Hercules CapitalHTGC +2.04%60 3-Year Share Buyback Ratio is -11.10 as of Mar. 2026. GuruFocus rates HTGC with a GF Score™ of 60/100 and a GF Value™ of $18.75 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,139 Asset Management companies, Hercules Capital ranks worse than 78.49% on this metric.
Shares Outstanding (EOP) are shares that have been authorized, issued, and purchased by investors and are held by them.
3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. A positive ratio may indicate share buybacks over the period, while a zero or negative ratio may reflect no repurchases or potential share issuance. Hercules Capital's current 3-Year Share Buyback Ratio was -11.10%.
The historical rank and industry rank for Hercules Capital's 3-Year Share Buyback Ratio or its related term are showing as below:
HTGC'
s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -49.7 Med: -10.9 Max: -6.5
Current: -11.1
During the past 13 years, Hercules Capital's highest 3-Year Share Buyback Ratio was -6.50%. The lowest was -49.70%. And the median was -10.90%.
HTGC's 3-Year Share Buyback Ratio is ranked worse than 78.49% of 1139
companies
in the Asset Management industry
Industry Median: -0.8
vs HTGC: -11.10
Hercules Capital (NYSE:HTGC) 3-Year Share Buyback Ratio Explanation
A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.
Be Aware
Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.
Hercules Capital 3-Year Share Buyback Ratio Related Terms
HTGC vs JPC, FSK, DBRG: 3-Year Share Buyback Ratio Comparison
For the Asset Management subindustry, Hercules Capital's 3-Year Share Buyback Ratio, along with its competitors' market caps and 3-Year Share Buyback 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 3-Year Share Buyback Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Hercules Capital's 3-Year Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where Hercules Capital's 3-Year Share Buyback Ratio falls into.
Hercules Capital 3-Year Share Buyback Ratio Calculation
This is the annualized percentage change in shares outstanding from three years ago to the current year. The annualized percentage change is calculated with expontential compound based on the latest four years of annual data on Shares Outstanding (EOP).
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.
What does a 3-Year Share Buyback Ratio of -11.10 mean?
Hercules Capital (HTGC) has a 3-Year Share Buyback Ratio of -11.10 as of Mar. 2026. The 3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. View historical data for Hercules Capital and its competitors. According to the industry distribution chart, Hercules Capital ranks #894 out of 1139 companies in the Asset Management industry, placing it in the top 78.5%.
Is Hercules Capital's 3-Year Share Buyback Ratio too high?
Hercules Capital's current 3-Year Share Buyback Ratio is -11.10. Based on the distribution chart, Hercules Capital ranks #894 out of 1139 companies in the Asset Management industry, which is in the bottom quartile relative to peers. 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 3-Year Share Buyback Ratio compare to JPC and FSK?
According to the Asset Management industry distribution chart, Hercules Capital ranks #894 out of 1139 companies for 3-Year Share Buyback Ratio. This places Hercules Capital in the lower half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year Share Buyback Ratio for an Asset Management company?
A good 3-Year Share Buyback Ratio depends on the Asset Management industry context. However, 3-Year Share Buyback Ratio 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 3-Year Share Buyback Ratio mean?
A high 3-Year Share Buyback Ratio can signal that a stock is expensive relative to its fundamentals. The 3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. View historical data for Hercules Capital and its competitors. Hercules Capital's current 3-Year Share Buyback Ratio is -11.10. 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 $18.75, compared to a current price of $16.01 — trading 14.6% below its estimated fair value. The current 3-Year Share Buyback Ratio is -11.10. 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 3-Year Share Buyback Ratio calculated?
3-Year Share Buyback Ratio is calculated from a company's financial statements. For Hercules Capital (HTGC), the current 3-Year Share Buyback Ratio is -11.10 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 (HTGC) Overvalued in 2026?
Based on GuruFocus' analysis, Hercules Capital stock appears to be undervalued.
The current stock price of $16.01 is trading 14.6% below its estimated GF Value™ of $18.75.
GuruFocus considers Hercules Capital to be Modestly Undervalued.
Key valuation signals for HTGC:
3-Year Share Buyback Ratio: -11.10
GF Value™: $18.75 vs. price of $16.01 (14.6% below fair value)
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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