Goldman Sachs BDC
Financial ratios & Valuation

Forward Multiples (2025 – 2026)

20252026
Price/Earnings ratio
5.866.22
Price/Sales ratio
2.595.34
Earnings per Share (EPS)
$1.92$1.81

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
16.1414.1721.0117.2913.7523.735.8510.1225.508.1019.7113.75
Price/Sales ratio
14.1112.3017.8615.2611.8919.817.0311.4524.773.484.0619.81
Price/Book Value ratio
1.030.951.281.181.041.260.631.200.930.990.941.26
Price/Cash Flow ratio
-2.13-5.44-27.24-17.38-14.99-24.326.22-65.2551.135.276.15-14.99
Price/Free Cash Flow ratio
-2.13-5.44-27.24-17.38-14.99-24.326.22-65.2551.135.276.17-14.99
Price/Earnings Growth ratio
0.151.75-1.271.212.93-0.720.02-0.24-0.350.030.870.87
Dividend Yield
6.96%9.61%7.59%7.86%9.52%8.14%14.11%9.90%12.82%12.03%10.55%9.52%
Profitability Indicator Ratios
Gross Profit Margin
100%47.52%40.79%44.00%50.25%43.41%89.28%75.46%35.91%100%86.38%50.25%
Operating Profit Margin
-12.28%-12.24%-12.78%-8.95%-9.85%87.30%121.11%114.09%245.69%79.87%64.34%-9.85%
Pretax Profit Margin
87.71%87.75%87.21%91.04%90.14%87.30%121.11%114.09%105.39%44.26%22.07%87.30%
Net Profit Margin
87.43%86.78%85.04%88.27%86.43%83.50%120.14%113.13%97.10%43.05%20.56%83.50%
Effective Tax Rate
0.32%1.09%2.48%3.03%4.11%4.35%0.80%0.84%7.86%2.72%6.82%4.11%
Return on Assets
3.81%4.11%3.41%3.81%3.84%2.45%5.31%5.41%1.53%5.56%2.13%2.45%
Return On Equity
6.42%6.77%6.11%6.82%7.56%5.34%10.90%11.91%3.66%12.22%4.73%5.34%
Return on Capital Employed
-0.89%-0.58%-0.52%-0.59%-0.70%4.51%5.45%5.56%3.94%10.59%6.82%-0.70%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/A0.310.07N/AN/AN/A1.22N/A
Quick Ratio
0.020.7567.362.932.660.021.000.941.190.961.221.22
Cash ratio
0.021.350.250.020.010.010.570.550.660.550.750.01
Days of Sales Outstanding
77.8786.5791.4678.1056.2248.8660.2349.95204.7930.9132.4448.86
Days of Inventory outstanding
N/AN/A-15.41K-15.21K-16.57KN/AN/AN/AN/AN/AN/A-16.57K
Operating Cycle
N/A86.57-15.32K-15.13K-16.52K48.8660.2349.95204.79N/A32.44-16.52K
Days of Payables Outstanding
N/A217.11231.10229.34242.54305.031.29K531.39599.28N/A442.60242.54
Cash Conversion Cycle
N/A-130.54-15.55K-15.36K-16.76K-256.17-1.23K-481.44-394.49N/A-410.16-16.76K
Debt Ratios
Debt Ratio
0.720.360.410.410.470.940.490.520.560.51N/A0.94
Debt Equity Ratio
1.210.600.740.740.922.051.001.151.331.14N/A2.05
Long-term Debt to Capitalization
0.370.370.420.420.480.530.500.530.570.53N/A0.53
Total Debt to Capitalization
0.540.370.420.420.480.670.500.530.570.53N/A0.67
Interest Coverage Ratio
N/A7.825.334.073.152.194.26N/AN/AN/A2.082.19
Cash Flow to Debt Ratio
-0.39-0.28-0.06-0.09-0.07-0.020.10-0.010.010.16N/A-0.07
Company Equity Multiplier
1.681.641.781.781.962.182.052.192.392.192.231.96
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
-6.61-2.25-0.65-0.87-0.79-0.811.13-0.170.480.660.65-0.79
Free Cash Flow / Operating Cash Flow Ratio
111111111111
Cash Flow Coverage Ratio
-0.39-0.28-0.06-0.09-0.07-0.020.10-0.010.010.16N/A-0.07
Short Term Coverage Ratio
-0.79N/AN/AN/AN/A-0.05N/AN/AN/AN/AN/A-0.05
Dividend Payout Ratio
112.51%136.32%159.57%136.09%131.10%193.23%82.67%100.31%327.25%97.49%258.50%131.10%