Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Heritage Insurance HoldingsHRTG -0.85%65 Equity-to-Asset is 0.23 as of Jun. 2026, which is 15% above its 10-year median of 0.20. GuruFocus rates HRTG with a GF Score™ of 65/100 and a GF Value™ of $26.73 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 504 Insurance companies, Heritage Insurance Holdings ranks worse than 56.55% on this metric.
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 Insurance Holdings Equity-to-Asset Related Terms
Heritage Insurance Holdings Equity-to-Asset Historical Data
* 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.
HRTG vs ROOT, HIPO, DGICA: Equity-to-Asset Comparison
For the Insurance - Property & Casualty subindustry, Heritage Insurance Holdings'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 Insurance Holdings Equity-to-Asset vs Insurance Industry
For the Insurance industry and Financial Services sector, Heritage Insurance Holdings's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Heritage Insurance Holdings'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 Insurance Holdings'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 Insurance Holdings (HRTG) has a Equity-to-Asset of 0.23 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 Insurance Holdings and its competitors. This is 15% above median its historical median of 0.20. Over the past decade, Heritage Insurance Holdings' Equity-to-Asset has ranged from 0.05 to 0.38. According to the industry distribution chart, Heritage Insurance Holdings ranks #285 out of 504 companies in the Insurance industry, placing it in the top 56.5%.
Is Heritage Insurance Holdings' Equity-to-Asset too high?
Heritage Insurance Holdings' current Equity-to-Asset of 0.23 is 15% above median its 10-year median of 0.20. Over the past 10 years, this metric has ranged from a low of 0.05 to a high of 0.38. The Insurance industry median Equity-to-Asset is 0.26. Heritage Insurance Holdings' value of 0.23 is 11.5% below this industry median. Based on the distribution chart, Heritage Insurance Holdings ranks #285 out of 504 companies in the Insurance industry, which is below the industry midpoint. Overall, Heritage Insurance Holdings has a GF Score™ of 65/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Heritage Insurance Holdings' Equity-to-Asset compare to ROOT and HIPO?
According to the Insurance industry distribution chart, Heritage Insurance Holdings ranks #285 out of 504 companies for Equity-to-Asset. This places Heritage Insurance Holdings in the lower half of its industry. The industry median Equity-to-Asset is 0.26. Heritage Insurance Holdings' value of 0.23 is 11.5% below this benchmark. Historically, Heritage Insurance Holdings' own Equity-to-Asset has ranged from 0.05 to 0.38 over the past decade. While the company's 10-year median is 0.20 vs. the industry median of 0.26, Heritage Insurance Holdings has consistently been below 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 an Insurance company?
The median Equity-to-Asset among Insurance companies is 0.26, based on 504 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 Insurance Holdings's current Equity-to-Asset of 0.23 is 11.5% below 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 Insurance Holdings and its competitors. For the Insurance industry, the median Equity-to-Asset is 0.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heritage Insurance Holdings's current Equity-to-Asset is 0.23, which is 15% above median its own 10-year median of 0.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heritage Insurance Holdings stock overvalued right now?
Based on GuruFocus' analysis, Heritage Insurance Holdings (HRTG) is currently considered Modestly Overvalued. The stock's GF Value™ is $26.73, compared to a current price of $33.86 — trading 26.7% above its estimated fair value. The current Equity-to-Asset is 0.23, which is 15% above median its 10-year median of 0.20 and 11.5% below the Insurance industry median of 0.26. Heritage Insurance Holdings' overall GF Score™ is 65/100 with 6 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 Insurance Holdings (HRTG), the current Equity-to-Asset is 0.23 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 Insurance Holdings (HRTG) Overvalued in 2026?
Based on GuruFocus' analysis, Heritage Insurance Holdings stock appears to be overvalued.
The current stock price of $33.86 is trading 26.7% above its estimated GF Value™ of $26.73.
GuruFocus considers Heritage Insurance Holdings to be Modestly Overvalued.
Key valuation signals for HRTG:
Equity-to-Asset: 0.23 (15% above median its 10-year median of 0.20)
GF Value™: $26.73 vs. price of $33.86 (26.7% above fair value)
Industry Position: 11.5% below the Insurance median (#285 of 504)
No single metric tells the full story. See the HRTG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Heritage Insurance Holdings Inc is a regional property and casualty insurance company that offers a variety of personal and commercial insurance products. Through its subsidiaries, Heritage Property & Casualty Insurance, Narragansett Bay Insurance, and Zephyr Insurance, the company issues personal residential property insurance across various states in the U.S. It also offers commercial residential insurance predominantly for its Florida properties. Heritage Insurance manages insurance underwriting, customer services, actuarial analysis, distribution, and claims processing internally. The company operates in Alabama, California, Connecticut, Delaware, Florida, Georgia, Hawaii, Maryland, Massachusetts, Mississippi, New Jersey, New York, North Carolina, Rhode Island, and South Carolina.
65GF Score
Get the complete analysis for HRTG
Equity-to-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HRTG has been successfully added to your 
