Is Goldman Sachs BDC, Inc. overvalued or undervalued?

As of 5 November 2020, Goldman Sachs BDC, Inc. moved from a grade of risky to very attractive, indicating a significant improvement in its valuation outlook. The company is currently considered undervalued based on its financial metrics. The P/E ratio stands at 21, while the price-to-book value is notably low at 0.87, and the dividend yield is an impressive 15.29%.
In comparison to its peers, Goldman Sachs BDC's P/E ratio is higher than that of Victory Capital Holdings, Inc. at 15.17 and Golub Capital BDC, Inc. at 13.14, but lower than Cohen & Steers, Inc. at 26.84, suggesting it may offer better value relative to its earnings potential. Additionally, the EV to EBITDA ratio of 7.18 aligns closely with the industry average, reinforcing its competitive positioning. Despite recent stock performance lagging behind the S&P 500 over the past year, the current valuation metrics suggest that Goldman Sachs BDC, Inc. presents a compelling investment opportunity.