GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Oaktree Specialty Lending Corp (STU:FFC) » Definitions » Cyclically Adjusted PB Ratio

Oaktree Specialty Lending (STU:FFC) Cyclically Adjusted PB Ratio : 0.77 (As of May. 15, 2024)


View and export this data going back to 2014. Start your Free Trial

What is Oaktree Specialty Lending Cyclically Adjusted PB Ratio?

As of today (2024-05-15), Oaktree Specialty Lending's current share price is €19.50. Oaktree Specialty Lending's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €25.32. Oaktree Specialty Lending's Cyclically Adjusted PB Ratio for today is 0.77.

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

STU:FFC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.27   Med: 0.65   Max: 0.85
Current: 0.76

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 0.65.

STU:FFC's Cyclically Adjusted PB Ratio is ranked better than
58.42% of 279 companies
in the Credit Services industry
Industry Median: 0.9 vs STU:FFC: 0.76

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. 2024 was €17.227. 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 €25.32 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Oaktree Specialty Lending Cyclically Adjusted PB Ratio Historical Data

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.

* Premium members only.

Oaktree Specialty Lending Cyclically Adjusted PB Ratio Chart

Oaktree Specialty Lending Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.54 0.53 0.79 0.65 0.76

Oaktree 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 0.69 0.72 0.76 0.78 0.77

Competitive Comparison of Oaktree Specialty Lending's Cyclically Adjusted PB Ratio

For the Credit Services 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's Cyclically Adjusted PB Ratio Distribution in the Credit Services Industry

For the Credit Services 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=19.50/25.32
=0.77

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

For example, Oaktree 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)
=17.227/129.4194*129.4194
=17.227

Current CPI (Mar. 2024) = 129.4194.

Oaktree Specialty Lending Quarterly Data

Book Value per Share CPI Adj_Book
201406 21.436 100.560 27.588
201409 22.446 100.428 28.926
201412 22.303 99.070 29.135
201503 25.449 99.621 33.061
201506 24.416 100.684 31.384
201509 24.073 100.392 31.034
201512 23.150 99.792 30.023
201603 22.440 100.470 28.906
201606 21.763 101.688 27.698
201609 21.313 101.861 27.079
201612 20.787 101.863 26.410
201703 20.290 102.862 25.529
201706 19.145 103.349 23.974
201709 15.493 104.136 19.255
201712 14.739 104.011 18.340
201803 14.278 105.290 17.550
201806 15.268 106.317 18.586
201809 15.650 106.507 19.017
201812 16.320 105.998 19.926
201903 17.393 107.251 20.988
201906 17.517 108.070 20.978
201909 17.984 108.329 21.485
201912 17.834 108.420 21.288
202003 14.488 108.902 17.218
202006 16.235 108.767 19.318
202009 16.531 109.815 19.482
202012 16.880 109.897 19.879
202103 17.868 111.754 20.692
202106 17.981 114.631 20.301
202109 18.561 115.734 20.756
202112 19.506 117.630 21.461
202203 19.781 121.301 21.105
202206 19.555 125.017 20.244
202209 20.581 125.227 21.270
202212 18.534 125.222 19.155
202303 18.359 127.348 18.658
202306 18.075 128.729 18.172
202309 18.391 129.860 18.329
202312 17.554 129.419 17.554
202403 17.227 129.419 17.227

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.


Oaktree Specialty Lending  (STU: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

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


Oaktree Specialty Lending (STU:FFC) Business Description

Traded in Other Exchanges
Address
333 South Grand Avenue, 28th Floor, Los Angeles, CA, USA, 90071
Oaktree Specialty Lending Corp is a specialty finance company. It 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. Its investments generally range in size from ten million dollars to hundred million dollars and are principally in the form of the first lien, second lien, or collectively, senior secured, and subordinated debt investments, which may also include an equity component made in connection with investments by private equity sponsors.