MidCap Financial InvestmentMFIC -0.76%31 EV-to-FCF is 10.50 as of Jun. 24, 2026, which is 80% above its 10-year median of 5.83. GuruFocus rates MFIC with a GF Score™ of 31/100 and a GF Value™ of $2.12 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 940 Asset Management companies, MidCap Financial Investment ranks better than 63.72% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, MidCap Financial Investment's Enterprise Value is $2,634.95 Mil.
MidCap Financial Investment's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $250.95 Mil. Therefore, MidCap Financial Investment's EV-to-FCF for today is 10.50.
The historical rank and industry rank for MidCap Financial Investment's EV-to-FCF or its related term are showing as below:
MFIC'
s EV-to-FCF Range Over the Past 10 Years
Min: -2291.36 Med: 5.83 Max: 207.22
Current: 10.5
During the past 13 years, the highest EV-to-FCF of MidCap Financial Investment was 207.22. The lowest was -2291.36. And the median was 5.83.
MFIC's EV-to-FCF is ranked better than 63.72% of 940
companies
in the Asset Management industry
Industry Median: 14.685
vs MFIC: 10.50
EV-to-FCF 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.
EV-to-FCF 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.
MidCap Financial Investment's PE Ratio (TTM) for today is calculated as:
MidCap Financial Investment's share price for today is $9.80.
MidCap Financial Investment's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.040.
* 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. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
MidCap Financial Investment EV-to-FCF Related Terms
MidCap Financial Investment EV-to-FCF Historical Data
* 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, MidCap Financial Investment's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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.
MidCap Financial Investment EV-to-FCF vs Asset Management Industry
For the Asset Management industry and Financial Services sector, MidCap Financial Investment's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where MidCap Financial Investment's EV-to-FCF falls into.
MidCap Financial Investment's current Enterprise Value is $2,634.95 Mil.
MidCap Financial Investment's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $250.95 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.
MidCap Financial Investment (MFIC) has a EV-to-FCF of 10.50 as of Jun. 24, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on MidCap Financial Investment and its competitors. This is 80% above median its historical median of 5.83. According to the industry distribution chart, MidCap Financial Investment ranks #341 out of 940 companies in the Asset Management industry, placing it in the top 36.3%.
Is MidCap Financial Investment's EV-to-FCF too high?
MidCap Financial Investment's current EV-to-FCF of 10.50 is 80% above median its 10-year median of 5.83. The Asset Management industry median EV-to-FCF is 14.69. MidCap Financial Investment's value of 10.50 is 28.5% below this industry median. Based on the distribution chart, MidCap Financial Investment ranks #341 out of 940 companies in the Asset Management industry, which is above the industry midpoint. Overall, MidCap Financial Investment has a GF Score™ of 31/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MidCap Financial Investment's EV-to-FCF compare to AWF and RPC?
According to the Asset Management industry distribution chart, MidCap Financial Investment ranks #341 out of 940 companies for EV-to-FCF. This puts MidCap Financial Investment in the upper half of its industry. The industry median EV-to-FCF is 14.69. MidCap Financial Investment's value of 10.50 is 28.5% below this benchmark. While the company's 10-year median is 5.83 vs. the industry median of 14.69, MidCap Financial Investment 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-FCF for an Asset Management company?
The median EV-to-FCF among Asset Management companies is 14.69, based on 940 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MidCap Financial Investment's current EV-to-FCF of 10.50 is 28.5% 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-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on MidCap Financial Investment and its competitors. For the Asset Management industry, the median EV-to-FCF is 14.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MidCap Financial Investment's current EV-to-FCF is 10.50, which is 80% above median its own 10-year median of 5.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MidCap Financial Investment stock overvalued right now?
Based on GuruFocus' analysis, MidCap Financial Investment (MFIC) is currently considered Significantly Overvalued. The stock's GF Value™ is $2.12, compared to a current price of $9.80 — trading 362.3% above its estimated fair value. The current EV-to-FCF is 10.50, which is 80% above median its 10-year median of 5.83 and 28.5% below the Asset Management industry median of 14.69. MidCap Financial Investment's overall GF Score™ is 31/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For MidCap Financial Investment (MFIC), the current EV-to-FCF is 10.50 as of Jun. 24, 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 MidCap Financial Investment (MFIC) Overvalued in 2026?
Based on GuruFocus' analysis, MidCap Financial Investment stock appears to be overvalued.
The current stock price of $9.80 is trading 362.3% above its estimated GF Value™ of $2.12.
GuruFocus considers MidCap Financial Investment to be Significantly Overvalued.
Key valuation signals for MFIC:
EV-to-FCF: 10.50 (80% above median its 10-year median of 5.83)
GF Value™: $2.12 vs. price of $9.80 (362.3% above fair value)
Industry Position: 28.5% below the Asset Management median (#341 of 940)
No single metric tells the full story. See the MFIC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MidCap Financial Investment Corp is an externally managed, publicly traded, closed-end, diversified management investment company. The investment objective of the company is to generate current income and, to a lesser extent, long-term capital appreciation. It predominantly invests in directly originated and privately negotiated first lien senior secured loans to privately held U.S. middle-market companies, and in other types of securities including, first lien unitranche, second lien senior secured, unsecured, subordinated, and mezzanine loans, and equities in both private and public middle market companies.
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