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HENNESSY ADVISORS INC HNNA

Nasdaq · stock · Investment Advice · website · IPO 2002-09-03 · LEI

HENNESSY ADVISORS INC statistics & valuation

Market cap$81.6M
P / E8.2×
P / S2.3×
P / B0.8×
P / FCF6.1×
Dividend yield5.15%
Net margin28.0%
Return on equity10.2%
FCF margin37.6%
Return on capital8.5%
Graham number +88.4%$18.81

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($18.81); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
27.90% 28.20% 37.80% 25.80% 23.50% 24.10% 20.90% 19.90% 23.90% 28.00% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
46.30% 46.30% 44.80% 37.50% 33.90% 33.20% 33.20% 26.40% 29.90% 37.00% 2016201720182019202020212022202320242025
Return on equity (%)
38.50% 29.00% 29.00% 14.60% 10.00% 9.50% 7.20% 5.40% 7.80% 10.20% 2016201720182019202020212022202320242025
Shares outstanding
7.7M 7.8M 7.9M 7.8M 7.4M 7.5M 7.6M 7.7M 7.8M 7.9M 2016201720182019202020212022202320242025
Net debt ($)
$26.6M $10.3M -$7.9M -$11.6M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
16.90% 15.40% 18.80% 10.00% 8.30% 7.80% 4.30% 3.30% 4.70% 6.20% 2016201720182019202020212022202320242025
Free cash flow margin (%)
35.00% 37.10% 38.80% 33.20% 31.30% 30.90% 28.50% 28.80% 30.20% 37.60% 2016201720182019202020212022202320242025
Debt / equity (×)
0.81× 0.50× 0.25× 0.17× 2016201720182019202020212022202320242025
EPS ($)
$1.86 $1.92 $2.61 $1.42 $1.06 $1.07 $0.82 $0.63 $0.92 $1.27 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

HENNESSY ADVISORS INC trades at about 7.9× earnings — below its 10-year norm (10-year range 4.7×–11.1×, median 10.4×).

4.7× 11.1×

Shaded band = 10-year range (4.7×–11.1×); dot = today's 7.9×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin37.0%29.9%26.4%33.2%33.2%33.9%37.5%44.8%46.3%46.3%
Net margin28.0%23.9%19.9%20.9%24.1%23.5%25.8%37.8%28.2%27.9%
FCF margin37.6%30.2%28.8%28.5%30.9%31.3%33.2%38.8%37.1%35.0%
Return on assets6.2%4.7%3.3%4.3%7.8%8.3%10.0%18.8%15.4%16.9%
Return on equity10.2%7.8%5.4%7.2%9.5%10.0%14.6%29.0%29.0%38.5%
Debt / equity——————0.17×0.25×0.50×0.81×
Current ratio12.7213.7815.2013.073.542.632.552.551.780.90

Computed from company filings · US · as of 2025-09-30. Facts plus Stocktoria's own computed scores — not investment advice.