Palmer Square Capital BDC Inc. (PSBD) Financial Ratios
6 years of historical data (2020–2025) · Financial Services · Asset Management
EV/EBITDA
↓
0.59
↓-96% vs avg
5yr avg: 13.91
30Y Low0.6·High27.2
P/FCF
↓
2.09
↓-41% vs avg
5yr avg: 3.54
30Y Low2.4·High4.6
P/B Ratio
↓
0.75
↓-15% vs avg
5yr avg: 0.88
30Y Low0.8·High0.9
ROE
↓
-0.6%
↑-114% vs avg
5yr avg: 4.4%
30Y Low-18%·High26%
Debt/EBITDA
↓
0.40
↓-97% vs avg
5yr avg: 14.33
30Y Low0.4·High34.1
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
PSBD Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Palmer Square Capital BDC Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 2.1x P/FCF, 41% below the 5-year average of 3.5x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Market Cap | $335M | $392M | $496M | — | — | — | — |
| Enterprise Value | $1.0B | $1.1B | $1.3B | — | — | — | — |
| P/E Ratio → | -109.33 | — | 10.41 | — | — | — | — |
| P/S Ratio | 3.02 | 3.52 | 4.49 | — | — | — | — |
| P/B Ratio | 0.75 | 0.84 | 0.92 | — | — | — | — |
| P/FCF | 2.09 | 2.44 | 4.64 | — | — | — | — |
| P/OCF | 2.09 | 2.44 | 4.64 | — | — | — | — |
P/E links to full P/E history page with 30-year chart
PSBD EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Palmer Square Capital BDC Inc.'s enterprise value stands at 0.6x EBITDA, 96% below its 5-year average of 13.9x. The Financial Services sector median is 11.4x, placing the stock at a 95% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 9.94 | 11.76 | — | — | — | — |
| EV / EBITDA | 0.59 | 0.62 | 27.21 | — | — | — | — |
| EV / EBIT | 22.37 | 23.57 | 27.21 | — | — | — | — |
| EV / FCF | — | 6.88 | 12.15 | — | — | — | — |
PSBD Profitability
Margins and return-on-capital ratios measuring operating efficiency
Palmer Square Capital BDC Inc. earns an operating margin of 42.2%, significantly above the Financial Services sector average of 20.3%. Operating margins have compressed from 70.2% to 42.2% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -0.6% indicates the company is currently destroying shareholder equity. ROIC of 2.8% represents below-average 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 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 85.1% | 85.1% | 47.4% | 71.1% | 147.5% | 70.8% | 79.7% |
| Operating Margin | 42.2% | 42.2% | 43.2% | 70.2% | 150.8% | 64.5% | 128.7% |
| Net Profit Margin | -2.9% | -2.9% | 43.2% | 70.2% | 150.8% | 64.5% | 109.3% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| ROE | -0.6% | -0.6% | 9.5% | 26.1% | -18.3% | 5.4% | 10.6% |
| ROA | -0.2% | -0.2% | 3.7% | 9.9% | -6.5% | 2.0% | 4.0% |
| ROIC | 2.8% | 2.8% | 2.9% | 7.7% | -5.3% | 1.6% | — |
| ROCE | 3.7% | 3.7% | 3.9% | 10.2% | -7.0% | 2.2% | 4.9% |
PSBD Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Palmer Square Capital BDC Inc. carries a Debt/EBITDA ratio of 0.4x, which is very conservative (91% below the sector average of 4.3x). Net debt stands at $713M ($717M total debt minus $3M cash). Interest coverage of just 0.0x 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 |
|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.54 | 1.54 | 1.50 | 1.39 | 1.76 | 1.44 | 1.55 |
| Debt / EBITDA | 0.40 | 0.40 | 16.87 | 5.95 | — | 34.10 | 16.08 |
| Net Debt / Equity | — | 1.54 | 1.49 | 1.38 | 1.76 | 1.43 | 1.55 |
| Net Debt / EBITDA | 0.40 | 0.40 | 16.81 | 5.93 | — | 34.04 | 16.05 |
| Debt / FCF | — | 4.44 | 7.51 | 11.20 | — | — | 24.24 |
| Interest Coverage | 0.00 | 0.00 | 0.82 | 2.42 | -3.18 | 2.21 | — |
PSBD Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.09x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 0.88x to 0.09x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 0.09 | 0.09 | 0.29 | 0.88 | 0.81 | 0.21 | 0.74 |
| Quick Ratio | 0.09 | 0.09 | 0.29 | 0.88 | 0.81 | 0.21 | 0.74 |
| Cash Ratio | 0.09 | 0.09 | 0.03 | 0.14 | 0.03 | 0.01 | 0.04 |
| Asset Turnover | — | 0.09 | 0.08 | 0.14 | -0.05 | 0.02 | 0.04 |
| Inventory Turnover | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — |
PSBD Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Palmer Square Capital BDC Inc. returns 21.3% to shareholders annually — split between a 16.0% dividend yield and 5.4% buyback yield.
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 |
|---|---|---|---|---|---|---|---|
| Dividend Yield | 16.0% | — | — | — | — | — | — |
| Payout Ratio | — | — | — | 31.5% | — | 33.0% | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 9.6% | — | — | — | — |
| FCF Yield | 47.9% | 41.0% | 21.5% | — | — | — | — |
| Buyback Yield | 5.4% | — | — | — | — | — | — |
| Total Shareholder Yield | 21.3% | — | — | — | — | — | — |
| Shares Outstanding | — | $32M | $33M | $33M | $32M | $32M | $32M |
Peer Comparison
Compare PSBD 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 |
|---|---|---|---|---|---|---|---|---|---|
 PSBDYou | $335M | -109.3 | 0.6 | 2.1 | 85.1% | 42.2% | -0.6% | 2.8% | 0.4 |
 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 |
 CGBD | $761M | 10.8 | 12.8 | — | 70.9% | 86.2% | 6.8% | 5.6% | 8.7 |
 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 |
 FSK | $3B | 261.3 | 13.6 | 4.9 | 69.6% | 49.5% | 0.2% | 3.2% | 10.1 |
 BBDC | $868M | 8.5 | 11.7 | 5.4 | 74.0% | 85.2% | 8.7% | 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 · 6 years · Updated daily
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PSBD — Frequently Asked Questions
Quick answers to the most common questions about buying PSBD stock.
What is Palmer Square Capital BDC Inc.'s P/E ratio?
Palmer Square Capital BDC Inc.'s current P/E ratio is -109.3x. The historical average is 10.4x.
What is Palmer Square Capital BDC Inc.'s EV/EBITDA?
Palmer Square Capital BDC Inc.'s current EV/EBITDA is 0.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.9x.
What is Palmer Square Capital BDC Inc.'s ROE?
Palmer Square Capital BDC Inc.'s return on equity (ROE) is -0.6%. The historical average is 5.5%.
Is PSBD stock overvalued?
Based on historical data, Palmer Square Capital BDC Inc. is trading at a P/E of -109.3x. Compare with industry peers and growth rates for a complete picture.
What is Palmer Square Capital BDC Inc.'s dividend yield?
Palmer Square Capital BDC Inc.'s current dividend yield is 15.96%.
What are Palmer Square Capital BDC Inc.'s profit margins?
Palmer Square Capital BDC Inc. has 85.1% gross margin and 42.2% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Palmer Square Capital BDC Inc. have?
Palmer Square Capital BDC Inc.'s Debt/EBITDA ratio is 0.4x, indicating low leverage. A ratio below 2x is generally considered financially healthy.