OBDC (Blue Owl Capital) Cyclically Adjusted Book per Share: $13.66 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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OBDC Blue Owl Capital Corp OBDC
60 GF Score
Price $10.77
GF Value $14.46
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Blue Owl Capital Cyclically Adjusted Book per Share?

Blue Owl Capital OBDC +0.65% 60 Cyclically Adjusted Book per Share is $13.66 as of Mar. 2026. GuruFocus rates OBDC with a GF Score™ of 60/100 and a GF Value™ of $14.46 (Modestly Undervalued). The stock has 6 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

Blue Owl Capital's adjusted book value per share for the three months ended in Mar. 2026 was $14.415. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $13.66 for the trailing ten years ended in Mar. 2026.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

As of today (2026-07-27), Blue Owl Capital's current stock price is $10.77. Blue Owl Capital's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $13.66. Blue Owl Capital's Cyclically Adjusted PB Ratio of today is 0.79.

During the past 10 years, the highest Cyclically Adjusted PB Ratio of Blue Owl Capital was 0.94. The lowest was 0.79. And the median was 0.83.


Blue Owl Capital  (NYSE:OBDC) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Blue Owl Capital's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=10.77/13.66
=0.79

* 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.

During the past 10 years, the highest Cyclically Adjusted PB Ratio of Blue Owl Capital was 0.94. The lowest was 0.79. And the median was 0.83.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Blue Owl Capital Cyclically Adjusted Book per Share Related Terms


Blue Owl Capital Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Blue Owl Capital's Cyclically Adjusted Book per Share 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.

Blue Owl Capital Cyclically Adjusted Book per Share Chart

Blue Owl Capital Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 13.39

Blue Owl Capital Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted Book per Share 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 0.00 0.00 0.00 13.39 13.66

OBDC vs BXSL, MAIN, HASI: Cyclically Adjusted Book per Share Comparison

For the Asset Management subindustry, Blue Owl Capital's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB 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.


Blue Owl Capital Cyclically Adjusted PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Blue Owl Capital's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Blue Owl Capital's Cyclically Adjusted PB Ratio falls into.


OBDC
60GF Score
Blue Owl Capital Corp OBDC
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
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Blue Owl Capital Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Blue Owl Capital's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book= Book Value per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=14.415/330.2130*330.2130
=14.415

Current CPI (Mar. 2026) = 330.2130.

Blue Owl Capital Quarterly Data

Book Value per Share CPI Adj_Book
201606 1.097 241.018 1.503
201609 1.222 241.428 1.671
201612 1.774 241.432 2.426
201703 1.809 243.801 2.450
201706 2.825 244.955 3.808
201709 3.400 246.819 4.549
201712 3.838 246.524 5.141
201803 4.363 249.554 5.773
201806 5.468 251.989 7.165
201809 7.227 252.439 9.454
201812 8.509 251.233 11.184
201903 10.634 254.202 13.814
201906 14.881 256.143 19.184
201909 15.224 256.759 19.579
201912 15.243 256.974 19.587
202003 14.090 258.115 18.026
202006 14.520 257.797 18.599
202009 14.668 260.280 18.609
202012 14.736 260.474 18.681
202103 14.824 264.877 18.481
202106 14.895 271.696 18.103
202109 14.948 274.310 17.994
202112 15.080 278.802 17.861
202203 14.880 287.504 17.090
202206 14.485 296.311 16.142
202209 14.849 296.808 16.520
202212 14.988 296.797 16.675
202303 15.146 301.836 16.570
202306 15.264 305.109 16.520
202309 15.395 307.789 16.517
202312 15.450 306.746 16.632
202403 15.468 312.332 16.354
202406 15.361 314.175 16.145
202409 15.278 315.301 16.001
202412 15.255 315.605 15.961
202503 15.144 319.799 15.637
202506 15.033 322.561 15.390
202509 14.893 324.800 15.141
202512 14.811 324.054 15.092
202603 14.415 330.213 14.415

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

What does a Cyclically Adjusted Book per Share of $13.66 mean?
Blue Owl Capital (OBDC) has a Cyclically Adjusted Book per Share of $13.66 as of Mar. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Blue Owl Capital and its competitors.
Is Blue Owl Capital's Cyclically Adjusted Book per Share too high?
Blue Owl Capital's current Cyclically Adjusted Book per Share is $13.66. Overall, Blue Owl Capital has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Blue Owl Capital's Cyclically Adjusted Book per Share compare to BXSL and MAIN?
Blue Owl Capital's Cyclically Adjusted Book per Share of $13.66 can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for an Asset Management company?
A good Cyclically Adjusted Book per Share depends on the Asset Management industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Blue Owl Capital and its competitors. Blue Owl Capital's current Cyclically Adjusted Book per Share is $13.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Blue Owl Capital stock overvalued right now?
Based on GuruFocus' analysis, Blue Owl Capital (OBDC) is currently considered Modestly Undervalued. The stock's GF Value™ is $14.46, compared to a current price of $10.77 — trading 25.5% below its estimated fair value. The current Cyclically Adjusted Book per Share is $13.66. Blue Owl Capital's overall GF Score™ is 60/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For Blue Owl Capital (OBDC), the current Cyclically Adjusted Book per Share is $13.66 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Blue Owl Capital (OBDC) Overvalued in 2026?

Based on GuruFocus' analysis, Blue Owl Capital stock appears to be undervalued. The current stock price of $10.77 is trading 25.5% below its estimated GF Value™ of $14.46. GuruFocus considers Blue Owl Capital to be Modestly Undervalued.

Key valuation signals for OBDC:

  • Cyclically Adjusted Book per Share: $13.66
  • GF Value™: $14.46 vs. price of $10.77 (25.5% below fair value)
  • GF Score™: 60/100 with 6 warning signs

No single metric tells the full story. See the OBDC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Blue Owl Capital Business Description

Other Exchanges 1D6:Germany
Address 399 Park Avenue, New York, NY, USA, 10022
Blue Owl Capital Corp is a specialty finance company and business development company (BDC) focused on providing direct lending solutions to U.S. middle-market companies. The company seeks to generate current income and, to a lesser extent, capital appreciation by targeting investment opportunities with favorable risk-adjusted returns, including senior secured, subordinated, or mezzanine loans and equity-related instruments. Its investment strategies are intended to generate favorable returns across credit cycles with an emphasis on preserving capital.
60GF Score

Get the complete analysis for OBDC

Cyclically Adjusted Book per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$10.77
Price
$14.46
GF Value