GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Sixth Street Specialty Lending Inc (NYSE:TSLX) » Definitions » Cyclically Adjusted PS Ratio

Sixth Street Specialty Lending (Sixth Street Specialty Lending) Cyclically Adjusted PS Ratio : 7.83 (As of Apr. 30, 2024)


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

What is Sixth Street Specialty Lending Cyclically Adjusted PS Ratio?

As of today (2024-04-30), Sixth Street Specialty Lending's current share price is $21.69. Sixth Street Specialty Lending's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $2.77. Sixth Street Specialty Lending's Cyclically Adjusted PS Ratio for today is 7.83.

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

TSLX' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 6.36   Med: 7.49   Max: 10.32
Current: 7.84

During the past years, Sixth Street Specialty Lending's highest Cyclically Adjusted PS Ratio was 10.32. The lowest was 6.36. And the median was 7.49.

TSLX's Cyclically Adjusted PS Ratio is ranked worse than
51.76% of 881 companies
in the Asset Management industry
Industry Median: 7.38 vs TSLX: 7.84

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Sixth Street Specialty Lending's adjusted revenue per share data for the three months ended in Dec. 2023 was $0.750. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $2.77 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sixth Street Specialty Lending Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Sixth Street Specialty Lending'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.

* Premium members only.

Sixth Street Specialty Lending Cyclically Adjusted PS Ratio Chart

Sixth Street Specialty Lending Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 9.69 6.87 7.81

Sixth Street Specialty Lending Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 6.87 6.89 6.90 7.40 7.81

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

For the Asset Management subindustry, Sixth Street Specialty Lending'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.


Sixth Street Specialty Lending's Cyclically Adjusted PS Ratio Distribution in the Asset Management Industry

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

* The bar in red indicates where Sixth Street Specialty Lending's Cyclically Adjusted PS Ratio falls into.



Sixth Street Specialty Lending 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=21.69/2.77
=7.83

* 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 Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Sixth Street Specialty Lending's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.75/129.4194*129.4194
=0.750

Current CPI (Dec. 2023) = 129.4194.

Sixth Street Specialty Lending Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 0.483 99.695 0.627
201406 0.556 100.560 0.716
201409 0.397 100.428 0.512
201412 0.381 99.070 0.498
201503 0.505 99.621 0.656
201506 0.690 100.684 0.887
201509 0.255 100.392 0.329
201512 0.111 99.792 0.144
201603 0.361 100.470 0.465
201606 0.895 101.688 1.139
201609 0.696 101.861 0.884
201612 0.637 101.863 0.809
201703 0.530 102.862 0.667
201706 0.598 103.349 0.749
201709 0.467 104.136 0.580
201712 0.551 104.011 0.686
201803 0.641 105.290 0.788
201806 0.603 106.317 0.734
201809 0.666 106.507 0.809
201812 0.305 105.998 0.372
201903 0.675 107.251 0.815
201906 0.830 108.070 0.994
201909 0.568 108.329 0.679
201912 0.658 108.420 0.785
202003 -0.702 108.902 -0.834
202006 1.513 108.767 1.800
202009 1.283 109.815 1.512
202012 0.512 109.897 0.603
202103 0.774 111.754 0.896
202106 0.762 114.631 0.860
202109 0.719 115.734 0.804
202112 0.637 117.630 0.701
202203 0.540 121.301 0.576
202206 -0.095 125.017 -0.098
202209 0.529 125.227 0.547
202212 0.718 125.222 0.742
202303 0.786 127.348 0.799
202306 0.773 128.729 0.777
202309 0.901 129.860 0.898
202312 0.750 129.419 0.750

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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  (NYSE:TSLX) 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.


Sixth Street Specialty Lending Cyclically Adjusted PS Ratio Related Terms

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


Sixth Street Specialty Lending (Sixth Street Specialty Lending) 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.
Executives
P Emery Covington director 2100 MCKINNEY AVENUE, SUITE 1500, DALLAS TX 75201
Hurley Doddy director 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Michael Graf officer: Principal Accounting Officer 301 COMMERCE STREET, FORT WORTH TX 76102
Anton Brett officer: Chief Compliance Officer C/O SIXTH STREET PARTNERS, LLC, 2100 MCKINNEY AVENUE, SUITE 1500, DALLAS TX 75201
Steven Pluss officer: Vice President C/O TPG GLOBAL, LLC, 301 COMMERCE STREET, FORT WORTH TX 76102
Joshua Peck officer: Vice President C/O SIXTH STREET PARTNERS, LLC, 2100 MCKINNEY AVENUE, SUITE 1500, DALLAS TX 75201
Jennifer Gordon officer: Chief Compliance Officer C/O TPG GLOBAL, 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Ian Simmonds officer: Chief Financial Officer 301 COMMERCE STREET, FORT WORTH TX 76102
Judy S Slotkin director 888 PARK AVENUE, NEW YORK NY 10021
Richard A Higginbotham director FLEETBOSTON FINANCIAL CORP, 100 FEDERAL STREET, BOSTON MA 02110
Joshua Easterly director, officer: Vice President 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
John Ross director 830 PARK AVENUE, APARTMENT 11B, NEW YORK NY 10021
Kenneth Joseph Burke officer: Chief Compliance Officer 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Robert J. Stanley officer: President 301 COMMERCE STREET, FORT WORTH TX 76102
Ronald Tanemura director 1010 36TH AVENUE EAST, SEATTLE WA 98112

Sixth Street Specialty Lending (Sixth Street Specialty Lending) Headlines

From GuruFocus