Franklin BSP Capital Corporation (FRBP) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Franklin BSP Capital Corporation $11.69, price $8.51, upside +37.4%, quality 61 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
31‑month range $7.00 – $10.46 · fair‑value band $8.77 – $14.61 · the $8.51 price screens below the $11.69 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Franklin BSP Capital Corporation is a business development company specializing in middle market companies. It primarily invests in first and second lien senior secured loans, mezzanine loans, unsecured loans and equity investment. The fund prefers to invest in the United Stated.
Stock analysis
Franklin BSP Capital Corporation (FRBP) currently trades at $8.51, while our model-based Fair Value estimate is $11.69, implying the stock looks roughly 27.2% undervalued today.
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Valuation
How firm this estimate is: it rests on 19 models at a data quality of 92/100, which puts the evidence level at medium.
Scenario range: $8.77 (bear) to $14.61 (bull), the price of $8.51 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 61/100 (solid quality), in the Financial Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Franklin BSP Capital Corporation reported revenue of $157M in FY2025 versus $27.6M in FY2022, a compound +78.5%/yr. Reported net income was $104M in FY2025, compounding +65.1%/yr from FY2022. FY2022 was a trough year, so the rate overstates the trend.
Key figures
Market cap $1.4B · P/E ratio 12.2 · P/S ratio 8.08 · EPS (TTM) $0.7000 · Net margin 66.4% · Free cash flow $6.1M · Net debt $2.1B.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).
What moves the price
The share trades about 19% below its 52-week high and 22% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −4% fair-value upside, at 37%, FRBP screens cheaper than that median.
Fair Value models
Bear $8.77Fair Value $11.69Bull $14.61
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then ($0.5047 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+10.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+78.5%
’22
’23
’24
’25
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: only 3 usable fiscal years, at least 4 required
not computed
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+57.9%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +54.2% a year for the price.
Compare Franklin BSP Capital Corporation with another stock
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Asset Management · 659 stocks
Beats the industry median on 5/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score61 · Above median
Fair Value upside+37% · Above median
Profitability
Return on assets0% · Below median
Net margin (TTM)66% · Top 25%
Operating margin (TTM)0% · Bottom 25%
Growth and dividend
Revenue growth0% · Below median
Dividend yield (TTM)0.0% · Bottom 25%
Valuation Multiplesvs Asset Management median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Franklin BSP Capital Corporation Fair Value". https://www.fairvalue-calculator.com/stock/FRBP
Frequently asked questions
Is Franklin BSP Capital Corporation (FRBP) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $11.69 versus a price of $8.51, about +37% upside (undervalued).
What is the fair value of FRBP?
Our model-based fair value for Franklin BSP Capital Corporation is $11.69 (as of Sep 24, 2026), built from audited fundamentals. The current price: $8.51.
What is the quality score of FRBP?
Franklin BSP Capital Corporation has a Quality Score of 61/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Franklin BSP Capital Corporation (FRBP)?
Our model-based price target is the fair value of $11.69 (as of Sep 24, 2026) from 2 valuation models. Cautious scenario $8.77, optimistic scenario $14.61. It is a calculation from audited fundamentals, not an analyst target.
What is the Franklin BSP Capital Corporation stock forecast for 2026?
Our models put fair value at $11.69, about +37% upside versus a price of $8.51 (undervalued). Cautious scenario $8.77, optimistic scenario $14.61. The calculation is refreshed regularly with new filings.
What growth is priced into Franklin BSP Capital Corporation (FRBP)?
For today's price to be fair in a discounted-cash-flow model, Franklin BSP Capital Corporation would have to grow free cash flow by +57.9 % per year for five years (discount rate 11.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 3 years revenue grew +78.5 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of FRBP use?
Our models discount Franklin BSP Capital Corporation at 11.2 %: a base by market capitalisation (small), country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Franklin BSP Capital Corporation that is +57.9 % per year a year over ten years, using the same discount rate (11.2 %) and the same formula as our fair value.
How much growth has Franklin BSP Capital Corporation (FRBP) delivered so far?
Over the past 3 years revenue at Franklin BSP Capital Corporation grew +78.5 % a year. The price currently implies +57.9 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Franklin BSP Capital Corporation (FRBP) growing?
The median revenue growth in the sector is +8.5 % a year. That is the yardstick for the growth priced into Franklin BSP Capital Corporation (+57.9 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Franklin BSP Capital Corporation (FRBP)?
The free-cash-flow yield on the price is 0.54 %: that much free cash flow Franklin BSP Capital Corporation produces per unit of market value. When it exceeds the discount rate of our models (11.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Franklin BSP Capital Corporation (FRBP)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Franklin BSP Capital Corporation it is $11.69 per share (as of Sep 24, 2026), against a price of $8.51. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is Franklin BSP Capital Corporation stock overvalued or undervalued in 2026?
As of Sep 24, 2026, FRBP trades below its calculated fair value: price $8.51, fair value $11.69, a gap of about +37% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of FRBP?
No. The price is what the market pays today ($8.51); the fair value is what the company's own numbers justify ($11.69). For Franklin BSP Capital Corporation the two are $3.18 per share apart. That gap is exactly why we show both numbers side by side.
How much is Franklin BSP Capital Corporation worth?
The market values Franklin BSP Capital Corporation at about $1.4B (market capitalisation, as of Sep 24, 2026). Per share that is $8.51; our models calculate a fair value of $11.69 per share.
What do the bullish and bearish scenarios say about FRBP?
Our models span a range for Franklin BSP Capital Corporation: cautious scenario $8.77, base $11.69, optimistic $14.61 per share (as of Sep 24, 2026, price $8.51). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of FRBP?
Franklin BSP Capital Corporation trades at a price-to-earnings ratio of 12.2 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $11.69 is built from several models across several years. Other multiples: P/B 0.8.
How far is FRBP from its 52-week high?
Franklin BSP Capital Corporation trades at $8.51, about 19% below its 52-week high of $10.46 and 22% above the low of $7.00 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of $11.69 is for.
Which stocks are comparable to Franklin BSP Capital Corporation?
From the same area (Financial Services) we also value Blackstone Inc, Brookfield Corporation, KKR & Co, Apollo Global Management, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Franklin BSP Capital Corporation stock attractive at the current price?
The data as of Sep 24, 2026: price $8.51, calculated fair value $11.69 (+37%), Quality Score 61/100, from 2 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of FRBP calculated?
We run Franklin BSP Capital Corporation through 2 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $11.69, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.1 % above its aggregate fair value. Franklin BSP Capital Corporation currently trades 37 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Franklin BSP Capital Corporation (FRBP)?
The closing price on Sep 23, 2026 was $8.51. Our model-based fair value is $11.69, about +37% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Franklin BSP Capital Corporation right now?
The price is below even our cautious bear case ($8.77). The market is more pessimistic than our downside scenario. Solid quality (61/100) at a price below fair value, the discount is the argument here, not the business quality. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Franklin BSP Capital Corporation
How large is the market capitalisation of Franklin BSP Capital Corporation (FRBP)?
The market capitalisation of Franklin BSP Capital Corporation is $1.4B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Franklin BSP Capital Corporation (FRBP)?
The price-to-sales ratio of Franklin BSP Capital Corporation is 8.08 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Franklin BSP Capital Corporation (FRBP)?
Earnings per share at Franklin BSP Capital Corporation are $0.7000 (price ÷ EPS = P/E 12.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Franklin BSP Capital Corporation (FRBP)?
The net margin of Franklin BSP Capital Corporation is 66.4% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
How much net debt does Franklin BSP Capital Corporation (FRBP) carry?
The net debt of Franklin BSP Capital Corporation is $2.1B (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Sep 24, 2026