Start with its own history
At 11.86×, FHI is 0.2% below its 10-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NYSE · FHIAsset ManagementUpdated Nov 5, 2026
Federated Hermes, Inc. P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
11.86×
0.2% belowthe 10-year annual average
Share price65.73
÷Earnings per share5.54
Price and EPS in quote currency. Calculation details
Investors are paying 11.86 for every 1 of reported earnings per share.
P/E over time
2016 – 2025
Annual P/ESelected-period average 11.89×
3-year average10.79×3 positive annual observations
5-year average11.93×5 positive annual observations
10-year average11.89×10 positive annual observations
Peer median · TTM10.44×7 peers with positive P/E
Historical P/E ratios
Annual period-end data · 25 observations
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2025 | 9.70× | -23.8% |
| Dec 31, 2024 | 12.73× | +27.8% |
| Dec 31, 2023 | 9.96× | -27.3% |
| Dec 31, 2022 | 13.70× | +1.0% |
| Dec 31, 2021 | 13.57× | +52.6% |
| Dec 31, 2020 | 8.89× | -26.6% |
| Dec 31, 2019 | 12.12× | +3.6% |
| Dec 31, 2018 | 11.70× | -7.0% |
View all 25 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2017 | 12.57× | -9.8% |
| Dec 31, 2016 | 13.93× | -21.2% |
| Dec 31, 2015 | 17.69× | -23.7% |
| Dec 31, 2014 | 23.19× | +24.8% |
| Dec 31, 2013 | 18.58× | +64.4% |
| Dec 31, 2012 | 11.30× | +8.2% |
| Dec 31, 2011 | 10.45× | -30.9% |
| Dec 31, 2010 | 15.13× | +6.2% |
| Dec 31, 2009 | 14.25× | +89.0% |
| Dec 31, 2008 | 7.54× | -61.2% |
| Dec 31, 2007 | 19.42× | +9.2% |
| Dec 31, 2006 | 17.78× | -27.5% |
| Dec 31, 2005 | 24.53× | +35.6% |
| Dec 31, 2004 | 18.10× | +9.7% |
| Dec 31, 2003 | 16.49× | +17.7% |
| Dec 31, 2002 | 14.02× | -35.8% |
| Dec 31, 2001 | 21.84× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How FHI compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 FHI This stockFederated Hermes, Inc. | 11.86× |
 GBDCGolub Capital BDC, Inc. | 23.78× |
 ABAllianceBernstein Holding L.P. | 10.44× |
 CNSCohen & Steers, Inc. | 23.08× |
 APAMArtisan Partners Asset Management Inc. | 9.30× |
 HTGCHercules Capital, Inc. | 8.62× |
 VCTRVictory Capital Holdings, Inc. | 21.89× |
 FSKFS KKR Capital Corp. | N/M |
 AGOAssured Guaranty Ltd. | 9.87× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does FHI’s P/E tell you?
Compare like with like
The median of the 7 positive peer ratios above is 10.44×. Check growth, margins, debt, and earnings quality before interpreting the gap. A faster-growing business may justify a higher multiple.
Check what drives earnings
One-off gains can temporarily lower P/E; unusual charges can raise it. Reported earnings and forward estimates answer different questions. Pair this view with return on equity and liquidity for a fuller picture.
Keep your research connected
Take FHI into your spreadsheet
Pull historical P/E into Excel or Google Sheets with Wisesheets. Build your own comparisons alongside the rest of your financial model.
Explore WisesheetsQuarterly P/E · latest quarterLQ selects the latest reported quarter. Requires the Wisesheets add-in. See available data
=WISE("FHI", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 65.73 ÷ EPS 5.54 = 11.86×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Nov 5, 2026; this is not a real-time trading quote.
History & averages
Annual and quarterly P/E observations are provided separately from the current quote. Averages use the latest 3, 5, or 10 annual observations, excluding missing and nonpositive ratios. Pre-IPO observations are omitted. These are period-end observations, not daily averages.
Data definitions and limitations
The current quote feed does not specify the exact EPS filing-period end or whether EPS is basic or diluted. We do not label it as forward P/E. Peer ratios are explicitly trailing-12-month (TTM) values. Historical observations do not include independently verified price and EPS inputs. Sources may update on different schedules; rounded inputs can produce small calculation differences. Historical comparisons describe past pricing, not an estimate of fair value.
FHI P/E ratio: common questions
The essentials behind the numbers.
Federated Hermes, Inc.'s current P/E is 11.86× based on the quote data last updated Nov 5, 2026. It represents the share price divided by reported earnings per share. Prices and earnings may refresh on different schedules.
Annual P/E uses earnings for a completed fiscal year. Trailing-12-month (TTM) P/E uses the latest four quarters, while forward P/E uses forecast earnings. These are not interchangeable. This page labels peer ratios as TTM and shows dated annual or quarterly historical observations; it does not show forward estimates.
N/M means not meaningful: the feed has no positive P/E for that observation. Negative or zero earnings should not be ranked as a low positive valuation multiple. N/M observations are excluded from the averages shown above.
Divide the share price by earnings per share (EPS). For example, a share price of 100 and EPS of 5 gives a P/E of 20×. This page uses the price and EPS supplied together in the quote when both are positive.
Price timestamps, EPS definitions, share classes, adjustments, and fiscal periods can differ. A forward P/E also uses forecast earnings rather than reported earnings. Compare the inputs and as-of dates before comparing two displayed ratios.
Not necessarily. The average describes previous market pricing, not fair value. Changes in earnings quality, growth expectations, debt, accounting, and business risk can justify a different multiple today.