Hercules Capital, Inc. (HTGC) P/E Ratio History
Historical price-to-earnings valuation from 2005 to 2026
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HTGC Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 6, 2026, Hercules Capital, Inc. (HTGC) trades at a price-to-earnings ratio of 9.0x, with a stock price of $16.57 and trailing twelve-month earnings per share of $1.47.
The current P/E is 49% below its 5-year average of 17.5x. Over the past five years, HTGC's P/E has ranged from a low of 5.9x to a high of 122.6x, placing the current valuation at the 40th percentile of its historical range.
Compared to the Financial Services sector median P/E of 13.3x, HTGC trades at a 33% discount to its sector peers. The sector includes 779 companies with P/E ratios ranging from 0.0x to 197.4x.
Relative to the broader market, HTGC 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 HTGC 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.
HTGC 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 | 10.4 | 1.01 | -24% | |
| $4B | 9.4 | 0.31 | +4% | |
| $6B | 9.6 | 2.18 | -19% | |
| $222M | 4.5Lowest | 4.43 | +49% | |
| $1B | 9.8 | - | +87%Best | |
| $871M | 9.4 | 0.26Best | -3% | |
| $881M | 7.7 | 0.84 | -4% | |
| $728M | 8.3 | 0.65 | -3% | |
| $677M | 9.6 | - | -28% | |
| $908M | 12.7 | 1.43 | -49% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
HTGC Historical P/E Data (2005–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | $14.77 | $1.77 | 8.3x | -55% | |
| FY2025 Q4 | Wed Dec 31 2025 00:00:00 GM | $18.82 | $1.83 | 10.3x | -45% |
| FY2025 Q3 | $18.91 | $1.72 | 11.0x | -41% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $18.28 | $1.51 | 12.1x | -35% |
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $19.21 | $1.33 | 14.4x | -22% |
| FY2024 Q4 | $20.09 | $1.61 | 12.5x | -33% | |
| FY2024 Q3 | Mon Sep 30 2024 00:00:00 GM | $19.64 | $2.02 | 9.7x | -48% |
| FY2024 Q2 | Sun Jun 30 2024 00:00:00 GM | $20.45 | $1.79 | 11.4x | -39% |
| FY2024 Q1 | Sun Mar 31 2024 00:00:00 GM | $18.45 | $2.20 | 8.4x | -55% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $16.67 | $2.31 | 7.2x | -61% |
| FY2023 Q3 | Sat Sep 30 2023 00:00:00 GM | $16.42 | $2.00 | 8.2x | -56% |
| FY2023 Q2 | Fri Jun 30 2023 00:00:00 GM | $14.80 | $2.22 | 6.7x | -64% |
Average P/E for displayed period: 18.6x
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Start ComparisonHTGC — Frequently Asked Questions
Quick answers to the most common questions about buying HTGC stock.
Is HTGC stock overvalued or undervalued?
HTGC trades at 9.0x P/E, below its 5-year average of 17.5x. At the 40th percentile of historical range, the stock is priced at a discount to its own history.
How does HTGC's valuation compare to peers?
Hercules Capital, Inc. P/E of 9.0x compares to sector median of 13.3x. The discount suggests lower growth expectations or higher risk.
What is HTGC's PEG ratio?
HTGC PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 2005-2026.