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Golub Capital BDCLTS:0IZ6 -0.60%53 Return-on-Tangible-Asset is 2.70% as of Jun. 2026, which is 35% below its 10-year median of 4.17. GuruFocus rates LTS:0IZ6 with a GF Score™ of 53/100 and a GF Value™ of $7.54 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,635 Asset Management companies, Golub Capital BDC ranks worse than 62.81% 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. Golub Capital BDC's annualizedNet Income for the quarter that ended in Jun. 2026 was $228.0 Mil. Golub Capital BDC's average total tangible assets for the quarter that ended in Jun. 2026 was $8,434.6 Mil. Therefore, Golub Capital BDC's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 2.70%.
The historical rank and industry rank for Golub Capital BDC's Return-on-Tangible-Asset or its related term are showing as below:
LTS:0IZ6'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -0.6 Med: 4.17 Max: 7.08
Current: 1.95
During the past 13 years, Golub Capital BDC's highest Return-on-Tangible-Asset was 7.08%. The lowest was -0.60%. And the median was 4.17%.
LTS:0IZ6's Return-on-Tangible-Asset is ranked worse than 62.81% of 1635
companies
in the Asset Management industry
Industry Median: 4.52
vs LTS:0IZ6: 1.95
Golub Capital BDC (LTS:0IZ6) 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.
Golub Capital BDC Return-on-Tangible-Asset Related Terms
Golub Capital BDC Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Golub Capital 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.
LTS:0IZ6 vs NEA, CSQ, AB: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Golub Capital 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.
Golub Capital BDC Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Golub Capital BDC's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Golub Capital 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 (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 2.70% mean?
Golub Capital BDC (LTS:0IZ6) has a Return-on-Tangible-Asset of 2.70% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Golub Capital BDC and its competitors. This is 35% below median its historical median of 4.17. According to the industry distribution chart, Golub Capital BDC ranks #1027 out of 1635 companies in the Asset Management industry, placing it in the top 62.8%.
Is Golub Capital BDC's Return-on-Tangible-Asset too high?
Golub Capital BDC's current Return-on-Tangible-Asset of 2.70% is 35% below median its 10-year median of 4.17. The Asset Management industry median Return-on-Tangible-Asset is 4.52. Golub Capital BDC's value of 2.70% is 40.3% below this industry median. Based on the distribution chart, Golub Capital BDC ranks #1027 out of 1635 companies in the Asset Management industry, which is below the industry midpoint. Overall, Golub Capital BDC has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Golub Capital BDC's Return-on-Tangible-Asset compare to NEA and CSQ?
According to the Asset Management industry distribution chart, Golub Capital BDC ranks #1027 out of 1635 companies for Return-on-Tangible-Asset. This places Golub Capital BDC in the lower half of its industry. The industry median Return-on-Tangible-Asset is 4.52. Golub Capital BDC's value of 2.70% is 40.3% below this benchmark. While the company's 10-year median is 4.17 vs. the industry median of 4.52, Golub Capital 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 4.52, based on 1,635 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. Golub Capital BDC's current Return-on-Tangible-Asset of 2.70% is 40.3% 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 Golub Capital BDC and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Golub Capital BDC's current Return-on-Tangible-Asset is 2.70%, which is 35% below median its own 10-year median of 4.17. 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 (LTS:0IZ6) is currently considered Significantly Overvalued. The stock's GF Value™ is $7.54, compared to a current price of $13.31 — trading 76.5% above its estimated fair value. The current Return-on-Tangible-Asset is 2.70%, which is 35% below median its 10-year median of 4.17 and 40.3% below the Asset Management industry median of 4.52. Golub Capital BDC's overall GF Score™ is 53/100 with 7 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 Golub Capital BDC (LTS:0IZ6), the current Return-on-Tangible-Asset is 2.70% as of Jun. 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 (LTS:0IZ6) Overvalued in 2026?
Based on GuruFocus' analysis, Golub Capital BDC stock appears to be overvalued.
The current stock price of $13.31 is trading 76.5% above its estimated GF Value™ of $7.54.
GuruFocus considers Golub Capital BDC to be Significantly Overvalued.
Key valuation signals for LTS:0IZ6:
Return-on-Tangible-Asset: 2.70% (35% below median its 10-year median of 4.17)
GF Value™: $7.54 vs. price of $13.31 (76.5% above fair value)
Industry Position: 40.3% below the Asset Management median (#1027 of 1635)
No single metric tells the full story. See the LTS:0IZ6 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.
53GF Score
Get the complete analysis for LTS:0IZ6
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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