Oaktree Specialty Lending Corporation (OCSL) P/E Ratio History
UndervaluedTrading at 31.2x vs 5Y avg 48.5x · 70th percentile · Below historical baseline · Data 2009–2026
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P/E Ratio Analysis
As of September 24, 2026, Oaktree Specialty Lending Corporation (OCSL) trades at a price-to-earnings ratio of 31.2x, with a stock price of $12.16 and trailing twelve-month earnings per share of $0.48.
The current P/E is 36% below its 5-year average of 48.5x. Over the past five years, OCSL's P/E has ranged from a low of 4.6x to a high of 343.5x, placing the current valuation at the 70th percentile of its historical range.
Compared to the Financial Services sector median P/E of 13.9x, OCSL trades at a 124% premium to its sector peers. The sector includes 804 companies with P/E ratios ranging from 0.0x to 157.5x.
Relative to the broader market, OCSL commands a significant premium over the S&P 500 median P/E of 25.3x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our OCSL DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
OCSL Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
OCSL P/E vs Peers
Small Business and Middle-Market Lending peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $14B | 10.3 | 1.00 | -24% | |
| $1B | 6.9 | - | -20% | |
| $3B | 8.8 | 0.28 | +4% | |
| $200M | 4.0Lowest | 3.98 | +49%Best | |
| $780M | 11.1 | 0.17 | -36% | |
| $642M | 6.9 | 0.19 | -3% | |
| $5B | 10.0 | 0.15Best | -6% | |
| $3B | 9.2 | - | +15% | |
| $697M | 9.8 | 1.09 | -49% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
OCSL Historical P/E Data (2009–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q3 | - | $11.94 | $0.48 | 24.7x | -23% |
| FY2026 Q2 | - | $11.30 | $0.57 | 19.7x | -38% |
| FY2026 Q1 | Dec 31 2025 | $12.74 | $0.36 | 35.0x | +10% |
| FY2025 Q4 | - | $13.05 | $0.39 | 33.6x | +6% |
| FY2025 Q3 | Jun 30 2025 | $13.66 | $0.56 | 24.5x | -23% |
| FY2025 Q2 | Mar 31 2025 | $15.36 | $0.13 | 116.6x | +266% |
| FY2025 Q1 | - | $15.28 | $0.67 | 22.7x | -29% |
| FY2024 Q4 | Sep 30 2024 | $16.31 | $0.72 | 22.5x | -29% |
| FY2024 Q3 | Jun 30 2024 | $18.81 | $0.87 | 21.5x | -32% |
| FY2024 Q2 | Mar 31 2024 | $19.66 | $1.34 | 14.7x | -54% |
| FY2024 Q1 | Dec 31 2023 | $20.42 | $1.51 | 13.5x | -58% |
| FY2023 Q4 | Sep 30 2023 | $20.12 | $1.59 | 12.7x | -60% |
| FY2023 Q3 | Jun 30 2023 | $19.43 | $1.21 | 16.1x | -50% |
| FY2023 Q2 | Mar 31 2023 | $18.77 | $0.11 | 170.6x | +435% |
| FY2023 Q1 | Dec 31 2022 | $20.61 | $0.06 | 343.5x | +978% |
| FY2022 Q4 | Sep 30 2022 | $18.00 | $0.50 | 36.0x | +13% |
| FY2022 Q3 | - | $19.65 | $0.89 | 22.1x | -31% |
| FY2022 Q2 | - | $22.11 | $2.29 | 9.7x | -70% |
| FY2022 Q1 | Dec 31 2021 | $22.38 | $3.85 | 5.8x | -82% |
| FY2021 Q4 | - | $21.18 | $4.58 | 4.6x | -85% |
| FY2021 Q3 | Jun 30 2021 | $20.07 | $5.47 | 3.7x | -88% |
| FY2021 Q2 | Mar 31 2021 | $18.60 | $7.24 | 2.6x | -92% |
| FY2021 Q1 | - | $16.71 | $1.92 | 8.7x | -73% |
| FY2020 Q4 | Sep 30 2020 | $14.52 | $0.82 | 17.7x | -44% |
| FY2020 Q1 | - | $16.38 | $2.39 | 6.9x | -78% |
| FY2019 Q4 | Sep 30 2019 | $15.54 | $2.69 | 5.8x | -82% |
| FY2019 Q3 | Jun 30 2019 | $16.26 | $3.10 | 5.2x | -84% |
| FY2019 Q2 | Mar 31 2019 | $15.54 | $3.19 | 4.9x | -85% |
| FY2019 Q1 | Dec 31 2018 | $12.69 | $2.24 | 5.7x | -82% |
| FY2018 Q4 | Sep 30 2018 | $14.88 | $1.00 | 14.9x | -53% |
| FY2015 Q4 | Sep 30 2015 | $18.51 | $0.30 | 62.7x | +97% |
| FY2015 Q3 | - | $19.65 | $0.90 | 21.8x | -31% |
| FY2015 Q2 | - | $21.90 | $0.94 | 23.3x | -27% |
| FY2015 Q1 | Dec 31 2014 | $24.03 | $1.08 | 22.3x | -30% |
| FY2014 Q4 | - | $27.54 | $2.36 | 11.7x | -63% |
| FY2014 Q3 | Jun 30 2014 | $29.49 | $2.40 | 12.3x | -61% |
| FY2014 Q2 | Mar 31 2014 | $28.38 | $2.61 | 10.9x | -66% |
| FY2014 Q1 | - | $27.75 | $2.85 | 9.7x | -69% |
| FY2013 Q4 | Sep 30 2013 | $30.86 | $2.69 | 11.5x | -64% |
| FY2013 Q3 | Jun 30 2013 | $31.35 | $3.06 | 10.2x | -68% |
| FY2013 Q2 | Mar 31 2013 | $33.06 | $3.19 | 10.4x | -67% |
| FY2013 Q1 | Dec 31 2012 | $31.26 | $3.03 | 10.3x | -68% |
| FY2012 Q4 | Sep 30 2012 | $32.94 | $2.86 | 11.5x | -64% |
| FY2012 Q3 | Jun 30 2012 | $29.94 | $0.91 | 32.9x | +3% |
| FY2012 Q2 | Mar 31 2012 | $29.28 | $1.03 | 28.4x | -11% |
| FY2012 Q1 | Dec 31 2011 | $28.71 | $1.06 | 27.1x | -15% |
| FY2011 Q4 | Sep 30 2011 | $27.96 | $1.63 | 17.2x | -46% |
| FY2011 Q3 | - | $34.80 | $2.91 | 12.0x | -62% |
| FY2011 Q2 | - | $40.05 | $1.89 | 21.2x | -34% |
| FY2011 Q1 | Dec 31 2010 | $36.42 | $1.80 | 20.2x | -37% |
| FY2010 Q4 | - | $33.42 | $1.59 | 21.0x | -34% |
| FY2010 Q3 | Jun 30 2010 | $33.09 | $1.90 | 17.4x | -45% |
| FY2010 Q2 | Mar 31 2010 | $34.83 | $2.80 | 12.4x | -61% |
| FY2010 Q1 | - | $32.22 | $2.50 | 12.9x | -60% |
| FY2009 Q4 | Sep 30 2009 | $32.79 | $0.38 | 86.3x | +171% |
| FY2009 Q3 | - | $30.12 | $0.15 | 200.8x | +530% |
Average P/E for displayed period: 31.9x
OCSL Chart Terminal
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Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
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Peer Comparison
Compare growth, multiples, and margins vs sector.
OCSL — Frequently Asked Questions
Quick answers to the most common questions about buying OCSL stock.
What is OCSL's P/E ratio?
Oaktree Specialty Lending Corporation (OCSL) trailing twelve-month P/E ratio is 31.2x, based on TTM diluted EPS of $0.48. The 5-year average P/E is 48.5x and the historical range spans 4.6x to 343.5x.
Is OCSL stock overvalued or undervalued?
OCSL trades at 31.2x P/E, below its 5-year average of 48.5x. At the 70th percentile of its historical range (4.6x–343.5x), the stock is priced at a discount to its own history.
Is OCSL stock expensive?
No, OCSL is not expensive on a historical basis. The current P/E of 31.2x is below the 5-year average of 48.5x and sits at the 70th percentile of its valuation range.
What is OCSL's historical P/E range?
Over the past 5 years, OCSL's P/E ratio has ranged from 4.6x to 343.5x, with a median of 22.5x and an average of 48.5x. The current P/E of 31.2x places the stock at the 70th percentile of this range. Full historical data spans 2009–2026.
How does OCSL's P/E compare to the S&P 500?
OCSL trades at 31.2x P/E versus the S&P 500 median of 25.3x. The 23% premium to the market typically reflects higher expected earnings growth or quality.
How does OCSL's valuation compare to Financial Services peers?
Oaktree Specialty Lending Corporation P/E of 31.2x compares to the Financial Services sector median of 13.9x. The premium reflects expected growth above peers or stronger fundamentals. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is OCSL's PEG ratio?
OCSL PEG ratio is N/A, based on a P/E of 31.2x and EPS growth of -45.8%. PEG normalises P/E by growth and helps compare stocks with different earnings trajectories.
What is OCSL's earnings yield?
OCSL earnings yield is 3.21%, the inverse of its 31.2x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.