HQYHealthEquity, Inc.

$104.38

Is the price fair?

What HQY's price assumes

HealthEquity, Inc. trades at 39.1× earnings against 39.1× for the median Health Information Services name, cheaper than its own group.

39.1

Trailing P/E · Health Information Services median 39.1 · cheaper than the typical name in its group

Price / sales
5.21

Price / sales · as of 2026-Q2

Free cash flow yield
6.8%

Free cash flow yield · Health Information Services median 5.9%

Growth the price implies
+1.5%

Growth the price implies · The price pays for +1.5% free cash flow growth a year for a decade; the business has delivered +41% a year over the last three.

Details
Price / book2026-Q2
3.41
EV / EBIT2026-Q2
22.4
EV / sales2026-Q2
5.72
Healthcare median P/E362 names
31.5
Health Information Services median P/E14 names
39.1
Free cash flow, trailing twelve months
$488M
Market capitalisation
$7.14B
3-year revenue growth
+14%
3-year free cash flow growth
+41%
What the market has paid for these earnings: 20 quarters of its own multiple × $2.67 of trailing earnings per share
MethodPer share
Its own P/E history, lower quartile$177.00
Its own P/E history, median$192.74
Its own P/E history, upper quartile$217.09
52-week range$73.21 – $106.83
Today$104.38

Multiples from SEC filings and end-of-day closes; implied growth from a reverse discounted cash flow. Group medians across the names Ryufin tracks.