Start with its own history
At 16.92×, GAIN is 155.6% above its 9-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NASDAQ · GAINAsset ManagementUpdated Nov 5, 2026
Gladstone Investment Corp. P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
16.92×
155.6% abovethe 9-observation annual average
Share price15.4
÷Earnings per share0.91
Price and EPS in quote currency. Calculation details
Investors are paying 16.92 for every 1 of reported earnings per share.
P/E over time
2017 – 2026
Annual P/ESelected-period average 6.62×
3-year average5.39×3 positive annual observations
5-year average6.76×5 positive annual observations
10-year average6.62×9 positive annual observations
Peer median · TTM11.33×7 peers with positive P/E
Historical P/E ratios
Annual period-end data · 21 observations
| Period end | P/E | Change |
|---|---|---|
| Mar 31, 2026 | 2.98× | -60.3% |
| Mar 31, 2025 | 7.51× | +32.1% |
| Mar 31, 2024 | 5.68× | -54.1% |
| Mar 31, 2023 | 12.38× | +136.5% |
| Mar 31, 2022 | 5.24× | -45.2% |
| Mar 31, 2021 | 9.55× | N/M |
| Mar 31, 2020 | N/M | N/M |
| Mar 31, 2019 | 4.74× | -11.8% |
View all 21 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Mar 31, 2018 | 5.37× | -12.3% |
| Mar 31, 2017 | 6.13× | -28.4% |
| Mar 31, 2016 | 8.56× | +117.5% |
| Mar 31, 2015 | 3.94× | N/M |
| Mar 31, 2014 | N/M | N/M |
| Mar 31, 2013 | 10.20× | +33.4% |
| Mar 31, 2012 | 7.65× | -27.1% |
| Mar 31, 2011 | 10.49× | N/M |
| Mar 31, 2010 | N/M | N/M |
| Mar 31, 2009 | N/M | N/M |
| Mar 31, 2008 | N/M | N/M |
| Mar 31, 2007 | 33.80× | -17.2% |
| Mar 31, 2006 | 40.81× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How GAIN compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 GAIN This stockGladstone Investment Corp. | 16.92× |
 GLADGladstone Capital Corporation | 9.20× |
 BCSFBain Capital Specialty Finance, Inc. | 11.33× |
 PFLTPennantPark Floating Rate Capital Ltd. | 13.58× |
 FDUSFidus Investment Corporation | 9.43× |
 GSBDGoldman Sachs BDC, Inc. | 17.53× |
 CGBDCarlyle Secured Lending, Inc. | 21.66× |
 MSIFMSC Income Fund, Inc. | 5.77× |
 PSECProspect Capital Corporation | N/M |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does GAIN’s P/E tell you?
Compare like with like
The median of the 7 positive peer ratios above is 11.33×. Check growth, margins, debt, and earnings quality before interpreting the gap. A faster-growing business may justify a higher multiple.
Check what drives earnings
One-off gains can temporarily lower P/E; unusual charges can raise it. Reported earnings and forward estimates answer different questions. Pair this view with return on equity and liquidity for a fuller picture.
Keep your research connected
Take GAIN into your spreadsheet
Pull historical P/E into Excel or Google Sheets with Wisesheets. Build your own comparisons alongside the rest of your financial model.
Explore WisesheetsQuarterly P/E · latest quarterLQ selects the latest reported quarter. Requires the Wisesheets add-in. See available data
=WISE("GAIN", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 15.4 ÷ EPS 0.91 = 16.92×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Nov 5, 2026; this is not a real-time trading quote.
History & averages
Annual and quarterly P/E observations are provided separately from the current quote. Averages use the latest 3, 5, or 10 annual observations, excluding missing and nonpositive ratios. Pre-IPO observations are omitted. These are period-end observations, not daily averages.
Data definitions and limitations
The current quote feed does not specify the exact EPS filing-period end or whether EPS is basic or diluted. We do not label it as forward P/E. Peer ratios are explicitly trailing-12-month (TTM) values. Historical observations do not include independently verified price and EPS inputs. Sources may update on different schedules; rounded inputs can produce small calculation differences. Historical comparisons describe past pricing, not an estimate of fair value.
GAIN P/E ratio: common questions
The essentials behind the numbers.
Gladstone Investment Corp.'s current P/E is 16.92× based on the quote data last updated Nov 5, 2026. It represents the share price divided by reported earnings per share. Prices and earnings may refresh on different schedules.
Annual P/E uses earnings for a completed fiscal year. Trailing-12-month (TTM) P/E uses the latest four quarters, while forward P/E uses forecast earnings. These are not interchangeable. This page labels peer ratios as TTM and shows dated annual or quarterly historical observations; it does not show forward estimates.
N/M means not meaningful: the feed has no positive P/E for that observation. Negative or zero earnings should not be ranked as a low positive valuation multiple. N/M observations are excluded from the averages shown above.
Divide the share price by earnings per share (EPS). For example, a share price of 100 and EPS of 5 gives a P/E of 20×. This page uses the price and EPS supplied together in the quote when both are positive.
Price timestamps, EPS definitions, share classes, adjustments, and fiscal periods can differ. A forward P/E also uses forecast earnings rather than reported earnings. Compare the inputs and as-of dates before comparing two displayed ratios.
Not necessarily. The average describes previous market pricing, not fair value. Changes in earnings quality, growth expectations, debt, accounting, and business risk can justify a different multiple today.