Heritage Global (XCNQ:HGP) EV-to-EBIT : 6.70 (As of Apr. 28, 2024)

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What is Heritage Global EV-to-EBIT?

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Heritage Global's Enterprise Value is C$129.26 Mil. Heritage Global's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was C$19.31 Mil. Therefore, Heritage Global's EV-to-EBIT for today is 6.70.

The historical rank and industry rank for Heritage Global's EV-to-EBIT or its related term are showing as below:

XCNQ:HGP' s EV-to-EBIT Range Over the Past 10 Years
Min: -25.81 Med: 6.19 Max: 147.81
Current: 6.27

During the past 13 years, the highest EV-to-EBIT of Heritage Global was 147.81. The lowest was -25.81. And the median was 6.19.

XCNQ:HGP's EV-to-EBIT is ranked better than
63.62% of 481 companies
in the Capital Markets industry
Industry Median: 10.1 vs XCNQ:HGP: 6.27

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Heritage Global's Enterprise Value for the quarter that ended in Dec. 2023 was C$0.00 Mil. Heritage Global's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was C$19.31 Mil. Heritage Global's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was %.

Heritage Global EV-to-EBIT Historical Data

The historical data trend for Heritage Global's EV-to-EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Heritage Global EV-to-EBIT Chart

Heritage Global Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EV-to-EBIT

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9.18

11.80

20.36

7.31

6.97

Heritage Global Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EV-to-EBIT	Get a 7-Day Free Trial															7.31	6.93	9.52	8.65	6.97

Competitive Comparison of Heritage Global's EV-to-EBIT

For the Capital Markets subindustry, Heritage Global's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Heritage Global's EV-to-EBIT Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Heritage Global's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Heritage Global's EV-to-EBIT falls into.

Heritage Global EV-to-EBIT Calculation

Heritage Global's EV-to-EBIT for today is calculated as:

EV-to-EBIT	=	Enterprise Value (Today)	/	EBIT (TTM)
	=	129.258	/	19.306
	=	6.70

Heritage Global's current Enterprise Value is C$129.26 Mil.
Heritage Global's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$19.31 Mil.

Heritage Global (XCNQ:HGP) EV-to-EBIT Explanation

This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %.

Heritage Global's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Dec. 2023 )	=	EBIT	/	Enterprise Value (Q: Dec. 2023 )
	=	19.306	/	0
	=	%

Heritage Global's Enterprise Value for the quarter that ended in Dec. 2023 was C$0.00 Mil.
Heritage Global's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$19.31 Mil.

Heritage Global EV-to-EBIT Related Terms

Thank you for viewing the detailed overview of Heritage Global's EV-to-EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

Heritage Global (XCNQ:HGP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Heritage Global Inc (XCNQ:HGP) » Definitions » EV-to-EBIT

Comparable Companies

Traded in Other Exchanges

HGBL:USA LGC:Germany

Address

12625 High Bluff Drive, Suite 305, San Diego, CA, USA, 92130

Website

https://www.hginc.com

Heritage Global Inc values and monetizes industrial and financial assets by providing acquisition, disposition, valuation, and lending services for surplus and distressed assets. It aids in facilitating the economy by diverting useful industrial assets from landfills and operating a supply chain by overseeing the post-sale account activity of financial assets. The group operates in four segments namely Auction and Liquidation; Refurbishment and Resale; Brokerage and Specialty Lending. It generates maximum revenue from the Auction and Liquidation segment. The Auction and Liquidation segment, through HGP, operates as a global full-service auction, appraisal, and asset advisory firm, including the acquisition of turnkey manufacturing facilities and used industrial machinery and equipment.

Heritage Global (XCNQ:HGP) Headlines

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