Morgan Stanley Direct Lending Fund MSDL
NYSE MSDL
$14.76 -0.28 (-1.90%)
As of: Sep 9, 2026 · 3:59 PM EDT

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

Morgan Stanley Direct Lending Fund's (MSDL) quarterly Price to Sales came in at 14.39 in Q2 2026, down 12.02% year-over-year from 16.36 in Q2 2025, and up 7.6% quarter-over-quarter from 13.38 in Q1 2026.

Analysis

Morgan Stanley Direct Lending Fund (MSDL) Price to Sales (2024 - 2026) Analysis & Trends

Morgan Stanley Direct Lending Fund (MSDL) has reported Price to Sales for 3 consecutive years, with 14.39 the latest figure, recorded in Q2 2026.

  • On a quarterly basis, Price to Sales fell 12.02% year-over-year to 14.39 in Q2 2026; TTM through Jun 2026 was 3.41, a 13.21% decrease from a year earlier, with the FY2025 full-year figure at 3.58, down 18.57% from the prior year.
  • Price to Sales was 14.39 for Q2 2026 at Morgan Stanley Direct Lending Fund, up from 13.38 in the prior quarter.
  • Over five years, Price to Sales peaked at 19.33 in Q1 2024 and troughed at 13.38 in Q1 2026.
  • A 3-year average of 16.2 and a median of 16.2 in 2024 frame the typical range for Price to Sales.
  • Across the five-year window, Price to Sales declined 10.42% in 2025 and declined 22.76% in 2026, its largest moves.
  • Over 3 years, Price to Sales stood at 17.75 in 2024, then fell by 17.07% to 14.72 in 2025, then fell by 2.22% to 14.39 in 2026.
  • The last three Price to Sales figures came in at 14.39 (Q2 2026), 13.38 (Q1 2026), and 14.72 (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Ares Capital 14.39 Bn 14.01 Bn -
2 Blackstone Secured Lending Fund 5.76 Bn 5.49 Bn -
3 Blue Owl Capital 5.62 Bn 5.38 Bn -
4 Main Street Capital 5.39 Bn 5.33 Bn -
5 Blue Owl Technology Finance 5.20 Bn 4.99 Bn -
6 Hercules Capital 4.68 Bn 4.64 Bn -
7 FS KKR Capital 3.48 Bn 3.37 Bn -
8 Golub Capital Bdc 3.38 Bn 3.34 Bn -
9 PennantPark Floating Rate Capital 2.47 Bn -134.94 Mn -
10 Morgan Stanley Direct Lending Fund 1.29 Bn 1.21 Bn -
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 14.39
Mar 31, 2026 13.38
Dec 31, 2025 14.72
Sep 30, 2025 14.00
Jun 30, 2025 16.36
Mar 31, 2025 17.32
Dec 31, 2024 17.75
Sep 30, 2024 16.04
Jun 30, 2024 18.75
Mar 31, 2024 19.33