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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |