Is Horizon Kinetics Holding Corp. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Horizon Kinetics Holding Corp. has moved from fair to very attractive, indicating a significant improvement in its perceived value. The company appears to be undervalued given its strong performance metrics, particularly the remarkable 3-year return of 558.00% compared to the S&P 500's 81.19%, and a staggering 5-year return of 1769.32% against the S&P 500's 91.29%.
While specific valuation ratios are not provided, the peer comparison shows that Horizon Kinetics is classified as very attractive, suggesting it stands out favorably against its peers in the capital markets industry. This positive valuation outlook is further supported by the company's impressive one-year return of 37.08%, significantly outpacing the S&P 500's 14.08% during the same period. Overall, Horizon Kinetics Holding Corp. is positioned as an attractive investment opportunity.