MetaCap

Heritage Global (HGBL) vs Metalpha Technology (MATH)

Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.

Summary

Heritage Global (HGBL) has outperformed Metalpha Technology (MATH) over the past year, losing 20.5% versus a loss of 76.5%. Over five years, HGBL leads with a -33.3% price change compared with -39.9% for MATH. Metalpha Technology is the larger company by market cap ($44.5 million vs $44.3 million), about 1.0 times the size.

Summary generated from market data by MetaCap's automated system. Methodology

Relative performance

HGBL-20.50%MATH-76.52%
+4%-41%-85%
Oct 8, 20251 yearOct 8, 2026
HGBL-34.69%MATH-39.55%
+153%+36%-82%
Oct 4, 20215 yearsOct 5, 2026

Percent change in share price from the first common trading day shown; excludes dividends.

Head-to-head

HGBL versus MATH key metrics
MetricHGBLMATH
Share price$1.28$0.937
Market cap$44.34M$44.54M
1-day change-0.78%-8.14%
YTD return+3.23%-55.38%
1-year return-20.50%-76.52%
5-year return-33.33%-39.94%
P/E ratio (TTM)—46.85
Forward P/E8.26—
EPS (TTM)$-0.41$0.02
Dividend yield0.00%0.00%
Annual dividend$0.00$0.00
52-week high$1.63$3.69
52-week low$1.01$0.73
Distance from 52-week high-21.47%-74.57%
Analyst consensusnone—
Avg. price target upside+105.47%—
Average volume188.80K89.38K
Shares outstanding34.64M47.54M
Employees8431
SectorFinancial ServicesFinancial Services
IndustryCapital MarketsCapital Markets

Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.

Key differences

  • HGBL has outperformed MATH by 56.0 percentage points over the past year.

About Heritage Global

HGBL stock →

Heritage Global Inc., together with its subsidiaries, operates as an asset services company with focus on financial and industrial asset transactions in the United States. It operates through three segments: Auction and Liquidation, Refurbishment and Resale, Brokerage, and Specialty Lending.

Financial Services · Capital Markets · 84 employees

About Metalpha Technology

MATH stock →

Metalpha Technology Holding Limited, together with its subsidiaries, provides wealth management services in Hong Kong. It offers digital asset-based wealth management services; executes cryptocurrency-related transactions, including the issuance of derivative products to over-the-counter clients; proprietary trading services; crypto derivative solutions, as well as enables the trading of crypto derivative products; traditional financial derivative products; and securities advisory and asset management services.

Financial Services · Capital Markets · 31 employees

HGBL vs MATH FAQ

Which is bigger, Heritage Global or Metalpha Technology?

Metalpha Technology (MATH) is larger, with a market capitalization of $44.54M compared with $44.34M for Heritage Global (HGBL).

Which stock has performed better over the past year, HGBL or MATH?

HGBL returned -20.50% over the past 12 months, compared with -76.52% for MATH (price return, excluding dividends). Past performance does not predict future results.

Are Heritage Global and Metalpha Technology in the same industry?

Yes. Both are classified in the Capital Markets industry within the Financial Services sector.

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