Barings BDC, Inc. (BBDC) Financial Ratios
22 years of historical data (2004–2025) · Financial Services · Financial - Credit Services
EV/EBITDA
↓
11.69
↓-29% vs avg
5yr avg: 16.42
30Y Low8.0·High30.7
P/FCF
↓
5.41
↓-40% vs avg
5yr avg: 9.06
30Y Low6.0·High55.7
P/B Ratio
↓
0.75
-9% vs avg
5yr avg: 0.82
30Y Low0.6·High1.7
ROE
↓
8.7%
↓+9% vs avg
5yr avg: 8.0%
30Y Low-19%·High22%
Debt/EBITDA
↓
7.49
↓-29% vs avg
5yr avg: 10.60
30Y Low2.0·High27.5
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
BBDC Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Barings BDC, Inc. trades at 8.5x earnings, 80% below its 5-year average of 42.8x, sitting at the 12th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.6x, the stock trades at a discount of 37%. On a free-cash-flow basis, the stock trades at 5.4x P/FCF, 40% below the 5-year average of 9.1x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $868M | $965M | $1.0B | $918M | $839M | $720M | $447M | $516M | $450M | $441M | $668M |
| Enterprise Value | $2.2B | $2.3B | $2.4B | $2.3B | $2.1B | $2.0B | $1.3B | $1.2B | $1.6B | $815M | $1.1B |
| P/E Ratio → | 8.55 | 9.46 | 9.20 | 7.15 | 179.12 | 9.26 | 54.12 | 8.86 | — | — | 19.51 |
| P/S Ratio | 3.49 | 3.88 | 4.84 | 3.18 | 3.83 | 6.01 | 12.09 | 6.82 | 5.60 | 3.59 | 5.87 |
| P/B Ratio | 0.75 | 0.83 | 0.85 | 0.77 | 0.70 | 0.97 | 0.62 | 0.90 | 0.80 | 0.69 | 1.09 |
| P/FCF | 5.41 | 6.01 | 8.58 | 11.94 | 9.72 | — | — | — | — | 55.67 | — |
| P/OCF | 5.41 | 6.01 | 8.58 | 11.94 | 9.72 | — | — | — | — | 55.39 | — |
P/E links to full P/E history page with 30-year chart
BBDC EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Barings BDC, Inc.'s enterprise value stands at 11.7x EBITDA, 29% below its 5-year average of 16.4x. This is roughly in line with the Financial Services sector median of 11.4x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 9.36 | 11.40 | 7.91 | 9.80 | 16.76 | 35.21 | 15.37 | 19.66 | 6.63 | 9.64 |
| EV / EBITDA | 11.69 | 12.20 | 20.96 | 10.67 | 12.40 | 25.85 | 158.21 | 20.53 | 30.65 | 8.03 | 11.82 |
| EV / EBIT | 10.53 | 12.20 | 20.96 | 10.67 | 12.40 | 25.85 | 158.21 | 20.53 | 30.67 | 8.03 | 11.83 |
| EV / FCF | — | 14.51 | 20.23 | 29.74 | 24.89 | — | — | — | — | 102.85 | — |
BBDC Profitability
Margins and return-on-capital ratios measuring operating efficiency
Barings BDC, Inc. earns an operating margin of 85.2%, significantly above the Financial Services sector average of 20.3%. Operating margins have expanded from 74.2% to 85.2% over the past 3 years, signaling improving operational efficiency. ROE of 8.7% is modest, trailing the sector median of 9.0%. ROIC of 6.1% represents adequate returns on invested capital versus a sector median of 5.5%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 74.0% | 74.0% | 59.1% | 100.0% | 100.0% | 72.4% | 46.4% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating Margin | 85.2% | 85.2% | 54.4% | 74.2% | 79.0% | 64.9% | 22.3% | 74.9% | 64.1% | 82.5% | 81.5% |
| Net Profit Margin | 41.0% | 41.0% | 52.7% | 44.3% | 2.1% | 64.8% | 22.1% | 76.9% | -142.5% | -23.3% | 30.1% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 8.7% | 8.7% | 9.2% | 10.7% | 0.5% | 10.6% | 1.3% | 10.3% | -19.0% | -4.6% | 6.1% |
| ROA | 3.8% | 3.8% | 4.1% | 4.8% | 0.2% | 4.0% | 0.6% | 4.8% | -9.6% | -2.4% | 3.1% |
| ROIC | 6.1% | 6.1% | 3.2% | 6.1% | 5.5% | 3.1% | 0.4% | 2.9% | 2.7% | 6.5% | 6.4% |
| ROCE | 8.1% | 8.1% | 4.3% | 8.0% | 7.2% | 4.1% | 0.6% | 6.3% | 5.8% | 8.6% | 8.5% |
BBDC Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Barings BDC, Inc. carries a Debt/EBITDA ratio of 7.5x, which is highly leveraged (76% above the sector average of 4.3x). Net debt stands at $1.4B ($1.4B total debt minus $67M cash). Interest coverage of just 2.2x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.23 | 1.23 | 1.22 | 1.20 | 1.21 | 1.85 | 1.32 | 1.17 | 2.02 | 0.88 | 0.88 |
| Debt / EBITDA | 7.49 | 7.49 | 12.75 | 6.71 | 8.36 | 17.67 | 114.72 | 11.81 | 22.16 | 5.57 | 5.78 |
| Net Debt / Equity | — | 1.17 | 1.15 | 1.14 | 1.10 | 1.74 | 1.19 | 1.13 | 2.00 | 0.58 | 0.70 |
| Net Debt / EBITDA | 7.14 | 7.14 | 12.07 | 6.39 | 7.56 | 16.58 | 103.90 | 11.42 | 21.91 | 3.68 | 4.62 |
| Debt / FCF | — | 8.49 | 11.65 | 17.80 | 15.17 | — | — | — | — | 47.18 | — |
| Interest Coverage | 2.24 | 2.24 | 1.33 | 2.53 | 3.04 | 2.35 | 0.42 | 2.17 | 2.15 | 3.47 | 3.47 |
BBDC Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Barings BDC, Inc.'s current ratio of 3.91x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has declined from 10.15x to 3.91x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.91 | 3.91 | 4.60 | 10.15 | 4.60 | 9.79 | 16.31 | 8.26 | 0.08 | 12.61 | 11.02 |
| Quick Ratio | 3.91 | 3.91 | 4.60 | 10.15 | 4.60 | 9.79 | 16.31 | 8.26 | 0.08 | 12.61 | 11.02 |
| Cash Ratio | 1.59 | 1.59 | 2.67 | 5.64 | 3.16 | 2.42 | 9.07 | 2.47 | 0.02 | 12.00 | 9.92 |
| Asset Turnover | — | 0.09 | 0.08 | 0.11 | 0.08 | 0.06 | 0.02 | 0.06 | 0.07 | 0.10 | 0.10 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
BBDC Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Barings BDC, Inc. returns 15.1% to shareholders annually — split between a 14.4% dividend yield and 0.7% buyback yield. The payout ratio exceeds 100% at 122.9%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. The earnings yield of 11.7% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 14.4% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 122.9% | 122.9% | — | 85.2% | 2002.3% | 68.9% | 383.1% | 46.3% | — | — | 194.1% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 11.7% | 10.6% | 10.9% | 14.0% | 0.6% | 10.8% | 1.8% | 11.3% | — | — | 5.1% |
| FCF Yield | 18.5% | 16.6% | 11.6% | 8.4% | 10.3% | — | — | — | — | 1.8% | — |
| Buyback Yield | 0.7% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 15.1% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $105M | $106M | $107M | $103M | $65M | $49M | $50M | $50M | $46M | $36M |
Peer Comparison
Compare BBDC with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 BBDCYou | $868M | 8.5 | 11.7 | 5.4 | 74.0% | 85.2% | 8.7% | 6.1% | 7.5 |
 ARCC | $13B | 9.7 | 12.8 | 11.3 | 75.7% | 69.7% | 9.4% | 5.7% | 7.3 |
 FSCO | $997M | 6.5 | 5.7 | 1.9 | 79.3% | 74.5% | 10.5% | 6.4% | 1.9 |
 GBDC | $3B | 8.7 | 11.8 | — | 81.5% | 78.9% | 9.4% | 5.9% | 7.1 |
 TPVG | $203M | 4.1 | 8.6 | — | 83.5% | 77.9% | 14.1% | 7.2% | 6.2 |
 PFLT | $742M | 10.4 | 35.5 | 7.8 | 45.6% | 39.4% | 6.8% | 2.1% | 26.3 |
 SLRC | $678M | 7.3 | 11.1 | — | 73.3% | 72.9% | 9.3% | 5.8% | 7.0 |
 CGBD | $761M | 10.8 | 12.8 | — | 70.9% | 86.2% | 6.8% | 5.6% | 8.7 |
 FSK | $3B | 261.3 | 13.6 | 4.9 | 69.6% | 49.5% | 0.2% | 3.2% | 10.1 |
 OBDC | $5B | 8.8 | 11.8 | 3.1 | 75.3% | 73.2% | 9.4% | 6.1% | 7.5 |
 HTGC | $3B | 8.4 | 14.1 | — | 87.2% | 66.7% | 16.2% | 6.6% | 6.3 |
| Financial Services Median | — | 13.6 | 11.4 | 11.1 | 64.1% | 20.3% | 9.0% | 5.5% | 4.3 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Includes 30+ ratios · 22 years · Updated daily
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BBDC — Frequently Asked Questions
Quick answers to the most common questions about buying BBDC stock.
What is Barings BDC, Inc.'s P/E ratio?
Barings BDC, Inc.'s current P/E ratio is 8.5x. The historical average is 24.3x. This places it at the 12th percentile of its historical range.
What is Barings BDC, Inc.'s EV/EBITDA?
Barings BDC, Inc.'s current EV/EBITDA is 11.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.6x.
What is Barings BDC, Inc.'s ROE?
Barings BDC, Inc.'s return on equity (ROE) is 8.7%. The historical average is 6.8%.
Is BBDC stock overvalued?
Based on historical data, Barings BDC, Inc. is trading at a P/E of 8.5x. This is at the 12th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Barings BDC, Inc.'s dividend yield?
Barings BDC, Inc.'s current dividend yield is 14.37% with a payout ratio of 122.9%.
What are Barings BDC, Inc.'s profit margins?
Barings BDC, Inc. has 74.0% gross margin and 85.2% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Barings BDC, Inc. have?
Barings BDC, Inc.'s Debt/EBITDA ratio is 7.5x, indicating high leverage. A ratio above 4x may signal elevated financial risk.