Kayne Anderson BDCKBDC +1.32%11 Return-on-Tangible-Equity is 6.30% as of Mar. 2026, which is 38% below its 10-year median of 10.12. GuruFocus rates KBDC with a GF Score™ of 11/100. The stock has 6 warning signs investors should review. Among 1,588 Asset Management companies, Kayne Anderson BDC ranks better than 53.15% 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. Kayne Anderson BDC's annualized net income for the quarter that ended in Mar. 2026 was $68.96 Mil. Kayne Anderson BDC's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $1,094.56 Mil. Therefore, Kayne Anderson BDC's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 6.30%.
The historical rank and industry rank for Kayne Anderson BDC's Return-on-Tangible-Equity or its related term are showing as below:
KBDC'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 7.14 Med: 10.12 Max: 14.12
Current: 7.83
During the past 5 years, Kayne Anderson BDC's highest Return-on-Tangible-Equity was 14.12%. The lowest was 7.14%. And the median was 10.12%.
KBDC's Return-on-Tangible-Equity is ranked better than 53.15% of 1588
companies
in the Asset Management industry
Industry Median: 7.165
vs KBDC: 7.83
Kayne Anderson BDC (NYSE:KBDC) Return-on-Tangible-Equity Explanation
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.
Kayne Anderson BDC Return-on-Tangible-Equity Related Terms
Kayne Anderson BDC Return-on-Tangible-Equity Historical Data
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The historical data trend for Kayne Anderson 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.
Kayne Anderson BDC Return-on-Tangible-Equity Chart
KBDC vs STK, OXLC, BBN: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Kayne Anderson 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.
Kayne Anderson BDC Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Kayne Anderson BDC's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Kayne Anderson 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 6.30% mean?
Kayne Anderson BDC (KBDC) has a Return-on-Tangible-Equity of 6.30% 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 Kayne Anderson BDC and its competitors. This is 38% below median its historical median of 10.12. Over the past decade, Kayne Anderson BDC's Return-on-Tangible-Equity has ranged from 7.14 to 14.12. According to the industry distribution chart, Kayne Anderson BDC ranks #744 out of 1588 companies in the Asset Management industry, placing it in the top 46.9%.
Is Kayne Anderson BDC's Return-on-Tangible-Equity too high?
Kayne Anderson BDC's current Return-on-Tangible-Equity of 6.30% is 38% below median its 10-year median of 10.12. Over the past 10 years, this metric has ranged from a low of 7.14 to a high of 14.12. The Asset Management industry median Return-on-Tangible-Equity is 7.17. Kayne Anderson BDC's value of 6.30% is 12.1% below this industry median. Based on the distribution chart, Kayne Anderson BDC ranks #744 out of 1588 companies in the Asset Management industry, which is above 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-Equity compare to STK and OXLC?
According to the Asset Management industry distribution chart, Kayne Anderson BDC ranks #744 out of 1588 companies for Return-on-Tangible-Equity. This puts Kayne Anderson BDC in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.17. Kayne Anderson BDC's value of 6.30% is 12.1% below this benchmark. Historically, Kayne Anderson BDC's own Return-on-Tangible-Equity has ranged from 7.14 to 14.12 over the past decade. While the company's 10-year median is 10.12 vs. the industry median of 7.17, 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-Equity for an Asset Management company?
The median Return-on-Tangible-Equity among Asset Management companies is 7.17, 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. Kayne Anderson BDC's current Return-on-Tangible-Equity of 6.30% is 12.1% 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 Kayne Anderson BDC and its competitors. For the Asset Management industry, the median Return-on-Tangible-Equity is 7.17 — 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-Equity is 6.30%, which is 38% below median its own 10-year median of 10.12. 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-Equity of 6.30%. The current Return-on-Tangible-Equity is 6.30%, which is 38% below median its 10-year median of 10.12 and 12.1% below the Asset Management industry median of 7.17. 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Kayne Anderson BDC (KBDC), the current Return-on-Tangible-Equity is 6.30% 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.
11GF Score
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