Stock fact sheet · data as of
Blue Owl Capital Corporation (OBDC): fair value, margin of safety and Wheel Score
Ticker symbol OBDC · Financial Services · Asset Management · United States · Blend Income
Is OBDC undervalued?
OBDC has a margin of safety of 69%: the stock closed at 10.76 on 5 Nov 2026 against a GLS average fair value of 34.88. 6 of the 9 valuation models that produced a number sit above the price. Our scans treat a discount this large as a strong starting point for a cash-secured put, not as a verdict - the fair value is a model output, and a wide gap can mean the models are missing something the market knows.
The 9 models disagree widely: Lynch gives 2.66 while 10 Cap gives 102.34. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
Ranked against every other company we cover, neither cheapness nor growth clearly wins for OBDC, so the nightly engine files it under Blend (value score 73, growth score 76, out of 100). It also carries the Income tag (Income = a dividend yield of 4% or more).
Nine valuation models for OBDC
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 83.90 | +680% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 14.60 | +36% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 10.73 | -0% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 2.66 | -75% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 19.69 | +83% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 102.34 | +851% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 52.29 | +386% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 20.31 | +89% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 7.39 | -31% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -18.31 | -270% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 12.33 | +15% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
On financial health OBDC scores 7/9 (Piotroski): most of the nine tests - positive earnings and cash flow, falling debt, rising margins and turnover - are passed, which is the kind of balance sheet a wheel trader is happy to be assigned. The GLS Moat score is 6.4 out of 10: a record that is solid on some of the four parts the score weighs (returns on capital, pricing power, lasting growth, balance sheet) and weaker on others.
Returns on capital are thin or negative - ROIC 3.8%, ROE 8.5%, ROA 3.7% - with debt at 1.26 times equity and a free-cash-flow yield of 44.9%.
The dividend yield is high at 12.83% (payout ratio 238%) - a payout above 100% of earnings, which is not covered by profits. A yield this size is often the market's way of pricing a risk to the payout, so the health score and cash flow matter more than usual.
Institutional ownership scores 7/10, insider activity 10/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 7 / 9 | ROIC | 3.8% |
|---|---|---|---|
| GLS Moat | 6.4 / 10 | ROE | 8.5% |
| Debt / equity | 1.26 | ROA | 3.7% |
| Free-cash-flow yield | 44.9% | Payout ratio | 238% |
| Institutions | 7 / 10 | Insiders · Congress | 10 · 5 / 10 |
Wheel Score 84: Good
OBDC scores 84 out of 100 on the Wheel Score (Good band, 70-84): it passes all 9 Wheel Trade Filters. How it ranks: value strong, premium strong, moat good, health good, red flags good, option trading fair, stability good; Option trading (fair) holds it back.
Implied volatility is 37% on the near-the-money contracts 20-60 days out - inside the 35-60% sweet spot the Wheel Score rewards most: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is 22,303 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 4.0M shares a day on a market cap of $5.3B, with a beta of 0.70 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score rates that good.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Passes | Listed options with 1,000+ contracts of open interest and 100+ traded a day |
| 2 | A real business, not a gamble | Passes | Profitable over the last twelve months - not a speculative stock, fund or note |
| 3 | Below fair value | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 4 | Financially healthy | Passes | Piotroski F-score 6 or more out of 9 (a company with no score on file passes) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Passes | Implied volatility 25-80% (enough premium, not a lottery ticket) |
| 8 | Big enough | Passes | Market cap $1 billion or more |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Strong | 69% below fair value | |
| Premium | Strong | implied volatility 37% | |
| Moat | Good | moat 6.4/10 | |
| Health | Good | Piotroski 7/9 | |
| Red Flags | Good | Red Flags score 80/100 | |
| Option trading | Fair | 1,594 contracts a day, 22,303 open interest | |
| Stability | Good | beta 0.70, $5.3B company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
No upcoming earnings date is recorded for OBDC in the nightly calendar.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Asset Management
The 12 companies below are the closest to Blue Owl Capital Corporation by market cap within the Asset Management industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| TILHX Nuveen Large Cap Growth Fund I | 28.90 | 23.10 | -25% | 12No options | $5.4B |
| FIVLX Fidelity International Value Fund | 15.27 | 5.61 | -172% | 12No options | $5.4B |
| MAIN Main Street Capital Corporation | 57.62 | 94.56 | +39% | 34Weak | $5.4B |
| HLNE Hamilton Lane Incorporated | 94.99 | 143.57 | +34% | 54Fair | $5.3B |
| JANIX Janus Henderson Triton Fund Class D | 28.81 | 45.34 | +36% | 30No options | $5.3B |
| HASI HA Sustainable Infrastructure Capital, Inc. | 40.38 | 27.99 | -44% | 35Weak | $5.2B |
| CGABL The Carlyle Group Inc. 4.625% Subordinated Notes due 2061 | 15.40 | 15.02 | -3% | 14No options | $5.5B |
| MGR Affiliated Managers Group, Inc. | 18.86 | 188.27 | +90% | 36No options | $5.6B |
| BXSL Blackstone Secured Lending Fund | 23.92 | 56.37 | +58% | 35Weak | $5.6B |
| EADOX Eaton Vance Emerging Markets Debt Opportunities - Class A | 8.49 | 7.36 | -15% | 10No options | $5.7B |
| JSEAX JPMorgan International Equity A | 23.69 | 20.34 | -16% | 10No options | $5.0B |
| VNYTX Vanguard New York Long-Term Tax-Exempt Fund Investor Shares | 10.57 | 5.96 | -77% | 12No options | $5.7B |
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Start free See the Sunday ScanQuestions about OBDC
Is OBDC undervalued right now?
By the GLS models, yes: at 10.76 the stock is 69% below the average fair value of 34.88 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of OBDC and what does it mean?
OBDC scores 84 out of 100 (Good). The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for OBDC?
34.88 per share as of 5 Nov 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Blue Owl Capital Corporation report earnings next?
No upcoming earnings date is recorded for OBDC in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does OBDC have listed options, and how liquid are they?
Yes. The nightly snapshot found 18 listed contracts with 22,303 open interest across all expiries and implied volatility of 37% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.