Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Golub Capital BDC (FRA:OGL) Forward PE Ratio Explanation
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
Golub Capital BDC Forward PE Ratio Related Terms
Golub Capital BDC Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for Golub Capital BDC's Forward PE 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.
Golub Capital BDC Forward PE Ratio Chart
Golub Capital BDC Annual Data
Trend
2016-09
2019-09
2020-09
2021-09
2022-09
2023-09
2024-09
2025-09
Forward PE Ratio
12.59
14.68
11.26
12.82
9.75
8.06
8.37
9.25
Golub Capital BDC Quarterly Data
2015-12
2016-03
2016-06
2016-09
2019-06
2019-09
2019-12
2020-03
2020-06
2020-09
2020-12
2021-03
2021-06
2021-09
2021-12
2022-03
2022-06
2022-09
2022-12
2023-03
2023-06
2023-09
2023-12
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
12.25
11.64
11.82
12.59
13.61
14.68
13.66
8.95
10.11
11.26
12.25
10.55
13.59
12.82
12.27
11.52
10.52
9.75
8.37
9.64
8.17
8.06
8.24
8.36
8.84
8.37
9.26
9.13
9.44
9.25
9.08
9.78
FRA:OGL vs STEP, CSQ, AB: Forward PE Ratio Comparison
For the Asset Management subindustry, Golub Capital BDC's Forward PE Ratio, along with its competitors' market caps and Forward PE 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.
Golub Capital BDC Forward PE Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Golub Capital BDC's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Golub Capital BDC's Forward PE Ratio falls into.
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
Golub Capital BDC (FRA:OGL) has a Forward PE Ratio of 10.14 as of Jul. 16, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Golub Capital BDC and its competitors. According to the industry distribution chart, Golub Capital BDC ranks #154 out of 325 companies in the Asset Management industry, placing it in the top 47.4%.
Is Golub Capital BDC's Forward PE Ratio too high?
Golub Capital BDC's current Forward PE Ratio is 10.14. The Asset Management industry median Forward PE Ratio is 10.97. Golub Capital BDC's value of 10.14 is 7.6% below this industry median. Based on the distribution chart, Golub Capital BDC ranks #154 out of 325 companies in the Asset Management industry, which is above the industry midpoint. Overall, Golub Capital BDC has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Golub Capital BDC's Forward PE Ratio compare to STEP and CSQ?
According to the Asset Management industry distribution chart, Golub Capital BDC ranks #154 out of 325 companies for Forward PE Ratio. This puts Golub Capital BDC in the upper half of its industry. The industry median Forward PE Ratio is 10.97. Golub Capital BDC's value of 10.14 is 7.6% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for an Asset Management company?
The median Forward PE Ratio among Asset Management companies is 10.97, based on 325 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Golub Capital BDC's current Forward PE Ratio of 10.14 is 7.6% 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 Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Golub Capital BDC and its competitors. For the Asset Management industry, the median Forward PE Ratio is 10.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Golub Capital BDC's current Forward PE Ratio is 10.14. 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 €7.51, compared to a current price of €11.26 — trading 49.9% above its estimated fair value. The current Forward PE Ratio is 10.14 and 7.6% below the Asset Management industry median of 10.97. Golub Capital BDC's overall GF Score™ is 61/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For Golub Capital BDC (FRA:OGL), the current Forward PE Ratio is 10.14 as of Jul. 16, 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 €11.26 is trading 49.9% above its estimated GF Value™ of €7.51.
GuruFocus considers Golub Capital BDC to be Significantly Overvalued.
Key valuation signals for FRA:OGL:
Forward PE Ratio: 10.14
GF Value™: €7.51 vs. price of €11.26 (49.9% above fair value)
Industry Position: 7.6% below the Asset Management median (#154 of 325)
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.
61GF Score
Get the complete analysis for FRA:OGL
Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:OGL has been successfully added to your 
