Kayne Anderson BDCKBDC -0.66%11 Return-on-Tangible-Asset is 3.04% as of Mar. 2026, which is 41% below its 10-year median of 5.14. GuruFocus rates KBDC with a GF Score™ of 11/100. The stock has 6 warning signs investors should review. Among 1,632 Asset Management companies, Kayne Anderson BDC ranks worse than 51.47% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Kayne Anderson BDC's annualizedNet Income for the quarter that ended in Mar. 2026 was $68.96 Mil. Kayne Anderson BDC's average total tangible assets for the quarter that ended in Mar. 2026 was $2,269.53 Mil. Therefore, Kayne Anderson BDC's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 3.04%.
The historical rank and industry rank for Kayne Anderson BDC's Return-on-Tangible-Asset or its related term are showing as below:
KBDC'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.8 Med: 5.14 Max: 7.53
Current: 3.9
During the past 5 years, Kayne Anderson BDC's highest Return-on-Tangible-Asset was 7.53%. The lowest was 3.80%. And the median was 5.14%.
KBDC's Return-on-Tangible-Asset is ranked worse than 51.47% of 1632
companies
in the Asset Management industry
Industry Median: 4.095
vs KBDC: 3.90
Kayne Anderson BDC (NYSE:KBDC) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Kayne Anderson BDC Return-on-Tangible-Asset Related Terms
Kayne Anderson BDC Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Kayne Anderson BDC's Return-on-Tangible-Asset 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.
KBDC vs BUR, TYG, PDX: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Kayne Anderson BDC's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Kayne Anderson BDC's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Kayne Anderson BDC's Return-on-Tangible-Asset 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 3.04% mean?
Kayne Anderson BDC (KBDC) has a Return-on-Tangible-Asset of 3.04% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Kayne Anderson BDC and its competitors. This is 41% below median its historical median of 5.14. Over the past decade, Kayne Anderson BDC's Return-on-Tangible-Asset has ranged from 3.80 to 7.53. According to the industry distribution chart, Kayne Anderson BDC ranks #840 out of 1632 companies in the Asset Management industry, placing it in the top 51.5%.
Is Kayne Anderson BDC's Return-on-Tangible-Asset too high?
Kayne Anderson BDC's current Return-on-Tangible-Asset of 3.04% is 41% below median its 10-year median of 5.14. Over the past 10 years, this metric has ranged from a low of 3.80 to a high of 7.53. The Asset Management industry median Return-on-Tangible-Asset is 4.10. Kayne Anderson BDC's value of 3.04% is 25.8% below this industry median. Based on the distribution chart, Kayne Anderson BDC ranks #840 out of 1632 companies in the Asset Management industry, which is below the industry midpoint. 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 Return-on-Tangible-Asset compare to BUR and TYG?
According to the Asset Management industry distribution chart, Kayne Anderson BDC ranks #840 out of 1632 companies for Return-on-Tangible-Asset. This places Kayne Anderson BDC in the lower half of its industry. The industry median Return-on-Tangible-Asset is 4.10. Kayne Anderson BDC's value of 3.04% is 25.8% below this benchmark. Historically, Kayne Anderson BDC's own Return-on-Tangible-Asset has ranged from 3.80 to 7.53 over the past decade. While the company's 10-year median is 5.14 vs. the industry median of 4.10, Kayne Anderson 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 Return-on-Tangible-Asset for an Asset Management company?
The median Return-on-Tangible-Asset among Asset Management companies is 4.10, based on 1,632 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Kayne Anderson BDC's current Return-on-Tangible-Asset of 3.04% is 25.8% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Kayne Anderson BDC and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kayne Anderson BDC's current Return-on-Tangible-Asset is 3.04%, which is 41% below median its own 10-year median of 5.14. 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 Return-on-Tangible-Asset of 3.04%. The current Return-on-Tangible-Asset is 3.04%, which is 41% below median its 10-year median of 5.14 and 25.8% below the Asset Management industry median of 4.10. 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 Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Kayne Anderson BDC (KBDC), the current Return-on-Tangible-Asset is 3.04% 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.
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.
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