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Hercules CapitalHTGC +0.23%68 EV-to-Revenue is 9.38 as of Sep. 22, 2026, which is 27% below its 10-year median of 12.88. GuruFocus rates HTGC with a GF Score™ of 68/100 and a GF Value™ of $18.39 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,436 Asset Management companies, Hercules Capital ranks worse than 55.43% on this metric.
EV-to-Revenue is calculated as enterprise value divided by its revenue. As of today, Hercules Capital's enterprise value is $5,552.9 Mil.
Hercules Capital's Revenue for the trailing twelve months (TTM) ended in Jun. 2026 was $591.8 Mil. Therefore, Hercules Capital's EV-to-Revenue for today is 9.38.
The historical rank and industry rank for Hercules Capital's EV-to-Revenue or its related term are showing as below:
HTGC'
s EV-to-Revenue Range Over the Past 10 Years
Min: 7.68 Med: 12.88 Max: 34.59
Current: 9.38
During the past 13 years, the highest EV-to-Revenue of Hercules Capital was 34.59. The lowest was 7.68. And the median was 12.88.
HTGC's EV-to-Revenue is ranked worse than 55.43% of 1436
companies
in the Asset Management industry
Industry Median: 7.96
vs HTGC: 9.38
As of today (2026-09-22), Hercules Capital's stock price is $17.37.
Hercules Capital's Revenue per Share for the trailing twelve months (TTM) ended in Jun. 2026 was $3.07. Therefore, Hercules Capital's PS Ratio for today is 5.66.
Hercules Capital's share price for today is $17.37.
Hercules Capital's Revenue per Share for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $3.07.
* 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 EV-to-Revenue Related Terms
Hercules Capital EV-to-Revenue Historical Data
* Premium members only.
The historical data trend for Hercules Capital's EV-to-Revenue 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-Revenue, along with its competitors' market caps and EV-to-Revenue 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-Revenue vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Hercules Capital's EV-to-Revenue distribution charts can be found below:
* The bar in red indicates where Hercules Capital's EV-to-Revenue falls into.
Hercules Capital's current Enterprise Value is $5,552.9 Mil.
Hercules Capital's Revenue for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $591.8 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-Revenue of 9.38 as of Sep. 22, 2026. EV to Revenue ratio is the company's enterprise value divided by sales. View historical data on Hercules Capital and its competitors. This is 27% below median its historical median of 12.88. Over the past decade, Hercules Capital's EV-to-Revenue has ranged from 7.68 to 34.59. According to the industry distribution chart, Hercules Capital ranks #796 out of 1436 companies in the Asset Management industry, placing it in the top 55.4%.
Is Hercules Capital's EV-to-Revenue too high?
Hercules Capital's current EV-to-Revenue of 9.38 is 27% below median its 10-year median of 12.88. Over the past 10 years, this metric has ranged from a low of 7.68 to a high of 34.59. The Asset Management industry median EV-to-Revenue is 7.96. Hercules Capital's value of 9.38 is 17.8% above this industry median. Based on the distribution chart, Hercules Capital ranks #796 out of 1436 companies in the Asset Management industry, which is below the industry midpoint. Overall, Hercules Capital has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hercules Capital's EV-to-Revenue compare to ADX and CSQ?
According to the Asset Management industry distribution chart, Hercules Capital ranks #796 out of 1436 companies for EV-to-Revenue. This places Hercules Capital in the lower half of its industry. The industry median EV-to-Revenue is 7.96. Hercules Capital's value of 9.38 is 17.8% above this benchmark. Historically, Hercules Capital's own EV-to-Revenue has ranged from 7.68 to 34.59 over the past decade. While the company's 10-year median is 12.88 vs. the industry median of 7.96, Hercules Capital 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-Revenue for an Asset Management company?
The median EV-to-Revenue among Asset Management companies is 7.96, based on 1,436 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-Revenue significantly above this median, while those in the bottom quartile fall well below. However, EV-to-Revenue should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hercules Capital's current EV-to-Revenue of 9.38 is 17.8% 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-Revenue mean?
A high EV-to-Revenue can signal that a stock is expensive relative to its fundamentals. EV to Revenue ratio is the company's enterprise value divided by sales. View historical data on Hercules Capital and its competitors. For the Asset Management industry, the median EV-to-Revenue is 7.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hercules Capital's current EV-to-Revenue is 9.38, which is 27% below median its own 10-year median of 12.88. 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 Fairly Valued. The stock's GF Value™ is $18.39, compared to a current price of $17.37 — trading 5.5% below its estimated fair value. The current EV-to-Revenue is 9.38, which is 27% below median its 10-year median of 12.88 and 17.8% above the Asset Management industry median of 7.96. Hercules Capital's overall GF Score™ is 68/100 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-Revenue calculated?
EV-to-Revenue is calculated from a company's financial statements. For Hercules Capital (HTGC), the current EV-to-Revenue is 9.38 as of Sep. 22, 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 $17.37 is trading 5.5% below its estimated GF Value™ of $18.39.
GuruFocus considers Hercules Capital to be Fairly Valued.
Key valuation signals for HTGC:
EV-to-Revenue: 9.38 (27% below median its 10-year median of 12.88)
GF Value™: $18.39 vs. price of $17.37 (5.5% below fair value)
Industry Position: 17.8% above the Asset Management median (#796 of 1436)
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.
68GF Score
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