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Saratoga Investment Valuation Multiples
Discover revenue and EBITDA valuation multiples for Saratoga Investment and similar public comparables like Onity Group, BFF Bank, CION Invt, Palmer Square Capital BDC and more.
Saratoga Investment Overview
About Saratoga Investment
Saratoga Investment Corp is a specialty finance company that provides customized financing solutions to U.S. middle-market businesses. The Company invests in senior and unitranche leveraged loans and mezzanine debt, and, to a lesser extent, equity to provide financing for change of ownership transactions, strategic acquisitions, recapitalizations and growth initiatives in partnership with business owners, management teams and financial sponsors. Its objective is to create attractive risk-adjusted returns by generating current income and long-term capital appreciation from its debt and equity investments.
Founded
2007
HQ

Employees
0
Website
Sectors
Financials (LTM)
EV
$1B
Saratoga Investment Financials
Saratoga Investment reported last 12-month revenue of $125M.
In the same LTM period, Saratoga Investment generated $45M in net income.
Revenue (LTM)
Saratoga Investment P&L
In the most recent fiscal year, Saratoga Investment reported revenue of $149M and net income of $28M.
Saratoga Investment expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $125M | XXX | $149M | XXX | XXX | XXX |
| Net Profit | $45M | XXX | $28M | XXX | XXX | XXX |
| Net Margin | 36% | XXX | 19% | XXX | XXX | XXX |
| Net Debt | — | — | $634M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Saratoga Investment Stock Performance
Saratoga Investment has current market cap of $362M, and enterprise value of $1B.
Market Cap Evolution
Saratoga Investment's stock price is $22.29.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $1B | $362M | 1.2% | XXX | XXX | XXX | $1.73 |
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Saratoga Investment trades at 9.0x EV/Revenue multiple.
EV / Revenue (LTM)
Saratoga Investment Financial Valuation Multiples
As of April 11, 2026, Saratoga Investment has market cap of $362M and EV of $1B.
Equity research analysts estimate Saratoga Investment's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Saratoga Investment has a P/E ratio of 8.1x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $362M | XXX | $362M | XXX | XXX | XXX |
| EV (current) | $1B | XXX | $1B | XXX | XXX | XXX |
| EV/Revenue | 9.0x | XXX | 7.6x | XXX | XXX | XXX |
| P/E | 8.1x | XXX | 12.9x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 5.7x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Saratoga Investment Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Saratoga Investment Margins & Growth Rates
Saratoga Investment's revenue in the last 12 month declined by (2%).
Saratoga Investment Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | (2%) | XXX | (16%) | XXX | XXX | XXX |
| G&A Expenses to Revenue | 2% | XXX | 6% | XXX | XXX | XXX |
| Opex to Revenue | 60% | XXX | 52% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Saratoga Investment Public Comps
See public comps and valuation multiples for other Specialty Finance comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Onity Group | XXX | XXX | XXX | XXX | XXX | XXX |
| BFF Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| CION Invt | XXX | XXX | XXX | XXX | XXX | XXX |
| Palmer Square Capital BDC | XXX | XXX | XXX | XXX | XXX | XXX |
| Generalfinance | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Saratoga Investment M&A Activity
Saratoga Investment acquired XXX companies to date.
Last acquisition by Saratoga Investment was on XXXXXXXX, XXXXX. Saratoga Investment acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Saratoga Investment
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialSaratoga Investment Investment Activity
Saratoga Investment invested in XXX companies to date.
Saratoga Investment made its latest investment on XXXXXXXX, XXXXX. Saratoga Investment invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Saratoga Investment
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Saratoga Investment
| When was Saratoga Investment founded? | Saratoga Investment was founded in 2007. |
| Where is Saratoga Investment headquartered? | Saratoga Investment is headquartered in United States. |
| How many employees does Saratoga Investment have? | As of today, Saratoga Investment has over 0 employees. |
| Who is the CEO of Saratoga Investment? | Saratoga Investment's CEO is Christian L. Oberbeck. |
| Is Saratoga Investment publicly listed? | Yes, Saratoga Investment is a public company listed on NYSE. |
| What is the stock symbol of Saratoga Investment? | Saratoga Investment trades under SAR ticker. |
| When did Saratoga Investment go public? | Saratoga Investment went public in 2007. |
| Who are competitors of Saratoga Investment? | Saratoga Investment main competitors are Onity Group, BFF Bank, CION Invt, Palmer Square Capital BDC. |
| What is the current market cap of Saratoga Investment? | Saratoga Investment's current market cap is $362M. |
| What is the current revenue of Saratoga Investment? | Saratoga Investment's last 12 months revenue is $125M. |
| What is the current revenue growth of Saratoga Investment? | Saratoga Investment revenue growth (NTM/LTM) is (2%). |
| What is the current EV/Revenue multiple of Saratoga Investment? | Current revenue multiple of Saratoga Investment is 9.0x. |
| Is Saratoga Investment profitable? | Yes, Saratoga Investment is net-income-positive (as of the last 12 months). |
| What is the current net income of Saratoga Investment? | Saratoga Investment's last 12 months net income is $45M. |
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