TCPC Relative Valuation
TCPC's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, TCPC is overvalued; if below, it's undervalued.
Historical Valuation
BlackRock TCP Capital Corp (TCPC) is now in the Fair zone, suggesting that its current forward PE ratio of 4.34 is considered Fairly compared with the five-year average of 7.29. The fair price of BlackRock TCP Capital Corp (TCPC) is between 5.36 to 10.12 according to relative valuation methord.
Relative Value
Fair Zone
5.36-10.12
Current Price：5.52
Fair
4.34
PE
1Y
3Y
5Y
0.00
EV/EBITDA
BlackRock TCP Capital Corp. (TCPC) has a current EV/EBITDA of 0.00. The 5-year average EV/EBITDA is 0.00. The thresholds are as follows: Strongly Undervalued below 0.00, Undervalued between 0.00 and 0.00, Fairly Valued between 0.00 and 0.00, Overvalued between 0.00 and 0.00, and Strongly Overvalued above 0.00. The current Forward EV/EBITDA of 0.00 falls within the Strongly Undervalued range.
0.00
EV/EBIT
BlackRock TCP Capital Corp. (TCPC) has a current EV/EBIT of 0.00. The 5-year average EV/EBIT is 12.17. The thresholds are as follows: Strongly Undervalued below -8.95, Undervalued between -8.95 and 1.61, Fairly Valued between 22.73 and 1.61, Overvalued between 22.73 and 33.30, and Strongly Overvalued above 33.30. The current Forward EV/EBIT of 0.00 falls within the Undervalued range.
2.28
PS
BlackRock TCP Capital Corp. (TCPC) has a current PS of 2.28. The 5-year average PS is 3.45. The thresholds are as follows: Strongly Undervalued below 1.57, Undervalued between 1.57 and 2.51, Fairly Valued between 4.38 and 2.51, Overvalued between 4.38 and 5.32, and Strongly Overvalued above 5.32. The current Forward PS of 2.28 falls within the Undervalued range.
3.58
P/OCF
BlackRock TCP Capital Corp. (TCPC) has a current P/OCF of 3.58. The 5-year average P/OCF is 6.56. The thresholds are as follows: Strongly Undervalued below -20.42, Undervalued between -20.42 and -6.93, Fairly Valued between 20.05 and -6.93, Overvalued between 20.05 and 33.54, and Strongly Overvalued above 33.54. The current Forward P/OCF of 3.58 falls within the Historic Trend Line -Fairly Valued range.
0.00
P/FCF
BlackRock TCP Capital Corp. (TCPC) has a current P/FCF of 0.00. The 5-year average P/FCF is 0.00. The thresholds are as follows: Strongly Undervalued below 0.00, Undervalued between 0.00 and 0.00, Fairly Valued between 0.00 and 0.00, Overvalued between 0.00 and 0.00, and Strongly Overvalued above 0.00. The current Forward P/FCF of 0.00 falls within the Strongly Undervalued range.
BlackRock TCP Capital Corp (TCPC) has a current Price-to-Book (P/B) ratio of 0.00. Compared to its 3-year average P/B ratio of 0.81 , the current P/B ratio is approximately -100.00% higher. Relative to its 5-year average P/B ratio of 0.87, the current P/B ratio is about -100.00% higher. BlackRock TCP Capital Corp (TCPC) has a Forward Free Cash Flow (FCF) yield of approximately 0.00%. Compared to its 3-year average FCF yield of 22.99%, the current FCF yield is approximately -100.00% lower. Relative to its 5-year average FCF yield of 16.45% , the current FCF yield is about -100.00% lower.
0.00
P/B
Median3y
0.81
Median5y
0.87
0.00
FCF Yield
Median3y
22.99
Median5y
16.45
Competitors Valuation Multiple
The average P/S ratio for TCPC's competitors is 0.57, providing a benchmark for relative valuation. BlackRock TCP Capital Corp Corp (TCPC) exhibits a P/S ratio of 2.28, which is 300% above the industry average. Given its robust revenue growth of -18.89%, this premium appears unsustainable.
Performance Decomposition
1Y
3Y
5Y
Market capitalization of TCPC decreased by 38.40% over the past 1 year. The primary factor behind the change was an increase in Margin Expansion from 36.86 to 51.19.
The secondary factor is the Revenue Growth, contributed -18.89%to the performance.
Overall, the performance of TCPC in the past 1 year is driven by Margin Expansion. Which is more sustainable.
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Frequently Asked Questions
Is BlackRock TCP Capital Corp (TCPC) currently overvalued or undervalued?
BlackRock TCP Capital Corp (TCPC) is now in the Fair zone, suggesting that its current forward PE ratio of 4.34 is considered Fairly compared with the five-year average of 7.29. The fair price of BlackRock TCP Capital Corp (TCPC) is between 5.36 to 10.12 according to relative valuation methord.
What is BlackRock TCP Capital Corp (TCPC) fair value?
TCPC's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average , adjusted by weights. The fair price of BlackRock TCP Capital Corp (TCPC) is between 5.36 to 10.12 according to relative valuation methord.
How does TCPC's valuation metrics compare to the industry average?
The average P/S ratio for TCPC's competitors is 0.57, providing a benchmark for relative valuation. BlackRock TCP Capital Corp Corp (TCPC) exhibits a P/S ratio of 2.28, which is 300.00% above the industry average. Given its robust revenue growth of -18.89%, this premium appears unsustainable.
What is the current P/B ratio for BlackRock TCP Capital Corp (TCPC) as of Jan 02 2026?
As of Jan 02 2026, BlackRock TCP Capital Corp (TCPC) has a P/B ratio of 0.00. This indicates that the market values TCPC at 0.00 times its book value.
What is the current FCF Yield for BlackRock TCP Capital Corp (TCPC) as of Jan 02 2026?
As of Jan 02 2026, BlackRock TCP Capital Corp (TCPC) has a FCF Yield of 0.00%. This means that for every dollar of BlackRock TCP Capital Corp’s market capitalization, the company generates 0.00 cents in free cash flow.
What is the current Forward P/E ratio for BlackRock TCP Capital Corp (TCPC) as of Jan 02 2026?
As of Jan 02 2026, BlackRock TCP Capital Corp (TCPC) has a Forward P/E ratio of 4.34. This means the market is willing to pay $4.34 for every dollar of BlackRock TCP Capital Corp’s expected earnings over the next 12 months.
What is the current Forward P/S ratio for BlackRock TCP Capital Corp (TCPC) as of Jan 02 2026?
As of Jan 02 2026, BlackRock TCP Capital Corp (TCPC) has a Forward P/S ratio of 2.28. This means the market is valuing TCPC at $2.28 for every dollar of expected revenue over the next 12 months.