This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
Median PS Value is calculated as trailing twelve months (TTM) Revenue per Share times 10-Year median PS Ratio. Heritage Financial's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was $6.923. Heritage Financial's 10-Year median PS Ratio is 3.7152. Therefore, the Median PS Value for today is $25.72.
As of today (2024-04-23), Heritage Financial's share price is $18.64. Heritage Financial's Median PS Value is $25.72. Therefore, Heritage Financial's Price to Median PS Value for today is 0.72.
The historical rank and industry rank for Heritage Financial's Median PS Value or its related term are showing as below:
HFWA'
s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.7 Med: 1.17 Max: 1.74
Current: 0.72
During the past 13 years, the highest Price to Median PS Value of Heritage Financial was 1.74. The lowest was 0.70. And the median was 1.17.
HFWA's Price-to-Median-PS-Value is ranked better than 72.93% of 953
companies
in the Banks industry
Industry Median: 0.85
vs HFWA: 0.72
Heritage Financial Median PS Value Historical Data
The historical data trend for Heritage Financial's Median PS Value 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 Price-to-Median-PS-Value, along with its competitors' market caps and Price-to-Median-PS-Value 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 Price-to-Median-PS-Value Distribution
For the Banks industry and Financial Services sector, Heritage Financial's Price-to-Median-PS-Value distribution charts can be found below:
* The bar in red indicates where Heritage Financial's Price-to-Median-PS-Value falls into.
Heritage Financial Median PS Value Calculation
Heritage Financial's Median PS Value for today is calculated as
10-Year Median PS Ratio is 3.7152.
Heritage Financial's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $6.923.
* 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 (NAS:HFWA) Median PS Value Explanation
This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio
is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
It also assumes that over time the profit margin is constant. If a company increases its profit margin to a sustainable level, this value might under-estimate its value. If it has permanent declined profit margins, this may over-estimate the company's value.
Heritage Financial's Price to Median PS Value for today is calculated as
Price to Median PS Value
=
Share Price
/
Median PS Value
=
18.64
/
25.72
=
0.72
* 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 Median PS Value Related Terms
Thank you for viewing the detailed overview of Heritage Financial's Median PS Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Heritage Financial (Heritage Financial) Business Description
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 noninterest 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 primarily located in its market area. Geographically, all the business activity functions through the region of the United States.
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