The historical rank and industry rank for Heritage Insurance Holdings's PB Ratio or its related term are showing as below:
HRTG'
s PB Ratio Range Over the Past 10 Years
Min: 0.28 Med: 0.97 Max: 2.45
Current: 1.59
During the past 13 years, Heritage Insurance Holdings's highest PB Ratio was 2.45. The lowest was 0.28. And the median was 0.97.
HRTG's PB Ratio is ranked worse than 56.31% of 499
companies
in the Insurance industry
Industry Median: 1.43
vs HRTG: 1.59
During the past 12 months, Heritage Insurance Holdings's average Book Value Per Share Growth Rate was 61.60% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 47.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -1.20% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -3.40% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Heritage Insurance Holdings was 129.20% per year. The lowest was -31.10% per year. And the median was 7.20% per year.
Back to Basics: PB Ratio
Heritage Insurance Holdings (NYSE:HRTG) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Heritage Insurance Holdings PB Ratio Related Terms
Heritage Insurance Holdings PB Ratio 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.
For the Insurance - Property & Casualty subindustry, Heritage Insurance Holdings's PB Ratio, along with its competitors' market caps and PB Ratio 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 PB Ratio vs Insurance Industry
For the Insurance industry and Financial Services sector, Heritage Insurance Holdings's PB Ratio distribution charts can be found below:
* The bar in red indicates where Heritage Insurance Holdings's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Heritage Insurance Holdings (HRTG) has a PB Ratio of 1.59 as of Jul. 07, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Heritage Insurance Holdings and its competitors. This is 64% above median its historical median of 0.97. Over the past decade, Heritage Insurance Holdings' PB Ratio has ranged from 0.28 to 2.45. According to the industry distribution chart, Heritage Insurance Holdings ranks #281 out of 499 companies in the Insurance industry, placing it in the top 56.3%.
Is Heritage Insurance Holdings' PB Ratio too high?
Heritage Insurance Holdings' current PB Ratio of 1.59 is 64% above median its 10-year median of 0.97. Over the past 10 years, this metric has ranged from a low of 0.28 to a high of 2.45. The Insurance industry median PB Ratio is 1.43. Heritage Insurance Holdings' value of 1.59 is 11.2% above this industry median. Based on the distribution chart, Heritage Insurance Holdings ranks #281 out of 499 companies in the Insurance industry, which is below the industry midpoint. Overall, Heritage Insurance Holdings has a GF Score™ of 58/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Heritage Insurance Holdings' PB Ratio compare to DGICA and HIPO?
According to the Insurance industry distribution chart, Heritage Insurance Holdings ranks #281 out of 499 companies for PB Ratio. This places Heritage Insurance Holdings in the lower half of its industry. The industry median PB Ratio is 1.43. Heritage Insurance Holdings' value of 1.59 is 11.2% above this benchmark. Historically, Heritage Insurance Holdings' own PB Ratio has ranged from 0.28 to 2.45 over the past decade. While the company's 10-year median is 0.97 vs. the industry median of 1.43, Heritage Insurance Holdings 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 PB Ratio for an Insurance company?
The median PB Ratio among Insurance companies is 1.43, based on 499 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Heritage Insurance Holdings's current PB Ratio of 1.59 is 11.2% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Heritage Insurance Holdings and its competitors. For the Insurance industry, the median PB Ratio is 1.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heritage Insurance Holdings's current PB Ratio is 1.59, which is 64% above median its own 10-year median of 0.97. 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 Fairly Valued. The stock's GF Value™ is $24.91, compared to a current price of $27.20 — trading 9.2% above its estimated fair value. The current PB Ratio is 1.59, which is 64% above median its 10-year median of 0.97 and 11.2% above the Insurance industry median of 1.43. Heritage Insurance Holdings' overall GF Score™ is 58/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Heritage Insurance Holdings (HRTG), the current PB Ratio is 1.59 as of Jul. 07, 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 $27.20 is trading 9.2% above its estimated GF Value™ of $24.91.
GuruFocus considers Heritage Insurance Holdings to be Fairly Valued.
Key valuation signals for HRTG:
PB Ratio: 1.59 (64% above median its 10-year median of 0.97)
GF Value™: $24.91 vs. price of $27.20 (9.2% above fair value)
Industry Position: 11.2% above the Insurance median (#281 of 499)
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.
58GF Score
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