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Golub Capital BDC, Inc.

GBDC Financial Asset Management

Golub Capital BDC, Inc.’s revenue for fiscal 2025 (year ended September 2025) was $870.8 million, up 20.2% from fiscal 2024.

Revenue
−14.0%
EPS
−35.3%
Free cash flow
+196.2%
Total debt
−11.5%

Quarter to June 2026, against a year earlier

12.93 0.15 −1.15%
Market cap
$3.4B
P/E
19.9×
Fwd P/E
20.6×
Dividend yield
10.7%
F-score
3/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Golub Capital BDC, Inc. (GBDC) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, Golub Capital BDC, Inc. (GBDC) trades at a P/B ratio of 0.9×. Over the past ten years it has ranged from 0.5× (November 2019) to 1.2× (March 2017); the current reading is higher than 24% of that period. That is in line with the Asset Management industry median of 0.9× and below the Financial sector median of 1.3×.

P/B ratio, daily

Embed this chart

Annual newest first

Period P/B ratio Change
FY2025 0.9× 20.71%
FY2024 0.8× (20.71%)
FY2023 1.0× 14.94%
FY2022 0.8× (19.19%)
FY2021 1.0× 24.99%
FY2020 0.8× 48.23%
FY2019 0.6× (53.62%)
FY2018 1.2× 7.21%
FY2017 1.1× 3.82%
FY2016 1.1× 13.65%

Quarterly newest first

Period P/B ratio Change
Jun 2026 0.9× 2.05%
Mar 2026 0.9× (3.07%)
Dec 2025 0.9× 0.10%
Sep 2025 0.9× (6.55%)
42 more quarters

Against its own ten years

Low 0.5× High 1.2×
Ten-year median 1.0×
Current reading's percentile 27

P/B ratio against peers

Company P/B ratio
FSK FS KKR Capital Corp. compare 0.7×
GBDC Golub Capital BDC, Inc. 0.9×
HTGC Hercules Capital, Inc. compare 1.3×
ASST Strive, Inc. compare 2.4×
AB AllianceBernstein Holding L.P. compare 2.7×
APAM Artisan Partners Asset Management Inc. compare 5.4×
CNS Cohen & Steers Inc compare 5.6×
WT WisdomTree, Inc. compare 6.3×
AAMI Acadian Asset Management Inc. compare 16.2×
Asset Management industry median 0.9×
Financial sector median 1.3×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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