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Oaktree Specialty Lending (Oaktree Specialty Lending) Cyclically Adjusted PB Ratio : 0.76 (As of Apr. 28, 2024)


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What is Oaktree Specialty Lending Cyclically Adjusted PB Ratio?

As of today (2024-04-28), Oaktree Specialty Lending's current share price is $19.83. Oaktree Specialty Lending's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $26.02. Oaktree Specialty Lending's Cyclically Adjusted PB Ratio for today is 0.76.

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

OCSL' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.27   Med: 0.63   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 0.63.

OCSL's Cyclically Adjusted PB Ratio is ranked better than
57.36% of 258 companies
in the Credit Services industry
Industry Median: 0.875 vs OCSL: 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 Dec. 2023 was $19.143. 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 $26.02 for the trailing ten years ended in Dec. 2023.

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
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.76 0.69 0.72 0.76 0.78

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
=19.83/26.02
=0.76

* 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 Dec. 2023 is calculated as:

For example, Oaktree Specialty Lending's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=19.143/129.4194*129.4194
=19.143

Current CPI (Dec. 2023) = 129.4194.

Oaktree Specialty Lending Quarterly Data

Book Value per Share CPI Adj_Book
201403 29.438 99.695 38.215
201406 29.126 100.560 37.485
201409 28.925 100.428 37.275
201412 27.500 99.070 35.925
201503 27.542 99.621 35.780
201506 27.402 100.684 35.223
201509 27.018 100.392 34.830
201512 25.218 99.792 32.705
201603 24.989 100.470 32.189
201606 24.453 101.688 31.122
201609 23.921 101.861 30.393
201612 21.927 101.863 27.859
201703 21.700 102.862 27.303
201706 21.511 103.349 26.937
201709 18.466 104.136 22.949
201712 17.443 104.011 21.704
201803 17.606 105.290 21.641
201806 17.837 106.317 21.713
201809 18.261 106.507 22.189
201812 18.566 105.998 22.668
201903 19.653 107.251 23.715
201906 19.794 108.070 23.704
201909 19.806 108.329 23.662
201912 19.816 108.420 23.654
202003 16.009 108.902 19.025
202006 18.283 108.767 21.754
202009 19.471 109.815 22.947
202012 20.536 109.897 24.184
202103 21.271 111.754 24.633
202106 21.664 114.631 24.459
202109 21.837 115.734 24.419
202112 22.040 117.630 24.249
202203 21.785 121.301 23.243
202206 20.671 125.017 21.399
202209 20.377 125.227 21.059
202212 19.634 125.222 20.292
202303 19.657 127.348 19.977
202306 19.583 128.729 19.688
202309 19.628 129.860 19.561
202312 19.143 129.419 19.143

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  (NAS:OCSL) 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 (Oaktree Specialty Lending) 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.
Executives
Matthew Stewart officer: Chief Operating Officer C/O OAKTREE CAPITAL MANAGEMENT, L.P., 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Christopher Mckown officer: See Remarks C/O OAKTREE CAPITAL MANAGEMENT, L.P., 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Phyllis R Caldwell director AMERICAN CAPITAL, LTD., 2 BETHESDA METRO CENTER, 12TH FLOOR, BETHESDA MD 20814
Ashley Pak officer: Chief Compliance Officer C/O OAKTREE CAPITAL MANAGEMENT, L.P., 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Mathew Pendo officer: Chief Operating Officer C/O OAKTREE CAPITAL MANAGEMENT, L.P., 333 S. GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Leonard M Tannenbaum director, officer: CEO and President 525 OKEECHOBEE BLVD., SUITE 1770, WEST PALM BEACH FL 33401
Deborah Ann Gero director 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Richard Ruben director C/O OAKTREE CAPITAL MANAGEMENT, L.P., 333 S. GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Armen Panossian officer: Chief Executive Officer 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Craig A Jacobson director C/O EXPEDIA, INC., 333 108TH AVENUE NE, BELLEVUE WA 98004
Melvin Carlisle officer: Chief Financial Officer C/O OAKTREE CAPITAL MANAGEMENT, L.P., 333 S. GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Bruce Zimmerman director C/O OAKTREE CAPITAL MANAGEMENT, L.P., 333 S. GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Marc Gamsin director 1999 AVENUE OF THE STARS, SUITE 2150, LOS ANGELES CA 90067
John Frank director C/O OAKTREE CAPITAL MANAGEMENT, 333 SOUTH GRAND 28TH FLOOR, LOS ANGELES CA 90071
Edgar Lee officer: See Remarks C/O OAKTREE CAPITAL MANAGEMENT, L.P., 333 SOUTH GRAND AVE, 28TH FLOOR, LOS ANGELES CA 90071

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