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Goldmanchs BDCGSBD +0.42%51 Return-on-Tangible-Equity is 6.95% as of Jun. 2026, which is 5% below its 10-year median of 7.30. GuruFocus rates GSBD with a GF Score™ of 51/100 and a GF Value™ of $7.47 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 1,576 Asset Management companies, Goldmanchs BDC ranks worse than 62.5% 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. Goldmanchs BDC's annualized net income for the quarter that ended in Jun. 2026 was $94.73 Mil. Goldmanchs BDC's average shareholder tangible equity for the quarter that ended in Jun. 2026 was $1,363.82 Mil. Therefore, Goldmanchs BDC's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2026 was 6.95%.
The historical rank and industry rank for Goldmanchs BDC's Return-on-Tangible-Equity or its related term are showing as below:
GSBD'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 3.53 Med: 7.3 Max: 15.37
Current: 4.11
During the past 13 years, Goldmanchs BDC's highest Return-on-Tangible-Equity was 15.37%. The lowest was 3.53%. And the median was 7.30%.
GSBD's Return-on-Tangible-Equity is ranked worse than 62.5% of 1576
companies
in the Asset Management industry
Industry Median: 7.445
vs GSBD: 4.11
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.
Goldmanchs BDC Return-on-Tangible-Equity Related Terms
Goldmanchs BDC Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Goldmanchs 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.
GSBD vs FRBP, AOD, OCSL: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Goldmanchs 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.
Goldmanchs BDC Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Goldmanchs BDC's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Goldmanchs 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 (Jun. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 6.95% mean?
Goldmanchs BDC (GSBD) has a Return-on-Tangible-Equity of 6.95% as of Jun. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Goldmanchs BDC and its competitors. This is near median its historical median of 7.30. Over the past decade, Goldmanchs BDC's Return-on-Tangible-Equity has ranged from 3.53 to 15.37. According to the industry distribution chart, Goldmanchs BDC ranks #985 out of 1576 companies in the Asset Management industry, placing it in the top 62.5%.
Is Goldmanchs BDC's Return-on-Tangible-Equity too high?
Goldmanchs BDC's current Return-on-Tangible-Equity of 6.95% is near median its 10-year median of 7.30. Over the past 10 years, this metric has ranged from a low of 3.53 to a high of 15.37. The Asset Management industry median Return-on-Tangible-Equity is 7.45. Goldmanchs BDC's value of 6.95% is 6.6% below this industry median. Based on the distribution chart, Goldmanchs BDC ranks #985 out of 1576 companies in the Asset Management industry, which is below the industry midpoint. Overall, Goldmanchs BDC has a GF Score™ of 51/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Goldmanchs BDC's Return-on-Tangible-Equity compare to FRBP and AOD?
According to the Asset Management industry distribution chart, Goldmanchs BDC ranks #985 out of 1576 companies for Return-on-Tangible-Equity. This places Goldmanchs BDC in the lower half of its industry. The industry median Return-on-Tangible-Equity is 7.45. Goldmanchs BDC's value of 6.95% is 6.6% below this benchmark. Historically, Goldmanchs BDC's own Return-on-Tangible-Equity has ranged from 3.53 to 15.37 over the past decade. While the company's 10-year median is 7.30 vs. the industry median of 7.45, Goldmanchs 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 7.45, based on 1,576 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. Goldmanchs BDC's current Return-on-Tangible-Equity of 6.95% is 6.6% 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 Goldmanchs BDC and its competitors. For the Asset Management industry, the median Return-on-Tangible-Equity is 7.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Goldmanchs BDC's current Return-on-Tangible-Equity is 6.95%, which is near median its own 10-year median of 7.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Goldmanchs BDC stock overvalued right now?
Based on GuruFocus' analysis, Goldmanchs BDC (GSBD) is currently considered Modestly Overvalued. The stock's GF Value™ is $7.47, compared to a current price of $9.62 — trading 28.8% above its estimated fair value. The current Return-on-Tangible-Equity is 6.95%, which is near median its 10-year median of 7.30 and 6.6% below the Asset Management industry median of 7.45. Goldmanchs BDC's overall GF Score™ is 51/100 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Goldmanchs BDC (GSBD), the current Return-on-Tangible-Equity is 6.95% 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 Goldmanchs BDC (GSBD) Overvalued in 2026?
Based on GuruFocus' analysis, Goldmanchs BDC stock appears to be overvalued.
The current stock price of $9.62 is trading 28.8% above its estimated GF Value™ of $7.47.
GuruFocus considers Goldmanchs BDC to be Modestly Overvalued.
Key valuation signals for GSBD:
Return-on-Tangible-Equity: 6.95% (near median its 10-year median of 7.30)
GF Value™: $7.47 vs. price of $9.62 (28.8% above fair value)
Industry Position: 6.6% below the Asset Management median (#985 of 1576)
No single metric tells the full story. See the GSBD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Goldman Sachs BDC Inc is a non-diversified, closed-end management investment company that elected to be regulated as a business development company focused on lending to middle-market companies. The investment objective is to generate current income and, to a lesser extent, capital appreciation through direct originations of secured debt, including the first lien, unitranche and second lien debt, and unsecured debt. It invests in U.S. middle-market companies such as banks and the public debt markets. The company focuses on the negotiation and structuring of the loans or securities in which it invests and holding the investments in its portfolio to maturity. It generates majority revenue in the form of interest income and dividend income.
51GF Score
Get the complete analysis for GSBD
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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