Golub Capital BDC, Inc. (GBDC)
UndervaluedFundamental
68
Price
$12.12
Market Cap
$3.11B
Part 1 · What the company is worth
Overview
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. It primarily invests in first lien traditional senior debt, first lien one stop, junior debt and equity, senior secured, one stop, unitranche, second lien, subordinated and mezzanine loans of middle-market companies, and warrants.
No editorial profile for this company yet
Direct competitors
Who this company fights with for the same customers
Generated with artificial intelligence on September 18, 2026, shared with all users
The largest US business development company, competing directly with Golub for the same senior secured and unitranche loans to private-equity-backed US middle-market borrowers.
A direct lender to sponsor-backed upper-middle-market companies, bidding on the same first lien and unitranche deals Golub originates.
Invests in floating-rate first lien senior secured loans to large US middle-market companies, the same borrowers and deal structures Golub targets.
Originates first and second lien senior secured loans to private-equity-sponsored US middle-market companies, competing for the same sponsor relationships.
A directly originated senior secured lender to US middle-market companies, competing on the same proprietary deal flow.
One of the largest US BDCs, lending senior secured and subordinated debt to the same private middle-market borrowers Golub finances.
Balance Sheet & Liquidity
Revenue
$798M
Fiscal year ended 9/30/2025
Net Income
$377M
Fiscal year ended 9/30/2025
Free Cash Flow
-
Total Equity
$3.98B
Total Liabilities
$5.00B
Current Ratio
2.20
Interest Coverage
-
Debt/EBITDA
-
Earnings Per Share
Revenue & Net Income
Free Cash Flow
Income Breakdown
No income data available
Historical statement
Margins over time
Debt over time
How heavy the debt is
Growth grid
Growth — Revenue
Fair Value Estimation
Fair Value
$18.77
Current Price
$12.12
Margin of Safety
+35.4%
Fair Value Range
$12.20 - $25.33
Spread across the valuation methods used, not a statistically calibrated confidence interval.
Estimation Methods
Valuation Metrics
P/E Ratio
18.65
ROE
9.5%
P/B Ratio
0.85
P/FCF
-
Gross Margin
-
ROIC
-
Profitability Radar
Value Creation (Economic Moat)
ROIC
-
WACC
3.2%
ROIC − WACC
-
Fundamental Analysis Criteria
Passed (9)
- EPS shows upward trend
- EPS CAGR 30.86%
- P/B ratio 0.85
- Debt/equity ratio
- Low reliance on intangibles
- Price below Graham Number
- Revenue growth 5Y 23.8%
- PEG ratio 0.58
- Earnings quality (operating cash flow / net income) 5.35
Failed (7)
- Price CAGR -3.63%
- Return on tangible assets
- DCF valuation (Unknown)
- ROE 4.5%
- Earnings surprise, average -51.5%
- Share dilution 31.8%
- Piotroski F-Score 2/9
Unavailable (11)
- ROIC –
- Gross margin –
- P/FCF –
- Dividend payout –
- Operating margin –
- Positive free cash flow
- CapEx intensity
- Current ratio
- Interest coverage
- Debt/EBITDA
- Net margin trend (invalid data)
Piotroski F-Score
Serious financial concerns
Earnings Quality
High quality: earnings backed by cash
Share Dilution
Issuing new shares, diluting ownership
Institutional Holdings
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Mr. David B. Golub Ph.D. | CEO & Chairman | 63 |
| Mr. Christopher Compton Ericson CPA | CFO & Treasurer | 45 |
| Mr. Timothy J. Topicz | COO & Director of Golub Capital | 40 |
| Ms. Wu-Kwan Kit | Chief Compliance Officer & Secretary | 44 |
| Mr. Andrew H. Steuerman | Senior Managing Director of Golub Capital | 57 |
| Mr. Gregory W. Cashman | Senior Managing Director of Golub Capital | 60 |
| Mr. Brian J. Carroll | Senior Vice President | - |
| Mr. Stefano F. Robertson | Managing Director | - |
| Mr. Craig J. Petrusha | Principal | - |
| Mr. Matthew B. Fulk | Principal | - |
Documents
- View document
Annual Report (10-K)
A yearly overview of the business, its financial results, and the risks it faces.
Filed on 2025-11-18
- View document
Quarterly Report (10-Q)
A snapshot of financial performance for the most recent three-month period.
Filed on 2026-08-03
- View document
Current Report (8-K)
An announcement of a major event, such as a leadership change or big news.
Filed on 2026-10-06
via SEC EDGAR
Income History
via SEC EDGAR
Part 2 · The price and its context
This part shows how the price has behaved, not whether the company is worth owning. Inside: technical analysis, potential, historical drawdowns, gamma exposure.
Market Reaction Profile
How much GBDC moves, measured on its daily prices.
More volatile than 2% of the tracked stocks (90-day volatility).
- Volatility 30d
- 17.4%
- Volatility 90d
- 17.6%
- Beta vs S&P 500 (1y)
- 0.52Correlation 0.33
- Max drawdown (12m)
- -16.7%
- ATR (14d, % of price)
- 1.88%
Earnings reactions
How GBDC moved around its past quarterly results.
Next earnings release
Nov 17, 2026 · In 24 days · Time not known
EPS estimate: 0.33Revenue estimate: $188M
What usually happens
- Over the last 12 releases the stock moved a median of 1.3% the next day, up or down.
- Next-day moves: up 4, down 8 (out of 12).
Release history
| Date | When | EPS est. | EPS actual | Surprise | Gap | 1 day | 5 days |
|---|---|---|---|---|---|---|---|
| Aug 3, 2026 | After the close | 0.34 | 0.22 | -35.0% | -0.5% | -0.8% | -0.5% |
| May 4, 2026 | After the close | 0.37 | -0.18 | -148.5% | -5.3% | -2.0% | -5.3% |
| Feb 4, 2026 | After the close | 0.38 | 0.25 | -35.0% | -2.8% | -5.2% | -2.4% |
| Nov 18, 2025 | After the close | 0.40 | 0.36 | -9.0% | +1.6% | -0.2% | +2.8% |
| Aug 4, 2025 | After the close | 0.39 | 0.34 | -13.3% | -0.2% | +0.5% | +0.5% |
| May 5, 2025 | After the close | n/a | n/a | n/a | -0.8% | +0.4% | +4.7% |
| Feb 4, 2025 | After the close | n/a | n/a | n/a | -3.1% | -2.3% | +0.1% |
| Nov 19, 2024 | After the close | n/a | n/a | n/a | -1.7% | -2.0% | -0.1% |
| Aug 5, 2024 | After the close | n/a | n/a | n/a | +0.3% | +0.7% | -1.0% |
| May 6, 2024 | After the close | n/a | n/a | n/a | +0.1% | -1.5% | -2.6% |
| Feb 5, 2024 | After the close | n/a | n/a | n/a | +0.3% | -1.4% | +1.3% |
| Nov 20, 2023 | After the close | n/a | n/a | n/a | +2.5% | +1.3% | -0.2% |
Release dates from SEC 8-K filings.
Updated 10/24/2026
Historical statistics for educational purposes only. They are not forecasts and not investment advice.
Price reaction to the news
Latest news on GBDC and what the price did next.
Return of the stock minus return of SPY over the same days. A news item close to a price move did not necessarily cause it. Historical data for educational purposes only, not investment advice.
Latest News
Recent headlines for GBDC.