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Carlyle Secured Lending (Carlyle Secured Lending) Cyclically Adjusted PB Ratio : 0.95 (As of Jun. 10, 2024)


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What is Carlyle Secured Lending Cyclically Adjusted PB Ratio?

As of today (2024-06-10), Carlyle Secured Lending's current share price is $17.99. Carlyle Secured Lending's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $19.03. Carlyle Secured Lending's Cyclically Adjusted PB Ratio for today is 0.95.

The historical rank and industry rank for Carlyle Secured Lending's Cyclically Adjusted PB Ratio or its related term are showing as below:

CGBD' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.73   Med: 0.84   Max: 0.95
Current: 0.95

During the past years, Carlyle Secured Lending's highest Cyclically Adjusted PB Ratio was 0.95. The lowest was 0.73. And the median was 0.84.

CGBD's Cyclically Adjusted PB Ratio is ranked worse than
61.58% of 950 companies
in the Asset Management industry
Industry Median: 0.8 vs CGBD: 0.95

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Carlyle Secured Lending's adjusted book value per share data for the three months ended in Mar. 2024 was $17.065. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $19.03 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Carlyle Secured Lending Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Carlyle Secured Lending's Cyclically Adjusted PB Ratio can be seen below:

* 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.

* Premium members only.

Carlyle Secured Lending Cyclically Adjusted PB Ratio Chart

Carlyle Secured Lending Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 0.84 0.81

Carlyle Secured Lending Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.79 0.81 0.79 0.81 0.86

Competitive Comparison of Carlyle Secured Lending's Cyclically Adjusted PB Ratio

For the Asset Management subindustry, Carlyle Secured Lending's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB 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.


Carlyle Secured Lending's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Carlyle Secured Lending's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Carlyle Secured Lending's Cyclically Adjusted PB Ratio falls into.



Carlyle Secured Lending Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Carlyle Secured Lending's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=17.99/19.03
=0.95

* 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.

Carlyle Secured Lending's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Carlyle Secured Lending's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=17.065/131.7762*131.7762
=17.065

Current CPI (Mar. 2024) = 131.7762.

Carlyle Secured Lending Quarterly Data

Book Value per Share CPI Adj_Book
201406 7.388 100.560 9.681
201409 7.614 100.428 9.991
201412 9.832 99.070 13.078
201503 11.721 99.621 15.504
201506 14.843 100.684 19.427
201509 15.426 100.392 20.249
201512 16.618 99.792 21.944
201603 17.113 100.470 22.445
201606 19.124 101.688 24.783
201609 21.255 101.861 27.497
201612 12.534 101.863 16.215
201703 12.520 102.862 16.039
201706 18.137 103.349 23.126
201709 18.176 104.136 23.000
201712 18.122 104.011 22.960
201803 18.090 105.290 22.641
201806 17.929 106.317 22.222
201809 17.656 106.507 21.845
201812 17.085 105.998 21.240
201903 17.303 107.251 21.260
201906 17.058 108.070 20.800
201909 16.583 108.329 20.172
201912 16.558 108.420 20.125
202003 14.181 108.902 17.160
202006 14.799 108.767 17.930
202009 15.011 109.815 18.013
202012 15.390 109.897 18.454
202103 15.700 111.754 18.513
202106 16.138 114.631 18.552
202109 16.651 115.734 18.959
202112 16.913 117.630 18.947
202203 17.105 121.301 18.582
202206 16.808 125.017 17.717
202209 17.158 125.227 18.055
202212 16.988 125.222 17.877
202303 17.092 127.348 17.686
202306 16.728 128.729 17.124
202309 16.861 129.860 17.110
202312 16.986 129.419 17.295
202403 17.065 131.776 17.065

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Carlyle Secured Lending  (NAS:CGBD) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Carlyle Secured Lending Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Carlyle Secured Lending's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Carlyle Secured Lending (Carlyle Secured Lending) Business Description

Traded in Other Exchanges
Address
One Vanderbilt Avenue, Suite 3400, New York, NY, USA, 10017
Carlyle Secured Lending Inc focuses on providing directly originated, financing solutions across the capital structure, with a focus on senior secured lending to middle-market companies primarily located in the United States. The company's investment objective is to generate current income and capital appreciation primarily through debt investments in U.S. middle-market companies.
Executives
Alexander Popov officer: VP and Head of Illiquid Credit ONE VANDERBILT AVE, SUITE 3400, NEW YORK NY 10017
Aren C. Leekong director C/O THE CARLYLE GROUP, ONE VANBERBILT AVENUE, SUITE 3400, NEW YORK NY 10017
Thomas M Hennigan officer: CFO C/O THE CARLYLE GROUP, 520 MADISON AVENUE, 40TH FLOOR, NEW YORK NY 10022
Nelson Joseph officer: PAO ONE VANDERBILT AVENUE, SUITE 3400, NEW YORK NY 10017
Michael Hadley officer: VP and Head of Underwriting ONE VANDERBILT AVE, SUITE 3400, NEW YORK NY 10017
Desiree Annunziato officer: Treasurer & PAO ONE VANDERBILT AVENUE, SUITE 3400, NEW YORK NY 10017
Mark David Jenkins director C/O THE CARLYLE GROUP, 520 MADISON AVE, 38TH FLOOR, NEW YORK NY 10022
John G. Nestor director C/O ESSEX RENTAL CORP., 1110 LAKE COOK ROAD, SUITE 220, BUFFALO GROVE IL 60089
Jonathan Pearl officer: VP & Head of Sponsor Coverage ONE VANDERBILT AVE, SUITE 3400, NEW YORK NY 10017
Taylor Boswell officer: Chief Investment Officer C/O THE CARLYLE GROUP, 520 MADISON AVE, 40TH FLOOR, NEW YORK NY 10022
Leslie E Bradford director C/O THE CARLYLE GROUP, 520 MADISON AVENUE, 40TH FLOOR, NEW YORK NY 10022
Linda Pace officer: President C/O THE CARLYLE GROUP, 520 MADISON AVENU, 40TH FLOOR, NEW YORK NY 10022
Wright William H Ii director C/O VIRTUS INVESTMENT PARTNERS, 100 PEARL STREET, HARTFORD CT 06103
Peter Gaunt officer: Treasurer & PAO C/O THE CARLYLE GROUP, 520 MADISON AVE, 41ST FLOOR, NEW YORK NY 10022
Michele Reing officer: Treasurer C/O THE CARLYLE GROUP, 520 MADISON AVE, FLOOR 38, NEW YORK NY 10022

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