Golub Capital BDC, Inc. (GBDC)
Financials · NMS
Price as at 30 Sept 2026, 18:27 UTC. Quotes are delayed.
Fundamentals
Valuation and ratings
Golub Capital BDC, Inc. trades at $12.71, close to the $14.35 our fair value estimate puts on the business. On this measure the market and the model broadly agree, so the interesting question is which of them is wrong.
Our moat model scores it 56 out of 100, which is a moat, but not a deep one. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 17.0 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
GBDC dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | $0.990 | 3 |
| 2025 | $1.56 | 4 |
| 2024 | $1.93 | 9 |
| 2023 | $1.51 | 6 |
| 2022 | $1.23 | 4 |
| 2021 | $1.17 | 4 |
| 2020 | $1.19 | 4 |
| 2019 | $1.39 | 4 |
| 2018 | $1.37 | 4 |
| 2017 | $1.33 | 4 |
| 2016 | $1.50 | 4 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
GBDC earnings and analyst estimates
Recommendation mix, 7 published ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
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. 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.
Company profile, industry and headcount are as reported by our data provider and can lag a company's own filings by a reporting period. The annual report is the authority.
GBDC passes 3 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Super investor ownership
5 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- D. E. Shaw, D. E. Shaw & Co., Inc.$8.82M · 0.0% of book
- Two Sigma, TWO SIGMA INVESTMENTS, LP$4.44M · 0.0% of book
- Ken Griffin, CITADEL ADVISORS LLC$3.40M · 0.0% of book
- Cliff Asness, AQR CAPITAL MANAGEMENT LLC$311.8K · 0.0% of book
- Israel Englander, MILLENNIUM MANAGEMENT LLC$219.8K · 0.0% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
Politician trades in GBDC
We hold 10 disclosed trades in GBDC by members of Congress and executive-branch officials. The latest 5:
- Donald J Trump · Executive branchBuy · $15,001 - $50,000 · traded 15 May 2026 · disclosed 1 Jul 2026
- David P. Joyce · HouseSell · $1,001 - $15,000 · traded 30 Jun 2023 · disclosed 6 Aug 2024
- David P. Joyce · HouseSell · $15,001 - $50,000 · traded 19 Jun 2023 · disclosed 6 Aug 2024
- David P. Joyce · HouseSell · $15,001 - $50,000 · traded 14 Jul 2022 · disclosed 6 Aug 2024
- David P. Joyce · HouseSell · $15,001 - $50,000 · traded 12 Jul 2022 · disclosed 6 Aug 2024
A disclosure reports a value band, not an amount, and is due up to 45 days after the trade; some arrive later. Every filer we track, each with their own page, is on the Congress trading tracker.
GBDC peers
The largest companies in the same industry (Asset Management), then in the same sector.
- KKR KKR & Co. Inc.
- APO Apollo Global Management, Inc.
- ARES Ares Management Corporation
- CG The Carlyle Group Inc.
- BEN Franklin Templeton Inc.
- BAMGF Brookfield Corporation
- OWL Blue Owl Capital Inc.
- PS Pershing Square Inc.
Every financials company we cover is on the Financials hub.
Common questions
Is Golub Capital BDC, Inc. (GBDC) undervalued?
Against our fair value estimate of $14.35, GBDC at $12.71 is 13% below fair value. That is one model's answer, not a recommendation. It is built from normalized earning power with growth capped deliberately low, which understates companies whose value is mostly future growth.
Which funds own GBDC?
5 of the institutions we track reported a position in GBDC in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
What is GBDC's P/E ratio?
GBDC trades at 17.0 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does Golub Capital BDC, Inc. (GBDC) pay a dividend?
Yes. Golub Capital BDC, Inc. yields 11.06% at the current share price. It has paid $1.38 per share over the trailing twelve months. It has paid a dividend in each of the last 16 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
Where does SteadyShares get its GBDC data?
Fundamentals for GBDC come from company filings and exchange data, as listed on NMS; institutional ownership comes from SEC 13F filings. The share price shown was last refreshed on 30 Sept 2026, 18:27 UTC and is delayed. Our data quality score for this company is 96/100, which is the share of the inputs behind our scores that were actually available rather than assumed. Metrics we do not hold are left out of the page rather than estimated.
The full research page for GBDC, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.