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PennantPark Floating Rate CapitalHAM:22P +1.62%50 5-Year Yield-on-Cost % is 13.21 as of Aug. 20, 2026, which is 22% above its 10-year median of 10.85. GuruFocus rates HAM:22P with a GF Score™ of 50/100 and a GF Value™ of €5.13 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 1,108 Asset Management companies, PennantPark Floating Rate Capital ranks better than 91.43% on this metric.
The historical rank and industry rank for PennantPark Floating Rate Capital's 5-Year Yield-on-Cost % or its related term are showing as below:
HAM:22P'
s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 8.57 Med: 10.85 Max: 28.4
Current: 13.21
During the past 13 years, PennantPark Floating Rate Capital's highest Yield on Cost was 28.40. The lowest was 8.57. And the median was 10.85.
HAM:22P's 5-Year Yield-on-Cost % is ranked better than 91.43% of 1108
companies
in the Asset Management industry
Industry Median: 6.33
vs HAM:22P: 13.21
PennantPark Floating Rate Capital (HAM:22P) 5-Year Yield-on-Cost % Explanation
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.
PennantPark Floating Rate Capital 5-Year Yield-on-Cost % Related Terms
HAM:22P vs OIO, DLY, ACGP: 5-Year Yield-on-Cost % Comparison
For the Asset Management subindustry, PennantPark Floating Rate Capital'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.
PennantPark Floating Rate Capital 5-Year Yield-on-Cost % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, PennantPark Floating Rate Capital's 5-Year Yield-on-Cost % distribution charts can be found below:
* The bar in red indicates where PennantPark Floating Rate Capital's 5-Year Yield-on-Cost % falls into.
PennantPark Floating Rate Capital 5-Year Yield-on-Cost % Calculation
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.
PennantPark Floating Rate Capital (HAM:22P) has a 5-Year Yield-on-Cost % of 13.21 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 PennantPark Floating Rate Capital and its competitors. This is 22% above median its historical median of 10.85. Over the past decade, PennantPark Floating Rate Capital's 5-Year Yield-on-Cost % has ranged from 8.57 to 28.40. According to the industry distribution chart, PennantPark Floating Rate Capital ranks #95 out of 1108 companies in the Asset Management industry, placing it in the top 8.6%.
Is PennantPark Floating Rate Capital's 5-Year Yield-on-Cost % too high?
PennantPark Floating Rate Capital's current 5-Year Yield-on-Cost % of 13.21 is 22% above median its 10-year median of 10.85. Over the past 10 years, this metric has ranged from a low of 8.57 to a high of 28.40. The Asset Management industry median 5-Year Yield-on-Cost % is 6.33. PennantPark Floating Rate Capital's value of 13.21 is 108.7% above this industry median. Based on the distribution chart, PennantPark Floating Rate Capital ranks #95 out of 1108 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, PennantPark Floating Rate Capital has a GF Score™ of 50/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PennantPark Floating Rate Capital's 5-Year Yield-on-Cost % compare to OIO and DLY?
According to the Asset Management industry distribution chart, PennantPark Floating Rate Capital ranks #95 out of 1108 companies for 5-Year Yield-on-Cost %. This places PennantPark Floating Rate Capital in the top 9% of its industry — outperforming the majority of peers. The industry median 5-Year Yield-on-Cost % is 6.33. PennantPark Floating Rate Capital's value of 13.21 is 108.7% above this benchmark. Historically, PennantPark Floating Rate Capital's own 5-Year Yield-on-Cost % has ranged from 8.57 to 28.40 over the past decade. While the company's 10-year median is 10.85 vs. the industry median of 6.33, PennantPark Floating Rate Capital 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. PennantPark Floating Rate Capital's current 5-Year Yield-on-Cost % of 13.21 is 108.7% 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 PennantPark Floating Rate Capital 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. PennantPark Floating Rate Capital's current 5-Year Yield-on-Cost % is 13.21, which is 22% above median its own 10-year median of 10.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PennantPark Floating Rate Capital stock overvalued right now?
Based on GuruFocus' analysis, PennantPark Floating Rate Capital (HAM:22P) is currently considered Modestly Overvalued. The stock's GF Value™ is €5.13, compared to a current price of €6.28 — trading 22.4% above its estimated fair value. The current 5-Year Yield-on-Cost % is 13.21, which is 22% above median its 10-year median of 10.85 and 108.7% above the Asset Management industry median of 6.33. PennantPark Floating Rate Capital's overall GF Score™ is 50/100 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 PennantPark Floating Rate Capital (HAM:22P), the current 5-Year Yield-on-Cost % is 13.21 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 PennantPark Floating Rate Capital (HAM:22P) Overvalued in 2026?
Based on GuruFocus' analysis, PennantPark Floating Rate Capital stock appears to be overvalued.
The current stock price of €6.28 is trading 22.4% above its estimated GF Value™ of €5.13.
GuruFocus considers PennantPark Floating Rate Capital to be Modestly Overvalued.
Key valuation signals for HAM:22P:
5-Year Yield-on-Cost %: 13.21 (22% above median its 10-year median of 10.85)
GF Value™: €5.13 vs. price of €6.28 (22.4% above fair value)
Industry Position: 108.7% above the Asset Management median (#95 of 1108)
No single metric tells the full story. See the HAM:22P stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PennantPark Floating Rate Capital Ltd is a closed-end, externally managed, non-diversified investment company. Its investment objectives are to generate both 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 generates revenue in the form of interest income on the debt securities and dividends.
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