The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-04-24), Horizon Technology Finance's share price is $11.68. Horizon Technology Finance's Book Value per Share for the quarter that ended in Dec. 2023 was $9.71. Hence, Horizon Technology Finance's PB Ratio of today is 1.20.
The historical rank and industry rank for Horizon Technology Finance's PB Ratio or its related term are showing as below:
HRZN'
s PB Ratio Range Over the Past 10 Years
Min: 0.59 Med: 1 Max: 1.6
Current: 1.2
During the past 13 years, Horizon Technology Finance's highest PB Ratio was 1.60. The lowest was 0.59. And the median was 1.00.
HRZN's PB Ratio is ranked worse than 77.54% of 1692
companies
in the Asset Management industry
Industry Median: 0.92
vs HRZN: 1.20
During the past 12 months, Horizon Technology Finance's average Book Value Per Share Growth Rate was -15.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -4.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -2.70% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -3.10% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Horizon Technology Finance was -0.20% per year. The lowest was -6.50% per year. And the median was -4.10% per year.
Back to Basics: PB Ratio
Horizon Technology Finance PB Ratio Historical Data
The historical data trend for Horizon Technology Finance's PB Ratio 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, Horizon Technology Finance's PB Ratio, along with its competitors' market caps and PB Ratio 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 PB Ratio Distribution
For the Asset Management industry and Financial Services sector, Horizon Technology Finance's PB Ratio distribution charts can be found below:
* The bar in red indicates where Horizon Technology Finance's PB Ratio falls into.
Horizon Technology Finance PB Ratio Calculation
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
Horizon Technology Finance's PB Ratio for today is calculated as follows:
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Horizon Technology Finance (NAS:HRZN) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Horizon Technology Finance PB Ratio Related Terms
Thank you for viewing the detailed overview of Horizon Technology Finance's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Horizon Technology Finance (Horizon Technology Finance) Business Description
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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