Last 47 quarters of trend data · Financial Services · BDCs & Private Credit
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 22.62 | 26.83 | — | 13.57 | 9.51 | 10.77 | 12.62 | 9.02 | 10.49 | 84.83 | — | — | 6.11 | 7.85 | 9.97 | 21.93 | 62.07 | 35.96 | 9.75 | 10.43 | 9.41 |
| — | +149.1% | — | +50.4% | -9.4% | -87.3% | — | — | +71.7% | +980.8% | — | — | -90.2% | -78.2% | +2.3% | +110.2% | +559.6% | +357.1% | +46.7% | +65.3% | +62.1% | |
| P/S Ratio | 7.23 | 8.51 | 7.21 | 6.36 | 8.72 | 7.24 | 8.24 | 6.29 | 7.69 | — | 5.54 | 5.58 | 4.59 | 5.02 | 5.23 | 8.26 | 12.24 | 16.14 | 7.20 | 7.36 | 9.40 |
| — | +17.6% | -12.5% | +1.1% | +13.4% | — | +48.8% | +12.7% | +67.7% | — | +5.8% | -32.5% | -62.5% | -68.9% | -27.4% | +12.3% | +30.2% | +114.4% | +11.9% | +22.5% | +66.6% | |
| P/B Ratio | 0.85 | 0.91 | 0.89 | 0.92 | 0.91 | 0.98 | 1.00 | 1.00 | 0.99 | 0.77 | 1.09 | 1.00 | 0.98 | 0.91 | 0.92 | 0.89 | 0.83 | 0.86 | 0.99 | 1.01 | 1.04 |
| — | -7.5% | -11.1% | -8.2% | -7.7% | +26.3% | -8.8% | -0.2% | +1.0% | -15.0% | +18.4% | +11.7% | +18.0% | +6.6% | -6.7% | -11.1% | -19.7% | -16.0% | +1.2% | +4.0% | +12.1% | |
| P/FCF | 4.70 | 4.35 | 23.33 | 4.22 | 3.42 | — | 5.16 | — | — | 3.40 | 4.75 | 3.91 | 9.74 | 11.82 | 19.44 | 10.62 | 3.33 | — | — | — | — |
| — | — | +352.0% | — | — | — | +8.7% | — | — | -71.2% | -75.6% | -63.2% | +192.9% | — | — | — | — | — | — | — | — | |
| EV / EBITDA | 20.68 | 15.91 | 138.37 | 12.95 | 22.15 | 14.13 | 15.02 | 11.12 | 13.73 | 198.91 | 10.32 | 11.91 | 7.76 | 11.91 | 12.42 | 47.17 | 33.90 | 33.61 | 15.73 | 16.19 | 17.47 |
| — | +12.5% | +821.4% | +16.5% | +61.3% | -92.9% | +45.6% | -6.6% | +77.0% | +1570.0% | -16.9% | -74.8% | -77.1% | -64.6% | -21.0% | +191.3% | +94.0% | +144.8% | +29.5% | +31.3% | +57.2% | |
| EV / EBIT | 11.92 | 16.26 | 138.37 | 12.95 | 22.15 | 14.13 | 15.02 | 11.12 | 13.73 | 198.91 | 10.32 | 11.91 | 7.76 | 11.91 | 12.42 | 47.17 | 33.90 | 33.61 | 15.73 | 16.19 | 17.47 |
| — | +15.1% | +821.4% | +16.5% | +61.3% | -92.9% | +45.6% | -6.6% | +77.0% | +1570.0% | -16.9% | -74.8% | -77.1% | -64.6% | -21.0% | +191.3% | +94.0% | +144.8% | +29.5% | +31.3% | +57.2% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 120.2% | 125.2% | 118.7% | 119.0% | 100.0% | 122.3% | 124.5% | 125.1% | 125.5% | 100.0% | 111.7% | 105.5% | 99.8% | 101.4% | 99.6% | 96.2% | 91.3% | 124.3% | 98.7% | 94.7% | 100.0% |
| — | +2.4% | -4.6% | -4.9% | -20.3% | +22.3% | +11.4% | +18.6% | +25.8% | -1.4% | +12.1% | +9.7% | +9.3% | -18.4% | +1.0% | +1.6% | -8.7% | +24.3% | -1.3% | -5.3% | 0.0% | |
| Operating Margin | 116.5% | 122.9% | 15.0% | 115.2% | 92.1% | 118.0% | 120.1% | 121.8% | 122.0% | -725.1% | 108.7% | 102.1% | 106.1% | 98.3% | 96.8% | 91.1% | 86.5% | 114.2% | 95.6% | 91.3% | 101.5% |
| — | +4.2% | -87.5% | -5.4% | -24.5% | +116.3% | +10.5% | +19.3% | +15.0% | -837.8% | +12.2% | +12.1% | +22.6% | -13.9% | +1.3% | -0.2% | -14.8% | +18.7% | -0.6% | -4.9% | +5.2% | |
| Net Margin | 63.7% | 32.4% | -40.6% | 46.4% | 92.3% | 66.7% | 64.5% | 69.9% | 73.6% | -730.2% | 73.0% | 66.0% | 109.6% | 63.1% | 53.3% | -12.3% | -25.9% | 47.7% | 95.7% | 71.9% | 100.7% |
| — | -51.5% | -162.9% | -33.6% | +25.3% | +109.1% | -11.6% | +5.9% | -32.8% | -1258.1% | +37.0% | +637.6% | +523.4% | +32.2% | -44.3% | -117.1% | -125.7% | -50.4% | -0.5% | -25.2% | +4.4% |
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.4% | 0.9% | -1.2% | 1.7% | 2.4% | 2.2% | 2.0% | 2.8% | 2.4% | 0.3% | 3.6% | 3.0% | 5.9% | 2.9% | 2.3% | -0.3% | -0.4% | 0.6% | 3.3% | 2.5% | 2.8% |
| — | -61.8% | -162.4% | -40.3% | +2.3% | +704.8% | -46.0% | -6.5% | -60.0% | -90.3% | +54.4% | +997.6% | +1452.8% | +357.2% | -28.8% | -113.4% | -115.6% | -80.9% | -10.7% | -36.7% | -30.0% | |
| ROA | 4.3% | 0.4% | -0.5% | 0.7% | 1.1% | 1.0% | 0.9% | 1.3% | 1.1% | 0.1% | 1.6% | 1.3% | 2.6% | 1.3% | 1.0% | -0.1% | -0.2% | 0.3% | 1.6% | 1.2% | 1.5% |
| — | -61.8% | -161.1% | -41.8% | -4.6% | +671.9% | -45.3% | -5.2% | -57.4% | -89.9% | +54.5% | +1000.5% | +1433.0% | +340.2% | -33.1% | -112.2% | -113.4% | -83.9% | -19.9% | -41.1% | -32.2% | |
| ROIC | 5.9% | 1.1% | 0.2% | 1.4% | 0.8% | 1.3% | 1.2% | 1.7% | 1.4% | 0.1% | 1.8% | 1.6% | 1.9% | 1.5% | 1.4% | 0.8% | 0.5% | 0.5% | 1.2% | 1.2% | 1.1% |
| — | -18.1% | -87.9% | -17.1% | -42.5% | +1273.6% | -31.7% | +6.7% | -27.1% | -93.5% | +26.7% | +87.8% | +286.9% | +187.9% | +22.3% | -28.3% | -55.3% | -61.4% | -20.1% | -25.2% | -31.7% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.23 | 1.22 | 1.25 | 1.25 | 1.23 | 1.28 | 1.19 | 1.22 | 1.15 | 1.06 | 1.26 | 1.20 | 1.22 | 1.25 | 1.24 | 1.23 | 1.21 | 1.21 | 1.13 | 1.09 | 0.99 |
| — | -4.6% | +5.5% | +2.5% | +7.4% | +20.5% | -5.6% | +1.8% | -6.4% | -15.0% | +1.9% | -2.6% | +1.2% | +3.4% | +9.5% | +13.0% | +22.4% | +45.9% | +36.4% | +14.2% | +17.3% | |
| Debt / EBITDA | 7.13 | 36.64 | 329.47 | 30.09 | 50.98 | 32.44 | 33.10 | 24.75 | 29.91 | 469.74 | 23.23 | 26.30 | 17.45 | 28.04 | 28.90 | 111.27 | 82.33 | 80.06 | 34.34 | 34.76 | 35.35 |
| — | +13.0% | +895.5% | +21.6% | +70.4% | -93.1% | +42.5% | -5.9% | +71.4% | +1575.1% | -19.6% | -76.4% | -78.8% | -65.0% | -15.8% | +220.1% | +132.9% | +213.7% | +51.6% | +41.4% | +65.8% | |
| Current Ratio | 5.35 | 1.48 | 0.21 | 2.85 | 4.41 | 2.41 | 3.13 | 3.12 | 3.66 | 2.56 | 6.97 | 3.73 | 5.17 | 4.60 | 5.04 | 5.29 | 3.97 | 4.96 | 3.82 | 12.79 | 6.46 |
| — | -38.7% | -93.2% | -8.6% | +20.4% | -5.6% | -55.1% | -16.2% | -29.1% | -44.5% | +38.4% | -29.6% | +30.3% | -7.2% | +31.9% | -58.6% | -38.6% | -51.7% | -25.8% | +359.8% | +19.3% | |
| Quick Ratio | 5.35 | 1.48 | 0.21 | 2.85 | 4.41 | 2.41 | 3.13 | 3.12 | 3.66 | 2.56 | 6.97 | 3.73 | 5.17 | 4.60 | 5.04 | 5.29 | 3.97 | 4.96 | 3.82 | 12.79 | 6.46 |
| — | -38.7% | -93.2% | -8.6% | +20.4% | -5.6% | -55.1% | -16.2% | -29.1% | -44.5% | +38.4% | -29.6% | +30.3% | -7.2% | +31.9% | -58.6% | -38.6% | -51.7% | -25.8% | +359.8% | +19.3% | |
| Interest Coverage | 2.45 | 1.99 | 0.23 | 2.44 | 1.42 | 2.24 | 2.08 | 2.48 | 2.31 | 0.15 | 3.19 | 2.80 | 5.11 | 2.85 | 2.96 | 0.85 | 1.22 | 1.68 | 4.47 | 5.04 | 3.73 |
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Includes 30+ ratios · 47 years · Updated daily
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Quick answers to the most common questions about buying GBDC stock.
Golub Capital BDC, Inc.'s current P/E is 22.6x. The average P/E over the last 3 quarters is 16.6x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Golub Capital BDC, Inc.'s current operating margin is 116.5%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Golub Capital BDC, Inc.'s business trajectory between earnings reports.