Gladstone Investment Corporation (GAING) stock analysis
Close on Nov 3, 2026Market cap $995.15MP/E 5.3Yield 6.00%
StockData Score
Prices as of Nov 3, 2026How the score works
Solid15 of 30 checks passed
Gladstone Investment passes 15 of the 30 checks behind our score; 13 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.
- Valuation
- 3/6
- Growth
- 1/6
- Past performance
- 3/6
- Financial health
- 4/6
- Dividend
- 4/6
What stands out
Return on equity over 15%
Return on equity was 32.6% over the last twelve months and averaged 19.2% over five years.
No debt
Gladstone Investment has no borrowings on its latest balance sheet.
Earnings grew over 5 years
Net income grew 34.2% a year on average over the last five fiscal years.
Earnings growth accelerating
Net income grew 183% over the last twelve months, against a 5-year average of 34.2% a year.
What to watch
Elevated bankruptcy risk
The Altman Z-score is 0.72; above 3 is the safe zone and below 1.8 the distress zone.
Dividend was cut
The dividend per share fell by more than 10% at least once in the last 6 fiscal years.
Valuation3/6
P/E below its 5-year median
Gladstone Investment's P/E of 3.2 is below its own 5-year median of 11.9.
P/E below the industry
Gladstone Investment's P/E of 3.2 is below the US market median of 19.7.
EV/EBITDA against its history
Needs positive EBITDA and price history.
P/B below the industry
Gladstone Investment's price-to-book of 0.93 is below the US market median of 1.93.
Price against fair value
We could not estimate a fair value: it needs at least two valuation methods with positive inputs.
Margin of safety
Depends on the fair value estimate.
Growth1/6
Revenue growth over 3 years
Needs three years of positive revenue.
EPS growth over 3 years
Needs positive EPS three years ago and today.
Earnings growth accelerating
Net income grew 183% over the last twelve months, against a 5-year average of 34.2% a year.
Growth against the industry
Needs revenue for this year and last.
Company guidance
No outlook found in earnings releases from the last twelve months.
Gross margin trend
This company does not report gross profit.
Past performance3/6
Return on equity over 15%
Return on equity was 32.6% over the last twelve months and averaged 19.2% over five years.
Return on invested capital
Needs operating income and invested capital.
Return on equity above the industry
Gladstone Investment's return on equity of 32.6% is above the US market median of 3.2%.
Earnings grew over 5 years
Net income grew 34.2% a year on average over the last five fiscal years.
Net margin against its history
Needs five years of revenue and net income.
Net margin against the industry
Needs revenue and net income.
Financial health4/6
No debt
Gladstone Investment has no borrowings on its latest balance sheet.
Debt not rising
With no debt today, leverage cannot have risen.
Debt covered by cash flow
There is no debt to cover.
Interest well covered
No meaningful interest expense to cover.
Short-term liquidity
The balance sheet is not split into current and non-current items.
Elevated bankruptcy risk
The Altman Z-score is 0.72; above 3 is the safe zone and below 1.8 the distress zone.
Dividend4/6
Pays a dividend
Gladstone Investment paid dividends worth 6.4% of the share price over the last twelve months.
Yield above Treasuries
The 6.4% yield is above the 4.4% on a 1-year Treasury.
Yield in the top quarter
The top quarter of US dividend payers yield 3.9% or more; Gladstone Investment yields 6.4%.
Dividend was cut
The dividend per share fell by more than 10% at least once in the last 6 fiscal years.
Covered by earnings
Dividends take 30.9% of net income.
Cash-flow cover
Needs dividends paid and free cash flow.
Fair value
How we estimate itWe don't publish a fair value for Gladstone Investment. It needs a US-dollar share price, at least two valuation methods with positive inputs (earnings, EBITDA, book value or sales) and, for companies with several share classes, classes that trade at the same price.
Valuation over time
Using the earnings and balance sheet published at each date, not today's.
- P/E at month end
- Own 5-year median 11.9
- US market median 19.7
An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.
Market risk
From the past year of daily prices.
Liquidity
Medium risk
- Average value traded per day
- $2.22M
- Value traded per 1% price move
- $3.29M
Downside
Low risk
- Typical loss in a bad month
- 8.1%
- Volatility (annualized)
- 20%
- Sharpe ratio, 1 year
- 0.24
- Beta to the S&P 500 (5Y)
- 0.72
Typical bad-month loss, week by week
Margins need revenue and profit figures
This company does not report the lines needed to calculate margins.
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Net income | +182.8% | +73.2% | +34.2% | – | |
| Dividend per share | -9.6% | +2.1% | +10.0% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | – | 11.3% | 31.7% | |
| Return on assets | – | – | 15.9% | |
| Diluted shares | 30M | 33M | 39M |
Cash use needs five years of cash flow figures
Gladstone Investment does not report operating cash flow and capital expenditure for each of the last five fiscal years.
DuPont needs revenue, assets and equity
This company does not report all three for consecutive years.
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
- ProfitableNet income above zero$184.75M
- Cash generatingOperating cash flow above zero-$101.61M
- Return on assets improvedROA up on the prior year7.0% → 18.4%
- Earnings backed by cashOperating cash flow above net income-$101.61M vs $184.75M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise37M → 39M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose– → –
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