US · USD

SAZ

Saratoga Investment Corp 8.50%

$25.27+0.08% ($0.02)
Day's range
$25.23 – $25.35
Day's volume
$235K
52-week range
$23.30 – $25.45

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SAZ in numbers

Market cap
$412.2M
P/E
26.14
P/B
1.09
Dividend yield (12m)
8.41%

The 12-month dividend yield of SAZ is 8.41%, above its 5-year average of 7.32%.

SAZ price history

10/06/202510/05/2026
Compare with

SAZ risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months
Return+6.19%+26.10%
Volatility (annualized)2.64%2.60%
Largest drawdown-1.01%-1.01%
Positive months10/1231/36

How much did investing in SAZ return?

$1,000.00 invested on 05/01/2023 would be worth $1,343.71 today.

Value today in SAZ
$1,343.71
Return over the period
+34.37%
Return per year
+8.99%
In the S&P 500
$1,859.87

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

SAZ fundamentals

Valuation

  • P/E
    26.14
  • P/B
    1.09
  • EV/EBITDA
    —
  • EV/EBIT
    —
  • EV/Revenue
    —
  • P/EBIT
    —
  • P/S
    —
  • P/OCF
    -2.82
  • P/FCF
    —
  • Earnings yield
    —
  • PEG ratio
    —
  • Earnings per share
    $0.97
  • Book value per share
    $23.20

Debt

  • Net debt
    $771.2M
  • Net debt/EBITDA
    —
  • Net debt/Equity
    2.04
  • Debt/Equity
    2.16
  • Current ratio
    —
  • Quick ratio
    —
  • Cash ratio
    —

Profitability

  • ROE
    4.17%
  • ROA
    1.32%
  • ROIC
    —
  • Payout
    219.70%

Growth

  • Revenue CAGR (5 years)
    —
  • Earnings CAGR (5 years)
    -29.24%
  • Revenue growth (year)
    —
  • Earnings growth (year)
    —
  • Revenue growth (quarter)
    —
  • Earnings growth (quarter)
    —

What is SAZ's fair price?

Two classic value formulas, with today's numbers. The current price is $25.27.

Graham's fair price
$22.47
11.10% below the price

√(22.50 × $0.97 × $23.20)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price
$31.04
22.83% above the price

$1.86 (3-year average) ÷ 6%

Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.

Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.

SAZ's indicators by year

Multiples at each year's closing price; margins and returns from that year's statements.

Indicator20262025202420232022
P/E11.2313.8739.1512.26—
P/B1.040.990.940.87—
Dividend yield6.30%8.38%8.32%5.25%—
Earnings per share$2.25$1.83$0.65$2.08—
Book value per share$24.35$25.56$27.03$29.25—
ROE9.24%7.15%2.41%7.11%12.85%

SAZ's financial statements

Line20262025202420232022
Net revenue—————
Cost of revenue—————
Gross profit—————
EBITDA—————
EBIT—————
Financial result—————
Income before tax—————
Income tax$138.2K-$412K-$42.9K$153K$39.6K
Net income$36.6M$28.1M$8.9M$24.7M$45.7M

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does SAZ pay dividends?

Dividend yield per year

  • 5.25%2023
  • 8.32%2024
  • 8.38%2025
  • 6.30%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend08/13/202608/31/2026$0.53
Dividend05/14/202606/01/2026$0.53
Dividend02/12/202603/02/2026$0.53
Dividend11/13/202512/01/2025$0.53
Dividend08/14/202509/02/2025$0.53
Dividend05/14/202506/02/2025$0.53
Dividend02/13/202502/28/2025$0.53
Dividend11/14/202412/02/2024$0.53
Dividend08/14/202409/03/2024$0.53
Dividend05/13/202405/31/2024$0.53
Dividend02/13/202402/28/2024$0.53
Dividend11/13/202311/30/2023$0.53
See all 14 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend08/11/202308/31/2023$0.53
Dividend05/11/202305/31/2023$0.28

Questions about SAZ

How much is SAZ today?

SAZ is at $25.27 (0.08% on the day), last traded on 10/05/2026.

How much did SAZ pay in dividends in 2025?

SAZ paid $2.12 per share in 2025, a dividend yield of 8.38%.

What are the P/E and P/B of SAZ?

SAZ trades at a P/E of 26.14 and a P/B of 1.09.

How much did SAZ return in 12 months?

SAZ returned 6.19% in 12 months, with annualized volatility of 2.64% and a largest drawdown of -1.01%.