EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Hercules Capital's Enterprise Value is $5,507.6 Mil.
Hercules Capital's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was $-434.2 Mil. Therefore, Hercules Capital's EV-to-OCF for today is -12.68.
The historical rank and industry rank for Hercules Capital's EV-to-OCF or its related term are showing as below:
HTGC'
s EV-to-OCF Range Over the Past 10 Years
Min: -1331.8 Med: -12.79 Max: 152.48
Current: -12.68
During the past 13 years, the highest EV-to-OCF of Hercules Capital was 152.48. The lowest was -1331.80. And the median was -12.79.
HTGC's EV-to-OCF is ranked better than 76.43% of 1506
companies
in the Asset Management industry
Industry Median: 6.29
vs HTGC: -12.68
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.
Hercules Capital (NYSE:HTGC) 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.
Hercules Capital's PE Ratio (TTM) for today is calculated as:
Hercules Capital's share price for today is $16.01.
Hercules Capital's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.770.
* 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.
Hercules Capital EV-to-OCF Related Terms
Hercules Capital EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Hercules Capital's EV-to-OCF 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, Hercules Capital'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.
Hercules Capital EV-to-OCF vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Hercules Capital's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Hercules Capital's EV-to-OCF falls into.
Hercules Capital's current Enterprise Value is $5,507.6 Mil.
Hercules Capital's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-434.2 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.
Hercules Capital (HTGC) has a EV-to-OCF of -12.68 as of Jul. 12, 2026. According to the industry distribution chart, Hercules Capital ranks #355 out of 1506 companies in the Asset Management industry, placing it in the top 23.6%.
Is Hercules Capital's EV-to-OCF too high?
Hercules Capital's current EV-to-OCF is -12.68. Based on the distribution chart, Hercules Capital ranks #355 out of 1506 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Hercules Capital has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hercules Capital's EV-to-OCF compare to JPC and FSK?
According to the Asset Management industry distribution chart, Hercules Capital ranks #355 out of 1506 companies for EV-to-OCF. This places Hercules Capital in the top 24% of its industry — outperforming the majority of peers. The industry median EV-to-OCF is 6.29. 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 6.29, based on 1,506 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. 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 6.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hercules Capital's current EV-to-OCF is -12.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hercules Capital stock overvalued right now?
Based on GuruFocus' analysis, Hercules Capital (HTGC) is currently considered Modestly Undervalued. The stock's GF Value™ is $18.75, compared to a current price of $16.01 — trading 14.6% below its estimated fair value. The current EV-to-OCF is -12.68. Hercules Capital's overall GF Score™ is 60/100 with 5 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 Hercules Capital (HTGC), the current EV-to-OCF is -12.68 as of Jul. 12, 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 Hercules Capital (HTGC) Overvalued in 2026?
Based on GuruFocus' analysis, Hercules Capital stock appears to be undervalued.
The current stock price of $16.01 is trading 14.6% below its estimated GF Value™ of $18.75.
GuruFocus considers Hercules Capital to be Modestly Undervalued.
Key valuation signals for HTGC:
EV-to-OCF: -12.68
GF Value™: $18.75 vs. price of $16.01 (14.6% below fair value)
No single metric tells the full story. See the HTGC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hercules Capital Inc is a specialty finance company focused on providing senior secured loans to high-growth, venture capital-backed, and institutional-backed companies in a variety of technology and life sciences industries. The company's primary business objectives are to increase its net income, net investment income, and net asset value (NAV) through its investments mainly in structured debt or senior secured debt instruments of venture capital-backed and institutional-backed companies across a variety of technology-related industries at attractive yields. It finances companies belonging to computer software and hardware, networking systems, semiconductors, medical devices, bio-pharmaceutical, and other related sectors.
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