KBDC (Kayne Anderson BDC) Moat Score: 4/10 (As of Jun. 26, 2026)


KBDC Kayne Anderson BDC Inc KBDC
11 GF Score
Price $13.77
! 6 Warning Signs
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What is Kayne Anderson BDC Moat Score?

Kayne Anderson BDC KBDC +0.84% 11 Moat Score is 4 as of Jun. 26, 2026. GuruFocus rates KBDC with a GF Score™ of 11/100. The stock has 6 warning signs investors should review. Among 1,698 Asset Management companies, Kayne Anderson BDC ranks better than 95.52% on this metric.

Kayne Anderson BDC has the Moat Score of 4, which implies that the company might have Narrow Moat - Discernible but modest moat.

Kayne Anderson BDC has Narrow Moat: Kayne Anderson BDC Inc has a discernible but modest moat due to its niche focus in the business development sector. It benefits from some economies of scale and a specialized distribution network. However, it lacks strong brand strength, significant customer switching costs, and impactful innovation capabilities.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes Kayne Anderson BDC might have Narrow Moat - Discernible but modest moat.

Kayne Anderson BDC  (NYSE:KBDC) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

Kayne Anderson BDC Moat Score Related Terms

KBDC vs STK, OXLC, BBN: Moat Score Comparison

For the Asset Management subindustry, Kayne Anderson BDC's Moat Score, along with its competitors' market caps and Moat Score 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.

Kayne Anderson BDC Moat Score vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Kayne Anderson BDC's Moat Score distribution charts can be found below:

* The bar in red indicates where Kayne Anderson BDC's Moat Score falls into.


KBDC
11GF Score
Kayne Anderson BDC Inc KBDC
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 4 mean?
Kayne Anderson BDC (KBDC) has a Moat Score of 4 as of Jun. 26, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, Kayne Anderson BDC ranks #76 out of 1698 companies in the Asset Management industry, placing it in the top 4.5%.
Is Kayne Anderson BDC's Moat Score too high?
Kayne Anderson BDC's current Moat Score is 4. Based on the distribution chart, Kayne Anderson BDC ranks #76 out of 1698 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Kayne Anderson BDC has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does Kayne Anderson BDC's Moat Score compare to STK and OXLC?
According to the Asset Management industry distribution chart, Kayne Anderson BDC ranks #76 out of 1698 companies for Moat Score. This places Kayne Anderson BDC in the top 5% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for an Asset Management company?
A good Moat Score depends on the Asset Management industry context. However, Moat Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. Kayne Anderson BDC's current Moat Score is 4. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kayne Anderson BDC stock overvalued right now?
Kayne Anderson BDC (KBDC) has a current Moat Score of 4. The current Moat Score is 4. Kayne Anderson BDC's overall GF Score™ is 11/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Moat Score calculated?
Moat Score is calculated from a company's financial statements. For Kayne Anderson BDC (KBDC), the current Moat Score is 4 as of Jun. 26, 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.

Kayne Anderson BDC Business Description

Address 717 Texas Avenue, Suite 2200, Houston, TX, USA, 77002
Kayne Anderson BDC Inc is an externally managed, closed-end, non-diversified management investment company that has elected to be regulated as a business development company, investing mainly in first-lien senior secured loans, with a secondary focus on unitranche and split-lien loans to middle-market companies. Its investment objective is to generate current income and, to a lesser extent, capital appreciation mainly through debt investments in middle-market companies.
11GF Score

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