Herc HoldingsHRI +0.86%86 PB Ratio is 2.71 as of Jun. 26, 2026, which is 10% below its 10-year median of 3.02. GuruFocus rates HRI with a GF Score™ of 86/100 and a GF Value™ of $168.69 (Fairly Valued). The stock has 9 warning signs investors should review. Among 1,049 Business Services companies, Herc Holdings ranks worse than 71.21% on this metric.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-06-26), Herc Holdings's share price is $154.31. Herc Holdings's Book Value per Share for the quarter that ended in Mar. 2026 was $56.88. Hence, Herc Holdings's PB Ratio of today is 2.71.
The historical rank and industry rank for Herc Holdings's PB Ratio or its related term are showing as below:
HRI'
s PB Ratio Range Over the Past 10 Years
Min: 0.61 Med: 3.02 Max: 6.4
Current: 2.71
During the past 13 years, Herc Holdings's highest PB Ratio was 6.40. The lowest was 0.61. And the median was 3.02.
HRI's PB Ratio is ranked worse than 71.21% of 1049
companies
in the Business Services industry
Industry Median: 1.62
vs HRI: 2.71
During the past 12 months, Herc Holdings's average Book Value Per Share Growth Rate was 19.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 15.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 17.30% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 8.20% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Herc Holdings was 25.80% per year. The lowest was -44.70% per year. And the median was 14.70% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Herc Holdings PB Ratio Related Terms
Herc Holdings PB Ratio Historical Data
* Premium members only.
The historical data trend for Herc Holdings's PB 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.
For the Rental & Leasing Services subindustry, Herc Holdings'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.
Herc Holdings PB Ratio vs Business Services Industry
For the Business Services industry and Industrials sector, Herc Holdings's PB Ratio distribution charts can be found below:
* The bar in red indicates where Herc Holdings's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
Herc Holdings's PB Ratio for today is calculated as follows:
* 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 Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Herc Holdings (HRI) has a PB Ratio of 2.71 as of Jun. 26, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Herc Holdings and its competitors. This is 10% below median its historical median of 3.02. Over the past decade, Herc Holdings' PB Ratio has ranged from 0.61 to 6.40. According to the industry distribution chart, Herc Holdings ranks #747 out of 1049 companies in the Business Services industry, placing it in the top 71.2%.
Is Herc Holdings' PB Ratio too high?
Herc Holdings' current PB Ratio of 2.71 is 10% below median its 10-year median of 3.02. Over the past 10 years, this metric has ranged from a low of 0.61 to a high of 6.40. The Business Services industry median PB Ratio is 1.62. Herc Holdings' value of 2.71 is 67.3% above this industry median. Based on the distribution chart, Herc Holdings ranks #747 out of 1049 companies in the Business Services industry, which is below the industry midpoint. 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' PB Ratio compare to WSC and EQPT?
According to the Business Services industry distribution chart, Herc Holdings ranks #747 out of 1049 companies for PB Ratio. This places Herc Holdings in the lower half of its industry. The industry median PB Ratio is 1.62. Herc Holdings' value of 2.71 is 67.3% above this benchmark. Historically, Herc Holdings' own PB Ratio has ranged from 0.61 to 6.40 over the past decade. While the company's 10-year median is 3.02 vs. the industry median of 1.62, Herc Holdings has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PB Ratio for a Business Services company?
The median PB Ratio among Business Services companies is 1.62, based on 1,049 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Herc Holdings's current PB Ratio of 2.71 is 67.3% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Herc Holdings and its competitors. For the Business Services industry, the median PB Ratio is 1.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Herc Holdings's current PB Ratio is 2.71, which is 10% below median its own 10-year median of 3.02. 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 $154.31 — trading 8.5% below its estimated fair value. The current PB Ratio is 2.71, which is 10% below median its 10-year median of 3.02 and 67.3% above the Business Services industry median of 1.62. 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 PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Herc Holdings (HRI), the current PB Ratio is 2.71 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 $154.31 is trading 8.5% below its estimated GF Value™ of $168.69.
GuruFocus considers Herc Holdings to be Fairly Valued.
Key valuation signals for HRI:
PB Ratio: 2.71 (10% below median its 10-year median of 3.02)
GF Value™: $168.69 vs. price of $154.31 (8.5% below fair value)
Industry Position: 67.3% above the Business Services median (#747 of 1049)
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%).
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