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Heritage Global Inc. HGBL

Nasdaq · stock · Services-Business Services, NEC · website · IPO 2014-04-29

Heritage Global Inc. statistics & valuation

Market cap$42.4M
P / E11.8×
P / S0.8×
P / B0.6×
Net margin7.0%
Return on equity5.4%
FCF margin-4.6%
Return on capital7.8%
Graham number +92.7%$2.06

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 ($2.06); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
0.10% -1.20% 15.90% 14.90% 36.90% 11.80% 33.00% 20.60% 11.40% 7.00% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
0.80% 1.80% 17.20% 11.70% 23.10% 11.70% 23.70% 23.70% 20.00% 11.20% 2016201720182019202020212022202320242025
Return on equity (%)
0.40% -7.10% 49.40% 32.90% 32.30% 9.40% 32.10% 20.40% 7.90% 5.40% 2016201720182019202020212022202320242025
Shares outstanding
28.5M 28.5M 29.3M 29.3M 35.3M 36.9M 37.1M 37.6M 37.1M 35.4M 2016201720182019202020212022202320242025
Net debt ($)
-$5.1M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
0.10% -1.90% 18.20% 17.80% 21.70% 6.00% 22.90% 15.00% 6.40% 4.10% 2016201720182019202020212022202320242025
Free cash flow margin (%)
16.00% 5.70% 31.10% 2.60% 34.90% -15.70% 13.40% 21.10% 16.80% -4.60% 2016201720182019202020212022202320242025
Debt / equity (×)
0.12× 2016201720182019202020212022202320242025
EPS ($)
$0.00 -$0.01 $0.13 $0.13 $0.30 $0.08 $0.42 $0.33 $0.14 $0.10 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

Heritage Global Inc. trades at about 10.7× earnings — above its 10-year norm (10-year range 1.1×–21.1×, median 8.5×).

1.1× 21.1×

Shaded band = 10-year range (1.1×–21.1×); dot = today's 10.7×.

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 margin11.2%20.0%23.7%23.7%11.7%23.1%11.7%17.2%1.8%0.8%
Net margin7.0%11.4%20.6%33.0%11.8%36.9%14.9%15.9%-1.2%0.1%
FCF margin-4.6%16.8%21.1%13.4%-15.7%34.9%2.6%31.1%5.7%16.0%
Return on assets4.1%6.4%15.0%22.9%6.0%21.7%17.8%18.2%-1.9%0.1%
Return on equity5.4%7.9%20.4%32.1%9.4%32.3%32.9%49.4%-7.1%0.4%
Debt / equity——0.12×———————
Current ratio2.162.271.781.471.641.930.740.760.350.52

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