Federated Hermes, Inc.

Federated Hermes, Inc.

51.00
EUR
+1.00
(+2.00%)
4.76EPS
10.54P/E
3.71BMarket Cap
Oct 29Next Earn

Total Valuation

EUR

As of March 31, 2026, Federated Hermes, Inc. Class B carries a market capitalization of 3.71B, placing it among publicly traded companies globally. Its enterprise value stands at 3.59B, reflecting the total theoretical takeover cost after accounting for cash holdings and debt obligations.

Market Cap3.71B
Enterprise Value3.59B

Important Dates

Federated Hermes, Inc. Class B's next confirmed earnings release is scheduled for October 29, 2026.

Earnings Date10/29/2026

Share Statistics

As of March 31, 2026, Federated Hermes, Inc. Class B has 75.53M shares outstanding.

Shares Outstanding75.53M

Valuation Ratios

As of March 31, 2026, Federated Hermes, Inc. Class B trades at a trailing price-to-earnings ratio of 10.54. The price-to-sales ratio is 2.26, and the price-to-book ratio stands at 3.56.

PE Ratio10.54
PS Ratio2.26
PB Ratio3.56
P/TBV Ratio141.49
P/FCF Ratio13.76
P/OCF Ratio13.46

Enterprise Valuation

As of March 31, 2026, Federated Hermes, Inc. Class B trades at an EV/EBITDA multiple of 7.83 - the valuation measure that neutralizes differences in capital structure, tax rates, and depreciation policy, making it the standard yardstick for comparing companies across an industry. The EV/Sales ratio of 2.24 reflects the premium investors pay for the company's revenue stream, a useful check when earnings are depressed or negative. Its EV/EBIT multiple of 8.17 values the business against core operating earnings after depreciation, a stricter test than EV/EBITDA for capital-intensive businesses. Federated Hermes, Inc. Class B trades at an EV/FCF ratio of 13.20, comparing the total takeover cost of the business to the cash it actually generates for all capital providers. These enterprise value multiples are built on an enterprise value of 3.59B versus a market cap of 3.71B, with the gap driven by net debt and cash on the balance sheet.

EV / Sales2.24
EV / EBITDA7.83
EV / EBIT8.17
EV / FCF13.20

Financial Position

As of March 31, 2026, Federated Hermes, Inc. Class B maintains a current ratio of 3.28, meaning it holds 3.3x the short-term assets needed to cover near-term liabilities. The debt-to-equity ratio is 35.67, indicating elevated leverage, while an interest coverage ratio of 41.65 demonstrates strong ability to service its debt obligations.

Current Ratio3.28
Quick Ratio3.07
Debt / Equity35.67
Debt / EBITDA0.85
Interest Coverage41.65

Financial Efficiency

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Over the twelve months ended March 31, 2026, Federated Hermes, Inc. Class B posted a return on equity (ROE) of 34.95, showing how much profit the company earns on every dollar of shareholder capital. Return on invested capital (ROIC) comes in at 22.62 - the clearest signal of whether the business earns more on its capital than that capital costs, and the core measure of a durable competitive advantage. Return on assets (ROA) stands at 19.23, measuring how efficiently the asset base is converted into earnings. Return on capital employed (ROCE) is 24.16, useful for judging operating efficiency across full business cycles. The company generates approximately 771,412.35 in revenue per employee across its workforce of 2,081.50, a quick read on workforce productivity versus industry peers.

Return on Equity (ROE)34.95
Return on Assets (ROA)19.23
Return on Invested Capital (ROIC)22.62
Return on Capital Employed (ROCE)24.16
Revenue Per Employee771,412.35
Employee Count2,081.50

Taxes

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Over the twelve months ended March 31, 2026, Federated Hermes, Inc. Class B recorded 116.87M in income tax expense. That works out to an effective tax rate of 24.96, which can sit above or below the statutory corporate tax rate depending on foreign earnings mix, tax credits, and one-off items. Taxes are levied on pretax income of 468.24M, leaving 344.78M in net income after tax - the gap is what shifts in the tax rate do to reported earnings and EPS.

Income Tax116.87M
Effective Tax Rate24.96

Stock Price Statistics

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As of the close on October 22, 2026, Federated Hermes, Inc. Class B's stock has gained approximately 15.38% over the past 52 weeks. The 50-day moving average sits at 51.86, while the 200-day moving average is 49.54.

52-Week Price Change15.38%
50-Day Moving Average51.86
200-Day Moving Average49.54

Income Statement

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Over the twelve months ended March 31, 2026, Federated Hermes, Inc. Class B generated 1.61B in revenue and converted that into 344.78M in net income, yielding earnings per share of 4.76. EBITDA reached 458.97M, while operating income came in at 451.93M.

Revenue1.61B
Gross Profit1.10B
Operating Income451.93M
Pretax Income468.24M
Net Income344.78M
EBITDA458.97M
EBIT439.85M
Earnings Per Share (EPS)4.76

Balance Sheet

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As of March 31, 2026, Federated Hermes, Inc. Class B holds 558.35M in cash and equivalents against 389.74M in total debt, resulting in a net debt position of -143.13M. Total book value stands at 1.04B, with working capital of 473.98M providing operational flexibility.

Cash & Cash Equivalents558.35M
Total Debt389.74M
Net Debt-143.13M
Equity (Book Value)1.04B
Book Value Per Share13.79
Working Capital473.98M

Cash Flow

EUR

Federated Hermes, Inc. Class B produced 269.82M in operating cash flow over the twelve months ended March 31, 2026. After subtracting -5.74M in capital expenditures, free cash flow totaled 264.08M - equivalent to 3.57 per share.

Operating Cash Flow269.82M
Capital Expenditures-5.74M
Free Cash Flow264.08M
FCF Per Share3.57

Margins

Over the twelve months ended March 31, 2026, Federated Hermes, Inc. Class B posted a gross margin of 68.29, reflecting its pricing power and cost economics. The operating margin of 28.15 and net profit margin of 21.47 provide insight into operational efficiency.

Gross Margin68.29
Operating Margin28.15
Pretax Margin29.16
Profit Margin21.47
EBITDA Margin28.58

Dividends & Yields

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Over the twelve months ended March 31, 2026, Federated Hermes, Inc. Class B paid dividends of 1.24 per share. The dividend payout ratio of 25.50 indicates the proportion of earnings distributed to shareholders, a key gauge of how sustainable the dividend is and how much room remains for future dividend growth. Free cash flow yield stands at 7.27, showing how much cash the business generates relative to its market value - dividends covered by free cash flow are generally more durable than those funded by debt. Total shareholder yield reaches 4.60, combining dividends paid with share buybacks and debt reduction for a fuller picture of capital returned to Federated Hermes, Inc. Class B shareholders.

Dividend Per Share1.24
Payout Ratio25.50
Shareholder Yield4.60
FCF Yield7.27

Stock Splits

Federated Hermes, Inc. Class B's most recent stock split took place on July 18, 2000 with a 2:3 split ratio.

Last Split Date7/18/2000
Split Ratio2:3

Scores

As of March 31, 2026, Federated Hermes, Inc. Class B has an Altman Z-Score of 9.59, well above the 3.0 threshold that indicates strong financial health and minimal bankruptcy risk.

Altman Z-Score9.59