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.
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.
Blackstone Secured Lending FundBXSL +1.39%51 PS Ratio is 11.07 as of Jul. 29, 2026, which is 23% above its 10-year median of 8.98. 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 1,414 Asset Management companies, Blackstone Secured Lending Fund ranks worse than 64.71% on this metric.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, Blackstone Secured Lending Fund's share price is $23.32.
Blackstone Secured Lending Fund's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was $2.11. Hence, Blackstone Secured Lending Fund's PS Ratio for today is 11.07.
Warning Sign:
Blackstone Secured Lending Fund stock PS Ratio (=10.92) is close to 5-year high of 11.84.
The historical rank and industry rank for Blackstone Secured Lending Fund's PS Ratio or its related term are showing as below:
BXSL'
s PS Ratio Range Over the Past 10 Years
Min: 6.42 Med: 8.98 Max: 11.84
Current: 11.08
During the past 8 years, Blackstone Secured Lending Fund's highest PS Ratio was 11.84. The lowest was 6.42. And the median was 8.98.
BXSL's PS Ratio is ranked worse than 64.71% of 1414
companies
in the Asset Management industry
Industry Median: 7.155
vs BXSL: 11.08
During the past 8 years, Blackstone Secured Lending Fund's highest 3-Year average Revenue per Share Growth Rate was 23.80% per year. The lowest was 3.60% per year. And the median was 9.20% per year.
Back to Basics: PS Ratio
Blackstone Secured Lending Fund (NYSE:BXSL) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
Blackstone Secured Lending Fund PS Ratio Related Terms
Blackstone Secured Lending Fund PS 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 PS Ratio, along with its competitors' market caps and PS 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 PS Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Blackstone Secured Lending Fund's PS Ratio distribution charts can be found below:
* The bar in red indicates where Blackstone Secured Lending Fund's PS Ratio falls into.
Blackstone Secured Lending Fund PS Ratio Calculation
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
Blackstone Secured Lending Fund's Share Price of today is $23.32. Blackstone Secured Lending Fund's Revenue per Share 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 $2.11.
* 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:
Blackstone Secured Lending Fund (BXSL) has a PS Ratio of 11.07 as of Jul. 29, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Blackstone Secured Lending Fund and its competitors. This is 23% above median its historical median of 8.98. Over the past decade, Blackstone Secured Lending Fund's PS Ratio has ranged from 6.42 to 11.84. According to the industry distribution chart, Blackstone Secured Lending Fund ranks #915 out of 1414 companies in the Asset Management industry, placing it in the top 64.7%.
Is Blackstone Secured Lending Fund's PS Ratio too high?
Blackstone Secured Lending Fund's current PS Ratio of 11.07 is 23% above median its 10-year median of 8.98. Over the past 10 years, this metric has ranged from a low of 6.42 to a high of 11.84. The Asset Management industry median PS Ratio is 7.16. Blackstone Secured Lending Fund's value of 11.07 is 54.7% above this industry median. Based on the distribution chart, Blackstone Secured Lending Fund ranks #915 out of 1414 companies in the Asset Management industry, which is below the industry midpoint. 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 PS Ratio compare to OBDC and MAIN?
According to the Asset Management industry distribution chart, Blackstone Secured Lending Fund ranks #915 out of 1414 companies for PS Ratio. This places Blackstone Secured Lending Fund in the lower half of its industry. The industry median PS Ratio is 7.16. Blackstone Secured Lending Fund's value of 11.07 is 54.7% above this benchmark. Historically, Blackstone Secured Lending Fund's own PS Ratio has ranged from 6.42 to 11.84 over the past decade. While the company's 10-year median is 8.98 vs. the industry median of 7.16, 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 PS Ratio for an Asset Management company?
The median PS Ratio among Asset Management companies is 7.16, based on 1,414 companies in the industry. Companies in the top quartile (top 25%) have a PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Blackstone Secured Lending Fund's current PS Ratio of 11.07 is 54.7% 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 PS Ratio mean?
A high PS Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Blackstone Secured Lending Fund and its competitors. For the Asset Management industry, the median PS Ratio is 7.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Blackstone Secured Lending Fund's current PS Ratio is 11.07, which is 23% above median its own 10-year median of 8.98. 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 PS Ratio is 11.07, which is 23% above median its 10-year median of 8.98 and 54.7% above the Asset Management industry median of 7.16. 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 PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For Blackstone Secured Lending Fund (BXSL), the current PS Ratio is 11.07 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:
PS Ratio: 11.07 (23% above median its 10-year median of 8.98)
GF Value™: $31.84 vs. price of $23.32 (26.8% below fair value)
Industry Position: 54.7% above the Asset Management median (#915 of 1414)
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
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
PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BXSL has been successfully added to your 
