Stocktoria
Heritage Global Inc. HGBL
Heritage Global Inc. (HGBL) earns a Piotroski F-score of 5/9 (mixed financial health), with an Altman Z″ in the distress zone. It does not currently pay a dividend. FY2025 revenue was $51.0M at a 7.0% net margin.
Quality score trend · recomputed for each fiscal year
Each year's score is computed from that year's filing — a rising Piotroski F or Altman Z″ means improving financial health, a fall is worth a look.
Analyst price target
Wall Street analyst consensus — a sentiment gauge, not our scoring.
Smart money · insiders, last 12 months
Open-market insider purchases minus sells (SEC Form 4) — real buying with their own money is a bullish “smart money” signal; grants and option exercises are excluded.
How it ranks in Services · percentile among 982 companies
Percentile vs other Services companies we cover — e.g. “stronger than 90%” means only 10% score higher on that measure.
Piotroski F breakdown · 5/9 tests passed
- Positive return on assets
- Positive operating cash flow
- Rising ROA
- Cash flow exceeds net income
- Lower long-term debt
- Rising current ratio
- No share dilution
- Rising gross margin
- Rising asset turnover
Altman Z″ components · distress zone
| Component | Value |
|---|---|
| Working capital / assets | 0.204 |
| Retained earnings / assets | -2.536 |
| EBIT / assets | 0.065 |
| Equity / liabilities | 3.122 |
Sector peers · similar-size Services companies compare side by side →
| Ticker | Company | Piotroski F | Altman Z″ | P / E | Revenue growth |
|---|---|---|---|---|---|
| HGBL | Heritage Global Inc. | 5/9 | -3.22 | 11.8 | +12.4% |
| POWW | Outdoor Holding Co | 7/9 | 6.36 | — | +3.5% |
| RSSS | Research Solutions, Inc. | 5/9 | -1.74 | 60.5 | +9.9% |
| DVLT | Datavault AI Inc. | 5/9 | 4.3 | — | — |
| CURR | Currenc Group Inc. | 6/9 | -3.93 | — | -18.6% |
| INVU | Investview, Inc. | 3/9 | -14.41 | — | -30.8% |
| PAYS | Paysign, Inc. | 6/9 | 1.14 | 60.5 | +40.5% |
About Heritage Global Inc.
Heritage Global Inc., together with its subsidiaries, operates as an asset services company with focus on financial and industrial asset transactions in the United States. It operates through three segments: Auction and Liquidation, Refurbishment and Resale, Brokerage, and Specialty Lending. The company offers a suite of market making, acquisitions, refurbishment, dispositions, valuations, and secured lending services. It is also involved in identifying, valuing, acquiring, and monetizing underlying tangible assets. In addition, the company acts as an adviser, as well as a principal, acquiring, or brokering manufacturing facilities; surplus industrial machinery and equipment; industrial inventories; and charged-off receivable portfolios. The company was formerly known as Counsel RB Capital Inc. and changed its name to Heritage Global, Inc. in August 2013. Heritage Global, Inc. was founded in 1937 and is headquartered in San Diego, California.
FAQ
Is HGBL financially healthy?
Heritage Global Inc.'s Piotroski F-score is 5/9 (8–9 is excellent, 0–3 weak), and its Altman Z″ distress score is in the distress zone.
Does HGBL pay a dividend?
No, Heritage Global Inc. does not currently pay a dividend.
How profitable is HGBL?
In FY2025, Heritage Global Inc. had a net margin of 7.0% and a return on equity of 5.4%.
Is HGBL overvalued or undervalued?
Heritage Global Inc. trades at about 10.7× trailing earnings — above its 10-year norm (10-year range 1.1×–21.1×, median 8.5×). Stocktoria reports the data, not buy/sell advice.
What is the analyst price target for HGBL?
The average Wall-Street price target for Heritage Global Inc. is $3.33, about 210.7% above the recent price, from 4 analysts.
Is HGBL a good stock to buy?
Stocktoria doesn't give buy or sell advice, but here is the data on Heritage Global Inc.: a Piotroski F-score of 5/9, an Altman Z″ in the distress zone, a P/E of about 11.8×. Weigh these quality and valuation signals against your own goals.
Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.