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MSDL'
s EV-to-OCF Range Over the Past 10 Years
Min: -439.67 Med: -14.05 Max: 22.77
Current: 11.32
During the past 6 years, the highest EV-to-OCF of Morgan Stanley Direct Lending Fund was 22.77. The lowest was -439.67. And the median was -14.05.
MSDL's EV-to-OCF is ranked worse than 63.06% of 1505
companies
in the Asset Management industry
Industry Median: 5.86
vs MSDL: 11.32
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Morgan Stanley Direct Lending Fund (NYSE:MSDL) EV-to-OCF Explanation
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Morgan Stanley Direct Lending Fund's PE Ratio (TTM) for today is calculated as:
Morgan Stanley Direct Lending Fund's share price for today is $15.36.
Morgan Stanley Direct Lending Fund's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.690.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Morgan Stanley Direct Lending Fund EV-to-OCF Related Terms
Morgan Stanley Direct Lending Fund EV-to-OCF Historical Data
* 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.
Morgan Stanley Direct Lending Fund EV-to-OCF Chart
For the Asset Management subindustry, Morgan Stanley Direct Lending Fund's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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.
Morgan Stanley Direct Lending Fund EV-to-OCF vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Morgan Stanley Direct Lending Fund's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Morgan Stanley Direct Lending Fund's EV-to-OCF falls into.
Morgan Stanley Direct Lending Fund's current Enterprise Value is $3,202.18 Mil.
Morgan Stanley Direct Lending Fund's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $282.91 Mil.
* 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.
Morgan Stanley Direct Lending Fund (MSDL) has a EV-to-OCF of 11.32 as of Aug. 22, 2026. According to the industry distribution chart, Morgan Stanley Direct Lending Fund ranks #949 out of 1505 companies in the Asset Management industry, placing it in the top 63.1%.
Is Morgan Stanley Direct Lending Fund's EV-to-OCF too high?
Morgan Stanley Direct Lending Fund's current EV-to-OCF is 11.32. The Asset Management industry median EV-to-OCF is 5.86. Morgan Stanley Direct Lending Fund's value of 11.32 is 93.2% above this industry median. Based on the distribution chart, Morgan Stanley Direct Lending Fund ranks #949 out of 1505 companies in the Asset Management industry, which is below the industry midpoint. Overall, Morgan Stanley Direct Lending Fund has a GF Score™ of 38/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Morgan Stanley Direct Lending Fund's EV-to-OCF compare to JFR and HQH?
According to the Asset Management industry distribution chart, Morgan Stanley Direct Lending Fund ranks #949 out of 1505 companies for EV-to-OCF. This places Morgan Stanley Direct Lending Fund in the lower half of its industry. The industry median EV-to-OCF is 5.86. Morgan Stanley Direct Lending Fund's value of 11.32 is 93.2% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-OCF for an Asset Management company?
The median EV-to-OCF among Asset Management companies is 5.86, based on 1,505 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Morgan Stanley Direct Lending Fund's current EV-to-OCF of 11.32 is 93.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Asset Management industry, the median EV-to-OCF is 5.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Morgan Stanley Direct Lending Fund's current EV-to-OCF is 11.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Morgan Stanley Direct Lending Fund stock overvalued right now?
Based on GuruFocus' analysis, Morgan Stanley Direct Lending Fund (MSDL) is currently considered Significantly Overvalued. The stock's GF Value™ is $7.68, compared to a current price of $15.36 — trading 100% above its estimated fair value. The current EV-to-OCF is 11.32 and 93.2% above the Asset Management industry median of 5.86. Morgan Stanley Direct Lending Fund's overall GF Score™ is 38/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Morgan Stanley Direct Lending Fund (MSDL), the current EV-to-OCF is 11.32 as of Aug. 22, 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.
Is Morgan Stanley Direct Lending Fund (MSDL) Overvalued in 2026?
Based on GuruFocus' analysis, Morgan Stanley Direct Lending Fund stock appears to be overvalued.
The current stock price of $15.36 is trading 100% above its estimated GF Value™ of $7.68.
GuruFocus considers Morgan Stanley Direct Lending Fund to be Significantly Overvalued.
Key valuation signals for MSDL:
EV-to-OCF: 11.32
GF Value™: $7.68 vs. price of $15.36 (100% above fair value)
Industry Position: 93.2% above the Asset Management median (#949 of 1505)
No single metric tells the full story. See the MSDL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Morgan Stanley Direct Lending Fund is a fund whose investment objective is to achieve attractive risk-adjusted returns via current income and to a lesser extent, capital appreciation by investing predominantly in directly originated senior secured term loans issued by U.S. middle-market companies backed by private equity sponsors. It invests predominantly in directly originated senior secured term loans including first lien senior secured term loans including unitranche loans and second lien senior secured term loans, with the balance of the investments expected to be in higher-yielding assets such as mezzanine debt, unsecured debt, equity investments and other opportunistic asset purchases.
38GF Score
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EV-to-OCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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