Is Main Street Capital Corp. overvalued or undervalued?

As of 21 November 2025, the valuation grade for Main Street Capital Corp. moved from fair to attractive, indicating a more favorable assessment of its market position. The company appears undervalued, particularly when considering its P/E ratio of 10, which is significantly lower than the peer average of 18.08 for Stifel Financial Corp. and 14.84 for Invesco Ltd. Additionally, Main Street's EV to EBITDA ratio of 7.45 is competitive against the industry, suggesting a solid valuation relative to earnings before interest, taxes, depreciation, and amortization.
In comparison to its peers, Main Street Capital Corp. has a PEG ratio of 1.07, which is more favorable than Blue Owl Capital, Inc.'s extremely high PEG of 26.69, indicating that Main Street offers better growth potential relative to its price. Despite recent underperformance against the S&P 500, with a year-to-date return of -5.16% compared to the index's 12.26%, the company's strong ROCE of 24.60% and a high dividend yield of 503.18% reinforce its attractiveness as an investment opportunity.