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Federated Hermes Valuation Multiples
Discover revenue and EBITDA valuation multiples for Federated Hermes and similar public comparables like Victory Capital Holdings, Argo Investments, E-L Financial, Southwest Securities and more.
Federated Hermes Overview
About Federated Hermes
Federated Hermes provides asset management services for institutional and individual investors. The firm had $871.2 billion in managed assets at the end of September 2025, composed of equity (11%), multi-asset (less than 1%), fixed-income (12%), alternative (2%), and money market (75%) funds. The firm's cash management operations are expected to generate around 53% of Federated's revenue this year, compared with 28%, 11%, and 8%, respectively, for the equity, fixed-income, and alternatives/multi-asset/other operations. The company's products are distributed via trust banks, wealth managers, and retail broker/dealers (68% of AUM), institutional investors (25%), and international clients (7%).
Founded
1957
HQ
Employees
2.1K
Website
Sectors
Financials (LTM)
EV
$4B
Federated Hermes Financials
Federated Hermes reported last 12-month revenue of $2B and EBITDA of $567M.
In the same LTM period, Federated Hermes generated $567M in EBITDA and $397M in net income.
Revenue (LTM)
Federated Hermes P&L
In the most recent fiscal year, Federated Hermes reported revenue of $2B and EBITDA of $583M.
Federated Hermes expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Profit | — | XXX | $1B | XXX | XXX | XXX |
| Gross Margin | — | XXX | 68% | XXX | XXX | XXX |
| EBITDA | $567M | XXX | $583M | XXX | XXX | XXX |
| EBITDA Margin | 31% | XXX | 32% | XXX | XXX | XXX |
| EBIT Margin | 28% | XXX | 29% | XXX | XXX | XXX |
| Net Profit | $397M | XXX | $403M | XXX | XXX | XXX |
| Net Margin | 22% | XXX | 22% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Federated Hermes Stock Performance
Federated Hermes has current market cap of $4B, and enterprise value of $4B.
Market Cap Evolution
Federated Hermes' stock price is $56.97.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $4B | $4B | 0.0% | XXX | XXX | XXX | $5.20 |
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Start Free TrialFederated Hermes Valuation Multiples
Federated Hermes trades at 2.2x EV/Revenue multiple, and 7.1x EV/EBITDA.
EV / Revenue (LTM)
Federated Hermes Financial Valuation Multiples
As of April 10, 2026, Federated Hermes has market cap of $4B and EV of $4B.
Equity research analysts estimate Federated Hermes' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Federated Hermes has a P/E ratio of 11.1x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $4B | XXX | $4B | XXX | XXX | XXX |
| EV (current) | $4B | XXX | $4B | XXX | XXX | XXX |
| EV/Revenue | 2.2x | XXX | 2.2x | XXX | XXX | XXX |
| EV/EBITDA | 7.1x | XXX | 6.9x | XXX | XXX | XXX |
| EV/EBIT | 7.8x | XXX | 7.7x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 3.3x | XXX | XXX | XXX |
| P/E | 11.1x | XXX | 11.0x | XXX | XXX | XXX |
| EV/FCF | 10.1x | XXX | 10.0x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Federated Hermes Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Federated Hermes Margins & Growth Rates
Federated Hermes' revenue in the last 12 month grew by 8%.
Federated Hermes' revenue per employee in the last FY averaged $0.9M, while opex per employee averaged $0.6M for the same period.
Federated Hermes' rule of 40 is 37% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Federated Hermes' rule of X is 50% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Federated Hermes Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 8% | XXX | 9% | XXX | XXX | XXX |
| EBITDA Margin | 31% | XXX | 32% | XXX | XXX | XXX |
| EBITDA Growth | (1%) | XXX | (5%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 37% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 50% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.9M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.6M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 24% | XXX | 25% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 12% | XXX | XXX | XXX |
| Opex to Revenue | 72% | XXX | 71% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Federated Hermes Public Comps
See public comps and valuation multiples for other Asset Management comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Victory Capital Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| Argo Investments | XXX | XXX | XXX | XXX | XXX | XXX |
| E-L Financial | XXX | XXX | XXX | XXX | XXX | XXX |
| Southwest Securities | XXX | XXX | XXX | XXX | XXX | XXX |
| HuaAn Securities | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Federated Hermes M&A Activity
Federated Hermes acquired XXX companies to date.
Last acquisition by Federated Hermes was on XXXXXXXX, XXXXX. Federated Hermes acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Federated Hermes
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Get Verified M&A Valuation Multiples
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Start Free TrialFederated Hermes Investment Activity
Federated Hermes invested in XXX companies to date.
Federated Hermes made its latest investment on XXXXXXXX, XXXXX. Federated Hermes invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Federated Hermes
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Federated Hermes
| When was Federated Hermes founded? | Federated Hermes was founded in 1957. |
| Where is Federated Hermes headquartered? | Federated Hermes is headquartered in United States. |
| How many employees does Federated Hermes have? | As of today, Federated Hermes has over 2K employees. |
| Who is the CEO of Federated Hermes? | Federated Hermes' CEO is John B. Fisher. |
| Is Federated Hermes publicly listed? | Yes, Federated Hermes is a public company listed on NYSE. |
| What is the stock symbol of Federated Hermes? | Federated Hermes trades under FHI ticker. |
| When did Federated Hermes go public? | Federated Hermes went public in 1998. |
| Who are competitors of Federated Hermes? | Federated Hermes main competitors are Victory Capital Holdings, Argo Investments, E-L Financial, Southwest Securities. |
| What is the current market cap of Federated Hermes? | Federated Hermes' current market cap is $4B. |
| What is the current revenue of Federated Hermes? | Federated Hermes' last 12 months revenue is $2B. |
| What is the current revenue growth of Federated Hermes? | Federated Hermes revenue growth (NTM/LTM) is 8%. |
| What is the current EV/Revenue multiple of Federated Hermes? | Current revenue multiple of Federated Hermes is 2.2x. |
| Is Federated Hermes profitable? | Yes, Federated Hermes is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Federated Hermes? | Federated Hermes' last 12 months EBITDA is $567M. |
| What is Federated Hermes' EBITDA margin? | Federated Hermes' last 12 months EBITDA margin is 31%. |
| What is the current EV/EBITDA multiple of Federated Hermes? | Current EBITDA multiple of Federated Hermes is 7.1x. |
| What is the current FCF of Federated Hermes? | Federated Hermes' last 12 months FCF is $400M. |
| What is Federated Hermes' FCF margin? | Federated Hermes' last 12 months FCF margin is 22%. |
| What is the current EV/FCF multiple of Federated Hermes? | Current FCF multiple of Federated Hermes is 10.1x. |
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