US · GBDC
Golub Capital BDC, Inc.
- Sector
- Financial Services · Asset Management
- Headquarters
- New York City, NY 10166
- Website
- golubcapitalbdc.com
Price · as of 2025-09-30
$13.80
Market cap 3.16B
Valuation summary
Four models, one snapshot. Upside is target ÷ current − 1.
| Valuation method | Value, $ | Upside, % |
|---|---|---|
| Artificial Intelligence(AI) | $30.87 | +123.7% |
| Intrinsic Value(DCF) | $5.55 | -59.78% |
| Graham-Dodd Method(GD) | $1.29 | -90.67% |
| Graham Formula(GF) | $72.19 | +423.12% |
Valuation history
Annual price (USD per share) overlaid with each model's fair value. Y-axis is log scale.
| Year | Price | AI | DCF | Graham-Dodd | Graham Formula |
|---|---|---|---|---|---|
| 2011 | $4.46 | $169.53 | $93.64 | $3.10 | $26.12 |
| 2012 | $4.90 | $12.20 | $63.57 | $3.68 | $35.92 |
| 2013 | $6.13 | $12.96 | $165.27 | $6.99 | $58.48 |
| 2014 | $6.46 | $19.86 | $0.00 | $5.19 | $69.48 |
| 2015 | $6.52 | $24.20 | $0.00 | $5.39 | $26.94 |
| 2016 | $7.80 | $25.59 | $0.00 | $6.06 | $42.16 |
| 2017 | $8.80 | $46.66 | $0.42 | $3.83 | $2.35 |
| 2018 | $9.06 | $30.86 | $0.96 | $5.07 | $12.57 |
| 2019 | $9.70 | $33.02 | $24.25 | $14.95 | $17.50 |
| 2020 | $8.18 | $51.62 | $0.00 | $4.19 | $129.53 |
| 2021 | $9.68 | $39.66 | $0.00 | $13.08 | $390.40 |
| 2022 | $9.19 | $19.70 | $0.00 | $5.76 | $0.00 |
| 2023 | $11.35 | $34.35 | $0.00 | $5.69 | $111.11 |
| 2024 | $13.56 | $26.27 | $0.00 | $1.54 | $25.63 |
| 2025 | $13.88 | $30.87 | $0.00 | $1.29 | $72.19 |
AI valuation
Our deep-learning model estimates Golub Capital BDC, Inc.'s (GBDC) per-share fair value from quarterly fundamentals, sector trend, and historical valuation patterns.
- AI fair value
- $30.87
- Current price
- $13.80
- AI upside
- +123.7%
Methodology and confidence bands appear in the dedicated valuation theory section. The AI score is an estimate, not a recommendation.
Intrinsic value (DCF)
Open DCF calculatorThree textbook valuation models, recomputed daily from the latest financial statements. The DCF uses our Chepakovich model. Graham-Dodd and Graham Formula are conservative reference points.
DCF
$5.55
-59.78% upside
Graham-Dodd
$1.29
-90.67% upside
Graham Formula
$72.19
+423.12% upside
Peer comparison
Same-industry comparables, ranked by market cap.
| Basic Info | Model Valuation | Core Valuation | Profitability | Leverage & Liquidity | Growth | Cash Flow | Dividends | Enterprise Value | Risk | ||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ticker | Company Name | Price | Market Cap | AI Upside | DCF Upside | GD Upside | GF Upside | P/E | P/B | P/S | EV/EBITDA | PEG | P/TBV | Gross Margin | Operating Margin | Net Margin | ROE | ROIC | ROA | Debt/Equity | Interest Coverage | Current Ratio | Quick Ratio | Net Debt/EBITDA | EPS Growth | Sales Growth | FCF Growth | FCF Yield | Op Cash Flow Ratio | Cash ROIC | Dividend Yield | Dividend Payout | Shareholder Yield | EV/EBIT | EV/FCF | EV/Sales | Altman Z-Score |
| GBDC | Golub Capital BDC, Inc. | $13.80 | 3.16B | +124% | -60% | -91% | +423% | 9.80 | 0.93 | 5.36 | 22.81 | 222.17 | 0.93 | 59.24% | 54.56% | 54.71% | 9.42% | 4.33% | 4.26% | 1.23 | 1.34 | 5.35 | 2.40 | 12.98 | 441.00% | 4472.00% | -13303.00% | -3.08% | -2.97 | -1.31% | 9.97% | 97.80% | 12.08% | 22.81 | -75.43 | 12.45 | 0.67 |
| AB | AllianceBernstein Holding… | $39.26 | 4.34B | +83% | -53% | -31% | — | 13.18 | 3.19 | 11.87 | 16.26 | — | 3.19 | 100.00% | 100.00% | 90.11% | 18.34% | 24.61% | 18.31% | 0.00 | — | — | — | 0.00 | -1995.00% | -2797.00% | -2258.00% | 25.16% | — | 81.59% | 0.00% | 0.00% | 0.00% | 11.87 | 3.97 | 11.87 | 1425.72 |
| AGO | Assured Guaranty Ltd. | $86.21 | 3.98B | +75% | +11% | — | -40% | 8.50 | 0.76 | 5.43 | -1.03 | 17.65 | 0.76 | 92.89% | 84.01% | 63.83% | 9.02% | 20.34% | 4.18% | 0.30 | 7.44 | — | — | 1.75 | 4818.00% | -319.00% | 152979.00% | 17.91% | — | 28.69% | 17.89% | 152.10% | 35.71% | -1.17 | -1.01 | -0.99 | 2.14 |
| APAM | Artisan Partners Asset Ma… | $40.28 | 2.84B | +88% | +72% | -34% | +56% | 9.89 | 6.54 | 2.40 | 6.19 | 92.77 | 6.54 | 45.72% | 33.39% | 24.26% | 70.14% | 60.82% | 18.17% | 0.93 | 46.73 | 20.33 | 20.33 | 0.32 | 1066.00% | 763.00% | -9963.00% | 0.05% | 0.10 | 0.27% | 0.00% | 0.00% | 0.00% | 7.57 | 2243.71 | 2.53 | 4.25 |
| CNS | Cohen & Steers, Inc. | $66.87 | 3.41B | +25% | -50% | — | -26% | 24.21 | 6.24 | 6.18 | 16.77 | 7189.09 | 6.47 | 57.51% | 31.30% | 25.51% | 26.99% | 36.01% | 17.15% | 0.00 | — | 136.50 | 136.50 | -0.73 | 34.00% | 974.00% | -24867.00% | -3.61% | -73.00 | -33.30% | 3.62% | 87.60% | 6.60% | 18.91 | -26.59 | 5.92 | 10.12 |
| ECC | Eagle Point Credit Compan… | $4.03 | 527.26M | +484% | +70% | — | — | 7.98 | 0.68 | 5.52 | 10.18 | — | 0.68 | 84.18% | 73.73% | 69.26% | 9.60% | 8.49% | 6.53% | 0.29 | 4.66 | 2.22 | 2.21 | 2.69 | -5057.00% | -1494.00% | 2153.00% | 16.17% | 2.36 | 10.28% | 25.58% | 204.00% | 25.58% | 10.18 | 8.40 | 7.51 | 0.69 |
| FHI | Federated Hermes, Inc. | $56.01 | 4.34B | +119% | +54% | -24% | +73% | 10.61 | 3.57 | 2.38 | 7.59 | 18.03 | 320.82 | 75.88% | 28.54% | 22.40% | 35.19% | 44.75% | 18.70% | 0.29 | — | 2.31 | 2.31 | -0.73 | 5882.00% | 1033.00% | -1319.00% | 6.95% | 0.95 | 34.23% | 0.00% | 0.00% | 7.79% | 7.59 | 13.12 | 2.17 | 4.45 |
| FSK | FS KKR Capital Corp. | $10.80 | 3.02B | +160% | -60% | +95% | -95% | — | 0.52 | 2.59 | 15.78 | — | 0.52 | 69.60% | 49.53% | 0.94% | 0.00% | 2.06% | 0.00% | 1.31 | 1.25 | — | — | 11.21 | -9812.00% | 550.00% | -6886.00% | 19.48% | — | 4.39% | 0.00% | — | 0.00% | 18.09 | 17.72 | 8.96 | 0.13 |
| HTGC | Hercules Capital, Inc. | $14.21 | 2.61B | +149% | -59% | — | +349% | -19.22 | 1.19 | 4.82 | 13.37 | -128.92 | 1.19 | 87.23% | 66.75% | 62.10% | -6.53% | 8.99% | -3.26% | 1.04 | 3.96 | 1.44 | 1.44 | 6.15 | 1491.00% | 2697.00% | 25851.00% | -16.14% | -6.52 | -10.48% | 12.35% | -237.40% | 12.60% | 13.38 | -11.47 | 8.93 | 1.09 |
| VCTR | Victory Capital Holdings,… | $69.18 | 4.49B | +33% | -41% | -79% | +281% | 13.68 | 1.86 | 3.46 | 9.40 | — | -3.50 | 71.08% | 42.49% | 25.27% | 18.61% | 16.10% | 9.71% | 0.40 | 10.13 | 0.97 | 0.52 | 1.42 | -685.00% | 4619.00% | -3007.00% | 5.25% | 0.64 | 9.13% | 2.78% | 38.00% | 6.67% | 9.59 | 22.47 | 4.07 | 2.58 |
About Golub Capital BDC, Inc.
Golub Capital BDC, Inc. (GBDC) is a 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.
- CEO
- David Golub
- Employees
- 875
- Beta
- 0.44
Disclaimer: Information on this page is provided for educational purposes only and does not constitute investment advice. Upside computed as ($5.55 ÷ $13.80) − 1 = -59.78% (DCF, example).