Price as of close on Nov 3, 2026 · Financials updated Nov 4, 2026
Basics
Sector
Financial Services
Industry
Asset Management
Country
United States
Market cap
3.3B USD
Enterprise value
7.6B USD
Overall health
Strength:its shares are priced lower than most peers relative to what it earnspriced lower than peers for its earnings
Drawback:higher risk than most peers: less short-term liquidity (current ratio 0.14 vs a peer median of 2.02)higher risk: less liquidity (current ratio 0.14 vs peers 2.02)
About average: profitability
Ranks #81 of 232 financial services companies (top 35%)
Cash flow well above reported profit. Free cash flow is 5.4× reported profit.
Free cash flow is 5.4× reported profit. Large non-cash charges, such as depreciation, amortization or stock-based pay, reduce reported profit without using cash.
Fast revenue growth. Revenue grew 50% in the 12 months to June 2026 vs the 12 months before, faster than 87% of peers.
Revenue grew 50% in the 12 months to June 2026 vs the 12 months before, faster than 87% of its peers.
Since last quarter: No major changeValuation also moves with the share price every day.
Why it changed since the Oct 27, 2026 close: Score 75 → 73
Peer companies moved-2
Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.
Revenue and earnings-per-share growth over one year, and revenue growth over three years.
Earnings per share growth-53.1%
SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -2.27Sector median: 0.0999 · MAD: 0.2773
3-year revenue growth35.1%
Yahoo Finance fallback · SEC figure unavailable or out of date · 3 fiscal years to Sep 2025Reported value33% base weight · Z-score 2.93Sector median: 0.0999 · MAD: 0.0858
Revenue growth49.6%
Yahoo Finance fallback · SEC figure unavailable or out of date · fiscal year to Sep 2025Reported value33% base weight · Z-score 2.86Sector median: 0.0742 · MAD: 0.1477
Why it changed since the Oct 27, 2026 close: Score 43 → 44
Peer companies moved+1
Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.
Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.
Questions investors ask about Golub Capital BDC
Is Golub Capital BDC getting weaker?
Its latest SEC filing (Aug 3, 2026) showed no major changes. Its overall score is unchanged at 57/100 since Oct 28, 2026.
How is Golub Capital BDC valued vs its peers?
Priced lower than most peers relative to what it earns. Valuation scores 73/100 against 432 financial services peers.Free cash flow yield 27.8% vs a peer median of 6.1% (stronger than 85% of peers).Free cash flow yield 27.8% vs peers 6.1% (stronger than 85% of peers).
Is Golub Capital BDC growing?
Yes, faster than most of its peers. Growth scores 78/100 against 432 financial services peers.3-year revenue growth 35.1% vs a peer median of 10.0% (stronger than 91% of peers).3-year revenue growth 35.1% vs peers 10.0% (stronger than 91% of peers).Earnings per share growth -53.1% vs a peer median of 10.0% (weaker than 92% of peers).Earnings per share growth -53.1% vs peers 10.0% (weaker than 92% of peers).
How profitable is Golub Capital BDC?
About as profitable as its peers. Profitability scores 44/100 against 432 financial services peers.
How risky is Golub Capital BDC?
Higher risk relative to 432 financial services peers, judged on debt, liquidity and share-price swings.Beta 0.44 vs a peer median of 0.70 (stronger than 74% of peers).Beta 0.44 vs peers 0.70 (stronger than 74% of peers).Current ratio 0.14× vs a peer median of 2.02× (weaker than 100% of peers).Current ratio 0.14× vs peers 2.02× (weaker than 100% of peers). A relative measure, not a bankruptcy probability.
Latest filing: what changed
Quarter ended Jun 30, 2026 · filed Aug 3, 2026 · compared with the quarter ended Mar 31, 2026
No major changes
Previous quarter
Latest quarter
Change
Net income (12 months)
204.8M USD
171.7M USD
−16.1%
Debt
4.7B USD
4.5B USD
−3.5%
Cash
135.2M USD
70.7M USD
−47.7%
Shares outstanding
260.5M
259.7M
−0.3%
From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.
Industry valuation context
Industry: Asset Management · 43 companies
Valuations in Asset Management are near the top of their range since 2016.
95% of months since 2016 were valued lower than now.
37% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +10% and earnings +13% (medians): prices and earnings moved broadly together.
Median price-to-sales is +31% vs the whole market, against a usual +6%.
2016Shaded: most expensive fifth of its range2026
Golub Capital BDC looks cheaper than most of its peers on our valuation measures, while the Asset Management industry as a whole is valued high by its own standards since 2016. Both can be true at once.
Describes valuations since 2016; it does not predict prices. US companies worth $1B+, from SEC filings and month-end prices, as of Aug 2026. Today's companies and industry labels are used throughout. Measured on earnings, sales and free cash flow yields. How this works
Financials
Fiscal years from SEC annual filings · change vs the prior year
Key ratios
FY Sep 2021
FY Sep 2022
FY Sep 2023
FY Sep 2024
FY Sep 2025
Change
Return on assets (ROA)
6.6%
2.7%
4.5%
3.1%
4.2%
▲ 1.0 pts
Return on equity (ROE)
13.2%
6.0%
10.2%
6.8%
9.5%
▲ 2.6 pts
Debt to equity
0.99×
1.21×
1.22×
1.15×
1.23×
▲ 7.4%
GBDC price history
Price history is added with the daily price update and will appear after the next one.