PennantPark Floating Rate Capital (PennantPark Floating Rate Capital) GF Value Rank : 8 (As of Apr. 29, 2024)

View and export this data going back to 2011. Start your Free Trial

What is PennantPark Floating Rate Capital GF Value Rank?

PennantPark Floating Rate Capital has the GF Value Rank of 8.

The GF Value Rank is determined by the price-to-GF-Value (P/GF Value) ratio, a proprietary metric calculated based on historical multiples along with an adjustment factor based on a company's past returns and growth and future estimates of the business' performance.

GuruFocus found that for valuation, we cannot simply give stocks a better GF Value rank simply because they have a lower P/GF Value ratio. Backtesting shows that over the long term, the two worst-performing groups are the most expensive group (with the highest P/GF Value ratio) and the least expensive group (with the lowest P/GF Value ratio).

We can understand why the most expensive group underperforms. We were initially puzzled by the underperformance of the least expensive group, but we realized there is a reason why some stocks are super cheap. If they look too undervalued, it is often because the businesses behind them are poor quality. The market realized this and gave them low valuations. In a way, the market is efficient.

After multiple backtesting analyses, we granted the stocks in third-cheapest percentile the highest GF Value rank, as they have performed the best over a full market cycle. Stock performance is actually not as sensitive to valuation as it is to growth and profitability. On average, the companies in the 20%-50% valuation groups have similar performances. Therefore, we should avoid the most expensive and the least expensive stocks. We can be more tolerant of valuation.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of PennantPark Floating Rate Capital's GF Value Rank

For the Asset Management subindustry, PennantPark Floating Rate Capital's GF Value Rank, along with its competitors' market caps and GF Value Rank 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.

PennantPark Floating Rate Capital's GF Value Rank Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, PennantPark Floating Rate Capital's GF Value Rank distribution charts can be found below:

* The bar in red indicates where PennantPark Floating Rate Capital's GF Value Rank falls into.

PennantPark Floating Rate Capital GF Value Rank Related Terms

Thank you for viewing the detailed overview of PennantPark Floating Rate Capital's GF Value Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

PennantPark Floating Rate Capital (PennantPark Floating Rate Capital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » PennantPark Floating Rate Capital Ltd (NYSE:PFLT) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

PFLT:Israel 22P:Germany

Address

1691 Michigan Avenue, Miami, FL, USA, 33139

Website

https://www.pennantpark.com

PennantPark Floating Rate Capital Ltd is a closed-end, externally managed, non-diversified investment company. Its investment objectives are to generate current income and capital appreciation by investing in Floating Rate Loans and other investments made to U.S. middle-market companies. The company believes that Floating Rate Loans to U.S. middle-market companies offer attractive risk-reward to investors due to the limited amount of capital available for such companies and the potential for rising interest rates. The company generate revenue in the form of interest income on the debt securities and dividends.

Executives

Allorto Richard T Jr	officer: CFO and Treasurer	C/O PENNANTPARK INVESTMENT CORPORATION, 1350 AVENUE OF THE AMERICAS, NEW YORK NY 10019
Jose A Briones	director	55 PLEASANTVILLE ROAD, NEW VERNON NJ 07976
Richard Cheung	officer: See Remarks	C/O CAREY CREDIT INCOME FUND, 330 MADISON AVENUE, NEW YORK NY 10017
Samuel L Katz	director	9 WEST 57TH ST, NEW YORK NY 10019
Adam K Bernstein	director	C/O PENNANTPARK INVESTMENT CORPORATION, 445 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10022
Aviv Efrat	officer: CFO	C/O PENNANTPARK INVESTMENT CORPORATION, 445 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10022
Arthur H Penn	director, officer: Chairman and CEO, other: Investment Adviser
Jeffrey Flug	director	C/O PENNANTPARK INVESTMENT CORPORATION, 445 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10022
Marshall Brozost	director	C/O PENNANTPARK INVESTMENT CORPORATION, 445 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10022