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FS Specialty Lending FundFSSL -0.78%13 Price-to-Tangible-Book is 0.63 as of Aug. 14, 2026. GuruFocus rates FSSL with a GF Score™ of 13/100. The stock has 3 warning signs investors should review. Among 1,532 Asset Management companies, FS Specialty Lending Fund ranks better than 83.94% on this metric.
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
FS Specialty Lending Fund Price-to-Tangible-Book Related Terms
FS Specialty Lending Fund Price-to-Tangible-Book 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.
FS Specialty Lending Fund Price-to-Tangible-Book Chart
FSSL vs OXLC, STK, EOI: Price-to-Tangible-Book Comparison
For the Asset Management subindustry, FS Specialty Lending Fund's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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 Price-to-Tangible-Book vs Asset Management Industry
For the Asset Management industry and Financial Services sector, FS Specialty Lending Fund's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where FS Specialty Lending Fund's Price-to-Tangible-Book falls into.
* 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 PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
FS Specialty Lending Fund (FSSL) has a Price-to-Tangible-Book of 0.63 as of Aug. 14, 2026. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on FS Specialty Lending Fund and its competitors. According to the industry distribution chart, FS Specialty Lending Fund ranks #246 out of 1532 companies in the Asset Management industry, placing it in the top 16.1%.
Is FS Specialty Lending Fund's Price-to-Tangible-Book too high?
FS Specialty Lending Fund's current Price-to-Tangible-Book is 0.63. The Asset Management industry median Price-to-Tangible-Book is 0.96. FS Specialty Lending Fund's value of 0.63 is 34.4% below this industry median. Based on the distribution chart, FS Specialty Lending Fund ranks #246 out of 1532 companies in the Asset Management industry, which is in the top quartile — a strong position 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 Price-to-Tangible-Book compare to OXLC and STK?
According to the Asset Management industry distribution chart, FS Specialty Lending Fund ranks #246 out of 1532 companies for Price-to-Tangible-Book. This places FS Specialty Lending Fund in the top 16% of its industry — outperforming the majority of peers. The industry median Price-to-Tangible-Book is 0.96. FS Specialty Lending Fund's value of 0.63 is 34.4% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Price-to-Tangible-Book for an Asset Management company?
The median Price-to-Tangible-Book among Asset Management companies is 0.96, based on 1,532 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Tangible-Book significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Tangible-Book should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. FS Specialty Lending Fund's current Price-to-Tangible-Book of 0.63 is 34.4% below 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 Price-to-Tangible-Book mean?
A high Price-to-Tangible-Book can signal that a stock is expensive relative to its fundamentals. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on FS Specialty Lending Fund and its competitors. For the Asset Management industry, the median Price-to-Tangible-Book is 0.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FS Specialty Lending Fund's current Price-to-Tangible-Book is 0.63. 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 Price-to-Tangible-Book of 0.63. The current Price-to-Tangible-Book is 0.63 and 34.4% below the Asset Management industry median of 0.96. FS Specialty Lending Fund's overall GF Score™ is 13/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Tangible-Book calculated?
Price-to-Tangible-Book is calculated from a company's financial statements. For FS Specialty Lending Fund (FSSL), the current Price-to-Tangible-Book is 0.63 as of Aug. 14, 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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