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Sixth Street Specialty Lending (STU:1T6) Cyclically Adjusted PB Ratio : 1.10 (As of Jun. 22, 2024)


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What is Sixth Street Specialty Lending Cyclically Adjusted PB Ratio?

As of today (2024-06-22), Sixth Street Specialty Lending's current share price is €19.698. Sixth Street Specialty Lending's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €17.91. Sixth Street Specialty Lending's Cyclically Adjusted PB Ratio for today is 1.10.

The historical rank and industry rank for Sixth Street Specialty Lending's Cyclically Adjusted PB Ratio or its related term are showing as below:

STU:1T6' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.87   Med: 1.07   Max: 1.43
Current: 1.08

During the past years, Sixth Street Specialty Lending's highest Cyclically Adjusted PB Ratio was 1.43. The lowest was 0.87. And the median was 1.07.

STU:1T6's Cyclically Adjusted PB Ratio is ranked worse than
70.29% of 956 companies
in the Asset Management industry
Industry Median: 0.79 vs STU:1T6: 1.08

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 Mar. 2024 was €15.799. 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 €17.91 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sixth Street Specialty Lending Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Sixth Street 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.

* Premium members only.

Sixth Street Specialty Lending Cyclically Adjusted PB Ratio Chart

Sixth Street Specialty Lending Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 1.32 0.95 1.12

Sixth Street Specialty Lending Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PB Ratio 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 0.97 0.98 1.06 1.12 1.10

Competitive Comparison of Sixth Street Specialty Lending's Cyclically Adjusted PB Ratio

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 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=19.698/17.91
=1.10

* 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's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

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

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=15.799/131.7762*131.7762
=15.799

Current CPI (Mar. 2024) = 131.7762.

Sixth Street Specialty Lending Quarterly Data

Book Value per Share CPI Adj_Book
201406 11.553 100.560 15.139
201409 12.153 100.428 15.947
201412 12.594 99.070 16.752
201503 14.410 99.621 19.061
201506 14.112 100.684 18.470
201509 13.919 100.392 18.270
201512 13.910 99.792 18.368
201603 13.565 100.470 17.792
201606 13.842 101.688 17.938
201609 14.064 101.861 18.194
201612 15.116 101.863 19.555
201703 14.995 102.862 19.210
201706 14.370 103.349 18.323
201709 13.496 104.136 17.078
201712 13.595 104.011 17.224
201803 13.195 105.290 16.514
201806 14.003 106.317 17.356
201809 14.113 106.507 17.461
201812 14.287 105.998 17.762
201903 14.465 107.251 17.773
201906 14.763 108.070 18.001
201909 15.179 108.329 18.464
201912 15.143 108.420 18.405
202003 14.094 108.902 17.054
202006 14.276 108.767 17.296
202009 14.327 109.815 17.192
202012 14.104 109.897 16.912
202103 13.835 111.754 16.314
202106 13.982 114.631 16.073
202109 14.606 115.734 16.631
202112 14.902 117.630 16.694
202203 15.326 121.301 16.650
202206 15.390 125.017 16.222
202209 16.525 125.227 17.389
202212 15.560 125.222 16.374
202303 15.492 127.348 16.031
202306 15.452 128.729 15.818
202309 15.903 129.860 16.138
202312 15.623 129.419 15.908
202403 15.799 131.776 15.799

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


Sixth Street Specialty Lending  (STU: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

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


Sixth Street Specialty Lending (STU:1T6) 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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