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Heartland ExpressHTLD +1.03%66 Price-to-Tangible-Book is 2.70 as of Aug. 15, 2026, which is 6% below its 10-year median of 2.86. GuruFocus rates HTLD with a GF Score™ of 66/100 and a GF Value™ of $7.78 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 917 Transportation companies, Heartland Express ranks worse than 74.15% on this metric.
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
Heartland Express Price-to-Tangible-Book Related Terms
Heartland Express Price-to-Tangible-Book Historical Data
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The historical data trend for Heartland Express's Price-to-Tangible-Book 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.
HTLD vs CVLG, MRTN, ULH: Price-to-Tangible-Book Comparison
For the Trucking subindustry, Heartland Express's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.
Heartland Express Price-to-Tangible-Book vs Transportation Industry
For the Transportation industry and Industrials sector, Heartland Express's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Heartland Express's Price-to-Tangible-Book falls into.
* 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 PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Heartland Express (HTLD) has a Price-to-Tangible-Book of 2.70 as of Aug. 15, 2026. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Heartland Express and its competitors. This is near median its historical median of 2.86. Over the past decade, Heartland Express' Price-to-Tangible-Book has ranged from 1.79 to 5.35. According to the industry distribution chart, Heartland Express ranks #680 out of 917 companies in the Transportation industry, placing it in the top 74.2%.
Is Heartland Express' Price-to-Tangible-Book too high?
Heartland Express' current Price-to-Tangible-Book of 2.70 is near median its 10-year median of 2.86. Over the past 10 years, this metric has ranged from a low of 1.79 to a high of 5.35. The Transportation industry median Price-to-Tangible-Book is 1.36. Heartland Express' value of 2.70 is 98.5% above this industry median. Based on the distribution chart, Heartland Express ranks #680 out of 917 companies in the Transportation industry, which is below the industry midpoint. Overall, Heartland Express has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Heartland Express' Price-to-Tangible-Book compare to CVLG and MRTN?
According to the Transportation industry distribution chart, Heartland Express ranks #680 out of 917 companies for Price-to-Tangible-Book. This places Heartland Express in the lower half of its industry. The industry median Price-to-Tangible-Book is 1.36. Heartland Express' value of 2.70 is 98.5% above this benchmark. Historically, Heartland Express' own Price-to-Tangible-Book has ranged from 1.79 to 5.35 over the past decade. While the company's 10-year median is 2.86 vs. the industry median of 1.36, Heartland Express 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 Price-to-Tangible-Book for a Transportation company?
The median Price-to-Tangible-Book among Transportation companies is 1.36, based on 917 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Tangible-Book significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Tangible-Book should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Heartland Express's current Price-to-Tangible-Book of 2.70 is 98.5% 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 Price-to-Tangible-Book mean?
A high Price-to-Tangible-Book can signal that a stock is expensive relative to its fundamentals. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Heartland Express and its competitors. For the Transportation industry, the median Price-to-Tangible-Book is 1.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heartland Express's current Price-to-Tangible-Book is 2.70, which is near median its own 10-year median of 2.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heartland Express stock overvalued right now?
Based on GuruFocus' analysis, Heartland Express (HTLD) is currently considered Significantly Overvalued. The stock's GF Value™ is $7.78, compared to a current price of $12.79 — trading 64.4% above its estimated fair value. The current Price-to-Tangible-Book is 2.70, which is near median its 10-year median of 2.86 and 98.5% above the Transportation industry median of 1.36. Heartland Express' overall GF Score™ is 66/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Tangible-Book calculated?
Price-to-Tangible-Book is calculated from a company's financial statements. For Heartland Express (HTLD), the current Price-to-Tangible-Book is 2.70 as of Aug. 15, 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 Heartland Express (HTLD) Overvalued in 2026?
Based on GuruFocus' analysis, Heartland Express stock appears to be overvalued.
The current stock price of $12.79 is trading 64.4% above its estimated GF Value™ of $7.78.
GuruFocus considers Heartland Express to be Significantly Overvalued.
Key valuation signals for HTLD:
Price-to-Tangible-Book: 2.70 (near median its 10-year median of 2.86)
GF Value™: $7.78 vs. price of $12.79 (64.4% above fair value)
Industry Position: 98.5% above the Transportation median (#680 of 917)
No single metric tells the full story. See the HTLD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Heartland Express Inc, along with its subsidiaries, operates as a short, medium, and long-haul truckload carrier and transportation services provider. It mainly provides nationwide asset-based dry van truckload service for shippers across the United States, along with cross-border freight and other transportation services offered through third-party partnerships in Mexico. The group operates under the brand names of Heartland Express, Millis Transfer, Smith Transport, and CFI (for services within Mexico).
66GF Score
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