Prices and market caps: Cboe delayed data, at least 15 minutes delayed. Not real-time. Fundamentals from company filings.

GAIN — Fair Value Analysis

GLADSTONE INVESTMENT CORPORATION\DE

Current: $15.90Undervalued

Fair Value Range

Bear Case (25th pct.)

$42.89

169.7% vs price

Base Case (Median)

$45.68

187.3% vs price

Bull Case (75th pct.)

$48.46

204.8% vs price

$42.89$45.68$48.46

◇ = Current price | | Bear | Base | Bull

Method Breakdown

Method	Est. Value	vs Price	Weight
PE Comparable	$51.25	222.3%	Medium (25%)
Graham Number	$40.10	152.2%	High (80%)

Interpretation

Based on 2 out of 8 methods, GAIN appears undervalued at the current price of $15.90. The base case fair value of $45.68 implies 187.3% upside.

Bear/base/bull cases represent the 25th, 50th, and 75th percentile of available method estimates. This is not financial advice. Valuation is inherently uncertain.