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Nuveen Churchill Direct LendingNCDL +2.31%54 5-Year Yield-on-Cost % is 12.95 as of Aug. 09, 2026, which is 16% above its 10-year median of 11.12. GuruFocus rates NCDL with a GF Score™ of 54/100 and a GF Value™ of $10.71 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 1,109 Asset Management companies, Nuveen Churchill Direct Lending ranks better than 84.58% on this metric.
Nuveen Churchill Direct Lending (NYSE:NCDL) 5-Year Yield-on-Cost % Explanation
Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.
Nuveen Churchill Direct Lending 5-Year Yield-on-Cost % Related Terms
NCDL vs LDP, MHD, DSU: 5-Year Yield-on-Cost % Comparison
For the Asset Management subindustry, Nuveen Churchill Direct Lending's 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % 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 5-Year Yield-on-Cost % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Nuveen Churchill Direct Lending's 5-Year Yield-on-Cost % distribution charts can be found below:
* The bar in red indicates where Nuveen Churchill Direct Lending's 5-Year Yield-on-Cost % falls into.
Nuveen Churchill Direct Lending 5-Year Yield-on-Cost % Calculation
Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.
Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.
Nuveen Churchill Direct Lending (NCDL) has a 5-Year Yield-on-Cost % of 12.95 as of Aug. 09, 2026. 5-Year Yield on Cost measures the expected yield based on a company's current yield and 5-year dividend growth. View historical data on Nuveen Churchill Direct Lending and its competitors. This is 16% above median its historical median of 11.12. Over the past decade, Nuveen Churchill Direct Lending's 5-Year Yield-on-Cost % has ranged from 2.50 to 14.31. According to the industry distribution chart, Nuveen Churchill Direct Lending ranks #171 out of 1109 companies in the Asset Management industry, placing it in the top 15.4%.
Is Nuveen Churchill Direct Lending's 5-Year Yield-on-Cost % too high?
Nuveen Churchill Direct Lending's current 5-Year Yield-on-Cost % of 12.95 is 16% above median its 10-year median of 11.12. Over the past 10 years, this metric has ranged from a low of 2.50 to a high of 14.31. The Asset Management industry median 5-Year Yield-on-Cost % is 6.32. Nuveen Churchill Direct Lending's value of 12.95 is 104.9% above this industry median. Based on the distribution chart, Nuveen Churchill Direct Lending ranks #171 out of 1109 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Nuveen Churchill Direct Lending has a GF Score™ of 54/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nuveen Churchill Direct Lending's 5-Year Yield-on-Cost % compare to LDP and MHD?
According to the Asset Management industry distribution chart, Nuveen Churchill Direct Lending ranks #171 out of 1109 companies for 5-Year Yield-on-Cost %. This places Nuveen Churchill Direct Lending in the top 15% of its industry — outperforming the majority of peers. The industry median 5-Year Yield-on-Cost % is 6.32. Nuveen Churchill Direct Lending's value of 12.95 is 104.9% above this benchmark. Historically, Nuveen Churchill Direct Lending's own 5-Year Yield-on-Cost % has ranged from 2.50 to 14.31 over the past decade. While the company's 10-year median is 11.12 vs. the industry median of 6.32, Nuveen Churchill Direct Lending has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 5-Year Yield-on-Cost % for an Asset Management company?
The median 5-Year Yield-on-Cost % among Asset Management companies is 6.32, based on 1,109 companies in the industry. Companies in the top quartile (top 25%) have a 5-Year Yield-on-Cost % significantly above this median, while those in the bottom quartile fall well below. However, 5-Year Yield-on-Cost % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nuveen Churchill Direct Lending's current 5-Year Yield-on-Cost % of 12.95 is 104.9% 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 5-Year Yield-on-Cost % mean?
A high 5-Year Yield-on-Cost % can signal that a stock is expensive relative to its fundamentals. 5-Year Yield on Cost measures the expected yield based on a company's current yield and 5-year dividend growth. View historical data on Nuveen Churchill Direct Lending and its competitors. For the Asset Management industry, the median 5-Year Yield-on-Cost % is 6.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nuveen Churchill Direct Lending's current 5-Year Yield-on-Cost % is 12.95, which is 16% above median its own 10-year median of 11.12. 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?
Based on GuruFocus' analysis, Nuveen Churchill Direct Lending (NCDL) is currently considered Modestly Overvalued. The stock's GF Value™ is $10.71, compared to a current price of $12.82 — trading 19.7% above its estimated fair value. The current 5-Year Yield-on-Cost % is 12.95, which is 16% above median its 10-year median of 11.12 and 104.9% above the Asset Management industry median of 6.32. Nuveen Churchill Direct Lending's overall GF Score™ is 54/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 5-Year Yield-on-Cost % calculated?
5-Year Yield-on-Cost % is calculated from a company's financial statements. For Nuveen Churchill Direct Lending (NCDL), the current 5-Year Yield-on-Cost % is 12.95 as of Aug. 09, 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 Nuveen Churchill Direct Lending (NCDL) Overvalued in 2026?
Based on GuruFocus' analysis, Nuveen Churchill Direct Lending stock appears to be overvalued.
The current stock price of $12.82 is trading 19.7% above its estimated GF Value™ of $10.71.
GuruFocus considers Nuveen Churchill Direct Lending to be Modestly Overvalued.
Key valuation signals for NCDL:
5-Year Yield-on-Cost %: 12.95 (16% above median its 10-year median of 11.12)
GF Value™: $10.71 vs. price of $12.82 (19.7% above fair value)
Industry Position: 104.9% above the Asset Management median (#171 of 1109)
No single metric tells the full story. See the NCDL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
54GF Score
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