Hercules Capital (LTS:0J4M) ROE % Adjusted to Book Value: 6.17% (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

LTS:0J4M Hercules Capital Inc LTS:0J4M
66 GF Score
Price $16.09
GF Value $18.86
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Hercules Capital ROE % Adjusted to Book Value?

Hercules Capital LTS:0J4M +0.69% 66 ROE % Adjusted to Book Value is 6.17% as of Mar. 2026. GuruFocus rates LTS:0J4M with a GF Score™ of 66/100 and a GF Value™ of $18.86 (Modestly Undervalued). The stock has 5 warning signs investors should review.

Hercules Capital's ROE % for the quarter that ended in Mar. 2026 was 7.65%. Hercules Capital's PB Ratio for the quarter that ended in Mar. 2026 was 1.24. Hercules Capital's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 was 6.17%.


Hercules Capital ROE % Adjusted to Book Value Related Terms


Hercules Capital ROE % Adjusted to Book Value Historical Data

* Premium members only.

The historical data trend for Hercules Capital's ROE % Adjusted to Book Value 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.

Hercules Capital ROE % Adjusted to Book Value Chart

Hercules Capital Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE % Adjusted to Book Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.12 5.98 14.43 8.06 10.43

Hercules Capital Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % Adjusted to Book Value 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 6.08 9.87 14.14 10.64 6.17

LTS:0J4M vs JPC, FSK, DBRG: ROE % Adjusted to Book Value Comparison

For the Asset Management subindustry, Hercules Capital's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Hercules Capital's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where Hercules Capital's ROE % Adjusted to Book Value falls into.


LTS:0J4M
66GF Score
Hercules Capital Inc LTS:0J4M
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hercules Capital ROE % Adjusted to Book Value Calculation

Hercules Capital's ROE % Adjusted to Book Value for the fiscal year that ended in Dec. 2025 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=16.16% / 1.55
=10.43%

Hercules Capital's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=7.65% / 1.24
=6.17%

* 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.

What does a ROE % Adjusted to Book Value of 6.17% mean?
Hercules Capital (LTS:0J4M) has a ROE % Adjusted to Book Value of 6.17% as of Mar. 2026. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Hercules Capital and its competitors.
Is Hercules Capital's ROE % Adjusted to Book Value too high?
Hercules Capital's current ROE % Adjusted to Book Value is 6.17%. Overall, Hercules Capital has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hercules Capital's ROE % Adjusted to Book Value compare to JPC and FSK?
Hercules Capital's ROE % Adjusted to Book Value of 6.17% can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % Adjusted to Book Value for an Asset Management company?
A good ROE % Adjusted to Book Value depends on the Asset Management industry context. However, ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value mean?
A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Hercules Capital and its competitors. Hercules Capital's current ROE % Adjusted to Book Value is 6.17%. 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 (LTS:0J4M) is currently considered Modestly Undervalued. The stock's GF Value™ is $18.86, compared to a current price of $16.09 — trading 14.7% below its estimated fair value. The current ROE % Adjusted to Book Value is 6.17%. Hercules Capital's overall GF Score™ is 66/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % Adjusted to Book Value calculated?
ROE % Adjusted to Book Value is calculated from a company's financial statements. For Hercules Capital (LTS:0J4M), the current ROE % Adjusted to Book Value is 6.17% as of Mar. 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 (LTS:0J4M) Overvalued in 2026?

Based on GuruFocus' analysis, Hercules Capital stock appears to be undervalued. The current stock price of $16.09 is trading 14.7% below its estimated GF Value™ of $18.86. GuruFocus considers Hercules Capital to be Modestly Undervalued.

Key valuation signals for LTS:0J4M:

  • ROE % Adjusted to Book Value: 6.17%
  • GF Value™: $18.86 vs. price of $16.09 (14.7% below fair value)
  • GF Score™: 66/100 with 5 warning signs

No single metric tells the full story. See the LTS:0J4M stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hercules Capital Business Description

Other Exchanges HTGC:USA19H:Germany
Address 1 North B Street, Suite 2000, San Mateo, CA, USA, 94401
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.
66GF Score

Get the complete analysis for LTS:0J4M

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

$16.09
Price
$18.86
GF Value