OWL (Blue Owl Capital) Debt-to-EBITDA : 4.72 (As of Mar. 2026) — 43% Above Median

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OWL Blue Owl Capital Inc OWL
62 GF Score
Price $9.45
GF Value $22.36
Valuation Possible Value Trap
! 8 Warning Signs
View Full Analysis

What is Blue Owl Capital Debt-to-EBITDA?

Blue Owl Capital OWL +2.61% 62 Debt-to-EBITDA is 4.72 as of Mar. 2026, which is 43% above its 10-year median of 3.30. GuruFocus rates OWL with a GF Score™ of 62/100 and a GF Value™ of $22.36 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 384 Asset Management companies, Blue Owl Capital ranks worse than 76.3% on this metric.

Debt-to-EBITDA measures a company's ability to pay off its debt.

Blue Owl Capital's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $0 Mil. Blue Owl Capital's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $4,357 Mil. Blue Owl Capital's annualized EBITDA for the quarter that ended in Mar. 2026 was $923 Mil. Blue Owl Capital's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 4.72.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for Blue Owl Capital's Debt-to-EBITDA or its related term are showing as below:

OWL' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -6.14   Med: 3.3   Max: 6.92
Current: 4.58

During the past 7 years, the highest Debt-to-EBITDA Ratio of Blue Owl Capital was 6.92. The lowest was -6.14. And the median was 3.30.

OWL's Debt-to-EBITDA is ranked worse than
76.3% of 384 companies
in the Asset Management industry
Industry Median: 1.395 vs OWL: 4.58

Blue Owl Capital  (NYSE:OWL) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.


Blue Owl Capital Debt-to-EBITDA Related Terms


Blue Owl Capital Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Blue Owl Capital's Debt-to-EBITDA 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 Debt-to-EBITDA Chart

Blue Owl Capital Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
Get a 7-Day Free Trial -0.73 6.92 3.16 3.44 4.32

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
Debt-to-EBITDA 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 5.18 4.11 4.81 3.20 4.72

OWL vs MAAS, BXSL, OBDC: Debt-to-EBITDA Comparison

For the Asset Management subindustry, Blue Owl Capital's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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 Debt-to-EBITDA vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Blue Owl Capital's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Blue Owl Capital's Debt-to-EBITDA falls into.


OWL
62GF Score
Blue Owl Capital Inc OWL
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Blue Owl Capital Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Blue Owl Capital's Debt-to-EBITDA for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(860 + 3002.573) / 894.064
=4.32

Blue Owl Capital's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(0 + 4356.518) / 922.528
=4.72

* 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.

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Mar. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 4.72 mean?
Blue Owl Capital (OWL) has a Debt-to-EBITDA of 4.72 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Blue Owl Capital. This is 43% above median its historical median of 3.30. According to the industry distribution chart, Blue Owl Capital ranks #293 out of 384 companies in the Asset Management industry, placing it in the top 76.3%.
Is Blue Owl Capital's Debt-to-EBITDA too high?
Blue Owl Capital's current Debt-to-EBITDA of 4.72 is 43% above median its 10-year median of 3.30. The Asset Management industry median Debt-to-EBITDA is 1.40. Blue Owl Capital's value of 4.72 is 238.4% above this industry median. Based on the distribution chart, Blue Owl Capital ranks #293 out of 384 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Blue Owl Capital has a GF Score™ of 62/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Blue Owl Capital's Debt-to-EBITDA compare to MAAS and BXSL?
According to the Asset Management industry distribution chart, Blue Owl Capital ranks #293 out of 384 companies for Debt-to-EBITDA. This places Blue Owl Capital in the lower half of its industry. The industry median Debt-to-EBITDA is 1.40. Blue Owl Capital's value of 4.72 is 238.4% above this benchmark. While the company's 10-year median is 3.30 vs. the industry median of 1.40, Blue Owl Capital has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for an Asset Management company?
The median Debt-to-EBITDA among Asset Management companies is 1.40, based on 384 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Blue Owl Capital's current Debt-to-EBITDA of 4.72 is 238.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Blue Owl Capital. For the Asset Management industry, the median Debt-to-EBITDA is 1.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Blue Owl Capital's current Debt-to-EBITDA is 4.72, which is 43% above median its own 10-year median of 3.30. 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 (OWL) is currently considered Possible Value Trap. The stock's GF Value™ is $22.36, compared to a current price of $9.45 — trading 57.7% below its estimated fair value. The current Debt-to-EBITDA is 4.72, which is 43% above median its 10-year median of 3.30 and 238.4% above the Asset Management industry median of 1.40. Blue Owl Capital's overall GF Score™ is 62/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Blue Owl Capital (OWL), the current Debt-to-EBITDA is 4.72 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 (OWL) Overvalued in 2026?

Based on GuruFocus' analysis, Blue Owl Capital stock appears to be undervalued. The current stock price of $9.45 is trading 57.7% below its estimated GF Value™ of $22.36. GuruFocus considers Blue Owl Capital to be Possible Value Trap.

Key valuation signals for OWL:

  • Debt-to-EBITDA: 4.72 (43% above median its 10-year median of 3.30)
  • GF Value™: $22.36 vs. price of $9.45 (57.7% below fair value)
  • GF Score™: 62/100 with 8 warning signs
  • Industry Position: 238.4% above the Asset Management median (#293 of 384)

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


Blue Owl Capital Business Description

Other Exchanges OWL:Mexico1OWL:Italy
Address 399 Park Avenue, New York, NY, USA, 10022
Blue Owl Capital is one of the world's largest alternative-asset managers, $307.4 billion in total managed assets, including $187.7 billion in fee-earning AUM, at the end of 2025. The company has three core business segments: global private equity, (with $69.1 billion in total AUM and $39.5 billion in fee-earning AUM), private credit ($157.7 billion/$99.5 billion), and real estate/real assets ($80.6 billion/$48.7 billion). The firm primarily serves institutional investors (68% of AUM) and high-net-worth individuals (32%). Blue Owl operates through more than 20 offices in the Americas, and the EMEA and Asia-Pacific regions.
62GF Score

Get the complete analysis for OWL

Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$9.45
Price
$22.36
GF Value