As of Nov 2, 2026, HTGC's PEG ratio of 0.89 reflects its valuation relative to its growth rate. This result reflects a P/E ratio of 8.61 measured against EPS growth of 9.7%. When compared to the trailing 4-quarter average of 0.47, HTGC's PEG ratio reflects a 90% increase.
Hercules Capital's ten years historical PEG ratio has a mean of 1.26. Compared to historical data, HTGC's 0.89 PEG ratio represents a drop of 29%. HTGC hit its maximum PEG ratio of 12.43 during the Jun 2019 quarter over the last ten years. The Jun 2023 quarter marked the lowest reading at 0, indicating the most favorable growth-adjusted valuation.
| Year | PEG ratio | PE ratio | Growth YoY |
|---|---|---|---|
| 2025 | 0.55 | 9.91 | 18% |
| 2024 | N/A | 12.48 | -30.6% |
| 2023 | 0.04 | 7.19 | 190% |
| 2022 | N/A | 16.53 | -46.7% |
| 2021 | N/A | 11.06 | -25.7% |
| 2020 | 0.39 | 7.14 | 18.1% |
| 2019 | 0.08 | 8.2 | 106% |
| 2018 | N/A | 13.31 | -12.6% |
| 2017 | 3.14 | 13.81 | 4.4% |
| 2016 | 0.3 | 15.51 | 51.7% |
| 2015 | N/A | 20.32 | -46.4% |
| 2014 | N/A | 13.29 | -32.9% |
| 2013 | 0.12 | 9.82 | 79.6% |
| 2012 | N/A | 11.97 | -13.9% |
| 2011 | 0.01 | 8.74 | 800% |
| Year | PEG ratio | PE ratio | Growth YoY |
|---|---|---|---|
| Sep 2026 | 0.9 | 8.76 | 9.7% |
| Jun 2026 | 0.2 | 7.58 | 37.7% |
| Mar 2026 | 0.22 | 8.12 | 36.8% |
| Dec 2025 | 0.55 | 9.91 | 18% |
| Sep 2025 | N/A | 10.81 | -14.6% |
| Jun 2025 | N/A | 12.11 | -17% |
| Mar 2025 | N/A | 14.44 | -40.1% |
| Dec 2024 | N/A | 12.48 | -30.6% |
| Sep 2024 | 9.58 | 9.58 | 1% |
| Jun 2024 | N/A | 11.24 | -19.1% |
| Mar 2024 | 0.17 | 8.31 | 48% |
| Dec 2023 | 0.04 | 7.19 | 190% |
| Sep 2023 | 0.02 | 8.09 | 534.4% |
| Jun 2023 | 0 | 6.58 | 1,945.5% |
| Mar 2023 | 0.13 | 8.59 | 64.8% |
Measured against past performance, HTGC's PEG ratio is lower than the 3, 5 and 10-year averages.
With a PEG of 0.89, HTGC stands higher than the Financial Services sector and the industry average. Looking at the Financial Services sector average of 0.48, Hercules Capital's PEG is 85% higher.
HTGC's Nov 2, 2026 PEG ratio comes in at 0.89.
Historical data over a 3-year period puts HTGC's average PEG ratio at 1.67.
Historical data over a 5-year period puts HTGC's average PEG ratio at 1.18.
In the last ten years, HTGC's peak PEG ratio of 12.43 occurred in the Jun 2019 quarter.
At present, HTGC's PEG ratio is 29% lower than its 10-year historical average.
To calculate the PEG ratio, take the company's PE ratio and divide by its earnings per share growth (YoY TTM). As of Nov 2, 2026, Hercules Capital has a PE ratio of 8.61. Earnings grew at 9.7% over the TTM period ending Sep 2026. Applying the formula, this gives a PEG ratio of 0.89. PEG RATIO(0.89) = PE RATIO(8.61) / EPS GROWTH(9.7%)
All PEG ratio stats are based on quarterly TTM periods, unless otherwise specified.