Herc HoldingsHRI +2.80%86 Forward PE Ratio is 24.15 as of Jul. 12, 2026. GuruFocus rates HRI with a GF Score™ of 86/100 and a GF Value™ of $168.89 (Modestly Undervalued). The stock has 9 warning signs investors should review. Among 416 Business Services companies, Herc Holdings ranks worse than 85.58% on this metric.
Herc Holdings's Forward PE Ratio for today is 24.15.
Herc Holdings (NYSE:HRI) 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 .
Herc Holdings Forward PE Ratio Related Terms
Herc Holdings Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for Herc Holdings'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.
Herc Holdings Forward PE Ratio Chart
Herc Holdings Annual Data
Trend
2016-12
2017-12
2018-12
2019-12
2020-12
2021-12
2022-12
2023-12
2024-12
2025-12
Forward PE Ratio
59.17
243.90
10.09
11.48
19.76
14.45
8.54
10.09
12.68
18.59
Herc Holdings Quarterly Data
2016-12
2017-03
2017-09
2017-12
2018-03
2018-06
2018-09
2018-12
2019-03
2019-06
2019-09
2019-12
2020-03
2020-06
2020-09
2020-12
2021-03
2021-06
2021-09
2021-12
2022-03
2022-06
2022-09
2022-12
2023-03
2023-06
2023-09
2023-12
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
59.17
129.87
270.27
243.90
217.39
45.87
24.75
10.09
12.79
14.73
10.25
11.48
5.39
38.02
10.81
19.76
23.04
17.79
19.96
14.45
14.29
7.51
6.90
8.54
7.89
9.86
7.58
10.09
12.41
9.38
9.81
12.68
10.58
12.32
11.00
18.59
14.62
HRI vs EQPT, WSC, CAR: Forward PE Ratio Comparison
For the Rental & Leasing Services subindustry, Herc Holdings'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.
Herc Holdings Forward PE Ratio vs Business Services Industry
For the Business Services industry and Industrials sector, Herc Holdings's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Herc Holdings's Forward PE Ratio falls into.
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.
Herc Holdings (HRI) has a Forward PE Ratio of 24.15 as of Jul. 12, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Herc Holdings and its competitors. According to the industry distribution chart, Herc Holdings ranks #356 out of 416 companies in the Business Services industry, placing it in the top 85.6%.
Is Herc Holdings' Forward PE Ratio too high?
Herc Holdings' current Forward PE Ratio is 24.15. The Business Services industry median Forward PE Ratio is 12.59. Herc Holdings' value of 24.15 is 91.8% above this industry median. Based on the distribution chart, Herc Holdings ranks #356 out of 416 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Herc Holdings has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Herc Holdings' Forward PE Ratio compare to EQPT and WSC?
According to the Business Services industry distribution chart, Herc Holdings ranks #356 out of 416 companies for Forward PE Ratio. This places Herc Holdings in the lower half of its industry. The industry median Forward PE Ratio is 12.59. Herc Holdings' value of 24.15 is 91.8% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for a Business Services company?
The median Forward PE Ratio among Business Services companies is 12.59, based on 416 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Herc Holdings's current Forward PE Ratio of 24.15 is 91.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Herc Holdings and its competitors. For the Business Services industry, the median Forward PE Ratio is 12.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Herc Holdings's current Forward PE Ratio is 24.15. 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 Modestly Undervalued. The stock's GF Value™ is $168.89, compared to a current price of $148.91 — trading 11.8% below its estimated fair value. The current Forward PE Ratio is 24.15 and 91.8% above the Business Services industry median of 12.59. 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 Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For Herc Holdings (HRI), the current Forward PE Ratio is 24.15 as of Jul. 12, 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 $148.91 is trading 11.8% below its estimated GF Value™ of $168.89.
GuruFocus considers Herc Holdings to be Modestly Undervalued.
Key valuation signals for HRI:
Forward PE Ratio: 24.15
GF Value™: $168.89 vs. price of $148.91 (11.8% below fair value)
Industry Position: 91.8% above the Business Services median (#356 of 416)
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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Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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