Hennessy Advisors price to free cash flow HNNA

Market value divided by free cash flow over the last twelve months, since 2012.

Today, Oct 23, 2026: 7.9×
10-year median: 7.2×
Against its 10-year history: 80th; percentile: 0 is its lowest day, 100 its highest
10-year range: 3.5× to 12.2×
Peer median: 13.6×

Hennessy Advisors' price to free cash flow is 7.9× as of Oct 23, 2026.

That is above its ten-year median of 7.2×, higher than on 80% of days in the last ten years.

Over that time it ranged from 3.5× in Apr 2019 to 12.2× in Dec 2024.

The median for 5 asset managers of a similar size is 13.6×.

Price to free cash flow over time

median 7.2×

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	7.9×	5.7×	8.1×
2025	5.6×	5.4×	11.2×
2024	10.1×	6.8×	12.2×
2023	7.4×	7.1×	10.2×
2022	7.5×	6.9×	8.4×
2021	7.7×	6.0×	8.9×
2020	6.0×	3.6×	6.3×
2019	5.5×	3.5×	5.9×
2018	3.8×	3.6×	8.2×
2017	6.8×	6.0×	9.1×
2016	9.0×	7.7×	11.2×
2015	10.7×	10.1×	15.4×
2014	14.5×	8.7×	15.2×
2013	11.7×	10.7×	23.5×
2012	12.0×	7.8×	13.3×

Against its peers

Companies in Asset Management nearest Hennessy Advisors' size, closest first, today.

Company	Price to free cash flow
HNNAHennessy Advisors	7.9×
JYNTJOINT	24.1×
SAMGSilvercrest Asset Management	13.6×
WHGWestwood	11.4×
GROWU S Global Investors	n/m
VRTSVirtus Investment Partners	n/m
Peer median	13.6×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on Hennessy Advisors

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.