Is Horizon Kinetics Holding Corp. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Horizon Kinetics Holding Corp. moved from fair to very attractive, indicating a significant improvement in its valuation outlook. The company appears to be undervalued given its strong historical performance, particularly over the 3-year and 5-year periods, where it returned 558.00% and 1769.32%, respectively, compared to the S&P 500's 81.19% and 91.29%.
Key valuation ratios are not provided, but the peer comparison shows that Horizon Kinetics Holding Corp. is positioned favorably within its industry, with no direct competitors listed for comparison. Despite recent short-term underperformance against the S&P 500, where it returned -8.61% year-to-date compared to the index's 13.30%, its long-term performance suggests a strong potential for future growth.