BXSL (Blackstone Secured Lending Fund) EV-to-FCF: -8.32 (As of Jul. 29, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BXSL Blackstone Secured Lending Fund BXSL
51 GF Score
Price $23.32
GF Value $31.84
Valuation Modestly Undervalued
! 9 Warning Signs
View Full Analysis

What is Blackstone Secured Lending Fund EV-to-FCF?

Blackstone Secured Lending Fund BXSL +1.39% 51 EV-to-FCF is -8.32 as of Jul. 29, 2026. GuruFocus rates BXSL with a GF Score™ of 51/100 and a GF Value™ of $31.84 (Modestly Undervalued). The stock has 9 warning signs investors should review. Among 939 Asset Management companies, Blackstone Secured Lending Fund ranks worse than 106496.17% on this metric.

EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Blackstone Secured Lending Fund's Enterprise Value is $5,276.2 Mil. Blackstone Secured Lending Fund's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $-634.1 Mil. Therefore, Blackstone Secured Lending Fund's EV-to-FCF for today is -8.32.

The historical rank and industry rank for Blackstone Secured Lending Fund's EV-to-FCF or its related term are showing as below:

BXSL' s EV-to-FCF Range Over the Past 10 Years
Min: -121.73   Med: -5.62   Max: 22.52
Current: -8.32

During the past 8 years, the highest EV-to-FCF of Blackstone Secured Lending Fund was 22.52. The lowest was -121.73. And the median was -5.62.

BXSL's EV-to-FCF is ranked worse than
100% of 939 companies
in the Asset Management industry
Industry Median: 14.44 vs BXSL: -8.32

EV-to-FCF 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.

As of today (2026-07-29), Blackstone Secured Lending Fund's stock price is $23.32. Blackstone Secured Lending Fund's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was $1.910. Therefore, Blackstone Secured Lending Fund's PE Ratio (TTM) for today is 12.21.


Blackstone Secured Lending Fund  (NYSE:BXSL) EV-to-FCF Explanation

EV-to-FCF 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.

Blackstone Secured Lending Fund's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=23.32/1.910
=12.21

Blackstone Secured Lending Fund's share price for today is $23.32.
Blackstone Secured Lending Fund's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.910.

* 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. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.


Blackstone Secured Lending Fund EV-to-FCF Related Terms


Blackstone Secured Lending Fund EV-to-FCF Historical Data

* Premium members only.

The historical data trend for Blackstone Secured Lending Fund's EV-to-FCF 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.

Blackstone Secured Lending Fund EV-to-FCF Chart

Blackstone Secured Lending Fund Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-FCF
Get a 7-Day Free Trial -2.91 13.35 21.56 -5.54 -30.30

Blackstone Secured Lending Fund Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EV-to-FCF 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 -8.12 -11.48 -11.92 -30.30 -20.79

BXSL vs OBDC, MAIN, HASI: EV-to-FCF Comparison

For the Asset Management subindustry, Blackstone Secured Lending Fund's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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.


Blackstone Secured Lending Fund EV-to-FCF vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Blackstone Secured Lending Fund's EV-to-FCF distribution charts can be found below:

* The bar in red indicates where Blackstone Secured Lending Fund's EV-to-FCF falls into.


BXSL
51GF Score
Blackstone Secured Lending Fund BXSL
EV-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Blackstone Secured Lending Fund EV-to-FCF Calculation

Blackstone Secured Lending Fund's EV-to-FCF for today is calculated as:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=5276.213/-634.064
=-8.32

Blackstone Secured Lending Fund's current Enterprise Value is $5,276.2 Mil.
Blackstone Secured Lending Fund's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-634.1 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.

Frequently Asked Questions Learn more about EV-to-FCF →
What does a EV-to-FCF of -8.32 mean?
Blackstone Secured Lending Fund (BXSL) has a EV-to-FCF of -8.32 as of Jul. 29, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Blackstone Secured Lending Fund and its competitors. According to the industry distribution chart, Blackstone Secured Lending Fund ranks #999999 out of 939 companies in the Asset Management industry.
Is Blackstone Secured Lending Fund's EV-to-FCF too high?
Blackstone Secured Lending Fund's current EV-to-FCF is -8.32. Based on the distribution chart, Blackstone Secured Lending Fund ranks #999999 out of 939 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Blackstone Secured Lending Fund has a GF Score™ of 51/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Blackstone Secured Lending Fund's EV-to-FCF compare to OBDC and MAIN?
According to the Asset Management industry distribution chart, Blackstone Secured Lending Fund ranks #999999 out of 939 companies for EV-to-FCF. This places Blackstone Secured Lending Fund in the lower half of its industry. The industry median EV-to-FCF is 14.44. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-FCF for an Asset Management company?
The median EV-to-FCF among Asset Management companies is 14.44, based on 939 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF 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 EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Blackstone Secured Lending Fund and its competitors. For the Asset Management industry, the median EV-to-FCF is 14.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Blackstone Secured Lending Fund's current EV-to-FCF is -8.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Blackstone Secured Lending Fund stock overvalued right now?
Based on GuruFocus' analysis, Blackstone Secured Lending Fund (BXSL) is currently considered Modestly Undervalued. The stock's GF Value™ is $31.84, compared to a current price of $23.32 — trading 26.8% below its estimated fair value. The current EV-to-FCF is -8.32. Blackstone Secured Lending Fund's overall GF Score™ is 51/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Blackstone Secured Lending Fund (BXSL), the current EV-to-FCF is -8.32 as of Jul. 29, 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 Blackstone Secured Lending Fund (BXSL) Overvalued in 2026?

Based on GuruFocus' analysis, Blackstone Secured Lending Fund stock appears to be undervalued. The current stock price of $23.32 is trading 26.8% below its estimated GF Value™ of $31.84. GuruFocus considers Blackstone Secured Lending Fund to be Modestly Undervalued.

Key valuation signals for BXSL:

  • EV-to-FCF: -8.32
  • GF Value™: $31.84 vs. price of $23.32 (26.8% below fair value)
  • GF Score™: 51/100 with 9 warning signs

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


Blackstone Secured Lending Fund Business Description

Other Exchanges GM8:Germany
Address 345 Park Avenue, 31st Floor, New York, NY, USA, 10154
Blackstone Secured Lending Fund is a non-diversified, closed-end management investment company. The investment objectives of the company are to generate current income and, to a lesser extent, long-term capital appreciation. The company seeks to achieve its investment objectives by investing in originated loans and other securities, including syndicated loans of private U.S. companies, typically in the form of first lien senior secured and unitranche loans, unsecured and subordinated loans, and other securities. The company operates as a single reportable segment and derives revenues from investing in originated loans and other securities, including broadly syndicated loans, of U.S. private companies.
51GF Score

Get the complete analysis for BXSL

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

$23.32
Price
$31.84
GF Value