Federated Hermes's book value per share for the quarter that ended in Mar. 2024 was $14.22.
During the past 12 months, Federated Hermes's average Book Value Per Share Growth Rate was 13.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 5.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 7.90% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 10.40% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the book value growth rate using book value per share data.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Federated Hermes was 46.10% per year. The lowest was -6.40% per year. And the median was 9.50% per year.
Federated Hermes's current price is $32.66. Its book value per share for the quarter that ended in Mar. 2024 was $14.22. Hence, today's PB Ratio of Federated Hermes is 2.30.
During the past 13 years, the highest P/B Ratio of Federated Hermes was 6.08. The lowest was 1.54. And the median was 3.53.
Good Sign:
Federated Hermes Inc stock PB Ratio (=2.47) is close to 3-year low of 2.46
Federated Hermes Book Value per Share Historical Data
The historical data trend for Federated Hermes's Book Value per Share 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.
Competitive Comparison of Federated Hermes's Book Value per Share
For the Asset Management subindustry, Federated Hermes's PB Ratio, along with its competitors' market caps and PB Ratio 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.
Federated Hermes's PB Ratio Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Federated Hermes's PB Ratio distribution charts can be found below:
* The bar in red indicates where Federated Hermes's PB Ratio falls into.
Federated Hermes Book Value per Share Calculation
Federated Hermes's Book Value Per Share for the fiscal year that ended in Dec. 2023 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.
Book value may include intangible items which may come from the company's past acquisitions. Book value less intangibles is called Tangible Book.
Federated Hermes (NYSE:FHI) Book Value per Share Explanation
Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.
For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.
Federated Hermes Book Value per Share Related Terms
Thank you for viewing the detailed overview of Federated Hermes's Book Value per Share provided by GuruFocus.com. Please click on the following links to see related term pages.
Federated Hermes (Federated Hermes) Business Description
Federated provides asset management services for institutional and individual investors. The company had $715.2 billion in managed assets at the end of September 2023, composed of equity (11%), multi-asset (less than 1%), fixed-income (13%), alternative (3%), and money market (73%) funds. That said, the firm's cash-management operations are expected to generate around 46% of Federated's revenue this year, compared with 31%, 12%, and 11%, respectively, for the firm's equity, fixed-income, and alternatives/multi-asset operations. From a channel perspective, the company's products are distributed via trust banks, wealth managers and retail broker/dealers (63% of AUM), institutional investors (27%), and international clients (10%).
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