Heritage Global (HGBL) EV to CFO (2011 - 2026)
Heritage Global's (HGBL) EV to CFO stood at 49.63 in Q2 2026, up 290.8% from 12.70 a year earlier and up 17.0% from the prior quarter.
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Analysis
Heritage Global (HGBL) EV to CFO (2011 - 2026) Analysis & Trends
On a TTM basis, Heritage Global's EV to CFO came in at -39.36 as of Jun 30, 2026; for FY2025, it came in at 3.68, down 35.8% from FY2024.
- Annual EV to CFO has declined for three straight years.
- Across earlier years, EV to CFO came in at 5.72 in FY2024 (-17.1%), 6.91 in FY2023 (-39.1%) and 11.35 in FY2022.
- The Q2 2026 figure is the highest quarterly EV to CFO since Q2 2012.
- On a year-over-year basis, EV to CFO rose in three of the last seven quarters, with growth averaging 118.1%.
- Peak year-over-year performance for EV to CFO in the last five years was growth of 529.1% in Q1 2026, against a decline of 78.0% in Q1 2022 at the low end.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | United Rentals | 65.51 Bn | 64.27 Bn | 1.73 Bn |
| 2 | W.W. Grainger | 63.21 Bn | 60.81 Bn | 1.98 Bn |
| 3 | Fastenal | 59.62 Bn | 58.54 Bn | 1.06 Bn |
| 4 | Ferguson Enterprises | 44.44 Bn | 41.66 Bn | 2.32 Bn |
| 5 | Sunbelt Rentals Holdings | 31.60 Bn | 31.48 Bn | 1.25 Bn |
| 6 | Reliance | 21.43 Bn | 20.47 Bn | 1.30 Bn |
| 7 | Wesco International | 16.84 Bn | 14.16 Bn | 1.46 Bn |
| 8 | Applied Industrial Technologies | 12.51 Bn | 12.38 Bn | 411.22 Mn |
| 9 | Watsco | 11.64 Bn | 9.32 Bn | 578.93 Mn |
| 10 | Heritage Global | 43.36 Mn | -21.34 Mn | 8.34 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 49.63 |
| Mar 31, 2026 | 42.42 |
| Dec 31, 2025 | 3.68 |
| Jun 30, 2025 | 12.70 |
| Mar 31, 2025 | 6.74 |
| Dec 31, 2024 | 5.72 |
| Sep 30, 2024 | 2.57 |
| Jun 30, 2024 | 4.71 |
| Mar 31, 2024 | 14.25 |
| Dec 31, 2023 | 6.91 |
| Sep 30, 2023 | 6.04 |
| Jun 30, 2023 | 9.86 |
| Mar 31, 2023 | 7.30 |
| Dec 31, 2022 | 11.35 |
| Sep 30, 2022 | 10.32 |
| Jun 30, 2022 | 14.05 |
| Mar 31, 2022 | 5.47 |
| Sep 30, 2021 | 26.38 |
| Jun 30, 2021 | 13.06 |
| Mar 31, 2021 | 24.93 |
API Access
Heritage Global EV to CFO API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-cfo&ticker=HGBL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-cfo", "ticker": "HGBL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-cfo&ticker=HGBL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();