Hercules Capital, Inc. (HTGC) is a publicly traded company in the Financial Services — Asset Management industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
Hercules Capital, Inc. is a business development company. The firm specializing in providing private equity, venture debt, and growth capital to privately held venture capital-backed companies at all stages of development from mid venture to expansion stage including select publicly listed companies and select special opportunity companies that require additional capital to fund acquisitions, recapitalizations and refinancing and established-stage companies.
Is Hercules Capital, Inc. stock overvalued or undervalued in 2026?
Hercules Capital, Inc. (HTGC) trades at 9.0× earnings (P/E), below the median of the 324 financial services companies over $2bn in Kaplio's universe. At the decade median (10.2×) $19 (+13 %); at its sector median (13.0×) $24 (+45 %).
Kaplio overview: Hercules Capital, Inc.
Market cap $3B · 52 weeks $14 – $19 (13 % below the high) · P/E 9.0× · 2027 expected P/E 8.5× · Dividend 11.8 % · Next earnings February 11, 2027 · expected EPS $0.49 · Closing price, Oct 30 · accounts published Oct 29.
- Valuation: P/E 9.0× (fairly priced).
- Business: ROE 15.8 % (passes, near the threshold).
- Balance sheet: Debt/Equity 1.10 (fragile).
- Earnings: 4 of 8 (uneven).
What would it be worth at its usual multiples?
At the decade median (10.2×) $19 (+13 %); at its sector median (13.0×) $24 (+45 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
What matters in financial services: 3 of 6 pass
- 5y revenue growth −1.1 %, fails.
- FCF / Net Income −125.4 %, fails.
- Debt / Equity 1.10, fails.
- Operating margin 66.7 %, passes.
- ROE 15.8 %, passes, near the threshold.
- P/E vs own 5y 9.0×, passes.
Against its peers (reference peers) — Hercules Capital, Inc.: P/E 9.0×; EV/EBITDA 12.8×; ROIC 9.0 %; $3.1B. Golub Capital BDC, Inc. (P/E 23.1×; EV/EBITDA 19.8×; ROIC 4.8 %; $3.3B), Main Street Capital Corporation (P/E 11.1×; EV/EBITDA 16.6×; ROIC 7.2 %; $5.2B), Ares Capital Corporation (P/E 15.7×; EV/EBITDA 16.1×; ROIC 4.9 %; $13.8B).
Expensive or cheap against its last ten years?
P/E at each close: today 9.0× · median 10.2× · minimum 3.9× · maximum 24.6× · cheap below 8.6× · expensive above 14.2×. It has been cheaper than today only 40% of the time over its last ten years.
Dividend
fragile · Yield 11.8 % ($1.80 per share in 2025) · 5-year growth +6 % a year · Free cash flow coverage -0.5× · With $1,000 invested today you'd collect $117.50 a year ($9.79 a month).
Profitability
| Return on Equity | 15.80% |
| Return on Invested Capital | 9.01% |
| Return on Assets | 7.21% |
| Gross Margin | 93.11% |
| Operating Margin | 80.29% |
| Net Margin | 65.08% |
Financial Health
| Debt / Equity | 1.10 |
| Current Ratio | 1.41 |
| Piotroski F-Score | 5 |
| Altman Z-Score | 1.28 |
Price Performance
| 1 month | -0.90% |
| 3 months | -1.31% |
| Year-to-date | -11.85% |
| 1 year | -7.42% |
| 3 years | +3.04% |
| 5 years | -7.27% |
| 10 years | +27.81% |
Dividend History
Paid in the last 12 months: $1.9500 per share in 4 payments.
| Date | Amount |
|---|---|
| 2026-11-10 | $0.4700 |
| 2026-08-11 | $0.4700 |
| 2026-05-14 | $0.4700 |
| 2026-02-25 | $0.4700 |
| 2025-11-12 | $0.5400 |
| 2025-08-12 | $0.4700 |
| 2025-05-13 | $0.5400 |
| 2025-02-26 | $0.5400 |
| 2024-11-13 | $0.4800 |
| 2024-08-13 | $0.4800 |
Amounts adjusted for stock splits.
Related companies: ARCC · GBDC · MAIN · FSK
Explore sector: Financial Services · Asset Management
More sections of HTGC: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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