PennantPark Investment Corporation (PNNT) - Net Assets
Based on the latest financial reports, PennantPark Investment Corporation (PNNT) has net assets worth $439.23 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.26 Trillion) and total liabilities ($818.83 Billion). 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. Check PennantPark Investment Corporation tangible equity quality to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $439.23 Billion |
| % of Total Assets | 34.91% |
| 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. See how many days can PennantPark Investment Corporation fund operations to measure how many days the company can operate on defensive assets alone.
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. For live valuation and market cap data, see market value of PennantPark Investment Corporation.
| 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 |
|---|---|
|
Hyundai Hcn
KO:126560
|
$224.05 Million |
|
Chung Hwa Food Industrial Co Ltd
TWO:4205
|
$224.28 Million |
|
Richardson Electronics Ltd
NASDAQ:RELL
|
$224.32 Million |
|
Shanghai Jin Jiang International Hotels Development Co Ltd B
SHG:900934
|
$224.33 Million |
|
Newmax Technology Co Ltd
TWO:3630
|
$223.87 Million |
|
SharonAI Holdings, Inc. Class A Common Stock
NASDAQ:SHAZ
|
$223.83 Million |
|
Iron Force Industrial Co Ltd
TW:2228
|
$223.70 Million |
|
India Nippon Electricals Limited
NSE:INDNIPPON
|
$223.68 Million |
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: 0.48x
- 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 0.27x to 0.48x 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 | $3.43 | x |
| 2008-09-30 | $10.00 | $3.43 | x |
| 2009-09-30 | $14.25 | $3.43 | x |
| 2010-09-30 | $13.08 | $3.43 | x |
| 2011-09-30 | $10.96 | $3.43 | x |
| 2012-09-30 | $12.64 | $3.43 | x |
| 2013-09-30 | $10.51 | $3.43 | x |
| 2014-09-30 | $12.35 | $3.43 | x |
| 2015-09-30 | $9.59 | $3.43 | x |
| 2016-09-30 | $8.98 | $3.43 | x |
| 2017-09-30 | $9.10 | $3.43 | x |
| 2018-09-30 | $8.90 | $3.43 | x |
| 2019-09-30 | $8.59 | $3.43 | x |
| 2020-09-30 | $7.84 | $3.43 | x |
| 2021-09-30 | $9.85 | $3.43 | x |
| 2022-09-30 | $8.98 | $3.43 | x |
| 2023-09-30 | $7.70 | $3.43 | x |
| 2024-09-30 | $7.57 | $3.43 | x |
| 2025-09-30 | $7.11 | $3.43 | 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: $1,436,657,108
- Average return on equity (ROE) among peers: -13.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PennantPark Investment Corporation (PNNT) | $439.23 Billion | -6.18% | 1.86x | $223.97 Million |
| Acadian Asset Management Inc (AAMI) | $49.50 Million | 132.93% | 11.35x | $1.86 Billion |
| AllianceBernstein Holding L.P. (AB) | $1.58 Billion | 11.79% | 0.00x | $3.27 Billion |
| Associated Capital Group Inc (AC) | $898.30 Million | 4.93% | 0.04x | $78.56 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $77.47 Million | -13.30% | 0.03x | $265.69 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $1.40 Million | -229.54% | 1.40x | $194.14 Million |
| Alpha Compute Corp (ALP) | $4.53 Million | -55.38% | 0.03x | $5.62 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $83.45 Million | -7.38% | 0.39x | $296.12 Million |
| Affiliated Managers Group Inc (AMG) | $337.80 Million | 7.58% | 0.79x | $9.37 Billion |
| Ameriprise Financial Inc (AMP) | $11.31 Billion | 9.70% | 10.60x | $40.38 Billion |
| AMTD IDEA Group (AMTD) | $28.27 Million | 5.22% | 12.77x | $40.58 Million |
About 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