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FEDERATED HERMES, INC. FHI

NYSE · stock · Investment Advice · website · IPO 1998-05-13 · LEI

FEDERATED HERMES, INC. statistics & valuation

Market cap$4.4B
P / E10.8×
P / S2.4×
P / B3.6×
P / FCF14.8×
Dividend yield2.40%
Net margin22.4%
Return on equity33.7%
FCF margin16.4%
Net cash$234.2M
Net debt / EBITDA-0.4×
Enterprise value USD$4.1B
EV / EBITDA7.9×
Earnings yield EBIT/EV12.4%
Return on capital26.8%
Graham number -31.9%$42.89

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 ($42.89); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
18.30% 26.40% 19.40% 20.50% 22.50% 20.80% 16.60% 18.60% 16.40% 22.40% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
29.40% 31.00% 29.10% 26.20% 28.90% 28.20% 23.30% 24.10% 22.10% 28.50% 2016201720182019202020212022202320242025
Return on equity (%)
35.10% 38.30% 25.70% 26.20% 28.70% 24.30% 22.90% 26.50% 24.50% 33.70% 2016201720182019202020212022202320242025
Shares outstanding
99.1M 97.4M 96.9M 97.3M 96.5M 93.8M 85.8M 83.9M 79.4M 75.1M 2016201720182019202020212022202320242025
Net debt ($)
-$10.0M $10.8M -$35.3M -$156.3M -$234.2M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
18.10% 23.70% 14.30% 14.50% 15.80% 13.40% 11.90% 14.20% 12.90% 18.10% 2016201720182019202020212022202320242025
Free cash flow margin (%)
22.10% 34.20% 16.60% 24.10% 24.80% 12.30% 22.10% 18.90% 21.00% 16.40% 2016201720182019202020212022202320242025
Debt / equity (×)
0.20× 0.33× 0.31× 0.32× 0.29× 2016201720182019202020212022202320242025
EPS ($)
$2.18 $2.69 $3.23 $2.75 $2.65 $3.40 $3.23 $5.13 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

FEDERATED HERMES, INC. trades at about 12.3× earnings — near its 10-year norm (10-year range 8.4×–14.8×, median 12×).

8.4× 14.8×

Shaded band = 10-year range (8.4×–14.8×); dot = today's 12.3×.

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 margin28.5%22.1%24.1%23.3%28.2%28.9%26.2%29.1%31.0%29.4%
Net margin22.4%16.4%18.6%16.6%20.8%22.5%20.5%19.4%26.4%18.3%
FCF margin16.4%21.0%18.9%22.1%12.3%24.8%24.1%16.6%34.2%22.1%
Return on assets18.1%12.9%14.2%11.9%13.4%15.8%14.5%14.3%23.7%18.1%
Return on equity33.7%24.5%26.5%22.9%24.3%28.7%26.2%25.7%38.3%35.1%
Debt / equity0.29×0.32×0.31×0.33×0.20×—————
Current ratio2.752.702.512.532.072.172.001.683.392.21

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.