(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 27

Risk 81

Buy Signal -1.11

Asset Management » Asset Management & Custody Banks
Age: 15.8y

Market Cap: 3,644m
Avg Trading Vol: 22.9M USD

ATR: 1.60%
Peers RS (IBD): 28.26

EPS (Earnings per Share)

EPS CAGR: -47.74%
EPS Trend: 8.7%

Last SUE: -2.44
Qual. Beats: 0

Revenue

Rev. CAGR: 23.15%
Rev. Trend: 66.2%

Last SUE: -0.66
Qual. Beats: 0

Dividends

Dividend Yield	10.82%
Yield on Cost 5y	17.63%
Yield CAGR 5y	7.46%
Payout Consistency	95.4%
Payout Ratio	104.0%

Risk 5d forecast
Volatility	15.5%
Relative Tail Risk	1.38%

Reward TTM
Sharpe Ratio	-0.25
Alpha	-16.29

Character TTM
Beta	0.648
Beta Downside	0.716

Drawdowns 3y
Max DD	17.01%
CAGR/Max DD	0.63

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) 4.5

Net Income: 376.6m TTM > 0 and > 6% of Revenue
FCF/TA: -0.01 > 0.02 and ΔFCF/TA -5.22 > 1.0
NWC/Revenue: 18.63% < 20% (prev 31.36%; Δ -12.73% < -1%)
CFO/TA -0.01 > 3% & CFO -113.6m > Net Income 376.6m
Net Debt (-100.8m) to EBITDA (449.2m): -0.22 < 3
Current Ratio: 4.41 > 1.5 & < 3
Outstanding Shares: last quarter (266.3m) vs 12m ago 0.72% < -2%
Gross Margin: 75.25% > 18% (prev 0.57%; Δ 7468 % > 0.5%)
Asset Turnover: 7.92% > 50% (prev 5.46%; Δ 2.46% > 0%)
Interest Coverage Ratio: 1.59 > 6 (EBITDA TTM 449.2m / Interest Expense TTM 283.1m)

Altman Z'' 0.41

A: 0.01 (Total Current Assets 168.8m - Total Current Liabilities 38.3m) / Total Assets 8.98b
B: -0.01 (Retained Earnings -48.8m / Total Assets 8.98b)
C: 0.05 (EBIT TTM 449.2m / Avg Total Assets 8.84b)
D: -0.01 (Book Value of Equity -48.5m / Total Liabilities 5.00b)
Altman-Z'' Score: 0.41 = B

What is the price of GBDC shares?

As of January 30, 2026, the stock is trading at USD 13.55 with a total of 2,068,112 shares traded.
Over the past week, the price has changed by -0.95%, over one month by +0.37%, over three months by -1.05% and over the past year by -2.51%.

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	15	10.7%
Analysts Target Price	15	10.7%
ValueRay Target Price	16.2	19.3%

GBDC Fundamental Data Overview January 25, 2026

P/E Trailing = 9.6338
P/E Forward = 9.2421
P/S = 4.1848
P/B = 0.905
P/EG = 1.51
Revenue TTM = 700.6m USD
EBIT TTM = 449.2m USD
EBITDA TTM = 449.2m USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = 4.90b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -100.8m USD (from netDebt column, last quarter)
Enterprise Value = 8.44b USD (3.64b + Debt 4.90b - CCE 100.8m)
Interest Coverage Ratio = 1.59 (Ebit TTM 449.2m / Interest Expense TTM 283.1m)
EV/FCF = -74.34x (Enterprise Value 8.44b / FCF TTM -113.6m)
FCF Yield = -1.35% (FCF TTM -113.6m / Enterprise Value 8.44b)
FCF Margin = -16.21% (FCF TTM -113.6m / Revenue TTM 700.6m)
Net Margin = 53.76% (Net Income TTM 376.6m / Revenue TTM 700.6m)
Gross Margin = 75.25% ((Revenue TTM 700.6m - Cost of Revenue TTM 173.4m) / Revenue TTM)
Gross Margin QoQ = 100.0% (prev 58.94%)
Tobins Q-Ratio = 0.94 (Enterprise Value 8.44b / Total Assets 8.98b)
Interest Expense / Debt = 1.44% (Interest Expense 70.4m / Debt 4.90b)
Taxrate = 21.0% (US default 21%)
NOPAT = 354.8m (EBIT 449.2m * (1 - 21.00%))
Current Ratio = 4.41 (Total Current Assets 168.8m / Total Current Liabilities 38.3m)
Debt / Equity = 1.23 (Debt 4.90b / totalStockholderEquity, last quarter 3.98b)
Debt / EBITDA = -0.22 (Net Debt -100.8m / EBITDA 449.2m)
Debt / FCF = 0.89 (negative FCF - burning cash) (Net Debt -100.8m / FCF TTM -113.6m)
Total Stockholder Equity = 4.01b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.26% (Net Income 376.6m / Total Assets 8.98b)
RoE = 9.39% (Net Income TTM 376.6m / Total Stockholder Equity 4.01b)
RoCE = 5.02% (EBIT 449.2m / Capital Employed (Total Assets 8.98b - Current Liab 38.3m))
RoIC = 3.97% (NOPAT 354.8m / Invested Capital 8.94b)
WACC = 4.19% (E(3.64b)/V(8.54b) * Re(8.30%) + D(4.90b)/V(8.54b) * Rd(1.44%) * (1-Tc(0.21)))
Discount Rate = 8.30% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 25.30%
Fair Price DCF = unknown (Cash Flow -113.6m)
EPS Correlation: 8.68 | EPS CAGR: -47.74% | SUE: -2.44 | # QB: 0
Revenue Correlation: 66.17 | Revenue CAGR: 23.15% | SUE: -0.66 | # 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=1.43 | Chg30d=-0.007 | Revisions Net=-2 | Growth EPS=-4.8% | Growth Revenue=-8.2%
EPS next Year (2027-09-30): EPS=1.29 | Chg30d=-0.005 | Revisions Net=-1 | Growth EPS=-9.7% | Growth Revenue=-5.7%

Additional Sources for GBDC Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Fund Manager Positions: Dataroma | Stockcircle