Heritage Global Inc. (HGBL)
Financials · NCM
Price as at 30 Sept 2026, 19:09 UTC. Quotes are delayed.
Fundamentals
Valuation and ratings
Heritage Global Inc. trades at $1.31, which is 49% below the $1.95 our fair value estimate puts on the business. On that measure alone it screens as undervalued, though a valuation model is an argument rather than a measurement, and the market is frequently right about why something is cheap.
Our moat model scores it 43 out of 100, which is little in the way of a moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 13.3 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
HGBL earnings and analyst estimates
Recommendation mix, 4 published ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
About Heritage Global Inc.
Heritage Global Inc., together with its subsidiaries, operates as an asset services company with focus on financial and industrial asset transactions in the United States. It operates through three segments: Auction and Liquidation, Refurbishment and Resale, Brokerage, and Specialty Lending. The company offers a suite of market making, acquisitions, refurbishment, dispositions, valuations, and secured lending services. It is also involved in identifying, valuing, acquiring, and monetizing underlying tangible assets. In addition, the company acts as an adviser, as well as a principal, acquiring, or brokering manufacturing facilities; surplus industrial machinery and equipment; industrial inventories; and charged-off receivable portfolios. The company was formerly known as Counsel RB Capital Inc. and changed its name to Heritage Global, Inc. in August 2013. Heritage Global, Inc. was founded in 1937 and is headquartered in San Diego, California.
Company profile, industry and headcount are as reported by our data provider and can lag a company's own filings by a reporting period. The annual report is the authority.
HGBL passes 1 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Super investor ownership
2 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- Renaissance Technologies, RENAISSANCE TECHNOLOGIES LLC$302.0K · 0.0% of book
- Ken Griffin, CITADEL ADVISORS LLC$46.4K · 0.0% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
HGBL peers
The largest companies in the same industry (Capital Markets), then in the same sector.
- NMR Nomura Holdings, Inc.
- LPLA LPL Financial Holdings Inc.
- IREN IREN Limited
- EVR Evercore Inc.
- HUT Hut 8 Corp.
- SF Stifel Financial Corporation
- SOL.AX WHSP Holdings Limited
- BMNR Bitmine Immersion Technologies, Inc.
Every financials company we cover is on the Financials hub.
Common questions
Is Heritage Global Inc. (HGBL) undervalued?
Against our fair value estimate of $1.95, HGBL at $1.31 is 49% below fair value. That is one model's answer, not a recommendation. It is built from normalized earning power with growth capped deliberately low, which understates companies whose value is mostly future growth.
Which funds own HGBL?
2 of the institutions we track reported a position in HGBL in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
What is HGBL's P/E ratio?
HGBL trades at 13.3 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Where does SteadyShares get its HGBL data?
Fundamentals for HGBL come from company filings and exchange data, as listed on NCM; institutional ownership comes from SEC 13F filings. The share price shown was last refreshed on 30 Sept 2026, 19:09 UTC and is delayed. Our data quality score for this company is 96/100, which is the share of the inputs behind our scores that were actually available rather than assumed. Metrics we do not hold are left out of the page rather than estimated.
The full research page for HGBL, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.