Heritage Global (HGBL) EV to EBITDA (2011 - 2026)
Heritage Global's (HGBL) EV to EBITDA stood at 6.10 in Q1 2026, down 11.6% from 6.91 a year earlier but up 67.3% from the prior quarter.
Powered by 
Analysis
Heritage Global (HGBL) EV to EBITDA (2011 - 2026) Analysis & Trends
On a TTM basis, Heritage Global's EV to EBITDA came in at -4.13 as of Mar 31, 2026; for FY2025, it was 3.65, down 20.5% from FY2024.
- Annual EV to EBITDA has declined for four straight years.
- Across earlier years, EV to EBITDA came in at 4.59 in FY2024 (-24.3%), 6.06 in FY2023 (-3.9%), 6.31 in FY2022 (-60.0%) and 15.77 in FY2021 (+43.7%).
- Quarterly EV to EBITDA has ranged from 2.77 in Q3 2024 to 15.77 in Q4 2021 over the past five years.
- On a year-over-year basis, EV to EBITDA rose in three of the last eight quarters, with growth averaging 2.5%.
- Peak year-over-year performance for EV to EBITDA in the last five years was growth of 99.3% in Q3 2025, against a decline of 62.7% in Q3 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 3.65 (Q4 2025), 5.52 (Q3 2025) and 8.02 (Q2 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | United Rentals | 65.40 Bn | 64.16 Bn | 1.73 Bn |
| 2 | W.W. Grainger | 63.07 Bn | 60.67 Bn | 1.98 Bn |
| 3 | Fastenal | 59.20 Bn | 58.13 Bn | 1.06 Bn |
| 4 | Ferguson Enterprises | 44.13 Bn | 41.34 Bn | 2.32 Bn |
| 5 | Sunbelt Rentals Holdings | 31.58 Bn | 31.46 Bn | 1.25 Bn |
| 6 | Reliance | 21.32 Bn | 20.36 Bn | 1.30 Bn |
| 7 | Wesco International | 16.71 Bn | 14.03 Bn | 1.46 Bn |
| 8 | Applied Industrial Technologies | 12.36 Bn | 12.23 Bn | 411.22 Mn |
| 9 | Watsco | 11.52 Bn | 9.20 Bn | 578.93 Mn |
| 10 | Heritage Global | 44.32 Mn | -20.38 Mn | 8.34 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 5.45 |
| Dec 31, 2025 | 3.28 |
| Sep 30, 2025 | 5.02 |
| Jun 30, 2025 | 7.33 |
| Mar 31, 2025 | 6.41 |
| Dec 31, 2024 | 4.30 |
| Sep 30, 2024 | 2.56 |
| Jun 30, 2024 | 4.45 |
| Mar 31, 2024 | 5.74 |
| Dec 31, 2023 | 5.81 |
| Sep 30, 2023 | 7.29 |
| Jun 30, 2023 | 8.27 |
| Mar 31, 2023 | 6.04 |
| Dec 31, 2022 | 6.16 |
| Sep 30, 2022 | 4.14 |
| Jun 30, 2022 | 5.46 |
| Mar 31, 2022 | 9.85 |
| Dec 31, 2021 | 15.15 |
| Sep 30, 2021 | 10.88 |
| Jun 30, 2021 | 11.53 |
API Access
Heritage Global EV to EBITDA 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-ebitda&ticker=HGBL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebitda", "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-ebitda&ticker=HGBL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();