TSLX (Sixth Street Specialty Lending) E10: $2.54 (As of Mar. 2026)


TSLX Sixth Street Specialty Lending Inc TSLX
53 GF Score
Price $16.20
GF Value $12.56
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Sixth Street Specialty Lending E10?

Sixth Street Specialty Lending TSLX -2.82% 53 E10 is $2.54 as of Mar. 2026. GuruFocus rates TSLX with a GF Score™ of 53/100 and a GF Value™ of $12.56 (Modestly Overvalued). The stock has 6 warning signs investors should review.

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.

Sixth Street Specialty Lending's adjusted earnings per share data for the three months ended in Mar. 2026 was $-0.270. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $2.54 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Sixth Street Specialty Lending's average E10 Growth Rate was 2.00% per year. During the past 3 years, the average E10 Growth Rate was 3.30% per year. 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.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Sixth Street Specialty Lending was 4.20% per year. The lowest was 3.30% per year. And the median was 3.75% per year.

As of today (2026-06-25), Sixth Street Specialty Lending's current stock price is $16.20. Sixth Street Specialty Lending's E10 for the quarter that ended in Mar. 2026 was $2.54. Sixth Street Specialty Lending's Shiller PE Ratio of today is 6.38.

During the past 13 years, the highest Shiller PE Ratio of Sixth Street Specialty Lending was 11.32. The lowest was 6.32. And the median was 8.54.


Sixth Street Specialty Lending  (NYSE:TSLX) 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.

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

Shiller PE Ratio=Share Price/E10
=16.20/2.54
=6.38

* 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 Sixth Street Specialty Lending was 11.32. The lowest was 6.32. And the median was 8.54.


Be Aware

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


Sixth Street Specialty Lending E10 Related Terms


Sixth Street Specialty Lending E10 Historical Data

* Premium members only.

The historical data trend for Sixth Street 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.

Sixth Street Specialty Lending E10 Chart

Sixth Street Specialty Lending 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 2.19 2.32 2.43 2.48 2.56

Sixth Street Specialty Lending Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 2.49 2.49 2.53 2.56 2.54

TSLX vs BDJ, BCAT, DXYZ: E10 Comparison

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


Sixth Street Specialty Lending Shiller PE Ratio vs Asset Management Industry

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

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


TSLX
53GF Score
Sixth Street Specialty Lending Inc TSLX
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sixth Street 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, Sixth Street Specialty Lending's adjusted earnings per share data for the three months ended in Mar. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=-0.27/330.2130*330.2130
=-0.270

Current CPI (Mar. 2026) = 330.2130.

Sixth Street Specialty Lending Quarterly Data

per share eps CPI Adj_EPS
201606 0.840 241.018 1.151
201609 0.620 241.428 0.848
201612 0.550 241.432 0.752
201703 0.470 243.801 0.637
201706 0.530 244.955 0.714
201709 0.410 246.819 0.549
201712 0.440 246.524 0.589
201803 0.560 249.554 0.741
201806 0.520 251.989 0.681
201809 0.570 252.439 0.746
201812 0.210 251.233 0.276
201903 0.590 254.202 0.766
201906 0.720 256.143 0.928
201909 0.460 256.759 0.592
201912 0.570 256.974 0.732
202003 -0.800 258.115 -1.023
202006 1.430 257.797 1.832
202009 1.210 260.280 1.535
202012 0.790 260.474 1.002
202103 0.750 264.877 0.935
202106 0.740 271.696 0.899
202109 0.700 274.310 0.843
202112 0.560 278.802 0.663
202203 0.510 287.504 0.586
202206 -0.180 296.311 -0.201
202209 0.430 296.808 0.478
202212 0.580 296.797 0.645
202303 0.650 301.836 0.711
202306 0.630 305.109 0.682
202309 0.740 307.789 0.794
202312 0.580 306.746 0.624
202403 0.530 312.332 0.560
202406 0.510 314.175 0.536
202409 0.440 315.301 0.461
202412 0.550 315.605 0.575
202503 0.390 319.799 0.403
202506 0.630 322.561 0.645
202509 0.470 324.800 0.478
202512 0.310 324.054 0.316
202603 -0.270 330.213 -0.270

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 $2.54 mean?
Sixth Street Specialty Lending (TSLX) has a E10 of $2.54 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Sixth Street Specialty Lending and its competitors.
Is Sixth Street Specialty Lending's E10 too high?
Sixth Street Specialty Lending's current E10 is $2.54. Overall, Sixth Street Specialty Lending has a GF Score™ of 53/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sixth Street Specialty Lending's E10 compare to BDJ and BCAT?
Sixth Street Specialty Lending's E10 of $2.54 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 Sixth Street Specialty Lending and its competitors. Sixth Street Specialty Lending's current E10 is $2.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sixth Street Specialty Lending stock overvalued right now?
Based on GuruFocus' analysis, Sixth Street Specialty Lending (TSLX) is currently considered Modestly Overvalued. The stock's GF Value™ is $12.56, compared to a current price of $16.20 — trading 29% above its estimated fair value. The current E10 is $2.54. Sixth Street Specialty Lending's overall GF Score™ is 53/100 with 6 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 Sixth Street Specialty Lending (TSLX), the current E10 is $2.54 as of Mar. 2026. 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.

Is Sixth Street Specialty Lending (TSLX) Overvalued in 2026?

Based on GuruFocus' analysis, Sixth Street Specialty Lending stock appears to be overvalued. The current stock price of $16.20 is trading 29% above its estimated GF Value™ of $12.56. GuruFocus considers Sixth Street Specialty Lending to be Modestly Overvalued.

Key valuation signals for TSLX:

  • E10: $2.54
  • GF Value™: $12.56 vs. price of $16.20 (29% above fair value)
  • GF Score™: 53/100 with 6 warning signs

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


Sixth Street Specialty Lending Business Description

Other Exchanges 1T6:Germany
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. The company partners with other companies across a variety of industries and provides creative solutions with complex business models that may have limited access to capital. The company seeks to generate current income in U.S.-domiciled middle-market companies through direct originations of senior secured loans and, to a lesser extent, originations of mezzanine and unsecured loans and investments in corporate bonds and equity securities.
53GF Score

Get the complete analysis for TSLX

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$16.20
Price
$12.56
GF Value