Heritage FinancialHFWA -1.84%63 EV-to-FCF is 12.42 as of Jul. 02, 2026, which is 23% above its 10-year median of 10.11. GuruFocus rates HFWA with a GF Score™ of 63/100 and a GF Value™ of $27.30 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,193 Banks companies, Heritage Financial ranks worse than 70.41% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Heritage Financial's Enterprise Value is $996.4 Mil.
Heritage Financial's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $80.2 Mil. Therefore, Heritage Financial's EV-to-FCF for today is 12.42.
The historical rank and industry rank for Heritage Financial's EV-to-FCF or its related term are showing as below:
HFWA'
s EV-to-FCF Range Over the Past 10 Years
Min: -12.71 Med: 10.11 Max: 30.1
Current: 12.42
During the past 13 years, the highest EV-to-FCF of Heritage Financial was 30.10. The lowest was -12.71. And the median was 10.11.
HFWA's EV-to-FCF is ranked worse than 70.41% of 1193
companies
in the Banks industry
Industry Median: 6.65
vs HFWA: 12.42
EV-to-FCF 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-FCF 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.
Heritage Financial's PE Ratio (TTM) for today is calculated as:
Heritage Financial's share price for today is $29.65.
Heritage Financial'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 $2.040.
* 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. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Heritage Financial EV-to-FCF Related Terms
Heritage Financial EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Heritage Financial's EV-to-FCF 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 Banks - Regional subindustry, Heritage Financial's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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 EV-to-FCF vs Banks Industry
For the Banks industry and Financial Services sector, Heritage Financial's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Heritage Financial's EV-to-FCF falls into.
Heritage Financial's current Enterprise Value is $996.4 Mil.
Heritage Financial's Free Cash Flow 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 $80.2 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.
Heritage Financial (HFWA) has a EV-to-FCF of 12.42 as of Jul. 02, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Heritage Financial and its competitors. This is 23% above median its historical median of 10.11. According to the industry distribution chart, Heritage Financial ranks #840 out of 1193 companies in the Banks industry, placing it in the top 70.4%.
Is Heritage Financial's EV-to-FCF too high?
Heritage Financial's current EV-to-FCF of 12.42 is 23% above median its 10-year median of 10.11. The Banks industry median EV-to-FCF is 6.65. Heritage Financial's value of 12.42 is 86.8% above this industry median. Based on the distribution chart, Heritage Financial ranks #840 out of 1193 companies in the Banks industry, which is below the industry midpoint. Overall, Heritage Financial has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Heritage Financial's EV-to-FCF compare to OSBC and UVSP?
According to the Banks industry distribution chart, Heritage Financial ranks #840 out of 1193 companies for EV-to-FCF. This places Heritage Financial in the lower half of its industry. The industry median EV-to-FCF is 6.65. Heritage Financial's value of 12.42 is 86.8% above this benchmark. While the company's 10-year median is 10.11 vs. the industry median of 6.65, 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 EV-to-FCF for a Banks company?
The median EV-to-FCF among Banks companies is 6.65, based on 1,193 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Heritage Financial's current EV-to-FCF of 12.42 is 86.8% 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-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Heritage Financial and its competitors. For the Banks industry, the median EV-to-FCF is 6.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heritage Financial's current EV-to-FCF is 12.42, which is 23% above median its own 10-year median of 10.11. 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 $27.30, compared to a current price of $29.65 — trading 8.6% above its estimated fair value. The current EV-to-FCF is 12.42, which is 23% above median its 10-year median of 10.11 and 86.8% above the Banks industry median of 6.65. Heritage Financial's overall GF Score™ is 63/100 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-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Heritage Financial (HFWA), the current EV-to-FCF is 12.42 as of Jul. 02, 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 $29.65 is trading 8.6% above its estimated GF Value™ of $27.30.
GuruFocus considers Heritage Financial to be Fairly Valued.
Key valuation signals for HFWA:
EV-to-FCF: 12.42 (23% above median its 10-year median of 10.11)
GF Value™: $27.30 vs. price of $29.65 (8.6% above fair value)
Industry Position: 86.8% above the Banks median (#840 of 1193)
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.
63GF Score
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