SharesGrow 7-Criteria Score
All 7 criteria scored · valuation-related highlighted on this page
Heritage Financial Corporation (HFWA) trades at a trailing P/E of 13.8, forward P/E of 12.7. Trailing earnings yield is 7.27%, forward earnings yield 7.88%. PEG 0.24 (Peter Lynch undervalued ≤1.0). Graham Number is $34.85.
Criteria proven by this page:
- VALUE (91/100, Pass) — P/E is below market average (13.8); PEG ≤ 1.0 — Peter Lynch undervalued (0.24); analyst target implies upside (+19.2%); earnings yield beats bond yields (7.27%).
- Forward P/E 12.7 (down from trailing 13.8) — analysts expect earnings to grow, which would improve the valuation.
- PEG Ratio 0.24 — below 1.0 suggests the stock is undervalued relative to its earnings growth rate (Peter Lynch criterion).
- Trailing Earnings Yield 7.27% — exceeds typical bond yields (~4.3%), making equity attractive vs fixed income. Forward yield improves to 7.88% as earnings recover.
- Analyst consensus target $32.33 (+19.2% upside) — significant upside potential according to Wall Street analysts.
Overall SharesGrow Score: 70/100 with 3/7 criteria passed.
SharesGrow 7-Criteria Score
✓
VALUE
91/100
Price-to-Earnings & upside
Proven by this page
~
HEALTH
50/100
Debt-to-Equity & liquidity
→ Health
Valuation Snapshot — HFWA
Valuation Multiples
P/E (TTM)13.8
Forward P/E12.7
PEG Ratio0.24
Forward PEG1.41
P/B Ratio1.01
P/S Ratio2.77
EV/EBITDA11.5
Per Share Data
EPS (TTM)$1.99
Forward EPS (Est.)$2.14
Book Value / Share$27.14
Revenue / Share$9.89
FCF / Share$2.52
Yields & Fair Value
Earnings Yield7.27%
Forward Earnings Yield7.88%
Dividend Yield3.51%
Graham Number$34.85
SharesGrow IV$58.86 (+117%)
Analyst Target$32.33 (+19.2%)
Historical Valuation
| Year |
P/E (TTM) |
PEG Ratio |
P/B Ratio |
P/S Ratio |
Dividend Yield |
| 2016 |
19.6 |
4.91 |
1.59 |
4.49 |
2.82% |
| 2017 |
21.9 |
-28.51 |
1.80 |
5.00 |
2.00% |
| 2018 |
19.7 |
1.27 |
1.37 |
4.53 |
2.47% |
| 2019 |
15.4 |
0.66 |
1.29 |
4.16 |
2.97% |
| 2020 |
18.1 |
-0.61 |
1.03 |
3.35 |
3.43% |
| 2021 |
8.9 |
0.08 |
1.02 |
3.52 |
3.32% |
| 2022 |
13.1 |
-0.86 |
1.35 |
4.18 |
2.74% |
| 2023 |
12.3 |
-0.50 |
0.89 |
2.50 |
4.06% |
| 2024 |
19.5 |
-0.69 |
0.98 |
2.66 |
3.76% |
| 2025 |
11.9 |
0.21 |
0.87 |
2.39 |
4.07% |
P/E Ratio & Earnings Yield
Earnings Per Share (EPS) History
| Year |
EPS (Diluted) |
Revenue |
Net Income |
Net Margin |
| 2016 |
$1.30 |
$170.13M |
$38.92M |
22.9% |
| 2017 |
$1.29 |
$183.29M |
$41.79M |
22.8% |
| 2018 |
$1.50 |
$231.02M |
$53.06M |
23% |
| 2019 |
$1.83 |
$250.31M |
$67.56M |
27% |
| 2020 |
$1.29 |
$251.55M |
$46.57M |
18.5% |
| 2021 |
$2.73 |
$247.45M |
$98.04M |
39.6% |
| 2022 |
$2.31 |
$257.05M |
$81.88M |
31.9% |
| 2023 |
$1.75 |
$303.13M |
$61.76M |
20.4% |
| 2024 |
$1.24 |
$317.19M |
$43.26M |
13.6% |
| 2025 |
$1.96 |
$335.97M |
$67.53M |
20.1% |
Analyst Estimates
| Year |
EPS (Avg) |
EPS Range |
Revenue (Avg) |
Revenue Range |
Analysts |
| 2026 |
$2.13 |
$2.07 – $2.20 |
$349.08M |
$348.12M – $350.03M |
5 |
| 2027 |
$2.91 |
$2.81 – $3.06 |
$376.47M |
$376.07M – $376.87M |
5 |
