Morgan Stanley Direct Lending Fund (MSDL) Price to Book (2024 - 2026)

Morgan Stanley Direct Lending Fund (MSDL) has reported Price to Book for 3 consecutive years, with 0.78 the latest figure, recorded in Q2 2026.

• On a quarterly basis, Price to Book fell 14.73% year-over-year to 0.78 in Q2 2026; TTM through Jun 2026 was 0.78, a 14.73% decrease from a year earlier, with the FY2025 full-year figure at 0.81, down 18.06% from the prior year.
• Price to Book was 0.78 for Q2 2026 at Morgan Stanley Direct Lending Fund, up from 0.7 in the prior quarter.
• Over five years, Price to Book peaked at 1.05 in Q2 2024 and troughed at 0.7 in Q1 2026.
• A 3-year average of 0.9 and a median of 0.93 in 2024 frame the typical range for Price to Book.
• Across the five-year window, Price to Book dropped 7.32% in 2025 and declined 27.08% in 2026, its largest moves.
• Over 3 years, Price to Book stood at 0.99 in 2024, then retreated by 18.06% to 0.81 in 2025, then decreased by 4.67% to 0.78 in 2026.
• The last three Price to Book figures came in at 0.78 (Q2 2026), 0.7 (Q1 2026), and 0.81 (Q4 2025), per Business Quant data.