(GBDC) Golub Capital BDC - Overview
Exchange: NASDAQ •
Country: United States •
Currency: USD •
Type: Common Stock •
ISIN: US38173M1027
Stock: Senior Debt, Unitranche, Mezzanine, Warrants
Total Rating 26
Risk 47
Buy Signal -1.69
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 10.82% |
| Yield on Cost 5y | 17.03% |
| Yield CAGR 5y | 7.46% |
| Payout Consistency | 95.4% |
| Payout Ratio | 104.0% |
| Risk 5d forecast | |
|---|---|
| Volatility | 34.5% |
| Relative Tail Risk | 2.88% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.60 |
| Alpha | -20.65 |
| Character TTM | |
|---|---|
| Beta | 0.665 |
| Beta Downside | 0.743 |
| Drawdowns 3y | |
|---|---|
| Max DD | 17.01% |
| CAGR/Max DD | 0.50 |
Description: GBDC Golub Capital BDC January 10, 2026
Golub Capital BDC, Inc. (NASDAQ: GBDC) is an externally managed, closed-end business development company that provides first-lien senior debt, unitranche, mezzanine and minority-equity capital to U.S. middle-market firms, many of which are backed by private-equity sponsors. Its portfolio spans diversified consumer services, automotive, health-care technology and equipment, hotels and leisure, IT services, and specialty retail.
As of the most recent quarterly filing, GBDC reported roughly $1.5 billion in assets under management and a portfolio weighted-average credit rating of B- (indicative of sub-investment-grade risk). The company’s dividend yield hovered near 8.5 % and its net interest margin was about 5.2 %, reflecting a focus on higher-yielding senior secured loans. Key macro drivers include the Fed’s interest-rate trajectory-higher rates compress loan spreads-and the health of private-equity deal flow, which fuels new investment opportunities in the middle-market segment.
For a deeper, data-driven view of GBDC’s valuation and risk profile, you might explore the analytics on ValueRay.
Piotroski VR‑10 (Strict, 0-10) 7.0
| Net Income: 361.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA 7.48 > 1.0 |
| NWC/Revenue: 13.03% < 20% (prev 22.69%; Δ -9.66% < -1%) |
| CFO/TA 0.05 > 3% & CFO 473.1m > Net Income 361.1m |
| Net Debt (-58.4m) to EBITDA (338.4m): -0.17 < 3 |
| Current Ratio: 3.41 > 1.5 & < 3 |
| Outstanding Shares: last quarter (263.7m) vs 12m ago -0.25% < -2% |
| Gross Margin: 86.39% > 18% (prev 0.56%; Δ 8583 % > 0.5%) |
| Asset Turnover: 7.91% > 50% (prev 6.10%; Δ 1.81% > 0%) |
| Interest Coverage Ratio: 1.24 > 6 (EBITDA TTM 338.4m / Interest Expense TTM 272.4m) |
Altman Z'' 0.27
| A: 0.01 (Total Current Assets 130.6m - Total Current Liabilities 38.3m) / Total Assets 8.89b |
| B: -0.01 (Retained Earnings -86.3m / Total Assets 8.89b) |
| C: 0.04 (EBIT TTM 338.4m / Avg Total Assets 8.95b) |
| D: -0.02 (Book Value of Equity -86.1m / Total Liabilities 4.98b) |
| Altman-Z'' Score: 0.27 = B |
What is the price of GBDC shares?
As of February 10, 2026, the stock is trading at USD 12.55 with a total of 2,562,303 shares traded.
Over the past week, the price has changed by -3.83%, over one month by -9.12%, over three months by -7.27% and over the past year by -11.03%.
Over the past week, the price has changed by -3.83%, over one month by -9.12%, over three months by -7.27% and over the past year by -11.03%.
Is GBDC a buy, sell or hold?
Golub Capital BDC has received a consensus analysts rating of 4.00.
Therefore, it is recommended to buy GBDC.
- StrongBuy: 2
- Buy: 1
- Hold: 2
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the GBDC price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 14.5 | 15.7% |
| Analysts Target Price | 14.5 | 15.7% |
| ValueRay Target Price | 14.9 | 18.3% |
GBDC Fundamental Data Overview February 09, 2026
P/E Trailing = 10.04
P/E Forward = 8.4818
P/S = 3.8544
P/B = 0.8451
P/EG = 1.51
Revenue TTM = 708.3m USD
EBIT TTM = 338.4m USD
EBITDA TTM = 338.4m USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = 4.90b USD (from shortLongTermDebtTotal, last fiscal year)
Net Debt = -58.4m USD (from netDebt column, last quarter)
Enterprise Value = 8.15b USD (3.30b + Debt 4.90b - CCE 58.4m)
Interest Coverage Ratio = 1.24 (Ebit TTM 338.4m / Interest Expense TTM 272.4m)
EV/FCF = 17.22x (Enterprise Value 8.15b / FCF TTM 473.1m)
FCF Yield = 5.81% (FCF TTM 473.1m / Enterprise Value 8.15b)
FCF Margin = 66.80% (FCF TTM 473.1m / Revenue TTM 708.3m)
Net Margin = 50.98% (Net Income TTM 361.1m / Revenue TTM 708.3m)
Gross Margin = 86.39% ((Revenue TTM 708.3m - Cost of Revenue TTM 96.4m) / Revenue TTM)
Gross Margin QoQ = none% (prev none%)
Tobins Q-Ratio = 0.92 (Enterprise Value 8.15b / Total Assets 8.89b)
Interest Expense / Debt = 1.35% (Interest Expense 66.3m / Debt 4.90b)
Taxrate = 0.0% (0.0 / 95.8m)
NOPAT = 338.4m (EBIT 338.4m * (1 - 0.00%))
Current Ratio = 3.41 (Total Current Assets 130.6m / Total Current Liabilities 38.3m)
Debt / Equity = 1.25 (Debt 4.90b / totalStockholderEquity, last quarter 3.91b)
Debt / EBITDA = -0.17 (Net Debt -58.4m / EBITDA 338.4m)
Debt / FCF = -0.12 (Net Debt -58.4m / FCF TTM 473.1m)
Total Stockholder Equity = 3.98b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.03% (Net Income 361.1m / Total Assets 8.89b)
RoE = 9.07% (Net Income TTM 361.1m / Total Stockholder Equity 3.98b)
RoCE = 3.82% (EBIT 338.4m / Capital Employed (Total Assets 8.89b - Current Liab 38.3m))
RoIC = 3.80% (NOPAT 338.4m / Invested Capital 8.91b)
WACC = 4.17% (E(3.30b)/V(8.20b) * Re(8.36%) + D(4.90b)/V(8.20b) * Rd(1.35%) * (1-Tc(0.0)))
Discount Rate = 8.36% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 24.67%
[DCF Debug] Terminal Value 80.82% ; FCFF base≈473.1m ; Y1≈310.6m ; Y5≈141.7m
Fair Price DCF = 17.38 (EV 4.52b - Net Debt -58.4m = Equity 4.57b / Shares 263.2m; r=5.90% [WACC]; 5y FCF grow -40.0% → 2.90% )
EPS Correlation: 36.25 | EPS CAGR: -1.39% | SUE: -0.05 | # QB: 0
Revenue Correlation: 70.14 | Revenue CAGR: 25.39% | SUE: -0.08 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.36 | Chg30d=-0.003 | Revisions Net=+1 | Analysts=5
EPS current Year (2026-09-30): EPS=1.42 | Chg30d=-0.018 | Revisions Net=-2 | Growth EPS=-5.6% | Growth Revenue=-8.3%
EPS next Year (2027-09-30): EPS=1.30 | Chg30d=+0.001 | Revisions Net=-1 | Growth EPS=-8.5% | Growth Revenue=-4.6%
P/E Forward = 8.4818
P/S = 3.8544
P/B = 0.8451
P/EG = 1.51
Revenue TTM = 708.3m USD
EBIT TTM = 338.4m USD
EBITDA TTM = 338.4m USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = 4.90b USD (from shortLongTermDebtTotal, last fiscal year)
Net Debt = -58.4m USD (from netDebt column, last quarter)
Enterprise Value = 8.15b USD (3.30b + Debt 4.90b - CCE 58.4m)
Interest Coverage Ratio = 1.24 (Ebit TTM 338.4m / Interest Expense TTM 272.4m)
EV/FCF = 17.22x (Enterprise Value 8.15b / FCF TTM 473.1m)
FCF Yield = 5.81% (FCF TTM 473.1m / Enterprise Value 8.15b)
FCF Margin = 66.80% (FCF TTM 473.1m / Revenue TTM 708.3m)
Net Margin = 50.98% (Net Income TTM 361.1m / Revenue TTM 708.3m)
Gross Margin = 86.39% ((Revenue TTM 708.3m - Cost of Revenue TTM 96.4m) / Revenue TTM)
Gross Margin QoQ = none% (prev none%)
Tobins Q-Ratio = 0.92 (Enterprise Value 8.15b / Total Assets 8.89b)
Interest Expense / Debt = 1.35% (Interest Expense 66.3m / Debt 4.90b)
Taxrate = 0.0% (0.0 / 95.8m)
NOPAT = 338.4m (EBIT 338.4m * (1 - 0.00%))
Current Ratio = 3.41 (Total Current Assets 130.6m / Total Current Liabilities 38.3m)
Debt / Equity = 1.25 (Debt 4.90b / totalStockholderEquity, last quarter 3.91b)
Debt / EBITDA = -0.17 (Net Debt -58.4m / EBITDA 338.4m)
Debt / FCF = -0.12 (Net Debt -58.4m / FCF TTM 473.1m)
Total Stockholder Equity = 3.98b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.03% (Net Income 361.1m / Total Assets 8.89b)
RoE = 9.07% (Net Income TTM 361.1m / Total Stockholder Equity 3.98b)
RoCE = 3.82% (EBIT 338.4m / Capital Employed (Total Assets 8.89b - Current Liab 38.3m))
RoIC = 3.80% (NOPAT 338.4m / Invested Capital 8.91b)
WACC = 4.17% (E(3.30b)/V(8.20b) * Re(8.36%) + D(4.90b)/V(8.20b) * Rd(1.35%) * (1-Tc(0.0)))
Discount Rate = 8.36% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 24.67%
[DCF Debug] Terminal Value 80.82% ; FCFF base≈473.1m ; Y1≈310.6m ; Y5≈141.7m
Fair Price DCF = 17.38 (EV 4.52b - Net Debt -58.4m = Equity 4.57b / Shares 263.2m; r=5.90% [WACC]; 5y FCF grow -40.0% → 2.90% )
EPS Correlation: 36.25 | EPS CAGR: -1.39% | SUE: -0.05 | # QB: 0
Revenue Correlation: 70.14 | Revenue CAGR: 25.39% | SUE: -0.08 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.36 | Chg30d=-0.003 | Revisions Net=+1 | Analysts=5
EPS current Year (2026-09-30): EPS=1.42 | Chg30d=-0.018 | Revisions Net=-2 | Growth EPS=-5.6% | Growth Revenue=-8.3%
EPS next Year (2027-09-30): EPS=1.30 | Chg30d=+0.001 | Revisions Net=-1 | Growth EPS=-8.5% | Growth Revenue=-4.6%