# HarbourVest Global Private Equity Ltd. (HVPD.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Financial Services. Price $44.65, market value $3.6 billion.

## Valuation
- **P/E (trailing): 3.4×** (5-yr avg 10.7×, 3-yr avg 13.4×). HarbourVest Global Private Equity Ltd. trades at 3.4× trailing earnings, well below its own five-year average of 10.7×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×.
- **Price / sales: 7.8×**. Each dollar of revenue is priced at 7.8×.
- **Price / book: 0.8×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 8.2×**. Enterprise value is 8.2× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 1.5%** (5-yr avg 7.9%). Free cash flow equals 1.5% of the market value, below its five-year average of 7.9%, so the shares are pricier on cash than usual.
- **Earnings yield: 29.4%**. The inverse of the P/E: 29.4% of the price is earned each year.

## Profitability
- **Gross margin: 99.2%**. HarbourVest Global Private Equity Ltd. keeps 99.2% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 136.6%**. 136.6% of revenue is left after running the business, an exceptional level.
- **Net margin: 84.1%**. 84.1% of each dollar of sales reaches the bottom line.
- **Return on equity: 7.8%**. 7.8% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 13.3%**. Return on all capital, debt included, is 13.3%.
- **Return on assets: 11.2%**. Each dollar of assets produces 11.2% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 51.2%** (3-yr 17.8%/yr, 5-yr 27.8%/yr). Revenue grew 51.2% over the last year, against 27.8% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 65.1%** (5-yr -12.3%/yr). Earnings per share rose 65.1%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.
- **Cash and short-term investments: $123 million**. Leverage ratios are shown differently for banks and insurers, whose balance sheets are built on deposits and reserves; use return on equity and the regulatory capital in the filings instead.

## Dividends
- **Dividend: none**. HarbourVest Global Private Equity Ltd. does not currently pay a dividend, but it returned 5.5% of its market value through buybacks over the last year.

## Price and momentum
- **Total return (1 yr): 20.8%** (YTD 8.3%, 3-mo 1.2%). The shares are up 20.8% over twelve months including dividends.
- **From 52-week high: 0.0%** (90.8% above the low). Trading within 5% of its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 50**. An RSI of 50 is neutral.
- **Beta (1 yr): 0.47** (volatility 22%). Beta of 0.47 against the FTSE All-Share: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=HVPD.L · Page: https://foliofundamentals.com/stocks/hvpd.l

Not investment advice.