Carlyle Secured Lending (CGBD) Price to Book (2021 - 2026)
Carlyle Secured Lending's Price to Book came in at 0.67 for Q2 2026, down 19.0% from 0.83 a year earlier and down 2.0% from the prior quarter.
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Analysis
Carlyle Secured Lending (CGBD) Price to Book (2021 - 2026) Analysis & Trends
For FY2025, Carlyle Secured Lending's Price to Book was 0.77, down 23.8% from FY2024.
- Going back by year, Price to Book was 1.01 in FY2024 (+21.1%), 0.83 in FY2023 (+4.5%), 0.80 in FY2022 (+3.6%) and 0.77 in FY2021 (+22.1%).
- The Q2 2026 figure represents the lowest quarterly Price to Book since Q3 2022.
- Year-over-year, Price to Book has declined for six consecutive quarters, with an average decline of 8.0% over the last eight quarters.
- The fastest year-over-year change in Price to Book over five years came in Q3 2023 (growth of 28.7%), and the weakest in Q4 2025 (a decline of 23.8%).
- Business Quant data shows CGBD's Price to Book at 0.69 (Q1 2026), 0.77 (Q4 2025) and 0.76 (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Rocket Companies | 43.26 Bn | 28.94 Bn | - |
| 2 | Orix | 42.40 Bn | 42.90 Bn | - |
| 3 | Royalty Pharma | 33.56 Bn | 33.47 Bn | - |
| 4 | Federal National Mortgage Association Fannie Mae | 24.47 Bn | 24.47 Bn | - |
| 5 | Affirm Holdings | 23.34 Bn | 17.03 Bn | - |
| 6 | Synchrony Financial | 23.06 Bn | -44.91 Bn | - |
| 7 | Royal Gold | 19.98 Bn | 19.21 Bn | 390.45 Mn |
| 8 | Annaly Capital Management | 14.18 Bn | 5.27 Bn | - |
| 9 | Ares Capital | 13.71 Bn | 11.15 Bn | - |
| 10 | Carlyle Secured Lending | 739.33 Mn | 464.47 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.67 |
| Mar 31, 2026 | 0.69 |
| Dec 31, 2025 | 0.77 |
| Sep 30, 2025 | 0.76 |
| Jun 30, 2025 | 0.83 |
| Mar 31, 2025 | 0.69 |
| Dec 31, 2024 | 1.01 |
| Sep 30, 2024 | 0.95 |
| Jun 30, 2024 | 0.99 |
| Mar 31, 2024 | 0.90 |
| Dec 31, 2023 | 0.83 |
| Sep 30, 2023 | 0.81 |
| Jun 30, 2023 | 0.82 |
| Mar 31, 2023 | 0.75 |
| Dec 31, 2022 | 0.80 |
| Sep 30, 2022 | 0.63 |
| Jun 30, 2022 | 0.71 |
| Mar 31, 2022 | 0.80 |
| Dec 31, 2021 | 0.77 |
| Sep 30, 2021 | 0.76 |
API Access
Carlyle Secured Lending Price to Book API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=price-to-book&ticker=CGBD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-book", "ticker": "CGBD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=price-to-book&ticker=CGBD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();