HRZN (Horizon Technology Finance) ROCE %: -15.71% (As of Jun. 2026)

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HRZN Horizon Technology Finance Corp HRZN
50 GF Score
Price $4.66
GF Value $3.52
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Horizon Technology Finance ROCE %?

Horizon Technology Finance HRZN -0.21% 50 ROCE % is -15.71% as of Jun. 2026. GuruFocus rates HRZN with a GF Score™ of 50/100 and a GF Value™ of $3.52 (Significantly Overvalued). The stock has 6 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Horizon Technology Finance's annualized ROCE % for the quarter that ended in Jun. 2026 was -15.71%.

Horizon Technology Finance  (NAS:HRZN) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Horizon Technology Finance ROCE % Related Terms

Horizon Technology Finance ROCE % Historical Data

* Premium members only.

The historical data trend for Horizon Technology Finance's ROCE % 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.

Horizon Technology Finance ROCE % Chart

Horizon Technology Finance Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.19 6.73 1.62 3.60 4.20

Horizon Technology Finance Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -8.14 25.37 10.18 6.04 -15.71
HRZN
50GF Score
Horizon Technology Finance Corp HRZN
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Horizon Technology Finance ROCE % Calculation

Horizon Technology Finance's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=30.144/( ( (821.833 - 81.568) + (811.104 - 114.749) )/ 2 )
=30.144/( (740.265+696.355)/ 2 )
=30.144/718.31
=4.20 %

Horizon Technology Finance's ROCE % of for the quarter that ended in Jun. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Jun. 2026 )  (Q: Mar. 2026 )(Q: Jun. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Jun. 2026 )  (Q: Mar. 2026 )(Q: Jun. 2026 )
=-117.864/( ( (791.647 - 36.401) + (832.048 - 87.172) )/ 2 )
=-117.864/( ( 755.246 + 744.876 )/ 2 )
=-117.864/750.061
=-15.71 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2026) EBIT 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of -15.71% mean?
Horizon Technology Finance (HRZN) has a ROCE % of -15.71% as of Jun. 2026.
Is Horizon Technology Finance's ROCE % too high?
Horizon Technology Finance's current ROCE % is -15.71%. Overall, Horizon Technology Finance has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Horizon Technology Finance's ROCE % compare to PSBD and FUND?
Horizon Technology Finance's ROCE % of -15.71% can be compared against companies in the Asset Management industry. The industry median ROCE % is 4.80. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for an Asset Management company?
The median ROCE % among Asset Management companies is 4.80, based on 702 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Asset Management industry, the median ROCE % is 4.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Horizon Technology Finance's current ROCE % is -15.71%. 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?
Based on GuruFocus' analysis, Horizon Technology Finance (HRZN) is currently considered Significantly Overvalued. The stock's GF Value™ is $3.52, compared to a current price of $4.66 — trading 32.4% above its estimated fair value. The current ROCE % is -15.71%. Horizon Technology Finance's overall GF Score™ is 50/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Horizon Technology Finance (HRZN), the current ROCE % is -15.71% as of Jun. 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 Horizon Technology Finance (HRZN) Overvalued in 2026?

Based on GuruFocus' analysis, Horizon Technology Finance stock appears to be overvalued. The current stock price of $4.66 is trading 32.4% above its estimated GF Value™ of $3.52. GuruFocus considers Horizon Technology Finance to be Significantly Overvalued.

Key valuation signals for HRZN:

  • ROCE %: -15.71%
  • GF Value™: $3.52 vs. price of $4.66 (32.4% above fair value)
  • GF Score™: 50/100 with 6 warning signs

No single metric tells the full story. See the HRZN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Horizon Technology Finance Business Description

Address 312 Farmington Avenue, Farmington, CT, USA, 06032
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.
50GF Score

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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$4.66
Price
$3.52
GF Value