What is Federated Hermes's EV / EBITDA?

Federated Hermes (FHI) reported EV / EBITDA of 8× in Q1 2026.

How has Federated Hermes's EV / EBITDA changed year-over-year?

Federated Hermes's EV / EBITDA decreased by 1.4% year-over-year, from 8.1× to 8×.

What is the long-term trend for Federated Hermes's EV / EBITDA?

Over 5 years (2020 to 2025), Federated Hermes's EV / EBITDA has grown at a 4.8% compound annual growth rate (CAGR), from 5.8× to 7.3×.

What does EV / EBITDA mean?

Enterprise value (market cap plus total debt minus cash) at the quarter end divided by trailing-twelve-month EBITDA. A capital-structure-neutral valuation multiple.

Federated Hermes FHI EV / EBITDA

EV / EBITDA at other companies

State StreetSTT

5.3×+1.8×

BlackrockBLK

16.3×-2.4×

BEN

Franklin ResourcesBEN

16.1×-2.7×

T Rowe Price GroupTROW

6.1×-0.9×

Apollo Global ManagementAPO

9.6×0.0×

Fidelity National FinancialFNF

5.1×-2.1×

Other financials

Income statement

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Revenue$479.0M+13.1%

Operating income$126.3M-4.1%

Net income$96.4M-4.7%

EPS (diluted)$1.27+1.6%

Balance sheet

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Cash & equivalents$513.9M+32.6%

Total debt$450.5M-1.9%

Total equity$1.2B+11.9%

Total assets$2.1B+7.1%

Cash flow

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Operating cash flow$28.8M+102%

CapEx$4.8M+398%

Free cash flow$24.0M+80.1%

Valuation

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Market cap$4.48B+30.1%

Enterprise value$4.42B+25.5%

P/E11.3×-0.5×

P/S2.4×+0.3×

Profitability

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Operating margin27.4%+3.6pp

Net margin21.5%+3.7pp

FCF margin16.4%-4.2pp

Returns & leverage

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Return on equity35%+8.5pp

Debt / equity0.4×-0.1×

Current ratio3.3×+0.2×

Where this comes from

Calculated from Federated Hermes’s reported figures.

enterprise value/ebitda=8×

Based on the most recent quarter.

The official record: Federated Hermes’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Federated Hermes's EV / EBITDA?: Federated Hermes (FHI) reported EV / EBITDA of 8× in Q1 2026.
How has Federated Hermes's EV / EBITDA changed year-over-year?: Federated Hermes's EV / EBITDA decreased by 1.4% year-over-year, from 8.1× to 8×.
What is the long-term trend for Federated Hermes's EV / EBITDA?: Over 5 years (2020 to 2025), Federated Hermes's EV / EBITDA has grown at a 4.8% compound annual growth rate (CAGR), from 5.8× to 7.3×.
What does EV / EBITDA mean?: Enterprise value (market cap plus total debt minus cash) at the quarter end divided by trailing-twelve-month EBITDA. A capital-structure-neutral valuation multiple.