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Golub Capital BDC, Inc. (NAS:GBDC)
EV/EBIT
27.80 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Golub Capital BDC, Inc.'s enterprise value is $1,295.34 Mil. Golub Capital BDC, Inc.'s operating income for the trailing twelve months (TTM) ended in Dec. 2013 was $48.08 Mil. Therefore, Golub Capital BDC, Inc.'s EV/EBIT ratio for today is 27.80.

GBDC' s 10-Year EV/EBIT Range
Min: 0.1   Max: 28.9
Current: 27.8

0.1
28.9

During the past 5 years, the highest EV/EBIT Ratio of Golub Capital BDC, Inc. was 28.90. The lowest was 0.10. And the median was 2.40.

GBDC's EV/EBITis ranked lower than
63% of the 990 Companies
in the Global Asset Management industry.

( Industry Median: 13.50 vs. GBDC: 27.80 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Golub Capital BDC, Inc.'s enterprise value for the quarter that ended in Dec. 2013 was $1,387.71 Mil. Golub Capital BDC, Inc.'s Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was $48.08 Mil. Golub Capital BDC, Inc.'s Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2013 was 3.47%.


Definition

Golub Capital BDC, Inc.'s EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=1295.343/48.078
=26.94

Golub Capital BDC, Inc.'s current Enterprise Value is $1,295.34 Mil.
Golub Capital BDC, Inc.'s Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was 10.394 (Mar. 2013 ) + 12 (Jun. 2013 ) + 12.424 (Sep. 2013 ) + 13.26 (Dec. 2013 ) = $48.08 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Explanation

This is a more accurate valuation of companies' operation because it consider the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt).

Golub Capital BDC, Inc.'s Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2013 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Dec. 2013 )=Operating Income (TTM)/Enterprise Value (Q: Dec. 2013 )
=48.078/1387.7113
=3.46 %

Golub Capital BDC, Inc.'s Enterprise Value for the quarter that ended in Dec. 2013 was $1,387.71 Mil.
Golub Capital BDC, Inc.'s Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was 10.394 (Mar. 2013 ) + 12 (Jun. 2013 ) + 12.424 (Sep. 2013 ) + 13.26 (Dec. 2013 ) = $48.08 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Enterprise Value, Operating Income, Earnings Yield (Joel Greenblatt)


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Golub Capital BDC, Inc. Annual Data

Sep09Sep10Sep11Sep12Sep13
ev2ebit 0.000.000.000.000.000.001.662.382.652.92

Golub Capital BDC, Inc. Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
ev2ebit 2.382.583.072.352.652.184.233.002.9228.86
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