Fidus Investment Corp (FDUS) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Fidus Investment Corp stock $26.94, price $19.65, upside +37.1%, quality 41 out of 100. Rating: undervalued. Calculated from audited financials with 8 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range $9.28 – $20.22 · fair‑value band $16.26 – $33.67 · the $19.65 price screens below the $26.94 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Fidus Investment Corporation is a business development company.
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It specializing in leveraged buyouts, refinancings, change of ownership transactions, recapitalizations, strategic acquisitions, mezzanine, growth capital, business expansion, lower middle market investments, debt investments, subordinated and second lien loans, senior secured and unitranche debt, preferred equity, warrants, subordinated debt, senior subordinated notes, junior secured loans, and unitranche loans.
It does not invest in turnarounds or distressed situations.
The fund prefers to invest in aerospace and defense, business services, consumer products and services including retail, food, and beverage, healthcare products and services, industrial products and services, information technology services, niche manufacturing, transportation and logistics, and value-added distribution sectors.
It seeks to invest in companies based in United States.
The fund typically invests between $5 million and $30 million per transaction in companies with annual revenues between $10 million and $150 million and an annual EBITDA between $5 million and $30 million, but it can occasionally invest in larger or smaller companies.
The fund typically invests between $5 million and $15 million in debt investment. It seeks to acquire minority equity stakes and board observation rights in conjunction with its investments.
Stock analysis
Fidus Investment Corp (FDUS) currently trades at $19.65, while our model-based Fair Value estimate is $26.94, implying the stock looks roughly 27% undervalued today.
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Valuation
Bull case: the Earnings-Based group reads highest at a median of $70.14 per share, and 5 of the 8 models we run sit above the $19.65 price.
Bear case: the Asset-Based group reads lowest at $12.50, and 3 of the 8 models stay below the price. Data coverage for this calculation is high.
Scenario range: $16.26 (bear) to $33.67 (bull), the price of $19.65 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 41/100 (below-average quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Fidus Investment Corp reported revenue of $159M in FY2025 versus $127M in FY2021, a compound +5.8%/yr. Reported net income was $82.4M in FY2025, compounding −8.2%/yr from FY2021.
Key figures
Market cap $746M Small · P/E ratio 9.5 · P/S ratio 4.38 · EPS (TTM) $2.06 · Dividend yield 8.8% · Net margin 45.4% · Return on equity 10.8% · Return on assets (EBIT) 6.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 68 out of 100 (low confidence).
What moves the price
The share trades about 3% below its 52-week high and 23% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −16% fair-value upside, at 37%, FDUS screens cheaper than that median.
Fair Value models
Bear$16.26Fair Value $26.94Bull$33.67
Price $19.65 · Upside +37.1%
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($0.2906 per share) are deliberately not added.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.
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.55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+40.1%
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.
+30.5%
Revenue growth 5 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.
+31.8%
Start year 2020 (pandemic). Over 10 years: +18.1% a year
Revenue growth 16 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.
+16.3%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+12.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+3.2%
Dividend (yield on the price)8.8%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.3.2% vs 3.8%, steady
Profit margin 2020 to 2025 ⓘ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.82% → 76%
Price, fair value, quality and upside side by side.
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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 · 588 stocks
Beats the industry median on 9/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score41 · Bottom 25%
Fair Value upside+37.1% · Above median
Profitability
Return on equity (12 months)10.8% · Above median
Return on assets5.8% · Above median
Net margin (12 months)45.4% · Above median
Operating margin (12 months)68.3% · Above median
Growth and dividend
Revenue growth (quarter YoY)8.8% · Above median
Dividend yield (12 months)8.8% · Top 25%
Balance sheet
Debt / equity0.33× · Above median
Valuation Multiplesvs Asset Management median · lower = cheaper
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Is Fidus Investment Corp (FDUS) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of $26.94 versus a price of $19.65, about +37% upside (undervalued).
What is the fair value of FDUS?
Our model-based fair value for Fidus Investment Corp is $26.94 (as of Nov 8, 2026), built from audited fundamentals. The current price: $19.65.
What is the quality score of FDUS?
Fidus Investment Corp has a Quality Score of 41/100. 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 Fidus Investment Corp (FDUS)?
Our model-based price target is the fair value of $26.94 (as of Nov 8, 2026) from 8 valuation models. Cautious scenario $16.26, optimistic scenario $33.67. It is a calculation from audited fundamentals, not an analyst target.
What is the Fidus Investment Corp stock forecast for 2026?
Our models put fair value at $26.94, about +37% upside versus a price of $19.65 (undervalued). Cautious scenario $16.26, optimistic scenario $33.67. The calculation is refreshed regularly with new filings.
What is the revenue of Fidus Investment Corp (FDUS)?
Fidus Investment Corp reported trailing-twelve-month revenue of about $170M (latest available figure, as of Nov 8, 2026).
Does Fidus Investment Corp pay a dividend?
Fidus Investment Corp currently shows a dividend yield of 8.75% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Fidus Investment Corp (FDUS) and when is the ex-dividend date?
Fidus Investment Corp pays a dividend of $1.72 per share a year, a dividend yield of 8.8%. The last ex-dividend date was Sep 15, 2026. A dividend has been paid every year since at least 2011. The payout ratio is 83.5% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of Fidus Investment Corp (FDUS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Fidus Investment Corp it is $26.94 per share (as of Nov 8, 2026), against a price of $19.65. It is the blended result of 8 valuation models in 5 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is Fidus Investment Corp stock overvalued or undervalued in 2026?
As of Nov 8, 2026, FDUS trades below its calculated fair value: price $19.65, fair value $26.94, a gap of about +37% (undervalued). 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 FDUS?
No. The price is what the market pays today ($19.65); the fair value is what the company's own numbers justify ($26.94). For Fidus Investment Corp the two are $7.29 per share apart. That gap is exactly why we show both numbers side by side.
How much is Fidus Investment Corp worth?
The market values Fidus Investment Corp at about $746M (market capitalisation, as of Nov 8, 2026). Per share that is $19.65; our models calculate a fair value of $26.94 per share.
What do the bullish and bearish scenarios say about FDUS?
Our models span a range for Fidus Investment Corp: cautious scenario $16.26, base $26.94, optimistic $33.67 per share (as of Nov 8, 2026, price $19.65). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of FDUS?
Fidus Investment Corp trades at a price-to-earnings ratio of 9.5 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $26.94 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, 5 of the years ex one-offs: 7.7. Other multiples: PEG 3.5, P/B 1.0, P/S 4.4, EV/EBITDA 7.7.
What is the PEG ratio of FDUS?
The PEG ratio of Fidus Investment Corp is 3.52 (P/E divided by earnings growth, as of Nov 8, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Fidus Investment Corp (FDUS)?
Balance-sheet figures for Fidus Investment Corp (as of Nov 8, 2026): return on equity 10.8%, debt of 0.33 per unit of equity. They feed the Quality Score of 41/100, which measures business quality independently of the share price.
How far is FDUS from its 52-week high?
Fidus Investment Corp trades at $19.65, about 3% below its 52-week high of $20.22 and 23% above the low of $16.00 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $26.94 is for.
Which stocks are comparable to Fidus Investment 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 Fidus Investment Corp stock attractive at the current price?
The data as of Nov 8, 2026: price $19.65, calculated fair value $26.94 (+37%), Quality Score 41/100, from 8 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 FDUS calculated?
We run Fidus Investment Corp through 8 models from 5 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of $26.94 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 13.0% above its aggregate fair value. Fidus Investment Corp currently trades 27% 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 Fidus Investment Corp (FDUS)?
The closing price on Nov 6, 2026 was $19.65. Our model-based fair value is $26.94, about +37% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Fidus Investment Corp right now?
The large discount to fair value meets weak quality (41/100). That raises the risk this is a value trap rather than a bargain. A fairly wide model range ($16.26 to $33.67) leaves room in how you read the outcome. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of Fidus Investment Corp (FDUS) come from?
Earnings per share at Fidus Investment Corp grew +3.9 % a year from 2014 to 2025. Broken into its drivers: revenue per share +7.6 %, EBIT margin −0.3 %, tax rate −0.4 %, residual (interest, one-offs) −2.8 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Fidus Investment Corp
How large is the market capitalisation of Fidus Investment Corp (FDUS)?
The market capitalisation of Fidus Investment Corp is $746M. 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 Fidus Investment Corp (FDUS)?
The price-to-sales ratio of Fidus Investment Corp is 4.38 (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 Fidus Investment Corp (FDUS)?
Earnings per share at Fidus Investment Corp are $2.06 (price ÷ EPS = P/E 9.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Fidus Investment Corp (FDUS)?
The dividend yield of Fidus Investment Corp is 8.8% (payout 83.5%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Fidus Investment Corp (FDUS)?
The net margin of Fidus Investment Corp is 45.4% (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 Fidus Investment Corp (FDUS)?
The return on equity (ROE) of Fidus Investment Corp is 10.8% (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 Fidus Investment Corp (FDUS)?
On an EBIT basis the return on assets of Fidus Investment Corp is 6.8% (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 Fidus Investment Corp (FDUS)?
The operating margin of Fidus Investment Corp is 68.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Fidus Investment Corp (FDUS)?
Revenue at Fidus Investment Corp is growing +8.8% versus a year earlier (3y avg +30.5%). 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 Fidus Investment Corp (FDUS)?
Earnings per share at Fidus Investment Corp are growing −26.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Fidus Investment Corp (FDUS) generate?
The free cash flow of Fidus Investment Corp is −$147M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Fidus Investment Corp (FDUS) carry?
The net debt of Fidus Investment Corp is $574M (fiscal year 2025). 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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Broad data
Nov 8, 2026