Hercules Capital (HTGC) Price to Book (2009 - 2026)
Hercules Capital's (HTGC) Price to Book was 1.37 for Q3 2026, down 12.6% from 1.57 a year earlier but up 5.7% from the prior quarter.
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Analysis
Hercules Capital (HTGC) Price to Book (2009 - 2026) Analysis & Trends
For FY2025, Price to Book at Hercules Capital was 1.55, down 9.9% from FY2024.
- By year, Price to Book came in at 1.72 in FY2024 (+18.1%), 1.46 in FY2023 (+16.2%), 1.26 in FY2022 (-15.1%) and 1.48 in FY2021 (+15.4%).
- Five-year quarterly Price to Book spans a low of 1.11 in Q3 2022 and a high of 1.79 in Q2 2024.
- Year over year, Price to Book has now declined in each of the last six quarters, with an average decline of 7.9% over the last eight quarters.
- The high point for year-over-year Price to Book in five years was Q3 2023 (growth of 35.8%); the low point was Q1 2026 (a decline of 25.4%).
- Per Business Quant data, the three quarters before Q3 2026 came in at 1.30 (Q2 2026), 1.24 (Q1 2026) and 1.55 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Royalty Pharma | 39.80 Bn | 40.13 Bn | - |
| 2 | Rocket Companies | 38.90 Bn | 27.72 Bn | - |
| 3 | Orix | 38.66 Bn | 9.30 Bn | 13.83 Bn |
| 4 | Federal National Mortgage Association Fannie Mae | 26.46 Bn | -16,107.65 Bn | - |
| 5 | Synchrony Financial | 22.47 Bn | -45.15 Bn | - |
| 6 | Affirm Holdings | 22.07 Bn | 15.11 Bn | - |
| 7 | Royal Gold | 21.71 Bn | 20.92 Bn | 402.46 Mn |
| 8 | Ares Capital | 13.84 Bn | 11.59 Bn | - |
| 9 | Annaly Capital Management | 13.83 Bn | 4.86 Bn | - |
| 10 | Hercules Capital | 3.01 Bn | 2.66 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 1.37 |
| Jun 30, 2026 | 1.30 |
| Mar 31, 2026 | 1.24 |
| Dec 31, 2025 | 1.55 |
| Sep 30, 2025 | 1.57 |
| Jun 30, 2025 | 1.54 |
| Mar 31, 2025 | 1.66 |
| Dec 31, 2024 | 1.72 |
| Sep 30, 2024 | 1.72 |
| Jun 30, 2024 | 1.79 |
| Mar 31, 2024 | 1.59 |
| Dec 31, 2023 | 1.46 |
| Sep 30, 2023 | 1.50 |
| Jun 30, 2023 | 1.35 |
| Mar 31, 2023 | 1.19 |
| Dec 31, 2022 | 1.26 |
| Sep 30, 2022 | 1.11 |
| Jun 30, 2022 | 1.29 |
| Dec 31, 2021 | 1.48 |
| Mar 31, 2021 | 1.41 |
API Access
Hercules Capital Price to Book API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=price-to-book&ticker=HTGC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-book", "ticker": "HTGC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=price-to-book&ticker=HTGC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();