WhiteHorse Finance, Inc. (NASDAQ: WHF) maintains a trailing price-to-earnings (P/E) ratio fluctuating typically between 8.95 and 9.20, while forward P/E estimates hover around 7.29. As a business development company (BDC) specializing in debt financing and private credit investments, its valuation ratios reflect steady net interest margins, interest rate cycles, and periodic earnings adjustments associated with lower middle-market lending portfolios.