FS Specialty Lending FundFSSL +0.09%13 EV-to-OCF is 28.32 as of Jun. 26, 2026, which is 91% above its 10-year median of 14.83. GuruFocus rates FSSL with a GF Score™ of 13/100. The stock has 2 warning signs investors should review. Among 1,513 Asset Management companies, FS Specialty Lending Fund ranks worse than 83.15% on this metric.
The historical rank and industry rank for FS Specialty Lending Fund's EV-to-OCF or its related term are showing as below:
FSSL'
s EV-to-OCF Range Over the Past 10 Years
Min: 13.99 Med: 14.83 Max: 28.59
Current: 28.32
During the past 12 years, the highest EV-to-OCF of FS Specialty Lending Fund was 28.59. The lowest was 13.99. And the median was 14.83.
FSSL's EV-to-OCF is ranked worse than 83.15% of 1513
companies
in the Asset Management industry
Industry Median: 6.45
vs FSSL: 28.32
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
FS Specialty Lending Fund (NYSE:FSSL) EV-to-OCF Explanation
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
FS Specialty Lending Fund's PE Ratio (TTM) for today is calculated as:
FS Specialty Lending Fund's share price for today is $10.95.
FS Specialty Lending Fund's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.200.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
FS Specialty Lending Fund EV-to-OCF Related Terms
FS Specialty Lending Fund EV-to-OCF Historical Data
* 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.
For the Asset Management subindustry, FS Specialty Lending Fund's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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 EV-to-OCF vs Asset Management Industry
For the Asset Management industry and Financial Services sector, FS Specialty Lending Fund's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where FS Specialty Lending Fund's EV-to-OCF falls into.
FS Specialty Lending Fund's current Enterprise Value is $1,197.3 Mil.
FS Specialty Lending Fund's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was $42.3 Mil.
* 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 (FSSL) has a EV-to-OCF of 28.32 as of Jun. 26, 2026. This is 91% above median its historical median of 14.83. Over the past decade, FS Specialty Lending Fund's EV-to-OCF has ranged from 13.99 to 28.59. According to the industry distribution chart, FS Specialty Lending Fund ranks #1258 out of 1513 companies in the Asset Management industry, placing it in the top 83.1%.
Is FS Specialty Lending Fund's EV-to-OCF too high?
FS Specialty Lending Fund's current EV-to-OCF of 28.32 is 91% above median its 10-year median of 14.83. Over the past 10 years, this metric has ranged from a low of 13.99 to a high of 28.59. The Asset Management industry median EV-to-OCF is 6.45. FS Specialty Lending Fund's value of 28.32 is 339.1% above this industry median. Based on the distribution chart, FS Specialty Lending Fund ranks #1258 out of 1513 companies in the Asset Management industry, which is in the bottom quartile relative to peers. 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 EV-to-OCF compare to MFIC and AWF?
According to the Asset Management industry distribution chart, FS Specialty Lending Fund ranks #1258 out of 1513 companies for EV-to-OCF. This places FS Specialty Lending Fund in the lower half of its industry. The industry median EV-to-OCF is 6.45. FS Specialty Lending Fund's value of 28.32 is 339.1% above this benchmark. Historically, FS Specialty Lending Fund's own EV-to-OCF has ranged from 13.99 to 28.59 over the past decade. While the company's 10-year median is 14.83 vs. the industry median of 6.45, FS Specialty Lending Fund has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-OCF for an Asset Management company?
The median EV-to-OCF among Asset Management companies is 6.45, based on 1,513 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. FS Specialty Lending Fund's current EV-to-OCF of 28.32 is 339.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Asset Management industry, the median EV-to-OCF is 6.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FS Specialty Lending Fund's current EV-to-OCF is 28.32, which is 91% above median its own 10-year median of 14.83. 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 EV-to-OCF of 28.32. The current EV-to-OCF is 28.32, which is 91% above median its 10-year median of 14.83 and 339.1% above the Asset Management industry median of 6.45. 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 EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For FS Specialty Lending Fund (FSSL), the current EV-to-OCF is 28.32 as of Jun. 26, 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.
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.
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