Horizon Kinetics Holding Corporation (HKHC) Fair Value 2026

HKHC · Asset Management ·

By CirclFi Research Team · Data from SEC EDGAR, FRED & GDELT

Quality Score

7.3 /10

32 fundamental signals · 3 models active

Value Trap Risk

SAFE (24/100)

Quick Summary — As of 2026-08-27, Horizon Kinetics Holding Corporation (HKHC) trades at $26.04, versus a $11.56 median fair value across its 3 active models — 55.6% below the current price. QOC: 7.3/10. Value Trap Risk: 24/100 (SAFE). 3/13 models active.

Key Facts

Ticker
HKHC
Price
$26.04
Quality Score
7.3/10
Value Trap Risk
24/100
Models Active
3/13
Last Updated
Strength: Markov DDM suggests +0.1% upside with 54% confidence
Risk: Majority of models suggest overvaluation

Is Horizon Kinetics Holding Corporation (HKHC) Undervalued or Overvalued in 2026?

According to CirclFi’s 3-model valuation engine, Horizon Kinetics Holding Corporation (HKHC) appears overvalued as of : the median of 3 independent fair value estimates is $11.56, 55.6% below the current price of $26.04. Estimates range from $3.95 to $26.05. HKHC scores 7.3/10 on fundamental quality and 24/100 on value-trap risk.

For context, the median US equity CirclFi rates trades at an implied -23.7% versus its own 13-model consensus, across 3,801 rated companies as of 2026-08-27. HKHC’s -55.6% gap is wider than that market norm, and the Asset Management sector median is -4.7%. Full market index →

This verdict compares price to intrinsic value only — it is not a buy or sell rating. For the decision case (bull vs bear arguments, risk factors, peers), read Should You Buy Horizon Kinetics Holding Corporation Stock in 2026? →

What Fair Value Does Each Model Give HKHC?

3 Intrinsic Value Models vs. Current Price ($26.04)

Core Models (Unlocked)
Model Fair Value Upside
Intrinsic · High Conviction
 $26.05 +0.1%
Relative · Medium Conviction
 $3.95 -84.8%
Relative · Low Conviction
 $11.56 -55.6%

All Models Active

All 3 models are displayed above.

What Is HKHC's Fair Value Range?

Spread across 3 independent models · $3.95 to $26.05

CirclFi's 3 active models place Horizon Kinetics Holding Corporation (HKHC) between $3.95 and $26.05 per share, a spread of 191% of the median. The median of that range — $11.56 — is the fair value CirclFi publishes for HKHC, against a current price of $26.04.

Low · Regime CrossHigh · Markov DDM
$3.95median $11.56$26.05
Where the range comes from
Most bearish modelRegime Cross-Sectional$3.95
Most bullish modelMarkov DDM$26.05
Model agreement0 bullish · 2 bearishwide

A band this wide is itself the finding. When independent methods land far apart, they are reading a business whose value depends heavily on which lens you apply — volatile earnings, heavy reinvestment, or an asset base that cash-flow and asset-based methods score differently. That disagreement is information: it says the choice of method matters more than usual for HKHC. Treat the median as one reading among several and compare the individual models below before acting.

Every figure above is one model's standalone output on HKHC, not a CirclFi price target. How each model works →

What Is Horizon Kinetics Holding Corporation (HKHC) Worth in 2026?

According to the CirclFi Deep Alpha Valuation Engine, Horizon Kinetics Holding Corporation's intrinsic value is estimated at a median fair value of $11.56. Trading at $26.04, the stock is approaching fair value or slight overvaluation (implied return of -55.6%), as 2 of 3 models suggest limited further upside. Notably, Markov DDM sees the most upside at +0.1% (fair value: $26.05), while Regime Cross is the most conservative at -84.8% ($3.95). The spread between these extremes — +84.9% — reveals how different analytical frameworks can reach starkly different conclusions.

What Do the Models Say About HKHC?

3 of 13 models are currently active for HKHC. Of these, 1 model suggests upside while 2 models suggest overvaluation. Taken together, their median fair value for HKHC is $11.56 — the figure CirclFi publishes as this stock's fair value. See which stocks rank higher →

How Does HKHC Rank in Asset Management?

Among 186 Asset Management stocks, HKHC ranks #35 by Quality of Company score. CirclFi's QOC score of 7.3/10 evaluates 32 fundamental signals. A score of 7.3 indicates above-average quality.

See all Most Undervalued Asset Management Stocks →

Horizon Kinetics Holding Corporation operates in a competitive landscape where fundamental quality metrics are key differentiators for long-term value creation.

Is HKHC a Value Trap?

CirclFi's Value Trap algorithm assigns HKHC a score of 24/100 (SAFE). This indicates minimal risk. Fundamentals are healthy. The score cross-references apparent undervaluation against fundamental deterioration signals. Browse lowest value-trap stocks →

Multi-Model Methodology

3 of 13 models are active for Horizon Kinetics Holding Corporation. Limited activation may indicate insufficient history. Each model applies a fundamentally different valuation philosophy. See the complete methodology →

According to the CirclFi Deep Alpha Valuation Engine, Horizon Kinetics Holding Corporation scores 7.3 out of 10 on our 32-signal quality assessment, a solid rating that maintains reasonable quality metrics with some areas for improvement. The QOC score synthesizes profitability margins, revenue growth reliability, debt management, and capital allocation into a single metric designed to separate durable businesses from statistically cheap ones.

The gap between the most bullish and bearish model spans +84.9% — demonstrating why single-model analysis is dangerous. Browse all stocks with 13-model coverage →

Data Sources & Confidence

Every HKHC valuation is built from SEC EDGAR XBRL filings — 700+ standardized financial tags. Macroeconomic context from FRED calibrates discount rates, while GDELT news sentiment feeds into our Sentiment SOTP model. All pipelines run daily. Read the complete data methodology →

Across HKHC's 3 active models, average confidence is 35%. Lower confidence may reflect limited history or high volatility.

CirclFi's output is a research starting point, not a buy/sell signal. All data updates daily. Read the full methodology →

This analysis is produced by the CirclFi Valuation Engine using quantitative models applied to SEC EDGAR filings, public market feeds, and FRED macroeconomic indicators. It is not financial advice.

Read the full investment analysis: Should You Buy Horizon Kinetics Holding Corporation Stock in 2026? →

Bull case, bear case, risk factors & peer comparison — updated daily

Which Similar Asset Management Stocks Should You Also Analyze?

11 related Asset Management stocks with 13-model coverage

SAMGSilvercrest Asset Management Group Inc.QOC 7.4BNBrookfield CorporationQOC 7.3NSLRNeostellar Capital Corp.QOC 7.4PSECProspect Capital CorporationQOC 7.3PFGPrincipal Financial Group, Inc.QOC 7.4BMNMBimini Capital Management, Inc.QOC 7.3ASSTStrive, Inc.QOC 6.0MPVBarings Participation InvestorsQOC 4.8CPZCalamos Long/Short Equity & Dynamic Income Term TrustQOC 2.2HLNEHamilton Lane IncorporatedQOC 9.3AMPAmeriprise Financial, Inc.QOC 9.3

Read investment analysis: SAMG · BN · NSLR · PSEC · PFG · BMNM · ASST · MPV · CPZ · HLNE · AMP

Which Other Stocks Have a Similar Quality Score to HKHC?

7 companies across all industries closest to HKHC’s Quality of Company score of 7.3/10.

WPCW. P. Carey Inc.QOC 7.4RMRThe RMR Group Inc.QOC 7.3IBTAIbotta, Inc.QOC 7.4HCCWarrior Met Coal, Inc.QOC 7.3SRBKSR Bancorp, Inc.QOC 7.4QUADQuad/Graphics, Inc.QOC 7.3NVDANVIDIA CorporationQOC 10.0

Read investment analysis: WPC · RMR · IBTA · HCC · SRBK · QUAD · NVDA

Where Does HKHC Sit in CirclFi's Asset Management Rankings?

HKHC is ranked against every other Asset Management stock CirclFi covers in each of these screens.

See all Asset Management stocks ranked →

What Else Do Investors Ask About Horizon Kinetics Holding Corporation’s Valuation?

What is Horizon Kinetics Holding Corporation's intrinsic value in 2026?

CirclFi puts Horizon Kinetics Holding Corporation (HKHC)'s intrinsic value at $11.56 — the median of 3 independent model estimates as of 2026-08-27, ranging from $3.95 to $26.05. The Quality of Company score is 7.3/10 across 32 fundamental signals. All models use SEC EDGAR filings updated daily. See our methodology page for how each model works.

Is HKHC overvalued or undervalued right now?

At $26.04, 1 of 3 active models suggest HKHC may be undervalued, while 2 indicate potential overvaluation. The median of all 3 fair value estimates is $11.56, 55.6% below the current price of $26.04 — a consensus view that HKHC is overvalued. The assessment depends on which methodology best fits Horizon Kinetics Holding Corporation's business model in Asset Management.

What does a Quality of Company score of 7.3 mean for HKHC?

Horizon Kinetics Holding Corporation's QOC of 7.3/10 reflects 32 fundamental signals: profitability margins, revenue growth consistency, balance sheet leverage, free cash flow generation, and capital allocation efficiency. Scores above 7 indicate strong fundamentals and disciplined management.

How many valuation models does CirclFi run on HKHC?

CirclFi analyzes HKHC with 13 institutional-grade models daily: Bayesian DCF (Monte Carlo + jump-diffusion), EPV (Greenwald zero-growth), EROIC Spread (McKinsey reinvestment), First Chicago (3-scenario), Markov DDM (regime-switching), ML-RIV (machine learning residual income), Dynamic NAV (asset-based), PWERM (option-theoretic), Regime Cross-Sectional (relative), Sentiment SOTP (hybrid), CUCE Ensemble (meta-model), FTNN Topology (neural network), and RCMH-DCF (conditional regime). Currently 3 of 13 are active for this stock. Read the full methodology →

Which valuation models are most bullish and most bearish on HKHC?

Of the 3 models currently active on HKHC, Markov DDM is the most bullish at $26.05 per share, and Regime Cross-Sectional is the most bearish at $3.95. CirclFi's published fair value for HKHC is the median of that range, $11.56, not either extreme. The gap between the two ends equals 191% of the median — a wide spread, meaning the methods genuinely disagree and the median should carry less weight. Browse stocks by value-trap risk →

Is HKHC a value trap in 2026?

Horizon Kinetics Holding Corporation's Value Trap score is 24/100 (SAFE). This low score indicates the current valuation is not artificially depressed by fundamental deterioration, suggesting genuine opportunity rather than a trap.

Cite this analysis — “According to CirclFi’s 3-model valuation engine, Horizon Kinetics Holding Corporation (HKHC) has a median fair value of $11.56 — 55.6% below the current price of $26.04 — as of 2026-08-27.” Source: circlfi.com/stock/HKHC/ · Methodology
Primary sources for this HKHC valuation

Market data for HKHC as of ; valuations recomputed .