HealthEquity (HQY) fundamentals: P/E, valuation, undervalued?

HealthEquity · Health Care · ref. ETF XLV · price $93.39
Logo HealthEquitySee the full HealthEquity (HQY) profile
In short — HealthEquity trades at 39.1× earnings (P/E), 17.1× forward, with a net margin of 17.3 % and revenue growth of +7 %. Read: Cheap for the growth (P/E 17 for ~34% growth (PEG 0.5)).

Is HealthEquity stock cheap or undervalued? A good time to buy? Here are its fundamentals — P/E, PEG, margin and income statement — to judge its valuation.

📈 1-year price
$93.39+5.8% over range
Aug 28, 25low $73.21 · high $106.79Aug 27, 26
📏 Click 2 points (left → right) to measure the change · click again to clear.
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Buy
100% recommend buying · 7 analysts
Valuation : Cheap for the growth — P/E 17 for ~34% growth (PEG 0.5)

Valuation

39.1
P/E (price/earnings)
17.1
Forward P/E
1.14
PEG
3.8
Price/book (P/B)
$7.7B
Market cap
2.39
EPS

Profitability & growth

17.3 %
Net margin
+7 %
Revenue growth
+34 %
Earnings growth
$985M
Total debt

HealthEquity income statement

Fiscal yearRevenueNet incomeMargin
2023$862M$-26M-3.0 %
2024$1000M$56M5.6 %
2025$1.2B$97M8.1 %
2026$1.3B$215M16.4 %
⚠️ Indicative financial data (Yahoo Finance), not investment advice. Amounts in $.

Frequently asked questions

What is HealthEquity's P/E and is the stock undervalued? What's a good P/E?

HealthEquity's P/E is 39.1 (forward 17.1). Below ~15 = fairly cheap, above ~30 = expensive. Our valuation verdict: "Cheap for the growth".

Is HealthEquity profitable?

HealthEquity has a net margin of 17.3 % (EPS 2.39). The company is profitable.

Is HQY stock expensive?

Our read: "Cheap for the growth" — P/E 17 for ~34% growth (PEG 0.5). Cross-check with growth and sector.

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