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BlackRock TCP CapitalTCPC -2.86%24 EV-to-OCF is 2.74 as of Aug. 14, 2026, which is 70% below its 10-year median of 9.10. GuruFocus rates TCPC with a GF Score™ of 24/100. Among 1,502 Asset Management companies, BlackRock TCP Capital ranks better than 57.06% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, BlackRock TCP Capital's Enterprise Value is $1,095.36 Mil.
BlackRock TCP Capital's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was $399.71 Mil. Therefore, BlackRock TCP Capital's EV-to-OCF for today is 2.74.
The historical rank and industry rank for BlackRock TCP Capital's EV-to-OCF or its related term are showing as below:
TCPC'
s EV-to-OCF Range Over the Past 10 Years
Min: -87.58 Med: 9.1 Max: 365.75
Current: 2.74
During the past 13 years, the highest EV-to-OCF of BlackRock TCP Capital was 365.75. The lowest was -87.58. And the median was 9.10.
TCPC's EV-to-OCF is ranked better than 57.06% of 1502
companies
in the Asset Management industry
Industry Median: 5.86
vs TCPC: 2.74
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
BlackRock TCP Capital (NAS:TCPC) EV-to-OCF Explanation
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
BlackRock TCP Capital's PE Ratio (TTM) for today is calculated as:
BlackRock TCP Capital's share price for today is $4.08.
BlackRock TCP Capital's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.280.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
* 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, BlackRock TCP Capital's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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.
BlackRock TCP Capital EV-to-OCF vs Asset Management Industry
For the Asset Management industry and Financial Services sector, BlackRock TCP Capital's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where BlackRock TCP Capital's EV-to-OCF falls into.
BlackRock TCP Capital's current Enterprise Value is $1,095.36 Mil.
BlackRock TCP Capital's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $399.71 Mil.
* 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.
BlackRock TCP Capital (TCPC) has a EV-to-OCF of 2.74 as of Aug. 14, 2026. This is 70% below median its historical median of 9.10. According to the industry distribution chart, BlackRock TCP Capital ranks #645 out of 1502 companies in the Asset Management industry, placing it in the top 42.9%.
Is BlackRock TCP Capital's EV-to-OCF too high?
BlackRock TCP Capital's current EV-to-OCF of 2.74 is 70% below median its 10-year median of 9.10. The Asset Management industry median EV-to-OCF is 5.86. BlackRock TCP Capital's value of 2.74 is 53.2% below this industry median. Based on the distribution chart, BlackRock TCP Capital ranks #645 out of 1502 companies in the Asset Management industry, which is above the industry midpoint. Overall, BlackRock TCP Capital has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does BlackRock TCP Capital's EV-to-OCF compare to EOT and XFLT?
According to the Asset Management industry distribution chart, BlackRock TCP Capital ranks #645 out of 1502 companies for EV-to-OCF. This puts BlackRock TCP Capital in the upper half of its industry. The industry median EV-to-OCF is 5.86. BlackRock TCP Capital's value of 2.74 is 53.2% below this benchmark. While the company's 10-year median is 9.10 vs. the industry median of 5.86, BlackRock TCP Capital has consistently been below 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 EV-to-OCF for an Asset Management company?
The median EV-to-OCF among Asset Management companies is 5.86, based on 1,502 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. BlackRock TCP Capital's current EV-to-OCF of 2.74 is 53.2% below 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 EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Asset Management industry, the median EV-to-OCF is 5.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BlackRock TCP Capital's current EV-to-OCF is 2.74, which is 70% below median its own 10-year median of 9.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BlackRock TCP Capital stock overvalued right now?
BlackRock TCP Capital (TCPC) has a current EV-to-OCF of 2.74. The current EV-to-OCF is 2.74, which is 70% below median its 10-year median of 9.10 and 53.2% below the Asset Management industry median of 5.86. BlackRock TCP Capital's overall GF Score™ is 24/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For BlackRock TCP Capital (TCPC), the current EV-to-OCF is 2.74 as of Aug. 14, 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.
BlackRock TCP Capital Corp is an externally-managed specialty finance company focused on middle-market lending. Its investment objective is to achieve high total returns through current income and capital appreciation, with an emphasis on principal protection. It seeks to achieve its investment objective through investments in debt securities of middle-market companies. The group generates returns through a combination of the receipt of contractual interest payments on debt investments and origination and similar fees, and, to a lesser extent, equity appreciation through options, warrants, conversion rights, or direct equity investments.
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