Kayne Anderson BDC, Inc. (KBDC) Financial Ratios
5 years of historical data (2021–2025) · Financial Services · Asset Management
EV/EBITDA
↑
255.63
↑+94% vs avg
5yr avg: 131.52
30Y Low14.2·High14.2
P/FCF
N/A
—
5yr avg: 10.04
30Y Low10.0·High10.0
P/B Ratio
↑
0.96
+7% vs avg
5yr avg: 0.90
30Y Low0.9·High0.9
ROE
↑
N/A
—
5yr avg: 10.9%
30Y Low7%·High14%
Debt/EBITDA
↓
N/A
—
5yr avg: 9.94
30Y Low6.4·High12.5
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
KBDC Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Kayne Anderson BDC, Inc. trades at 9.1x earnings, 10% above its 5-year average of 8.3x, sitting at the 100th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.1x, the stock trades at a discount of 31%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Market Cap | $1.0B | $1.0B | $1.1B | — | — | — |
| Enterprise Value | $1.0B | $988M | $1.9B | — | — | — |
| P/E Ratio → | 9.10 | 8.57 | 7.99 | — | — | — |
| P/S Ratio | 4.38 | 4.27 | 5.81 | — | — | — |
| P/B Ratio | 0.96 | 0.91 | 0.89 | — | — | — |
| P/FCF | — | — | 10.04 | — | — | — |
| P/OCF | — | — | 10.04 | — | — | — |
P/E links to full P/E history page with 30-year chart
KBDC EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Kayne Anderson BDC, Inc.'s enterprise value stands at 255.6x EBITDA, 94% above its 5-year average of 131.5x. The Financial Services sector median is 11.5x, placing the stock at a 2129% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| EV / Revenue | — | 4.19 | 10.36 | — | — | — |
| EV / EBITDA | 255.63 | 248.87 | 14.17 | — | — | — |
| EV / EBIT | — | — | 14.17 | — | — | — |
| EV / FCF | — | — | 17.90 | — | — | — |
KBDC Profitability
Margins and return-on-capital ratios measuring operating efficiency
Operating margins have expanded from 58.2% to 73.1% over the past 3 years, signaling improving operational efficiency.
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 |
|---|---|---|---|---|---|---|
| Gross Margin | — | — | 68.2% | 62.5% | 73.5% | 85.4% |
| Operating Margin | — | — | 73.1% | 58.2% | 66.7% | 77.5% |
| Net Profit Margin | — | — | 72.7% | 58.2% | 66.7% | 77.5% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| ROE | — | — | 14.1% | 12.1% | 10.1% | 7.1% |
| ROA | — | — | 7.5% | 5.9% | 5.1% | 3.8% |
| ROIC | — | — | 5.8% | 4.6% | 3.9% | — |
| ROCE | — | — | 7.7% | 6.0% | 5.2% | 3.8% |
KBDC Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
The company holds a net cash position — cash of $18M exceeds total debt of $0, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Debt / Equity | — | — | 0.71 | 1.01 | 0.97 | 0.85 |
| Debt / EBITDA | — | — | 6.39 | 8.94 | 12.49 | 11.95 |
| Net Debt / Equity | — | -0.02 | 0.70 | 0.96 | 0.95 | 0.85 |
| Net Debt / EBITDA | -4.54 | -4.54 | 6.22 | 8.50 | 12.30 | 11.86 |
| Debt / FCF | — | — | 7.86 | 8.21 | 12.21 | 27.90 |
| Interest Coverage | — | — | 2.30 | 1.55 | 2.52 | 5.31 |
Net cash position: cash ($18M) exceeds total debt ($0)
KBDC Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio has declined from 67.28x to 1.33x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Current Ratio | — | — | 1.33 | 67.28 | 1.16 | 0.90 |
| Quick Ratio | — | — | 1.33 | 67.28 | 1.16 | 0.90 |
| Cash Ratio | — | — | 0.79 | 1.55 | 0.52 | 0.44 |
| Asset Turnover | — | 0.10 | 0.09 | 0.09 | 0.06 | 0.05 |
| Inventory Turnover | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — |
KBDC Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Kayne Anderson BDC, Inc. returns 5.2% to shareholders annually — split between a 0.6% dividend yield and 4.6% buyback yield. The earnings yield of 11.0% (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 |
|---|---|---|---|---|---|---|
| Dividend Yield | 0.6% | 0.6% | 9.6% | — | — | — |
| Payout Ratio | — | — | — | 90.8% | 50.5% | 19.8% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Earnings Yield | 11.0% | 11.7% | 12.5% | — | — | — |
| FCF Yield | — | — | 10.0% | — | — | — |
| Buyback Yield | 4.6% | 4.8% | 0.0% | — | — | — |
| Total Shareholder Yield | 5.2% | 5.4% | 9.6% | — | — | — |
| Shares Outstanding | — | $70M | $64M | $65M | $65M | $65M |
Peer Comparison
Compare KBDC 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 |
|---|---|---|---|---|---|---|---|---|---|
 KBDCYou | $1B | 9.1 | 255.6 | — | — | — | — | — | — |
 ARCC | $14B | 10.2 | 13.1 | 11.9 | 75.7% | 69.7% | 9.4% | 5.7% | 7.3 |
 GBDC | $3B | 9.3 | 12.1 | — | 81.5% | 78.9% | 9.4% | 5.9% | 7.1 |
 OBDC | $6B | 9.2 | 12.1 | 3.3 | 75.3% | 73.2% | 9.4% | 6.1% | 7.5 |
 FSCO | $1B | 5.4 | 6.5 | 15.2 | 81.3% | 77.5% | 13.5% | 8.1% | 2.3 |
 TPVG | $243M | 4.9 | 9.1 | — | 83.5% | 77.9% | 14.1% | 7.2% | 6.2 |
 MFIC | $1B | 17.4 | 15.7 | 10.8 | 83.4% | 71.6% | 4.7% | 4.6% | 10.5 |
 MAIN | $5B | 10.3 | 14.3 | 14.7 | 100.0% | 80.7% | 17.0% | 7.5% | 4.7 |
 HTGC | $3B | 8.9 | 14.5 | — | 87.2% | 66.7% | 16.2% | 6.6% | 6.3 |
 SLRC | $745M | 8.0 | 11.5 | — | 73.3% | 72.9% | 9.3% | 5.8% | 7.0 |
 CGBD | $859M | 7.5 | 19.6 | 8.2 | 59.2% | 54.7% | 9.8% | 3.7% | 10.6 |
| 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 →
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Quick answers to the most common questions about buying KBDC stock.
What is Kayne Anderson BDC, Inc.'s P/E ratio?
Kayne Anderson BDC, Inc.'s current P/E ratio is 9.1x. The historical average is 8.3x. This places it at the 100th percentile of its historical range.
What is Kayne Anderson BDC, Inc.'s EV/EBITDA?
Kayne Anderson BDC, Inc.'s current EV/EBITDA is 255.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.2x.
Is KBDC stock overvalued?
Based on historical data, Kayne Anderson BDC, Inc. is trading at a P/E of 9.1x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Kayne Anderson BDC, Inc.'s dividend yield?
Kayne Anderson BDC, Inc.'s current dividend yield is 0.60%.