Is Nuveen Churchill Direct Lending Corp. overvalued or undervalued?

As of 27 February 2025, the valuation grade for Nuveen Churchill Direct Lending Corp. has moved from attractive to very attractive. The company appears to be undervalued, supported by a P/E ratio of 8, which is significantly lower than the industry average. Additionally, the EV to EBITDA ratio stands at 3.76, indicating a favorable valuation compared to earnings before interest, taxes, depreciation, and amortization. The PEG ratio is also appealing at 0.86, suggesting that the stock is reasonably priced relative to its growth rate.
In comparison to its peers, Nuveen Churchill Direct Lending Corp. has a P/E ratio of 8.12 and an EV to EBITDA of 3.82, which are competitive metrics. This positions the company favorably against its peers, reinforcing the notion that it is undervalued. While the stock has underperformed relative to the S&P 500 over the past year, this may present a buying opportunity for investors looking for value in the current market.