SAR (Saratoga Investment) Book Value per Share: $23.23 (As of May. 2026)

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SAR Saratoga Investment Corp SAR
45 GF Score
Price $18.80
GF Value $13.55
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Saratoga Investment Book Value per Share?

Saratoga Investment SAR 45 Book Value per Share is $23.23 as of May. 2026. GuruFocus rates SAR with a GF Score™ of 45/100 and a GF Value™ of $13.55 (Significantly Overvalued). The stock has 7 warning signs investors should review.

Saratoga Investment's book value per share for the quarter that ended in May. 2026 was $23.23.

During the past 12 months, Saratoga Investment's average Book Value Per Share Growth Rate was -9.00% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -5.80% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -2.80% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 2.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the book value growth rate using book value per share data.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Saratoga Investment was 7.50% per year. The lowest was -39.40% per year. And the median was -0.75% per year.

Saratoga Investment's current price is $18.80. Its book value per share for the quarter that ended in May. 2026 was $23.23. Hence, today's PB Ratio of Saratoga Investment is 0.81.

During the past 13 years, the highest P/B Ratio of Saratoga Investment was 1.20. The lowest was 0.35. And the median was 0.92.


Saratoga Investment  (NYSE:SAR) Book Value per Share Explanation

Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.

For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.


Saratoga Investment Book Value per Share Related Terms


Saratoga Investment Book Value per Share Historical Data

* Premium members only.

The historical data trend for Saratoga Investment's Book Value per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Saratoga Investment Book Value per Share Chart

Saratoga Investment Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Book Value per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 29.33 29.18 27.12 25.86 24.42

Saratoga Investment Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
Book Value per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 25.52 25.61 25.59 24.42 23.23

SAR vs RIV, TEI, EFR: Book Value per Share Comparison

For the Asset Management subindustry, Saratoga Investment's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Saratoga Investment PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Saratoga Investment's PB Ratio distribution charts can be found below:

* The bar in red indicates where Saratoga Investment's PB Ratio falls into.


SAR
45GF Score
Saratoga Investment Corp SAR
Book Value per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Saratoga Investment Book Value per Share Calculation

Saratoga Investment's Book Value Per Share for the fiscal year that ended in Feb. 2026 is calculated as:

Book Value Per Share=(Total Stockholders Equity-Preferred Stock)/Shares Outstanding (EOP)
=(396.16-0.00)/16.22
=24.42

Saratoga Investment's Book Value Per Share for the quarter that ended in May. 2026 is calculated as:

Book Value Per Share=(Total Stockholders Equity-Preferred Stock)/Shares Outstanding (EOP)
=(378.46-0.00)/16.29
=23.23

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Theoretically it is what the shareholders will receive if the company is liquidated. Total Stockholders Equity is a balance sheet item and equal to Total Assets less Total Liabilities of the company.

Book value may include intangible items which may come from the company's past acquisitions. Book value less intangibles is called Tangible Book.

Frequently Asked Questions Learn more about Book Value per Share →
What does a Book Value per Share of $23.23 mean?
Saratoga Investment (SAR) has a Book Value per Share of $23.23 as of May. 2026. Book value per share gives the per-share value of a company's stockholder equity. View historical data on Saratoga Investment and its competitors.
Is Saratoga Investment's Book Value per Share too high?
Saratoga Investment's current Book Value per Share is $23.23. Overall, Saratoga Investment has a GF Score™ of 45/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Saratoga Investment's Book Value per Share compare to RIV and TEI?
Saratoga Investment's Book Value per Share of $23.23 can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Book Value per Share for an Asset Management company?
A good Book Value per Share depends on the Asset Management industry context. However, Book Value per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Book Value per Share mean?
A high Book Value per Share can signal that a stock is expensive relative to its fundamentals. Book value per share gives the per-share value of a company's stockholder equity. View historical data on Saratoga Investment and its competitors. Saratoga Investment's current Book Value per Share is $23.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Saratoga Investment stock overvalued right now?
Based on GuruFocus' analysis, Saratoga Investment (SAR) is currently considered Significantly Overvalued. The stock's GF Value™ is $13.55, compared to a current price of $18.80 — trading 38.7% above its estimated fair value. The current Book Value per Share is $23.23. Saratoga Investment's overall GF Score™ is 45/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Book Value per Share calculated?
Book Value per Share is calculated from a company's financial statements. For Saratoga Investment (SAR), the current Book Value per Share is $23.23 as of May. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Saratoga Investment (SAR) Overvalued in 2026?

Based on GuruFocus' analysis, Saratoga Investment stock appears to be overvalued. The current stock price of $18.80 is trading 38.7% above its estimated GF Value™ of $13.55. GuruFocus considers Saratoga Investment to be Significantly Overvalued.

Key valuation signals for SAR:

  • Book Value per Share: $23.23
  • GF Value™: $13.55 vs. price of $18.80 (38.7% above fair value)
  • GF Score™: 45/100 with 7 warning signs

No single metric tells the full story. See the SAR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Saratoga Investment Business Description

Other Exchanges QJ8:Germany
Address 535 Madison Avenue, 4th Floor, New York, NY, USA, 10022
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.
45GF Score

Get the complete analysis for SAR

Book Value per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$18.80
Price
$13.55
GF Value