Golub Capital BDC (FRA:OGL) Cyclically Adjusted FCF per Share: €0.00 (As of Mar. 2026)


FRA:OGL Golub Capital BDC Inc FRA:OGL
62 GF Score
Price €11.12
GF Value €7.68
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Golub Capital BDC Cyclically Adjusted FCF per Share?

Golub Capital BDC FRA:OGL -3.30% 62 Cyclically Adjusted FCF per Share is €0.00 as of Mar. 2026. GuruFocus rates FRA:OGL with a GF Score™ of 62/100 and a GF Value™ of €7.68 (Significantly Overvalued). The stock has 7 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 FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

Golub Capital BDC's adjusted free cash flow per share for the three months ended in Mar. 2026 was €0.819. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is €0.00 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 51.00% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 39.70% per year. 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 FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Golub Capital BDC was 51.00% per year. The lowest was 4.00% per year. And the median was 33.95% per year.

As of today (2026-07-08), Golub Capital BDC's current stock price is €11.12. Golub Capital BDC's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was €0.00. Golub Capital BDC's Cyclically Adjusted Price-to-FCF of today is .

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Golub Capital BDC was 2929.67. The lowest was 0.00. And the median was 0.00.


Golub Capital BDC  (FRA:OGL) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF 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 Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Golub Capital BDC was 2929.67. The lowest was 0.00. And the median was 0.00.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Golub Capital BDC Cyclically Adjusted FCF per Share Related Terms


Golub Capital BDC Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Golub Capital BDC's Cyclically Adjusted FCF 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.

Golub Capital BDC Cyclically Adjusted FCF per Share Chart

Golub Capital BDC Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.49 -2.53 -1.33 -0.46 -0.25

Golub Capital BDC Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted FCF 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 -0.42 -0.19 -0.25 -0.24 0.00

FRA:OGL vs STEP, CSQ, AB: Cyclically Adjusted FCF per Share Comparison

For the Asset Management subindustry, Golub Capital BDC's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF 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 Cyclically Adjusted Price-to-FCF vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Golub Capital BDC's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Golub Capital BDC's Cyclically Adjusted Price-to-FCF falls into.


FRA:OGL
62GF Score
Golub Capital BDC Inc FRA:OGL
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Golub Capital BDC Cyclically Adjusted FCF 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 FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

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

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow 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 FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF 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, Golub Capital BDC's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2026 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.819/330.2130*330.2130
=0.819

Current CPI (Mar. 2026) = 330.2130.

Golub Capital BDC Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 0.210 241.018 0.288
201609 -0.274 241.428 -0.375
201612 -0.227 241.432 -0.310
201703 -0.288 243.801 -0.390
201706 -0.567 244.955 -0.764
201709 1.777 246.819 2.377
201712 -0.156 246.524 -0.209
201803 -0.227 249.554 -0.300
201806 -0.131 251.989 -0.172
201809 0.450 252.439 0.589
201812 -1.608 251.233 -2.114
201903 -0.236 254.202 -0.307
201906 0.746 256.143 0.962
201909 -0.462 256.759 -0.594
201912 -0.734 256.974 -0.943
202003 0.607 258.115 0.777
202006 0.607 257.797 0.778
202009 0.518 260.280 0.657
202012 -0.810 260.474 -1.027
202103 1.022 264.877 1.274
202106 0.207 271.696 0.252
202109 -1.943 274.310 -2.339
202112 -0.946 278.802 -1.120
202203 -1.102 287.504 -1.266
202206 -1.032 296.311 -1.150
202209 0.939 296.808 1.045
202212 0.292 296.797 0.325
202303 0.163 301.836 0.178
202306 0.264 305.109 0.286
202309 0.354 307.789 0.380
202312 0.884 306.746 0.952
202403 0.805 312.332 0.851
202406 1.073 314.175 1.128
202409 -0.680 315.301 -0.712
202412 -1.354 315.605 -1.417
202503 0.678 319.799 0.700
202506 -0.651 322.561 -0.666
202509 0.851 324.800 0.865
202512 0.687 324.054 0.700
202603 0.819 330.213 0.819

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

What does a Cyclically Adjusted FCF per Share of €0.00 mean?
Golub Capital BDC (FRA:OGL) has a Cyclically Adjusted FCF per Share of €0.00 as of Mar. 2026. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Golub Capital BDC and its competitors.
Is Golub Capital BDC's Cyclically Adjusted FCF per Share too high?
Golub Capital BDC's current Cyclically Adjusted FCF per Share is €0.00. Overall, Golub Capital BDC has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Golub Capital BDC's Cyclically Adjusted FCF per Share compare to STEP and CSQ?
Golub Capital BDC's Cyclically Adjusted FCF per Share of €0.00 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 FCF per Share for an Asset Management company?
A good Cyclically Adjusted FCF per Share depends on the Asset Management industry context. However, Cyclically Adjusted FCF 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 FCF per Share mean?
A high Cyclically Adjusted FCF per Share can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Golub Capital BDC and its competitors. Golub Capital BDC's current Cyclically Adjusted FCF per Share is €0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Golub Capital BDC stock overvalued right now?
Based on GuruFocus' analysis, Golub Capital BDC (FRA:OGL) is currently considered Significantly Overvalued. The stock's GF Value™ is €7.68, compared to a current price of €11.12 — trading 44.8% above its estimated fair value. The current Cyclically Adjusted FCF per Share is €0.00. Golub Capital BDC's overall GF Score™ is 62/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted FCF per Share calculated?
Cyclically Adjusted FCF per Share is calculated from a company's financial statements. For Golub Capital BDC (FRA:OGL), the current Cyclically Adjusted FCF per Share is €0.00 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 Golub Capital BDC (FRA:OGL) Overvalued in 2026?

Based on GuruFocus' analysis, Golub Capital BDC stock appears to be overvalued. The current stock price of €11.12 is trading 44.8% above its estimated GF Value™ of €7.68. GuruFocus considers Golub Capital BDC to be Significantly Overvalued.

Key valuation signals for FRA:OGL:

  • Cyclically Adjusted FCF per Share: €0.00
  • GF Value™: €7.68 vs. price of €11.12 (44.8% above fair value)
  • GF Score™: 62/100 with 7 warning signs

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


Golub Capital BDC Business Description

Other Exchanges GBDC:USA0IZ6:UK
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 U.S. middle-market companies. It also invests in second-lien and subordinated loans, warrants, and minority equity securities in U.S. middle-market companies. The company generally invests in securities rated below investment grade by independent rating agencies, or those that would be rated below investment grade if evaluated. The company operates in the USA, Canada, and other countries, with the majority of its revenue coming from the USA.
62GF Score

Get the complete analysis for FRA:OGL

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

€11.12
Price
€7.68
GF Value