EN DE
Check 35,000+ stocks against 26 valuation models and 37 quality factors
Data-driven stock valuation

Runway Growth Finance Corp (RWAY) fair value: what the stock is really worth

As of Sep 23, 2026: fair value of Runway Growth Finance Corp $11.42, price $6.74, upside +69.5%, quality 58 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? Yes
  3. Add to watchlist

Financial Services · US · ISIN US78163D1000

RG Runway Growth Finance Corp logo Broad data Sep 23, 2026

Runway Growth Finance Corp

RWAY · US

Clearly undervaluedStrong Fair Value upside, but quality is only moderate.

✓Fair value $11.42 · Strongly undervalued (+70%)
!Quality 58/100
!Mixed Growth (revenue 5y +22.2 %/yr)
!Thin margins · 5.8% net margin (TTM)
✓Moderate debt · generates free cash flow
·19.58% dividend yield
✓Ranks above peers (10/15)
!Moderate moat 50/100
!Weak on future: 27 out of 100
!Weak on past: 6 out of 100
Watch Runway Growth Finance Corp for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card. Watch for free Pro now: $1 first month

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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

Price vs Fair Value

$9.17 $5.01 Fair Value $11.42 Oct 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.

How to read this chart

59‑month range $5.01 – $9.17 · fair‑value band $4.27 – $17.64 · the $6.74 price screens below the $11.42 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.

Follow Runway Growth Finance in your weekly email

Every Wednesday you see whether Runway Growth Finance is on track or worth a review, plus price against fair value. Free, up to 3 stocks.

We send you a confirmation link. Unsubscribe with one click.

Which stocks are undervalued right now? Check free Discover now →

Company profile

Runway Growth Finance Corp. is a business development company specializing investments in senior-secured loans to late stage and growth companies. It prefers to make investments in companies engaged in the technology, life sciences, healthcare and information services, business services and select consumer services and products sectors.

Show more

Runway Growth Finance Corp. is a business development company specializing investments in senior-secured loans to late stage and growth companies. It prefers to make investments in companies engaged in the technology, life sciences, healthcare and information services, business services and select consumer services and products sectors. It prefers to investments in companies engaged in electronic equipment and instruments, systems software, hardware, storage and peripherals and specialized consumer services, application software, healthcare technology, internet software and services, data processing and outsourced services, internet retail, human resources and employment services, biotechnology, healthcare equipment and education services. It invests in senior secured loans between $10 million and $75 million.

Stock analysis

Runway Growth Finance Corp (RWAY) currently trades at $6.74, while our model-based Fair Value estimate is $11.42, implying the stock looks roughly 41.0% undervalued today.

Show more

Valuation

Bull case: the Growth DCF group reads highest at a median of $73.50 per share, and 11 of the 11 models we run sit above the $6.74 price.

Bear case: the Asset-Based group reads lowest at $7.75, and 0 of the 11 models stay below the price. Evidence for this calculation is high.

Scenario range: $4.27 (bear) to $17.64 (bull), the price of $6.74 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 58/100 (solid quality), in the Financial Services sector.

Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.

Runway Growth Finance Corp reported revenue of $140M in FY2025 versus $51.7M in FY2021, a compound +28.3%/yr. Reported net income was $34.0M in FY2025, compounding −7.1%/yr from FY2021.

Key figures

Market cap $284M · P/E ratio 28.1 · P/S ratio 6.82 · EPS (TTM) $0.2400 · Net margin 24.3% · Return on equity 1.6% · Return on assets (EBIT) 5.6% · Operating margin 84.2%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (medium confidence).

What moves the price

The share trades about 22% below its 52-week high and 35% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at −4% fair-value upside, at 70%, RWAY screens cheaper than that median.

Fair Value models

Bear $4.27 Fair Value $11.42 Bull $17.64
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. 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. Evidence ⓘEvidence = 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.
Highest evidence
Residual Income $8.57 $8.82 $8.52 76
Growth DCF $38.44 $73.50 $128.96 75
5Y P/E Exit $11.84 $23.37 $36.16 69
All 11 models by family
DCF Models
5Y P/E Exit $11.84 $23.37 $36.16 69
10Y P/E Exit $22.48 $38.02 $59.84 62
Earnings-Based
Graham-Dodd $5.52 $36.51 $51.12 63
Lynch FV $10.65 $15.22 $19.78 61
Dividend Discount
Gordon GGM $8.55 $14.32 $18.59 68
DDM Multi-Stage $8.55 $13.58 $15.41 67
Multiples
P/E Multiple $7.92 $10.56 $13.20 63
P/B Multiple $10.36 $13.81 $17.26 55
Asset-Based
NCAV (Graham) $5.79 $7.75 $11.57 54
Growth DCF
Growth DCF $38.44 $73.50 $128.96 75
Economic Profit
Residual Income $8.57 $8.82 $8.52 76

Open the full fair value analysis →

Notify me when RWAY reaches fair value

Put RWAY on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.

Set up alert →

Quality Score breakdown

Overall quality 58/100

Of which business quality 58 · Market factors (momentum, volatility) 51

Profitability 38
Margins and returns on capital today
Quality Growth 50
Are margins and returns improving?
Cashflow 100
Earnings quality: real cash, not paper profit
Fin. Strength 34
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 75
Calm price path (market factor)
Momentum 48
Price trend over the last 3–12 months (market factor)
52W Momentum 28
Distance to the 52-week high (market factor)
Net Issuance 35
Share count: buybacks or dilution?

Open the full quality analysis →

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. 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+12.8%
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.
+36.5%
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.
+22.2%
Start year 2020 (pandemic)
Revenue growth 8 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.
−32.3%
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. Basis: adjusted.
+17.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+17.4%
Dividend (yield on the price)0.0%
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.91% → 55%

Watch RWAY, get fair value alerts →

Compare Runway Growth Finance Corp with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

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 · 658 stocks

Beats the industry median on 10/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 60 · Above median
Fair Value upside +70% · Above median
Profitability
Return on equity (TTM) 2% · Below median
Return on assets 6% · Above median
Net margin (TTM) 6% · Below median
Operating margin (TTM) 84% · Top 25%
Growth and dividend
Revenue growth 5% · Above median
Dividend yield (TTM) 19.6% · Top 25%
Balance sheet
Debt / equity 1.13× · Highest 25%

Valuation Multiplesvs Asset Management median · lower = cheaper

P/E (TTM) 28.1× · Priciest 25%
P/B 0.58× · Cheaper than median
P/S (TTM) 2.13× · Cheaper than median
P/FCF 1.5× · Cheapest 25%
EV/EBITDA 10.6× · Pricier than median
PEG 1.16× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 54
FUTURE (revenue growth)27 · sector 21
PAST (return on equity)6 · sector 22
HEALTH (low debt)43 · sector 95
DIVIDEND (yield)100 · sector 81

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
Blackstone Inc BX $124.01 $52.88 −57%
Brookfield Corporation BN $37.85 $13.75 −64%
KKR & Co KKR $98.44 $19.97 −80%
Apollo Global Management, Inc APO $124.15 $229.64 +85%
State Street Corporation STT $180.25 $138.33 −23%
Ameriprise Financial, Inc AMP $512.37 $579.51 +13%
Ares Management Corporation ARES $124.72 $119.25 −4%
Northern Trust Corporation NTRS $173.40 $122.02 −30%
Raymond James Financial, Inc RJF $159.39 $312.27 +96%
T. Rowe Price Group TROW $104.17 $208.34 +100%

Explore undervalued stocks

More undervalued Financial Services stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued High-Quality StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names ⭐ Top Rated 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screenerFilter by region, size and sector Compare toolTwo stocks side by side Extrinsic Value Calculator…Calculator with industry benchmark Peter Lynch Fair Value Formula &…Calculator with industry benchmark
Run the numbers yourself: free valuation calculators
DCF CalculatorGraham NumberPeter Lynch FormulaDDM CalculatorFama-French ModelIntrinsic Value
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Runway Growth Finance Corp · Fair Value
$11.42 +41%Fair Value
Calculator →

Cite: Fair Value Calculator (2026). "Runway Growth Finance Corp Fair Value". https://www.fairvalue-calculator.com/stock/RWAY

Frequently asked questions

Is Runway Growth Finance Corp (RWAY) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of $11.42 versus a price of $6.74, about +70% upside (undervalued).
What is the fair value of RWAY?
Our model-based fair value for Runway Growth Finance Corp is $11.42 (as of Sep 23, 2026), built from audited fundamentals. The current price: $6.74.
What is the quality score of RWAY?
Runway Growth Finance Corp has a Quality Score of 58/100. 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 Runway Growth Finance Corp (RWAY)?
Our model-based price target is the fair value of $11.42 (as of Sep 23, 2026) from 11 valuation models. Cautious scenario $4.27, optimistic scenario $17.64. It is a calculation from audited fundamentals, not an analyst target.
What is the Runway Growth Finance Corp stock forecast for 2026?
Our models put fair value at $11.42, about +70% upside versus a price of $6.74 (undervalued). Cautious scenario $4.27, optimistic scenario $17.64. The calculation is refreshed regularly with new filings.
What is the revenue of Runway Growth Finance Corp (RWAY)?
Runway Growth Finance Corp reported trailing-twelve-month revenue of about $133M (latest available figure, as of Sep 23, 2026).
What is the intrinsic value of Runway Growth Finance Corp (RWAY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Runway Growth Finance Corp it is $11.42 per share (as of Sep 23, 2026), against a price of $6.74. It is the blended result of 11 valuation models (cash flow, earnings, asset, dividend).
Is Runway Growth Finance Corp stock overvalued or undervalued in 2026?
As of Sep 23, 2026, RWAY trades below its calculated fair value: price $6.74, fair value $11.42, a gap of about +70% (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 RWAY?
No. The price is what the market pays today ($6.74); the fair value is what the company's own numbers justify ($11.42). For Runway Growth Finance Corp the two are $4.68 per share apart. That gap is exactly why we show both numbers side by side.
How much is Runway Growth Finance Corp worth?
The market values Runway Growth Finance Corp at about $284M (market capitalisation, as of Sep 23, 2026). Per share that is $6.74; our models calculate a fair value of $11.42 per share.
What do the bullish and bearish scenarios say about RWAY?
Our models span a range for Runway Growth Finance Corp: cautious scenario $4.27, base $11.42, optimistic $17.64 per share (as of Sep 23, 2026, price $6.74). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of RWAY?
Runway Growth Finance Corp trades at a price-to-earnings ratio of 28.1 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $11.42 is built from several models across several years. Other multiples: PEG 1.2, P/B 0.6, P/S 2.1, EV/EBITDA 10.6.
What is the PEG ratio of RWAY?
The PEG ratio of Runway Growth Finance Corp is 1.16 (P/E divided by earnings growth, as of Sep 23, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Runway Growth Finance Corp (RWAY)?
Balance-sheet figures for Runway Growth Finance Corp (as of Sep 23, 2026): return on equity 1.6%, debt of 1.13 per unit of equity. They feed the Quality Score of 58/100, which measures business quality independently of the share price.
How far is RWAY from its 52-week high?
Runway Growth Finance Corp trades at $6.74, about 22% below its 52-week high of $8.65 and 35% above the low of $5.01 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of $11.42 is for.
Which stocks are comparable to Runway Growth Finance Corp?
From the same area (Financial Services) we also value Blackstone Inc, Brookfield Corporation, 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 Runway Growth Finance Corp stock attractive at the current price?
The data as of Sep 23, 2026: price $6.74, calculated fair value $11.42 (+70%), Quality Score 58/100, from 11 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 RWAY calculated?
We run Runway Growth Finance Corp through 11 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $11.42, 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 13.2 % above its aggregate fair value. Runway Growth Finance Corp currently trades 70 % 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 Runway Growth Finance Corp (RWAY)?
The closing price on Sep 23, 2026 was $6.74. Our model-based fair value is $11.42, about +70% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Runway Growth Finance Corp right now?
The model range is unusually wide ($4.27 to $17.64). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid quality (58/100) at a price below fair value, the discount is the argument here, not the business quality. 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 Runway Growth Finance Corp

How large is the market capitalisation of Runway Growth Finance Corp (RWAY)?
The market capitalisation of Runway Growth Finance Corp is $284M. 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 Runway Growth Finance Corp (RWAY)?
The price-to-sales ratio of Runway Growth Finance Corp is 6.82 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Runway Growth Finance Corp (RWAY)?
Earnings per share at Runway Growth Finance Corp are $0.2400 (price ÷ EPS = P/E 28.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Runway Growth Finance Corp (RWAY)?
The net margin of Runway Growth Finance Corp is 24.3% (fiscal year 2025). 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 Runway Growth Finance Corp (RWAY)?
The return on equity (ROE) of Runway Growth Finance Corp is 1.6% (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 Runway Growth Finance Corp (RWAY)?
On an EBIT basis the return on assets of Runway Growth Finance Corp is 5.6% (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 Runway Growth Finance Corp (RWAY)?
The operating margin of Runway Growth Finance Corp is 84.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Runway Growth Finance Corp (RWAY)?
Revenue at Runway Growth Finance Corp is growing +5.3% versus a year earlier (3y avg +36.5%). 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 Runway Growth Finance Corp (RWAY)?
Earnings per share at Runway Growth Finance Corp are growing +42.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Runway Growth Finance Corp (RWAY) generate?
The free cash flow of Runway Growth Finance Corp is $186M (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 Runway Growth Finance Corp (RWAY) carry?
The net debt of Runway Growth Finance Corp is $432M (fiscal year 2025, ≈ 2.3 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed

Watch Runway Growth Finance Corp in the live analysis

One click puts Runway Growth Finance Corp on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.