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. As of today (2024-04-29), HealthEquity's share price is $80.26. HealthEquity's Book Value per Share for the quarter that ended in Jan. 2024 was $23.63. Hence, HealthEquity's PB Ratio of today is 3.40.
The historical rank and industry rank for HealthEquity's PB Ratio or its related term are showing as below:
HQY'
s PB Ratio Range Over the Past 10 Years
Min: 1.81 Med: 6.31 Max: 398.85
Current: 3.4
During the past 12 years, HealthEquity's highest PB Ratio was 398.85. The lowest was 1.81. And the median was 6.31.
HQY's PB Ratio is ranked worse than 67.73% of 595
companies
in the Healthcare Providers & Services industry
Industry Median: 2.19
vs HQY: 3.40
During the past 12 months, HealthEquity's average Book Value Per Share Growth Rate was 5.60% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 9.80% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 22.70% per year.
During the past 12 years, the highest 3-Year average Book Value Per Share Growth Rate of HealthEquity was 48.80% per year. The lowest was 9.80% per year. And the median was 29.40% per year.
Back to Basics: PB Ratio
HealthEquity PB Ratio Historical Data
The historical data trend for HealthEquity's PB Ratio 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 Health Information Services subindustry, HealthEquity'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.
HealthEquity's PB Ratio Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, HealthEquity's PB Ratio distribution charts can be found below:
* The bar in red indicates where HealthEquity's PB Ratio falls into.
HealthEquity PB Ratio Calculation
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.
HealthEquity's PB Ratio for today is calculated as follows:
* 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.
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.
HealthEquity PB Ratio Related Terms
Thank you for viewing the detailed overview of HealthEquity's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
HealthEquity Inc provides solutions that allow consumers to make healthcare saving and spending decisions. Its technology allows customers to see their tax-advantaged healthcare savings, compare treatment options and pricing, pay healthcare bills, receive benefit information, and earn wellness incentives. The firm primarily partners with health plans and employers and serves as the custodian of its customers' health savings accounts (HSAs). HealthEquity also engages in reimbursement arrangements and offers healthcare incentives to its members. In addition, the company provides investment advisory services to customers whose account balances exceed a certain threshold. HealthEquity generates its revenue in the United States.
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