Is Heritage Global, Inc. overvalued or undervalued?

As of 12 September 2025, the valuation grade for Heritage Global, Inc. has moved from fair to expensive, indicating that the company is overvalued. Key ratios supporting this assessment include a P/E ratio of 16, an EV to EBITDA of 8.71, and a Price to Book Value of 1.10. In comparison, its peer A-Mark Precious Metals, Inc. has a significantly higher P/E ratio of 605.28, while B. Riley Financial, Inc. is categorized as risky with a negative P/E ratio.
The company's recent performance shows a stark contrast to the S&P 500, with a year-to-date return of -3.24% compared to the index's 12.22%, and a 5-year return of -28.69% versus the S&P 500's 96.61%. This underperformance further reinforces the conclusion that Heritage Global, Inc. is currently overvalued.