Goldman Sachs BDC, Inc. (GSBD) P/E Ratio History
ExpensiveTrading at 32.5x vs 5Y avg 16.7x · 90th percentile · Material premium to history · Data 2015–2026
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P/E Ratio Analysis
As of November 9, 2026, Goldman Sachs BDC, Inc. (GSBD) trades at a price-to-earnings ratio of 32.5x, with a stock price of $8.64 and trailing twelve-month earnings per share of $0.27.
The current P/E is 94% above its 5-year average of 16.7x. Over the past five years, GSBD's P/E has ranged from a low of 7.8x to a high of 36.4x, placing the current valuation at the 90th percentile of its historical range.
Compared to the Financial Services sector median P/E of 12.0x, GSBD trades at a 170% premium to its sector peers. The sector includes 763 companies with P/E ratios ranging from 0.0x to 190.1x.
Relative to the broader market, GSBD commands a significant premium over the S&P 500 median P/E of 21.8x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our GSBD DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
GSBD Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
GSBD P/E vs Peers
Mid-Cap and Venture BDCs peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $14B | 15.7 | 1.53 | -24% | |
| $1B | 6.8Lowest | - | -20% | |
| $3B | 22.6 | 0.73 | +4% | |
| $177M | 8.2 | 8.05 | +49%Best | |
| $776M | 11.1 | 0.17Best | -36% | |
| $1B | 26.1 | - | -46% | |
| $905M | 10.0 | 0.24 | -7% | |
| $644M | 11.1 | 0.31 | -3% | |
| $683M | 13.6 | 1.53 | -49% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
GSBD Historical P/E Data (2015–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q3 | Sep 30 2026 | $9.09 | $0.25 | 36.4x | +112% |
| FY2026 Q2 | - | $9.48 | $0.51 | 18.6x | +8% |
| FY2026 Q1 | - | $8.88 | $0.64 | 13.9x | -19% |
| FY2025 Q4 | Dec 31 2025 | $9.28 | $1.03 | 9.0x | -48% |
| FY2025 Q3 | - | $10.17 | $1.15 | 8.8x | -49% |
| FY2025 Q2 | Jun 30 2025 | $11.25 | $1.25 | 9.0x | -48% |
| FY2025 Q1 | Mar 31 2025 | $11.63 | $0.44 | 26.4x | +54% |
| FY2024 Q4 | - | $12.10 | $0.56 | 21.6x | +26% |
| FY2024 Q3 | Sep 30 2024 | $13.76 | $0.70 | 19.7x | +14% |
| FY2024 Q2 | Jun 30 2024 | $15.03 | $0.85 | 17.7x | +3% |
| FY2024 Q1 | Mar 31 2024 | $14.98 | $1.92 | 7.8x | -55% |
| FY2023 Q4 | Dec 31 2023 | $14.65 | $1.80 | 8.1x | -53% |
| FY2023 Q3 | Sep 30 2023 | $14.56 | $1.38 | 10.6x | -38% |
| FY2023 Q2 | Jun 30 2023 | $13.86 | $0.83 | 16.7x | -3% |
| FY2023 Q1 | Mar 31 2023 | $13.65 | $0.41 | 33.1x | +93% |
| FY2022 Q4 | Dec 31 2022 | $13.72 | $0.53 | 25.8x | +50% |
| FY2022 Q3 | Sep 30 2022 | $14.45 | $0.88 | 16.5x | -4% |
| FY2022 Q2 | - | $16.80 | $1.32 | 12.7x | -26% |
| FY2022 Q1 | - | $19.61 | $1.68 | 11.7x | -32% |
| FY2021 Q4 | Dec 31 2021 | $19.16 | $1.89 | 10.1x | -41% |
| FY2021 Q3 | - | $18.35 | $4.71 | 3.9x | -77% |
| FY2021 Q2 | Jun 30 2021 | $19.60 | $5.14 | 3.8x | -78% |
| FY2021 Q1 | Mar 31 2021 | $19.33 | $5.46 | 3.5x | -79% |
| FY2020 Q4 | - | $19.12 | $3.28 | 5.8x | -66% |
| FY2020 Q3 | Sep 30 2020 | $15.04 | $0.30 | 50.1x | +192% |
| FY2019 Q4 | - | $21.28 | $0.90 | 23.6x | +38% |
| FY2019 Q3 | Sep 30 2019 | $20.09 | $0.65 | 31.0x | +80% |
| FY2019 Q2 | Jun 30 2019 | $19.67 | $0.90 | 21.9x | +27% |
| FY2019 Q1 | Mar 31 2019 | $20.54 | $0.93 | 22.1x | +29% |
| FY2018 Q4 | Dec 31 2018 | $18.38 | $1.33 | 13.8x | -20% |
| FY2018 Q3 | Sep 30 2018 | $22.18 | $1.68 | 13.2x | -23% |
| FY2018 Q2 | Jun 30 2018 | $20.48 | $1.66 | 12.3x | -28% |
| FY2018 Q1 | Mar 31 2018 | $19.13 | $1.35 | 14.2x | -18% |
| FY2017 Q4 | Dec 31 2017 | $22.18 | $1.29 | 17.2x | +0% |
| FY2017 Q3 | Sep 30 2017 | $22.82 | $1.12 | 20.4x | +19% |
| FY2017 Q2 | Jun 30 2017 | $22.52 | $1.29 | 17.5x | +2% |
| FY2017 Q1 | Mar 31 2017 | $24.64 | $1.36 | 18.1x | +5% |
| FY2016 Q4 | Dec 31 2016 | $23.52 | $1.11 | 21.2x | +23% |
| FY2016 Q3 | Sep 30 2016 | $21.77 | $0.99 | 21.9x | +27% |
| FY2016 Q2 | - | $19.99 | $0.74 | 26.9x | +56% |
| FY2016 Q1 | - | $19.60 | $1.05 | 18.6x | +8% |
| FY2015 Q4 | - | $19.00 | $1.36 | 13.9x | -19% |
| FY2015 Q3 | Sep 30 2015 | $18.41 | $1.44 | 12.8x | -26% |
| FY2015 Q2 | - | $23.65 | $1.45 | 16.3x | -5% |
| FY2015 Q1 | - | $20.66 | $1.37 | 15.1x | -12% |
Average P/E for displayed period: 17.2x
GSBD Chart Terminal
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Intrinsic Valuation
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Historical Returns
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Peer Comparison
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GSBD — Frequently Asked Questions
Quick answers to the most common questions about buying GSBD stock.
What is GSBD's P/E ratio?
Goldman Sachs BDC, Inc. (GSBD) trailing twelve-month P/E ratio is 32.5x, based on TTM diluted EPS of $0.27. The 5-year average P/E is 16.7x and the historical range spans 7.8x to 36.4x.
Is GSBD stock overvalued or undervalued?
GSBD trades at 32.5x P/E, above its 5-year average of 16.7x. The 90th percentile ranking within the 7.8x–36.4x historical range indicates a premium to historical valuation.
Is GSBD stock expensive?
Yes, GSBD is expensive relative to its own history. The current P/E of 32.5x is above the 5-year average of 16.7x and also above the Financial Services sector median of 12.0x. The stock sits at the 90th percentile of its 5-year valuation range.
What is GSBD's historical P/E range?
Over the past 5 years, GSBD's P/E ratio has ranged from 7.8x to 36.4x, with a median of 16.5x and an average of 16.7x. The current P/E of 32.5x places the stock at the 90th percentile of this range. Full historical data spans 2015–2026.
How does GSBD's P/E compare to the S&P 500?
GSBD trades at 32.5x P/E versus the S&P 500 median of 21.8x. The 49% premium to the market typically reflects higher expected earnings growth or quality.
How does GSBD's valuation compare to Financial Services peers?
Goldman Sachs BDC, Inc. P/E of 32.5x compares to the Financial Services sector median of 12.0x. The premium reflects expected growth above peers or stronger fundamentals. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is GSBD's PEG ratio?
GSBD PEG ratio is N/A, based on a P/E of 32.5x and EPS growth of 87.3%. PEG normalises P/E by growth and helps compare stocks with different earnings trajectories.
What is GSBD's earnings yield?
GSBD earnings yield is 3.08%, the inverse of its 32.5x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.