What is Highland Global Allocation Fund EV-to-FCF?
Highland Global Allocation FundHGLB -0.65%46 EV-to-FCF is 8.24 as of Jul. 10, 2026, which is 76% above its 10-year median of 4.67. GuruFocus rates HGLB with a GF Score™ of 46/100 and a GF Value™ of $3.93 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 936 Asset Management companies, Highland Global Allocation Fund ranks better than 71.37% on this metric.
The historical rank and industry rank for Highland Global Allocation Fund's EV-to-FCF or its related term are showing as below:
HGLB'
s EV-to-FCF Range Over the Past 10 Years
Min: -14.2 Med: 4.67 Max: 13.18
Current: 8.24
During the past 7 years, the highest EV-to-FCF of Highland Global Allocation Fund was 13.18. The lowest was -14.20. And the median was 4.67.
HGLB's EV-to-FCF is ranked better than 71.37% of 936
companies
in the Asset Management industry
Industry Median: 14.515
vs HGLB: 8.24
EV-to-FCF 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-FCF Explanation
EV-to-FCF 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 $7.59.
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. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Highland Global Allocation Fund EV-to-FCF Related Terms
Highland Global Allocation Fund EV-to-FCF 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-FCF, along with its competitors' market caps and EV-to-FCF 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-FCF vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Highland Global Allocation Fund's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Highland Global Allocation Fund's EV-to-FCF falls into.
Highland Global Allocation Fund's current Enterprise Value is $177.27 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Highland Global Allocation Fund's Free Cash Flow 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-FCF of 8.24 as of Jul. 10, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Highland Global Allocation Fund and its competitors. This is 76% above median its historical median of 4.67. According to the industry distribution chart, Highland Global Allocation Fund ranks #268 out of 936 companies in the Asset Management industry, placing it in the top 28.6%.
Is Highland Global Allocation Fund's EV-to-FCF too high?
Highland Global Allocation Fund's current EV-to-FCF of 8.24 is 76% above median its 10-year median of 4.67. The Asset Management industry median EV-to-FCF is 14.52. Highland Global Allocation Fund's value of 8.24 is 43.2% below this industry median. Based on the distribution chart, Highland Global Allocation Fund ranks #268 out of 936 companies in the Asset Management industry, which is above 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-FCF compare to FLC and DHF?
According to the Asset Management industry distribution chart, Highland Global Allocation Fund ranks #268 out of 936 companies for EV-to-FCF. This puts Highland Global Allocation Fund in the upper half of its industry. The industry median EV-to-FCF is 14.52. Highland Global Allocation Fund's value of 8.24 is 43.2% below this benchmark. While the company's 10-year median is 4.67 vs. the industry median of 14.52, Highland Global Allocation Fund has consistently been below 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-FCF for an Asset Management company?
The median EV-to-FCF among Asset Management companies is 14.52, based on 936 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF 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-FCF of 8.24 is 43.2% below 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-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Highland Global Allocation Fund and its competitors. For the Asset Management industry, the median EV-to-FCF is 14.52 — 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-FCF is 8.24, which is 76% above median its own 10-year median of 4.67. 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 $3.93, compared to a current price of $7.59 — trading 93.1% above its estimated fair value. The current EV-to-FCF is 8.24, which is 76% above median its 10-year median of 4.67 and 43.2% below the Asset Management industry median of 14.52. 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-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Highland Global Allocation Fund (HGLB), the current EV-to-FCF is 8.24 as of Jul. 10, 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 $7.59 is trading 93.1% above its estimated GF Value™ of $3.93.
GuruFocus considers Highland Global Allocation Fund to be Significantly Overvalued.
Key valuation signals for HGLB:
EV-to-FCF: 8.24 (76% above median its 10-year median of 4.67)
GF Value™: $3.93 vs. price of $7.59 (93.1% above fair value)
Industry Position: 43.2% below the Asset Management median (#268 of 936)
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 Business Description
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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