Golub Capital BDC Inc
Research Golub Capital BDC Inc (GBDC) on Bullrun: valuation model: 15.9% overvalued, market cap USD 3.15B, P/E 18.6, dividend yield 11.4%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerGBDC
- ExchangeNASDAQ
- CountryUnited States
- SectorFinancial Services
- IndustryAsset Management
- CurrencyUSD
- Valuation signal15.9% overvalued
- Market capUSD 3.15B
- P/E18.6
- Dividend yield11.4%
- Financial periodQ2 2026
- RevenueUSD 65.10M
- Net incomeUSD 57.01M
- Free cash flowUSD 192.74M
Valuation Snapshot
Bullrun's latest valuation model marks Golub Capital BDC Inc as 15.9% overvalued; latest market cap is USD 3.15B; P/E is 18.6; dividend yield is 11.4%.
Peer valuation comparison
Latest P/E is 18.64x versus a Financial Services sector median of 13.41x (39.0% above).
Latest dividend yield is 11.41% versus a Financial Services sector median of 3.66% (212.2% above).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 407.83M | USD 376.65M | -USD 113.59M | n/a | 1.42 | USD 11.94M | USD 4.90B | USD 3.98B |
| FY2024 | USD 272.57M | USD 273.79M | USD 343.91M | n/a | 1.36 | USD 123.12M | USD 4.60B | USD 4.01B |
| FY2023 | USD 277.05M | USD 258.63M | USD 195.37M | n/a | 1.52 | USD 65.62M | USD 3.12B | USD 2.55B |
| FY2022 | USD 165.28M | USD 153.44M | -USD 416.46M | n/a | 0.9 | USD 117.29M | USD 3.08B | USD 2.54B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-12 | USD 3.15B | 18.6 | 11.4% | 1.38 |
| 2025 | 2025-12-31 | USD 3.57B | 10.9 | 11.5% | 1.56 |
| 2024 | 2024-12-31 | USD 4.02B | 11.0 | 12.7% | 1.93 |
| 2023 | 2023-12-29 | USD 2.56B | 9.9 | 10.0% | 1.51 |
| 2022 | 2022-12-30 | USD 2.25B | 14.6 | 9.3% | 1.23 |
| 2021 | 2021-12-31 | USD 2.64B | 8.4 | 7.6% | 1.17 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 1.38 USD, yield 11.4%.
| Year | Dividends/share |
|---|---|
| FY2025 | 1.65 USD |
| FY2024 | 1.89 USD |
| FY2023 | 1.4 USD |
| FY2022 | 1.2 USD |
About Golub Capital BDC Inc
Golub Capital BDC, Inc. (GBDC) is a Private Debt, business development company and operates as an externally managed closed-end non-diversified management investment company. It invests in debt and minority equity investments in middle-market companies that are, in most cases, sponsored by private equity investors.
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Frequently asked questions
Is Golub Capital BDC Inc overvalued or undervalued?
Bullrun's valuation model currently marks Golub Capital BDC Inc as 15.9% overvalued.
What is Golub Capital BDC Inc's market cap?
Golub Capital BDC Inc's market capitalization is USD 3.15B.
What is Golub Capital BDC Inc's P/E ratio?
Golub Capital BDC Inc's price-to-earnings (P/E) ratio is 18.6.
Does Golub Capital BDC Inc pay a dividend?
Golub Capital BDC Inc has a dividend yield of 11.4%.
What does Golub Capital BDC Inc do?
Golub Capital BDC, Inc. (GBDC) is a Private Debt, business development company and operates as an externally managed closed-end non-diversified management investment company. It invests in debt and minority equity investments in middle-market companies that are, in most cases, sponsored by private equity investors. It typically invests in diversified consumer services, automobiles, healthcare technology, insurance, health care equipment and supplies, hotels, restaurants and leisure, healthcare providers and services, IT services and specialty retails. It seeks to invest in the United States.