PB Ratio: 3.83

Basis: FMP quote market capitalization / book value attributable to common shareholders (matching reported total stockholders equity minus preferred stock). Source: stored company filings and market data; unavailable inputs remain N/A.

Is the P/B ratio high or low?

The P/B ratio of 3.83 is 16% above its estimated 5-year average of 3.31, around the middle of its estimated 5-year range (1.76–4.78).

As of 2026-10-06T16:57:05.724Z. 2.80% above its estimated 12-month average of 3.73.

HQY PB Ratio Metrics

P/B vs. estimated history

At 3.83, P/B is near its estimated 12-year median — higher than 41% of readings in its estimated 12-year history.

Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation.

Book Value Analysis

PB Ratio Formula & Definition

PB Ratio = Market Cap / (Total Shareholders' Equity − Preferred Stock)

The price-to-book ratio compares market capitalization to book value attributable to common shareholders (total equity minus preferred stock). Lower values can indicate a cheaper valuation relative to net assets.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

PB Ratio FAQ

What is the P/B ratio for HealthEquity, Inc. (HQY)?

The P/B ratio for HQY stock is 3.83.

Is HealthEquity, Inc.'s P/B ratio high or low?

The P/B ratio of 3.83 is 16% above its estimated 5-year average of 3.31, around the middle of its estimated 5-year range (1.76–4.78).

What is the estimated TTM average P/B ratio for HealthEquity, Inc. (HQY)?

The estimated TTM average P/B ratio for HQY stock is 3.73.

What is the estimated 3Y average P/B ratio for HealthEquity, Inc. (HQY)?

The estimated 3Y average P/B ratio for HQY stock is 3.67.

What is the estimated 5Y average P/B ratio for HealthEquity, Inc. (HQY)?

The estimated 5Y average P/B ratio for HQY stock is 3.31.

What is the estimated 10Y average P/B ratio for HealthEquity, Inc. (HQY)?

The estimated 10Y average P/B ratio for HQY stock is 5.52.

Showing the most recent 260 of 3,032 data points. The chart above shows the full history.

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