BXSL (Blackstone Secured Lending Fund) Cyclically Adjusted PS Ratio: (As of Jul. 29, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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BXSL Blackstone Secured Lending Fund BXSL
51 GF Score
Price $23.32
GF Value $31.84
Valuation Modestly Undervalued
! 9 Warning Signs
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What is Blackstone Secured Lending Fund Cyclically Adjusted PS Ratio?

Blackstone Secured Lending Fund does not have a history long enough to calculate Cyclically Adjusted Revenue per Share. Therefore GuruFocus does not calculate Cyclically Adjusted PS Ratio for this company.

Shiller PE for Stocks: The True Measure of Stock Valuation


Blackstone Secured Lending Fund  (NYSE:BXSL) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Blackstone Secured Lending Fund Cyclically Adjusted PS Ratio Related Terms


Blackstone Secured Lending Fund Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Blackstone Secured Lending Fund's Cyclically Adjusted PS 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.

Blackstone Secured Lending Fund Cyclically Adjusted PS Ratio Chart

Blackstone Secured Lending Fund Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
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Blackstone Secured Lending Fund Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PS 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 0.00 0.00 0.00 0.00 0.00

BXSL vs OBDC, MAIN, HASI: Cyclically Adjusted PS Ratio Comparison

For the Asset Management subindustry, Blackstone Secured Lending Fund's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.


Blackstone Secured Lending Fund Cyclically Adjusted PS Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Blackstone Secured Lending Fund's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Blackstone Secured Lending Fund's Cyclically Adjusted PS Ratio falls into.


BXSL
51GF Score
Blackstone Secured Lending Fund BXSL
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Blackstone Secured Lending Fund Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS 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 PS Ratio.

Blackstone Secured Lending Fund does not have a history long enough to calculate Cyclically Adjusted Revenue per Share. Therefore GuruFocus does not calculate Cyclically Adjusted PS Ratio for this company.

Is Blackstone Secured Lending Fund (BXSL) Overvalued in 2026?

Based on GuruFocus' analysis, Blackstone Secured Lending Fund stock appears to be undervalued. The current stock price of $23.32 is trading 26.8% below its estimated GF Value™ of $31.84. GuruFocus considers Blackstone Secured Lending Fund to be Modestly Undervalued.

Key valuation signals for BXSL:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: $31.84 vs. price of $23.32 (26.8% below fair value)
  • GF Score™: 51/100 with 9 warning signs

No single metric tells the full story. See the BXSL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Blackstone Secured Lending Fund Business Description

Other Exchanges GM8:Germany
Address 345 Park Avenue, 31st Floor, New York, NY, USA, 10154
Blackstone Secured Lending Fund is a non-diversified, closed-end management investment company. The investment objectives of the company are to generate current income and, to a lesser extent, long-term capital appreciation. The company seeks to achieve its investment objectives by investing in originated loans and other securities, including syndicated loans of private U.S. companies, typically in the form of first lien senior secured and unitranche loans, unsecured and subordinated loans, and other securities. 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.
51GF Score

Get the complete analysis for BXSL

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$23.32
Price
$31.84
GF Value