EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Horizon Technology Finance's Enterprise Value is $729.41 Mil.
Horizon Technology Finance's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $27.69 Mil. Therefore, Horizon Technology Finance's EV-to-FCF for today is 26.34.
The historical rank and industry rank for Horizon Technology Finance's EV-to-FCF or its related term are showing as below:
HRZN'
s EV-to-FCF Range Over the Past 10 Years
Min: -165.6 Med: -5.84 Max: 198.22
Current: 26.34
During the past 13 years, the highest EV-to-FCF of Horizon Technology Finance was 198.22. The lowest was -165.60. And the median was -5.84.
HRZN's EV-to-FCF is ranked worse than 70.83% of 936
companies
in the Asset Management industry
Industry Median: 14.515
vs HRZN: 26.34
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.
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.
Horizon Technology Finance's PE Ratio (TTM) for today is calculated as:
Horizon Technology Finance's share price for today is $4.64.
Horizon Technology Finance'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 $0.430.
* 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.
Horizon Technology Finance EV-to-FCF Related Terms
Horizon Technology Finance 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, Horizon Technology Finance'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.
Horizon Technology Finance EV-to-FCF vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Horizon Technology Finance's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Horizon Technology Finance's EV-to-FCF falls into.
Horizon Technology Finance's current Enterprise Value is $729.41 Mil.
Horizon Technology Finance's Free Cash Flow 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 $27.69 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.
Horizon Technology Finance (HRZN) has a EV-to-FCF of 26.34 as of Jul. 08, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Horizon Technology Finance and its competitors. According to the industry distribution chart, Horizon Technology Finance ranks #663 out of 936 companies in the Asset Management industry, placing it in the top 70.8%.
Is Horizon Technology Finance's EV-to-FCF too high?
Horizon Technology Finance's current EV-to-FCF is 26.34. The Asset Management industry median EV-to-FCF is 14.52. Horizon Technology Finance's value of 26.34 is 81.5% above this industry median. Based on the distribution chart, Horizon Technology Finance ranks #663 out of 936 companies in the Asset Management industry, which is below the industry midpoint. Overall, Horizon Technology Finance has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Horizon Technology Finance's EV-to-FCF compare to KF and KWY?
According to the Asset Management industry distribution chart, Horizon Technology Finance ranks #663 out of 936 companies for EV-to-FCF. This places Horizon Technology Finance in the lower half of its industry. The industry median EV-to-FCF is 14.52. Horizon Technology Finance's value of 26.34 is 81.5% above this benchmark. 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. Horizon Technology Finance's current EV-to-FCF of 26.34 is 81.5% 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-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 Horizon Technology Finance 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. Horizon Technology Finance's current EV-to-FCF is 26.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Horizon Technology Finance stock overvalued right now?
Horizon Technology Finance (HRZN) has a current EV-to-FCF of 26.34. The current EV-to-FCF is 26.34 and 81.5% above the Asset Management industry median of 14.52. Horizon Technology Finance's overall GF Score™ is 19/100 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-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Horizon Technology Finance (HRZN), the current EV-to-FCF is 26.34 as of Jul. 08, 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.
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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