Valuation of Blue Owl Technology Finance Corp. (OTF): TTM P/E 16.6×, P/B 0.59, EV/EBITDA 12.6, dividend yield 16.34%. The price range it would trade at on its usual multiples and on its sector's, with its peers' multiples and a comparison against other Financial Services companies.
Blue Owl Technology Finance Corp. (BOTF) functions as a Business Development Company (BDC), concentrating its efforts on providing financial backing to established, growth-oriented businesses within the upper middle-market segment. The firm primarily targets innovative technology and software companies, deploying capital predominantly across the United States. BOTF's investment strategies involve a diverse range of debt and equity instruments.
Where would it trade at its usual multiples?
Versus its usual multiples: expensive · Current P/E 16.6× · Multiples range: $7.63 · $7.63.
At its sector median (12.9×) $8 (-22%). 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.
Analysis Summary
Blue Owl Technology Finance Corp. reported revenue of $1.07B in the most recent fiscal year, growing at a 5-year CAGR of 44.5%. Net income reached $720.4M, with a 42.6% 5-year CAGR.
Trailing-twelve-month margins: gross margin 61.1%, operating margin 25.4%, net margin 19.6%.
At $9.79 (closing price, November 4, 2026), OTF trades at a P/E of 16.57 and an ROE of 3.53%. Market capitalisation stands at $4.5B.
Balance sheet quality for OTF: debt-to-equity ratio of 0.00, current ratio of 0.00 over the last 12 months. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.
Valuation Ratios
| P/E Ratio | 16.57 |
| Price / Book | 0.59 |
| EV / EBITDA | 12.6 |
| Dividend Yield | 16.34% |
Peer Comparison
| Symbol | Company | Market Cap | P/E | P/B | ROE |
|---|---|---|---|---|---|
| OTF | Blue Owl Technology Finance Corp. | $4.5B | 16.57 | 0.59 | 3.5% |
| HON | Honeywell International Inc. | $72.4B | 10.33 | 3.20 | 36.2% |
| PNFP | Pinnacle Financial Partners, Inc. | $15.8B | 12.50 | 1.08 | 8.0% |
| HLNE | Hamilton Lane Incorporated | $5.3B | 14.09 | 3.90 | 30.3% |
| MARA | Marathon Digital Holdings, Inc. | $2.7B | 1.58 | -110.4% | |
| AMG | Affiliated Managers Group, Inc. | $9.4B | 12.63 | 3.17 | 26.9% |
| JHG | Janus Henderson Group plc | $8.0B | 10.23 | 1.50 | 15.4% |
| OBDC | Blue Owl Capital Corporation | $5.3B | 15.82 | 0.76 | 4.6% |
Price
| Price | $9.79 (closing price, November 4, 2026) |
| Market Cap | $4.5B |
| Exchange | NYSE |
| Country | US |
Profitability
| Return on Equity | 3.53% |
| Return on Invested Capital | 328.07% |
| Return on Assets | 1.78% |
| Gross Margin | 61.14% |
| Operating Margin | 25.38% |
| Net Margin | 19.58% |
Related companies: HON · PNFP · HLNE · MARA · AMG · OBDC · MAIN
Explore sector: Financial Services · Asset Management
More sections of OTF: Overview · Financials · Estimates · Technical · Ownership
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