Heritage Global price to free cash flow HGBL

Market value divided by free cash flow over the last twelve months, since 2014.

Today, Oct 23, 2026: n/m; not a meaningful number
Last meaningful: 65.8×; Aug 2025
8-year median: 11.2×
8-year range: 2.1× to 87.7×
Peer median: 9.4×

Heritage Global's price to free cash flow is not a meaningful number today: free cash flow over the last twelve months was zero, negative or not reported.

It was last meaningful in Aug 2025, at 65.8×.

On the days it had one over the last 8 years, its median was 11.2×, from 2.1× in Mar 2019 to 87.7× in Jan 2022.

Price to free cash flow over time

median 11.2×

The dashed line is the 8-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2025	65.8×	5.1×	68.9×
2024	4.7×	4.3×	17.2×
2023	6.4×	6.1×	26.5×
2022	21.9×	9.0×	87.7×
2021	86.4×	11.3×	86.4×
2020	37.4×	6.5×	45.9×
2019	6.5×	2.1×	7.2×
2018	3.8×	3.4×	5.1×
2017	n/m a value too high to mean anything
2016	n/m a value too high to mean anything
2015	73.5×	43.7×	78.7×
2014	52.5×	4.9×	56.0×

Against its peers

Companies in Financial - Credit Services nearest Heritage Global's size, closest first, today.

Company	Price to free cash flow
HGBLHeritage Global	n/m
RSSSResearch Solutions	12.6×
ATCHAtlasClear	n/m
VIPVulcan Infrastructure & Power	n/m
BCGBinah Capital	3.2×
MACIMelar Acquisition Corp. I/Cayman	n/m
OPRXOptimizeRx	9.4×
DHXDHI	10.0×
CPSSConsumer Portfolio Services	0.6×
SNFCASecurity National Financial	3.2×
IMXIInternational Money Express	31.8×
Peer median	9.4×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on Heritage Global

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.