Blackstone Secured Lending Fund (BXSL) Fair Value & Analysis
Financial Services · US · Market cap $5.5B
Blackstone Secured Lending Fund
BXSL · US
Fair value as of: Jun 26, 2026
From 16 valuation models · updated 7 days ago
Share price +0.1% over the past month.
Price vs Fair Value (12 months)
12‑month range $22.93 – $29.96 · fair‑value band $28.19 – $46.98 · the $23.96 price screens below the $37.58 fair value. As of Jun 26, 2026.
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Blackstone Secured Lending Fund (BXSL) currently trades at $23.96, while our model-based Fair Value estimate is $37.58 — implying the stock looks roughly 56.8% undervalued today. We read business quality at 45/100 (below-average quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.
Over the trailing twelve months, Blackstone Secured Lending Fund generated revenue of $1.4B at a net margin of 31.7%. Revenue declined 9.0% year over year. It earns a return on equity of 7.1%. Net debt stands at $7.8B. Fundamentals as of Jun 26, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.
About the company
Blackstone Secured Lending Fund is business development company and a Delaware statutory trust formed on March 26, 2018, and structured as an externally managed, non-diversified closed-end investment Fund. On October 26, 2018, the fund elected to be regulated as a business development company ("BDC") under the Investment Company Act of 1940, as amended (the "1940 Act"). In addition, the Fund elected to be treated for U.S. federal income tax purposes, as a regulated investment company ("RIC"), as defined under Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code"). The fund also intends to continue to comply with the requirements prescribed by the Code in order to maintain tax treatment as a RIC. The fund's investment objectives are to generate current income and, to a lesser extent, long-term capital appreciation. The Fund seeks to achieve its investment objective primarily through originated loans, equity and other securities, including syndicated loans, of …
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Blackstone Secured Lending Fund reported revenue of $1.3B in FY2025 versus $473M in FY2021, a compound +27.9%/yr. Reported net income was $563M in FY2025, compounding +5.2%/yr from FY2021.
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Recent news
- Phil Tseng to leave BlackRock TCP Capital CEO post - Bloomberg
- Blackstone Secured Lending Fund (BXSL) Stock Fair Value Moves Lower After Analyst Target Cuts
- Deep Discounts, High Yields: 4 BDCs Paying Up to 13%
- Interest from PIK loans at BDCs dips amid concerns over credit quality, AI disruption
External third-party headlines (Yahoo Finance, Reuters and others) — not an editorial selection, not financial advice.
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6 more Asset Management stocks, each showing price versus our Fair Value estimate (as of Jun 26, 2026).
| Stock | Price | Fair Value | vs Fair Value |
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| Fondul Proprietatea SA FP | $0.0420 | $0.0800 | +90% |
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| BH Macro Limited BHMU | $4.42 | $8.84 | +100% |
| Blackstone Inc BX | $123.26 | $52.88 | -57% |
| Investor AB IVSBF | $40.08 | $80.15 | +100% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.