Main Street Capital Corporation (MAIN) is a publicly traded company in the Financial Services — Asset Management industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
Main Street Capital Corporation functions as a Business Development Company (BDC), providing diverse capital solutions across different market segments. Primarily, the firm supplies equity capital to lower middle market companies. These investments support various strategic objectives, including recapitalizations, management buyouts, refinancing, family estate planning, industry consolidation, and growth initiatives for both mature and later-stage emerging businesses.
Is Main Street Capital Corporation stock overvalued or undervalued in 2026?
Main Street Capital Corporation (MAIN) trades at 11.1× earnings (P/E), below the median of the 324 financial services companies over $2bn in Kaplio's universe. At the decade median (12.4×) $62 (+11 %); at its sector median (13.0×) $65 (+17 %). Note: these prices use the last twelve months' earnings, and analysts expect them to fall 22 % in 2027; at this price, its 2027 P/E would be 14.3×.
Kaplio overview: Main Street Capital Corporation
Market cap $5B · 52 weeks $50 – $65 (10 % below the high) · P/E 11.1× · 2027 expected P/E 14.3× · Dividend 7.8 % · 5 years rising · Next earnings November 5, 2026 · expected EPS $0.93 · Closing price, Oct 30 · accounts published Aug 6.
- Valuation: P/E 11.1× (fairly priced).
- Business: ROE 14.8 % (fair).
- Balance sheet: Debt/Equity 0.80 (fragile).
- Earnings: 3 of 8 (disappointing).
Analysts expect earnings per share to fall 22 % in 2027: at this price, its 2027 P/E would be 14.3×.
What would it be worth at its usual multiples?
At the decade median (12.4×) $62 (+11 %); at its sector median (13.0×) $65 (+17 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
Note: these prices use the last twelve months' earnings, and analysts expect them to fall 22 % in 2027; at this price, its 2027 P/E would be 14.3×.
What matters in financial services: 2 of 6 pass
- FCF / Net Income 70.4 %, fails.
- Debt / Equity 0.80, fails.
- P/E vs own 5y 11.1×, fails.
- ROE 14.8 %, borderline.
- 5y revenue growth 36.3 %, passes.
- Operating margin 80.7 %, passes.
Against its peers (reference peers) — Main Street Capital Corporation: P/E 11.1×; EV/EBITDA 16.6×; ROIC 7.2 %; $5.2B. Hercules Capital, Inc. (P/E 9.0×; EV/EBITDA 12.8×; ROIC 9.0 %; $3.1B), Ares Capital Corporation (P/E 15.7×; EV/EBITDA 16.1×; ROIC 4.9 %; $13.8B), Blue Owl Capital Corporation (P/E 18.6×; EV/EBITDA 13.5×; ROIC 3.7 %; $5.2B).
Expensive or cheap against its last ten years?
P/E at each close: today 11.1× · median 12.4× · minimum 6.9× · maximum 18.6× · cheap below 10.7× · expensive above 14.9×. It has been cheaper than today only 35% of the time over its last ten years.
Dividend
tight · Yield 7.8 % ($3.80 per share in 2025) · Years raising it 5 · 5-year growth +12 % a year · Free cash flow coverage 0.6× · With $1,000 invested today you'd collect $78.40 a year ($6.53 a month).
Profitability
| Return on Equity | 14.81% |
| Return on Invested Capital | 7.25% |
| Return on Assets | 7.60% |
| Gross Margin | 85.26% |
| Operating Margin | 64.74% |
| Net Margin | 64.50% |
Financial Health
| Debt / Equity | 0.80 |
| Current Ratio | 0.94 |
| Piotroski F-Score | 4 |
| Altman Z-Score | 1.85 |
Price Performance
| 1 month | +0.27% |
| 3 months | -0.88% |
| Year-to-date | -8.49% |
| 1 year | -2.92% |
| 3 years | +37.50% |
| 5 years | +26.11% |
| 10 years | +71.46% |
Dividend History
Paid in the last 12 months: $4.3300 per share in 16 payments.
| Date | Amount |
|---|---|
| 2026-12-08 | $0.2650 |
| 2026-11-06 | $0.2650 |
| 2026-10-08 | $0.2650 |
| 2026-09-21 | $0.3000 |
| 2026-09-08 | $0.2650 |
| 2026-08-07 | $0.2650 |
| 2026-07-08 | $0.2650 |
| 2026-06-22 | $0.3000 |
| 2026-06-08 | $0.2600 |
| 2026-05-08 | $0.2600 |
Amounts adjusted for stock splits.
Related companies: ARCC · FSK · HTGC · BLK · 0QZZ.L · BX · BN.TO · BAM.TO
Explore sector: Financial Services · Asset Management
More sections of MAIN: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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