What is PennantPark Investment's free cash flow yield?
PennantPark Investment generated $66.1 million of free cash flow in fiscal 2025, a free cash flow yield of 15.1% on its market value at year-end ($438.1 million).
What is PennantPark Investment's current ratio?
PennantPark Investment's current ratio was 0.35 at the end of fiscal 2025: current assets were 0.35 times current liabilities.