The historical rank and industry rank for Federated Hermes's Price-to-Tangible-Book or its related term are showing as below:
During the past 13 years, Federated Hermes's highest Price to Tangible Book Ratio was 150.33. The lowest was 150.33. And the median was 150.33.
FHI's Price-to-Tangible-Book is not ranked *
in the Asset Management industry.
Industry Median: 0.93 * Ranked among companies with meaningful Price-to-Tangible-Book only.
Federated Hermes Price-to-Tangible-Book Historical Data
The historical data trend for Federated Hermes's Price-to-Tangible-Book 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 Price-to-Tangible-Book
For the Asset Management subindustry, Federated Hermes's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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 Price-to-Tangible-Book Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Federated Hermes's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Federated Hermes's Price-to-Tangible-Book falls into.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
Federated Hermes Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Federated Hermes's Price-to-Tangible-Book 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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