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Heritage Global (Heritage Global) PE Ratio (TTM) : 7.67 (As of Apr. 24, 2024)


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What is Heritage Global PE Ratio (TTM)?

The PE Ratio (TTM), or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). As of today (2024-04-24), Heritage Global's share price is $2.53. Heritage Global's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2023 was $0.33. Therefore, Heritage Global's PE Ratio (TTM) for today is 7.67.


The historical rank and industry rank for Heritage Global's PE Ratio (TTM) or its related term are showing as below:

HGBL' s PE Ratio (TTM) Range Over the Past 10 Years
Min: 3.38   Med: 8.22   Max: 345
Current: 7.67


During the past 13 years, the highest PE Ratio (TTM) of Heritage Global was 345.00. The lowest was 3.38. And the median was 8.22.


HGBL's PE Ratio (TTM) is ranked better than
82.82% of 553 companies
in the Capital Markets industry
Industry Median: 18.67 vs HGBL: 7.67

Heritage Global's Earnings per Share (Diluted) for the three months ended in Dec. 2023 was $0.13. Its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2023 was $0.33.

As of today (2024-04-24), Heritage Global's share price is $2.53. Heritage Global's EPS without NRI for the trailing twelve months (TTM) ended in Dec. 2023 was $0.33. Therefore, Heritage Global's PE Ratio without NRI for today is 7.67.

During the past 13 years, Heritage Global's highest PE Ratio without NRI was 138.00. The lowest was 3.52. And the median was 8.86.

Heritage Global's EPS without NRI for the three months ended in Dec. 2023 was $0.13. Its EPS without NRI for the trailing twelve months (TTM) ended in Dec. 2023 was $0.33.

During the past 12 months, Heritage Global's average EPS without NRI Growth Rate was -21.40% per year. During the past 3 years, the average EPS without NRI Growth Rate was 3.20% per year. During the past 5 years, the average EPS without NRI Growth Rate was 20.70% per year.

During the past 13 years, Heritage Global's highest 3-Year average EPS without NRI Growth Rate was 316.00% per year. The lowest was -212.70% per year. And the median was 50.95% per year.

Heritage Global's EPS (Basic) for the three months ended in Dec. 2023 was $0.13. Its EPS (Basic) for the trailing twelve months (TTM) ended in Dec. 2023 was $0.34.


Heritage Global PE Ratio (TTM) Historical Data

The historical data trend for Heritage Global's PE Ratio (TTM) 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 PE Ratio (TTM) Chart

Heritage Global Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
PE Ratio (TTM)
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.54 8.87 23.38 5.60 8.42

Heritage Global Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
PE Ratio (TTM) Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.60 5.98 7.54 6.64 8.42

Competitive Comparison of Heritage Global's PE Ratio (TTM)

For the Capital Markets subindustry, Heritage Global's PE Ratio (TTM), along with its competitors' market caps and PE Ratio (TTM) 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 PE Ratio (TTM) Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Heritage Global's PE Ratio (TTM) distribution charts can be found below:

* The bar in red indicates where Heritage Global's PE Ratio (TTM) falls into.



Heritage Global PE Ratio (TTM) Calculation

The PE Ratio (TTM), or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). It is the most widely used ratio in the valuation of stocks.

Heritage Global's PE Ratio (TTM) for today is calculated as

PE Ratio (TTM)=Share Price/Earnings per Share (Diluted) (TTM)
=2.53/0.330
=7.67

Heritage Global's Share Price of today is $2.53.
Heritage Global's Earnings per Share (Diluted) 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 $0.33.

* 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:

PE Ratio (TTM)=Market Cap /Net Income

There are at least three kinds of PE Ratio (TTM)s used by different investors. They are Trailing Twelve Month PE Ratio (TTM) or PE Ratio (TTM) (TTM), Forward PE Ratio, or PE Ratio without NRI. A new PE Ratio (TTM) based on inflation-adjusted normalized PE Ratio (TTM) is called Shiller PE Ratio, after Yale professor Robert Shiller.

In the calculation of PE Ratio (TTM), the earnings per share used are the earnings per share over the past 12 months. For Forward PE Ratio, the earnings are the expected earnings for the next twelve months. In the case of PE Ratio without NRI, the reported earnings less the non-recurring items are used.

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. Since it looks at the average over the last 10 years, Shiller PE Ratio is also called PE10.


Heritage Global  (NAS:HGBL) PE Ratio (TTM) Explanation

The PE Ratio (TTM) can be viewed as the number of years it takes for the company to earn back the price you pay for the stock. For example, if a company earns $2 a share per year, and the stock is traded at $30, the PE Ratio (TTM) is 15. Therefore it takes 15 years for the company to earn back the $30 you paid for its stock, assuming the earnings stays constant over the next 15 years.

In real business, earnings never stay constant. If a company can grow its earnings, it takes fewer years for the company to earn back the price you pay for the stock. If a company's earnings decline it takes more years. As a shareholder, you want the company to earn back the price you pay as soon as possible. Therefore, lower P/E stocks are more attractive than higher P/E stocks so long as the PE Ratio (TTM) is positive. Also for stocks with the same PE Ratio (TTM), the one with faster growth business is more attractive.

If a company loses money, the PE Ratio (TTM) becomes meaningless.

To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the PE Ratio (TTM) divided by the growth ratio. He thinks a company with a PE Ratio (TTM) equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a PE Ratio (TTM) of 20, instead of a company growing 10% a year with a PE Ratio (TTM) of 10.

Because the PE Ratio (TTM) measures how long it takes to earn back the price you pay, the PE Ratio (TTM) can be applied to the stocks across different industries. That is why it is the one of the most important and widely used indicators for the valuation of stocks.

Similar to the PE Ratio without NRI or PS Ratio or Price-to-Operating-Cash-Flow or Price-to-Free-Cash-Flow , the PE Ratio (TTM) measures the valuation based on the earning power of the company. This is where it is different from the PB Ratio , which measures the valuation based on the company's balance sheet.


Be Aware

Investors need to be aware that the PE Ratio (TTM) can be misleading a lot of times, especially when the underlying business is cyclical and unpredictable. As Peter Lynch pointed out, cyclical businesses have higher profit margins at the peaks of the business cycles. Their earnings are high and PE Ratio (TTM)s are artificially low. It is usually a bad idea to buy a cyclical business when the PE Ratio (TTM) is low. A better ratio to identify the time to buy a cyclical businesses is the PS Ratio .

PE Ratio (TTM) can also be affected by non-recurring-items such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio (TTM).


Heritage Global PE Ratio (TTM) Related Terms

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Heritage Global (Heritage Global) Business Description

Traded in Other Exchanges
Address
12625 High Bluff Drive, Suite 305, San Diego, CA, USA, 92130
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.
Executives
Nicholas Kirk Dove officer: President, Industrial Assets 12509 EL CAMINO REAL, UNIT B, SAN DIEGO CA 92130
Samuel L Shimer director C/O HERITAGE GLOBAL INC., 12625 HIGH BLUFF DRIVE, SUITE 305, SAN DIEGO CA 92130
Ross Dove officer: President of Subsidiary 330 HATCH DRIVE, FOSTER CITY CA 94404
David Van Ludwig officer: President of subsidiary 10 SUNSET HILLS PROFESSIONAL CENTRE, EDWARDSVILLE IL 62025
Michael Hexner director 200 BRANNAN STREET, #332, SAN FRANCISCO CA 94107
Topline Capital Partners, Lp 10 percent owner 544 EUCLID STREET, SANTA MONICA CA 90402
Topline Capital Management, Llc other: See Explanation in Footnotes 544 EUCLID STREET, SANTA MONICA CA 90402
William L Burnham director INDUCTIVE CAPITAL LP, 9855 DOUBLE R BLVD, STE 125, RENO NV 89521
James Edward Sklar officer: EVP, Gen. Counsel & Secretary 31500 NORTHWESTERN HWY., SUITE 105, FARMINGTON HILLS MI 48334
Kelly S Sharpe director 5094 NORTHLAWN DR., SAN JOSE CA 95130
Barbara A Sinsley director 2502 KENNETH ST., MARRIETA GA 30066
Shirley Cho director 12227 VALLEYHEART DRIVE, STUDIO CITY CA 91604
Brian J. Cobb officer: VP of Finance and Controller 12625 HIGH BLUFF DRIVE, SUITE 305, SAN DIEGO CA 92130
Allan C Silber officer: President C/O COUNSEL CORPORATION, 700 - 1 TORONTO ST., TORONTO A6 M5C 2V6
Mcbirney Collin other: See Explanation in Footnotes 544 EUCLID STREET, SANTA MONICA CA 90402

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