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Heartland ExpressHTLD +5.37%60 EV-to-OCF is 14.94 as of Jul. 17, 2026, which is 67% above its 10-year median of 8.95. GuruFocus rates HTLD with a GF Score™ of 60/100 and a GF Value™ of $7.98 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,009 Transportation companies, Heartland Express ranks worse than 76.81% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Heartland Express's Enterprise Value is $1,294.3 Mil.
Heartland Express's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was $86.6 Mil. Therefore, Heartland Express's EV-to-OCF for today is 14.94.
The historical rank and industry rank for Heartland Express's EV-to-OCF or its related term are showing as below:
HTLD'
s EV-to-OCF Range Over the Past 10 Years
Min: 5.71 Med: 8.95 Max: 17.28
Current: 14.94
During the past 13 years, the highest EV-to-OCF of Heartland Express was 17.28. The lowest was 5.71. And the median was 8.95.
HTLD's EV-to-OCF is ranked worse than 76.81% of 1009
companies
in the Transportation industry
Industry Median: 7.91
vs HTLD: 14.94
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Heartland Express's PE Ratio (TTM) for today is calculated as:
Heartland Express's share price for today is $15.30.
Heartland Express's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.560.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Heartland Express EV-to-OCF Related Terms
Heartland Express EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Heartland Express's EV-to-OCF can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Trucking subindustry, Heartland Express's EV-to-OCF, along with its competitors' market caps and EV-to-OCF data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Heartland Express EV-to-OCF vs Transportation Industry
For the Transportation industry and Industrials sector, Heartland Express's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Heartland Express's EV-to-OCF falls into.
Heartland Express's current Enterprise Value is $1,294.3 Mil.
Heartland Express's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $86.6 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Heartland Express (HTLD) has a EV-to-OCF of 14.94 as of Jul. 17, 2026. This is 67% above median its historical median of 8.95. Over the past decade, Heartland Express' EV-to-OCF has ranged from 5.71 to 17.28. According to the industry distribution chart, Heartland Express ranks #775 out of 1009 companies in the Transportation industry, placing it in the top 76.8%.
Is Heartland Express' EV-to-OCF too high?
Heartland Express' current EV-to-OCF of 14.94 is 67% above median its 10-year median of 8.95. Over the past 10 years, this metric has ranged from a low of 5.71 to a high of 17.28. The Transportation industry median EV-to-OCF is 7.91. Heartland Express' value of 14.94 is 88.9% above this industry median. Based on the distribution chart, Heartland Express ranks #775 out of 1009 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Heartland Express has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Heartland Express' EV-to-OCF compare to CVLG and MRTN?
According to the Transportation industry distribution chart, Heartland Express ranks #775 out of 1009 companies for EV-to-OCF. This places Heartland Express in the lower half of its industry. The industry median EV-to-OCF is 7.91. Heartland Express' value of 14.94 is 88.9% above this benchmark. Historically, Heartland Express' own EV-to-OCF has ranged from 5.71 to 17.28 over the past decade. While the company's 10-year median is 8.95 vs. the industry median of 7.91, Heartland Express has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-OCF for a Transportation company?
The median EV-to-OCF among Transportation companies is 7.91, based on 1,009 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Heartland Express's current EV-to-OCF of 14.94 is 88.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Transportation industry, the median EV-to-OCF is 7.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heartland Express's current EV-to-OCF is 14.94, which is 67% above median its own 10-year median of 8.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heartland Express stock overvalued right now?
Based on GuruFocus' analysis, Heartland Express (HTLD) is currently considered Significantly Overvalued. The stock's GF Value™ is $7.98, compared to a current price of $15.30 — trading 91.7% above its estimated fair value. The current EV-to-OCF is 14.94, which is 67% above median its 10-year median of 8.95 and 88.9% above the Transportation industry median of 7.91. Heartland Express' overall GF Score™ is 60/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Heartland Express (HTLD), the current EV-to-OCF is 14.94 as of Jul. 17, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Heartland Express (HTLD) Overvalued in 2026?
Based on GuruFocus' analysis, Heartland Express stock appears to be overvalued.
The current stock price of $15.30 is trading 91.7% above its estimated GF Value™ of $7.98.
GuruFocus considers Heartland Express to be Significantly Overvalued.
Key valuation signals for HTLD:
EV-to-OCF: 14.94 (67% above median its 10-year median of 8.95)
GF Value™: $7.98 vs. price of $15.30 (91.7% above fair value)
Industry Position: 88.9% above the Transportation median (#775 of 1009)
No single metric tells the full story. See the HTLD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Heartland Express Inc, along with its subsidiaries, operates as a short, medium, and long-haul truckload carrier and transportation services provider. It mainly provides nationwide asset-based dry van truckload service for shippers across the United States, along with cross-border freight and other transportation services offered through third-party partnerships in Mexico. The group operates under the brand names of Heartland Express, Millis Transfer, Smith Transport, and CFI (for services within Mexico).
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