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New Mountain FinanceNMFC +1.81%48 Debt-to-Equity is 1.31 as of Jun. 2026, which is 7% below its 10-year median of 1.41. GuruFocus rates NMFC with a GF Score™ of 48/100 and a GF Value™ of $12.21 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 948 Asset Management companies, New Mountain Finance ranks worse than 88.29% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for New Mountain Finance's Debt-to-Equity or its related term are showing as below:
NMFC'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.74 Med: 1.41 Max: 1.82
Current: 1.31
During the past 13 years, the highest Debt-to-Equity Ratio of New Mountain Finance was 1.82. The lowest was 0.74. And the median was 1.41.
NMFC's Debt-to-Equity is ranked worse than 88.29% of 948
companies
in the Asset Management industry
Industry Median: 0.21
vs NMFC: 1.31
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
New Mountain Finance Debt-to-Equity Related Terms
New Mountain Finance Debt-to-Equity Historical Data
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The historical data trend for New Mountain Finance's Debt-to-Equity 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.
For the Asset Management subindustry, New Mountain Finance's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.
New Mountain Finance Debt-to-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, New Mountain Finance's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where New Mountain Finance's Debt-to-Equity falls into.
* 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.
New Mountain Finance (NMFC) has a Debt-to-Equity of 1.31 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on New Mountain Finance and its competitors. This is near median its historical median of 1.41. Over the past decade, New Mountain Finance's Debt-to-Equity has ranged from 0.74 to 1.82. According to the industry distribution chart, New Mountain Finance ranks #837 out of 948 companies in the Asset Management industry, placing it in the top 88.3%.
Is New Mountain Finance's Debt-to-Equity too high?
New Mountain Finance's current Debt-to-Equity of 1.31 is near median its 10-year median of 1.41. Over the past 10 years, this metric has ranged from a low of 0.74 to a high of 1.82. The Asset Management industry median Debt-to-Equity is 0.21. New Mountain Finance's value of 1.31 is 523.8% above this industry median. Based on the distribution chart, New Mountain Finance ranks #837 out of 948 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, New Mountain Finance has a GF Score™ of 48/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does New Mountain Finance's Debt-to-Equity compare to BHK and NKX?
According to the Asset Management industry distribution chart, New Mountain Finance ranks #837 out of 948 companies for Debt-to-Equity. This places New Mountain Finance in the lower half of its industry. The industry median Debt-to-Equity is 0.21. New Mountain Finance's value of 1.31 is 523.8% above this benchmark. Historically, New Mountain Finance's own Debt-to-Equity has ranged from 0.74 to 1.82 over the past decade. While the company's 10-year median is 1.41 vs. the industry median of 0.21, New Mountain Finance has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for an Asset Management company?
The median Debt-to-Equity among Asset Management companies is 0.21, based on 948 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. New Mountain Finance's current Debt-to-Equity of 1.31 is 523.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on New Mountain Finance and its competitors. For the Asset Management industry, the median Debt-to-Equity is 0.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. New Mountain Finance's current Debt-to-Equity is 1.31, which is near median its own 10-year median of 1.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New Mountain Finance stock overvalued right now?
Based on GuruFocus' analysis, New Mountain Finance (NMFC) is currently considered Possible Value Trap. The stock's GF Value™ is $12.21, compared to a current price of $7.58 — trading 37.9% below its estimated fair value. The current Debt-to-Equity is 1.31, which is near median its 10-year median of 1.41 and 523.8% above the Asset Management industry median of 0.21. New Mountain Finance's overall GF Score™ is 48/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For New Mountain Finance (NMFC), the current Debt-to-Equity is 1.31 as of Jun. 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 New Mountain Finance (NMFC) Overvalued in 2026?
Based on GuruFocus' analysis, New Mountain Finance stock appears to be undervalued.
The current stock price of $7.58 is trading 37.9% below its estimated GF Value™ of $12.21.
GuruFocus considers New Mountain Finance to be Possible Value Trap.
Key valuation signals for NMFC:
Debt-to-Equity: 1.31 (near median its 10-year median of 1.41)
GF Value™: $12.21 vs. price of $7.58 (37.9% below fair value)
Industry Position: 523.8% above the Asset Management median (#837 of 948)
No single metric tells the full story. See the NMFC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
New Mountain Finance Corp is a closed-end, non-diversified management investment company. It invests in equity interests such as preferred stock, common stock, warrants, or options received in connection with debt investments or may include direct investment in the equity of private companies. The company's investment objective is to generate current income and capital appreciation through sourcing and origination of debt securities at all levels of the capital structure, including first and second-lien debt, notes, bonds and mezzanine securities.
48GF Score
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