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Friday 6 November 2026 Export HQY’s income statement to Excel — free account

HealthEquity, Inc.

HQY Healthcare Health Information Services

HealthEquity, Inc.’s revenue for fiscal 2026 (year ended January 2026) was $1.3 billion, up 9.47% from fiscal 2025.

Revenue
+7.64%
EPS
+14.5%
Free cash flow
−3.44%
Total debt
−7.53%

Quarter to July 2026, against a year earlier

103.64 0.18 +0.17%
Market cap
$8.6B
P/E
37.1×
Fwd P/E
34.8×
Dividend yield
—
F-score
9/9
Altman Z
4.39
Beneish M
−2.77
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

HealthEquity, Inc. (HQY) P/B ratio

Alert me on P/B ratio

As of 6 November 2026, HealthEquity, Inc. (HQY) trades at a P/B ratio of 4.3×. Over the past ten years it has ranged from 1.8× (December 2021) to 13.9× (September 2018); the current reading is higher than 57% of that period. That is above the Health Information Services industry median of 1.9× and above the Healthcare sector median of 2.3×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2026 3.6× (21.53%)
FY2025 4.5× 42.72%
FY2024 3.2× 17.24%
FY2023 2.7× 13.03%
FY2022 2.4× (46.88%)
FY2021 4.5× 5.06%
FY2020 4.3× (46.81%)
FY2019 8.1× (8.34%)
FY2018 8.8× (14.82%)
FY2017 10.3× 74.54%

Quarterly newest first

Period P/B ratio Change
Jul 2026 4.2× 24.63%
Apr 2026 3.4× (4.97%)
Jan 2026 3.6× (6.62%)
Oct 2025 3.8× (2.56%)
43 more quarters

Against its own ten years

Low 1.8× High 13.9×
Ten-year median 4.0×
Current reading's percentile 61

P/B ratio against peers

Company P/B ratio
WAY Waystar Holding Corp. compare 1.4×
PRVA Privia Health Group, Inc. compare 3.5×
HQY HealthEquity, Inc. 4.3×
BTSG BrightSpring Health Services, Inc. compare 6.3×
DOCS Doximity, Inc. compare 6.4×
SDGR Schrodinger, Inc. compare 7.2×
HTFL Heartflow, Inc. compare 16.1×
TEM Tempus AI, Inc. compare 25.5×
HNGE Hinge Health Inc. compare 26.6×
Health Information Services industry median 1.9×
Healthcare sector median 2.3×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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