Based on expected EPS next year of the 11 BDC's the average P/E ratio will drop as low as 8.31 based on current price.

Source: https://seekingalpha.com/article/4658972-prospect-capital-why-i-doubling-down-on-this-12-percent-bdc-yield-end-of-2023?source=feed_all_articles

Despite the fact that TSLX stock is no longer a bargain, I recommend TSLX to passive income investors who place a premium on the quality of a BDC's investment portfolio.

Source: https://seekingalpha.com/article/4585910-sixth-street-specialty-9-6-percent-yielding-bdc?source=feed_all_articles

Given the BDC's strong performance and high-quality portfolio, I believe the discount is excessive.

Source: https://seekingalpha.com/article/4587522--carlyle-secured-lendings-stock-solid-trajectory-11-percent-yield-buy?source=feed_all_articles

In my opinion, another important metric to consider regarding a BDC's dividend sustainability is a company's weighted average annualized yield on its debt investments (asset side of the balance sheet).

Source: https://seekingalpha.com/article/4636476-ares-capitals-nav-valuation-and-dividend-vs-14-bdc-peers-part-2-includes-q4-2023-q1-2024?source=feed_all_articles