Hercules Capital, Inc. (HCXY) P/E Ratio History
Historical price-to-earnings valuation from 2018 to 2025
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HCXY Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 8, 2026, Hercules Capital, Inc. (HCXY) trades at a price-to-earnings ratio of 13.4x, with a stock price of $24.81 and trailing twelve-month earnings per share of $1.79.
The current P/E is 86% below its 5-year average of 93.8x. Over the past five years, HCXY's P/E has ranged from a low of 9.3x to a high of 1484.7x, placing the current valuation at the 40th percentile of its historical range.
Compared to the Financial Services sector median P/E of 13.1x, HCXY is roughly in line with its sector peers. The sector includes 775 companies with P/E ratios ranging from 0.0x to 195.8x.
Relative to the broader market, HCXY trades at a notable discount to the S&P 500 median P/E of 25.1x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our HCXY DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
HCXY P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $14B | 10.2 | 0.99 | -24% | |
| $3B | 9.3 | 0.30 | +4% | |
| $243M | 4.9Lowest | 4.84 | +49%Best | |
| $3B | 8.9 | - | +15% | |
| $859M | 7.5 | 0.82 | -4% | |
| $745M | 8.0 | 0.23 | -3% | |
| $5B | 10.3 | 0.16Best | -6% | |
| $3B | 278.4 | - | -98% | |
| $6B | 9.2 | 2.09 | -19% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
HCXY Historical P/E Data (2018–2025)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2025 Q4 | Wed Dec 31 2025 00:00:00 GM | $25.49 | $1.83 | 13.9x | -80% |
| FY2025 Q3 | $25.27 | $1.72 | 14.7x | -79% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $25.03 | $1.51 | 16.6x | -76% |
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $25.23 | $1.33 | 19.0x | -73% |
| FY2024 Q4 | $25.17 | $1.61 | 15.6x | -78% | |
| FY2024 Q3 | Mon Sep 30 2024 00:00:00 GM | $25.63 | $2.00 | 12.8x | -82% |
| FY2024 Q2 | Sun Jun 30 2024 00:00:00 GM | $24.90 | $1.77 | 14.1x | -80% |
| FY2024 Q1 | Sun Mar 31 2024 00:00:00 GM | $25.00 | $2.18 | 11.5x | -84% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $25.25 | $2.29 | 11.0x | -84% |
| FY2023 Q3 | Sat Sep 30 2023 00:00:00 GM | $24.05 | $2.00 | 12.0x | -83% |
| FY2023 Q2 | Fri Jun 30 2023 00:00:00 GM | $24.70 | $2.22 | 11.1x | -84% |
| FY2023 Q1 | Fri Mar 31 2023 00:00:00 GM | $23.96 | $1.48 | 16.2x | -77% |
Average P/E for displayed period: 69.7x
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Start ComparisonHCXY — Frequently Asked Questions
Quick answers to the most common questions about buying HCXY stock.
Is HCXY stock overvalued or undervalued?
HCXY trades at 13.4x P/E, below its 5-year average of 93.8x. At the 40th percentile of historical range, the stock is priced at a discount to its own history.
How does HCXY's valuation compare to peers?
Hercules Capital, Inc. P/E of 13.4x compares to sector median of 13.1x. The premium reflects expected growth above peers.
What is HCXY's PEG ratio?
HCXY PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 2018-2025.