Hennessy Advisors, Inc. (HNNA) Fair Value 2026

HNNA · Asset Management ·

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

Quality Score

8.4 /10

32 fundamental signals · 6 models active

Value Trap Risk

SAFE (12/100)

Quick Summary — As of 2026-08-27, Hennessy Advisors, Inc. (HNNA) trades at $9.99, versus a $10.13 median fair value across its 6 active models — 1.3% above the current price. QOC: 8.4/10. Value Trap Risk: 12/100 (SAFE). 6/13 models active.

Key Facts

Ticker
HNNA
Price
$9.99
Quality Score
8.4/10
Value Trap Risk
12/100
Models Active
6/13
Last Updated
Strength: Quality Score of 8.4/10 indicates strong fundamentals
Risk: Majority of models suggest overvaluation

Is Hennessy Advisors, Inc. (HNNA) Undervalued or Overvalued in 2026?

According to CirclFi’s 6-model valuation engine, Hennessy Advisors, Inc. (HNNA) appears fairly valued as of : the median of 6 independent fair value estimates is $10.13, within 1.3% of the current price of $9.99. Estimates range from $6.98 to $17.05. HNNA scores 8.4/10 on fundamental quality and 12/100 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. HNNA’s +1.3% gap is narrower 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 Hennessy Advisors, Inc. Stock in 2026? →

What Fair Value Does Each Model Give HNNA?

6 Intrinsic Value Models vs. Current Price ($9.99)

Core Models (Unlocked)
Model Fair Value Upside
Intrinsic · High Conviction
 $9.56 -4.4%
Ensemble · Medium Conviction
 $9.92 -0.7%
Intrinsic · High Conviction
 $6.98 -30.2%
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What Is HNNA's Fair Value Range?

Spread across 6 independent models · $6.98 to $17.05

CirclFi's 6 active models place Hennessy Advisors, Inc. (HNNA) between $6.98 and $17.05 per share, a spread of 99% of the median. The median of that range — $10.13 — is the fair value CirclFi publishes for HNNA, against a current price of $9.99.

Low · Markov DDMHigh · FTNN
$6.98median $10.13$17.05
Where the range comes from
Most bearish modelMarkov DDM$6.98
Most bullish modelFTNN Topology$17.05
Model agreement2 bullish · 1 bearishmoderate

A band of this width is typical. The methods agree on direction but weight growth, reinvestment and risk differently, so treat the median as a centre of gravity rather than a precise target.

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

What Is Hennessy Advisors, Inc. (HNNA) Worth in 2026?

According to the CirclFi Deep Alpha Valuation Engine, Hennessy Advisors, Inc. presents a highly debated valuation profile at its current price of $10.00. The median intrinsic value is estimated at $10.13 (+1.3% median upside), masking a wide model spread between the 2 bullish models and 1 bearish models. Model dispersion is worth noting: FTNN targets $17.05 (+70.6%), versus Markov DDM at $6.98 (-30.2%). This +100.8% range highlights the importance of multi-model analysis rather than relying on any single methodology.

What Do the Models Say About HNNA?

6 of 13 models are currently active for HNNA. Of these, 3 models suggest upside while 3 models suggest overvaluation. Taken together, their median fair value for HNNA is $10.13 — the figure CirclFi publishes as this stock's fair value. See which stocks rank higher →

How Does HNNA Rank in Asset Management?

Among 186 Asset Management stocks, HNNA ranks #13 by Quality of Company score. CirclFi's QOC score of 8.4/10 evaluates 32 fundamental signals. A score of 8.4 places HNNA in the top tier.

See all Most Undervalued Asset Management Stocks →

Hennessy Advisors, Inc. operates in a competitive landscape where fundamental quality metrics are key differentiators for long-term value creation.

Is HNNA a Value Trap?

CirclFi's Value Trap algorithm assigns HNNA a score of 12/100 (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

6 of 13 models are active for Hennessy Advisors, Inc.. Moderate coverage provides meaningful perspective. Each model applies a fundamentally different valuation philosophy. See the complete methodology →

According to the CirclFi Quality of Company (QOC) framework, which evaluates 32 signals including margin stability, revenue growth trajectory, leverage, and free cash flow generation, Hennessy Advisors, Inc. is rated at 8.4/10. This strong-tier score demonstrates strong fundamentals across the majority of our quality signals.

The gap between the most bullish and bearish model spans +100.8% — demonstrating why single-model analysis is dangerous. Browse all stocks with 13-model coverage →

Data Sources & Confidence

Every HNNA 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 HNNA's 6 active models, average confidence is 41%. 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 Hennessy Advisors, Inc. 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

APAMArtisan Partners Asset Management Inc.QOC 8.4WHGWestwood Holdings Group, Inc.QOC 8.2FHIFederated Hermes, Inc.QOC 8.5TROWT. Rowe Price Group, Inc.QOC 8.1CNSCohen & Steers, Inc.QOC 8.6BAMBrookfield Asset Management Ltd.QOC 8.1MAINMain Street Capital CorporationQOC 6.5FTFFranklin Limited Duration Income TrustQOC 5.1CETCentral Securities CorporationQOC 4.5HLNEHamilton Lane IncorporatedQOC 9.3AMPAmeriprise Financial, Inc.QOC 9.3

Read investment analysis: APAM · WHG · FHI · TROW · CNS · BAM · MAIN · FTF · CET · HLNE · AMP

Which Other Stocks Have a Similar Quality Score to HNNA?

7 companies across all industries closest to HNNA’s Quality of Company score of 8.4/10.

GDGeneral Dynamics CorporationQOC 8.4HNRGHallador Energy CompanyQOC 8.4AMPYAmplify Energy Corp.QOC 8.4HSTHost Hotels & Resorts, Inc.QOC 8.4BLBlackLine, Inc.QOC 8.4FUNCFirst United CorporationQOC 8.4NVDANVIDIA CorporationQOC 10.0

Read investment analysis: GD · HNRG · AMPY · HST · BL · FUNC · NVDA

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

HNNA 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 Hennessy Advisors, Inc.’s Valuation?

What is Hennessy Advisors, Inc.'s intrinsic value in 2026?

CirclFi puts Hennessy Advisors, Inc. (HNNA)'s intrinsic value at $10.13 — the median of 6 independent model estimates as of 2026-08-27, ranging from $6.98 to $17.05. The Quality of Company score is 8.4/10 across 32 fundamental signals. All models use SEC EDGAR filings updated daily. See our methodology page for how each model works.

Is HNNA overvalued or undervalued right now?

At $9.99, 3 of 6 active models suggest HNNA may be undervalued, while 3 indicate potential overvaluation. The median of all 6 fair value estimates is $10.13, within 1.3% of the current price of $9.99 — a consensus view that HNNA is fairly valued. The assessment depends on which methodology best fits Hennessy Advisors, Inc.'s business model in Asset Management.

What does a Quality of Company score of 8.4 mean for HNNA?

Hennessy Advisors, Inc.'s QOC of 8.4/10 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 HNNA?

CirclFi analyzes HNNA 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 6 of 13 are active for this stock. Read the full methodology →

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

Of the 6 models currently active on HNNA, FTNN Topology is the most bullish at $17.05 per share, and Markov DDM is the most bearish at $6.98. CirclFi's published fair value for HNNA is the median of that range, $10.13, not either extreme. The gap between the two ends equals 99% of the median — a normal spread for a company of this profile. Browse stocks by value-trap risk →

Is HNNA a value trap in 2026?

Hennessy Advisors, Inc.'s Value Trap score is 12/100 (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 6-model valuation engine, Hennessy Advisors, Inc. (HNNA) has a median fair value of $10.13 — within 1.3% of the current price of $9.99 — as of 2026-08-27.” Source: circlfi.com/stock/HNNA/ · Methodology
Primary sources for this HNNA valuation
  • Financial statements: Hennessy Advisors, Inc. 10-K and 10-Q filings on SEC EDGAR (CIK 0001145255) — 700+ standardized XBRL tags, published by the U.S. Securities and Exchange Commission.
  • Discount-rate inputs: FRED, Federal Reserve Bank of St. Louis — risk-free rates, VIX, yield curve, inflation.
  • News sentiment: The GDELT Project — global media tone, input to the Sentiment SOTP model.
  • Model definitions: CirclFi methodology — the published specification for all 13 models, including the academic sources each one implements.

Market data for HNNA as of ; valuations recomputed .

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