Heritage Global Inc.
HGBL Financial Capital Markets
Heritage Global Inc.’s revenue for fiscal 2025 (year ended December 2025) was $51.0 million, up 12.4% from fiscal 2024. In the quarter to June 2026, revenue fell 14.3%, EPS fell 1,020.0%, free cash flow fell 18.1% and total debt fell 3.16%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
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Heritage Global Inc. (HGBL) P/E ratio
Heritage Global Inc. has no meaningful P/E ratio: its trailing twelve-month earnings is negative. Over the past ten years it has ranged from 0.0× (October 2026) to 357× (January 2017) — the current reading is the lowest in ten years.
P/E ratio, daily
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Annual newest first
| Period | P/E ratio | Change |
|---|---|---|
| FY2025 | 11.3× | (11.46%) |
| FY2024 | 12.7× | 57.42% |
| FY2023 | 8.1× | 44.31% |
| FY2022 | 5.6× | (73.03%) |
| FY2021 | 20.8× | 127.54% |
| FY2020 | 9.1× | 21.13% |
| FY2019 | 7.5× | 124.98% |
| FY2018 | 3.4× | — |
| FY2017 | 0.0× | — |
| FY2016 | 267× | — |
Quarterly newest first
| Period | P/E ratio | Change |
|---|---|---|
| Jun 2026 | 0.0× | — |
| Mar 2026 | 13.6× | 20.65% |
| Dec 2025 | 11.3× | (35.28%) |
| Sep 2025 | 17.4× | (17.38%) |
| 42 more quarters | Free account |
Against its own ten years
P/E ratio against peers
| Company | P/E ratio |
|---|---|
| DOMH Dominari Holdings Inc. compare | n/m |
| HGBL Heritage Global Inc. | n/m |
| AURE Aurelion Inc. compare | n/m |
| STEX Streamex Corp. compare | n/m |
| MATH Metalpha Technology Holding Limited compare | n/m |
| COHN Institutional Financial Markets, Inc. compare | 1.1× |
| NCTY The9 Limited compare | 1.6× |
| VIP Vulcan Infrastructure and Power Inc compare | 14.4× |
| MEGL Magic Empire Global Limited compare | — |
| Capital Markets industry median | 14.2× |
| Financial sector median | 12.4× |
| Market median | 18.1× |
What P/E ratio is
Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.
Stock Price ÷ EPS (Basic) (TTM)