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Sixth Street Specialty LendingFRA:1T6 -1.66%45 Cyclically Adjusted PB Ratio is 0.93 as of Aug. 12, 2026, which is 14% below its 10-year median of 1.08. GuruFocus rates FRA:1T6 with a GF Score™ of 45/100 and a GF Value™ of €9.09 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 1,012 Asset Management companies, Sixth Street Specialty Lending ranks worse than 54.74% on this metric.
The historical rank and industry rank for Sixth Street Specialty Lending's Cyclically Adjusted PB Ratio or its related term are showing as below:
FRA:1T6'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.84 Med: 1.08 Max: 1.47
Current: 0.94
During the past years, Sixth Street Specialty Lending's highest Cyclically Adjusted PB Ratio was 1.47. The lowest was 0.84. And the median was 1.08.
FRA:1T6's Cyclically Adjusted PB Ratio is ranked worse than 54.74% of 1012
companies
in the Asset Management industry
Industry Median: 0.87
vs FRA:1T6: 0.94
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 adjusted book value per share data for the three months ended in Jun. 2026 was €14.146. 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 €17.14 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Sixth Street Specialty Lending (FRA:1T6) Cyclically Adjusted PB Ratio Explanation
Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.
Sixth Street Specialty Lending Cyclically Adjusted PB Ratio Related Terms
Sixth Street Specialty Lending Cyclically Adjusted PB Ratio Historical Data
* 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.
Sixth Street Specialty Lending Cyclically Adjusted PB Ratio Chart
FRA:1T6 vs BST, BCAT, TRIN: Cyclically Adjusted PB Ratio Comparison
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 Cyclically Adjusted PB Ratio vs 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 PB Ratio Calculation
Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.
* 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.
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.
What does a Cyclically Adjusted PB Ratio of 0.93 mean?
Sixth Street Specialty Lending (FRA:1T6) has a Cyclically Adjusted PB Ratio of 0.93 as of Aug. 12, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Sixth Street Specialty Lending and its competitors. This is 14% below median its historical median of 1.08. Over the past decade, Sixth Street Specialty Lending's Cyclically Adjusted PB Ratio has ranged from 0.84 to 1.47. According to the industry distribution chart, Sixth Street Specialty Lending ranks #554 out of 1012 companies in the Asset Management industry, placing it in the top 54.7%.
Is Sixth Street Specialty Lending's Cyclically Adjusted PB Ratio too high?
Sixth Street Specialty Lending's current Cyclically Adjusted PB Ratio of 0.93 is 14% below median its 10-year median of 1.08. Over the past 10 years, this metric has ranged from a low of 0.84 to a high of 1.47. The Asset Management industry median Cyclically Adjusted PB Ratio is 0.87. Sixth Street Specialty Lending's value of 0.93 is 6.9% above this industry median. Based on the distribution chart, Sixth Street Specialty Lending ranks #554 out of 1012 companies in the Asset Management industry, which is below the industry midpoint. Overall, Sixth Street Specialty Lending has a GF Score™ of 45/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sixth Street Specialty Lending's Cyclically Adjusted PB Ratio compare to BST and BCAT?
According to the Asset Management industry distribution chart, Sixth Street Specialty Lending ranks #554 out of 1012 companies for Cyclically Adjusted PB Ratio. This places Sixth Street Specialty Lending in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.87. Sixth Street Specialty Lending's value of 0.93 is 6.9% above this benchmark. Historically, Sixth Street Specialty Lending's own Cyclically Adjusted PB Ratio has ranged from 0.84 to 1.47 over the past decade. While the company's 10-year median is 1.08 vs. the industry median of 0.87, Sixth Street Specialty Lending has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for an Asset Management company?
The median Cyclically Adjusted PB Ratio among Asset Management companies is 0.87, based on 1,012 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Sixth Street Specialty Lending's current Cyclically Adjusted PB Ratio of 0.93 is 6.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Sixth Street Specialty Lending and its competitors. For the Asset Management industry, the median Cyclically Adjusted PB Ratio is 0.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sixth Street Specialty Lending's current Cyclically Adjusted PB Ratio is 0.93, which is 14% below median its own 10-year median of 1.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sixth Street Specialty Lending stock overvalued right now?
Based on GuruFocus' analysis, Sixth Street Specialty Lending (FRA:1T6) is currently considered Significantly Overvalued. The stock's GF Value™ is €9.09, compared to a current price of €15.86 — trading 74.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.93, which is 14% below median its 10-year median of 1.08 and 6.9% above the Asset Management industry median of 0.87. Sixth Street Specialty Lending's overall GF Score™ is 45/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Sixth Street Specialty Lending (FRA:1T6), the current Cyclically Adjusted PB Ratio is 0.93 as of Aug. 12, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Sixth Street Specialty Lending (FRA:1T6) Overvalued in 2026?
Based on GuruFocus' analysis, Sixth Street Specialty Lending stock appears to be overvalued.
The current stock price of €15.86 is trading 74.5% above its estimated GF Value™ of €9.09.
GuruFocus considers Sixth Street Specialty Lending to be Significantly Overvalued.
Key valuation signals for FRA:1T6:
Cyclically Adjusted PB Ratio: 0.93 (14% below median its 10-year median of 1.08)
GF Value™: €9.09 vs. price of €15.86 (74.5% above fair value)
Industry Position: 6.9% above the Asset Management median (#554 of 1012)
No single metric tells the full story. See the FRA:1T6 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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. The company partners with other companies across a variety of industries and provides creative solutions with complex business models that may have limited access to capital. The company seeks to generate current income in U.S.-domiciled middle-market companies through direct originations of senior secured loans and, to a lesser extent, originations of mezzanine and unsecured loans and investments in corporate bonds and equity securities.
45GF Score
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