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GuruFocus has detected 10 Warning Signs with Golub Capital BDC Inc $GBDC.
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Golub Capital BDC Inc (NAS:GBDC)
EV-to-EBIT
19.51 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Golub Capital BDC Inc's enterprise value is $2,020.8 Mil. Golub Capital BDC Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was $103.6 Mil. Therefore, Golub Capital BDC Inc's EV/EBIT ratio for today is 19.51.

GBDC' s EV-to-EBIT Range Over the Past 10 Years
Min: 0.1   Max: 21.1
Current: 19.53

0.1
21.1

During the past 8 years, the highest EV/EBIT Ratio of Golub Capital BDC Inc was 21.10. The lowest was 0.10. And the median was 2.75.

GBDC's EV-to-EBIT is ranked lower than
71% of the 1295 Companies
in the Global Asset Management industry.

( Industry Median: 11.90 vs. GBDC: 19.53 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Golub Capital BDC Inc's enterprise value for the quarter that ended in Mar. 2017 was $1,989.7 Mil. Golub Capital BDC Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was $103.6 Mil. Golub Capital BDC Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2017 was 5.20%.


Definition

Golub Capital BDC Inc's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=2020.796/103.552
=19.51

Golub Capital BDC Inc's current Enterprise Value is $2,020.8 Mil.
Golub Capital BDC Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was 25.308 (Jun. 2016 ) + 23.24 (Sep. 2016 ) + 26.59 (Dec. 2016 ) + 28.414 (Mar. 2017 ) = $103.6 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

This is a more accurate valuation of companies' operation because it consider the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt).

Golub Capital BDC Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2017 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Mar. 2017 )=EBIT (TTM)/Enterprise Value (Q: Mar. 2017 )
=103.552/1989.711
=5.20 %

Golub Capital BDC Inc's Enterprise Value for the quarter that ended in Mar. 2017 was $1,989.7 Mil.
Golub Capital BDC Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was 25.308 (Jun. 2016 ) + 23.24 (Sep. 2016 ) + 26.59 (Dec. 2016 ) + 28.414 (Mar. 2017 ) = $103.6 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Enterprise Value, Earnings Yield (Joel Greenblatt), Earnings Before Interest and Taxes (EBIT)


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Golub Capital BDC Inc Annual Data

Sep09Sep10Sep11Sep12Sep13Sep14Sep15Sep16
ev2ebit 0.000.000.001.662.121.742.061.130.952.17

Golub Capital BDC Inc Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
ev2ebit 17.7517.0317.470.9516.2017.3917.892.1719.670.00
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