Barings BDCBBDC -1.81%67 Return-on-Tangible-Equity is 6.91% as of Mar. 2026, which is 7% below its 10-year median of 7.40. GuruFocus rates BBDC with a GF Score™ of 67/100 and a GF Value™ of $8.58 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,588 Asset Management companies, Barings BDC ranks better than 52.02% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Barings BDC's annualized net income for the quarter that ended in Mar. 2026 was $80.0 Mil. Barings BDC's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $1,157.1 Mil. Therefore, Barings BDC's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 6.91%.
The historical rank and industry rank for Barings BDC's Return-on-Tangible-Equity or its related term are showing as below:
BBDC'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -18.98 Med: 7.4 Max: 10.72
Current: 7.64
During the past 13 years, Barings BDC's highest Return-on-Tangible-Equity was 10.72%. The lowest was -18.98%. And the median was 7.40%.
BBDC's Return-on-Tangible-Equity is ranked better than 52.02% of 1588
companies
in the Asset Management industry
Industry Median: 7.205
vs BBDC: 7.64
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Barings BDC Return-on-Tangible-Equity Related Terms
Barings BDC Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Barings BDC's Return-on-Tangible-Equity 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.
BBDC vs PHK, OXLC, RPC: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Barings BDC's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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 Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Barings BDC's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Barings BDC's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity 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.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 6.91% mean?
Barings BDC (BBDC) has a Return-on-Tangible-Equity of 6.91% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Barings BDC and its competitors. This is near median its historical median of 7.40. According to the industry distribution chart, Barings BDC ranks #762 out of 1588 companies in the Asset Management industry, placing it in the top 48%.
Is Barings BDC's Return-on-Tangible-Equity too high?
Barings BDC's current Return-on-Tangible-Equity of 6.91% is near median its 10-year median of 7.40. The Asset Management industry median Return-on-Tangible-Equity is 7.21. Barings BDC's value of 6.91% is 4.1% below this industry median. Based on the distribution chart, Barings BDC ranks #762 out of 1588 companies in the Asset Management industry, which is above the industry midpoint. Overall, Barings BDC has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Barings BDC's Return-on-Tangible-Equity compare to PHK and OXLC?
According to the Asset Management industry distribution chart, Barings BDC ranks #762 out of 1588 companies for Return-on-Tangible-Equity. This puts Barings BDC in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.21. Barings BDC's value of 6.91% is 4.1% below this benchmark. While the company's 10-year median is 7.40 vs. the industry median of 7.21, 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 Return-on-Tangible-Equity for an Asset Management company?
The median Return-on-Tangible-Equity among Asset Management companies is 7.21, based on 1,588 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Barings BDC's current Return-on-Tangible-Equity of 6.91% is 4.1% 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Barings BDC and its competitors. For the Asset Management industry, the median Return-on-Tangible-Equity is 7.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Barings BDC's current Return-on-Tangible-Equity is 6.91%, which is near median its own 10-year median of 7.40. 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 $8.58, compared to a current price of $8.39 — trading 2.3% below its estimated fair value. The current Return-on-Tangible-Equity is 6.91%, which is near median its 10-year median of 7.40 and 4.1% below the Asset Management industry median of 7.21. Barings BDC's overall GF Score™ is 67/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Barings BDC (BBDC), the current Return-on-Tangible-Equity is 6.91% 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 Barings BDC (BBDC) Overvalued in 2026?
Based on GuruFocus' analysis, Barings BDC stock appears to be undervalued.
The current stock price of $8.39 is trading 2.3% below its estimated GF Value™ of $8.58.
GuruFocus considers Barings BDC to be Fairly Valued.
Key valuation signals for BBDC:
Return-on-Tangible-Equity: 6.91% (near median its 10-year median of 7.40)
GF Value™: $8.58 vs. price of $8.39 (2.3% below fair value)
Industry Position: 4.1% below the Asset Management median (#762 of 1588)
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.
67GF Score
Get the complete analysis for BBDC
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BBDC has been successfully added to your 
