# Saratoga Investment share price today (Saratoga Investment Corp., SAR)

> Saratoga Investment Corp.'s P/BV is near the low end of its own history, higher than only 4% of past readings, and its quarterly results are still getting worse. SAR · Financials · Asset Management · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/sar

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## Key numbers

- Business trend: Getting worse, from the last 12 quarters
- Price: $13.60 (−39.6% in a year)
- P/BV: 0.6× (lower than 96% of the last 1 year)
- Revenue (Aug 2026): $31.2 M (+1.8% on a year ago)
- Profit (Aug 2026): −$6.7 M (−150.1% on a year ago)
- Net margin: −21.4% (−64.8 points on a year ago)
- ROE: −1%, FY26
- ROA: 4.38%, latest

The main question: yearly earnings per share moved +14.4% while the share price moved −39.6%. ## What is the Saratoga Investment share price today? Saratoga Investment Corp.'s share price was $13.60 at the close on 3 November 2026. That is 33.4% below its average price over the last 200 trading days. In the last 52 weeks it traded between $14 and $24, and at that close it was at the low of that range. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 35 weeks running. Over the last 1 year the share price moved −45% while the S&P 500 moved +21%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 6 March 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Saratoga Investment pay? Saratoga Investment Corp. paid $3.00 per share over the last four reported quarters. The most recent declaration was $0.75 for Aug 2026. At today's price of $13.60 that is a yield of 22.06%, based on dividends already paid, not a forecast. ## Which stock lists is Saratoga Investment on? Saratoga Investment is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is Saratoga Investment profitable? Saratoga Investment Corp. posted a net loss of $6.7 M in the Aug 2026 quarter. Full-year FY26 profit was $36.6 M. Over 4 years profit has grown −5.4% a year on average. That loss is 21.4% of the quarter's revenue. The same quarter a year earlier earned $13.3 M. 5 of the last 12 reported quarters were loss-making. Aug 2026 profit was −$6.7 M, −150.1% on a year earlier. For the full year, FY26 profit was $36.6 M (+30.3% on the year before). Why profit moved: revenue changed +1.8% on a year earlier and the margin moved −64.8 percentage points. Sales did the work while the margin got thinner. On average over the last four quarters, profit changed −87.9% and revenue −3.8%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does Saratoga Investment make, and is it growing? Saratoga Investment Corp. reported $31.2 M of income in the Aug 2026 quarter, +1.8% on the same quarter a year earlier. Over 4 years it has grown 15.5% a year on average. The last full year, FY26, came in at $126 M. The last four reported quarters add to $125 M. Recent pace: the last four quarters grew −3.8% on average, against 15.5% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew −4.2%, against −10.4% a year over the last 8 quarters (accelerating). ## How much does Saratoga Investment keep from what it earns? Saratoga Investment Corp.'s net margin was −21.4% in the Aug 2026 quarter, 64.8 percentage points lower than the same quarter a year ago. Across 5 years it has been between 6.2% and 64.7%. The latest quarter is below every full year in that period. Why: the net margin move is clear, but the cost details behind it are not in our data, so we show the move without guessing the reason. ## How many of Saratoga Investment's loans have gone bad? Saratoga Investment Corp. does not report loan-quality figures this page can read, so this section says so rather than guess. No bad-loan figures are filed in a form this page can read, and none are guessed from the profit line. The income, margin and return sections carry what this business does report. Why: loan quality drives a lender, but its details (new bad loans, recoveries, money set aside) are not in our data for this company. The sections around this one carry what we can back up. ## How fast is Saratoga Investment's loan book growing? Saratoga Investment Corp.'s revenue was $126 M in FY26, −15.5% on the year before, so the loan book is not growing. The latest quarter was +1.8% on a year earlier. The net margin on that income is −21.4%, −64.8 percentage points on a year ago. Interest income stands in for the size of the loan book; changes in interest rates can move it a few points in any year. In short: a lender grows well when its loan book grows, its margin stays steady and its loans stay clean. Quarterly loan-quality figures are missing here, so revenue growth and margin are the two we watch. ## What is Saratoga Investment's P/BV ratio, and how does it compare with its own history? Saratoga Investment Corp.'s P/BV is 0.6×, near the low end of its own history: it has been lower only 4% of the time. Its usual P/BV (the middle reading) is 0.9×, over 1 year of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is low: this lender earns about −1% a year on its equity. A lender that earns less on its net worth is valued lower for each dollar of it, and that gap usually closes only if returns improve. Why the multiple is where it is: over the past year book value grew while the price moved −39.6%. Price and book value moved together, so the multiple stayed in its range. In short: the multiple is low against its own past, so the book value trend underneath matters more than the multiple. ## Is the Saratoga Investment business getting better or worse? Saratoga Investment Corp.'s business is getting worse. Revenue, profit and EPS growth are shrinking: revenue growth is −4.2% in the latest quarter, against +61.8% at its best in 12 quarters, with ROE falling at -1.2%. This is based on 12 quarters of 4 measures. Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind. ## How much does Saratoga Investment earn on its equity and assets? Saratoga Investment Corp. earned a return on equity of 9% in FY26. Its lowest yearly reading on file was 2% in FY24. On its assets, every $100 earned about $4.38, before the effect of borrowing. For a lender the balance sheet is the business, so the return on equity and on assets have to be read together. That return is below the level a bank needs to grow its net worth quickly, which helps explain why its multiple is where it is. Why ROE moved: profit grew −5.4% a year over 4 years while net worth grew more slowly. When earnings recover faster than net worth builds up, ROE climbs off its low. ## Does Saratoga Investment have too much debt? For a bank, borrowing is the raw material of the business, not a warning sign: it borrows money in order to lend it out. Its safety is read through its returns and its loans. Its safety is read from the bad-loan figures and the return on equity instead. For a manufacturer, debt is a claim on its profits. For a lender it is the stock it trades in, so the usual debt-to-equity test would mislead and is not used here. ## What is the Saratoga Investment shareholding pattern? We have no ownership or short-position figures for Saratoga Investment Corp., so this section says so rather than fill the gap. At normal trading volumes, closing those positions would take about 3.8 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. ## How far is Saratoga Investment from balance-sheet trouble? For Saratoga Investment Corp., the Z-score is not used, because it was built for manufacturers, not lenders. For a lender, safety is read from its capital and bad-loan figures instead. ## How does Saratoga Investment rank in its industry? There is no score against its industry: Saratoga Investment Corp. is not among the largest members shown in this industry comparison for Asset Management. The score ranks a company within its industry: each measure is scored against the other members. Without that group there is no score, so none is shown. ## Which companies is Saratoga Investment compared with? No sector comparison is shown here, not among the largest members shown in this industry comparison. ## Which companies are close to Saratoga Investment in size? Saratoga Investment is the 83rd largest of 90 Asset Management companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: Kingsway Corporation, Runway Growth Finance Corp. and Horizon Technology Finance Corporation. Just below it: Chicago Atlantic BDC, Inc., Eagle Point Income Company Inc. and Stellus Capital Investment Corporation. ### Asset Management companies close in size

1. [Kingsway Corporation](https://www.sectoralpha.in/us/stocks/kwy) $284 million
2. [Runway Growth Finance Corp.](https://www.sectoralpha.in/us/stocks/rway) $271 million
3. [Horizon Technology Finance Corporation](https://www.sectoralpha.in/us/stocks/hrzn) $259 million
4. Saratoga Investment Corp. $212 million
5. [Chicago Atlantic BDC, Inc.](https://www.sectoralpha.in/us/stocks/lien) $208 million
6. [Eagle Point Income Company Inc.](https://www.sectoralpha.in/us/stocks/eic) $204 million
7. [Stellus Capital Investment Corporation](https://www.sectoralpha.in/us/stocks/scm) $203 million

[All 90 Asset Management companies, largest first](https://www.sectoralpha.in/us/sectors/asset-management#all-companies)

### Companies close in size in other industries

1. [Richtech Robotics Inc.](https://www.sectoralpha.in/us/stocks/rr) $213 million · Specialty Industrial Machinery
2. [Firy Inc.](https://www.sectoralpha.in/us/stocks/firy) $213 million · Electronic Gaming & Multimedia
3. Saratoga Investment Corp. $212 million
4. [Yatsen Holding Limited](https://www.sectoralpha.in/us/stocks/ysg) $211 million · Household & Personal Products
5. [Velo3D, Inc.](https://www.sectoralpha.in/us/stocks/velo) $211 million · Computer Hardware

## What else do people ask about Saratoga Investment? ### What were Saratoga Investment's latest quarterly results? Saratoga Investment Corp. reported total income of $31.2 M and a net loss of $6.7 M for the Aug 2026 quarter. Income rose 1.8% and profit fell 150.1% compared with a year earlier. Earnings per share were −$0.41 (as of 3 November 2026). ### What is Saratoga Investment's market cap? Saratoga Investment Corp.'s market capitalisation is $212 M at a stock price of $13.60. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Saratoga Investment performing? Saratoga Investment Corp.'s latest readings are below. In its latest quarter, income rose 1.8% and profit fell 150.1% compared with a year earlier. Over the past 13 weeks it has done worse than the S&P 500, for 35 weeks running. This describes what the data did, not a rating (as of 3 November 2026). ### Will Saratoga Investment's stock price go up? This page does not forecast Saratoga Investment Corp.'s stock price. What it shows instead: the stock price is $13.60. Its P/BV of 0.6× is higher than 4% of its own last 1 years. Nobody can reliably say which way a price will move, and this site does not try (as of 3 November 2026). ### Where is Saratoga Investment in its business cycle? Saratoga Investment Corp.'s FY26 net margin was 29.1%, against a 5-year range of 6.2% to 64.7%: the middle of its own range, neither a peak nor a low. The latest quarter was −21.4%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Saratoga Investment story? The main question: yearly earnings per share moved +14.4% while the share price moved −39.6%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Saratoga Investment a stock worth studying right now? What the numbers show: Saratoga Investment Corp.'s P/BV is near the low end of its own history, higher than only 4% of past readings, and its quarterly results are still getting worse. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). This is research, not advice. We’re not SEBI-registered.