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 5-Year Yield-on-Cost % is 13.22 as of Jul. 29, 2026, which is 36% above its 10-year median of 9.74. 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 1,113 Asset Management companies, Blackstone Secured Lending Fund ranks better than 84.82% on this metric.
The historical rank and industry rank for Blackstone Secured Lending Fund's 5-Year Yield-on-Cost % or its related term are showing as below:
BXSL'
s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 1.85 Med: 9.74 Max: 13.43
Current: 13.22
During the past 8 years, Blackstone Secured Lending Fund's highest Yield on Cost was 13.43. The lowest was 1.85. And the median was 9.74.
BXSL's 5-Year Yield-on-Cost % is ranked better than 84.82% of 1113
companies
in the Asset Management industry
Industry Median: 6.51
vs BXSL: 13.22
Blackstone Secured Lending Fund (NYSE:BXSL) 5-Year Yield-on-Cost % Explanation
Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.
Blackstone Secured Lending Fund 5-Year Yield-on-Cost % Related Terms
BXSL vs OBDC, MAIN, HASI: 5-Year Yield-on-Cost % Comparison
For the Asset Management subindustry, Blackstone Secured Lending Fund's 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % 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 5-Year Yield-on-Cost % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Blackstone Secured Lending Fund's 5-Year Yield-on-Cost % distribution charts can be found below:
* The bar in red indicates where Blackstone Secured Lending Fund's 5-Year Yield-on-Cost % falls into.
Blackstone Secured Lending Fund 5-Year Yield-on-Cost % Calculation
Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.
Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.
Blackstone Secured Lending Fund (BXSL) has a 5-Year Yield-on-Cost % of 13.22 as of Jul. 29, 2026. 5-Year Yield on Cost measures the expected yield based on a company's current yield and 5-year dividend growth. View historical data on Blackstone Secured Lending Fund and its competitors. This is 36% above median its historical median of 9.74. Over the past decade, Blackstone Secured Lending Fund's 5-Year Yield-on-Cost % has ranged from 1.85 to 13.43. According to the industry distribution chart, Blackstone Secured Lending Fund ranks #169 out of 1113 companies in the Asset Management industry, placing it in the top 15.2%.
Is Blackstone Secured Lending Fund's 5-Year Yield-on-Cost % too high?
Blackstone Secured Lending Fund's current 5-Year Yield-on-Cost % of 13.22 is 36% above median its 10-year median of 9.74. Over the past 10 years, this metric has ranged from a low of 1.85 to a high of 13.43. The Asset Management industry median 5-Year Yield-on-Cost % is 6.51. Blackstone Secured Lending Fund's value of 13.22 is 103.1% above this industry median. Based on the distribution chart, Blackstone Secured Lending Fund ranks #169 out of 1113 companies in the Asset Management industry, which is in the top quartile — a strong position 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 5-Year Yield-on-Cost % compare to OBDC and MAIN?
According to the Asset Management industry distribution chart, Blackstone Secured Lending Fund ranks #169 out of 1113 companies for 5-Year Yield-on-Cost %. This places Blackstone Secured Lending Fund in the top 15% of its industry — outperforming the majority of peers. The industry median 5-Year Yield-on-Cost % is 6.51. Blackstone Secured Lending Fund's value of 13.22 is 103.1% above this benchmark. Historically, Blackstone Secured Lending Fund's own 5-Year Yield-on-Cost % has ranged from 1.85 to 13.43 over the past decade. While the company's 10-year median is 9.74 vs. the industry median of 6.51, 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 5-Year Yield-on-Cost % for an Asset Management company?
The median 5-Year Yield-on-Cost % among Asset Management companies is 6.51, based on 1,113 companies in the industry. Companies in the top quartile (top 25%) have a 5-Year Yield-on-Cost % significantly above this median, while those in the bottom quartile fall well below. However, 5-Year Yield-on-Cost % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Blackstone Secured Lending Fund's current 5-Year Yield-on-Cost % of 13.22 is 103.1% 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 5-Year Yield-on-Cost % mean?
A high 5-Year Yield-on-Cost % can signal that a stock is expensive relative to its fundamentals. 5-Year Yield on Cost measures the expected yield based on a company's current yield and 5-year dividend growth. View historical data on Blackstone Secured Lending Fund and its competitors. For the Asset Management industry, the median 5-Year Yield-on-Cost % is 6.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Blackstone Secured Lending Fund's current 5-Year Yield-on-Cost % is 13.22, which is 36% above median its own 10-year median of 9.74. 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 5-Year Yield-on-Cost % is 13.22, which is 36% above median its 10-year median of 9.74 and 103.1% above the Asset Management industry median of 6.51. 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 5-Year Yield-on-Cost % calculated?
5-Year Yield-on-Cost % is calculated from a company's financial statements. For Blackstone Secured Lending Fund (BXSL), the current 5-Year Yield-on-Cost % is 13.22 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:
5-Year Yield-on-Cost %: 13.22 (36% above median its 10-year median of 9.74)
GF Value™: $31.84 vs. price of $23.32 (26.8% below fair value)
Industry Position: 103.1% above the Asset Management median (#169 of 1113)
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
5-Year Yield-on-Cost % 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 
