Valuation dashboard for Federated Hermes, Inc. (FHI) with P/E 11.10, P/B 3.42, EV/EBITDA 7.5 and dividend yield 2.32%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Financial Services companies.
Federated Hermes, Inc. (FHI) is a publicly listed holding company primarily engaged in asset management. Through its extensive network of subsidiaries, the firm delivers specialized financial services to a wide array of clients.
What would it be worth at its usual multiples?
Versus its usual multiples: fairly priced · Current P/E 11.1× · Multiples range: $64.76 · $72.30.
At the decade median (11.6×) $65 (+4 %); at its sector median (12.9×) $72 (+16 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
Analysis Summary
Federated Hermes, Inc. reported revenue of $1.80B in the most recent fiscal year, growing at a 5-year CAGR of 4.5%. Net income reached $403.3M, with a 4.3% 5-year CAGR.
Trailing-twelve-month margins: gross margin 74.0%, operating margin 27.8%, net margin 21.2%.
At $62.16 (closing price, November 3, 2026), FHI trades at a P/E of 11.10 and an ROE of 33.97%. Market capitalisation stands at $4.6B.
Balance sheet quality for FHI: debt-to-equity ratio of 0.38, current ratio of 2.48 over the last 12 months. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.
Valuation Ratios
| P/E Ratio | 11.10 |
| Price / Book | 3.42 |
| EV / EBITDA | 7.5 |
| Dividend Yield | 2.32% |
Peer Comparison
| Symbol | Company | Market Cap | P/E | P/B | ROE |
|---|---|---|---|---|---|
| FHI | Federated Hermes, Inc. | $4.6B | 11.10 | 3.42 | 34.0% |
| VCTR | Victory Capital Holdings, Inc. | $7.1B | 21.28 | 3.03 | 19.3% |
| GBDC | Golub Capital BDC, Inc. | $3.3B | 23.16 | 0.88 | 3.8% |
| AB | AllianceBernstein Holding L.P. | $3.2B | 10.37 | 2.69 | 25.2% |
| UCB | United Community Banks, Inc. | $4.4B | 31.13 | 1.27 | 4.0% |
| AGO | Assured Guaranty Ltd. | $3.1B | 9.77 | 0.57 | 6.3% |
| CNS | Cohen & Steers, Inc. | $3.8B | 22.42 | 6.20 | 29.1% |
| FSK | FS KKR Capital Corp. | $3.1B | 0.59 | -6.7% |
Price
| Price | $62.16 (closing price, November 3, 2026) |
| Market Cap | $4.6B |
| Exchange | NYSE |
| Country | US |
Profitability
| Return on Equity | 33.97% |
| Return on Invested Capital | 18.69% |
| Return on Assets | 17.02% |
| Gross Margin | 74.04% |
| Operating Margin | 27.79% |
| Net Margin | 21.23% |
Related companies: VCTR · GBDC · AB · UCB · AGO · CNS · FSK · HTGC
Explore sector: Financial Services · Asset Management
More sections of FHI: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events
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