As of today (2024-04-20), Heritage Global's share price is $2.48. Heritage Global's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $1.36. Hence, Heritage Global's Price to Tangible Book Ratio of today is 1.83.
The historical rank and industry rank for Heritage Global's Price-to-Tangible-Book or its related term are showing as below:
HGBL'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.82 Med: 3.32 Max: 10
Current: 1.82
During the past 13 years, Heritage Global's highest Price to Tangible Book Ratio was 10.00. The lowest was 1.82. And the median was 3.32.
HGBL's Price-to-Tangible-Book is ranked worse than 60.19% of 721
companies
in the Capital Markets industry
Industry Median: 1.32
vs HGBL: 1.82
A closely related ratio is called PB Ratio. As of today, Heritage Global's share price is $2.48. Heritage Global's Book Value per Sharefor the quarter that ended in Dec. 2023 was $1.66. Hence, Heritage Global's P/B Ratio of today is 1.49.
Heritage Global Price-to-Tangible-Book Historical Data
The historical data trend for Heritage Global's Price-to-Tangible-Book 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 Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Price-to-Tangible-Book
10.00
4.42
3.32
2.36
2.05
Heritage Global Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Price-to-Tangible-Book
2.36
2.66
3.12
2.55
2.05
Competitive Comparison
For the Capital Markets subindustry, Heritage Global's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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 Price-to-Tangible-Book Distribution
For the Capital Markets industry and Financial Services sector, Heritage Global's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Heritage Global's Price-to-Tangible-Book falls into.
Heritage Global Price-to-Tangible-Book Calculation
Heritage Global's price-to-tangible-book ratio for today is calculated as:
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
Heritage Global Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Heritage Global's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Heritage Global (Heritage Global) Business Description
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.
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