HQY
Healthequity
PE ratio, current and historical analysis
- Stocks
- Healthcare
- NASDAQ: HQY
- PE Ratio
As of Jul 24, 2026, the Healthequity stock's price-to-earnings ratio is 35.18. This results from the current EPS of $2.69 and stock price of $94.64. The PE ratio has decreased by 15% from the past four quarters average of 41.3.
HQY PE ratio history
The PE ratio of Healthequity has averaged 597.92 over the last ten years. The current P/E ratio of 35.18 is 94% lower than the historical average. In the past ten years, HQY's PE ratio peaked in the Jul 2021 quarter at 7,398, when the stock price was $73.98 and the EPS was $0.01. The lowest point was in the Apr 2026 quarter, when it reached 30.49 with a price of $82.03 and an EPS of $2.69.
Healthequity PE ratio by year
Maximum annual increase: 521.82% in 2021
Maximum annual decrease: -65.55% in 2026
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2026 | 34.27 | -65.55% | $85.67 | $2.5 |
| 2025 | 99.48 | -14.45% | $110.42 | $1.11 |
| 2024 | 116.28 | N/A | $75.58 | $0.65 |
| 2023 | N/A | N/A | $60.85 | -$0.31 |
| 2022 | N/A | N/A | $53.44 | -$0.53 |
| 2021 | 696.25 | 521.82% | $83.55 | $0.12 |
| 2020 | 111.97 | 115.53% | $66.06 | $0.59 |
| 2019 | 51.95 | -18.93% | $62.34 | $1.2 |
| 2018 | 64.08 | -37.65% | $50.62 | $0.79 |
| 2017 | 102.78 | 38.31% | $46.25 | $0.45 |
| 2016 | 74.31 | 39.52% | $21.55 | $0.29 |
| 2015 | 53.26 | N/A | $20.77 | $0.39 |
| 2014 | N/A | N/A | N/A | -$1.26 |
| 2013 | N/A | N/A | N/A | $0.81 |
Healthequity PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Apr 2026 | 30.49 | -11.03% | $82.03 | $2.69 |
| Jan 2026 | 34.27 | -19.93% | $85.67 | $2.5 |
| Oct 2025 | 42.8 | -25.87% | $94.58 | $2.21 |
| Jul 2025 | 57.74 | -5.7% | $97 | $1.68 |
| Apr 2025 | 61.23 | -38.45% | $85.72 | $1.4 |
| Jan 2025 | 99.48 | 30.69% | $110.42 | $1.11 |
| Oct 2024 | 76.12 | 18.33% | $85.25 | $1.12 |
| Jul 2024 | 64.33 | -24.18% | $78.48 | $1.22 |
| Apr 2024 | 84.85 | -27.03% | $78.91 | $0.93 |
| Jan 2024 | 116.28 | -44.84% | $75.58 | $0.65 |
| Oct 2023 | 210.82 | -53.45% | $71.68 | $0.34 |
| Jul 2023 | 452.93 | N/A | $67.94 | $0.15 |
| Apr 2023 | N/A | N/A | $53.45 | -$0.1 |
| Jan 2023 | N/A | N/A | $60.85 | -$0.31 |
| Oct 2022 | N/A | N/A | $77.91 | -$0.7 |
HQY Price vs fair value
HQY average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
The current PE ratio of HQY is lower than the 3, 5 and 10-year averages.
PE comparison
Healthequity's P/E of 35.18 is above the Healthcare sector and the industry average. In comparison with its Healthcare sector average of 25.31, Healthequity's P/E is 39% higher.
HQY PE vs peers
In comparison to its peer UHAL, HQY's PE ratio is lower, but it is higher than EZPW's.
| Stock name | PE ratio | Market cap |
|---|---|---|
| EZPW Ezcorp Inc | 12.26 | $1.82B |
| HQY Healthequity Inc | 35.18 | $7.91B |
| UHAL Amerco | 297.63 | $14.01B |
Frequently asked questions
What is Healthequity's PE ratio?
HQY's price to earnings ratio is 35.18 as of Jul 24, 2026.
What is the 3-year average PE ratio for Healthequity (HQY)?
Over the last 3 years, the average price to earnings ratio for HQY stock is 110.95.
What is the 5-year average PE ratio for Healthequity (HQY)?
Over the last 5 years, the average price to earnings ratio for HQY stock is 671.49.
What is the highest PE ratio for HQY?
In the last ten years, the Jul 2021 quarter recorded the highest quarterly PE ratio at 7,398.
How does the current PE ratio for HQY compare to its historical average?
HQY's price to earnings ratio is currently 94% below its 10-year historical average.
How is HQY's PE ratio calculated (Healthequity PE ratio formula)?
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Jul 24, 2026), Healthequity's stock price is $94.64. The earnings per share for the trailing twelve months (TTM) ending Apr 2026 is $2.69. Therefore, Healthequity's PE ratio for today is 35.18. PE RATIO(35.18) = STOCK PRICE($94.64) / TTM EPS($2.69)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.