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Hercules CapitalHTGC -0.68%60 Shiller PE Ratio is 9.45 as of Jul. 21, 2026, which is 24% below its 10-year median of 12.46. GuruFocus rates HTGC with a GF Score™ of 60/100 and a GF Value™ of $18.93 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 775 Asset Management companies, Hercules Capital ranks better than 71.48% on this metric.
As of today (2026-07-21), Hercules Capital's current share price is $16.06. Hercules Capital's E10 for the quarter that ended in Mar. 2026 was $1.70. Hercules Capital's Shiller PE Ratio for today is 9.45.
The historical rank and industry rank for Hercules Capital's Shiller PE Ratio or its related term are showing as below:
HTGC'
s Shiller PE Ratio Range Over the Past 10 Years
Min: 6.51 Med: 12.46 Max: 17.05
Current: 9.46
During the past years, Hercules Capital's highest Shiller PE Ratio was 17.05. The lowest was 6.51. And the median was 12.46.
HTGC's Shiller PE Ratio is ranked better than 71.48% of 775
companies
in the Asset Management industry
Industry Median: 12.76
vs HTGC: 9.46
E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.
Hercules Capital's adjusted earnings per share data for the three months ended in Mar. 2026 was $0.230. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $1.70 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Hercules Capital (NYSE:HTGC) Shiller PE Ratio Explanation
Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.
Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.
Be Aware
Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.
Hercules Capital Shiller PE Ratio Related Terms
Hercules Capital Shiller PE Ratio Historical Data
* Premium members only.
The historical data trend for Hercules Capital's Shiller PE 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.
HTGC vs JPC, FSK, DBRG: Shiller PE Ratio Comparison
For the Asset Management subindustry, Hercules Capital's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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.
Hercules Capital Shiller PE Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Hercules Capital's Shiller PE Ratio distribution charts can be found below:
* The bar in red indicates where Hercules Capital's Shiller PE Ratio falls into.
For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.
* 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's E10 for the quarter that ended in Mar. 2026 is calculated as:
For example, Hercules Capital's adjusted earnings per share data for the three months ended in Mar. 2026 was:
Add all the adjusted EPS together and divide 10 will get our E10.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
Hercules Capital (HTGC) has a Shiller PE Ratio of 9.45 as of Jul. 21, 2026. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Hercules Capital and its competitors. This is 24% below median its historical median of 12.46. Over the past decade, Hercules Capital's Shiller PE Ratio has ranged from 6.51 to 17.05. According to the industry distribution chart, Hercules Capital ranks #221 out of 775 companies in the Asset Management industry, placing it in the top 28.5%.
Is Hercules Capital's Shiller PE Ratio too high?
Hercules Capital's current Shiller PE Ratio of 9.45 is 24% below median its 10-year median of 12.46. Over the past 10 years, this metric has ranged from a low of 6.51 to a high of 17.05. The Asset Management industry median Shiller PE Ratio is 12.76. Hercules Capital's value of 9.45 is 25.9% below this industry median. Based on the distribution chart, Hercules Capital ranks #221 out of 775 companies in the Asset Management industry, which is above the industry midpoint. Overall, Hercules Capital has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hercules Capital's Shiller PE Ratio compare to JPC and FSK?
According to the Asset Management industry distribution chart, Hercules Capital ranks #221 out of 775 companies for Shiller PE Ratio. This puts Hercules Capital in the upper half of its industry. The industry median Shiller PE Ratio is 12.76. Hercules Capital's value of 9.45 is 25.9% below this benchmark. Historically, Hercules Capital's own Shiller PE Ratio has ranged from 6.51 to 17.05 over the past decade. While the company's 10-year median is 12.46 vs. the industry median of 12.76, Hercules Capital 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 Shiller PE Ratio for an Asset Management company?
The median Shiller PE Ratio among Asset Management companies is 12.76, based on 775 companies in the industry. Companies in the top quartile (top 25%) have a Shiller PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Shiller PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hercules Capital's current Shiller PE Ratio of 9.45 is 25.9% 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 Shiller PE Ratio mean?
A high Shiller PE Ratio can signal that a stock is expensive relative to its fundamentals. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Hercules Capital and its competitors. For the Asset Management industry, the median Shiller PE Ratio is 12.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hercules Capital's current Shiller PE Ratio is 9.45, which is 24% below median its own 10-year median of 12.46. 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 (HTGC) is currently considered Modestly Undervalued. The stock's GF Value™ is $18.93, compared to a current price of $16.06 — trading 15.2% below its estimated fair value. The current Shiller PE Ratio is 9.45, which is 24% below median its 10-year median of 12.46 and 25.9% below the Asset Management industry median of 12.76. Hercules Capital's overall GF Score™ is 60/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shiller PE Ratio calculated?
Shiller PE Ratio is calculated from a company's financial statements. For Hercules Capital (HTGC), the current Shiller PE Ratio is 9.45 as of Jul. 21, 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 (HTGC) Overvalued in 2026?
Based on GuruFocus' analysis, Hercules Capital stock appears to be undervalued.
The current stock price of $16.06 is trading 15.2% below its estimated GF Value™ of $18.93.
GuruFocus considers Hercules Capital to be Modestly Undervalued.
Key valuation signals for HTGC:
Shiller PE Ratio: 9.45 (24% below median its 10-year median of 12.46)
GF Value™: $18.93 vs. price of $16.06 (15.2% below fair value)
Industry Position: 25.9% below the Asset Management median (#221 of 775)
No single metric tells the full story. See the HTGC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
60GF Score
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