Kayne Anderson BDC, Inc. (KBDC) Key Metrics
KBDC valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $820.8M
- Enterprise value
- $0
- P/E (TTM)
- 11.4
- Forward P/E
- 8.4
- PEG ratio
- —
- Price / sales
- 10.5
- Price / book
- 0.8
- EV / EBITDA
- —
- Dividend yield
- 12.87% $1.60 a year
- Beta
- —
KBDC key metrics, 2021–2025
Fiscal year ended December 31, 2025 · U.S. dollarsKBDC valuation Price multiples at each fiscal year-end price.
KBDC returns How much profit the business earns on the capital it uses.
KBDC per-share figures Results divided by the shares outstanding at year-end.
KBDC financial health Debt, liquidity and how easily interest is covered.
KBDC efficiency & capital use Working capital cycle and where the cash goes.
KBDC valuation history
KBDC returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
KBDC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
KBDC cash returned to shareholders
KBDC price vs earnings per share
KBDC key metrics
2021–2025| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Valuation | |||||
| Market capitalization | $1.01B | $1.05B | — | — | — |
| Enterprise value | $2.11B | $1.88B | — | — | — |
| P/E ratio | 10.7 | 8.0 | — | — | — |
| Price / sales | 4.3 | 5.8 | — | — | — |
| Price / book | 0.9 | 0.9 | — | — | — |
| Price / free cash flow | — | 10.0 | — | — | — |
| Price / operating cash flow | — | 10.0 | — | — | — |
| EV / sales | 8.9 | 10.4 | — | — | — |
| EV / EBITDA | 12.3 | 14.2 | — | — | — |
| EV / free cash flow | — | 17.9 | — | — | — |
| Earnings yield | 9.3% | 12.5% | — | — | — |
| Free cash flow yield | −9.8% | 10.0% | — | — | — |
| Dividend yield | 12.3% | 9.6% | — | — | — |
| Shareholder yield (dividends + buybacks) | 17.0% | 9.8% | — | — | — |
| Share price at fiscal year-end | $14.32 | $16.54 | — | — | — |
| Per share | |||||
| Revenue per share | $3.36 | $2.85 | $2.04 | $1.05 | $0.44 |
| Earnings per share | $1.33 | $2.07 | $1.19 | $0.70 | $0.34 |
| Operating cash flow per share | −$1.41 | $1.65 | $1.23 | $0.71 | $0.15 |
| Free cash flow per share | −$1.41 | $1.65 | $1.23 | $0.71 | $0.15 |
| Cash per share | $0.26 | $0.35 | $0.72 | $0.13 | $0.03 |
| Book value per share | $15.80 | $18.61 | $10.51 | $9.11 | $4.80 |
| Tangible book value per share | $15.80 | $18.61 | $10.51 | $9.11 | $4.80 |
| Dividends per share | $1.76 | $1.60 | $1.08 | $0.36 | $0.07 |
| Capex per share | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Debt per share | $15.90 | $13.30 | $10.60 | $8.79 | $4.10 |
| Shares outstanding | 70.3M | 63.8M | 65.0M | 65.0M | 65.0M |
| Change in shares outstanding | +10.2% | −1.9% | 0.0% | 0.0% | — |
| Returns & profitability | |||||
| Return on equity (ROE) | 8.2% | 14.1% | 12.1% | 10.1% | 7.1% |
| Return on invested capital (ROIC) | 8.0% | 7.9% | 3.1% | 2.6% | 1.9% |
| Return on assets (ROA) | 4.3% | 7.5% | 5.9% | 5.1% | 3.8% |
| Return on tangible assets | 4.1% | 6.3% | 5.4% | 3.8% | 3.8% |
| Free cash flow margin | −41.9% | 57.9% | 60.3% | 67.2% | 32.9% |
| Income quality (OCF / net income) | −1.05 | 0.80 | 1.04 | 1.01 | 0.43 |
| Financial health | |||||
| Total debt | $1.12B | $848.1M | $689.3M | $571.6M | $266.3M |
| Cash & short-term investments | $18.0M | $22.4M | $46.9M | $8.5M | $2.0M |
| Net debt | $1.10B | $825.8M | $642.4M | $563.1M | $264.3M |
| Debt / equity | 1.01 | 0.71 | 1.01 | 0.97 | 0.85 |
| Debt / assets | 0.49 | 0.41 | 0.48 | 0.48 | 0.45 |
| Net debt / EBITDA | 6.40 | 6.22 | 8.34 | 12.30 | 11.86 |
| Current ratio | 0.82 | 1.33 | 67.28 | 1.16 | 0.90 |
| Quick ratio | 0.82 | 1.33 | 67.28 | 1.16 | 0.90 |
| Interest coverage | 2.2 | 2.3 | 1.6 | 2.5 | 5.3 |
| Working capital | −$6.7M | $9.5M | $1.46B | $2.7M | −$447,000 |
| Invested capital | $2.21B | $2.01B | $1.33B | $1.16B | $576.3M |
| Tangible asset value | $1.11B | $1.19B | $683.1M | $592.0M | $312.0M |
| Net current asset value | −$1.15B | −$858.4M | $742.9M | −$583.3M | −$270.3M |
| Graham number | $21.77 | $29.43 | $16.74 | $12.01 | $6.08 |
| Graham net-net per share | −$16.24 | −$13.52 | −$10.52 | −$9.01 | −$4.17 |
| Capital allocation | |||||
| Dividends paid | $123.3M | $101.8M | $70.0M | $23.1M | $4.4M |
| Share buybacks (net) | $48.0M | $1.5M | $0 | $0 | — |
| Dividend payout ratio | 131.6% | 77.1% | 90.8% | 50.5% | 19.8% |
| Dividends + buybacks / free cash flow | — | 98.3% | 87.7% | 50.1% | 46.5% |
| Capex / revenue | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Capex / operating cash flow | — | 0.0% | 0.0% | 0.0% | 0.0% |
| Capex / depreciation | 0.00 | 0.00 | — | 0.00 | — |
| R&D / revenue | — | — | 0.0% | 0.0% | 0.0% |
| SG&A / revenue | 1.6% | 2.4% | 4.4% | 3.7% | 6.4% |
| Efficiency | |||||
| Days sales outstanding | 30.6 | 28.6 | 32.4 | 33.8 | 27.1 |
| Days payables outstanding | 274.7 | 159.4 | 141.4 | 210.9 | 401.5 |
| Cash conversion cycle (days) | -244.1 | -130.7 | -108.9 | -177.1 | -374.5 |
| Receivables turnover | 11.92 | 12.75 | 11.25 | 10.81 | 13.48 |
| Payables turnover | 1.33 | 2.29 | 2.58 | 1.73 | 0.91 |
| Asset turnover | 0.11 | 0.10 | 0.10 | 0.08 | 0.05 |
| Average receivables | $19.8M | $14.2M | $11.8M | $6.3M | $2.1M |
| Average payables | $27.8M | $25.2M | $19.2M | $10.5M | $4.6M |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from KBDC's annual financial statements (latest annual report filed March 2, 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.
KBDC valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Kayne Anderson BDC traded at 10.7 times earnings. Based on the latest twelve months, the trailing P/E is 11.4 and the forward P/E is 8.4. Kayne Anderson BDC earned a return on equity of 8.2% and a return on invested capital of 8.0% in fiscal 2025. It ended the year with $1.1 billion of debt and $18.0 million in cash and short-term investments, net debt of $1.1 billion. It returned $171.3 million to shareholders: $123.3 million in dividends and $48.0 million in share buybacks. The share count rose 8.0% from 65.0M to 70.3M over 4 years.
See the KBDC income statement, the KBDC chart for price history, or the KBDC stock overview for the latest quote and news.
KBDC key metrics FAQ
What is Kayne Anderson BDC's P/E ratio?
Kayne Anderson BDC's trailing P/E ratio is 11.4 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 8.4. At the end of fiscal 2025 it was 10.7.
What is Kayne Anderson BDC's EV/EBITDA?
Kayne Anderson BDC's enterprise value was 12.3 times EBITDA at the end of fiscal 2025 (enterprise value $2.1 billion, EBITDA $171.7 million).
What is Kayne Anderson BDC's return on equity?
Kayne Anderson BDC's return on equity (ROE) was 8.2% in fiscal 2025: net income of $93.7 million on average shareholders' equity of $1.1 billion.
What is Kayne Anderson BDC's ROIC?
Kayne Anderson BDC's return on invested capital was 8.0% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Kayne Anderson BDC have?
Kayne Anderson BDC had total debt of $1.1 billion at the end of fiscal 2025, a debt-to-equity ratio of 1.01 and $1.1 billion of net debt (6.40 times EBITDA).
What is Kayne Anderson BDC's dividend yield?
Kayne Anderson BDC's forward dividend yield is 12.87%. Kayne Anderson BDC paid $123.3 million in dividends in fiscal 2025 ($1.76 per share), a payout ratio of 131.6%.
Does Kayne Anderson BDC buy back its shares?
Yes. Kayne Anderson BDC spent $48.0 million on net share repurchases in fiscal 2025 Shares outstanding changed +10.2% over the year, to 70.3M..
What is Kayne Anderson BDC's free cash flow yield?
Kayne Anderson BDC generated -$98.7 million of free cash flow in fiscal 2025, a free cash flow yield of −9.8% on its market value at year-end ($1.0 billion).
What is Kayne Anderson BDC's current ratio?
Kayne Anderson BDC's current ratio was 0.82 at the end of fiscal 2025: current assets were 0.82 times current liabilities.