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What is Highland Global Allocation Fund EV-to-OCF?
Highland Global Allocation FundHGLB -1.05%46 EV-to-OCF is 8.16 as of Aug. 25, 2026, which is 76% above its 10-year median of 4.64. GuruFocus rates HGLB with a GF Score™ of 46/100 and a GF Value™ of $4.02 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,503 Asset Management companies, Highland Global Allocation Fund ranks worse than 55.29% on this metric.
The historical rank and industry rank for Highland Global Allocation Fund's EV-to-OCF or its related term are showing as below:
HGLB'
s EV-to-OCF Range Over the Past 10 Years
Min: -14.2 Med: 4.64 Max: 13.18
Current: 8.16
During the past 7 years, the highest EV-to-OCF of Highland Global Allocation Fund was 13.18. The lowest was -14.20. And the median was 4.64.
HGLB's EV-to-OCF is ranked worse than 55.29% of 1503
companies
in the Asset Management industry
Industry Median: 5.9
vs HGLB: 8.16
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Highland Global Allocation Fund (NYSE:HGLB) EV-to-OCF Explanation
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Highland Global Allocation Fund's PE Ratio (TTM) for today is calculated as:
Highland Global Allocation Fund's share price for today is $7.52.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Highland Global Allocation Fund's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was $0.400.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Highland Global Allocation Fund EV-to-OCF Related Terms
Highland Global Allocation Fund EV-to-OCF 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.
For the Asset Management subindustry, Highland Global Allocation Fund's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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.
Highland Global Allocation Fund EV-to-OCF vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Highland Global Allocation Fund's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Highland Global Allocation Fund's EV-to-OCF falls into.
Highland Global Allocation Fund's current Enterprise Value is $175.62 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Highland Global Allocation Fund's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was $21.52 Mil.
* 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.
Highland Global Allocation Fund (HGLB) has a EV-to-OCF of 8.16 as of Aug. 25, 2026. This is 76% above median its historical median of 4.64. According to the industry distribution chart, Highland Global Allocation Fund ranks #831 out of 1503 companies in the Asset Management industry, placing it in the top 55.3%.
Is Highland Global Allocation Fund's EV-to-OCF too high?
Highland Global Allocation Fund's current EV-to-OCF of 8.16 is 76% above median its 10-year median of 4.64. The Asset Management industry median EV-to-OCF is 5.90. Highland Global Allocation Fund's value of 8.16 is 38.3% above this industry median. Based on the distribution chart, Highland Global Allocation Fund ranks #831 out of 1503 companies in the Asset Management industry, which is below the industry midpoint. Overall, Highland Global Allocation Fund has a GF Score™ of 46/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Highland Global Allocation Fund's EV-to-OCF compare to FLC and DHF?
According to the Asset Management industry distribution chart, Highland Global Allocation Fund ranks #831 out of 1503 companies for EV-to-OCF. This places Highland Global Allocation Fund in the lower half of its industry. The industry median EV-to-OCF is 5.90. Highland Global Allocation Fund's value of 8.16 is 38.3% above this benchmark. While the company's 10-year median is 4.64 vs. the industry median of 5.90, Highland Global Allocation Fund 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 EV-to-OCF for an Asset Management company?
The median EV-to-OCF among Asset Management companies is 5.90, based on 1,503 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Highland Global Allocation Fund's current EV-to-OCF of 8.16 is 38.3% 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 EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Asset Management industry, the median EV-to-OCF is 5.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Highland Global Allocation Fund's current EV-to-OCF is 8.16, which is 76% above median its own 10-year median of 4.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Highland Global Allocation Fund stock overvalued right now?
Based on GuruFocus' analysis, Highland Global Allocation Fund (HGLB) is currently considered Significantly Overvalued. The stock's GF Value™ is $4.02, compared to a current price of $7.52 — trading 87.1% above its estimated fair value. The current EV-to-OCF is 8.16, which is 76% above median its 10-year median of 4.64 and 38.3% above the Asset Management industry median of 5.90. Highland Global Allocation Fund's overall GF Score™ is 46/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Highland Global Allocation Fund (HGLB), the current EV-to-OCF is 8.16 as of Aug. 25, 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 Highland Global Allocation Fund (HGLB) Overvalued in 2026?
Based on GuruFocus' analysis, Highland Global Allocation Fund stock appears to be overvalued.
The current stock price of $7.52 is trading 87.1% above its estimated GF Value™ of $4.02.
GuruFocus considers Highland Global Allocation Fund to be Significantly Overvalued.
Key valuation signals for HGLB:
EV-to-OCF: 8.16 (76% above median its 10-year median of 4.64)
GF Value™: $4.02 vs. price of $7.52 (87.1% above fair value)
Industry Position: 38.3% above the Asset Management median (#831 of 1503)
No single metric tells the full story. See the HGLB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Highland Global Allocation Fund is a diversified, closed-end management investment company. The investment objective of the Fund is to seek long-term growth of capital and future income. The Fund seeks to achieve its investment objectives by investing in a portfolio of U.S. and foreign equity, debt, and money market securities. It may also invest in senior loans to domestic or foreign corporations, partnerships, and other entities that operate in a variety of industries and geographic regions.
46GF Score
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