WallStSmart
HMH

HMH Holding Inc. Class A Common Stock

NASDAQ: HMH · ENERGY · OIL & GAS EQUIPMENT & SERVICES

$21.00
+2.81% today

Updated 2026-06-02

Market cap
$932.64M
P/E ratio
160.54
P/S ratio
1.17x
EPS (TTM)
$0.13
Dividend yield
52W range
$16 – $25
Volume
0.4M

HMH Holding Inc. Class A Common Stock (HMH) Stock Valuation Analysis

Fair value estimate, historical valuation range, and quality signals for HMH.

WallStSmart Verdict
Overvalued

Current price exceeds what fundamentals support. Risk/reward skewed unfavorably.

Smart Value Score: 40 / 100
P/E (TTM)
160.5x
vs 5Y median of 161.7x
PEG
Margin of Safety
DCF limited for this profile
EV / EBITDA
9.3x

HMH historical valuation range

Where current P/E sits in HMH's own 5Y range.

NOW
28.5x
5Y Low
61.7x
25th
161.7x
Median
163.9x
75th
165.8x
5Y High
HMH is trading more expensive than 50% of the last 5Y.
50th percentile · Above median

HMH intrinsic value (DCF)

DCF-based fair value estimate vs current market price.

DCF has limited applicability for HMH

Standard discounted cash flow models produce unreliable output for unprofitable or near-breakeven companies. Revenue-based multiples such as P/S and EV/Sales, combined with the historical valuation position above, give a more reliable read for this stock.

Intrinsic value calculated using discounted cash flow (DCF) model based on projected free cash flows, discount rate, and terminal growth assumptions. A positive margin of safety indicates the current price is below estimated fair value, providing a cushion against estimation error.

HMH valuation signals

Quick-read green flags, caution flags, and risks based on current metrics.

!
P/E in mid-range
P/E sits at the 50th percentile of the 5Y range. Neither cheap nor rich historically.
!
DCF limited applicability
Company profile produces unstable DCF output. Lean on P/S, EV/Sales, and historical valuation position instead of intrinsic value for this stock.

P/E Ratio — History

Current: 160.54x

P/S Ratio — History

Current: 1.17x

Is HMH overvalued in 2026?

HMH Holding Inc. Class A Common Stock (HMH) currently trades at $21.00 per share with a market capitalization of $932,644,000.00. Based on our multi-factor framework, the stock appears richly valued with a Smart Value Score of 40/100. This score blends growth quality, financial health, and price attractiveness into a single institutional-grade read.

The stock trades at a P/E ratio of 160.5x, below its 5-year median of 161.7x.

Looking at its own history, HMH is currently trading more expensive than 50% of the last 5Y on P/E. This places it in the 50th percentile of its historical range, a reasonable but unremarkable position.

A standard DCF model does not produce reliable output for HMH under current conditions. For unprofitable or near-breakeven companies, revenue-based multiples such as EV/Sales and historical P/S percentile are more informative than intrinsic value calculations.

The Piotroski F-Score of 4/9 puts financial quality in a middling range, neither a standout strength nor an obvious red flag.

Bottom line: HMH appears richly valued on our framework, with a Smart Value Score of 40/100. At current levels the risk/reward is skewed against the buyer. A materially lower price or significant operational improvement would be needed to change the picture.

Frequently asked questions

Is HMH overvalued?

HMH scores 40/100 on our Smart Value Score (Grade D), a weak overall profile. A standard DCF is unreliable here given the profitability profile, so valuation leans on revenue-based measures like EV/Sales and the P/S percentile below.

What is HMH's fair value?

A standard DCF is unreliable for HMH given its current profitability profile. Revenue-based approaches like EV/Sales or the historical P/S percentile are more informative for this stock.

What P/E ratio does HMH trade at?

HMH trades at a P/E of 160.5x on trailing twelve-month earnings, against a 5-year median of 161.7x. P/E is what you pay per dollar of profit, and sitting below its own median means the stock is cheaper than usual relative to its earnings.

Is HMH a buy based on valuation?

Our Smart Value rating for HMH is Sell, from a Smart Value Score of 40/100 that blends growth, quality, and valuation. The profile skews cautious, and a better price or clearer operating improvement would strengthen the case. This is research to inform your decision, not personalized financial advice.

How does HMH's valuation compare to its history?

On P/E, HMH sits in the 50th percentile of its own 5Y range, above its long-run median relative to where it has traded. A high percentile means today's multiple is near the top of its historical band.

What is HMH's Smart Value Score?

HMH's Smart Value Score is 40/100. It is a proprietary WallStSmart metric blending growth quality, financial health, and valuation into a single 0-100 read, and scores above 75 are rare, signaling strong multi-factor alignment.