PennantPark Investment Corporation
PennantPark Investment Corporation, a business development company is a private equity fund specializes in direct and mezzanine investments in middle market companies. It invests in the form of mezzanine debt, senior secured loans, and equity investments. The fund typically invests in buildings and real estate, hotels, gaming and leisure, technology, telecommunications, transportation, informatio… Read more
PennantPark Investment Corporation (PNNT) - Net Assets
Latest net assets as of December 2025: $457.23 Million USD
Based on the latest financial reports, PennantPark Investment Corporation (PNNT) has net assets worth $457.23 Million USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.29 Billion) and total liabilities ($836.28 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $457.23 Million |
| % of Total Assets | 35.35% |
| Annual Growth Rate | 3.04% |
| 5-Year Change | -29.72% |
| 10-Year Change | -27.89% |
| Growth Volatility | 19.63 |
PennantPark Investment Corporation - Net Assets Trend (2007–2025)
This chart illustrates how PennantPark Investment Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for PennantPark Investment Corporation (2007–2025)
The table below shows the annual net assets of PennantPark Investment Corporation from 2007 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | $463.95 Million | -6.07% |
| 2024-09-30 | $493.91 Million | -1.65% |
| 2023-09-30 | $502.19 Million | -14.24% |
| 2022-09-30 | $585.57 Million | -11.30% |
| 2021-09-30 | $660.14 Million | +25.57% |
| 2020-09-30 | $525.71 Million | -9.66% |
| 2019-09-30 | $581.91 Million | -7.47% |
| 2018-09-30 | $628.90 Million | -2.77% |
| 2017-09-30 | $646.81 Million | +0.53% |
| 2016-09-30 | $643.37 Million | -10.22% |
| 2015-09-30 | $716.59 Million | -13.46% |
| 2014-09-30 | $828.01 Million | +18.71% |
| 2013-09-30 | $697.51 Million | +4.15% |
| 2012-09-30 | $669.72 Million | +44.75% |
| 2011-09-30 | $462.66 Million | +19.68% |
| 2010-09-30 | $386.58 Million | +28.61% |
| 2009-09-30 | $300.58 Million | +42.64% |
| 2008-09-30 | $210.73 Million | -22.07% |
| 2007-09-30 | $270.39 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to PennantPark Investment Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 27642423100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $65.00K | 0.01% |
| Other Components | $740.51 Million | 159.61% |
| Total Equity | $463.95 Million | 100.00% |
PennantPark Investment Corporation Competitors by Market Cap
The table below lists competitors of PennantPark Investment Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SUN A.KAKEN
MU:KK2
|
$43.64K |
|
TRUALT BIOENERGY LIMITED
NSE:TRUALT
|
$43.64K |
|
PLAN OPTIK (P4O.SG)
STU:P4O
|
$43.68K |
|
Chess Depositary Interests 1:1 Deferred Settlement
AU:AIIDA
|
$43.70K |
|
TOC CO LTD
MU:T3O
|
$43.62K |
|
Easy Bio Inc.
KO:353810
|
$43.59K |
|
Mha Ltd
LSE:MHA
|
$43.59K |
|
Pearl Holdings Acquisition Corp Warrant
NASDAQ:PRLHW
|
$43.57K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PennantPark Investment Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 493,908,000 to 463,950,000, a change of -29,958,000 (-6.1%).
- Net income of 32,726,000 contributed positively to equity growth.
- Dividend payments of 67,908,000 reduced retained earnings.
- Other factors increased equity by 5,224,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $32.73 Million | +7.05% |
| Dividends Paid | $67.91 Million | -14.64% |
| Other Changes | $5.22 Million | +1.13% |
| Total Change | $- | -6.07% |
Book Value vs Market Value Analysis
This analysis compares PennantPark Investment Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.67x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.37x to 0.67x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-09-30 | $12.92 | $4.78 | x |
| 2008-09-30 | $10.00 | $4.78 | x |
| 2009-09-30 | $14.25 | $4.78 | x |
| 2010-09-30 | $13.08 | $4.78 | x |
| 2011-09-30 | $10.96 | $4.78 | x |
| 2012-09-30 | $12.64 | $4.78 | x |
| 2013-09-30 | $10.51 | $4.78 | x |
| 2014-09-30 | $12.35 | $4.78 | x |
| 2015-09-30 | $9.59 | $4.78 | x |
| 2016-09-30 | $8.98 | $4.78 | x |
| 2017-09-30 | $9.10 | $4.78 | x |
| 2018-09-30 | $8.90 | $4.78 | x |
| 2019-09-30 | $8.59 | $4.78 | x |
| 2020-09-30 | $7.84 | $4.78 | x |
| 2021-09-30 | $9.85 | $4.78 | x |
| 2022-09-30 | $8.98 | $4.78 | x |
| 2023-09-30 | $7.70 | $4.78 | x |
| 2024-09-30 | $7.57 | $4.78 | x |
| 2025-09-30 | $7.11 | $4.78 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PennantPark Investment Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.05%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 39.39%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 2.91x
- Recent ROE (7.05%) is above the historical average (4.13%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | -6.18% | 0.00% | -0.02x | 2.05x | $-43.74 Million |
| 2008 | -19.32% | 0.00% | -0.09x | 1.99x | $-61.78 Million |
| 2009 | 11.91% | 89.12% | 0.08x | 1.70x | $5.74 Million |
| 2010 | 4.28% | 77.66% | 0.03x | 1.84x | $-22.12 Million |
| 2011 | 2.22% | 64.25% | 0.02x | 2.01x | $-36.00 Million |
| 2012 | 9.46% | 83.07% | 0.07x | 1.52x | $-3.62 Million |
| 2013 | 13.16% | 91.32% | 0.09x | 1.65x | $22.03 Million |
| 2014 | 13.40% | 88.64% | 0.09x | 1.71x | $28.18 Million |
| 2015 | -1.43% | -6.34% | 0.12x | 1.91x | $-81.90 Million |
| 2016 | 2.91% | 86.27% | 0.02x | 1.93x | $-45.60 Million |
| 2017 | 9.54% | 90.93% | 0.06x | 1.86x | $-2.97 Million |
| 2018 | 7.59% | 93.78% | 0.04x | 1.84x | $-15.18 Million |
| 2019 | 2.74% | 55.00% | 0.02x | 2.21x | $-42.27 Million |
| 2020 | -3.04% | -15.93% | 0.09x | 2.12x | $-68.54 Million |
| 2021 | 25.24% | 97.26% | 0.13x | 1.96x | $100.60 Million |
| 2022 | -4.22% | -23.57% | 0.08x | 2.26x | $-83.30 Million |
| 2023 | -6.73% | -23.26% | 0.13x | 2.30x | $-84.03 Million |
| 2024 | 9.89% | 47.11% | 0.07x | 2.81x | $-539.80K |
| 2025 | 7.05% | 39.39% | 0.06x | 2.91x | $-13.67 Million |
Industry Comparison
This section compares PennantPark Investment Corporation's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $310,488,743
- Average return on equity (ROE) among peers: -23.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PennantPark Investment Corporation (PNNT) | $457.23 Million | -6.18% | 1.83x | $43.64K |
| Aberdeen International Inc (AABVF) | $136.31 Million | 25.56% | 0.23x | $2.78 Million |
| Acadian Asset Management Inc (AAMI) | $-17.60 Million | 0.00% | 0.00x | $1.39 Billion |
| AllianceBernstein Holding L.P. (AB) | $402.30 Million | 32.07% | 0.95x | $3.43 Billion |
| VIVO Cannabis Inc (ABCCF) | $164.13 Million | 16.36% | 0.09x | $148.26 Million |
| Associated Capital Group Inc (AC) | $502.13 Million | 5.33% | 0.17x | $42.54 Million |
| Adrian Resources Ltd (ADLRF) | $605.01 Million | 3.35% | 0.58x | $609.82 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $85.10 Million | -65.65% | 0.01x | $77.20K |
| AGF Management Limited (AGFMF) | $1.12 Billion | 10.14% | 3.56x | $298.43 Million |
| Agronomics Limited (AGNMF) | $100.03 Million | 1.02% | 0.02x | $57.14 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $6.11 Million | -266.31% | 0.76x | $2.71 Million |