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Oaktree Specialty Lending E10

: $0.43 (As of Sep. 2021)
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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.

Oaktree Specialty Lending's adjusted earnings per share data for the three months ended in Sep. 2021 was $0.200. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.43 for the trailing ten years ended in Sep. 2021.

As of today (2021-11-30), Oaktree Specialty Lending's current stock price is $7.36. Oaktree Specialty Lending's E10 for the quarter that ended in Sep. 2021 was $0.43. Oaktree Specialty Lending's Shiller PE Ratio of today is 17.12.

During the past 13 years, the highest Shiller PE Ratio of Oaktree Specialty Lending was 20.33. The lowest was 7.61. And the median was 15.33.


Oaktree Specialty Lending E10 Historical Data

The historical data trend for Oaktree Specialty Lending'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.

* Premium members only.

Oaktree Specialty Lending Annual Data
Trend Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21
E10
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.27 0.28 0.35 0.32 0.43

Oaktree Specialty Lending Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
E10 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 Premium Member Only Premium Member Only Premium Member Only 0.32 0.33 0.36 0.36 0.43

Competitive Comparison

For the Credit Services subindustry, Oaktree Specialty Lending's E10, along with its competitors' market caps and E10 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 E10 Distribution

For the Credit Services industry and Financial Services sector, Oaktree Specialty Lending's E10 distribution charts can be found below:

* The bar in red indicates where Oaktree Specialty Lending's E10 falls into.



Oaktree Specialty Lending 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, Oaktree Specialty Lending's adjusted earnings per share data for the three months ended in Sep. 2021 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2021 (Change)*Current CPI (Sep. 2021)
=0.2/115.7343*115.7343
=0.200

Current CPI (Sep. 2021) = 115.7343.

Oaktree Specialty Lending Quarterly Data

per share eps CPI Adj_EPS
201112 0.130 95.213 0.158
201203 0.240 96.783 0.287
201206 0.260 96.819 0.311
201209 0.330 97.633 0.391
201212 0.190 96.871 0.227
201303 0.290 98.209 0.342
201306 0.220 98.518 0.258
201309 0.200 98.790 0.234
201312 0.240 98.326 0.282
201403 0.210 99.695 0.244
201406 0.150 100.560 0.173
201409 0.190 100.428 0.219
201412 -0.190 99.070 -0.222
201503 0.170 99.621 0.197
201506 0.130 100.684 0.149
201509 -0.020 100.392 -0.023
201512 -0.420 99.792 -0.487
201603 0.030 100.470 0.035
201606 -0.040 101.688 -0.046
201609 -0.020 101.861 -0.023
201612 -0.520 101.863 -0.591
201703 0.060 102.862 0.068
201706 -0.040 103.349 -0.045
201709 -0.890 104.136 -0.989
201712 -0.220 104.011 -0.245
201803 0.140 105.290 0.154
201806 0.170 106.317 0.185
201809 0.240 106.507 0.261
201812 0.200 105.998 0.218
201903 0.460 107.251 0.496
201906 0.140 108.070 0.150
201909 0.100 108.329 0.107
201912 0.100 108.420 0.107
202003 -1.170 108.902 -1.243
202006 0.850 108.767 0.904
202009 0.500 109.815 0.527
202012 0.460 109.897 0.484
202103 0.600 111.754 0.621
202106 0.260 114.631 0.263
202109 0.200 115.734 0.200

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


Oaktree Specialty Lending  (NAS:OCSL) 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.

Oaktree Specialty Lending's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=7.36/0.43
=17.12

* 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.

During the past 13 years, the highest Shiller P/E Ratio of Oaktree Specialty Lending was 20.33. The lowest was 7.61. And the median was 15.33.


Be Aware

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


Oaktree Specialty Lending E10 Related Terms

Thank you for viewing the detailed overview of Oaktree Specialty Lending's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


Oaktree Specialty Lending Business Description

Oaktree Specialty Lending logo
Industry
Financial Services » Credit Services NAICS : 522390 SIC : 6162
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
Gero Deborah Ann director 333 SOUTH GRAND AVENUE 28TH FLOOR LOS ANGELES CA 90071
Ruben Richard director C/O OAKTREE CAPITAL MANAGEMENT, L.P. 333 S. GRAND AVENUE, 28TH FLOOR LOS ANGELES CA 90071
Tannenbaum Leonard M 10 percent owner 10 BANK STREET, 12TH FLOOR WHITE PLAINS NY 10606
Panossian Armen officer: Chief Executive Officer 333 SOUTH GRAND AVENUE 28TH FLOOR LOS ANGELES CA 90071
Jacobson Craig A director C/O EXPEDIA, INC. 333 108TH AVENUE NE BELLEVUE WA 98004
Pendo Mathew officer: President and COO C/O OAKTREE CAPITAL MANAGEMENT, L.P. 333 S. GRAND AVENUE, 28TH FLOOR LOS ANGELES CA 90071
Carlisle Melvin officer: CFO & Treasurer C/O OAKTREE CAPITAL MANAGEMENT, L.P. 333 S. GRAND AVENUE, 28TH FLOOR LOS ANGELES CA 90071
Zimmerman Bruce director C/O OAKTREE CAPITAL MANAGEMENT, L.P. 333 S. GRAND AVENUE, 28TH FLOOR LOS ANGELES CA 90071
Gamsin Marc director 1999 AVENUE OF THE STARS SUITE 2150 LOS ANGELES CA 90067
Frank John director C/O OAKTREE CAPITAL MANAGEMENT 333 SOUTH GRAND 28TH FLOOR LOS ANGELES CA 90071
Lee Edgar officer: See Remarks C/O OAKTREE CAPITAL MANAGEMENT, L.P. 333 SOUTH GRAND AVE, 28TH FLOOR LOS ANGELES CA 90071
Oaktree Holdings, Inc. 10 percent owner 333 SOUTH GRAND AVENUE 28TH FLOOR LOS ANGELES CA 90071
Oaktree Capital Management Lp 10 percent owner 333 S GRAND AVE 28TH FL LOS ANGELES CA 90071
Oaktree Capital Group, Llc 10 percent owner 333 SOUTH GRAND AVENUE 28TH FLOOR LOS ANGELES CA 90071
Oaktree Capital Group Holdings Gp, Llc 10 percent owner 333 SOUTH GRAND AVENUE 28TH FLOOR LOS ANGELES CA 90071

Oaktree Specialty Lending Headlines

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