Golub Capital BDCFRA:OGL -0.42%62 Net Margin % is 119.13% as of Mar. 2026, which is 27% above its 10-year median of 93.45. GuruFocus rates FRA:OGL with a GF Score™ of 62/100 and a GF Value™ of €7.53 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,579 Asset Management companies, Golub Capital BDC ranks better than 51.11% on this metric.
The historical rank and industry rank for Golub Capital BDC's Net Margin % or its related term are showing as below:
FRA:OGL'
s Net Margin % Range Over the Past 10 Years
Min: 82.1 Med: 93.45 Max: 146.78
Current: 86.67
FRA:OGL's Net Margin % is ranked better than 51.11% of 1579
companies
in the Asset Management industry
Industry Median: 84.88
vs FRA:OGL: 86.67
Golub Capital BDC (FRA:OGL) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Golub Capital BDC Net Margin % Related Terms
Golub Capital BDC Net Margin % Historical Data
* Premium members only.
The historical data trend for Golub Capital BDC's Net Margin % 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.
For the Asset Management subindustry, Golub Capital BDC's Net Margin %, along with its competitors' market caps and Net Margin % 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 Net Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Golub Capital BDC's Net Margin % distribution charts can be found below:
* The bar in red indicates where Golub Capital BDC's Net Margin % 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 Net Margin % of 119.13% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Golub Capital BDC and its competitors. This is 27% above median its historical median of 93.45. Over the past decade, Golub Capital BDC's Net Margin % has ranged from 82.10 to 146.78. According to the industry distribution chart, Golub Capital BDC ranks #772 out of 1579 companies in the Asset Management industry, placing it in the top 48.9%.
Is Golub Capital BDC's Net Margin % too high?
Golub Capital BDC's current Net Margin % of 119.13% is 27% above median its 10-year median of 93.45. Over the past 10 years, this metric has ranged from a low of 82.10 to a high of 146.78. The Asset Management industry median Net Margin % is 84.88. Golub Capital BDC's value of 119.13% is 40.4% above this industry median. Based on the distribution chart, Golub Capital BDC ranks #772 out of 1579 companies in the Asset Management industry, which is above the industry midpoint. Overall, Golub Capital BDC has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Golub Capital BDC's Net Margin % compare to NEA and AB?
According to the Asset Management industry distribution chart, Golub Capital BDC ranks #772 out of 1579 companies for Net Margin %. This puts Golub Capital BDC in the upper half of its industry. The industry median Net Margin % is 84.88. Golub Capital BDC's value of 119.13% is 40.4% above this benchmark. Historically, Golub Capital BDC's own Net Margin % has ranged from 82.10 to 146.78 over the past decade. While the company's 10-year median is 93.45 vs. the industry median of 84.88, 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 Net Margin % for an Asset Management company?
The median Net Margin % among Asset Management companies is 84.88, based on 1,579 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Golub Capital BDC's current Net Margin % of 119.13% is 40.4% 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Golub Capital BDC and its competitors. For the Asset Management industry, the median Net Margin % is 84.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Golub Capital BDC's current Net Margin % is 119.13%, which is 27% above median its own 10-year median of 93.45. 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 €7.53, compared to a current price of €10.59 — trading 40.6% above its estimated fair value. The current Net Margin % is 119.13%, which is 27% above median its 10-year median of 93.45 and 40.4% above the Asset Management industry median of 84.88. Golub Capital BDC's overall GF Score™ is 62/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Golub Capital BDC (FRA:OGL), the current Net Margin % is 119.13% 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 €10.59 is trading 40.6% above its estimated GF Value™ of €7.53.
GuruFocus considers Golub Capital BDC to be Significantly Overvalued.
Key valuation signals for FRA:OGL:
Net Margin %: 119.13% (27% above median its 10-year median of 93.45)
GF Value™: €7.53 vs. price of €10.59 (40.6% above fair value)
Industry Position: 40.4% above the Asset Management median (#772 of 1579)
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.
62GF Score
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