GAINN
Gladstone Investment Corporation 5.00% Notes Due 2026 (GAINN) currently trades at a P/E of 5.0x with an owner-earnings yield of 20.4%. The Buffett-Fit valuation pillar - owner-earnings yield, intrinsic-value multiple, and the company's underlying compounding rate - is the framework used on this page to grade undervaluation. Educational only, not investment advice.
Headline multiples. Gladstone Investment Corporation 5.00% Notes Due 2026 trades at a trailing P/E of 5.0x, a P/B of 1.10x, and an EV-to-EBIT of 18.8x. None of these in isolation tells you whether the stock is undervalued - a 30x P/E is cheap for a quality compounder and expensive for a cyclical commodity producer. The point is the relationship between price and the underlying business quality on the same scale.
Owner-earnings yield. Gladstone Investment Corporation 5.00% Notes Due 2026's owner-earnings yield (free cash flow / enterprise value) currently sits at 20.4%. This is Buffett's preferred valuation lens because it asks "what does the business actually return to a 100% owner?" rather than accounting earnings that can be inflated by accruals. A yield above the 10-year Treasury plus a 4-5% equity-risk premium is the rough benchmark for "cheap" against a high-quality business.
Earnings yield (1/P/E). The inverted P/E gives an earnings yield of 19.9% - useful as a sanity-check against the owner-earnings yield above. Large gaps between the two usually mean either high stock-based compensation eroding cash earnings (yield gap negative) or aggressive working-capital management inflating cash earnings vs accounting earnings (yield gap positive).
What the framework concludes. Valuation alone doesn't decide whether GAINN is a buy - Buffett's full rule is "a wonderful business at a fair price beats a fair business at a wonderful price." The valuation sub-score in the Buffett-Fit verdict on this page combines the metrics above with the company's underlying compounding rate (ROIC × reinvestment) to produce a single 0-100 number. Read the full verdict to see how it sits alongside moat strength, durability, management, and financial health.
La valoración en invest-like.com se evalúa contra tres benchmarks: el rendimiento de beneficios del propietario (la métrica preferida de Buffett - flujo de caja libre dividido entre el valor de empresa), el múltiplo del valor intrínseco (DCF y DCF inverso), y el precio frente a la tasa de compounding subyacente.
El score pondera esto contra los benchmarks medianos de calidad del sector - un PER de 20 es barato para un compounder de software y caro para un productor de materias primas cíclico, así que el bono sectorial cuenta. Solo educativo, no asesoramiento de inversión.
Análisis con el marco, con fines educativos. No es asesoramiento de inversión, ni una recomendación, ni está adaptado a tu situación personal. Haz siempre tu propia investigación.