Sixth Street Specialty LendingTSLX -2.82%53 PB Ratio is 1.00 as of Jun. 26, 2026, which is 18% below its 10-year median of 1.22. 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. Among 1,604 Asset Management companies, Sixth Street Specialty Lending ranks worse than 59.23% on this metric.
Sixth Street Specialty Lending Inc stock PB Ratio (=1) is close to 5-year low of 1.
The historical rank and industry rank for Sixth Street Specialty Lending's PB Ratio or its related term are showing as below:
TSLX'
s PB Ratio Range Over the Past 10 Years
Min: 0.8 Med: 1.22 Max: 1.44
Current: 1
During the past 13 years, Sixth Street Specialty Lending's highest PB Ratio was 1.44. The lowest was 0.80. And the median was 1.22.
TSLX's PB Ratio is ranked worse than 59.23% of 1604
companies
in the Asset Management industry
Industry Median: 0.95
vs TSLX: 1.00
During the past 12 months, Sixth Street Specialty Lending's average Book Value Per Share Growth Rate was -4.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 1.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 0.10% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 1.00% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Sixth Street Specialty Lending was 67.00% per year. The lowest was -0.70% per year. And the median was 1.50% per year.
Back to Basics: PB Ratio
Sixth Street Specialty Lending (NYSE:TSLX) PB Ratio Explanation
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.
Sixth Street Specialty Lending PB Ratio Related Terms
Sixth Street Specialty Lending 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, Sixth Street Specialty Lending'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.
Sixth Street Specialty Lending PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Sixth Street Specialty Lending's PB Ratio distribution charts can be found below:
* The bar in red indicates where Sixth Street Specialty Lending's PB Ratio falls into.
Sixth Street Specialty Lending 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.
Sixth Street Specialty Lending (TSLX) has a PB Ratio of 1.00 as of Jun. 26, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Sixth Street Specialty Lending and its competitors. This is 18% below median its historical median of 1.22. Over the past decade, Sixth Street Specialty Lending's PB Ratio has ranged from 0.80 to 1.44. According to the industry distribution chart, Sixth Street Specialty Lending ranks #950 out of 1604 companies in the Asset Management industry, placing it in the top 59.2%.
Is Sixth Street Specialty Lending's PB Ratio too high?
Sixth Street Specialty Lending's current PB Ratio of 1.00 is 18% below median its 10-year median of 1.22. Over the past 10 years, this metric has ranged from a low of 0.80 to a high of 1.44. The Asset Management industry median PB Ratio is 0.95. Sixth Street Specialty Lending's value of 1.00 is 5.3% above this industry median. Based on the distribution chart, Sixth Street Specialty Lending ranks #950 out of 1604 companies in the Asset Management industry, which is below the industry midpoint. 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 PB Ratio compare to BDJ and BCAT?
According to the Asset Management industry distribution chart, Sixth Street Specialty Lending ranks #950 out of 1604 companies for PB Ratio. This places Sixth Street Specialty Lending in the lower half of its industry. The industry median PB Ratio is 0.95. Sixth Street Specialty Lending's value of 1.00 is 5.3% above this benchmark. Historically, Sixth Street Specialty Lending's own PB Ratio has ranged from 0.80 to 1.44 over the past decade. While the company's 10-year median is 1.22 vs. the industry median of 0.95, Sixth Street Specialty Lending 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 1,604 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. Sixth Street Specialty Lending's current PB Ratio of 1.00 is 5.3% 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 Sixth Street Specialty Lending 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. Sixth Street Specialty Lending's current PB Ratio is 1.00, which is 18% below median its own 10-year median of 1.22. 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 PB Ratio is 1.00, which is 18% below median its 10-year median of 1.22 and 5.3% above the Asset Management industry median of 0.95. 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 PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Sixth Street Specialty Lending (TSLX), the current PB Ratio is 1.00 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.
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:
PB Ratio: 1.00 (18% below median its 10-year median of 1.22)
GF Value™: $12.56 vs. price of $16.20 (29% above fair value)
Industry Position: 5.3% above the Asset Management median (#950 of 1604)
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
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
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