Goldman Sachs BDC, Inc (GSBD) Fair Value & Analysis

Financial Services · US · Market cap $1.0B

A solid business, screening 78% undervalued on our models.

What matters now

• The price is below even our cautious bear case ($12.99). The market is more pessimistic than our downside scenario.
• Solid quality (68/100) 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.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 26, 2026.

How to read this chart

60‑month range $8.29 – $11.78 · fair‑value band $12.99 – $21.65 · the $9.75 price screens below the $17.32 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 26, 2026.

Full chart & analysis →

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Analysis

Goldman Sachs BDC, Inc (GSBD) currently trades at $9.75, while our model-based Fair Value estimate is $17.32, implying the stock looks roughly 77.6% undervalued today. The Quality Score stands at 68/100 (solid quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Goldman Sachs BDC, Inc generated revenue of $347M at a net margin of 21.3%. Revenue declined 18.7% year over year. It earns a return on equity of 5.1%. Net debt stands at $1.8B. Fundamentals as of Jul 26, 2026

Our scenario range runs from $12.99 (bear case) to $21.65 (bull case); at $9.75, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 8% below its 52-week high and 15% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -12% fair-value upside, at 78%, GSBD screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Widest divergence: Growth DCF ($46.27) versus Asset-Based ($8.47). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

Goldman Sachs BDC, Inc. is a business development company specializing in middle market and mezzanine investment in private companies.

Full company description

Goldman Sachs BDC, Inc. is a business development company specializing in middle market and mezzanine investment in private companies. It seeks to make capital appreciation through direct originations of secured debt, senior secured debt, junior secured debt, including first lien, first lien/last-out unitranche and second lien debt, unsecured debt, including mezzanine debt and, to a lesser extent, investments in equities. The fund primarily invests in United States. It seeks to invest between $10 million and $75 million in companies with EBITDA between $5 million and $75 million annually.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Goldman Sachs BDC, Inc reported revenue of $242M in FY2025 versus $170M in FY2021, a compound +9.3%/yr. Reported net income was $119M in FY2025, compounding −11.3%/yr from FY2021.

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Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

• Should You Buy The Goldman Sachs Group (GS)? Yahoo Finance · Jun 8, 2026
• The Goldman Sachs Group (GS) – Among the 14 Best Dividend Stocks to Buy for Steady Growth Yahoo Finance · May 12, 2026
• Goldman Sachs BDC Q1 Earnings Call Highlights Yahoo Finance · May 10, 2026

Peer Group

Asset Management · 973 stocks

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.

Valuation Multiples vs Asset Management median · lower = cheaper

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

Insider activity: 66/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.