Nuveen Churchill Direct LendingNCDL.NValuation Analysis

As of Oct 16, 2026, Nuveen Churchill Direct Lending (NCDL.N) trades at a P/E of 11.20x, P/B of 0.62x, P/S of 2.74x, and a dividend yield of 10.92%.
Longitudinal percentile comparison: P/E sits at the 85th percentile over the trailing 10Y window (vs. 85th percentile over 3Y); P/B sits at the 1st percentile over the trailing 10Y window (vs. 1st percentile over 3Y); P/S sits at the 1st percentile over the trailing 10Y window (vs. 1st percentile over 3Y).
Cross-sectional valuation: its P/E ranks at the 45th percentile within its industry and the 24th percentile across the broader market.
Shareholder return highlight: Total Shareholder Yield is 23.46%, ranking at the 100th percentile over the trailing 20Y window.
Notably, P/E and P/B aren't telling quite the same story, 84.4 points apart — worth checking the full percentile matrix on this page for the complete picture. The P/E percentile sits lower across the market than within its own industry — relatively cheaper next to the market as a whole. Of the 23.46% total shareholder yield, 10.92% is paid out as dividends and roughly 12.54% is implied to come from buybacks — both channels are meaningfully in play. Nuveen Churchill Direct Lending operates in the other sector. Data refreshes weekly and is for reference only, not investment advice.