Barings BDCBBDC -0.61%68 PB Ratio is 0.73 as of Jun. 25, 2026, which is 14% below its 10-year median of 0.85. GuruFocus rates BBDC with a GF Score™ of 68/100 and a GF Value™ of $8.53 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,606 Asset Management companies, Barings BDC ranks better than 77.02% on this metric.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-06-25), Barings BDC's share price is $8.09. Barings BDC's Book Value per Share for the quarter that ended in Mar. 2026 was $11.02. Hence, Barings BDC's PB Ratio of today is 0.73.
Good Sign:
Barings BDC Inc stock PB Ratio (=0.74) is close to 3-year low of 0.68.
The historical rank and industry rank for Barings BDC's PB Ratio or its related term are showing as below:
BBDC'
s PB Ratio Range Over the Past 10 Years
Min: 0.54 Med: 0.85 Max: 1.39
Current: 0.73
During the past 13 years, Barings BDC's highest PB Ratio was 1.39. The lowest was 0.54. And the median was 0.85.
BBDC's PB Ratio is ranked better than 77.02% of 1606
companies
in the Asset Management industry
Industry Median: 0.95
vs BBDC: 0.73
During the past 12 months, Barings BDC's average Book Value Per Share Growth Rate was -2.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 0.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 0.10% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -3.00% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Barings BDC was 43.10% per year. The lowest was -10.30% per year. And the median was -0.10% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Barings BDC PB Ratio Related Terms
Barings BDC PB Ratio Historical Data
* Premium members only.
The historical data trend for Barings BDC's PB 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.
For the Asset Management subindustry, Barings BDC's PB Ratio, along with its competitors' market caps and PB 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.
Barings BDC PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Barings BDC's PB Ratio distribution charts can be found below:
* The bar in red indicates where Barings BDC's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
Barings BDC's PB Ratio for today is calculated as follows:
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Barings BDC (BBDC) has a PB Ratio of 0.73 as of Jun. 25, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Barings BDC and its competitors. This is 14% below median its historical median of 0.85. Over the past decade, Barings BDC's PB Ratio has ranged from 0.54 to 1.39. According to the industry distribution chart, Barings BDC ranks #369 out of 1606 companies in the Asset Management industry, placing it in the top 23%.
Is Barings BDC's PB Ratio too high?
Barings BDC's current PB Ratio of 0.73 is 14% below median its 10-year median of 0.85. Over the past 10 years, this metric has ranged from a low of 0.54 to a high of 1.39. The Asset Management industry median PB Ratio is 0.95. Barings BDC's value of 0.73 is 23.2% below this industry median. Based on the distribution chart, Barings BDC ranks #369 out of 1606 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Barings BDC has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Barings BDC's PB Ratio compare to RPC and HTD?
According to the Asset Management industry distribution chart, Barings BDC ranks #369 out of 1606 companies for PB Ratio. This places Barings BDC in the top 23% of its industry — outperforming the majority of peers. The industry median PB Ratio is 0.95. Barings BDC's value of 0.73 is 23.2% below this benchmark. Historically, Barings BDC's own PB Ratio has ranged from 0.54 to 1.39 over the past decade. While the company's 10-year median is 0.85 vs. the industry median of 0.95, Barings 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 PB Ratio for an Asset Management company?
The median PB Ratio among Asset Management companies is 0.95, based on 1,606 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Barings BDC's current PB Ratio of 0.73 is 23.2% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Barings BDC and its competitors. For the Asset Management industry, the median PB Ratio is 0.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Barings BDC's current PB Ratio is 0.73, which is 14% below median its own 10-year median of 0.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Barings BDC stock overvalued right now?
Based on GuruFocus' analysis, Barings BDC (BBDC) is currently considered Fairly Valued. The stock's GF Value™ is $8.53, compared to a current price of $8.09 — trading 5.2% below its estimated fair value. The current PB Ratio is 0.73, which is 14% below median its 10-year median of 0.85 and 23.2% below the Asset Management industry median of 0.95. Barings BDC's overall GF Score™ is 68/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Barings BDC (BBDC), the current PB Ratio is 0.73 as of Jun. 25, 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 Barings BDC (BBDC) Overvalued in 2026?
Based on GuruFocus' analysis, Barings BDC stock appears to be undervalued.
The current stock price of $8.09 is trading 5.2% below its estimated GF Value™ of $8.53.
GuruFocus considers Barings BDC to be Fairly Valued.
Key valuation signals for BBDC:
PB Ratio: 0.73 (14% below median its 10-year median of 0.85)
GF Value™: $8.53 vs. price of $8.09 (5.2% below fair value)
Industry Position: 23.2% below the Asset Management median (#369 of 1606)
No single metric tells the full story. See the BBDC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Barings BDC Inc operates as a closed-end, non-diversified investment company and has elected to be treated as a business development company. The company's investment objective is to generate current income by investing directly in privately held middle-market companies to help these companies fund acquisitions, growth, or refinancing. It employs fundamental credit analysis and targets investments in businesses with low levels of cyclicality and operating risk relative to other businesses in this market segment. The holding size of each position will generally be dependent upon a number of factors including total facility size, pricing and structure, and the number of other lenders in the facility.
68GF Score
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