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Blue Owl Technology Finance Corp · Tenets
How OTF measures up against value, income, timing, and long-hold tenets. Every criterion shows the live number and the pass rule. Always free.
The tenets below and the 0-100 Tenet Score on this report are two separate computations: each tenet runs its own criteria and its own pass rule, while the score is a percentile composite reported as one of four verdict words (Strong, Solid, Mixed or Weak).
1 / 17 qualify todayas of 2026-10-02 · computed nightly from our fundamentals DB; point-in-time auditable.
QUALIFIES
1
meet every gate today
BORDERLINE
3
within one input of the gate
FAILS
12
miss at least one gate
UNKNOWN
1
insufficient data to judge
passesfailsborderlineunknown
Value — six classic philosophies
Buffett Qualitydurable moat
✕ FailsFailsROE ≥ 15%(TTM through Jun 30, 2026)10.6% · ≥ 15.0%
PassesGross margin ≥ 40%(TTM through Jun 30, 2026)60.4% · ≥ 40.0%
Unknown — no dataNet margin ≥ 15%— · ≥ 15.0%
FailsDebt/equity ≤ 0.5(quarter ending Jun 30, 2026)0.95 · ≤ 0.50
FailsGrowing FCF (multi-yr)Free cash flow was negative in fiscal 2025.no · > 0
Decided by the pass rule for Buffett Quality.The pass rule for Buffett Quality is what decides that verdict, and it is not restated here. 1 of 5 carry no data.Buffett Quality under The screens ›
Piotroski F-Scorefinancial strength
✕ 2 / 9PassesReturn on assets positive(fiscal 2025)4.9% · > 0
FailsOperating cash flow positive(fiscal 2025)−$916.0M · > 0
FailsReturn on assets improving(fiscal 2025)4.9% → 4.9%
FailsEarnings backed by cash (CFO > net income)(fiscal 2025)−$916.0M vs $720.4M
PassesLeverage falling (long-term debt / assets)(fiscal 2025)43.4% → 42.7%
FailsCurrent ratio improving(fiscal 2025)212.14 → 183.71
FailsNo share dilution (≤ +2%)(fiscal 2025)+95.2%
FailsGross margin expanding(fiscal 2025)100.0% → 100.0%
FailsAsset turnover improving(fiscal 2025)0.06 → 0.04
Decided by the pass rule for Piotroski F-Score.The pass rule for Piotroski F-Score is what decides that verdict, and it is not restated here. These checks score 2 of 9.Piotroski F-Score under The screens ›
Munger Compoundershigh-ROIC quality
✕ FailsFailsROIC ≥ 15%(TTM through Jun 30, 2026)2.0% · ≥ 15.0%
PassesNet debt/EBITDA ≤ 3×(TTM through Jun 30, 2026)−28.2× · ≤ 3.0×
FailsAltman Z ≥ 3 (safe zone)(TTM through Jun 30, 2026)1.68 · ≥ 3.00
Decided by the pass rule for Munger Compounders.The pass rule for Munger Compounders is what decides that verdict, and it is not restated here.Munger Compounders under The screens ›
Magic FormulaROC + earnings yield (threshold check; full rank needs universe)
✕ FailsPassesEBIT > 0(TTM through Jun 30, 2026)$297.8M · > 0
Unknown — no dataEarnings yield EBIT/EV ≥ 6%— · ≥ 6.0%
FailsReturn on capital ≥ 25%(TTM through Jun 30, 2026)2.0% · ≥ 25.0%
Decided by the pass rule for Magic Formula.The pass rule for Magic Formula is what decides that verdict, and it is not published separately on the methodology page. 1 of 3 carry no data.About this screen ›
Graham Defensivemargin of safety
✓ QualifiesPassesSize: market cap ≥ $2B$4.5B · ≥ $2.0B
PassesCurrent ratio ≥ 2(quarter ending Jun 30, 2026)167.16 · ≥ 2.00
PassesPositive EPS 6yThe earnings per share figures on file for fiscal 2024 and 2025 are zero while net income is positive, so those years are judged on net income.6y
PassesPays a dividend$0.80 · > 0
Unknown — no dataEPS growth ≥ 3%/yr— · ≥ 3.0%
PassesP/E ≤ 15(TTM through Jun 30, 2026)5.34 · ≤ 15.00
PassesP/E × P/B ≤ 22.5(TTM through Jun 30, 2026)3.18 · ≤ 22.50
Decided by the pass rule for Graham Defensive.The pass rule for Graham Defensive is what decides that verdict, and it is not restated here. 1 of 7 carry no data.Graham Defensive under The screens ›
Lynch GARPgrowth at reasonable price (historical-CAGR basis)
— UnknownUnknown — no dataPEG < 1 (hist. growth)— · < 1.00
Unknown — no dataEPS growth 10–30%— · 10.0%–30.0%
Verdict Unknown for this set.Verdict Unknown for this set. None of the 2 checks below carry data.Lynch GARP under The screens ›
Income — dividend safety
Income & Dividend Safetycoverage over headline yield
~ BorderlinePassesPays a dividend$0.80 · > 0
FailsYield in a healthy band (not a yield trap)8.2% · 1.0%–8.0%
Unknown — no dataCovered by free cash flow— · ≥ 1.20
PassesEarnings payout not stretched54.7% · ≤ 75.0%
PassesBalance sheet can sustain the payout−28.2× · ≤ 4.0×
FailsAnnual dividend raised 10+ years running (Aristocrat ≥25, King ≥50)0.00 · ≥ 10.00
Not scored: see the reason belowNo dividend cut in the last 5 yearsThe dividend record on file is shorter than the five years this test covers, so there is no five-year stretch to check for a cut. It is left unscored rather than counted either way.—
Unknown — no data5-year dividend growth ≥ 5%/yr— · ≥ 5.0%
Decided by the pass rule for Income & Dividend Safety.The pass rule for Income & Dividend Safety is what decides that verdict, and it is not published separately on the methodology page. 3 of 8 carry no data.
Dividend Growthraises you can count on
~ BorderlinePassesPays a dividend$0.80 · > 0
FailsAnnual dividend raised 10+ years running (Aristocrat ≥25, King ≥50)0.00 · ≥ 10.00
Not scored: see the reason belowNo dividend cut in the last 5 yearsThe dividend record on file is shorter than the five years this test covers, so there is no five-year stretch to check for a cut. It is left unscored rather than counted either way.—
Unknown — no data5-year dividend growth ≥ 5%/yr— · ≥ 5.0%
Unknown — no dataCovered by free cash flow— · ≥ 1.20
PassesPayout not stretched54.7% · ≤ 75.0%
Decided by the pass rule for Dividend Growth.The pass rule for Dividend Growth is what decides that verdict, and it is not restated here. 3 of 6 carry no data.Dividend Growth under The screens ›
Long Hold — quality compounders
Quality Compounderhigh returns, reinvested, few new shares
✕ FailsFailsReturn on invested capital ≥ 15% in 4+ of the last 5 years0 of 4 on file
PassesRevenue compounding ≥ 8%/yr over 5 years26.6% per year · ≥ 8.0%
FailsNot diluting: diluted share count flat-to-down (≤ +1%/yr)15.3% · ≤ 1.0%
Not scored: see the reason belowFree cash flow margin ≥ 12%Free-cash-flow margin isn't derivable yet from the statements we have on file.— · ≥ 12.0%
FailsEarnings backed by cash (operating cash flow ≥ net income)−1.90 · ≥ 1.00
Reading: does not hold. Not a gate checkDisciplined buybacks: actively reducing the share count (bonus)reading, not a gate check15.3%
Decided by the pass rule for Quality Compounder.The pass rule for Quality Compounder is what decides that verdict, and it is not restated here. 1 of 5 carry no data. Lines marked as readings are published beside the checks and are not gate checks.Quality Compounder under The screens ›
Timing — dip & swing receipts
Drawdown Contexta dip, not a collapse
✕ FailsPassesOff its 52-week high by 8–35% (a dip, not a collapse)35.0% · 8.0%–35.0%
FailsDip within its own normal pullback band0.17
FailsNot past where its dips have historically recovered from2.68
FailsA dip in an uptrend (above a rising 200-day)11.65
FailsHigher-low structure still intactstructure broken · higher low
PassesClear of the earnings blackout (more than 5 days out)39.00 · > 5.00
Decided by the pass rule for Drawdown Context.The pass rule for Drawdown Context is what decides that verdict, and it is not published separately on the methodology page.
Reversal Evidencedaily close onlysigns the pullback is turning
✕ FailsUnknown — no dataA bullish MACD cross within 10 sessions— · ≤ 10.00
FailsReclaimed a rising 50-day EMA10.70
PassesPrinted a higher lowyes
FailsA volume thrust on the turn (≥ 1.2× normal)0.88 · ≥ 1.20
FailsReversal signals fired: 3 of 4 (MACD·MA·HL·Vol)1.00 · ≥ 3.00
Decided by the pass rule for Reversal Evidence.The pass rule for Reversal Evidence is what decides that verdict, and it is not published separately on the methodology page. 1 of 5 carry no data.
Not-a-Value-Trap Gatecheap for a good reason, not a broken one
✕ FailsUnknown — no dataIn the cheap half of its own 5-year valuation range—
PassesEarnings estimates not being cut0.03
FailsReturns on capital not deteriorating0.03
Decided by the pass rule for Not-a-Value-Trap Gate.The pass rule for Not-a-Value-Trap Gate is what decides that verdict, and it is not published separately on the methodology page. 1 of 3 carry no data.
Quality Floorpasses the quality/value gate on this dip
✕ FailsPassesOperating profit is positive(TTM through Jun 30, 2026)$297.8M · > 0
FailsReturn on invested capital ≥ 10%(TTM through Jun 30, 2026)2.0% · ≥ 10.0%
FailsA solvent balance sheet (Altman Z ≥ 1.8, net debt/EBITDA ≤ 4)(TTM through Jun 30, 2026)1.7×
FailsQuality score ≥ 5030.80 · ≥ 50.00
PassesRevenue growing over 5 years(fiscal 2020 to 2025)26.6% per year · > 0
Decided by the pass rule for Quality Floor.The pass rule for Quality Floor is what decides that verdict, and it is not published separately on the methodology page.
Qualified Dipa pullback with receipts, not a falling knife
~ BorderlineA research signal from published criteria, not a recommendation.
FailsDrawdown context35.0% off its 52-week high
FailsReversal evidence1 of 4 signals fired
FailsTrap gate1 of 3 held · 1 no data
FailsQuality floor2 of 5 held
Invalidation level (structure break): below this the dip's structure has broken$10.96
Decided by the pass rule for Qualified Dip.The pass rule for Qualified Dip is what decides that verdict, and it is not restated here.Qualified Dip under The screens ›
Trend Alignmentprice in a confirmed uptrend
✕ FailsFailsTrading above its 50-day average10.79
FailsTrading above its 200-day average11.65
Fails50-day average above the 200-day (uptrend stack)10.79
Passes50-day average sloping up0.01 · > 0
Decided by the pass rule for Trend Alignment.The pass rule for Trend Alignment is what decides that verdict, and it is not published separately on the methodology page.
Relative Strengthoutperforming, ranked vs the universe
✕ FailsFails3-month return in the top half of the universe0.48 · ≥ 0.50
Fails12-minus-1 momentum in the top half of the universe0.22 · ≥ 0.50
PassesRelative strength vs the S&P 500 improving0.00 · > 0
PassesEarnings estimates being revised up0.03
Decided by the pass rule for Relative Strength.The pass rule for Relative Strength is what decides that verdict, and it is not published separately on the methodology page.
Momentum Triggera trigger you can see
✕ FailsFailsMACD above its signal line−0.27
Not scored: see the reason belowBack above the 50-day on a fresh cross (≤10 sessions)This is a two-part reading (price back above the 50-day, and a bullish momentum cross inside 10 sessions) and a dated momentum cross is not on record for this name yet, so it is left unscored rather than counted either way.—
FailsHigher high and higher low (stair-stepping up)no higher high · higher low
FailsA volume thrust on the move (≥ 1.2× normal)0.88 · ≥ 1.20
Decided by the pass rule for Momentum Trigger.The pass rule for Momentum Trigger is what decides that verdict, and it is not published separately on the methodology page. 1 of 4 carry no data.
Volatility Regimecontext, not a signal
Context, not scoredAverage daily swing: normal0.03
Volatility band width: mid-range0.74
Distance from its 52-week high: a deep pullback0.35
✓
Every verdict is auditableEach criterion shows the live number and the pass rule side by side — a receipt, not a rating. Several of these screens publish their rule in full under The screens; each row links to its own section where there is one.
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Unknown ≠ failAn “— Unknown” verdict means the inputs were insufficient: context, not a signal, and never counted as a fail.
Computed from our fundamentals DB; historical-CAGR PEG basis for Lynch. Research, not investment advice. Tenet's rulesets are independently developed from publicly available sources, and Tenet is not affiliated with, sponsored by, endorsed by or otherwise associated with any referenced investor or trademark owner. Full notice. MAGIC FORMULA is a trademark of MagicFormulaInvesting.com LLC.