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Sixth Street Specialty Lending (STU:1T6) Cyclically Adjusted Book per Share : €18.24 (As of Jun. 2024)


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What is Sixth Street Specialty Lending Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

Sixth Street Specialty Lending's adjusted book value per share for the three months ended in Jun. 2024 was €15.970. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is €18.24 for the trailing ten years ended in Jun. 2024.

During the past 12 months, Sixth Street Specialty Lending's average Cyclically Adjusted Book Growth Rate was 2.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

As of today (2024-09-24), Sixth Street Specialty Lending's current stock price is €18.396. Sixth Street Specialty Lending's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 was €18.24. Sixth Street Specialty Lending's Cyclically Adjusted PB Ratio of today is 1.01.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Sixth Street Specialty Lending was 1.42. The lowest was 0.87. And the median was 1.07.


Sixth Street Specialty Lending Cyclically Adjusted Book per Share Historical Data

The historical data trend for Sixth Street Specialty Lending's Cyclically Adjusted Book per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Sixth Street Specialty Lending Cyclically Adjusted Book per Share Chart

Sixth Street Specialty Lending Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 15.50 17.44 17.52

Sixth Street Specialty Lending Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Cyclically Adjusted Book per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 17.34 18.12 17.52 17.91 18.24

Competitive Comparison of Sixth Street Specialty Lending's Cyclically Adjusted Book per Share

For the Asset Management subindustry, Sixth Street Specialty Lending's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Sixth Street Specialty Lending's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Sixth Street Specialty Lending's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Sixth Street Specialty Lending's Cyclically Adjusted PB Ratio falls into.



Sixth Street Specialty Lending Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Sixth Street Specialty Lending's adjusted Book Value per Share data for the three months ended in Jun. 2024 was:

Adj_Book= Book Value per Share /CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=15.97/132.5538*132.5538
=15.970

Current CPI (Jun. 2024) = 132.5538.

Sixth Street Specialty Lending Quarterly Data

Book Value per Share CPI Adj_Book
201409 12.153 100.428 16.041
201412 12.594 99.070 16.851
201503 14.410 99.621 19.174
201506 14.112 100.684 18.579
201509 13.919 100.392 18.378
201512 13.910 99.792 18.477
201603 13.565 100.470 17.897
201606 13.842 101.688 18.044
201609 14.064 101.861 18.302
201612 15.116 101.863 19.670
201703 14.995 102.862 19.323
201706 14.370 103.349 18.431
201709 13.496 104.136 17.179
201712 13.595 104.011 17.326
201803 13.195 105.290 16.612
201806 14.003 106.317 17.459
201809 14.113 106.507 17.564
201812 14.287 105.998 17.866
201903 14.465 107.251 17.878
201906 14.763 108.070 18.108
201909 15.179 108.329 18.573
201912 15.143 108.420 18.514
202003 14.094 108.902 17.155
202006 14.276 108.767 17.398
202009 14.327 109.815 17.294
202012 14.104 109.897 17.012
202103 13.835 111.754 16.410
202106 13.982 114.631 16.168
202109 14.606 115.734 16.729
202112 14.902 117.630 16.793
202203 15.326 121.301 16.748
202206 15.390 125.017 16.318
202209 16.525 125.227 17.492
202212 15.560 125.222 16.471
202303 15.492 127.348 16.125
202306 15.452 128.729 15.911
202309 15.903 129.860 16.233
202312 15.623 129.419 16.001
202403 15.799 131.776 15.892
202406 15.970 132.554 15.970

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Sixth Street Specialty Lending  (STU:1T6) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Sixth Street Specialty Lending's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=18.396/18.24
=1.01

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Sixth Street Specialty Lending was 1.42. The lowest was 0.87. And the median was 1.07.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Sixth Street Specialty Lending Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Sixth Street Specialty Lending's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Sixth Street Specialty Lending Business Description

Traded in Other Exchanges
Address
2100 McKinney Avenue, Suite 1500, Dallas, TX, USA, 75201
Sixth Street Specialty Lending Inc is a specialty finance company focused on providing flexible, fully committed financing solutions to middle market companies located in the united states of america. It partners with companies across a variety of industries and excel at providing creative solutions to companies with complex business models that may have limited access to capital. The company seeks to generate income in U.S.-domiciled middle-market companies through direct originations of interest income from the investments we hold. In addition, we may generate income from dividends on equity investments, capital gains on the sale of investments and various loan origination and other fees.

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