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Morgan Stanley Direct Lending Fund's earnings per share without non-recurring items for the
three
months ended in Jun. 2026 was $0.09.
Its earnings per share without non-recurring items for the trailing twelve months (TTM) ended in Jun. 2026 was $0.69.
During the past 12 months, Morgan Stanley Direct Lending Fund's average earnings per share (NRI) Growth Rate was -64.20% per year.
During the past 3 years, the average earnings per share (NRI) Growth Rate was 36.50% per year.
During the past 5 years, the average earnings per share (NRI) Growth Rate was 48.20% per year.
During the past 10 years, the average earnings per share (NRI) Growth Rate was 0.00% 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 EPS without NRI Growth Rate using Earnings per share without Non-Recurring Items (NRI) data.
The historical rank and industry rank for Morgan Stanley Direct Lending Fund's EPS without NRI or its related term are showing as below:
MSDL'
s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: 36.5 Med: 37.1 Max: 130
Current: 36.5
During the past 6 years, Morgan Stanley Direct Lending Fund's highest 3-Year average Earnings Per Share (NRI) Growth Rate was 130.00% per year. The lowest was 36.50% per year. And the median was 37.10% per year.
MSDL's 3-Year EPS without NRI Growth Rate is ranked better than 74.4% of 832
companies
in the Asset Management industry
Industry Median: 11.7
vs MSDL: 36.50
Morgan Stanley Direct Lending Fund (NYSE:MSDL) EPS without NRI Explanation
EPS without NRI removes onetime and unusual items from EPS, to provide investors with a more accurate measure of the company’s true earnings. The earnings are adjusted for items that are irregular or unusual in nature, and/or are non-recurring. This is calculated using Net Income (Continuing Operations) plus/minus any tax affected unusual Items and Goodwill Impairments/Write Offs. This can be used to fairly measure a company's profitability.
Be Aware
Compared with Earnings per share, a company's cash flow is better indicator of the company's earnings power.
If a company's earnings per share is less than cash flow per share over long term, investors need to be cautious and find out why.
Morgan Stanley Direct Lending Fund EPS without NRI Related Terms
Morgan Stanley Direct Lending Fund EPS without NRI 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 EPS without NRI Chart
For the Asset Management subindustry, Morgan Stanley Direct Lending Fund's PE Ratio without NRI, along with its competitors' market caps and PE Ratio without NRI 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 PE Ratio without NRI vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Morgan Stanley Direct Lending Fund's PE Ratio without NRI distribution charts can be found below:
* The bar in red indicates where Morgan Stanley Direct Lending Fund's PE Ratio without NRI falls into.
Morgan Stanley Direct Lending Fund EPS without NRI Calculation
Earnings Per Share (EPS) is the single most important variable used by Wall Street in determining the earnings power of a company. But investors need to be aware that Earnings per Share can be easily manipulated by adjusting depreciation and amortization rate or non-recurring items. That's why GuruFocus lists EPS without NRI, which better reflects the company's underlying performance.
Earnings Per Share without Non-Recurring Items is the amount of earnings without non-recurring items per outstanding share of the company's stock.
EPS without NRI 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 $0.69
* 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 EPS without NRI of $0.69 as of Jun. 2026. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on Morgan Stanley Direct Lending Fund and its competitors. According to the industry distribution chart, Morgan Stanley Direct Lending Fund ranks #213 out of 832 companies in the Asset Management industry, placing it in the top 25.6%.
Is Morgan Stanley Direct Lending Fund's EPS without NRI too high?
Morgan Stanley Direct Lending Fund's current EPS without NRI is $0.69. The Asset Management industry median EPS without NRI is 11.70. Morgan Stanley Direct Lending Fund's value of $0.69 is 94.1% below this industry median. Based on the distribution chart, Morgan Stanley Direct Lending Fund ranks #213 out of 832 companies in the Asset Management industry, which is above 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 EPS without NRI compare to JFR and HQH?
According to the Asset Management industry distribution chart, Morgan Stanley Direct Lending Fund ranks #213 out of 832 companies for EPS without NRI. This puts Morgan Stanley Direct Lending Fund in the upper half of its industry. The industry median EPS without NRI is 11.70. Morgan Stanley Direct Lending Fund's value of $0.69 is 94.1% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EPS without NRI for an Asset Management company?
The median EPS without NRI among Asset Management companies is 11.70, based on 832 companies in the industry. Companies in the top quartile (top 25%) have a EPS without NRI significantly above this median, while those in the bottom quartile fall well below. However, EPS without NRI should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Morgan Stanley Direct Lending Fund's current EPS without NRI of $0.69 is 94.1% below 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 EPS without NRI mean?
A high EPS without NRI can signal that a stock is expensive relative to its fundamentals. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on Morgan Stanley Direct Lending Fund and its competitors. For the Asset Management industry, the median EPS without NRI is 11.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Morgan Stanley Direct Lending Fund's current EPS without NRI is $0.69. 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 $7.67, compared to a current price of $15.36 — trading 100.3% above its estimated fair value. The current EPS without NRI is $0.69 and 94.1% below the Asset Management industry median of 11.70. 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 EPS without NRI calculated?
EPS without NRI is calculated from a company's financial statements. For Morgan Stanley Direct Lending Fund (MSDL), the current EPS without NRI is $0.69 as of Jun. 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 100.3% above its estimated GF Value™ of $7.67.
GuruFocus considers Morgan Stanley Direct Lending Fund to be Significantly Overvalued.
Key valuation signals for MSDL:
EPS without NRI: $0.69
GF Value™: $7.67 vs. price of $15.36 (100.3% above fair value)
Industry Position: 94.1% below the Asset Management median (#213 of 832)
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
Get the complete analysis for MSDL
EPS without NRI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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