# HarbourVest Global Private Equity (HVPE.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Financial Services. Price 3315p, market value 2.3 billionp.

## Valuation
- **P/E (trailing): 9.8×** (5-yr avg 847.1×, 3-yr avg 1059.1×). HarbourVest Global Private Equity trades at 9.8× trailing earnings, well below its own five-year average of 847.1×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×. Forward P/E is 8.2×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.12**. A PEG of 0.12 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 6.8×**. Each dollar of revenue is priced at 6.8×.
- **Price / book: 0.8×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 6.1×**. Enterprise value is 6.1× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: -3.8%** (5-yr avg -0.0%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.
- **Earnings yield: 10.2%**. The inverse of the P/E: 10.2% of the price is earned each year.

## Profitability
- **Gross margin: 99.1%**. HarbourVest Global Private Equity keeps 99.1% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 136.9%**. 136.9% of revenue is left after running the business, an exceptional level.
- **Net margin: 84.8%**. 84.8% 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: 13.4%**. Return on all capital, debt included, is 13.4%.
- **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): 50.0%** (5-yr -10.4%/yr). Revenue grew 50.0% over the last year, against -10.4% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 66.8%** (5-yr -11.4%/yr). Earnings per share rose 66.8%, 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: 91 millionp**. 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 does not currently pay a dividend, but it returned 6.2% of its market value through buybacks over the last year.

## Analyst view
- **Analyst consensus: buy** (1 analyst). 1 analysts cover HarbourVest Global Private Equity; the consensus is buy, with an average price target of 3471p (+5% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 20.2%** (YTD 7.3%, 3-mo -0.7%). The shares are up 20.2% over twelve months including dividends.
- **From 52-week high: -5.3%** (20.3% above the low). Trading 5% below 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): 49**. An RSI of 49 is neutral.
- **Beta (1 yr): 0.34** (volatility 17%). Beta of 0.34 against the FTSE All-Share: the shares move much less than the market.

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

Not investment advice.