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Golub Capital BDCFRA:OGL -1.12%45 Equity-to-Asset is 0.44 as of Jun. 2026, which is 8% below its 10-year median of 0.48. GuruFocus rates FRA:OGL with a GF Score™ of 45/100 and a GF Value™ of €6.47 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,633 Asset Management companies, Golub Capital BDC ranks worse than 85% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Golub Capital BDC's Total Stockholders Equity for the quarter that ended in Jun. 2026 was €3,215.8 Mil. Golub Capital BDC's Total Assets for the quarter that ended in Jun. 2026 was €7,238.7 Mil.
Therefore, Golub Capital BDC's Equity to Asset Ratio for the quarter that ended in Jun. 2026 was 0.44.
The historical rank and industry rank for Golub Capital BDC's Equity-to-Asset or its related term are showing as below:
FRA:OGL'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.43 Med: 0.48 Max: 0.55
Current: 0.44
During the past 13 years, the highest Equity to Asset Ratio of Golub Capital BDC was 0.55. The lowest was 0.43. And the median was 0.48.
FRA:OGL's Equity-to-Asset is ranked worse than 85% of 1633
companies
in the Asset Management industry
Industry Median: 0.83
vs FRA:OGL: 0.44
Golub Capital BDC (FRA:OGL) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Golub Capital BDC Equity-to-Asset Related Terms
Golub Capital BDC Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Golub Capital BDC's Equity-to-Asset 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: Equity-to-Asset Comparison
For the Asset Management subindustry, Golub Capital BDC's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Golub Capital BDC's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Golub Capital BDC's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Golub Capital BDC's Equity to Asset Ratio for the fiscal year that ended in Sep. 2025 is calculated as
* 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 Equity-to-Asset of 0.44 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Golub Capital BDC and its competitors. This is near median its historical median of 0.48. Over the past decade, Golub Capital BDC's Equity-to-Asset has ranged from 0.43 to 0.55. According to the industry distribution chart, Golub Capital BDC ranks #1388 out of 1633 companies in the Asset Management industry, placing it in the top 85%.
Is Golub Capital BDC's Equity-to-Asset too high?
Golub Capital BDC's current Equity-to-Asset of 0.44 is near median its 10-year median of 0.48. Over the past 10 years, this metric has ranged from a low of 0.43 to a high of 0.55. The Asset Management industry median Equity-to-Asset is 0.83. Golub Capital BDC's value of 0.44 is 47% below this industry median. Based on the distribution chart, Golub Capital BDC ranks #1388 out of 1633 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Golub Capital BDC has a GF Score™ of 45/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Golub Capital BDC's Equity-to-Asset compare to NEA and CSQ?
According to the Asset Management industry distribution chart, Golub Capital BDC ranks #1388 out of 1633 companies for Equity-to-Asset. This places Golub Capital BDC in the lower half of its industry. The industry median Equity-to-Asset is 0.83. Golub Capital BDC's value of 0.44 is 47% below this benchmark. Historically, Golub Capital BDC's own Equity-to-Asset has ranged from 0.43 to 0.55 over the past decade. While the company's 10-year median is 0.48 vs. the industry median of 0.83, Golub Capital BDC has consistently been below 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 Equity-to-Asset for an Asset Management company?
The median Equity-to-Asset among Asset Management companies is 0.83, based on 1,633 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Golub Capital BDC's current Equity-to-Asset of 0.44 is 47% below 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Golub Capital BDC and its competitors. For the Asset Management industry, the median Equity-to-Asset is 0.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Golub Capital BDC's current Equity-to-Asset is 0.44, which is near median its own 10-year median of 0.48. 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 €6.47, compared to a current price of €11.48 — trading 77.4% above its estimated fair value. The current Equity-to-Asset is 0.44, which is near median its 10-year median of 0.48 and 47% below the Asset Management industry median of 0.83. Golub Capital BDC's overall GF Score™ is 45/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Golub Capital BDC (FRA:OGL), the current Equity-to-Asset is 0.44 as of Jun. 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 €11.48 is trading 77.4% above its estimated GF Value™ of €6.47.
GuruFocus considers Golub Capital BDC to be Significantly Overvalued.
Key valuation signals for FRA:OGL:
Equity-to-Asset: 0.44 (near median its 10-year median of 0.48)
GF Value™: €6.47 vs. price of €11.48 (77.4% above fair value)
Industry Position: 47% below the Asset Management median (#1388 of 1633)
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.
45GF Score
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Equity-to-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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