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Blackstone Secured Lending FundSTU:GM8 +1.24%60 PB Ratio is 0.96 as of Aug. 09, 2026, which is 9% below its 10-year median of 1.05. GuruFocus rates STU:GM8 with a GF Score™ of 60/100 and a GF Value™ of €11.21 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 1,598 Asset Management companies, Blackstone Secured Lending Fund ranks worse than 50.44% on this metric.
Blackstone Secured Lending Fund stock PB Ratio (=0.96) is close to 5-year low of 0.87.
The historical rank and industry rank for Blackstone Secured Lending Fund's PB Ratio or its related term are showing as below:
STU:GM8'
s PB Ratio Range Over the Past 10 Years
Min: 0.87 Med: 1.05 Max: 1.52
Current: 0.96
During the past 8 years, Blackstone Secured Lending Fund's highest PB Ratio was 1.52. The lowest was 0.87. And the median was 1.05.
STU:GM8's PB Ratio is ranked worse than 50.44% of 1598
companies
in the Asset Management industry
Industry Median: 0.95
vs STU:GM8: 0.96
During the past 12 months, Blackstone Secured Lending Fund's average Book Value Per Share Growth Rate was -6.60% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 1.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 5.20% per year.
During the past 8 years, the highest 3-Year average Book Value Per Share Growth Rate of Blackstone Secured Lending Fund was 165.10% per year. The lowest was 1.30% per year. And the median was 11.00% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Blackstone Secured Lending Fund PB Ratio Related Terms
Blackstone Secured Lending Fund PB Ratio 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, Blackstone Secured Lending Fund's PB Ratio, along with its competitors' market caps and PB 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.
Blackstone Secured Lending Fund PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Blackstone Secured Lending Fund's PB Ratio distribution charts can be found below:
* The bar in red indicates where Blackstone Secured Lending Fund's PB Ratio falls into.
Blackstone Secured Lending Fund PB Ratio Calculation
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Blackstone Secured Lending Fund (STU:GM8) has a PB Ratio of 0.96 as of Aug. 09, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Blackstone Secured Lending Fund and its competitors. This is near median its historical median of 1.05. Over the past decade, Blackstone Secured Lending Fund's PB Ratio has ranged from 0.87 to 1.52. According to the industry distribution chart, Blackstone Secured Lending Fund ranks #806 out of 1598 companies in the Asset Management industry, placing it in the top 50.4%.
Is Blackstone Secured Lending Fund's PB Ratio too high?
Blackstone Secured Lending Fund's current PB Ratio of 0.96 is near median its 10-year median of 1.05. Over the past 10 years, this metric has ranged from a low of 0.87 to a high of 1.52. The Asset Management industry median PB Ratio is 0.95. Blackstone Secured Lending Fund's value of 0.96 is 1.1% above this industry median. Based on the distribution chart, Blackstone Secured Lending Fund ranks #806 out of 1598 companies in the Asset Management industry, which is below the industry midpoint. Overall, Blackstone Secured Lending Fund has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Blackstone Secured Lending Fund's PB Ratio compare to OBDC and MAIN?
According to the Asset Management industry distribution chart, Blackstone Secured Lending Fund ranks #806 out of 1598 companies for PB Ratio. This places Blackstone Secured Lending Fund in the lower half of its industry. The industry median PB Ratio is 0.95. Blackstone Secured Lending Fund's value of 0.96 is 1.1% above this benchmark. Historically, Blackstone Secured Lending Fund's own PB Ratio has ranged from 0.87 to 1.52 over the past decade. While the company's 10-year median is 1.05 vs. the industry median of 0.95, Blackstone Secured 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 PB Ratio for an Asset Management company?
The median PB Ratio among Asset Management companies is 0.95, based on 1,598 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Blackstone Secured Lending Fund's current PB Ratio of 0.96 is 1.1% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Blackstone Secured Lending Fund and its competitors. For the Asset Management industry, the median PB Ratio is 0.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Blackstone Secured Lending Fund's current PB Ratio is 0.96, which is near median its own 10-year median of 1.05. 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 (STU:GM8) is currently considered Significantly Overvalued. The stock's GF Value™ is €11.21, compared to a current price of €21.19 — trading 89% above its estimated fair value. The current PB Ratio is 0.96, which is near median its 10-year median of 1.05 and 1.1% above the Asset Management industry median of 0.95. Blackstone Secured Lending Fund's overall GF Score™ is 60/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Blackstone Secured Lending Fund (STU:GM8), the current PB Ratio is 0.96 as of Aug. 09, 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 (STU:GM8) Overvalued in 2026?
Based on GuruFocus' analysis, Blackstone Secured Lending Fund stock appears to be overvalued.
The current stock price of €21.19 is trading 89% above its estimated GF Value™ of €11.21.
GuruFocus considers Blackstone Secured Lending Fund to be Significantly Overvalued.
Key valuation signals for STU:GM8:
PB Ratio: 0.96 (near median its 10-year median of 1.05)
GF Value™: €11.21 vs. price of €21.19 (89% above fair value)
Industry Position: 1.1% above the Asset Management median (#806 of 1598)
No single metric tells the full story. See the STU:GM8 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
60GF Score
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