HarbourVest Global Private Equity Ltd (HVPE) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of HarbourVest Global Private Equity Ltd £41.17, price £32.95, upside +25.0%, quality 67 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 30, 2026.
How to read this chart
60‑month range £19.30 – £35.00 · fair‑value band £35.39 – £46.50 · the £32.95 price screens below the £41.17 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 30, 2026.
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HarbourVest Global Private Equity Ltd. is Private Equity and Venture Capital Fund specializes in private equity buyouts, private credit, primary, secondary, and direct co-investments as well as fund of funds investments. For fund of funds investments, it prefers to invest in private equity funds and invests in HarbourVest funds.
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HarbourVest Global Private Equity Ltd. is Private Equity and Venture Capital Fund specializes in private equity buyouts, private credit, primary, secondary, and direct co-investments as well as fund of funds investments. For fund of funds investments, it prefers to invest in private equity funds and invests in HarbourVest funds. The fund seeks to provide long-term capital growth primarily through investments in private market assets.
Stock analysis
HarbourVest Global Private Equity Ltd (HVPE) currently trades at £32.95, while our model-based Fair Value estimate is £41.17, implying the stock looks roughly 20.0% undervalued today.
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Valuation
Bull case: the Earnings-Based group reads highest at a median of £126.99 per share, and 5 of the 6 models we run sit above the £32.95 price.
Bear case: the Asset-Based group reads lowest at £31.14, and 1 of the 6 models stay below the price. Evidence for this calculation is medium.
Scenario range: £35.39 (bear) to £46.50 (bull), the price of £32.95 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 67/100 (solid quality), in the Financial Services sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
HarbourVest Global Private Equity Ltd reported revenue of $393M in FY2026 versus $1.1B in FY2022, a compound −21.9%/yr. Reported net income was $333M in FY2026, compounding −24.9%/yr from FY2022.
Key figures
Market cap 2.4B GBX · P/E ratio 9.6 · P/S ratio 8.10 · EPS (TTM) £3.45 · Net margin 84.8% · Return on equity 8.0% · Return on assets (EBIT) 8.2% · Operating margin 94.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 6% below its 52-week high and 15% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −15% fair-value upside, at 25%, HVPE screens cheaper than that median.
Fair Value models
Bear £35.39Fair Value £41.17Bull £46.50
Price £32.95 · Upside +25.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 8 months old). Earnings retained since then (£2.33 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.16/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+50.0%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−10.3%
Start year 2021 (pandemic). Over 10 years: +17.5% a year
Revenue growth 17 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+51.3%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
−17.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−17.3%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−11.2% vs 12.0%, slowing
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.99% → 85%
2026 sits 116% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Compare HarbourVest Global Private Equity Ltd with another stock
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Asset Management · 664 stocks
Beats the industry median on 8/11 measures
Overall it ranks above its industry peers.
Valuation
Quality Score67 · Top 25%
Fair Value upside+24.9% · Above median
Profitability
Return on equity (TTM)8.0% · Above median
Return on assets5.1% · Above median
Net margin (TTM)84.1% · Top 25%
Operating margin (TTM)94.7% · Top 25%
Growth and dividend
Revenue growth−4.1% · Below median
Valuation Multiplesvs Asset Management median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "HarbourVest Global Private Equity Ltd Fair Value". https://www.fairvalue-calculator.com/stock/HVPE
Frequently asked questions
Is HarbourVest Global Private Equity Ltd (HVPE) overvalued or undervalued?
As of Sep 30, 2026, our model estimates a fair value of £41.17 versus a price of £32.95, about +25% upside (undervalued).
What is the fair value of HVPE?
Our model-based fair value for HarbourVest Global Private Equity Ltd is £41.17 (as of Sep 30, 2026), built from audited fundamentals. The current price: £32.95.
What is the quality score of HVPE?
HarbourVest Global Private Equity Ltd has a Quality Score of 67/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for HarbourVest Global Private Equity Ltd (HVPE)?
Our model-based price target is the fair value of £41.17 (as of Sep 30, 2026) from 6 valuation models. Cautious scenario £35.39, optimistic scenario £46.50. It is a calculation from audited fundamentals, not an analyst target.
What is the HarbourVest Global Private Equity Ltd stock forecast for 2026?
Our models put fair value at £41.17, about +25% upside versus a price of £32.95 (undervalued). Cautious scenario £35.39, optimistic scenario £46.50. The calculation is refreshed regularly with new filings.
What is the revenue of HarbourVest Global Private Equity Ltd (HVPE)?
HarbourVest Global Private Equity Ltd reported trailing-twelve-month revenue of about £396M (latest available figure, as of Sep 30, 2026).
What is the intrinsic value of HarbourVest Global Private Equity Ltd (HVPE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For HarbourVest Global Private Equity Ltd it is £41.17 per share (as of Sep 30, 2026), against a price of £32.95. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is HarbourVest Global Private Equity Ltd stock overvalued or undervalued in 2026?
As of Sep 30, 2026, HVPE trades below its calculated fair value: price £32.95, fair value £41.17, a gap of about +25% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of HVPE?
No. The price is what the market pays today (£32.95); the fair value is what the company's own numbers justify (£41.17). For HarbourVest Global Private Equity Ltd the two are £8.22 per share apart. That gap is exactly why we show both numbers side by side.
How much is HarbourVest Global Private Equity Ltd worth?
The market values HarbourVest Global Private Equity Ltd at about 2.4B GBX (market capitalisation, as of Sep 30, 2026). Per share that is £32.95; our models calculate a fair value of £41.17 per share.
What do the bullish and bearish scenarios say about HVPE?
Our models span a range for HarbourVest Global Private Equity Ltd: cautious scenario £35.39, base £41.17, optimistic £46.50 per share (as of Sep 30, 2026, price £32.95). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of HVPE?
HarbourVest Global Private Equity Ltd trades at a price-to-earnings ratio of 9.6 (as of Sep 30, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of £41.17 is built from several models across several years. Other multiples: P/B 0.7, P/S 7.9, EV/EBITDA 9.0.
How solid is the balance sheet of HarbourVest Global Private Equity Ltd (HVPE)?
Balance-sheet figures for HarbourVest Global Private Equity Ltd (as of Sep 30, 2026): return on equity 8.0%. They feed the Quality Score of 67/100, which measures business quality independently of the share price.
How far is HVPE from its 52-week high?
HarbourVest Global Private Equity Ltd trades at £32.95, about 6% below its 52-week high of £35.00 and 15% above the low of £28.70 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of £41.17 is for.
Which stocks are comparable to HarbourVest Global Private Equity Ltd?
From the same area (Financial Services) we also value Blackstone Inc, KKR & Co, Brookfield Corporation, Apollo Global Management, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is HarbourVest Global Private Equity Ltd stock attractive at the current price?
The data as of Sep 30, 2026: price £32.95, calculated fair value £41.17 (+25%), Quality Score 67/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of HVPE calculated?
We run HarbourVest Global Private Equity Ltd through 6 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of £41.17, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.0 % above its aggregate fair value. HarbourVest Global Private Equity Ltd currently trades 20 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of HarbourVest Global Private Equity Ltd (HVPE)?
The closing price on Oct 2, 2026 was £32.95. Our model-based fair value is £41.17, about +25% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with HarbourVest Global Private Equity Ltd right now?
The price is below even our cautious bear case (£35.39). The market is more pessimistic than our downside scenario. Solid quality (67/100) at a price below fair value, the discount is the argument here, not the business quality. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of HarbourVest Global Private Equity Ltd (HVPE) come from?
Earnings per share at HarbourVest Global Private Equity Ltd grew +19.4 % a year from 2013 to 2024. Broken into its drivers: revenue per share +18.8 %, EBIT margin +0.4 %, tax rate −3.0 %, residual (interest, one-offs) +3.2 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of HarbourVest Global Private Equity Ltd
How large is the market capitalisation of HarbourVest Global Private Equity Ltd (HVPE)?
The market capitalisation of HarbourVest Global Private Equity Ltd is 2.4B GBX. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of HarbourVest Global Private Equity Ltd (HVPE)?
The price-to-sales ratio of HarbourVest Global Private Equity Ltd is 8.10 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of HarbourVest Global Private Equity Ltd (HVPE)?
Earnings per share at HarbourVest Global Private Equity Ltd are £3.45 (price ÷ EPS = P/E 9.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of HarbourVest Global Private Equity Ltd (HVPE)?
The net margin of HarbourVest Global Private Equity Ltd is 84.8% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of HarbourVest Global Private Equity Ltd (HVPE)?
The return on equity (ROE) of HarbourVest Global Private Equity Ltd is 8.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of HarbourVest Global Private Equity Ltd (HVPE)?
On an EBIT basis the return on assets of HarbourVest Global Private Equity Ltd is 8.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of HarbourVest Global Private Equity Ltd (HVPE)?
The operating margin of HarbourVest Global Private Equity Ltd is 94.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at HarbourVest Global Private Equity Ltd (HVPE)?
Revenue at HarbourVest Global Private Equity Ltd is growing −4.1% versus a year earlier. How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at HarbourVest Global Private Equity Ltd (HVPE)?
Earnings per share at HarbourVest Global Private Equity Ltd are growing −3.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does HarbourVest Global Private Equity Ltd (HVPE) generate?
The free cash flow of HarbourVest Global Private Equity Ltd is −1.5M GBX (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does HarbourVest Global Private Equity Ltd (HVPE) carry?
The net debt of HarbourVest Global Private Equity Ltd is £447M (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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