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Heritage FinancialHFWA -0.10%62 Equity-to-Asset is 0.13 as of Jun. 2026, which is 8% above its 10-year median of 0.12. GuruFocus rates HFWA with a GF Score™ of 62/100 and a GF Value™ of $28.09 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,522 Banks companies, Heritage Financial ranks better than 78.25% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Heritage Financial's Total Stockholders Equity for the quarter that ended in Jun. 2026 was $1,109.7 Mil. Heritage Financial's Total Assets for the quarter that ended in Jun. 2026 was $8,430.6 Mil.
Therefore, Heritage Financial's Equity to Asset Ratio for the quarter that ended in Jun. 2026 was 0.13.
The historical rank and industry rank for Heritage Financial's Equity-to-Asset or its related term are showing as below:
HFWA'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.11 Med: 0.12 Max: 0.15
Current: 0.13
During the past 13 years, the highest Equity to Asset Ratio of Heritage Financial was 0.15. The lowest was 0.11. And the median was 0.12.
HFWA's Equity-to-Asset is ranked better than 78.25% of 1522
companies
in the Banks industry
Industry Median: 0.1
vs HFWA: 0.13
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Heritage Financial Equity-to-Asset Related Terms
Heritage Financial Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Heritage Financial's Equity-to-Asset 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.
HFWA vs OSBC, UVSP, PFBC: Equity-to-Asset Comparison
For the Banks - Regional subindustry, Heritage Financial's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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.
Heritage Financial Equity-to-Asset vs Banks Industry
For the Banks industry and Financial Services sector, Heritage Financial's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Heritage Financial's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Heritage Financial's Equity to Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
Heritage Financial (HFWA) has a Equity-to-Asset of 0.13 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Heritage Financial and its competitors. This is near median its historical median of 0.12. Over the past decade, Heritage Financial's Equity-to-Asset has ranged from 0.11 to 0.15. According to the industry distribution chart, Heritage Financial ranks #331 out of 1522 companies in the Banks industry, placing it in the top 21.7%.
Is Heritage Financial's Equity-to-Asset too high?
Heritage Financial's current Equity-to-Asset of 0.13 is near median its 10-year median of 0.12. Over the past 10 years, this metric has ranged from a low of 0.11 to a high of 0.15. The Banks industry median Equity-to-Asset is 0.10. Heritage Financial's value of 0.13 is 30% above this industry median. Based on the distribution chart, Heritage Financial ranks #331 out of 1522 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, Heritage Financial has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Heritage Financial's Equity-to-Asset compare to OSBC and UVSP?
According to the Banks industry distribution chart, Heritage Financial ranks #331 out of 1522 companies for Equity-to-Asset. This places Heritage Financial in the top 22% of its industry — outperforming the majority of peers. The industry median Equity-to-Asset is 0.10. Heritage Financial's value of 0.13 is 30% above this benchmark. Historically, Heritage Financial's own Equity-to-Asset has ranged from 0.11 to 0.15 over the past decade. While the company's 10-year median is 0.12 vs. the industry median of 0.10, Heritage Financial 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 Equity-to-Asset for a Banks company?
The median Equity-to-Asset among Banks companies is 0.10, based on 1,522 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Heritage Financial's current Equity-to-Asset of 0.13 is 30% 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Heritage Financial and its competitors. For the Banks industry, the median Equity-to-Asset is 0.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heritage Financial's current Equity-to-Asset is 0.13, which is near median its own 10-year median of 0.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heritage Financial stock overvalued right now?
Based on GuruFocus' analysis, Heritage Financial (HFWA) is currently considered Fairly Valued. The stock's GF Value™ is $28.09, compared to a current price of $28.73 — trading 2.3% above its estimated fair value. The current Equity-to-Asset is 0.13, which is near median its 10-year median of 0.12 and 30% above the Banks industry median of 0.10. Heritage Financial's overall GF Score™ is 62/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Heritage Financial (HFWA), the current Equity-to-Asset is 0.13 as of Jun. 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 Heritage Financial (HFWA) Overvalued in 2026?
Based on GuruFocus' analysis, Heritage Financial stock appears to be overvalued.
The current stock price of $28.73 is trading 2.3% above its estimated GF Value™ of $28.09.
GuruFocus considers Heritage Financial to be Fairly Valued.
Key valuation signals for HFWA:
Equity-to-Asset: 0.13 (near median its 10-year median of 0.12)
GF Value™: $28.09 vs. price of $28.73 (2.3% above fair value)
Industry Position: 30% above the Banks median (#331 of 1522)
No single metric tells the full story. See the HFWA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Heritage Financial Corp is a bank holding company. The company, through its subsidiary, provides commercial lending and deposit relationships with small businesses and their owners in its market areas and attracts deposits from the general public. It accepts various deposit products, such as non-interest demand accounts, money market accounts, savings accounts, and certificates of deposit. Besides, the Bank also makes real estate construction loans, land development loans, and consumer loans, and originates first mortgage loans on residential properties mainly located in its market area. Geographically, all the business activity functions through the region of the United States.
62GF Score
Get the complete analysis for HFWA
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