Goldman Sachs BDC, Inc. (GSBD) Key Metrics
GSBD valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $982.7M
- Enterprise value
- $2.82B
- P/E (TTM)
- 16.8 10-yr median 15.5
- Forward P/E
- 10.8
- PEG ratio
- 2.15
- Price / sales
- 2.9 10-yr median 9.8
- Price / book
- 0.8 10-yr median 1.0
- EV / EBITDA
- — 10-yr median 33.1
- Dividend yield
- 16.15% $1.41 a year
- Beta
- 0.68
GSBD key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsGSBD valuation Price multiples at each fiscal year-end price.
GSBD returns How much profit the business earns on the capital it uses.
GSBD per-share figures Results divided by the shares outstanding at year-end.
GSBD financial health Debt, liquidity and how easily interest is covered.
GSBD efficiency & capital use Working capital cycle and where the cash goes.
GSBD valuation history
GSBD returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
GSBD debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
GSBD cash returned to shareholders
GSBD price vs earnings per share
GSBD key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $1.07B | $1.39B | $1.59B | $1.40B | $1.95B | $1.03B | $857.9M | $738.6M | $856.9M | $854.2M |
| Enterprise value | $2.91B | $3.26B | $3.36B | $3.38B | $3.78B | $2.63B | $2.24B | $1.90B | $1.82B | $1.35B |
| P/E ratio | 9.0 | 22.1 | 8.1 | 25.5 | 10.1 | 5.9 | 23.7 | 13.8 | 17.3 | 21.0 |
| Price / sales | 4.4 | 7.2 | 3.5 | 24.8 | 11.5 | 7.0 | 19.8 | 8.4 | 11.3 | 13.8 |
| Price / book | 0.8 | 0.9 | 1.0 | 0.9 | 1.2 | 0.6 | 1.3 | 1.0 | 1.2 | 1.3 |
| Price / free cash flow | 3.3 | 564.7 | 5.3 | 51.1 | — | 6.2 | — | — | — | — |
| Price / operating cash flow | 3.3 | 564.7 | 5.3 | 51.1 | — | 6.2 | — | — | — | — |
| EV / sales | 12.0 | 16.9 | 7.4 | 59.6 | 22.2 | 17.9 | 51.7 | 21.5 | 24.0 | 21.7 |
| EV / EBITDA | 12.4 | 47.6 | 9.2 | 13.2 | 8.9 | 42.5 | 59.2 | 34.0 | 35.6 | 32.3 |
| EV / free cash flow | 8.9 | — | 11.2 | 123.0 | — | 15.8 | — | — | — | — |
| Earnings yield | 11.1% | 4.5% | 12.3% | 3.9% | 9.9% | 17.1% | 4.2% | 7.3% | 5.8% | 4.8% |
| Free cash flow yield | 30.4% | 0.2% | 19.0% | 2.0% | −1.5% | 16.1% | −4.1% | −6.7% | −5.8% | −3.7% |
| Dividend yield | 21.8% | 14.2% | 12.0% | 12.8% | 9.9% | 14.1% | 8.1% | 9.5% | 7.9% | 7.6% |
| Shareholder yield (dividends + buybacks) | 26.6% | 14.2% | 12.0% | 12.8% | 9.9% | 14.1% | 8.1% | 9.5% | 7.9% | 7.6% |
| Share price at fiscal year-end | $9.28 | $12.10 | $14.65 | $13.72 | $19.16 | $19.12 | $21.28 | $18.38 | $22.18 | $23.52 |
| Per share | ||||||||||
| Revenue per share | $2.10 | $1.68 | $4.20 | $0.55 | $1.67 | $2.72 | $1.07 | $2.20 | $1.96 | $1.71 |
| Earnings per share | $1.03 | $0.55 | $1.81 | $0.54 | $1.89 | $3.26 | $0.90 | $1.34 | $1.28 | $1.12 |
| Operating cash flow per share | $2.82 | $0.02 | $2.78 | $0.27 | −$0.29 | $3.07 | −$0.87 | −$1.23 | −$1.28 | −$0.86 |
| Free cash flow per share | $2.82 | $0.02 | $2.78 | $0.27 | −$0.29 | $3.07 | −$0.87 | −$1.23 | −$1.28 | −$0.86 |
| Cash per share | $0.37 | $0.54 | $0.48 | $0.39 | $0.33 | $0.60 | $0.23 | $0.15 | $0.30 | $0.13 |
| Book value per share | $12.31 | $13.71 | $14.79 | $14.69 | $15.88 | $29.94 | $16.77 | $17.67 | $18.79 | $18.31 |
| Tangible book value per share | $12.31 | $13.71 | $14.79 | $14.69 | $15.88 | $29.94 | $16.77 | $17.67 | $18.79 | $18.31 |
| Dividends per share | $2.02 | $1.72 | $1.76 | $1.76 | $1.90 | $2.70 | $1.73 | $1.75 | $1.75 | $1.79 |
| Capex per share | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Debt per share | $16.25 | $16.82 | $16.87 | $19.68 | $18.30 | $30.16 | $34.43 | $29.08 | $25.21 | $13.72 |
| Shares outstanding | 115.6M | 114.7M | 108.3M | 102.3M | 101.7M | 53.9M | 40.3M | 40.2M | 38.6M | 36.3M |
| Change in shares outstanding | +0.8% | +5.9% | +5.9% | +0.6% | +88.5% | +33.8% | +0.3% | +4.0% | +6.4% | +4.4% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 8.0% | 4.0% | 12.6% | 3.5% | 11.9% | 15.4% | 5.2% | 7.5% | 7.1% | 6.0% |
| Return on invested capital (ROIC) | 6.9% | 1.8% | 10.3% | 3.7% | 5.8% | 6.7% | 1.8% | 3.0% | 3.5% | 3.6% |
| Return on assets (ROA) | 3.4% | 1.8% | 5.5% | 1.5% | 5.6% | 7.4% | 2.5% | 4.0% | 4.0% | 3.5% |
| Return on tangible assets | 3.5% | 1.7% | 5.6% | 1.5% | 5.4% | 5.3% | 2.5% | 3.8% | 3.8% | 3.4% |
| Free cash flow margin | 134.3% | 1.3% | 66.1% | 48.4% | −17.6% | 113.1% | −81.5% | −55.7% | −65.1% | −50.5% |
| Income quality (OCF / net income) | 2.73 | 0.04 | 1.54 | 0.50 | −0.16 | 0.94 | −0.98 | −0.92 | −0.99 | −0.77 |
| Financial health | ||||||||||
| Total debt | $1.88B | $1.93B | $1.83B | $2.01B | $1.86B | $1.63B | $1.39B | $1.17B | $973.8M | $498.2M |
| Cash & short-term investments | $43.2M | $61.8M | $52.4M | $39.6M | $33.8M | $32.1M | $9.4M | $6.1M | $11.6M | $4.6M |
| Net debt | $1.83B | $1.87B | $1.77B | $1.97B | $1.83B | $1.59B | $1.38B | $1.16B | $962.2M | $493.6M |
| Debt / equity | 1.32 | 1.23 | 1.14 | 1.34 | 1.15 | 1.01 | 2.05 | 1.65 | 1.34 | 0.75 |
| Debt / assets | 0.56 | 0.54 | 0.52 | 0.56 | 0.52 | 0.49 | 0.94 | 0.84 | 0.75 | 0.42 |
| Net debt / EBITDA | 7.81 | 27.32 | 4.88 | 7.74 | 4.32 | 25.82 | 36.48 | 20.76 | 18.83 | 11.84 |
| Current ratio | 0.95 | 1.21 | 1.45 | 1.20 | 0.94 | 1.01 | 0.02 | 0.02 | 0.03 | 0.67 |
| Quick ratio | 0.95 | 1.21 | 1.45 | 1.20 | 0.94 | 1.58 | 0.02 | 2.67 | 2.93 | 67.37 |
| Interest coverage | 2.1 | 0.6 | 3.3 | 1.8 | 3.3 | 4.4 | 1.0 | 2.1 | 2.6 | 2.9 |
| Working capital | −$3.5M | $15.8M | $28.2M | $11.8M | −$3.7M | $477,000 | −$623.7M | −$520.4M | −$439.0M | −$5.9M |
| Invested capital | $3.26B | $3.44B | $3.38B | $3.48B | $3.44B | $3.21B | $2.05B | $1.87B | $1.69B | $1.16B |
| Tangible asset value | $1.42B | $1.57B | $1.60B | $1.50B | $1.61B | $1.62B | $676.1M | $709.9M | $725.8M | $665.1M |
| Net current asset value | −$1.89B | −$1.94B | −$1.83B | −$2.02B | −$1.88B | −$1.64B | −$783.9M | −$677.5M | −$560.8M | −$513.4M |
| Graham number | $16.91 | $13.01 | $24.53 | $13.33 | $26.00 | $46.90 | $18.39 | $23.04 | $23.28 | $21.48 |
| Graham net-net per share | −$16.41 | −$16.99 | −$16.99 | −$19.81 | −$18.54 | −$30.83 | −$19.48 | −$34.23 | −$31.25 | −$30.55 |
| Capital allocation | ||||||||||
| Dividends paid | $233.5M | $197.7M | $191.0M | $180.0M | $193.0M | $145.6M | $69.9M | $70.4M | $67.4M | $64.9M |
| Share buybacks (net) | $52.2M | $0 | $0 | — | — | — | $0 | — | $0 | $0 |
| Dividend payout ratio | 195.8% | 314.5% | 97.5% | 327.3% | 100.3% | 82.7% | 193.2% | 131.1% | 136.1% | 159.6% |
| Dividends + buybacks / free cash flow | 87.7% | — | 63.5% | 656.0% | — | 87.8% | — | — | — | — |
| Capex / revenue | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Capex / operating cash flow | 0.0% | 0.0% | 0.0% | 0.0% | — | 0.0% | — | — | — | — |
| Capex / depreciation | — | 0.00 | 0.00 | 0.00 | 0.00 | — | — | 0.00 | 0.00 | 0.00 |
| R&D / revenue | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| SG&A / revenue | 3.3% | 5.4% | 20.1% | 15.3% | 4.5% | 4.1% | 13.6% | 6.9% | 6.6% | 9.8% |
| Efficiency | ||||||||||
| Days sales outstanding | 41.4 | 63.2 | 28.2 | 177.4 | 50.9 | 37.3 | 64.8 | 44.6 | 57.8 | 72.7 |
| Days of inventory on hand | — | — | — | — | — | -746.9 | — | -18,876.7 | -23,319.0 | -30,506.4 |
| Days payables outstanding | 414.8 | 219.5 | 269.2 | 605.1 | 510.0 | 886.9 | 117.4 | 280.2 | 350.6 | 442.7 |
| Cash conversion cycle (days) | -373.4 | -156.3 | -240.9 | -427.7 | -459.0 | -1,596.5 | -52.6 | -19,112.4 | -23,611.8 | -30,876.5 |
| Receivables turnover | 8.81 | 5.78 | 12.94 | 2.06 | 7.17 | 9.78 | 5.64 | 8.19 | 6.31 | 5.02 |
| Payables turnover | 0.88 | 1.66 | 1.36 | 0.60 | 0.72 | 0.41 | 3.11 | 1.30 | 1.04 | 0.82 |
| Asset turnover | 0.07 | 0.05 | 0.13 | 0.02 | 0.05 | 0.06 | 0.03 | 0.07 | 0.06 | 0.05 |
| Average receivables | $27.5M | $33.3M | $35.2M | $27.5M | $23.7M | $15.0M | $7.7M | $10.8M | $12.0M | $12.4M |
| Average payables | $67.8M | $68.4M | $61.1M | $60.2M | $58.3M | $38.2M | $20.5M | $20.1M | $18.8M | $17.3M |
| Average inventory | — | — | — | — | — | −$32.1M | — | −$1.36B | −$1.25B | −$1.20B |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from GSBD's annual financial statements (latest annual report filed February 26, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
GSBD valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Goldman Sachs BDC traded at 9.0 times earnings, against a 10-year median of 15.5. Based on the latest twelve months, the trailing P/E is 16.8 and the forward P/E is 10.8. Goldman Sachs BDC earned a return on equity of 8.0% and a return on invested capital of 6.9% in fiscal 2025. It ended the year with $1.9 billion of debt and $43.2 million in cash and short-term investments, net debt of $1.8 billion. It returned $285.7 million to shareholders: $233.5 million in dividends and $52.2 million in share buybacks, 88% of free cash flow. The share count rose 218.2% from 36.3M to 115.6M over 9 years.
See the GSBD income statement, the GSBD chart for price history, or the GSBD stock overview for the latest quote and news.
GSBD key metrics FAQ
What is Goldman Sachs BDC's P/E ratio?
Goldman Sachs BDC's trailing P/E ratio is 16.8 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 10.8. At the end of fiscal 2025 it was 9.0, compared with a 10-year median of 15.5.
What is Goldman Sachs BDC's EV/EBITDA?
Goldman Sachs BDC's enterprise value was 12.4 times EBITDA at the end of fiscal 2025 (enterprise value $2.9 billion, EBITDA $234.9 million).
What is Goldman Sachs BDC's return on equity?
Goldman Sachs BDC's return on equity (ROE) was 8.0% in fiscal 2025: net income of $119.3 million on average shareholders' equity of $1.5 billion.
What is Goldman Sachs BDC's ROIC?
Goldman Sachs BDC's return on invested capital was 6.9% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Goldman Sachs BDC have?
Goldman Sachs BDC had total debt of $1.9 billion at the end of fiscal 2025, a debt-to-equity ratio of 1.32 and $1.8 billion of net debt (7.81 times EBITDA).
What is Goldman Sachs BDC's dividend yield?
Goldman Sachs BDC's forward dividend yield is 16.15%. Goldman Sachs BDC paid $233.5 million in dividends in fiscal 2025 ($2.02 per share), a payout ratio of 195.8%.
Does Goldman Sachs BDC buy back its shares?
Yes. Goldman Sachs BDC spent $52.2 million on net share repurchases in fiscal 2025 Shares outstanding changed +0.8% over the year, to 115.6M..
What is Goldman Sachs BDC's free cash flow yield?
Goldman Sachs BDC generated $325.7 million of free cash flow in fiscal 2025, a free cash flow yield of 30.4% on its market value at year-end ($1.1 billion).
What is Goldman Sachs BDC's current ratio?
Goldman Sachs BDC's current ratio was 0.95 at the end of fiscal 2025: current assets were 0.95 times current liabilities.