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GSBD (Goldmanchs BDC) Cyclically Adjusted PB Ratio : 0.57 (As of May. 30, 2025)


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What is Goldmanchs BDC Cyclically Adjusted PB Ratio?

As of today (2025-05-30), Goldmanchs BDC's current share price is $11.38. Goldmanchs BDC's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $19.87. Goldmanchs BDC's Cyclically Adjusted PB Ratio for today is 0.57.

The historical rank and industry rank for Goldmanchs BDC's Cyclically Adjusted PB Ratio or its related term are showing as below:

GSBD' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.51   Med: 0.69   Max: 0.79
Current: 0.57

During the past years, Goldmanchs BDC's highest Cyclically Adjusted PB Ratio was 0.79. The lowest was 0.51. And the median was 0.69.

GSBD's Cyclically Adjusted PB Ratio is ranked better than
71.17% of 940 companies
in the Asset Management industry
Industry Median: 0.795 vs GSBD: 0.57

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.

Goldmanchs BDC's adjusted book value per share data for the three months ended in Mar. 2025 was $13.197. 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 $19.87 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Goldmanchs BDC Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Goldmanchs BDC's Cyclically Adjusted PB 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.

Goldmanchs BDC Cyclically Adjusted PB Ratio Chart

Goldmanchs BDC Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 0.67 0.72 0.61

Goldmanchs BDC Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted PB 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 0.73 0.74 0.68 0.61 0.59

Competitive Comparison of Goldmanchs BDC's Cyclically Adjusted PB Ratio

For the Asset Management subindustry, Goldmanchs BDC'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.


Goldmanchs BDC's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

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

* The bar in red indicates where Goldmanchs BDC's Cyclically Adjusted PB Ratio falls into.


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Goldmanchs BDC Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Goldmanchs BDC's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=11.38/19.87
=0.57

* 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.

Goldmanchs BDC's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Goldmanchs BDC's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=13.197/134.9266*134.9266
=13.197

Current CPI (Mar. 2025) = 134.9266.

Goldmanchs BDC Quarterly Data

Book Value per Share CPI Adj_Book
201506 19.463 100.684 26.082
201509 19.385 100.392 26.054
201512 18.967 99.792 25.645
201603 18.666 100.470 25.067
201606 18.409 101.688 24.426
201609 18.583 101.861 24.615
201612 18.307 101.863 24.249
201703 18.259 102.862 23.951
201706 18.226 103.349 23.795
201709 18.229 104.136 23.619
201712 18.087 104.011 23.463
201803 18.098 105.290 23.192
201806 18.083 106.317 22.949
201809 18.127 106.507 22.964
201812 17.647 105.998 22.463
201903 17.253 107.251 21.705
201906 17.205 108.070 21.481
201909 16.978 108.329 21.146
201912 16.749 108.420 20.844
202003 14.724 108.902 18.243
202006 15.135 108.767 18.775
202009 15.487 109.815 19.028
202012 15.907 109.897 19.530
202103 16.004 111.754 19.322
202106 16.046 114.631 18.887
202109 15.922 115.734 18.562
202112 15.856 117.630 18.188
202203 15.802 121.301 17.577
202206 15.534 125.017 16.765
202209 15.022 125.227 16.186
202212 14.607 125.222 15.739
202303 14.438 127.348 15.297
202306 14.588 128.729 15.290
202309 14.609 129.860 15.179
202312 14.620 129.419 15.242
202403 14.555 131.776 14.903
202406 13.670 132.554 13.915
202409 13.538 133.029 13.731
202412 13.408 133.157 13.586
202503 13.197 134.927 13.197

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


Goldmanchs BDC  (NYSE:GSBD) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Goldmanchs BDC Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Goldmanchs BDC's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Goldmanchs BDC Business Description

Traded in Other Exchanges
Address
200 West Street, New York, NY, USA, 10282
Goldman Sachs BDC Inc is a non-diversified, closed-end management investment company that elected to be regulated as a business development company focused on lending to middle-market companies. The investment objective is to generate current income and, to a lesser extent, capital appreciation primarily through direct originations of secured debt, including the first lien, unitranche and second lien debt, and unsecured debt. It invests primarily in U.S. middle-market companies such as banks and the public debt markets. The company focuses on the negotiation and structuring of the loans or securities in which it invests and holding the investments in its portfolio to maturity. It generates majority revenue in the form of interest income and dividend income.
Executives
David Miller officer: See Remarks C/O GOLDMAN SACHS MML CORP., 200 WEST STREET, NEW YORK NY 10282
Jennifer Yang officer: Vice President C/O GOLDMAN SACHS MML CORP. II, 200 WEST STREET, NEW YORK NY 10282-2198
Greg Watts officer: Vice President C/O GOLDMAN SACHS MML CORP. II, 200 WEST STREET, NEW YORK NY 10282-2198
Justin Betzen officer: Vice President C/O GOLDMAN SACHS MML CORP. II, 200 WEST STREET, NEW YORK NY 10282-2198
Tucker Greene officer: Vice President C/O GOLDMAN SACHS MML CORP. II, 200 WEST STREET, NEW YORK NY 10282-2198
Gabriella Skirnick officer: See Remarks C/O GOLDMAN SACHS MML CORP. II, 200 WEST STREET, NEW YORK NY 10282
Alex Chi officer: See Remarks C/O GOLDMAN SACHS MML CORP., 200 WEST STREET, NEW YORK NY 10282
Susan B Mcgee director 7900 CALLAGHAN ROAD, SAN ANTONIO TX 78229
Ann B Lane director C/O DEALERTRACK HOLDINGS, INC., 1111 MARCUS AVENUE, SUITE M04, NEW YORK NY 11042
Jonathan Lamm, officer: See Remarks 200 WEST STREET, NEW YORK NY 10282
Joseph F Dimaria officer: Interim CFO & Interim Treas C/O BANK OF AMERICA INVESTMETN ADVISORS, 100 FEDERAL STREET, BOSTON MA 02110
Carlos E Evans director 3100 SMOKETREE COURT, SUITE 600, RALEIGH NC 27616
Richard A Mark director 2052 STONEBRIDGE CT, WHEATON IL 60189
Timothy J Leach director C/O UNITED STATES TRUST COMPANY, 114 WEST 47TH STREET, NEW YORK NY 10036-1532
Jordan Walter officer: Executive Vice President 200 WEST STREET, NEW YORK NY 10282