Heritage Global Inc. (HGBL) vs Metalpha Technology Holding Limited (MATH)
A side-by-side comparison of Heritage Global Inc. and Metalpha Technology Holding Limited across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 6, 2026. Differences are shown without an overall score or investment verdict.
HGBL
Heritage Global Inc.
$1.30Financial ServicesDelayed quote: Oct 6, 2026, 10:23 AM EDT
MATH
Metalpha Technology Holding Limited
$1.09Financial ServicesDelayed quote: Oct 6, 2026, 10:22 AM EDT
Total return — HGBL vs MATH
growth of $100 · dividends reinvested · last 9yHGBL +150.0% (+10.7%/yr)MATH -92.0% (-24.5%/yr)HGBL compounded faster over this window
Log scale — wide-divergence pair
HGBL MATH
HGBL vs MATH: by the numbers
- •MATH is the larger company ($47M vs $45M market cap).
- •Both run net losses; MATH's is the smaller (0.00% vs -29.63% net margin).
Metrics side by side
Valuation
| Metric | HGBL | MATH |
|---|---|---|
| P/S ratio | 0.94 | N/A |
| P/B ratio | 0.87 | 0.89 |
| EV / EBITDA | 27.59 | N/A |
Profitability
| Metric | HGBL | MATH |
|---|---|---|
| Gross margin | 27.08% | 0.00% |
| Operating margin | 10.96% | 0.00% |
| Net margin | -29.63% | 0.00% |
| ROE | -27.52% | 2.42% |
| ROIC | 0.30% | N/A |
Growth (annualized)
| Metric | HGBL | MATH |
|---|---|---|
| Revenue CAGR (5Y) | 11.40% | N/A |
| EPS CAGR (5Y) | -20.76% | N/A |
| Total return CAGR (5Y) | -8.07% | -6.06% |
Frequently asked
- How have HGBL and MATH total returns compared?
- Over the past 5 years, HGBL delivered -8.07% and MATH delivered -6.06% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 6, 2026.