Is Carlyle Secured Lending, Inc overvalued or undervalued?

As of 23 February 2021, the valuation grade for Carlyle Secured Lending, Inc. moved from risky to very attractive, indicating a significant improvement in its investment appeal. The company is currently undervalued, with a P/E ratio of 11, a price-to-book value of 1.13, and an EV to EBITDA ratio of 5.48. In comparison to its peers, Oaktree Specialty Lending Corp. has a P/E of 133.65 and an EV to EBITDA of 8.28, while New Mountain Finance Corp. shows a P/E of 10.10 and an EV to EBITDA of 4.10, highlighting Carlyle's relative attractiveness.
The company's strong dividend yield of 914.42% and a ROCE of 20.74% further support its undervaluation thesis. Despite recent underperformance against the S&P 500, with a year-to-date return of -23.54% compared to the index's 2.44%, the overall financial metrics suggest that Carlyle Secured Lending, Inc. presents a compelling investment opportunity at its current price of 13.71.