HRZN
Horizon Technology Finance
PE ratio, current and historical analysis
- Stocks
- Financial Services
- NASDAQ: HRZN
- PE Ratio
As of Jun 3, 2026, the HRZN stock has a PE ratio of 9.04. The calculation is based on the latest EPS of $0.49 and the stock price of $4.43 per share.
HRZN PE ratio history
The mean historical PE ratio of Horizon Technology Finance over the last ten years is 14.11. The current 9.04 P/E ratio is 36% lower than the historical average. Looking back at the last ten years, HRZN's PE ratio peaked in the Dec 2020 quarter at 36.78, with a price of $13.24 and an EPS of $0.36. The Mar 2020 quarter marked the lowest point at 7.06, with a price of $8.12 and an EPS of $1.15.
Horizon Technology Finance PE ratio by year
Maximum annual increase: 312.33% in 2020
Maximum annual decrease: -77.25% in 2014
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | N/A | N/A | $6.45 | -$0.06 |
| 2024 | N/A | N/A | $8.99 | -$0.16 |
| 2023 | N/A | N/A | $13.17 | -$0.56 |
| 2022 | 13.49 | 17.82% | $11.6 | $0.86 |
| 2021 | 11.45 | -68.87% | $15.92 | $1.39 |
| 2020 | 36.78 | 312.33% | $13.24 | $0.36 |
| 2019 | 8.92 | -10.44% | $12.93 | $1.45 |
| 2018 | 9.96 | -26.33% | $11.25 | $1.13 |
| 2017 | 13.52 | N/A | $11.22 | $0.83 |
| 2016 | N/A | N/A | $10.53 | -$0.43 |
| 2015 | 11.07 | 26.66% | $11.73 | $1.06 |
| 2014 | 8.74 | -77.25% | $13.99 | $1.6 |
| 2013 | 38.41 | 21.01% | $14.21 | $0.37 |
| 2012 | 31.74 | 180.14% | $14.92 | $0.47 |
| 2011 | 11.33 | N/A | $16.32 | $1.44 |
Horizon Technology Finance PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | 8.59 | N/A | $4.21 | $0.49 |
| Dec 2025 | N/A | N/A | $6.45 | -$0.06 |
| Sep 2025 | N/A | N/A | $6.1 | -$0.67 |
| Jun 2025 | N/A | N/A | $7.2 | -$1.18 |
| Mar 2025 | N/A | N/A | $9.42 | -$0.94 |
| Dec 2024 | N/A | N/A | $8.99 | -$0.16 |
| Sep 2024 | N/A | N/A | $10.65 | -$0.14 |
| Jun 2024 | N/A | N/A | $12.04 | -$0.71 |
| Mar 2024 | N/A | N/A | $11.37 | -$0.44 |
| Dec 2023 | N/A | N/A | $13.17 | -$0.56 |
| Sep 2023 | N/A | N/A | $11.88 | -$0.02 |
| Jun 2023 | 20.83 | 62.48% | $12.08 | $0.58 |
| Mar 2023 | 12.82 | -4.97% | $11.28 | $0.88 |
| Dec 2022 | 13.49 | 7.83% | $11.6 | $0.86 |
| Sep 2022 | 12.51 | 30.04% | $10.01 | $0.8 |
HRZN Price vs fair value
HRZN average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
The current PE ratio of HRZN is lower than its 5 and 10-year averages.
PE comparison
Horizon Technology Finance's price to earnings (P/E) of 9.04 is lower than the Financial Services sector and the industry average. In comparison with the Financial Services sector average of 12.1, Horizon Technology Finance's price to earnings (P/E) is 25% lower.
HRZN PE vs peers
In comparison to its peer stock OCSL, HRZN's PE ratio is lower.
| Stock name | PE ratio | Market cap |
|---|---|---|
| HRZN Horizon Technology Finance Corp | 9.49 | $317.41M |
| OCSL Oaktree Specialty Lending Corp | 21.44 | $1.08B |
| OFS OFS Capital Corp | N/A | $47.16M |
Frequently asked questions
What is Horizon Technology Finance's PE ratio?
The price to earnings ratio for HRZN stock is 9.04 as of Jun 3, 2026.
What is the 5-year average PE ratio for Horizon Technology Finance (HRZN)?
Over the last 5 years, the average price to earnings ratio for HRZN stock is 14.14.
What is the highest PE ratio for HRZN?
Over the last ten years, the Dec 2020 quarter recorded the highest quarterly PE ratio at 36.78.
How does the current PE ratio for HRZN compare to its historical average?
HRZN's current price to earnings ratio is 36% below its 10-year historical average.
Why is Horizon Technology Finance's PE ratio so low?
HRZN's PE ratio is low because its earnings per share (EPS) is high relative to its stock price.
How is HRZN's PE ratio calculated (Horizon Technology Finance PE ratio formula)?
The P/E ratio is obtained by dividing the latest price of a stock by its trailing twelve months EPS. As of today (Jun 3, 2026), Horizon Technology Finance's share price is $4.43. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2026 is $0.49. Therefore, Horizon Technology Finance's PE ratio for today is 9.04. PE RATIO(9.04) = STOCK PRICE($4.43) / TTM EPS($0.49)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.