Is Horizon Kinetics Holding Corp. overvalued or undervalued?

As of 4 September 2025, the valuation grade for Horizon Kinetics Holding Corp. has moved from very attractive to attractive, indicating a shift in perception of its value. The company appears to be fairly valued given its current metrics and performance relative to the market. Key valuation ratios include a price of $39.07, a 52-week high of $53.00, and a 1-year stock return of 74.39%, significantly outperforming the S&P 500's return of 17.14% over the same period.
While there are no direct peer comparisons available, the absence of comparable companies suggests a unique position within the capital markets industry. Additionally, the company's strong performance over 3 years, with a return of 275.69% compared to the S&P 500's 70.41%, reinforces the notion that it is currently fairly valued in the market context.