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Golub Capital BDCFRA:OGL -1.52%51 Debt-to-Equity is 1.26 as of Mar. 2026, which is 18% above its 10-year median of 1.07. GuruFocus rates FRA:OGL with a GF Score™ of 51/100 and a GF Value™ of €7.80 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 961 Asset Management companies, Golub Capital BDC ranks worse than 87.83% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Golub Capital BDC's Debt-to-Equity or its related term are showing as below:
FRA:OGL'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.81 Med: 1.07 Max: 1.28
Current: 1.26
During the past 13 years, the highest Debt-to-Equity Ratio of Golub Capital BDC was 1.28. The lowest was 0.81. And the median was 1.07.
FRA:OGL's Debt-to-Equity is ranked worse than 87.83% of 961
companies
in the Asset Management industry
Industry Median: 0.21
vs FRA:OGL: 1.26
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Golub Capital BDC Debt-to-Equity Related Terms
Golub Capital BDC Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Golub Capital BDC's Debt-to-Equity 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.
FRA:OGL vs NEA, CSQ, AB: Debt-to-Equity Comparison
For the Asset Management subindustry, Golub Capital BDC's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Golub Capital BDC's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Golub Capital BDC's Debt-to-Equity falls into.
* 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 (FRA:OGL) has a Debt-to-Equity of 1.26 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Golub Capital BDC and its competitors. This is 18% above median its historical median of 1.07. Over the past decade, Golub Capital BDC's Debt-to-Equity has ranged from 0.81 to 1.28. According to the industry distribution chart, Golub Capital BDC ranks #844 out of 961 companies in the Asset Management industry, placing it in the top 87.8%.
Is Golub Capital BDC's Debt-to-Equity too high?
Golub Capital BDC's current Debt-to-Equity of 1.26 is 18% above median its 10-year median of 1.07. Over the past 10 years, this metric has ranged from a low of 0.81 to a high of 1.28. The Asset Management industry median Debt-to-Equity is 0.21. Golub Capital BDC's value of 1.26 is 500% above this industry median. Based on the distribution chart, Golub Capital BDC ranks #844 out of 961 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Golub Capital BDC has a GF Score™ of 51/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Golub Capital BDC's Debt-to-Equity compare to NEA and CSQ?
According to the Asset Management industry distribution chart, Golub Capital BDC ranks #844 out of 961 companies for Debt-to-Equity. This places Golub Capital BDC in the lower half of its industry. The industry median Debt-to-Equity is 0.21. Golub Capital BDC's value of 1.26 is 500% above this benchmark. Historically, Golub Capital BDC's own Debt-to-Equity has ranged from 0.81 to 1.28 over the past decade. While the company's 10-year median is 1.07 vs. the industry median of 0.21, Golub Capital BDC 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-Equity for an Asset Management company?
The median Debt-to-Equity among Asset Management companies is 0.21, based on 961 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Golub Capital BDC's current Debt-to-Equity of 1.26 is 500% 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-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Golub Capital BDC and its competitors. For the Asset Management industry, the median Debt-to-Equity is 0.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Golub Capital BDC's current Debt-to-Equity is 1.26, which is 18% above median its own 10-year median of 1.07. 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 €7.80, compared to a current price of €11.05 — trading 41.6% above its estimated fair value. The current Debt-to-Equity is 1.26, which is 18% above median its 10-year median of 1.07 and 500% above the Asset Management industry median of 0.21. Golub Capital BDC's overall GF Score™ is 51/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Golub Capital BDC (FRA:OGL), the current Debt-to-Equity is 1.26 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 €11.05 is trading 41.6% above its estimated GF Value™ of €7.80.
GuruFocus considers Golub Capital BDC to be Significantly Overvalued.
Key valuation signals for FRA:OGL:
Debt-to-Equity: 1.26 (18% above median its 10-year median of 1.07)
GF Value™: €7.80 vs. price of €11.05 (41.6% above fair value)
Industry Position: 500% above the Asset Management median (#844 of 961)
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 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.
51GF Score
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