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Oxford Square Capital Corp (OXSQ) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Oxford Square Capital Corp stock $0.88, price $0.87, upside +0.6%, quality 37 out of 100. Rating: fairly valued. Calculated from audited financials with 2 of our 26 valuation models and 37 quality factors, updated daily.

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Financial Services US

OS Oxford Square Capital Corp logo Thin data Nov 6, 2026

Oxford Square Capital Corp

OXSQ · US
Fairly valued, weak quality

The stock costs about what our calculation considers fair.

Generates free cash flow
Fair value $0.8755 · Fairly valued
Moderate debt
Mixed vs. peers (5/12)
Neutral coverage
Insiders bought $332,818 (6M) · sold $6,800
Profit last quarter 33% below a year ago.
Quality 37/100
Weak Growth (revenue 3y −0.9 %/yr in USD)
Loss-making · -93.7% net margin (TTM)
Narrow moat 30/100
Thin data
⚠ Dilution
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What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

$2.00 $0.8395 Fair Value $0.8755 Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.

How to read this chart

60‑month range $0.8395 – $2.00 · fair‑value band $0.6545 – $1.10 · the $0.8700 price screens below the $0.8755 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.

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Company profile

Oxford Square Capital Corp. is a business development company, operates as a closed-end, non-diversified management investment company. It is a private equity and mezzanine firm. The firm invests in both public and private companies.

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It invests in secured and unsecured senior debt, subordinated debt, junior subordinated debt, preferred stock, common stock and syndicated bank loans.

The firm primarily invests in debt and/or equity securities of technology-related companies that operate in the computer software, Internet, information technology infrastructure and services, media, telecommunications and telecommunications equipment, semiconductors, hardware, technology-enabled services, semiconductor capital equipment, medical device technology, diversified technology, and networking systems sectors.

It concentrates its investments in companies having annual revenues of less than $200 million and a market capitalization or enterprise value of less than $300 million. The firm invests between $5 million and $30 million per transaction. It seeks to exit its investments within 7 years.

It serves as the investment adviser to TICC. Oxford Square Capital Corp., formerly known as TICC Capital Corp., was founded in 2003 and is headquartered in Greenwich, Connecticut.

Stock analysis

Oxford Square Capital Corp (OXSQ) currently trades at $0.8700, while our model-based Fair Value estimate is $0.8755, so the stock looks roughly fairly valued today (gap 0.6%).

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Valuation

How firm this estimate is: it rests on 2 models at a data quality of 96/100, which puts the data coverage at low.

Scenario range: $0.6545 (bear) to $1.10 (bull), the price of $0.8700 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 37/100 (below-average quality), in the Financial Services sector.

Weak Growth: Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.

Oxford Square Capital Corp reported revenue of −$5.0M in FY2025 versus $43.9M in FY2021. Reported net income was −$18.7M in FY2025.

Key figures

Market cap $106M Micro · P/S ratio 2.73 · EPS (TTM) $−0.3700 · Net margin −93.7% · Return on equity −25.0% · Return on assets (EBIT) −0.7% (5-year average) · Operating margin 84.4% · Revenue (TTM) $39.0M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 30 out of 100 (medium confidence).

What moves the price

The share trades about 49% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at −16% fair-value upside, at 1%, OXSQ screens cheaper than that median.

Fair Value models

Bear $0.6545 Fair Value $0.8755 Bull $1.10
Price $0.8700 · Upside +0.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
P/B Multiple $0.7700 $1.03 $1.29 55
NCAV (Graham) $0.6100 $0.8100 $1.21 54
All 2 models by family
Multiples
P/B Multiple $0.7700 $1.03 $1.29 55
Asset-Based
NCAV (Graham) $0.6100 $0.8100 $1.21 54

The fair value above starts from this blend and is adjusted for dilution from new shares.

Open the full fair value analysis →

Quality Score breakdown

Overall quality 37/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 20
How much profit the company makes from its sales and capital
Quality Growth 40
Are margins and returns getting better?
Cashflow 33
Do the profits arrive as real cash?
Financial strength 46
Debt, balance sheet and risk of trouble
Investment 96
Does it invest with discipline instead of growing at any price?
Low Volatility 62
How calm the share price moves, does not count
Price momentum 9
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 2
Distance to the 52-week high, does not count
New shares 0
Buys back shares or issues new ones?

Open the full quality analysis →

Insider trades

In the last 6 months, 2 officers or directors bought shares worth $332,818, most recently on May 20, 2026. Over the same period, one person sold shares worth $6,800. Buying cluster

  • SaleSteven P NovakDirector5,000 shares at $1.36$6,800Sep 3, 2026
  • BuyJonathan H CohenChief Executive Officer, Director144,704 shares at $1.15$166,410May 20, 2026
  • BuySaul B RosenthalPresident and COO144,703 shares at $1.15$166,408May 20, 2026

Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.

Source: SEC Form 4, as of Nov 6, 2026. All filings at the SEC ↗

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 16/100
Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Revenue growth 1 year
+27.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−0.9%
Revenue growth 21 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+32.6%
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
114.4% (2017) → 51.3% (2023)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

Growth Forecast

A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+8.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +5.8% a year for the price.

Watch OXSQ, get fair value alerts →

Earlier news

News mood ⓘNews mood, the average tone of recent news (75 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation. Neutral
Recent news coverage is roughly neutral, about typical for how stocks are covered.

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Asset Management · 586 stocks

Beats the industry median on 6/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 37 · Bottom 25%
Fair Value upside +0.6% · Below median
Profitability
Return on assets −6.1% · Bottom 25%
Net margin (12 months) −93.7% · Bottom 25%
Operating margin (12 months) 84.4% · Above median
Growth and dividend
Revenue growth (quarter YoY) −1.3% · Below median
Dividend yield (12 months) 45.6% · Top 25%
Balance sheet
Debt / equity 1.28× · Highest 25%

Valuation Multiplesvs Asset Management median · lower = cheaper

P/B 0.73× · Cheaper than median
P/S (12 months) 2.73× · Cheaper than median
Price / free cash flow (fiscal year) 5.8× · Cheapest 25%
PEG 1.12× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)34 · sector 59
FUTURE (revenue growth)0 · sector 39
PAST (return on equity)0 · sector 29
HEALTH (low debt)36 · sector 96
DIVIDEND (yield)0 · sector 80

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Asset Management stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Exor N.V EXO €73.35 €139.37 +90% vs OXSQ
Raymond James Financial, Inc RJF $162.81 $281.42 +73% vs OXSQ
Apollo Global Management, Inc APO $116.75 $197.52 +69% vs OXSQ
Ameriprise Financial, Inc AMP $501.49 $609.56 +22% vs OXSQ
State Street Corporation STT $165.56 $139.37 −16% vs OXSQ
Ares Management Corporation ARES $133.98 $99.35 −26% vs OXSQ
Northern Trust Corporation NTRS $172.76 $123.42 −29% vs OXSQ
Brookfield Asset Management Ltd BAM $52.95 $31.26 −41% vs OXSQ
Blackstone Inc BX $119.50 $52.29 −56% vs OXSQ
KKR & Co KKR $96.48 $27.32 −72% vs OXSQ

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Oxford Square Capital Corp: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Oxford Square Capital Corp Fair Value". https://www.fairvalue-calculator.com/stock/OXSQ

Frequently asked questions

Is Oxford Square Capital Corp (OXSQ) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of $0.8755 versus a price of $0.8700, about +1% upside (fairly valued).
What is the fair value of OXSQ?
Our model-based fair value for Oxford Square Capital Corp is $0.8755 (as of Nov 6, 2026), built from audited fundamentals. The current price: $0.8700.
What is the quality score of OXSQ?
Oxford Square Capital Corp has a Quality Score of 37/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Oxford Square Capital Corp (OXSQ)?
Our model-based price target is the fair value of $0.8755 (as of Nov 6, 2026) from 2 valuation models. Cautious scenario $0.6545, optimistic scenario $1.10. It is a calculation from audited fundamentals, not an analyst target.
What is the Oxford Square Capital Corp stock forecast for 2026?
Our models put fair value at $0.8755, about +1% upside versus a price of $0.8700 (fairly valued). Cautious scenario $0.6545, optimistic scenario $1.10. The calculation is refreshed regularly with new filings.
What is the revenue of Oxford Square Capital Corp (OXSQ)?
Oxford Square Capital Corp reported trailing-twelve-month revenue of about $39.0M (latest available figure, as of Nov 6, 2026).
What growth is priced into Oxford Square Capital Corp (OXSQ)?
For today's price to be fair in a discounted-cash-flow model, Oxford Square Capital Corp would have to grow free cash flow by +8.3 % per year for five years (discount rate 11.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 7 years revenue grew -2.1 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of OXSQ use?
Our models discount Oxford Square Capital Corp at 11.2 %: a base by market capitalisation (micro), damped by beta 0.37, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Oxford Square Capital Corp that is +8.3 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.2 %) and the same formula as our fair value.
How much growth has Oxford Square Capital Corp (OXSQ) delivered so far?
Over the past 7 years revenue at Oxford Square Capital Corp grew -2.1 % a year. The price currently implies free-cash-flow growth of +8.3 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Oxford Square Capital Corp (OXSQ) growing?
The median revenue growth in the sector is +9.2 % a year. That is the yardstick for the growth priced into Oxford Square Capital Corp (+8.3 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Oxford Square Capital Corp (OXSQ)?
The free-cash-flow yield on the price is 21.23 %: that much free cash flow Oxford Square Capital Corp produces per unit of market value. When it exceeds the discount rate of our models (11.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Oxford Square Capital Corp (OXSQ)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Oxford Square Capital Corp it is $0.8755 per share (as of Nov 6, 2026), against a price of $0.8700. It is the blended result of 2 valuation models in 2 families (Multiples, Asset-Based).
Is Oxford Square Capital Corp stock overvalued or undervalued in 2026?
As of Nov 6, 2026, OXSQ trades below its calculated fair value: price $0.8700, fair value $0.8755, a gap of about +1% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of OXSQ?
No. The price is what the market pays today ($0.8700); the fair value is what the company's own numbers justify ($0.8755). For Oxford Square Capital Corp the two are $0.0055 per share apart. That gap is exactly why we show both numbers side by side.
How much is Oxford Square Capital Corp worth?
The market values Oxford Square Capital Corp at about $106M (market capitalisation, as of Nov 6, 2026). Per share that is $0.8700; our models calculate a fair value of $0.8755 per share.
What do the bullish and bearish scenarios say about OXSQ?
Our models span a range for Oxford Square Capital Corp: cautious scenario $0.6545, base $0.8755, optimistic $1.10 per share (as of Nov 6, 2026, price $0.8700). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of OXSQ?
The PEG ratio of Oxford Square Capital Corp is 1.12 (P/E divided by earnings growth, as of Nov 6, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Oxford Square Capital Corp (OXSQ)?
Balance-sheet figures for Oxford Square Capital Corp (as of Nov 6, 2026): return on equity −25.0%, debt of 1.28 per unit of equity. They feed the Quality Score of 37/100, which measures business quality independently of the share price.
How far is OXSQ from its 52-week high?
Oxford Square Capital Corp trades at $0.8700, about 49% below its 52-week high of $1.69 and 4% above the low of $0.8395 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $0.8755 is for.
Which stocks are comparable to Oxford Square Capital Corp?
From the same area (Financial Services) we also value Blackstone Inc, Brookfield Asset Management Ltd, KKR & Co, Apollo Global Management, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Oxford Square Capital Corp stock attractive at the current price?
The data as of Nov 6, 2026: price $0.8700, calculated fair value $0.8755 (+1%), Quality Score 37/100, from 2 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of OXSQ calculated?
We run Oxford Square Capital Corp through 2 models from 2 families: Multiples, Asset-Based. Every model gets the same audited fundamentals; the fair value of $0.8755 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Oxford Square Capital Corp currently trades 1% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Oxford Square Capital Corp (OXSQ)?
The closing price on Nov 6, 2026 was $0.8700. Our model-based fair value is $0.8755, about +1% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Oxford Square Capital Corp right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.

Key figures of Oxford Square Capital Corp

How large is the market capitalisation of Oxford Square Capital Corp (OXSQ)?
The market capitalisation of Oxford Square Capital Corp is $106M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Oxford Square Capital Corp (OXSQ)?
The price-to-sales ratio of Oxford Square Capital Corp is 2.73 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Oxford Square Capital Corp (OXSQ)?
Earnings per share at Oxford Square Capital Corp are $−0.3700. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Oxford Square Capital Corp (OXSQ)?
The net margin of Oxford Square Capital Corp is −93.7% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Oxford Square Capital Corp (OXSQ)?
The return on equity (ROE) of Oxford Square Capital Corp is −25.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Oxford Square Capital Corp (OXSQ)?
On an EBIT basis the return on assets of Oxford Square Capital Corp is −0.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Oxford Square Capital Corp (OXSQ)?
The operating margin of Oxford Square Capital Corp is 84.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Oxford Square Capital Corp (OXSQ)?
Revenue at Oxford Square Capital Corp is growing −1.3% versus a year earlier. How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Oxford Square Capital Corp (OXSQ)?
Earnings per share at Oxford Square Capital Corp are growing −32.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Oxford Square Capital Corp (OXSQ) carry?
The net debt of Oxford Square Capital Corp is $106M (fiscal year 2025, ≈ 5.8 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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