NCDL (Nuveen Churchill Direct Lending) Book Value per Share: $17.50 (As of Mar. 2026)

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NCDL Nuveen Churchill Direct Lending Corp NCDL
29 GF Score
Price $12.13
! 5 Warning Signs
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What is Nuveen Churchill Direct Lending Book Value per Share?

Nuveen Churchill Direct Lending NCDL +0.17% 29 Book Value per Share is $17.50 as of Mar. 2026. GuruFocus rates NCDL with a GF Score™ of 29/100. The stock has 5 warning signs investors should review.

Nuveen Churchill Direct Lending's book value per share for the quarter that ended in Mar. 2026 was $17.50.

During the past 12 months, Nuveen Churchill Direct Lending's average Book Value Per Share Growth Rate was -2.60% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 22.80% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the book value growth rate using book value per share data.

During the past 6 years, the highest 3-Year average Book Value Per Share Growth Rate of Nuveen Churchill Direct Lending was 38.60% per year. The lowest was 22.80% per year. And the median was 30.70% per year.

Nuveen Churchill Direct Lending's current price is $12.13. Its book value per share for the quarter that ended in Mar. 2026 was $17.50. Hence, today's PB Ratio of Nuveen Churchill Direct Lending is 0.69.

During the past 6 years, the highest P/B Ratio of Nuveen Churchill Direct Lending was 1.32. The lowest was 0.69. And the median was 0.93.

Good Sign:

Nuveen Churchill Direct Lending Corp stock PB Ratio (=0.69) is close to 3-year low of 0.69.


Nuveen Churchill Direct Lending  (NYSE:NCDL) Book Value per Share Explanation

Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.

For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.


Nuveen Churchill Direct Lending Book Value per Share Related Terms


Nuveen Churchill Direct Lending Book Value per Share Historical Data

* Premium members only.

The historical data trend for Nuveen Churchill Direct Lending's Book Value per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Nuveen Churchill Direct Lending Book Value per Share Chart

Nuveen Churchill Direct Lending Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Book Value per Share
Get a 7-Day Free Trial 6.82 9.58 13.64 18.18 17.72

Nuveen Churchill Direct Lending Quarterly Data
Dec21 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Book Value per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 17.96 17.92 17.85 17.72 17.50

NCDL vs PDT, HKHC, VINP: Book Value per Share Comparison

For the Asset Management subindustry, Nuveen Churchill Direct Lending's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Nuveen Churchill Direct Lending PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Nuveen Churchill Direct Lending's PB Ratio distribution charts can be found below:

* The bar in red indicates where Nuveen Churchill Direct Lending's PB Ratio falls into.


NCDL
29GF Score
Nuveen Churchill Direct Lending Corp NCDL
Book Value per Share is just one metric. See GF Score™, valuation, warning signs, and more.
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Nuveen Churchill Direct Lending Book Value per Share Calculation

Nuveen Churchill Direct Lending's Book Value Per Share for the fiscal year that ended in Dec. 2025 is calculated as:

Book Value Per Share=(Total Stockholders Equity-Preferred Stock)/Shares Outstanding (EOP)
=(875.18-0.00)/49.39
=17.72

Nuveen Churchill Direct Lending's Book Value Per Share for the quarter that ended in Mar. 2026 is calculated as:

Book Value Per Share=(Total Stockholders Equity-Preferred Stock)/Shares Outstanding (EOP)
=(864.11-0.00)/49.39
=17.50

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Theoretically it is what the shareholders will receive if the company is liquidated. Total Stockholders Equity is a balance sheet item and equal to Total Assets less Total Liabilities of the company.

Book value may include intangible items which may come from the company's past acquisitions. Book value less intangibles is called Tangible Book.

Frequently Asked Questions Learn more about Book Value per Share →
What does a Book Value per Share of $17.50 mean?
Nuveen Churchill Direct Lending (NCDL) has a Book Value per Share of $17.50 as of Mar. 2026. Book value per share gives the per-share value of a company's stockholder equity. View historical data on Nuveen Churchill Direct Lending and its competitors.
Is Nuveen Churchill Direct Lending's Book Value per Share too high?
Nuveen Churchill Direct Lending's current Book Value per Share is $17.50. Overall, Nuveen Churchill Direct Lending has a GF Score™ of 29/100, reflecting its overall financial health beyond just this single metric.
How does Nuveen Churchill Direct Lending's Book Value per Share compare to PDT and HKHC?
Nuveen Churchill Direct Lending's Book Value per Share of $17.50 can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Book Value per Share for an Asset Management company?
A good Book Value per Share depends on the Asset Management industry context. However, Book Value per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Book Value per Share mean?
A high Book Value per Share can signal that a stock is expensive relative to its fundamentals. Book value per share gives the per-share value of a company's stockholder equity. View historical data on Nuveen Churchill Direct Lending and its competitors. Nuveen Churchill Direct Lending's current Book Value per Share is $17.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nuveen Churchill Direct Lending stock overvalued right now?
Nuveen Churchill Direct Lending (NCDL) has a current Book Value per Share of $17.50. The current Book Value per Share is $17.50. Nuveen Churchill Direct Lending's overall GF Score™ is 29/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Book Value per Share calculated?
Book Value per Share is calculated from a company's financial statements. For Nuveen Churchill Direct Lending (NCDL), the current Book Value per Share is $17.50 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Nuveen Churchill Direct Lending Business Description

Other Exchanges O7A:Germany
Address 375 Park Avenue, 9th Floor, New York, NY, USA, 10152
Nuveen Churchill Direct Lending Corp is a specialty finance company focused predominantly on investing in senior secured loans to private equity-owned U.S. middle market companies. It is a closed-end, externally managed, non-diversified management investment company. The company's investment objective is to generate attractive risk-adjusted returns through current income by investing in senior secured loans to private equity-owned U.S. middle market companies. It invests in senior secured loans that typically pay floating interest rates and are senior in the capital structure to junior debt and equity.
29GF Score

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Book Value per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$12.13
Price