Nuveen Churchill Direct Lending (NCDL) Price to Sales (2024 - 2026)
Nuveen Churchill Direct Lending's (NCDL) Price to Sales was 3.01 for Q3 2026, down 4.9% from 3.17 a year earlier and down 5.8% from the prior quarter.
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Analysis
Nuveen Churchill Direct Lending (NCDL) Price to Sales (2024 - 2026) Analysis & Trends
For FY2025, Price to Sales at Nuveen Churchill Direct Lending was 3.17, down 20.7% from FY2024.
- By year, Price to Sales came in at 4.00 in FY2024.
- The Q3 2026 figure ranks as the lowest quarterly Price to Sales in data going back to Q1 2024.
- Year over year, Price to Sales has now declined in each of the last seven quarters, with an average decline of 19.8% over the last seven quarters.
- Per Business Quant data, the three quarters before Q3 2026 came in at 3.20 (Q2 2026), 3.13 (Q1 2026) and 3.17 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Royalty Pharma | 39.80 Bn | 40.13 Bn | - |
| 2 | Rocket Companies | 38.90 Bn | 27.72 Bn | - |
| 3 | Orix | 38.66 Bn | 9.30 Bn | 13.83 Bn |
| 4 | Federal National Mortgage Association Fannie Mae | 26.46 Bn | -16,107.65 Bn | - |
| 5 | Synchrony Financial | 22.47 Bn | -45.15 Bn | - |
| 6 | Affirm Holdings | 22.07 Bn | 15.11 Bn | - |
| 7 | Royal Gold | 21.71 Bn | 20.92 Bn | 402.46 Mn |
| 8 | Ares Capital | 13.84 Bn | 11.59 Bn | - |
| 9 | Annaly Capital Management | 13.83 Bn | 4.86 Bn | - |
| 10 | Nuveen Churchill Direct Lending | 581.78 Mn | 549.38 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 3.01 |
| Jun 30, 2026 | 3.20 |
| Mar 31, 2026 | 3.13 |
| Dec 31, 2025 | 3.17 |
| Sep 30, 2025 | 3.17 |
| Jun 30, 2025 | 3.58 |
| Mar 31, 2025 | 3.85 |
| Dec 31, 2024 | 4.00 |
| Sep 30, 2024 | 4.40 |
| Jun 30, 2024 | 4.82 |
| Mar 31, 2024 | 5.52 |
API Access
Nuveen Churchill Direct Lending Price to Sales API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=price-to-sales&ticker=NCDL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-sales", "ticker": "NCDL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=price-to-sales&ticker=NCDL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();