P/E ratio for Heritage Global (HGBL)
P/E ratio as of May 2024 (TTM): 4.88
According to Heritage Global's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 4.88. At the end of 2022 the company had a P/E ratio of 5.47.
P/E ratio history for Heritage Global from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 5.47 | -73.7% |
| 2021 | 20.8 | 143.18% |
| 2020 | 8.54 | 13.34% |
| 2019 | 7.54 | 117.78% |
| 2018 | 3.46 | -111.16% |
| 2017 | -31.0 | -117.23% |
| 2016 | 180 | -29046.67% |
| 2015 | -0.6216 | 82.6% |
| 2014 | -0.3404 | -89.45% |
| 2013 | -3.23 | -85.33% |
| 2012 | -22.0 | -1493.33% |
| 2011 | 1.58 | 176.32% |
| 2010 | 0.5714 | -122.86% |
| 2009 | -2.50 | -546.43% |
| 2008 | 0.5600 | -105.42% |
| 2007 | -10.3 | 907.5% |
| 2006 | -1.03 | 61.41% |
| 2005 | -0.6354 | 26.02% |
| 2004 | -0.5042 | 7.55% |
| 2003 | -0.4688 | -13.81% |
| 2002 | -0.5439 | 219.56% |
| 2001 | -0.1702 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Performant Financial PFMT | -21.3 | -535.49% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.