FSSL (FS Specialty Lending Fund) E10: $0.00 (As of Dec. 2025)


FSSL FS Specialty Lending Fund FSSL
13 GF Score
Price $10.95
! 2 Warning Signs
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What is FS Specialty Lending Fund E10?

FS Specialty Lending Fund FSSL +0.09% 13 E10 is $0.00 as of Dec. 2025. GuruFocus rates FSSL with a GF Score™ of 13/100. The stock has 2 warning signs investors should review.

Note: As E10 is a main component used to calculate Shiller PE Ratio. If the month end stock price for this stock is zero, result may not be accurate due to the exchange rate between different shares and the data will not be stored into our database. Selected historical data showed in the calculation sectione below is only for demostration purpose.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

FS Specialty Lending Fund's adjusted earnings per share data for the three months ended in Dec. 2025 was $0.000. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.00 for the trailing ten years ended in Dec. 2025.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

As of today (2026-06-26), FS Specialty Lending Fund's current stock price is $10.95. FS Specialty Lending Fund's E10 for the quarter that ended in Dec. 2025 was $0.00. FS Specialty Lending Fund's Shiller PE Ratio of today is .


FS Specialty Lending Fund  (NYSE:FSSL) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


FS Specialty Lending Fund E10 Related Terms


FS Specialty Lending Fund E10 Historical Data

* Premium members only.

The historical data trend for FS Specialty Lending Fund's E10 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.

FS Specialty Lending Fund E10 Chart

FS Specialty Lending Fund Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

FS Specialty Lending Fund Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Dec25
E10 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 -1.10 -1.24 0.00

FSSL vs MFIC, AWF, RPC: E10 Comparison

For the Asset Management subindustry, FS Specialty Lending Fund's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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.


FS Specialty Lending Fund Shiller PE Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, FS Specialty Lending Fund's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where FS Specialty Lending Fund's Shiller PE Ratio falls into.


FSSL
13GF Score
FS Specialty Lending Fund FSSL
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
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FS Specialty Lending Fund E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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.

For example, FS Specialty Lending Fund's adjusted earnings per share data for the three months ended in Dec. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=0/324.0540*324.0540
=0.000

Current CPI (Dec. 2025) = 324.0540.

FS Specialty Lending Fund Quarterly Data

per share eps CPI Adj_EPS
201512 -6.060 236.525 -8.303
201603 -0.600 238.132 -0.816
201606 6.840 241.018 9.197
201609 2.100 241.428 2.819
201612 2.580 241.432 3.463
201703 0.840 243.801 1.117
201706 -2.040 244.955 -2.699
201709 0.960 246.819 1.260
201712 -1.320 246.524 -1.735
201803 -0.540 249.554 -0.701
201806 1.200 251.989 1.543
201809 1.200 252.439 1.540
201812 -2.700 251.233 -3.483
201903 1.500 254.202 1.912
201906 0.480 256.143 0.607
201909 -1.260 256.759 -1.590
201912 -1.140 256.974 -1.438
202003 -10.500 258.115 -13.182
202006 -1.440 257.797 -1.810
202009 -0.060 260.280 -0.075
202012 -0.003 260.474 -0.004
202103 1.920 264.877 2.349
202106 -0.300 271.696 -0.358
202109 0.840 274.310 0.992
202112 0.300 278.802 0.349
202203 2.520 287.504 2.840
202206 0.180 296.311 0.197
202209 -0.660 296.808 -0.721
202212 0.420 296.797 0.459
202303 -0.420 301.836 -0.451
202306 -0.300 305.109 -0.319
202309 -0.360 307.789 -0.379
202312 -0.480 306.746 -0.507
202403 0.240 312.332 0.249
202406 0.550 314.175 0.567
202409 0.180 315.301 0.185
202412 0.300 315.605 0.308
202503 0.480 319.799 0.486
202506 0.240 322.561 0.241
202512 0.000 324.054 0.000

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of $0.00 mean?
FS Specialty Lending Fund (FSSL) has a E10 of $0.00 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on FS Specialty Lending Fund and its competitors.
Is FS Specialty Lending Fund's E10 too high?
FS Specialty Lending Fund's current E10 is $0.00. Overall, FS Specialty Lending Fund has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does FS Specialty Lending Fund's E10 compare to MFIC and AWF?
FS Specialty Lending Fund's E10 of $0.00 can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for an Asset Management company?
A good E10 depends on the Asset Management industry context. However, E10 should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on FS Specialty Lending Fund and its competitors. FS Specialty Lending Fund's current E10 is $0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FS Specialty Lending Fund stock overvalued right now?
FS Specialty Lending Fund (FSSL) has a current E10 of $0.00. The current E10 is $0.00. FS Specialty Lending Fund's overall GF Score™ is 13/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For FS Specialty Lending Fund (FSSL), the current E10 is $0.00 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

FS Specialty Lending Fund Business Description

Address 3025 JFK Boulevard, OFC 500, Philadelphia, PA, USA, 19104
FS Specialty Lending Fund is a United States-based externally managed, non-diversified, closed-end management investment company. The company's investment objectives are to generate current income and, to a lesser extent, long-term capital appreciation by investing mainly in private and public credit in a broad set of industries, sectors, and sub-sectors. Its investment policy is to invest mainly in a portfolio of secured and unsecured floating and fixed-rate loans, bonds, and other types of credit instruments, which, under normal circumstances, will represent at least eighty percent of the Company's total assets.
13GF Score

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