BlackRock TCP Capital (STU:8TC) PB Ratio: 0.63 (As of Aug. 14, 2026) — 34% Below Median

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STU:8TC BlackRock TCP Capital Corp STU:8TC
29 GF Score
Price €3.62
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What is BlackRock TCP Capital PB Ratio?

BlackRock TCP Capital STU:8TC +4.93% 29 PB Ratio is 0.63 as of Aug. 14, 2026, which is 34% below its 10-year median of 0.96. GuruFocus rates STU:8TC with a GF Score™ of 29/100. Among 1,597 Asset Management companies, BlackRock TCP Capital ranks better than 83.53% on this metric.

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-08-14), BlackRock TCP Capital's share price is €3.618. BlackRock TCP Capital's Book Value per Share for the quarter that ended in Jun. 2026 was €5.71. Hence, BlackRock TCP Capital's PB Ratio of today is 0.63.

The historical rank and industry rank for BlackRock TCP Capital's PB Ratio or its related term are showing as below:

STU:8TC' s PB Ratio Range Over the Past 10 Years
Min: 0.44   Med: 0.96   Max: 1.17
Current: 0.64

During the past 13 years, BlackRock TCP Capital's highest PB Ratio was 1.17. The lowest was 0.44. And the median was 0.96.

STU:8TC's PB Ratio is ranked better than
83.53% of 1597 companies
in the Asset Management industry
Industry Median: 0.96 vs STU:8TC: 0.64

During the past 12 months, BlackRock TCP Capital's average Book Value Per Share Growth Rate was -24.40% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -18.20% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -12.20% per year. During the past 10 years, the average Book Value Per Share Growth Rate was -5.60% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of BlackRock TCP Capital was 10.70% per year. The lowest was -18.20% per year. And the median was -1.10% per year.

Back to Basics: PB Ratio


BlackRock TCP Capital  (STU:8TC) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.


Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.


BlackRock TCP Capital PB Ratio Related Terms


BlackRock TCP Capital PB Ratio Historical Data

* Premium members only.

The historical data trend for BlackRock TCP Capital's PB Ratio 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.

BlackRock TCP Capital PB Ratio Chart

BlackRock TCP Capital Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.94 1.00 0.96 0.93 0.73

BlackRock TCP Capital Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
PB Ratio 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 0.86 0.70 0.73 0.54 0.51

STU:8TC vs EOT, XFLT, TDF: PB Ratio Comparison

For the Asset Management subindustry, BlackRock TCP Capital'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.


BlackRock TCP Capital PB Ratio vs Asset Management Industry

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

* The bar in red indicates where BlackRock TCP Capital's PB Ratio falls into.


STU:8TC
29GF Score
BlackRock TCP Capital Corp STU:8TC
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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BlackRock TCP Capital PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

BlackRock TCP Capital's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Jun. 2026)
=3.618/5.711
=0.63

* 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.

It can also be calculated from the numbers for the whole company:

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

Frequently Asked Questions Learn more about PB Ratio →
What does a PB Ratio of 0.63 mean?
BlackRock TCP Capital (STU:8TC) has a PB Ratio of 0.63 as of Aug. 14, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on BlackRock TCP Capital and its competitors. This is 34% below median its historical median of 0.96. Over the past decade, BlackRock TCP Capital's PB Ratio has ranged from 0.44 to 1.17. According to the industry distribution chart, BlackRock TCP Capital ranks #263 out of 1597 companies in the Asset Management industry, placing it in the top 16.5%.
Is BlackRock TCP Capital's PB Ratio too high?
BlackRock TCP Capital's current PB Ratio of 0.63 is 34% below median its 10-year median of 0.96. Over the past 10 years, this metric has ranged from a low of 0.44 to a high of 1.17. The Asset Management industry median PB Ratio is 0.96. BlackRock TCP Capital's value of 0.63 is 34.4% below this industry median. Based on the distribution chart, BlackRock TCP Capital ranks #263 out of 1597 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, BlackRock TCP Capital has a GF Score™ of 29/100, reflecting its overall financial health beyond just this single metric.
How does BlackRock TCP Capital's PB Ratio compare to EOT and XFLT?
According to the Asset Management industry distribution chart, BlackRock TCP Capital ranks #263 out of 1597 companies for PB Ratio. This places BlackRock TCP Capital in the top 17% of its industry — outperforming the majority of peers. The industry median PB Ratio is 0.96. BlackRock TCP Capital's value of 0.63 is 34.4% below this benchmark. Historically, BlackRock TCP Capital's own PB Ratio has ranged from 0.44 to 1.17 over the past decade. While the company's 10-year median is 0.96 vs. the industry median of 0.96, 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 PB Ratio for an Asset Management company?
The median PB Ratio among Asset Management companies is 0.96, based on 1,597 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. BlackRock TCP Capital's current PB Ratio of 0.63 is 34.4% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on BlackRock TCP Capital and its competitors. For the Asset Management industry, the median PB Ratio is 0.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BlackRock TCP Capital's current PB Ratio is 0.63, which is 34% below median its own 10-year median of 0.96. 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 (STU:8TC) has a current PB Ratio of 0.63. The current PB Ratio is 0.63, which is 34% below median its 10-year median of 0.96 and 34.4% below the Asset Management industry median of 0.96. BlackRock TCP Capital's overall GF Score™ is 29/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For BlackRock TCP Capital (STU:8TC), the current PB Ratio is 0.63 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 Business Description

Other Exchanges TCPC:USA8TC:Germany
Address 2951 28th Street, Suite 1000, Santa Monica, CA, USA, 90405
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.
29GF Score

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