Is Heritage Global, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Heritage Global, Inc. has moved from attractive to fair. Based on the current metrics, the company appears to be fairly valued. Key valuation ratios 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, peers such as A-Mark Precious Metals, Inc. exhibit a significantly higher P/E ratio of 605.28, while B. Riley Financial, Inc. shows a risky valuation with a negative P/E ratio.
Heritage Global, Inc. has underperformed against the S&P 500, with a year-to-date return of -17.84% compared to the S&P 500's 13.30%, indicating a challenging market position. Overall, the company is currently fairly valued, reflecting its performance relative to both its peers and broader market trends.