As of Jul 25, 2024, the Heritage Financial stock's PE ratio is 17.02. This takes into account the latest EPS of $1.35 and stock price of $22.98. The PE ratio has grown by 66% from its last 4 quarters average of 10.2.
The PE ratio of Heritage Financial has averaged 15.92 over the last ten years. The current P/E ratio of 17.02 is 7% higher than the historical average. Looking back at the last ten years, HFWA's PE ratio peaked in the Sep 2014 quarter at 26.85, when the price was $15.84 and the EPS was $0.59. The lowest point was in the Jun 2023 quarter, when it reached 7.03 with a price of $16.17 and an EPS of $2.3.
Maximum annual increase: 47.92% in 2022
Maximum annual decrease: -50.97% in 2021
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 12.15 | -7.6% |
| 2022 | 13.15 | 47.92% |
| 2021 | 8.89 | -50.97% |
| 2020 | 18.13 | 17.88% |
| 2019 | 15.38 | -22.91% |
| 2018 | 19.95 | -9.97% |
| 2017 | 22.16 | 11.86% |
| 2016 | 19.81 | 31.45% |
| 2015 | 15.07 | -29.58% |
| 2014 | 21.4 | -23.65% |
Currently, HFWA's PE ratio is higher than its 3, 5 and 10-year averages.
HFWA's PE ratio stands lower than its peer stock SHBI, but it is higher than COLB's and BANR's. Heritage Financial's current PE ratio of 17.02 is higher than the average of its peers, which is 13.98.
| Stock name | PE ratio | Market cap |
|---|---|---|
| BWFG Bankwell Financial Group Inc | 7.05 | $214.52M |
| COLB Columbia Banking System Inc | 11.53 | $5.65B |
| BANR Banner Corp | 12.77 | $2.12B |
| HFWA Heritage Financial Corp | 17.13 | $802.03M |
| SHBI Shore Bancshares Inc | 26.62 | $486.2M |
As of Jul 25, 2024, HFWA stock has a price to earnings ratio of 17.02.
The 3-year average price to earnings ratio for HFWA stock is 10.33.
The 5-year average price to earnings ratio for HFWA stock is 12.33.
Over the last ten years, the quarterly PE ratio reached its highest level at 26.85 in the Sep 2014 quarter.
HFWA's price to earnings ratio is currently 7% above its 10-year historical average.
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Jul 25, 2024), Heritage Financial's share price is $22.98. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $1.35. Therefore, Heritage Financial's PE ratio for today is 17.02. PE RATIO(17.02) = STOCK PRICE($22.98) / TTM EPS($1.35)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.