GSBD (Goldmanchs BDC) Scaled Net Operating Assets: 0.96 (As of Jun. 2026)

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GSBD Goldman Sachs BDC Inc GSBD
51 GF Score
Price $9.62
GF Value $7.47
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Goldmanchs BDC Scaled Net Operating Assets?

Goldmanchs BDC GSBD +0.42% 51 Scaled Net Operating Assets is 0.96 as of Jun. 2026. 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.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Goldmanchs BDC's operating assets for the quarter that ended in Jun. 2026 was $3,273.37 Mil. Goldmanchs BDC's operating liabilities for the quarter that ended in Jun. 2026 was $77.48 Mil. Goldmanchs BDC's Total Assets for the quarter that ended in Mar. 2026 was $3,342.86 Mil. Therefore, Goldmanchs BDC's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2026 was 0.96.

GSBD
51GF Score
Goldman Sachs BDC Inc GSBD
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Goldmanchs BDC Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Goldmanchs BDC's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(3340.036-82.242)/3603.383
=0.90

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=3383.247 - 43.211
=3340.036

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1960.228 - 1877.986 - 0
=82.242

Goldmanchs BDC's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jun. 2026 )
=(Operating Assets (Q: Jun. 2026 )-Operating Liabilities (Q: Jun. 2026 ))/Total Assets (Q: Mar. 2026 )
=(3273.374-77.485)/3342.857
=0.96

where

Operating Assets(Q: Jun. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=3287.804 - 14.43
=3273.374

Operating Liabilities(Q: Jun. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1930.154 - 1852.669 - 0
=77.485

* 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.

What does a Scaled Net Operating Assets of 0.96 mean?
Goldmanchs BDC (GSBD) has a Scaled Net Operating Assets of 0.96 as of Jun. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Goldmanchs BDC and its competitors.
Is Goldmanchs BDC's Scaled Net Operating Assets too high?
Goldmanchs BDC's current Scaled Net Operating Assets is 0.96. 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 Scaled Net Operating Assets compare to FRBP and AOD?
Goldmanchs BDC's Scaled Net Operating Assets of 0.96 can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for an Asset Management company?
A good Scaled Net Operating Assets depends on the Asset Management industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Goldmanchs BDC and its competitors. Goldmanchs BDC's current Scaled Net Operating Assets is 0.96. 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 Scaled Net Operating Assets is 0.96. 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 Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Goldmanchs BDC (GSBD), the current Scaled Net Operating Assets is 0.96 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:

  • Scaled Net Operating Assets: 0.96
  • GF Value™: $7.47 vs. price of $9.62 (28.8% above fair value)
  • GF Score™: 51/100 with 7 warning signs

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.

Goldmanchs BDC Business Description

Other Exchanges GSB:Germany
Address 200 West Street, New York, NY, USA, 10282
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

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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$9.62
Price
$7.47
GF Value