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Golub Capital BDC (Golub Capital BDC) PE Ratio

: 9.46 (As of Today)
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The PE Ratio, or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). As of today (2024-04-24), Golub Capital BDC's share price is $17.21. Golub Capital BDC's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2023 was $1.82. Therefore, Golub Capital BDC's PE Ratio for today is 9.46.


The historical rank and industry rank for Golub Capital BDC's PE Ratio or its related term are showing as below:

GBDC' s PE Ratio Range Over the Past 10 Years
Min: 5.78   Med: 12.8   Max: 78.5
Current: 9.46


During the past 13 years, the highest PE Ratio of Golub Capital BDC was 78.50. The lowest was 5.78. And the median was 12.80.


GBDC's PE Ratio is ranked better than
65.18% of 1186 companies
in the Asset Management industry
Industry Median: 13.52 vs GBDC: 9.46

Golub Capital BDC's Earnings per Share (Diluted) for the three months ended in Dec. 2023 was $0.45. Its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2023 was $1.82.

As of today (2024-04-24), Golub Capital BDC's share price is $17.21. Golub Capital BDC's EPS without NRI for the trailing twelve months (TTM) ended in Dec. 2023 was $1.82. Therefore, Golub Capital BDC's PE Ratio without NRI for today is 9.46.

During the past 13 years, Golub Capital BDC's highest PE Ratio without NRI was 78.50. The lowest was 5.78. And the median was 12.80.

Golub Capital BDC's EPS without NRI for the three months ended in Dec. 2023 was $0.45. Its EPS without NRI for the trailing twelve months (TTM) ended in Dec. 2023 was $1.82.

During the past 12 months, Golub Capital BDC's average EPS without NRI Growth Rate was 167.60% per year. During the past 3 years, the average EPS without NRI Growth Rate was 60.20% per year.

During the past 13 years, Golub Capital BDC's highest 3-Year average EPS without NRI Growth Rate was 60.20% per year. The lowest was -35.40% per year. And the median was 1.70% per year.

Golub Capital BDC's EPS (Basic) for the three months ended in Dec. 2023 was $0.45. Its EPS (Basic) for the trailing twelve months (TTM) ended in Dec. 2023 was $1.82.


Golub Capital BDC PE Ratio Historical Data

The historical data trend for Golub Capital BDC's PE Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Golub Capital BDC Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only At Loss 35.78 7.79 13.77 9.65

Golub Capital BDC Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
PE Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 19.35 21.52 13.92 9.65 8.30

Competitive Comparison

For the Asset Management subindustry, Golub Capital BDC's PE Ratio, along with its competitors' market caps and PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Golub Capital BDC PE Ratio Distribution

For the Asset Management industry and Financial Services sector, Golub Capital BDC's PE Ratio distribution charts can be found below:

* The bar in red indicates where Golub Capital BDC's PE Ratio falls into.



Golub Capital BDC PE Ratio Calculation

The PE Ratio, or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). It is the most widely used ratio in the valuation of stocks.

Golub Capital BDC's PE Ratio for today is calculated as

PE Ratio=Share Price/Earnings per Share (Diluted) (TTM)
=17.21/1.820
=9.46

Golub Capital BDC's Share Price of today is $17.21.
Golub Capital BDC's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.82.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

It can also be calculated from the numbers for the whole company:


There are at least three kinds of PE Ratios used by different investors. They are Trailing Twelve Month PE Ratio or PE Ratio (TTM), Forward PE Ratio, or PE Ratio without NRI. A new PE Ratio based on inflation-adjusted normalized PE Ratio is called Shiller PE Ratio, after Yale professor Robert Shiller.

In the calculation of PE Ratio, the earnings per share used are the earnings per share over the past 12 months. For Forward PE Ratio, the earnings are the expected earnings for the next twelve months. In the case of PE Ratio without NRI, the reported earnings less the non-recurring items are used.

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. Since it looks at the average over the last 10 years, Shiller PE Ratio is also called PE10.


Golub Capital BDC  (NAS:GBDC) PE Ratio Explanation

The PE Ratio can be viewed as the number of years it takes for the company to earn back the price you pay for the stock. For example, if a company earns $2 a share per year, and the stock is traded at $30, the PE Ratio is 15. Therefore it takes 15 years for the company to earn back the $30 you paid for its stock, assuming the earnings stays constant over the next 15 years.

In real business, earnings never stay constant. If a company can grow its earnings, it takes fewer years for the company to earn back the price you pay for the stock. If a company's earnings decline it takes more years. As a shareholder, you want the company to earn back the price you pay as soon as possible. Therefore, lower P/E stocks are more attractive than higher P/E stocks so long as the PE Ratio is positive. Also for stocks with the same PE Ratio, the one with faster growth business is more attractive.

If a company loses money, the PE Ratio becomes meaningless.

To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the PE Ratio divided by the growth ratio. He thinks a company with a PE Ratio equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a PE Ratio of 20, instead of a company growing 10% a year with a PE Ratio of 10.

Because the PE Ratio measures how long it takes to earn back the price you pay, the PE Ratio can be applied to the stocks across different industries. That is why it is the one of the most important and widely used indicators for the valuation of stocks.

Similar to the PE Ratio without NRI or PS Ratio or Price-to-Operating-Cash-Flow or Price-to-Free-Cash-Flow , the PE Ratio measures the valuation based on the earning power of the company. This is where it is different from the PB Ratio , which measures the valuation based on the company's balance sheet.


Be Aware

Investors need to be aware that the PE Ratio can be misleading a lot of times, especially when the underlying business is cyclical and unpredictable. As Peter Lynch pointed out, cyclical businesses have higher profit margins at the peaks of the business cycles. Their earnings are high and PE Ratios are artificially low. It is usually a bad idea to buy a cyclical business when the PE Ratio is low. A better ratio to identify the time to buy a cyclical businesses is the PS Ratio .

PE Ratio can also be affected by non-recurring-items such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio.


Golub Capital BDC PE Ratio Related Terms

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Golub Capital BDC (Golub Capital BDC) Business Description

Traded in Other Exchanges
Address
200 Park Avenue, 25th Floor, New York, NY, USA, 10166
Golub Capital BDC Inc is an externally managed, closed-end, non-diversified management investment company. Its investment objective is to generate current income and capital appreciation by investing in senior secured and one-stop loans in United States middle-market companies. It also invests in the second lien and subordinated loans, warrants, and minority equity securities in United States middle-market companies. The company generally invests in securities that have been rated below investment grade by independent rating agencies or that would be rated below investment grade if they were rated.
Executives
Anita R Rosenberg director C/O GOLUB CAPITAL BDC, INC., 150 SOUTH WACKER STREET, SUITE 800, CHICAGO IL 60606
Lawrence E Golub director, officer: Chairman 555 MADISON AVENUE, 30TH FLOOR, NEW YORK NY 10022
David Golub director, officer: Chief Executive Officer 1125 PARK AVE. 7A, NEW YORK NY 10128
John Thomas Baily director 919 THIRD AVENUE, 10TH FLOOR, NEW YORK NY 10022
Ericson Christopher Compton officer: Chief Fin. Officer & Treasurer C/O GOLUB CAPITAL, 200 PARK AVENUE, 25TH FLOOR, NEW YORK NY 10166
Holder Lofton Phillip Jr director 48 WEST 89TH STREET, NEW YORK NY 10024
Joshua M Levinson officer: Chief Compliance Officer 150 SOUTH WACKER DRIVE, 8TH FLOOR, CHICAGO IL 60606
Webster William M Iv director 120 N LASALLE ST, SUITE 3300, CHICAGO IL 60602
Ross Teune officer: Chief Financial Officer 150 SOUTH WACKER DRIVE, SUITE 800, CHICAGO IL 60606
Ohio Strs 10 percent owner 275 E BROAD ST, COLUMBUS OH 43215
Kenneth F Bernstein director C/O ACADIA REALTY TRUST, 411 THEODORE FREMD AVENUE, SUITE 300, RYE NY 10580
Thomas E Lynch director 382 GREENWICH AVE, SUITE ONE, GREENWICH CT 06830
Sean K Coleman officer: CFO and Treasurer C/O FRANKLIN SQUARE CAPITAL PARTNERS, CIRA CENTRE, 2929 ARCH STREET, SUITE 675, PHILADELPHIA PA 19104
Gems Fund, L.p. 10 percent owner C/O GC ADVISORS LLC, 150 SOUTH WACKER DRIVE, SUITE 800, CHICAGO IL 60606
Golub Capital Co Iv, Llc 10 percent owner 150 SOUTH WACKER DRIVE, SUITE 800, CHICAGO IL 60606