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Horizon Technology FinanceHRZN -0.21%50 5-Year Yield-on-Cost % is 23.46 as of Sep. 21, 2026, which is 94% above its 10-year median of 12.07. 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. Among 1,106 Asset Management companies, Horizon Technology Finance ranks better than 95.39% on this metric.
Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.
Horizon Technology Finance 5-Year Yield-on-Cost % Related Terms
HRZN vs PSBD, FUND, AFB: 5-Year Yield-on-Cost % Comparison
For the Asset Management subindustry, Horizon Technology Finance's 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % 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 5-Year Yield-on-Cost % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Horizon Technology Finance's 5-Year Yield-on-Cost % distribution charts can be found below:
* The bar in red indicates where Horizon Technology Finance's 5-Year Yield-on-Cost % falls into.
Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.
Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.
Horizon Technology Finance (HRZN) has a 5-Year Yield-on-Cost % of 23.46 as of Sep. 21, 2026. 5-Year Yield on Cost measures the expected yield based on a company's current yield and 5-year dividend growth. View historical data on Horizon Technology Finance and its competitors. This is 94% above median its historical median of 12.07. Over the past decade, Horizon Technology Finance's 5-Year Yield-on-Cost % has ranged from 7.57 to 36.25. According to the industry distribution chart, Horizon Technology Finance ranks #51 out of 1106 companies in the Asset Management industry, placing it in the top 4.6%.
Is Horizon Technology Finance's 5-Year Yield-on-Cost % too high?
Horizon Technology Finance's current 5-Year Yield-on-Cost % of 23.46 is 94% above median its 10-year median of 12.07. Over the past 10 years, this metric has ranged from a low of 7.57 to a high of 36.25. The Asset Management industry median 5-Year Yield-on-Cost % is 6.46. Horizon Technology Finance's value of 23.46 is 263.4% above this industry median. Based on the distribution chart, Horizon Technology Finance ranks #51 out of 1106 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. 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 5-Year Yield-on-Cost % compare to PSBD and FUND?
According to the Asset Management industry distribution chart, Horizon Technology Finance ranks #51 out of 1106 companies for 5-Year Yield-on-Cost %. This places Horizon Technology Finance in the top 5% of its industry — outperforming the majority of peers. The industry median 5-Year Yield-on-Cost % is 6.46. Horizon Technology Finance's value of 23.46 is 263.4% above this benchmark. Historically, Horizon Technology Finance's own 5-Year Yield-on-Cost % has ranged from 7.57 to 36.25 over the past decade. While the company's 10-year median is 12.07 vs. the industry median of 6.46, Horizon Technology Finance has consistently been above 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 5-Year Yield-on-Cost % for an Asset Management company?
The median 5-Year Yield-on-Cost % among Asset Management companies is 6.46, based on 1,106 companies in the industry. Companies in the top quartile (top 25%) have a 5-Year Yield-on-Cost % significantly above this median, while those in the bottom quartile fall well below. However, 5-Year Yield-on-Cost % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Horizon Technology Finance's current 5-Year Yield-on-Cost % of 23.46 is 263.4% above 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 5-Year Yield-on-Cost % mean?
A high 5-Year Yield-on-Cost % can signal that a stock is expensive relative to its fundamentals. 5-Year Yield on Cost measures the expected yield based on a company's current yield and 5-year dividend growth. View historical data on Horizon Technology Finance and its competitors. For the Asset Management industry, the median 5-Year Yield-on-Cost % is 6.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Horizon Technology Finance's current 5-Year Yield-on-Cost % is 23.46, which is 94% above median its own 10-year median of 12.07. 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 5-Year Yield-on-Cost % is 23.46, which is 94% above median its 10-year median of 12.07 and 263.4% above the Asset Management industry median of 6.46. 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 5-Year Yield-on-Cost % calculated?
5-Year Yield-on-Cost % is calculated from a company's financial statements. For Horizon Technology Finance (HRZN), the current 5-Year Yield-on-Cost % is 23.46 as of Sep. 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 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:
5-Year Yield-on-Cost %: 23.46 (94% above median its 10-year median of 12.07)
GF Value™: $3.52 vs. price of $4.66 (32.4% above fair value)
Industry Position: 263.4% above the Asset Management median (#51 of 1106)
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 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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