Basis: FMP quote market capitalization / book value attributable to common shareholders (matching reported total stockholders equity minus preferred stock). Source: stored company filings and market data; unavailable inputs remain N/A.
Is the P/B ratio high or low?
The P/B ratio of 0.55 is 48% below its estimated 5-year average of 1.05, near the low end of its estimated 5-year range (0.51–1.58).
As of 2026-10-06T15:56:43.390Z. 27.88% below its estimated 12-month average of 0.76.
Calculation as of: 2026-10-06T15:56:43.390Z.
Quote observation: 2026-10-06T15:54:57.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: f007fe48cb2971a09f62794e4e7e2ed0646893dea836b161c1a4e49e79b15044
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation. Historical series through 2026-10-05.
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation.
PB RATIO
0.55
PB RATIO AVG TTM
0.76
PB RATIO AVG 3Y
0.99
PB RATIO AVG 5Y
1.05
PB RATIO AVG 10Y
1.01
PB RATIO AVG 15Y
0.96
PB RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-27.88%
CURRENT VS 3Y AVG
-44.40%
CURRENT VS 5Y AVG
-47.67%
CURRENT VS 10Y AVG
-45.40%
CURRENT VS 15Y AVG
-42.89%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · FINANCIAL SERVICES
1.31
median of 555 covered companies
CURRENT VS SECTOR MEDIAN
-58.02%
vs the sector median at left
Horizon Technology Finance Corporation
Market Cap
$231.13M
PB Ratio
0.55
TTM Avg
0.76
3Y Avg
0.99
5Y Avg
1.05
Market Cap
$231.61M
PB Ratio
1.03
TTM Avg
1.04
3Y Avg
1.04
5Y Avg
1.04
Market Cap
$231.84M
PB Ratio
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$229.75M
PB Ratio
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$233.22M
PB Ratio
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$233.22M
PB Ratio
236.77
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | PB RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Horizon Technology Finance Corporation (HRZN) | $231.13M | 0.55 | 0.76 | 0.99 | 1.05 |
| American Drive Acquisition Company Class A Ordinary Shares (ADAC)vs › | $231.61M | 1.03 | 1.04 | 1.04 | 1.04 |
| Launchpad Cadenza Acquisition Corp I Class A Ordinary Share (LPCV)vs › | $231.84M | N/A | N/A | N/A | N/A |
| ITHAX Acquisition Corp III (ITHA)vs › | $231.93M | 1.03 | N/A | N/A | N/A |
| Bitcoin Infrastructure Acquisition Corp Ltd. (BIXI)vs › | $229.75M | N/A | N/A | N/A | N/A |
| First Internet Bancorp (INBK)vs › | $233.13M | 0.64 | 0.57 | 0.64 | 0.71 |
| Bluerock Acquisition Corp. Class A Ordinary Shares (BLRK)vs › | $233.22M | N/A | N/A | N/A | N/A |
| FG Imperii Acquisition Corp. Class A Ordinary Shares (FGII)vs › | $233.22M | 236.77 | N/A | N/A | N/A |
| OP Bancorp (OPBK)vs › | $228.78M | 0.96 | 0.94 | 0.92 | 0.95 |
| BRC Group Holdings, Inc. - Depositary Shares, each representing a 1/1000th fractional interest in a share of Series B Cumulative Perpetual Preferred Stock (RILYL)vs › | $228.40M | 1.61 | 4.73 | 2.37 | 1.81 |
At 0.55, P/B is below its estimated 15-year median — higher than 0% of readings in its estimated 15-year history.
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation.
estimated 15-year low
0.42
median
0.96
estimated 15-year high
1.59
P/B Ratio
0.55
Market Price / Book Value per Share
PB Ratio = Market Cap / (Total Shareholders' Equity − Preferred Stock)
The price-to-book ratio compares market capitalization to book value attributable to common shareholders (total equity minus preferred stock). Lower values can indicate a cheaper valuation relative to net assets.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | PB RATIO |
|---|---|
| 2026-10-05 | 0.71 |
| 2026-10-02 | 0.72 |
| 2026-10-01 | 0.72 |
| 2026-09-30 | 0.71 |
| 2026-09-29 | 0.72 |
| 2026-09-28 | 0.71 |
| 2026-09-25 | 0.72 |
| 2026-09-24 | 0.71 |
| 2026-09-23 | 0.72 |
| 2026-09-22 | 0.72 |
| 2026-09-21 | 0.73 |
| 2026-09-18 | 0.73 |
| 2026-09-17 | 0.73 |
| 2026-09-16 | 0.70 |
| 2026-09-15 | 0.73 |
| 2026-09-14 | 0.76 |
| 2026-09-11 | 0.76 |
| 2026-09-10 | 0.75 |
| 2026-09-09 | 0.75 |
| 2026-09-08 | 0.76 |
| 2026-09-04 | 0.75 |
| 2026-09-03 | 0.76 |
| 2026-09-02 | 0.75 |
| 2026-09-01 | 0.70 |
| 2026-08-31 | 0.73 |
| 2026-08-28 | 0.73 |
| 2026-08-27 | 0.75 |
| 2026-08-26 | 0.75 |
| 2026-08-25 | 0.74 |
| 2026-08-24 | 0.76 |
| 2026-08-21 | 0.75 |
| 2026-08-20 | 0.77 |
| 2026-08-19 | 0.79 |
| 2026-08-18 | 0.79 |
| 2026-08-17 | 0.78 |
| 2026-08-14 | 0.78 |
| 2026-08-13 | 0.80 |
| 2026-08-12 | 0.77 |
| 2026-08-11 | 0.76 |
| 2026-08-10 | 0.74 |
| 2026-08-07 | 0.72 |
| 2026-08-06 | 0.71 |
| 2026-08-05 | 0.68 |
| 2026-08-04 | 0.64 |
| 2026-08-03 | 0.64 |
| 2026-07-31 | 0.61 |
| 2026-07-30 | 0.62 |
| 2026-07-29 | 0.61 |
| 2026-07-28 | 0.61 |
| 2026-07-27 | 0.61 |
| 2026-07-24 | 0.61 |
| 2026-07-23 | 0.63 |
| 2026-07-22 | 0.64 |
| 2026-07-21 | 0.65 |
| 2026-07-20 | 0.65 |
| 2026-07-17 | 0.66 |
| 2026-07-16 | 0.67 |
| 2026-07-15 | 0.67 |
| 2026-07-14 | 0.67 |
| 2026-07-13 | 0.66 |
| 2026-07-10 | 0.66 |
| 2026-07-09 | 0.66 |
| 2026-07-08 | 0.66 |
| 2026-07-07 | 0.66 |
| 2026-07-06 | 0.66 |
| 2026-07-02 | 0.67 |
| 2026-07-01 | 0.67 |
| 2026-06-30 | 0.67 |
| 2026-06-29 | 0.66 |
| 2026-06-26 | 0.63 |
| 2026-06-25 | 0.63 |
| 2026-06-24 | 0.60 |
| 2026-06-23 | 0.61 |
| 2026-06-22 | 0.59 |
| 2026-06-18 | 0.60 |
| 2026-06-17 | 0.59 |
| 2026-06-16 | 0.62 |
| 2026-06-15 | 0.64 |
| 2026-06-12 | 0.62 |
| 2026-06-11 | 0.65 |
| 2026-06-10 | 0.63 |
| 2026-06-09 | 0.61 |
| 2026-06-08 | 0.63 |
| 2026-06-05 | 0.65 |
| 2026-06-04 | 0.66 |
| 2026-06-03 | 0.63 |
| 2026-06-02 | 0.65 |
| 2026-06-01 | 0.65 |
| 2026-05-29 | 0.62 |
| 2026-05-28 | 0.59 |
| 2026-05-27 | 0.58 |
| 2026-05-26 | 0.58 |
| 2026-05-22 | 0.57 |
| 2026-05-21 | 0.57 |
| 2026-05-20 | 0.58 |
| 2026-05-19 | 0.57 |
| 2026-05-18 | 0.57 |
| 2026-05-15 | 0.60 |
| 2026-05-14 | 0.62 |
| 2026-05-13 | 0.60 |
| 2026-05-12 | 0.60 |
| 2026-05-11 | 0.61 |
| 2026-05-08 | 0.64 |
| 2026-05-07 | 0.64 |
| 2026-05-06 | 0.65 |
| 2026-05-05 | 0.56 |
| 2026-05-04 | 0.56 |
| 2026-05-01 | 0.56 |
| 2026-04-30 | 0.56 |
| 2026-04-29 | 0.52 |
| 2026-04-28 | 0.52 |
| 2026-04-27 | 0.51 |
| 2026-04-24 | 0.52 |
| 2026-04-23 | 0.54 |
| 2026-04-22 | 0.55 |
| 2026-04-21 | 0.56 |
| 2026-04-20 | 0.57 |
| 2026-04-17 | 0.58 |
| 2026-04-16 | 0.59 |
| 2026-04-15 | 0.63 |
| 2026-04-14 | 0.63 |
| 2026-04-13 | 0.61 |
| 2026-04-10 | 0.60 |
| 2026-04-09 | 0.60 |
| 2026-04-08 | 0.61 |
| 2026-04-07 | 0.59 |
| 2026-04-06 | 0.60 |
| 2026-04-02 | 0.57 |
| 2026-04-01 | 0.55 |
| 2026-03-31 | 0.56 |
| 2026-03-30 | 0.54 |
| 2026-03-27 | 0.55 |
| 2026-03-26 | 0.57 |
| 2026-03-25 | 0.56 |
| 2026-03-24 | 0.56 |
| 2026-03-23 | 0.56 |
| 2026-03-20 | 0.55 |
| 2026-03-19 | 0.57 |
| 2026-03-18 | 0.57 |
| 2026-03-17 | 0.57 |
| 2026-03-16 | 0.54 |
| 2026-03-13 | 0.55 |
| 2026-03-12 | 0.57 |
| 2026-03-11 | 0.56 |
| 2026-03-10 | 0.57 |
| 2026-03-09 | 0.56 |
| 2026-03-06 | 0.56 |
| 2026-03-05 | 0.62 |
| 2026-03-04 | 0.62 |
| 2026-03-03 | 0.89 |
| 2026-03-02 | 0.88 |
| 2026-02-27 | 0.87 |
| 2026-02-26 | 0.92 |
| 2026-02-25 | 0.92 |
| 2026-02-24 | 0.91 |
| 2026-02-23 | 0.91 |
| 2026-02-20 | 0.93 |
| 2026-02-19 | 0.93 |
| 2026-02-18 | 0.94 |
| 2026-02-17 | 0.96 |
| 2026-02-13 | 0.97 |
| 2026-02-12 | 0.95 |
| 2026-02-11 | 0.96 |
| 2026-02-10 | 0.95 |
| 2026-02-09 | 0.94 |
| 2026-02-06 | 0.96 |
| 2026-02-05 | 0.94 |
| 2026-02-04 | 0.96 |
| 2026-02-03 | 0.97 |
| 2026-02-02 | 0.98 |
| 2026-01-30 | 0.97 |
| 2026-01-29 | 0.97 |
| 2026-01-28 | 0.97 |
| 2026-01-27 | 0.97 |
| 2026-01-26 | 0.97 |
| 2026-01-23 | 0.97 |
| 2026-01-22 | 0.97 |
| 2026-01-21 | 0.97 |
| 2026-01-20 | 0.96 |
| 2026-01-16 | 0.97 |
| 2026-01-15 | 0.98 |
| 2026-01-14 | 0.98 |
| 2026-01-13 | 0.97 |
| 2026-01-12 | 0.96 |
| 2026-01-09 | 0.97 |
| 2026-01-08 | 0.96 |
| 2026-01-07 | 0.95 |
| 2026-01-06 | 0.96 |
| 2026-01-05 | 0.97 |
| 2026-01-02 | 0.96 |
| 2025-12-31 | 0.94 |
| 2025-12-30 | 0.92 |
| 2025-12-29 | 0.91 |
| 2025-12-26 | 0.92 |
| 2025-12-24 | 0.92 |
| 2025-12-23 | 0.92 |
| 2025-12-22 | 0.93 |
| 2025-12-19 | 0.93 |
| 2025-12-18 | 0.93 |
| 2025-12-17 | 0.93 |
| 2025-12-16 | 0.95 |
| 2025-12-15 | 0.95 |
| 2025-12-12 | 0.96 |
| 2025-12-11 | 0.96 |
| 2025-12-10 | 0.97 |
| 2025-12-09 | 0.97 |
| 2025-12-08 | 0.98 |
| 2025-12-05 | 0.97 |
| 2025-12-04 | 0.97 |
| 2025-12-03 | 0.97 |
| 2025-12-02 | 0.97 |
| 2025-12-01 | 0.96 |
| 2025-11-28 | 0.97 |
| 2025-11-26 | 0.97 |
| 2025-11-25 | 0.97 |
| 2025-11-24 | 0.97 |
| 2025-11-21 | 0.95 |
| 2025-11-20 | 0.93 |
| 2025-11-19 | 0.95 |
| 2025-11-18 | 0.94 |
| 2025-11-17 | 0.93 |
| 2025-11-14 | 0.96 |
| 2025-11-13 | 0.96 |
| 2025-11-12 | 0.97 |
| 2025-11-11 | 0.99 |
| 2025-11-10 | 0.97 |
| 2025-11-07 | 0.97 |
| 2025-11-06 | 0.96 |
| 2025-11-05 | 0.96 |
| 2025-11-04 | 0.96 |
| 2025-11-03 | 0.97 |
| 2025-10-31 | 0.94 |
| 2025-10-30 | 0.96 |
| 2025-10-29 | 0.95 |
| 2025-10-28 | 0.87 |
| 2025-10-27 | 0.88 |
| 2025-10-24 | 0.87 |
| 2025-10-23 | 0.86 |
| 2025-10-22 | 0.85 |
| 2025-10-21 | 0.86 |
| 2025-10-20 | 0.86 |
| 2025-10-17 | 0.85 |
| 2025-10-16 | 0.83 |
| 2025-10-15 | 0.88 |
| 2025-10-14 | 0.88 |
| 2025-10-13 | 0.88 |
| 2025-10-10 | 0.86 |
| 2025-10-09 | 0.87 |
| 2025-10-08 | 0.89 |
| 2025-10-07 | 0.89 |
| 2025-10-06 | 0.91 |
| 2025-10-03 | 0.90 |
| 2025-10-02 | 0.90 |
| 2025-10-01 | 0.89 |
| 2025-09-30 | 0.89 |
| 2025-09-29 | 0.87 |
| 2025-09-26 | 0.89 |
| 2025-09-25 | 0.90 |
| 2025-09-24 | 0.90 |
| 2025-09-23 | 0.92 |
Showing the most recent 260 of 3,872 data points. The chart above shows the full history.