Heritage Global (FRA:LGC) Forward PE Ratio : 7.32 (As of Dec. 15, 2024)

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What is Heritage Global Forward PE Ratio?

Heritage Global's Forward PE Ratio for today is 7.32.

Heritage Global's PE Ratio without NRI for today is 6.18.

Heritage Global's PE Ratio (TTM) for today is 6.18.

Heritage Global Forward PE Ratio Historical Data

The historical data trend for Heritage Global's Forward PE Ratio 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.

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Heritage Global Forward PE Ratio Chart

Heritage Global Annual Data

Trend

2024-12

Forward PE Ratio

7.32

Heritage Global Quarterly Data
	2024-12
Forward PE Ratio	7.32

Competitive Comparison of Heritage Global's Forward PE Ratio

For the Capital Markets subindustry, Heritage Global's Forward PE Ratio, along with its competitors' market caps and Forward PE 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.

Heritage Global's Forward PE Ratio Distribution in the Capital Markets Industry

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

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

Heritage Global Forward PE Ratio Calculation

It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.

Heritage Global (FRA:LGC) Forward PE Ratio Explanation

The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.

Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income 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 .

Heritage Global Forward PE Ratio Related Terms

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Heritage Global Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Heritage Global Inc (FRA:LGC) » Definitions » Forward PE Ratio

Comparable Companies

Traded in Other Exchanges

HGBL:USA

Address

12625 High Bluff Drive, Suite 305, San Diego, CA, USA, 92130

Website

https://www.hginc.com

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.