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PennantPark Floating Rate Valuation Multiples

Discover revenue and EBITDA valuation multiples for PennantPark Floating Rate and similar public comparables like Alpha Investment, Bain Capital Specialty, Barings BDC, Velocity Financial and more.

PennantPark Floating Rate Overview

About PennantPark Floating Rate

PennantPark Floating Rate Capital Ltd is a closed-end, externally managed, non-diversified investment company. Its investment objectives are to generate both current income and capital appreciation by investing in Floating Rate Loans and other investments made to U.S. middle-market companies. The company believes that Floating Rate Loans to U.S. middle-market companies offer attractive risk-reward to investors due to the limited amount of capital available for such companies and the potential for rising interest rates. The company generates revenue in the form of interest income on the debt securities and dividends.


Founded

2010

HQ

United States

Employees

0

Financials (LTM)

Revenue: $269M
Net Income: $80M

EV

$2B

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PennantPark Floating Rate Financials

PennantPark Floating Rate reported last 12-month revenue of $269M.

In the same LTM period, PennantPark Floating Rate generated $80M in net income.

Revenue (LTM)


PennantPark Floating Rate P&L

In the most recent fiscal year, PennantPark Floating Rate reported revenue of $261M and net income of $66M.

PennantPark Floating Rate is profitable as of last fiscal year, with net margin of 25%.

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LTMLast FY202320242025202620272028
Revenue$269M$261M$59M$101M$127M
EBIT Margin56%50%130%109%
Net Profit$80M$66M$52M$85M$72M
Net Margin30%25%89%85%57%
Net Debt$2B

Financial data powered by Morningstar, Inc.

PennantPark Floating Rate Stock Performance

PennantPark Floating Rate has current market cap of $805M, and enterprise value of $2B.

Market Cap Evolution


PennantPark Floating Rate's stock price is $8.11.

PennantPark Floating Rate share price decreased by 9.6% in the last 30 days, and by 21.3% in the last year.

PennantPark Floating Rate has an EPS (earnings per share) of $0.67.

See more trading valuation data for PennantPark Floating Rate
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$2B$805M-0.7%-9.6%-0.6%-21.3%$0.67

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PennantPark Floating Rate Valuation Multiples

PennantPark Floating Rate trades at 9.2x EV/Revenue multiple.

See NTM and 2027E valuation multiples for PennantPark Floating Rate

EV / Revenue (LTM)


PennantPark Floating Rate Financial Valuation Multiples

As of May 23, 2026, PennantPark Floating Rate has market cap of $805M and EV of $2B.

PennantPark Floating Rate has a P/E ratio of 10.0x.

LTMLast FY202320242025202620272028
EV/Revenue9.2x9.5x42.1x24.5x19.5x
EV/EBIT16.4x18.9x18.9x17.8x
P/E10.0x12.1x15.4x9.4x11.2x
EV/FCF(3.4x)(26.0x)(3.2x)(3.4x)

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified PennantPark Floating Rate Valuation Multiples

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PennantPark Floating Rate Margins & Growth Rates

PennantPark Floating Rate grew revenue by 4% and net profit by 33% in the last fiscal year.

In the most recent fiscal year, PennantPark Floating Rate reported net margin of 25%.

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PennantPark Floating Rate Margins

Last FY202420252026202720282029
EBIT Margin50%130%109%59%
Net Margin25%85%57%34%
FCF Margin(276%)(773%)(568%)

PennantPark Floating Rate Growth Rates

FY+1/FY23/2424/2525/2626/2727/2828/29
Revenue Growth4%72%26%115%
EBIT Growth24%6%16%
Net Profit Growth33%63%(16%)29%
FCF Growth723%(8%)

Data powered by FactSet, Inc. and Morningstar, Inc.

PennantPark Floating Rate Operational KPIs

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LTMLast FY202320242025202620272028
G&A Expenses to Revenue2%3%8%7%5%
Opex to Revenue49%48%12%14%33%

Data powered by FactSet, Inc. and Morningstar, Inc.

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PennantPark Floating Rate Competitors

PennantPark Floating Rate competitors include Alpha Investment, Bain Capital Specialty, Barings BDC, Velocity Financial, Heartland Group, Grenke, B2 Impact, Kayne Anderson BDC, ECN Capital and Nuveen Churchill Direct.

Most PennantPark Floating Rate public comparables operate across Specialty Finance.

EV/RevenueEV/EBITDA
Last FYLTM2027ELast FYLTM2027E
Alpha Investment
Bain Capital Specialty8.5x8.7x
Barings BDC8.3x8.6x
Velocity Financial21.5x25.9x
Heartland Group5.3x4.9x28.0x28.0x
Grenke4.8x6.8x38.6x38.1x
B2 Impact4.1x4.1x10.5x10.1x
Kayne Anderson BDC8.9x9.3x

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PennantPark Floating Rate M&A Activity

PennantPark Floating Rate has acquired 1 company to date.

Last acquisition by PennantPark Floating Rate was on April 29th 2015. PennantPark Floating Rate acquired MCG Capital for $175M (EV/Revenue multiple of ).

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Latest Acquisitions by PennantPark Floating Rate

MCG Capital
Description
HQ CountryUnited States
HQ City
Deal Date29 Apr 2015
Valuation$175M
EV/Revenue
EV/EBITDA

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PennantPark Floating Rate Investment Activity

PennantPark Floating Rate has invested in 1 company to date.

Latest investment by PennantPark Floating Rate was on June 27th 2022. PennantPark Floating Rate invested in Cartessa Aesthetics in their $60M Undisclosed stage round (EV/Revenue multiple of ).

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Latest Investments by PennantPark Floating Rate

Cartessa Aesthetics
Description
Cartessa Aesthetics is a Phoenix-based distributor of medical aesthetic devices to dermatologists, plastic surgeons, and medical spas across the United States. Product lines include Lutronic lasers for skin resurfacing, InMode radiofrequency systems for body contouring, and Rohrer Aesthetics nitrogen plasma devices. Cartessa provides training and support through regional sales teams.
HQ CountryUnited States
HQ City
New York City, NY
Deal Date27 Jun 2022
RoundUndisclosed stage
Raised$60M
InvestorsCopley Equity Partners; PennantPark Floating Rate
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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About PennantPark Floating Rate

When was PennantPark Floating Rate founded?PennantPark Floating Rate was founded in 2010.
Where is PennantPark Floating Rate headquartered?PennantPark Floating Rate is headquartered in United States.
How many employees does PennantPark Floating Rate have?As of today, PennantPark Floating Rate has over 0 employees.
Who is the CEO of PennantPark Floating Rate?PennantPark Floating Rate's CEO is Arthur H. Penn.
Is PennantPark Floating Rate publicly listed?Yes, PennantPark Floating Rate is a public company listed on NYSE.
What is the stock symbol of PennantPark Floating Rate?PennantPark Floating Rate trades under PFLT ticker.
When did PennantPark Floating Rate go public?PennantPark Floating Rate went public in 2011.
Who are competitors of PennantPark Floating Rate?PennantPark Floating Rate main competitors include Alpha Investment, Bain Capital Specialty, Barings BDC, Velocity Financial, Heartland Group, Grenke, B2 Impact, Kayne Anderson BDC, ECN Capital, Nuveen Churchill Direct.
What is the current market cap of PennantPark Floating Rate?PennantPark Floating Rate's current market cap is $805M.
What is the current revenue of PennantPark Floating Rate?PennantPark Floating Rate's last 12 months revenue is $269M.
What is the current revenue growth of PennantPark Floating Rate?PennantPark Floating Rate revenue growth (NTM/LTM) is 2%.
What is the current EV/Revenue multiple of PennantPark Floating Rate?Current revenue multiple of PennantPark Floating Rate is 9.2x.
Is PennantPark Floating Rate profitable?Yes, PennantPark Floating Rate is net-income-positive (as of the last 12 months).
What is the current net income of PennantPark Floating Rate?PennantPark Floating Rate's last 12 months net income is $80M.
How many companies PennantPark Floating Rate has acquired to date?As of May 2026, PennantPark Floating Rate has acquired 1 company.
What was the largest acquisition by PennantPark Floating Rate?$175M acquisition of MCG Capital on 29th April 2015 was the largest M&A PennantPark Floating Rate has done to date.
What companies PennantPark Floating Rate acquired?PennantPark Floating Rate acquired MCG Capital.
In how many companies PennantPark Floating Rate has invested to date?As of May 2026, PennantPark Floating Rate has invested in 1 company.
What was the last PennantPark Floating Rate investment?On 27th June 2022 PennantPark Floating Rate invested in Cartessa Aesthetics, participating in a $60M Undisclosed stage round, alongside Copley Equity Partners.
In what companies PennantPark Floating Rate invested in?PennantPark Floating Rate invested in Cartessa Aesthetics.

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