Stock fact sheet · data as of
Blue Owl Capital Corporation (OBDC): fair value, margin of safety and Wheel Score
Financial Services · Asset Management · United States · High Growth
Is OBDC undervalued?
OBDC has a margin of safety of 63%: the stock closed at 10.35 on 16 Oct 2026 against a GLS average fair value of 27.81. 6 of the 9 valuation models that produced a number sit above the price. Our screens 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 2.33 while DCF gives 83.17. 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.
The nightly engine files OBDC under High Growth: revenue and earnings growing fast enough that the growth-based models carry the valuation.
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 | 83.17 | +704% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 13.64 | +32% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 9.40 | -9% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 2.33 | -77% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 17.68 | +71% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 51.16 | +394% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 46.14 | +346% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 20.31 | +96% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 6.47 | -37% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -18.31 | -277% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 13.00 | +26% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
On financial health OBDC scores 8/9 (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 5.2 out of 10: a ten-year record that is consistent in some of the metrics the score tracks (revenue, earnings, margins, cash flow, returns on capital) and patchy in 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 22.3%.
The dividend yield is high at 13.33% (payout ratio 262%) - 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 | 8 / 9 | ROIC | 3.8% |
|---|---|---|---|
| GLS Moat | 5.2 / 10 | ROE | 8.5% |
| Debt / equity | 1.26 | ROA | 3.7% |
| Free-cash-flow yield | 22.3% | Payout ratio | 262% |
| Institutions | 7 / 10 | Insiders · Congress | 10 · 5 / 10 |
Wheel Score 88: Prime
OBDC scores 88 out of 100 on the Wheel Score, in the Prime band (80 and above), which fewer than one stock in twenty reaches on any night. The score blends five things a wheel trader checks before selling a cash-secured put: the margin of safety (Value, 25/25), Piotroski health (18/20), the GLS moat (8/15), the option premium on offer (18/20) and how easily the stock trades (19/20).
Implied volatility is 33% on the near-the-money contracts 20-60 days out: some premium, but under the 35-60% range the Wheel Score pays full marks for (18 of 20 points). Chain open interest is 37,575 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 5.5M shares a day on a market cap of $5.1B, with a beta of 0.69 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 19 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 63% margin of safety | |
| Health | 18 / 20 | Piotroski 8/9 | |
| Moat | 8 / 15 | moat 5.2/10 | |
| Premium | 18 / 20 | implied volatility 33% | |
| Stability | 19 / 20 | 5.5M shares/day, $5.1B cap, beta 0.69 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 4 Nov 2026 (after the close), 19 days away; a 30-45-day put sold today would expire after it, which is worth weighing against the premium.
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 |
|---|---|---|---|---|---|
| FELTX Fidelity Advisor Semiconductors Fund | 153.71 | 1,989.48 | +92% | 39No options | $5.1B |
| MAIN Main Street Capital Corporation | 54.27 | 94.16 | +42% | 45Weak | $5.1B |
| JANIX Janus Henderson Triton Fund Class D | 28.28 | 45.31 | +38% | 39No options | $5.3B |
| STEP StepStone Group Inc. | 41.33 | 22.11 | -87% | 45Weak | $5.3B |
| JSEAX JPMorgan International Equity A | 23.39 | 20.34 | -15% | 30No options | $4.9B |
| MGR Affiliated Managers Group, Inc. | 18.63 | 210.70 | +91% | 39No options | $5.5B |
| HASI HA Sustainable Infrastructure Capital, Inc. | 36.80 | 27.99 | -31% | 56Fair | $4.7B |
| CGABL The Carlyle Group Inc. 4.625% Subordinated Notes due 2061 | 15.60 | 15.57 | -0% | 36No options | $5.6B |
| BXSL Blackstone Secured Lending Fund | 24.19 | 39.65 | +39% | 72Good | $5.6B |
| HLNE Hamilton Lane Incorporated | 83.50 | 158.24 | +47% | 89Prime | $4.6B |
| EADOX Eaton Vance Emerging Markets Debt Opportunities - Class A | 8.62 | 7.35 | -17% | 29No options | $5.7B |
| VNYTX Vanguard New York Long-Term Tax-Exempt Fund Investor Shares | 10.22 | 5.94 | -72% | 25No options | $5.8B |
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A free GLS Equity account gets you nightly fair value and the Wheel Score on ~7,400 US stocks, a watchlist, the scanner preview and the Sunday Scan - the same eight-rule screen, emailed every week. Pro adds the full put and call scanners, unlimited watchlists with alerts and the trade journal.
Start free See the Sunday ScanQuestions about OBDC
Is OBDC undervalued right now?
By the GLS models, yes: at 10.35 the stock is 63% below the average fair value of 27.81 (data as of 16 Oct 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 88 out of 100 (Prime). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for OBDC?
27.81 per share as of 16 Oct 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?
The next earnings report is due on 4 Nov 2026 (after the close), 19 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does OBDC have listed options, and how liquid are they?
Yes. The nightly snapshot found 152 listed contracts with 37,575 open interest across all expiries and implied volatility of 33% 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.