Goldman Sachs BDC, Inc. (GSBD) Financial Ratios
14 years of historical data (2012–2025) · Financial Services · Asset Management
EV/EBITDA
↓
12.57
↓-63% vs avg
5yr avg: 34.00
30Y Low12.4·High56.6
P/FCF
↓
3.44
↓-98% vs avg
5yr avg: 156.11
30Y Low3.3·High51.1
P/B Ratio
↓
0.81
↓-15% vs avg
5yr avg: 0.95
30Y Low0.6·High1.3
ROE
↓
8.0%
-0% vs avg
5yr avg: 8.0%
30Y Low4%·High15%
Debt/EBITDA
↓
7.99
↓-60% vs avg
5yr avg: 19.88
30Y Low0.3·High33.7
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
GSBD Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Goldman Sachs BDC, Inc. trades at 9.7x earnings, 35% below its 5-year average of 14.9x, sitting at the 27th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.1x, the stock trades at a discount of 27%. On a free-cash-flow basis, the stock trades at 3.4x P/FCF, 98% below the 5-year average of 156.1x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.1B | $1.1B | $1.4B | $1.6B | $1.4B | $1.9B | $1.0B | $858M | $739M | $857M | $854M |
| Enterprise Value | $3.0B | $2.9B | $3.3B | $3.4B | $3.4B | $3.8B | $2.6B | $1.6B | $1.4B | $1.4B | $1.3B |
| P/E Ratio → | 9.65 | 9.01 | 22.00 | 8.09 | 25.41 | 10.14 | 5.87 | 23.64 | 13.72 | 17.33 | 21.00 |
| P/S Ratio | 4.62 | 4.42 | 7.21 | 3.49 | 10.31 | 8.51 | 5.53 | 10.78 | 8.36 | 11.31 | 13.76 |
| P/B Ratio | 0.81 | 0.75 | 0.88 | 0.99 | 0.93 | 1.21 | 0.64 | 1.27 | 1.04 | 1.18 | 1.28 |
| P/FCF | 3.44 | 3.29 | 564.73 | 5.28 | 51.13 | — | 6.22 | — | — | — | — |
| P/OCF | 3.44 | 3.29 | 564.73 | 5.28 | 51.13 | — | 6.22 | — | — | — | — |
P/E links to full P/E history page with 30-year chart
GSBD EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Goldman Sachs BDC, Inc.'s enterprise value stands at 12.6x EBITDA, 63% below its 5-year average of 34.0x. The Financial Services sector median is 11.5x, placing the stock at a 10% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 11.99 | 16.92 | 7.39 | 24.80 | 16.48 | 14.08 | 20.33 | 15.75 | 18.33 | 21.70 |
| EV / EBITDA | 12.57 | 12.38 | 47.63 | — | 56.55 | 19.46 | 14.79 | 42.82 | 24.86 | 27.16 | 32.33 |
| EV / EBIT | 12.39 | 12.38 | 47.63 | 9.25 | 56.55 | 19.46 | 14.79 | 42.82 | 24.86 | 27.16 | 32.33 |
| EV / FCF | — | 8.93 | 1324.84 | 11.18 | 123.04 | — | 15.84 | — | — | — | — |
GSBD Profitability
Margins and return-on-capital ratios measuring operating efficiency
Goldman Sachs BDC, Inc. earns an operating margin of 98.4%, significantly above the Financial Services sector average of 21.6%. Operating margins have expanded from 79.9% to 98.4% over the past 3 years, signaling improving operational efficiency. ROE of 8.0% is modest, trailing the sector median of 9.4%. ROIC of 5.3% represents adequate returns on invested capital versus a sector median of 5.7%.
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 | 75.4% | 75.4% | 40.9% | 100.0% | 41.6% | 74.3% | 78.6% | 54.4% | 70.3% | 74.1% | 77.0% |
| Operating Margin | 98.4% | 98.4% | 35.5% | 79.9% | 43.9% | 84.7% | 95.2% | 47.5% | 63.4% | 67.5% | 67.1% |
| Net Profit Margin | 49.2% | 49.2% | 32.7% | 43.1% | 40.4% | 84.0% | 94.4% | 45.4% | 60.8% | 65.4% | 65.5% |
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 | 8.0% | 8.0% | 4.0% | 12.6% | 3.5% | 11.9% | 15.4% | 5.2% | 7.5% | 7.1% | 6.0% |
| ROA | 3.4% | 3.4% | 1.8% | 5.5% | 1.5% | 5.6% | 7.4% | 2.5% | 4.0% | 4.0% | 3.5% |
| ROIC | 5.3% | 5.3% | 1.5% | 7.8% | 1.3% | 4.3% | 5.7% | 2.0% | 3.2% | 3.2% | 2.8% |
| ROCE | 7.0% | 7.0% | 2.0% | 10.4% | 1.7% | 5.8% | 8.7% | 4.5% | 6.6% | 6.3% | 4.4% |
GSBD Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Goldman Sachs BDC, Inc. carries a Debt/EBITDA ratio of 8.0x, which is highly leveraged (93% above the sector average of 4.1x). Net debt stands at $1.8B ($1.9B total debt minus $43M cash). Interest coverage of just 2.1x 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 | 1.32 | 1.32 | 1.23 | 1.14 | 1.34 | 1.15 | 1.01 | 1.14 | 0.93 | 0.75 | 0.75 |
| Debt / EBITDA | 7.99 | 7.99 | 28.23 | — | 33.72 | 9.59 | 9.16 | 20.37 | 11.77 | 10.62 | 11.95 |
| Net Debt / Equity | — | 1.29 | 1.19 | 1.11 | 1.31 | 1.13 | 0.99 | 1.12 | 0.92 | 0.73 | 0.74 |
| Net Debt / EBITDA | 7.81 | 7.81 | 27.32 | — | 33.05 | 9.42 | 8.98 | 20.12 | 11.66 | 10.39 | 11.84 |
| Debt / FCF | — | 5.63 | 760.10 | 5.90 | 71.91 | — | 9.62 | — | — | — | — |
| Interest Coverage | 2.11 | 2.11 | 0.60 | 3.26 | 0.75 | 3.29 | 4.45 | 1.04 | 2.13 | 2.61 | 2.92 |
GSBD Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.95x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 1.45x to 0.95x 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 | 0.95 | 0.95 | 1.21 | 1.45 | 1.20 | 0.94 | 1.01 | 0.02 | 0.03 | 0.05 | 0.04 |
| Quick Ratio | 0.95 | 0.95 | 1.21 | 1.45 | 1.20 | 0.94 | 1.01 | 0.02 | 0.03 | 0.05 | 0.04 |
| Cash Ratio | 0.59 | 0.59 | 0.83 | 0.84 | 0.66 | 0.56 | 0.58 | 0.01 | 0.01 | 0.03 | 0.01 |
| Asset Turnover | — | 0.07 | 0.05 | 0.13 | 0.04 | 0.06 | 0.06 | 0.05 | 0.06 | 0.06 | 0.05 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
GSBD Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Goldman Sachs BDC, Inc. returns 25.0% to shareholders annually — split between a 20.3% dividend yield and 4.7% buyback yield. The payout ratio exceeds 100% at 195.8%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. The earnings yield of 10.4% (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 | 20.3% | 21.8% | 14.2% | 12.0% | 12.8% | 9.9% | 14.1% | 8.1% | 9.5% | 7.9% | 7.6% |
| Payout Ratio | 195.8% | 195.8% | 314.5% | 97.5% | 327.3% | 100.3% | 82.7% | 193.2% | 131.1% | 136.1% | 159.6% |
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 | 10.4% | 11.1% | 4.5% | 12.4% | 3.9% | 9.9% | 17.1% | 4.2% | 7.3% | 5.8% | 4.8% |
| FCF Yield | 29.1% | 30.4% | 0.2% | 19.0% | 2.0% | — | 16.1% | — | — | — | — |
| Buyback Yield | 4.7% | 4.9% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 25.0% | 26.6% | 14.2% | 12.0% | 12.8% | 9.9% | 14.1% | 8.1% | 9.5% | 7.9% | 7.6% |
| Shares Outstanding | — | $116M | $115M | $108M | $102M | $102M | $54M | $40M | $40M | $39M | $36M |
Peer Comparison
Compare GSBD 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 |
|---|---|---|---|---|---|---|---|---|---|
 GSBDYou | $1B | 9.7 | 12.6 | 3.4 | 75.4% | 98.4% | 8.0% | 5.3% | 8.0 |
 ARCC | $14B | 10.2 | 13.1 | 11.9 | 75.7% | 69.7% | 9.4% | 5.7% | 7.3 |
 FSCO | $1B | 5.4 | 6.5 | 15.2 | 81.3% | 77.5% | 13.5% | 8.1% | 2.3 |
 GBDC | $3B | 9.3 | 12.1 | — | 81.5% | 78.9% | 9.4% | 5.9% | 7.1 |
 TPVG | $243M | 4.9 | 9.1 | — | 83.5% | 77.9% | 14.1% | 7.2% | 6.2 |
 CGBD | $859M | 7.5 | 19.6 | 8.2 | 59.2% | 54.7% | 9.8% | 3.7% | 10.6 |
 OCSL | $1B | 31.3 | 16.4 | 7.6 | 87.2% | 50.4% | 2.3% | 3.7% | 9.8 |
 FSK | $3B | 278.4 | 13.9 | 5.2 | 69.6% | 49.5% | 0.2% | 3.2% | 10.1 |
 BBDC | $928M | 9.1 | 12.0 | 5.8 | 74.0% | 85.2% | 8.7% | 6.1% | 7.5 |
 SLRC | $745M | 8.0 | 11.5 | — | 73.3% | 72.9% | 9.3% | 5.8% | 7.0 |
 PFLT | $888M | 12.4 | 37.7 | 9.3 | 45.6% | 39.4% | 6.8% | 2.1% | 26.3 |
| Financial Services Median | — | 13.1 | 11.5 | 10.6 | 63.6% | 21.6% | 9.4% | 5.7% | 4.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 14 years · Updated daily
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Start ComparisonGSBD — Frequently Asked Questions
Quick answers to the most common questions about buying GSBD stock.
What is Goldman Sachs BDC, Inc.'s P/E ratio?
Goldman Sachs BDC, Inc.'s current P/E ratio is 9.7x. The historical average is 15.5x. This places it at the 27th percentile of its historical range.
What is Goldman Sachs BDC, Inc.'s EV/EBITDA?
Goldman Sachs BDC, Inc.'s current EV/EBITDA is 12.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 30.0x.
What is Goldman Sachs BDC, Inc.'s ROE?
Goldman Sachs BDC, Inc.'s return on equity (ROE) is 8.0%. The historical average is 7.6%.
Is GSBD stock overvalued?
Based on historical data, Goldman Sachs BDC, Inc. is trading at a P/E of 9.7x. This is at the 27th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Goldman Sachs BDC, Inc.'s dividend yield?
Goldman Sachs BDC, Inc.'s current dividend yield is 20.33% with a payout ratio of 195.8%.
What are Goldman Sachs BDC, Inc.'s profit margins?
Goldman Sachs BDC, Inc. has 75.4% gross margin and 98.4% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Goldman Sachs BDC, Inc. have?
Goldman Sachs BDC, Inc.'s Debt/EBITDA ratio is 8.0x, indicating high leverage. A ratio above 4x may signal elevated financial risk.