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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Saratoga InvestmentFRA:QJ8 -0.63%42 5-Year Yield-on-Cost % is 42.23 as of Aug. 20, 2026, which is 86% above its 10-year median of 22.68. GuruFocus rates FRA:QJ8 with a GF Score™ of 42/100 and a GF Value™ of €11.32 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,108 Asset Management companies, Saratoga Investment ranks better than 98.74% on this metric.
Saratoga Investment's yield on cost for the quarter that ended in May. 2026 was 42.23.
The historical rank and industry rank for Saratoga Investment's 5-Year Yield-on-Cost % or its related term are showing as below:
FRA:QJ8'
s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 12.32 Med: 22.68 Max: 60.03
Current: 42.23
During the past 13 years, Saratoga Investment's highest Yield on Cost was 60.03. The lowest was 12.32. And the median was 22.68.
FRA:QJ8's 5-Year Yield-on-Cost % is ranked better than 98.74% of 1108
companies
in the Asset Management industry
Industry Median: 6.33
vs FRA:QJ8: 42.23
Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.
Saratoga Investment 5-Year Yield-on-Cost % Related Terms
FRA:QJ8 vs RIV, TEI, EFR: 5-Year Yield-on-Cost % Comparison
For the Asset Management subindustry, Saratoga Investment's 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % 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.
Saratoga Investment 5-Year Yield-on-Cost % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Saratoga Investment's 5-Year Yield-on-Cost % distribution charts can be found below:
* The bar in red indicates where Saratoga Investment's 5-Year Yield-on-Cost % falls into.
Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.
Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.
Saratoga Investment (FRA:QJ8) has a 5-Year Yield-on-Cost % of 42.23 as of Aug. 20, 2026. 5-Year Yield on Cost measures the expected yield based on a company's current yield and 5-year dividend growth. View historical data on Saratoga Investment and its competitors. This is 86% above median its historical median of 22.68. Over the past decade, Saratoga Investment's 5-Year Yield-on-Cost % has ranged from 12.32 to 60.03. According to the industry distribution chart, Saratoga Investment ranks #14 out of 1108 companies in the Asset Management industry, placing it in the top 1.3%.
Is Saratoga Investment's 5-Year Yield-on-Cost % too high?
Saratoga Investment's current 5-Year Yield-on-Cost % of 42.23 is 86% above median its 10-year median of 22.68. Over the past 10 years, this metric has ranged from a low of 12.32 to a high of 60.03. The Asset Management industry median 5-Year Yield-on-Cost % is 6.33. Saratoga Investment's value of 42.23 is 567.1% above this industry median. Based on the distribution chart, Saratoga Investment ranks #14 out of 1108 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Saratoga Investment has a GF Score™ of 42/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Saratoga Investment's 5-Year Yield-on-Cost % compare to RIV and TEI?
According to the Asset Management industry distribution chart, Saratoga Investment ranks #14 out of 1108 companies for 5-Year Yield-on-Cost %. This places Saratoga Investment in the top 1% of its industry — outperforming the majority of peers. The industry median 5-Year Yield-on-Cost % is 6.33. Saratoga Investment's value of 42.23 is 567.1% above this benchmark. Historically, Saratoga Investment's own 5-Year Yield-on-Cost % has ranged from 12.32 to 60.03 over the past decade. While the company's 10-year median is 22.68 vs. the industry median of 6.33, Saratoga Investment 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 5-Year Yield-on-Cost % for an Asset Management company?
The median 5-Year Yield-on-Cost % among Asset Management companies is 6.33, based on 1,108 companies in the industry. Companies in the top quartile (top 25%) have a 5-Year Yield-on-Cost % significantly above this median, while those in the bottom quartile fall well below. However, 5-Year Yield-on-Cost % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Saratoga Investment's current 5-Year Yield-on-Cost % of 42.23 is 567.1% 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 5-Year Yield-on-Cost % mean?
A high 5-Year Yield-on-Cost % can signal that a stock is expensive relative to its fundamentals. 5-Year Yield on Cost measures the expected yield based on a company's current yield and 5-year dividend growth. View historical data on Saratoga Investment and its competitors. For the Asset Management industry, the median 5-Year Yield-on-Cost % is 6.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Saratoga Investment's current 5-Year Yield-on-Cost % is 42.23, which is 86% above median its own 10-year median of 22.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Saratoga Investment stock overvalued right now?
Based on GuruFocus' analysis, Saratoga Investment (FRA:QJ8) is currently considered Significantly Overvalued. The stock's GF Value™ is €11.32, compared to a current price of €15.70 — trading 38.7% above its estimated fair value. The current 5-Year Yield-on-Cost % is 42.23, which is 86% above median its 10-year median of 22.68 and 567.1% above the Asset Management industry median of 6.33. Saratoga Investment's overall GF Score™ is 42/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 5-Year Yield-on-Cost % calculated?
5-Year Yield-on-Cost % is calculated from a company's financial statements. For Saratoga Investment (FRA:QJ8), the current 5-Year Yield-on-Cost % is 42.23 as of Aug. 20, 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 Saratoga Investment (FRA:QJ8) Overvalued in 2026?
Based on GuruFocus' analysis, Saratoga Investment stock appears to be overvalued.
The current stock price of €15.70 is trading 38.7% above its estimated GF Value™ of €11.32.
GuruFocus considers Saratoga Investment to be Significantly Overvalued.
Key valuation signals for FRA:QJ8:
5-Year Yield-on-Cost %: 42.23 (86% above median its 10-year median of 22.68)
GF Value™: €11.32 vs. price of €15.70 (38.7% above fair value)
Industry Position: 567.1% above the Asset Management median (#14 of 1108)
No single metric tells the full story. See the FRA:QJ8 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Saratoga Investment Corp is a specialty finance company that provides customized financing solutions to U.S. middle-market businesses. The company invests in senior and unitranche leveraged loans and mezzanine debt, and, to a lesser extent, equity to provide financing for change of ownership transactions, strategic acquisitions, recapitalizations and growth initiatives in partnership with business owners, management teams and financial sponsors. Its objective is to create attractive risk-adjusted returns by generating current income and long-term capital appreciation from its debt and equity investments.
42GF Score
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5-Year Yield-on-Cost % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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