Question 1

What is Main Street Capital's EV/EBITDA ratio?

Accepted Answer

Main Street Capital (MAIN) EV/EBITDA ratio is 14.8× as of June 5, 2026. The ratio is calculated by dividing enterprise value by trailing twelve-month EBITDA, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the EV/EBITDA ratio calculated?

Accepted Answer

EV/EBITDA = Enterprise Value ÷ Trailing Twelve-Month (TTM) EBITDA, where Enterprise Value = Market Capitalisation + Total Debt − Cash & Short-Term Investments. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the EV/EBITDA ratio?

Accepted Answer

The EV/EBITDA ratio (the enterprise multiple) compares enterprise value (EV) to trailing twelve-month (TTM) EBITDA. EV is calculated as market capitalisation + total debt − cash & short-term investments. Because EV/EBITDA is capital-structure-neutral and ignores non-cash depreciation and amortisation, it is the standard multiple used in M&A and for cross-company or cross-border comparisons. Note: this calculation uses a simplified EV (minority interest and preferred equity excluded due to data availability), consistent with most public financial-data providers.

Question 4

What is a good EV/EBITDA ratio for Main Street Capital?

Accepted Answer

Mature, cash-generative businesses commonly trade in the 8–12× EV/EBITDA range; higher-growth, asset-light companies often trade at 15–25×+. EV/EBITDA is most useful for comparing companies with different capital structures (debt levels) or tax regimes. For Main Street Capital specifically, the relevant sector benchmark is the current sector median of 9.3×.

Question 5

Is Main Street Capital's EV/EBITDA ratio high or low?

Accepted Answer

Main Street Capital's EV/EBITDA ratio of 14.8× is above its own 5-year average of 14.1× and above the sector median of 9.3×. That places the current reading at the 77th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Main Street Capital's historical EV/EBITDA ratio range?

Accepted Answer

In the available daily series, Main Street Capital (MAIN) EV/EBITDA ratio has ranged from a low of 11.4× in 2022 to a high of 210.4× in 2020. The 5-year average is 14.1× and the 5-year median is 13.5×.

Question 7

What was Main Street Capital's EV/EBITDA ratio in 2025?

Accepted Answer

Main Street Capital (MAIN) EV/EBITDA ratio at the end of 2025 was 15.1×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month EBITDA figure available at that date.

Question 8

Why does Main Street Capital's EV/EBITDA ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (enterprise value, which tracks share price plus net debt) and the denominator (EBITDA). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$5.43B	$520.36M	15.1×	+1.7×	Dec 31, 2025
2024	$5.18B	$538.71M	13.4×	+1.5×	Dec 31, 2024
2023	$3.65B	$451.09M	12.0×	-6.3×	Dec 31, 2023
2022	$2.87B	$264.93M	18.2×	+4.7×	Dec 31, 2022
2021	$3.15B	$363.63M	13.5×	-196.9×	Dec 31, 2021
2020	$2.16B	$15.84M	210.4×	+181.3×	Dec 31, 2020
2019	$2.75B	$130.81M	29.1×	+11.8×	Dec 31, 2019
2018	$2.07B	$174.37M	17.3×	+1.6×	Dec 31, 2018
2017	$2.32B	$195.09M	15.7×	-4.5×	Dec 31, 2017
2016	$1.97B	$137.67M	20.2×	-3.0×	Dec 31, 2016
2015	$1.46B	$95.75M	23.2×	+4.9×	Dec 31, 2015
2014	$1.32B	$107.03M	18.3×	-0.1×	Dec 31, 2014
2013	$1.30B	$96.82M	18.4×	+6.9×	Dec 31, 2013
2012	$985.26M	$110.50M	11.4×	-7.6×	Dec 31, 2012
2011	$550.69M	$36.47M	19.1×	-10.1×	Dec 31, 2011
2010	$296.37M	$13.72M	29.1×	—	Dec 31, 2010
2009	$161.89M	$0.00	—	—	Dec 31, 2009
2008	$89.15M	$0.00	—	—	Dec 31, 2008
2007	$122.88M	$0.00	—	—	Dec 31, 2007


Wells Fargo (WFC)	2.9×
Farmers & Merchants Bancorp (FMCB)	2.8×
JPMorgan Chase (JPM)	2.3×
AXIS Capital Holdings (AXS)	2.2×
American International Group (AIG)	1.9×
Ally Financial (ALLY)	1.7×
United Bankshares (UBSI)	1.6×
Commerce Bancshares (CBSH)	0.7×
W. R. Berkley (WRB)	-0.0×
Morgan Stanley (MS)	-0.3×
M&T Bank (MTB)	-0.6×
Capital One Financial (COF)	-0.6×
Everest Re Group (EG)	-0.7×
Travelers Companies (TRV)	-2.5×
Globe Life (GL-PD)	-2.6×
RenaissanceRe Holdings (RNR)	-3.5×
PNC Financial Services Group (PNC)	-3.8×
BancFirst (BANF)	-5.5×
U.S. Bancorp (USB)	-5.5×
KeyCorp (KEY)	-9.2×
Bank of New York Mellon (BNY)	-13.3×
Bank of New York Mellon (BK)	-13.3×
Ames National (ATLO)	-14.6×
State Street (STT)	-17.7×
MetLife (MET)	-46.3×

EV/EBITDA for Main Street Capital (MAIN)

EV/EBITDA daily chart for Main Street Capital (MAIN)

Historical EV/EBITDA for Main Street Capital (MAIN) from 2007 to 2025

About EV/EBITDA at Main Street Capital (MAIN)

Main Street Capital EV/EBITDA by Year

Main Street Capital EV/EBITDA 2025: 15.1×

Main Street Capital EV/EBITDA 2024: 13.4×

Main Street Capital EV/EBITDA 2023: 12.0×

Main Street Capital EV/EBITDA 2022: 18.2×

Main Street Capital EV/EBITDA 2021: 13.5×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

Main Street Capital (MAIN) Key Financials

EV/EBITDA daily chart for Main Street Capital (MAIN)

Historical EV/EBITDA for Main Street Capital (MAIN) from 2007 to 2025

About EV/EBITDA at Main Street Capital (MAIN)

Main Street Capital EV/EBITDA by Year

Main Street Capital EV/EBITDA 2025: 15.1×

Main Street Capital EV/EBITDA 2024: 13.4×

Main Street Capital EV/EBITDA 2023: 12.0×

Main Street Capital EV/EBITDA 2022: 18.2×

Main Street Capital EV/EBITDA 2021: 13.5×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

+What is Main Street Capital's EV/EBITDA ratio?

+How is the EV/EBITDA ratio calculated?

+What is the EV/EBITDA ratio?

+What is a good EV/EBITDA ratio for Main Street Capital?

+Is Main Street Capital's EV/EBITDA ratio high or low?

+What is Main Street Capital's historical EV/EBITDA ratio range?

+What was Main Street Capital's EV/EBITDA ratio in 2025?

+Why does Main Street Capital's EV/EBITDA ratio change over time?

Main Street Capital (MAIN) Key Financials