Golub Capital BDC, Inc. (GBDC) is a publicly traded company in the Financial Services — Asset Management industry listed on NASDAQ. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
Golub Capital BDC, Inc. (GBDC) operates as an externally managed, closed-end investment company, specializing as a business development company (BDC) with a non-diversified portfolio management strategy. The firm provides financing through debt instruments and minority equity stakes to middle-market businesses, predominantly those backed by private equity sponsors.
Is Golub Capital BDC, Inc. stock overvalued or undervalued in 2026?
As of October 2, 2026, Golub Capital BDC, Inc. (GBDC) trades at 22.5× earnings (P/E), against a median of 13.0× across the 393 financial services companies above $2bn in Kaplio's universe. Kaplio's verdict: expensive. At the decade median (13.0×) $7 (-42 %); at its sector median (13.0×) $7 (-42 %).
Kaplio overview: Golub Capital BDC, Inc.
Market cap $3B · 52 weeks $12 – $14 (6 % below the high) · P/E 22.5× · 2027 expected P/E 10.0× · Dividend 11.2 % · Next earnings November 17, 2026 · expected EPS $0.33 · Price as of Oct 2 · accounts published Aug 3.
- Valuation: P/E 22.5× (expensive).
- Business: ROE 3.8 % (weak).
- Balance sheet: Debt/Equity 1.22 (fragile).
- Earnings: 3 of 8 (disappointing).
What would it be worth at its usual multiples?
At the decade median (13.0×) $7 (-42 %); at its sector median (13.0×) $7 (-42 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
What matters in financial services: 2 of 6 pass
- ROE 3.8 %, fails.
- FCF / Net Income −30.2 %, fails.
- Debt / Equity 1.22, fails.
- P/E vs own 5y 22.5×, fails.
- 5y revenue growth 28.0 %, passes.
- Operating margin 78.9 %, passes.
Against its peers (reference peers) — Golub Capital BDC, Inc.: P/E 22.5×; EV/EBITDA 19.7×; ROIC 4.8 %; $3.3B. AllianceBernstein Holding L.P. (P/E 10.4×; EV/EBITDA 9.5×; ROIC 25.1 %; $3.3B), Hercules Capital, Inc. (P/E 8.0×; EV/EBITDA 15.5×; ROIC —; $3.2B), FS KKR Capital Corp. (P/E —; EV/EBITDA 17.4×; ROIC 2.0 %; $3.1B).
Expensive or cheap against its last ten years?
P/E at each close: today 22.5× · median 13.0× · minimum 9.0× · maximum 22.5× · cheap below 11.3× · expensive above 14.9×. It has been cheaper than today 100% of the time over its last ten years.
Dividend
fragile · Yield 11.15 % ($1.38 per share in 2025) · 5-year growth +9 % a year · Free cash flow coverage 0.6× · With $1,000 invested today you'd collect $111.50 a year ($9.29 a month).
Profitability
| Return on Equity | 3.82% |
| Return on Invested Capital | 4.81% |
| Return on Assets | 1.76% |
| Gross Margin | 74.39% |
| Operating Margin | 55.46% |
| Net Margin | 20.51% |
Financial Health
| Debt / Equity | 1.22 |
| Current Ratio | 1.48 |
| Piotroski F-Score | 4 |
| Altman Z-Score | 0.80 |
Price Performance
| 1 month | -4.77% |
| 3 months | -2.90% |
| Year-to-date | -8.77% |
| 1 year | -9.57% |
| 3 years | -12.88% |
| 5 years | -21.84% |
Dividend History
Paid in the last 12 months: $1.3800 per share in 4 payments.
| Date | Amount |
|---|---|
| 2026-09-14 | $0.3300 |
| 2026-06-15 | $0.3300 |
| 2026-03-13 | $0.3300 |
| 2025-12-12 | $0.3900 |
| 2025-09-15 | $0.3900 |
| 2025-06-13 | $0.3900 |
| 2025-03-03 | $0.3900 |
| 2024-12-09 | $0.3900 |
| 2024-11-29 | $0.0900 |
| 2024-08-30 | $0.3900 |
Amounts adjusted for stock splits.
Related companies: AB · AGO · APAM · CNS · ECC · FHI · FSK
Explore sector: Financial Services · Asset Management
More sections of GBDC: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
Discover more: Weekly Radar: the S&P 500 through the Buffett and Lynch methods · Investment Academy — learn to analyze stocks