ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Golub Capital BDC's annualizedNet Income for the quarter that ended in Mar. 2026 was €-161.9 Mil.
Golub Capital BDC's average Total Assets over the quarter that ended in Mar. 2026 was €7,486.8 Mil. Therefore, Golub Capital BDC's annualized ROA % for the quarter that ended in Mar. 2026 was -2.16%.
The historical rank and industry rank for Golub Capital BDC's ROA % or its related term are showing as below:
FRA:OGL'
s ROA % Range Over the Past 10 Years
Min: -0.6 Med: 4.17 Max: 7.08
Current: 2.3
During the past 13 years, Golub Capital BDC's highest ROA % was 7.08%. The lowest was -0.60%. And the median was 4.17%.
FRA:OGL's ROA % is ranked worse than 58.73% of 1638
companies
in the Asset Management industry
Industry Median: 3.95
vs FRA:OGL: 2.30
Golub Capital BDC (FRA:OGL) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data.
* 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % 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 ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
Golub Capital BDC ROA % Related Terms
Golub Capital BDC ROA % Historical Data
* Premium members only.
The historical data trend for Golub Capital BDC's ROA % 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.
For the Asset Management subindustry, Golub Capital BDC's ROA %, along with its competitors' market caps and ROA % 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 ROA % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Golub Capital BDC's ROA % distribution charts can be found below:
* The bar in red indicates where Golub Capital BDC's ROA % 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 ROA %, the net income of the last fiscal year and the average total 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.
ROA % is displayed in the 30-year financial page.
Golub Capital BDC (FRA:OGL) has a ROA % of -2.16% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Golub Capital BDC and its competitors. According to the industry distribution chart, Golub Capital BDC ranks #962 out of 1638 companies in the Asset Management industry, placing it in the top 58.7%.
Is Golub Capital BDC's ROA % too high?
Golub Capital BDC's current ROA % is -2.16%. Based on the distribution chart, Golub Capital BDC ranks #962 out of 1638 companies in the Asset Management industry, which is below the industry midpoint. Overall, Golub Capital BDC has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Golub Capital BDC's ROA % compare to NEA and AB?
According to the Asset Management industry distribution chart, Golub Capital BDC ranks #962 out of 1638 companies for ROA %. This places Golub Capital BDC in the lower half of its industry. The industry median ROA % is 3.95. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROA % for an Asset Management company?
The median ROA % among Asset Management companies is 3.95, based on 1,638 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Golub Capital BDC and its competitors. For the Asset Management industry, the median ROA % is 3.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Golub Capital BDC's current ROA % is -2.16%. 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 (FRA:OGL) is currently considered Significantly Overvalued. The stock's GF Value™ is €7.53, compared to a current price of €10.59 — trading 40.6% above its estimated fair value. The current ROA % is -2.16%. Golub Capital BDC's overall GF Score™ is 62/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For Golub Capital BDC (FRA:OGL), the current ROA % is -2.16% 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 Golub Capital BDC (FRA:OGL) Overvalued in 2026?
Based on GuruFocus' analysis, Golub Capital BDC stock appears to be overvalued.
The current stock price of €10.59 is trading 40.6% above its estimated GF Value™ of €7.53.
GuruFocus considers Golub Capital BDC to be Significantly Overvalued.
Key valuation signals for FRA:OGL:
ROA %: -2.16%
GF Value™: €7.53 vs. price of €10.59 (40.6% above fair value)
No single metric tells the full story. See the FRA:OGL 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.
62GF Score
Get the complete analysis for FRA:OGL
ROA % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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