BlackRock TCP Capital (TCPC) Price to Book (2021 - 2026)
BlackRock TCP Capital's (TCPC) quarterly Price to Book came in at 0.51 in Q2 2026, down 42.25% on a YoY basis from 0.88 in Q2 2025, and down 4.89% quarter-over-quarter from 0.54 in Q1 2026.
Analysis
BlackRock TCP Capital (TCPC) Price to Book (2021 - 2026) Analysis & Trends
BlackRock TCP Capital (TCPC) has reported Price to Book for 6 consecutive years, with 0.51 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Price to Book fell 42.25% year-over-year to 0.51; the trailing twelve-month figure through Jun 2026 stood at 0.51 (down 42.25% YoY), and the FY2025 full-year result was 0.77, down 18.05% from the prior year.
- Price to Book fell to 0.51 in Q2 2026 per TCPC's latest filing, from 0.54 in the prior quarter.
- Across five years, Price to Book topped out at 1.06 in Q2 2024 and bottomed at 0.51 in Q2 2026.
- Historically, Price to Book has averaged 0.83 across 5 years, with a median of 0.86 in 2023.
- The sharpest annual moves came in 2025 and 2026: Price to Book rose 28.5% in 2025, then tumbled 42.25% in 2026.
- Over 5 years, Price to Book stood at 1.0 in 2022, then slipped by 3.15% to 0.97 in 2023, then fell by 2.64% to 0.94 in 2024, then dropped by 18.05% to 0.77 in 2025, then sank by 33.98% to 0.51 in 2026.
- According to Business Quant data, Price to Book over the past three periods registered 0.51, 0.54, and 0.77 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Ares Capital | 14.39 Bn | 14.01 Bn | - |
| 2 | Blackstone Secured Lending Fund | 5.76 Bn | 5.49 Bn | - |
| 3 | Blue Owl Capital | 5.62 Bn | 5.38 Bn | - |
| 4 | Main Street Capital | 5.39 Bn | 5.33 Bn | - |
| 5 | Blue Owl Technology Finance | 5.20 Bn | 4.99 Bn | - |
| 6 | Hercules Capital | 4.68 Bn | 4.64 Bn | - |
| 7 | FS KKR Capital | 3.48 Bn | 3.37 Bn | - |
| 8 | Golub Capital Bdc | 3.38 Bn | 3.34 Bn | - |
| 9 | PennantPark Floating Rate Capital | 2.47 Bn | -134.94 Mn | - |
| 10 | BlackRock TCP Capital | 341.48 Mn | 183.94 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.51 |
| Mar 31, 2026 | 0.54 |
| Dec 31, 2025 | 0.77 |
| Sep 30, 2025 | 0.71 |
| Jun 30, 2025 | 0.88 |
| Mar 31, 2025 | 0.87 |
| Dec 31, 2024 | 0.94 |
| Sep 30, 2024 | 0.82 |
| Jun 30, 2024 | 1.06 |
| Mar 31, 2024 | 0.68 |
| Dec 31, 2023 | 0.97 |
| Sep 30, 2023 | 0.92 |
| Jun 30, 2023 | 0.84 |
| Mar 31, 2023 | 0.79 |
| Dec 31, 2022 | 1.00 |
| Sep 30, 2022 | 0.77 |
| Jun 30, 2022 | 0.90 |
| Mar 31, 2022 | 1.00 |
| Dec 31, 2021 | 0.94 |
| Sep 30, 2021 | 0.96 |