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Oaktree Specialty LendingFRA:FFC +0.66%51 Cyclically Adjusted PB Ratio is 0.52 as of Jul. 16, 2026, which is 13% below its 10-year median of 0.60. GuruFocus rates FRA:FFC with a GF Score™ of 51/100 and a GF Value™ of €11.65 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,000 Asset Management companies, Oaktree Specialty Lending ranks better than 76.1% on this metric.
The historical rank and industry rank for Oaktree Specialty Lending's Cyclically Adjusted PB Ratio or its related term are showing as below:
FRA:FFC'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.27 Med: 0.6 Max: 0.85
Current: 0.52
During the past years, Oaktree Specialty Lending's highest Cyclically Adjusted PB Ratio was 0.85. The lowest was 0.27. And the median was 0.60.
FRA:FFC's Cyclically Adjusted PB Ratio is ranked better than 76.1% of 1000
companies
in the Asset Management industry
Industry Median: 0.85
vs FRA:FFC: 0.52
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.
Oaktree Specialty Lending's adjusted book value per share data for the three months ended in Mar. 2026 was €13.572. 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 €20.27 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Oaktree Specialty Lending (FRA:FFC) 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.
Oaktree Specialty Lending Cyclically Adjusted PB Ratio Related Terms
Oaktree Specialty Lending Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Oaktree Specialty Lending's Cyclically Adjusted PB Ratio 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.
Oaktree Specialty Lending Cyclically Adjusted PB Ratio Chart
FRA:FFC vs MUC, CII, BTX: Cyclically Adjusted PB Ratio Comparison
For the Asset Management subindustry, Oaktree 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.
Oaktree Specialty Lending Cyclically Adjusted PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Oaktree Specialty Lending's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Oaktree Specialty Lending's Cyclically Adjusted PB Ratio falls into.
Oaktree 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 0.52 mean?
Oaktree Specialty Lending (FRA:FFC) has a Cyclically Adjusted PB Ratio of 0.52 as of Jul. 16, 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 Oaktree Specialty Lending and its competitors. This is 13% below median its historical median of 0.60. Over the past decade, Oaktree Specialty Lending's Cyclically Adjusted PB Ratio has ranged from 0.27 to 0.85. According to the industry distribution chart, Oaktree Specialty Lending ranks #239 out of 1000 companies in the Asset Management industry, placing it in the top 23.9%.
Is Oaktree Specialty Lending's Cyclically Adjusted PB Ratio too high?
Oaktree Specialty Lending's current Cyclically Adjusted PB Ratio of 0.52 is 13% below median its 10-year median of 0.60. Over the past 10 years, this metric has ranged from a low of 0.27 to a high of 0.85. The Asset Management industry median Cyclically Adjusted PB Ratio is 0.85. Oaktree Specialty Lending's value of 0.52 is 38.8% below this industry median. Based on the distribution chart, Oaktree Specialty Lending ranks #239 out of 1000 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Oaktree Specialty Lending has a GF Score™ of 51/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Oaktree Specialty Lending's Cyclically Adjusted PB Ratio compare to MUC and CII?
According to the Asset Management industry distribution chart, Oaktree Specialty Lending ranks #239 out of 1000 companies for Cyclically Adjusted PB Ratio. This places Oaktree Specialty Lending in the top 24% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.85. Oaktree Specialty Lending's value of 0.52 is 38.8% below this benchmark. Historically, Oaktree Specialty Lending's own Cyclically Adjusted PB Ratio has ranged from 0.27 to 0.85 over the past decade. While the company's 10-year median is 0.60 vs. the industry median of 0.85, Oaktree Specialty Lending has consistently been below 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 0.85, based on 1,000 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. Oaktree Specialty Lending's current Cyclically Adjusted PB Ratio of 0.52 is 38.8% below 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 Oaktree Specialty Lending and its competitors. For the Asset Management industry, the median Cyclically Adjusted PB Ratio is 0.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Oaktree Specialty Lending's current Cyclically Adjusted PB Ratio is 0.52, which is 13% below median its own 10-year median of 0.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oaktree Specialty Lending stock overvalued right now?
Based on GuruFocus' analysis, Oaktree Specialty Lending (FRA:FFC) is currently considered Fairly Valued. The stock's GF Value™ is €11.65, compared to a current price of €10.60 — trading 9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.52, which is 13% below median its 10-year median of 0.60 and 38.8% below the Asset Management industry median of 0.85. Oaktree Specialty Lending's overall GF Score™ is 51/100 with 5 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 Oaktree Specialty Lending (FRA:FFC), the current Cyclically Adjusted PB Ratio is 0.52 as of Jul. 16, 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 Oaktree Specialty Lending (FRA:FFC) Overvalued in 2026?
Based on GuruFocus' analysis, Oaktree Specialty Lending stock appears to be undervalued.
The current stock price of €10.60 is trading 9% below its estimated GF Value™ of €11.65.
GuruFocus considers Oaktree Specialty Lending to be Fairly Valued.
Key valuation signals for FRA:FFC:
Cyclically Adjusted PB Ratio: 0.52 (13% below median its 10-year median of 0.60)
GF Value™: €11.65 vs. price of €10.60 (9% below fair value)
Industry Position: 38.8% below the Asset Management median (#239 of 1000)
No single metric tells the full story. See the FRA:FFC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Oaktree Specialty Lending Corp is a specialty finance company. The company provides lending services and invests in small and mid-sized companies. The company's investment objective is to maximize its portfolio's total return by generating current income from debt investments, and to a lesser extent, capital appreciation from equity investments. The company provides customized, one-stop credit solutions to companies with limited access to public or syndicated capital markets. The company operates as a single reportable segment and derives revenues from investing in originated loans and other securities, including broadly syndicated loans, of U.S. private companies and manages the business on a consolidated basis.
51GF Score
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