# FS Specialty Lending Fund Common Shares of Beneficial Interest (FSSL) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: null. Price $11.98, market value $909 million.

## Valuation
- **P/E (trailing): 20.3×**. FS Specialty Lending Fund Common Shares of Beneficial Interest trades at 20.3× trailing earnings.
- **Price / sales: 12.0×**. Each dollar of revenue is priced at 12.0×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 0.7×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **Free-cash-flow yield: 11.5%**. Free cash flow equals 11.5% of the market value. Above 5% is generally attractive.
- **Earnings yield: 4.9%**. The inverse of the P/E: 4.9% of the price is earned each year.

## Profitability
- **Net margin: 73.7%**. 73.7% of each dollar of sales reaches the bottom line.
- **Return on equity: 4.0%**. 4.0% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on assets: 2.9%**. Each dollar of assets produces 2.9% of profit.

## Growth
- **Revenue growth (1 yr): -32.7%** (3-yr -27.8%/yr). Revenue fell 32.7% over the last year.
- **Free-cash-flow growth (3 yr): -40.4%/yr**. Free cash flow has compounded at -40.4% a year over three years.

## Financial health
- **Debt to equity: 0.37**. Debt is 0.37 times equity: a conservative balance sheet.

## Dividends
- **Dividend yield: 3.51%** ($0.42 per share, trailing). FS Specialty Lending Fund Common Shares of Beneficial Interest yields 3.51%, an income-level yield.
- **Payout ratio: 378%** (201% of free cash flow). The dividend exceeds earnings (378% payout), which is rarely sustainable outside REITs and one-off years.

## Price and momentum
- **From 52-week high: -20.1%** (11.4% above the low). Trading 20% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 67**. An RSI of 67 is neutral.
- **Beta (1 yr): 0.52** (volatility 20%). Beta of 0.52 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=FSSL · Page: https://foliofundamentals.com/stocks/fssl

Not investment advice.