Golub Capital BDC, Inc. (GBDC) Stock

Golub Capital BDC, Inc. (GBDC) is a Financial Services stock trading at $12.78 (as of 2026-07-24), with a market capitalization of $3.33B and a trailing P/E of 13.3. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Golub Capital BDC, Inc. is an externally managed closed-end, non-diversified business development company that invests in debt and minority equity interests in middle-market companies, often those sponsored by private equity firms. It primarily targets U.S. companies across sectors such as consumer services, healthcare, IT services, and specialty retail, funding with senior and subordinated loans and related instruments.

Understand Golub Capital BDC, Inc.: how it makes money

Golub Capital BDC is a business development company that invests in debt and minority equity stakes in middle-market companies, making money mainly from the returns generated by its investment portfolio.

Because GBDC is an externally managed BDC, its profit model is driven primarily by the income and returns it earns on its debt and minority equity portfolio, net of the risks inherent in those investments.

Business quality (Weak): The core business model is clear (portfolio of middle-market debt and minority equity), but the provided facts do not include reportable segments or any operating KPI labels to track quarter to quarter.

Valuation: At 16× earnings, GBDC trades 56% above the Asset Management average (10×). Note: one-time items can distort reported P/E.

Bull case

  • Focused portfolio strategy: GBDC invests in debt and minority equity investments in middle-market companies, typically those sponsored by private equity investors.
  • Broad industry exposure within its target universe: Its stated target sectors span consumer services, automobiles, healthcare technology, insurance, health care equipment and supplies, hotels, restaurants and leisure, healthcare providers and services, IT services, and specialty retails.

Bear case

  • Investment risk in middle-market debt and equity: Because it invests in debt and minority equity, performance can be pressured by credit issues in borrowers and valuation changes in equity positions.
  • Execution and oversight risk from being externally managed: GBDC is externally managed, so results depend on the investment process and incentives of its external manager.
Valuation — source: SEC EDGAR (first-party)
Price$12.78
Market Cap$3.33B
P/E Ratio13.3
Price / Book0.89
Price / Sales3.94
DCF Value (model)$16.23
DCF Upside vs Price27.0%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$870.78M
Net Margin43.3%
Revenue Growth (YoY)-12.0%
EPS Growth (YoY)-160.0%
Valuation vs Sector & Industry
Stock P/E13.3
Sector P/E (Financial Services)8.9
Industry P/E (Asset Management)8.9
vs Sector49.2%
vs Industry48.8%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderSTRS OHIO ($217.00M)
Institutional Holders Tracked10
Congressional Trades (recent)5
Company
SectorFinancial Services
IndustryAsset Management
CEODavid Golub
Employees875
CountryUS
IPO Date2010-04-15

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GBDC earnings history · GBDC institutional & insider holders · GBDC KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-07-24.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.