This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
Median PS Value is calculated as trailing twelve months (TTM) Revenue per Share times 10-Year median PS Ratio. Horizon Technology Finance's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.26. Horizon Technology Finance's 10-Year median PS Ratio is 10.3077. Therefore, the Median PS Value for today is $-2.68.
As of today (2024-04-23), Horizon Technology Finance's share price is $11.68. Horizon Technology Finance's Median PS Value is $-2.68. Therefore, Horizon Technology Finance's Price to Median PS Value for today is 0.00.
The historical rank and industry rank for Horizon Technology Finance's Median PS Value or its related term are showing as below:
During the past 13 years, the highest Price to Median PS Value of Horizon Technology Finance was 2.28. The lowest was 0.90. And the median was 1.05.
HRZN's Price-to-Median-PS-Value is not ranked *
in the Asset Management industry.
Industry Median: 0.91 * Ranked among companies with meaningful Price-to-Median-PS-Value only.
Horizon Technology Finance Median PS Value Historical Data
The historical data trend for Horizon Technology Finance's Median PS Value can be seen below:
* 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.
For the Asset Management subindustry, Horizon Technology Finance's Price-to-Median-PS-Value, along with its competitors' market caps and Price-to-Median-PS-Value 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.
Horizon Technology Finance Price-to-Median-PS-Value Distribution
For the Asset Management industry and Financial Services sector, Horizon Technology Finance's Price-to-Median-PS-Value distribution charts can be found below:
* The bar in red indicates where Horizon Technology Finance's Price-to-Median-PS-Value falls into.
Horizon Technology Finance Median PS Value Calculation
Horizon Technology Finance's Median PS Value for today is calculated as
10-Year Median PS Ratio is 10.3077.
Horizon Technology Finance's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.26.
* 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.
Horizon Technology Finance (NAS:HRZN) Median PS Value Explanation
This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio
is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
It also assumes that over time the profit margin is constant. If a company increases its profit margin to a sustainable level, this value might under-estimate its value. If it has permanent declined profit margins, this may over-estimate the company's value.
Horizon Technology Finance's Price to Median PS Value for today is calculated as
Price to Median PS Value
=
Share Price
/
Median PS Value
=
11.68
/
-2.68
=
* 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.
Horizon Technology Finance Median PS Value Related Terms
Thank you for viewing the detailed overview of Horizon Technology Finance's Median PS Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Horizon Technology Finance (Horizon Technology Finance) Business Description
Horizon Technology Finance Corp is a specialty finance company. Its investment objective is to maximize its investment portfolio's total return by generating current income from the debt investments it makes and capital appreciation from the warrants it receives when making such debt investments. It lends to and invests in development-stage companies in the technology, life science, healthcare information and services and sustainability industries.
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