Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Herc Holdings's Enterprise Value is $14,740 Mil.
Herc Holdings's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $468 Mil. Therefore, Herc Holdings's EV-to-EBIT ratio for today is 31.50.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Herc Holdings's Enterprise Value is $14,740 Mil.
Herc Holdings's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was $1,658 Mil. Therefore, Herc Holdings's EV-to-EBITDA ratio for today is 8.89.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Herc Holdings's Enterprise Value is $14,740 Mil.
Herc Holdings's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was $4,606 Mil. Therefore, Herc Holdings's EV-to-Revenue ratio for today is 3.20.
EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Herc Holdings's Enterprise Value is $14,740 Mil.
Herc Holdings's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $-156 Mil. Therefore, Herc Holdings's EV-to-FCF ratio for today is -94.49.
*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.
Herc Holdings (NYSE:HRI) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
Herc Holdings's current Enterprise Value is $14,740 Mil.
Herc Holdings's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $468 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Herc Holdings's current Enterprise Value is $14,740 Mil.
Herc Holdings's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,658 Mil.
Herc Holdings's current Enterprise Value is $14,740 Mil.
Herc Holdings's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $4,606 Mil.
Herc Holdings's current Enterprise Value is $14,740 Mil.
Herc Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,191 Mil.
Herc Holdings's current Enterprise Value is $14,740 Mil.
Herc Holdings's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-156 Mil.
* 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.
Herc Holdings Enterprise Value Related Terms
Herc Holdings Enterprise Value Historical Data
* Premium members only.
The historical data trend for Herc Holdings's Enterprise Value 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.
HRI vs WSC, EQPT, GATX: Enterprise Value Comparison
For the Rental & Leasing Services subindustry, Herc Holdings's Enterprise Value, along with its competitors' market caps and Enterprise Value 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.
Herc Holdings Enterprise Value vs Business Services Industry
For the Business Services industry and Industrials sector, Herc Holdings's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Herc Holdings's Enterprise Value falls into.
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
Herc Holdings's Enterprise Value for the fiscal year that ended in Dec. 2025 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.
Herc Holdings (HRI) has a Enterprise Value of $14,740 Mil as of Jun. 26, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Herc Holdings and its competitors.
Is Herc Holdings' Enterprise Value too high?
Herc Holdings' current Enterprise Value is $14,740 Mil. Overall, Herc Holdings has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Herc Holdings' Enterprise Value compare to WSC and EQPT?
Herc Holdings' Enterprise Value of $14,740 Mil can be compared against companies in the Business Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for a Business Services company?
A good Enterprise Value depends on the Business Services industry context. However, Enterprise Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Herc Holdings and its competitors. Herc Holdings's current Enterprise Value is $14,740 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Herc Holdings stock overvalued right now?
Based on GuruFocus' analysis, Herc Holdings (HRI) is currently considered Fairly Valued. The stock's GF Value™ is $168.69, compared to a current price of $153.92 — trading 8.8% below its estimated fair value. The current Enterprise Value is $14,740 Mil. Herc Holdings' overall GF Score™ is 86/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Herc Holdings (HRI), the current Enterprise Value is $14,740 Mil as of Jun. 26, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Herc Holdings (HRI) Overvalued in 2026?
Based on GuruFocus' analysis, Herc Holdings stock appears to be undervalued.
The current stock price of $153.92 is trading 8.8% below its estimated GF Value™ of $168.69.
GuruFocus considers Herc Holdings to be Fairly Valued.
Key valuation signals for HRI:
Enterprise Value: $14,740 Mil
GF Value™: $168.69 vs. price of $153.92 (8.8% below fair value)
No single metric tells the full story. See the HRI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Herc Holdings is an equipment rental company that was spun out of Hertz Global in 2016. It is currently the third-largest player in North America, after United Rentals and Sunbelt Rentals, with an approximate 6% market share pro forma for its 2025 acquisition of H&E Equipment Services. It serves a similar mix of companies to its peers (industrial, commercial, and residential construction) from its 450 locations targeting the top 100 metropolitan markets in the US. Herc's rental fleet of approximately $7 billion is also similar in composition to its peer group in terms of equipment offered. The company is also pursuing diversification by bundling and increasing specialty solutions for its customer base. Herc's portfolio skews toward local customers versus national accounts (60%/40%).
86GF Score
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