Valuation dashboard for Main Street Capital Corporation (MAIN) with P/E 11.14, P/B 1.60, EV/EBITDA 16.6 and dividend yield 7.84%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Financial Services companies.
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.
What would it be worth at its usual multiples?
Versus its usual multiples: fairly priced · Current P/E 11.1× · Multiples range: $61.60 · $64.03.
At the decade median (12.4×) $62 (+11 %); at its sector median (12.9×) $64 (+16 %). 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×.
Analysis Summary
Main Street Capital Corporation reported revenue of $644.5M in the most recent fiscal year, growing at a 5-year CAGR of 45.0%. Net income reached $493.4M, with a 75.8% 5-year CAGR.
Trailing-twelve-month margins: gross margin 85.3%, operating margin 64.7%, net margin 64.5%.
At $55.26 (closing price, October 30, 2026), MAIN trades at a P/E of 11.14 and an ROE of 14.81%. Market capitalisation stands at $5.2B.
Balance sheet quality for MAIN: debt-to-equity ratio of 0.80, current ratio of 0.94 over the last 12 months. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.
Valuation Ratios
| P/E Ratio | 11.14 |
| Price / Book | 1.60 |
| EV / EBITDA | 16.6 |
| Dividend Yield | 7.84% |
Peer Comparison
| Symbol | Company | Market Cap | P/E | P/B | ROE |
|---|---|---|---|---|---|
| MAIN | Main Street Capital Corporation | $5.2B | 11.14 | 1.60 | 14.8% |
| ARCC | Ares Capital Corporation | $13.8B | 15.66 | 0.99 | 6.2% |
| FSK | FS KKR Capital Corp. | $3.0B | 0.59 | -6.7% | |
| HTGC | Hercules Capital, Inc. | $3.1B | 9.02 | 1.33 | 15.8% |
| BLK | BlackRock, Inc. | $177.7B | 26.09 | 2.75 | 11.8% |
| 0QZZ.L | BlackRock, Inc. | $176.6B | 25.09 | 3.00 | 12.2% |
| BX | Blackstone Inc. | $136.4B | 26.16 | 10.72 | 40.8% |
| BN.TO | Brookfield Corporation | CAD 122.5B | 69.97 | 2.00 | 3.0% |
Price
| Price | $55.26 (closing price, October 30, 2026) |
| Market Cap | $5.2B |
| Exchange | NYSE |
| Country | US |
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% |
Related companies: ARCC · FSK · HTGC · BLK · 0QZZ.L · BX · BN.TO · BAM.TO
Explore sector: Financial Services · Asset Management
More sections of MAIN: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events
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