Based on the most recent data from Jul 24, 2026, HQY's PEG ratio comes in at 0.38. This metric factors in a PE of 35.18 with an earnings growth rate of 92.1%. Relative to the 0.64 average from the previous four quarters, the PEG ratio has contracted by 41%.
Looking at the last ten years, HQY's PEG ratio has has been around 3.71 on average. At 0.38, today's PE to growth ratio sits 90% below its historical average. Within the last ten years, the Jul 2021 quarter recorded the highest PEG value at 71.55. At 0.08, the Apr 2024 quarter showed the minimum PEG ratio in this period.
| Year | PEG ratio | PE ratio | Growth YoY |
|---|---|---|---|
| 2026 | 0.27 | 34.27 | 125.2% |
| 2025 | 1.41 | 99.48 | 70.8% |
| 2024 | 0.38 | 116.28 | 309.7% |
| 2023 | N/A | N/A | 41.5% |
| 2022 | N/A | N/A | -541.7% |
| 2021 | N/A | 696.25 | -79.7% |
| 2020 | N/A | 111.97 | -50.8% |
| 2019 | 1 | 51.95 | 51.9% |
| 2018 | 0.85 | 64.08 | 75.6% |
| 2017 | 1.86 | 102.78 | 55.2% |
| 2016 | N/A | 74.31 | -25.6% |
| 2015 | 0.41 | 53.26 | 131% |
| 2014 | N/A | N/A | -255.6% |
| 2013 | N/A | N/A | N/A |
| Year | PEG ratio | PE ratio | Growth YoY |
|---|---|---|---|
| Apr 2026 | 0.33 | 30.49 | 92.1% |
| Jan 2026 | 0.27 | 34.27 | 125.2% |
| Oct 2025 | 0.44 | 42.8 | 97.3% |
| Jul 2025 | 1.53 | 57.74 | 37.7% |
| Apr 2025 | 1.21 | 61.23 | 50.5% |
| Jan 2025 | 1.41 | 99.48 | 70.8% |
| Oct 2024 | 0.33 | 76.12 | 229.4% |
| Jul 2024 | 0.09 | 64.33 | 713.3% |
| Apr 2024 | 0.08 | 84.85 | 1,030% |
| Jan 2024 | 0.38 | 116.28 | 309.7% |
| Oct 2023 | 1.42 | 210.82 | 148.6% |
| Jul 2023 | 3.77 | 452.93 | 120.3% |
| Apr 2023 | N/A | N/A | 84.8% |
| Jan 2023 | N/A | N/A | 41.5% |
| Oct 2022 | N/A | N/A | -900% |
When comparing to historical values, HQY's PEG ratio is below the 3, 5 and 10-year averages.
Healthequity's PEG of 0.38 is below the Healthcare sector and the industry average. Compared to its Healthcare sector average of 0.53, Healthequity's PEG is 28% lower.
Compared to its peer stock EZPW, HQY's PEG ratio comes in higher.
| Stock name | PEG ratio | Market cap |
|---|---|---|
| EZPW Ezcorp Inc | 0.26 | $1.82B |
| HQY Healthequity Inc | 0.38 | $7.91B |
| UHAL Amerco | N/A | $14.01B |
HQY's Jul 24, 2026 PEG ratio comes in at 0.38.
HQY's 3-year PEG ratio average stands at 0.94.
HQY's 5-year PEG ratio average stands at 6.37.
In the last ten years, HQY's peak PEG ratio of 71.55 was recorded in the Jul 2021 quarter.
HQY currently has a PEG ratio 90% below its 10-year average.
At 0.38, HQY's PEG ratio suggests the stock may be attractively priced given its growth rate.
To calculate the PEG ratio, take the company's PE ratio and divide by its EPS growth (YoY TTM). As of Jul 24, 2026, Healthequity has a P/E ratio of 35.18. Earnings grew at 92.1% over the TTM period ending Apr 2026. Applying the formula, this produces a price to earnings growth ratio of 0.38. PEG RATIO(0.38) = PE RATIO(35.18) / EPS GROWTH(92.1%)
All PEG ratio stats are based on quarterly TTM periods, unless otherwise specified.