What is HealthEquity's price / book?

HealthEquity (HQY) reported price / book of 3.4× in Q1 2026.

How has HealthEquity's price / book changed year-over-year?

HealthEquity's price / book decreased by 3.2% year-over-year, from 3.5× to 3.4×.

What is the long-term trend for HealthEquity's price / book?

Over 5 years (2021 to 2026), HealthEquity's price / book has grown at a -7.3% compound annual growth rate (CAGR), from 5.1× to 3.5×.

What does price / book mean?

Market capitalization at the quarter end divided by shareholders' equity. The premium (or discount) the market assigns to the company's book equity.

HealthEquity HQY Price / book

Price / book at other companies

UnitedHealth GroupUNH

2.4×-2.4×

Webster Financial CorporationWBS

1.2×+0.2×

Willis Towers WatsonWTW

3.4×-0.7×

CVS HealthCVS

1.2×+0.1×

CenteneCNC

0.8×-0.3×

Voya FinancialVOYA

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Other financials

Income statement

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Revenue$354.6M+7.2%

Gross profit$256.3M+14.3%

Operating income$103.0M+23.9%

Net income$69.4M+28.8%

EPS (diluted)$0.82+34.4%

Balance sheet

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Cash & equivalents$265.4M-7.8%

Total debt$984.7M-11.0%

Total equity$2.0B-3.6%

Total assets$3.3B-3.2%

Cash flow

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Operating cash flow$97.5M+50.6%

CapEx$362.0K+321%

Free cash flow$97.2M+50.3%

Valuation

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Market cap$7.12B-6.7%

Enterprise value$7.84B-7.2%

P/E30.9×-31.8×

P/S5.3×-0.8×

Profitability

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Gross margin70.7%+5.2pp

Operating margin25.6%+9.2pp

Net margin17.3%+7.5pp

FCF margin36.5%+9.3pp

Returns & leverage

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Return on equity11.1%+5.3pp

Debt / equity0.5×0.0×

Current ratio3.4×-0.6×

Where this comes from

Calculated from HealthEquity’s reported figures.

market cap/total stockholders equity=3.4×

Based on the most recent quarter.

The official record: HealthEquity’s 10-Q, filed May 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is HealthEquity's price / book?: HealthEquity (HQY) reported price / book of 3.4× in Q1 2026.
How has HealthEquity's price / book changed year-over-year?: HealthEquity's price / book decreased by 3.2% year-over-year, from 3.5× to 3.4×.
What is the long-term trend for HealthEquity's price / book?: Over 5 years (2021 to 2026), HealthEquity's price / book has grown at a -7.3% compound annual growth rate (CAGR), from 5.1× to 3.5×.
What does price / book mean?: Market capitalization at the quarter end divided by shareholders' equity. The premium (or discount) the market assigns to the company's book equity.