Blackstone Secured Lending Fund (BXSL) Price to Book (2021 - 2026)
Blackstone Secured Lending Fund's (BXSL) quarterly Price to Book came in at 0.93 in Q2 2026, down 17.43% on a YoY basis from 1.12 in Q2 2025, and up 2.96% quarter-over-quarter from 0.9 in Q1 2026.
Analysis
Blackstone Secured Lending Fund (BXSL) Price to Book (2021 - 2026) Analysis & Trends
Blackstone Secured Lending Fund (BXSL) has reported Price to Book for 6 consecutive years, with 0.93 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Price to Book fell 17.43% year-over-year to 0.93; the trailing twelve-month figure through Jun 2026 stood at 0.93 (down 17.43% YoY), and the FY2025 full-year result was 0.98, down 17.11% from the prior year.
- Price to Book rose to 0.93 in Q2 2026 per BXSL's latest filing, from 0.9 in the prior quarter.
- Across five years, Price to Book topped out at 1.18 in Q1 2025 and bottomed at 0.86 in Q4 2022.
- Historically, Price to Book has averaged 1.02 across 5 years, with a median of 1.03 in 2023.
- The sharpest annual moves came in 2022 and 2024: Price to Book plunged 33.41% in 2022, then advanced 21.36% in 2024.
- Over 5 years, Price to Book stood at 0.86 in 2022, then advanced by 20.33% to 1.04 in 2023, then advanced by 13.78% to 1.18 in 2024, then fell by 17.11% to 0.98 in 2025, then fell by 5.03% to 0.93 in 2026.
- According to Business Quant data, Price to Book over the past three periods registered 0.93, 0.9, and 0.98 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Ares Capital | 14.12 Bn | 13.73 Bn | - |
| 2 | Blackstone Secured Lending Fund | 5.69 Bn | 5.42 Bn | - |
| 3 | Blue Owl Capital | 5.52 Bn | 5.28 Bn | - |
| 4 | Main Street Capital | 5.26 Bn | 5.20 Bn | - |
| 5 | Blue Owl Technology Finance | 5.05 Bn | 4.84 Bn | - |
| 6 | Hercules Capital | 4.64 Bn | 4.59 Bn | - |
| 7 | FS KKR Capital | 3.37 Bn | 3.27 Bn | - |
| 8 | Golub Capital Bdc | 3.34 Bn | 3.30 Bn | - |
| 9 | PennantPark Floating Rate Capital | 2.48 Bn | -129.09 Mn | - |
| 10 | MidCap Financial Investment | 2.07 Bn | 2.03 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.93 |
| Mar 31, 2026 | 0.90 |
| Dec 31, 2025 | 0.98 |
| Sep 30, 2025 | 0.96 |
| Jun 30, 2025 | 1.12 |
| Mar 31, 2025 | 1.18 |
| Dec 31, 2024 | 1.18 |
| Sep 30, 2024 | 1.07 |
| Jun 30, 2024 | 1.13 |
| Mar 31, 2024 | 1.16 |
| Dec 31, 2023 | 1.04 |
| Sep 30, 2023 | 1.03 |
| Jun 30, 2023 | 1.04 |
| Mar 31, 2023 | 0.96 |
| Dec 31, 2022 | 0.86 |
| Sep 30, 2022 | 0.88 |
| Jun 30, 2022 | 0.91 |
| Mar 31, 2022 | 1.07 |
| Dec 31, 2021 | 1.29 |