Highwoods Properties Inc (HIW) Stock Analysis — PE Ratio, PS Ratio, Intrinsic Value & 2030 Price Target
Highwoods Properties Inc stock (HIW) is currently trading at $21.12. Highwoods Properties Inc PE ratio is 14.57. Highwoods Properties Inc PS ratio (Price-to-Sales) is 2.92. Analyst consensus price target for HIW is $26.44. WallStSmart rates HIW as Underperform.
- HIW PE ratio analysis and historical PE chart
- HIW PS ratio (Price-to-Sales) history and trend
- HIW intrinsic value — DCF, Graham Number, EPV models
- HIW stock price prediction 2025 2026 2027 2028 2029 2030
- HIW fair value vs current price
- HIW insider transactions and insider buying
- Is HIW undervalued or overvalued?
- Highwoods Properties Inc financial analysis — revenue, earnings, cash flow
- HIW Piotroski F-Score and Altman Z-Score
- HIW analyst price target and Smart Rating
Highwoods Properties Inc
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HIW Intrinsic Value Analysis for Value Investors
Benjamin Graham Formula · Highwoods Properties Inc (HIW)
HIW trades 137% above its Graham fair value of $9.86, indicating the stock may be overvalued at current levels.
Based on Benjamin Graham Formula. Growth rate capped at 25%. For informational purposes only. Not financial advice.

Smart Analysis
Highwoods Properties Inc (HIW) · 10 metrics scored
Smart Score
Category Performance
WallStSmart pulls financial metrics like revenue growth, profit margins, and valuation ratios and scores each one from 0 to 10 based on how strong or weak it is. Those 10 scores are grouped into 4 categories: Growth, Profitability, Valuation, and Quality — which form the 4 axes of the spider chart you see. The categories are then combined into a final score out of 100, but not equally. Growth and Profitability together count for 60% of the total, because a fast-growing profitable business matters more than just a cheap one. That final number maps to a rating (Strong Buy, Buy, Hold, Avoid) and a letter grade, giving you one clear Stock Rating.
Investment Thesis
Strong fundamentals in operating margin, price/book, profit margin. Concerns around peg ratio and return on equity. Fundamentals are solid but monitor weak areas for improvement.
Highwoods Properties Inc (HIW) Key Strengths (5)
Trading below book value, meaning the market prices it less than net assets
103.21% of shares held by major funds and institutions
Strong operational efficiency: $26 kept per $100 revenue
Strong profitability: $20 kept per $100 revenue
Mid-cap company balancing growth potential with stability
Supporting Valuation Data
Highwoods Properties Inc (HIW) Areas to Watch (5)
Revenue declining -1.60%, a shrinking business
Earnings declining -13.50%, profits shrinking
Very expensive relative to growth, significant premium
Low profitability relative to shareholder equity
Revenue is fairly priced at 2.92x sales
Supporting Valuation Data
Highwoods Properties Inc (HIW) Detailed Analysis Report
Overall Assessment
This company scores 54/100 in our Smart Analysis, earning a C- grade. Out of 10 metrics analyzed, 5 register as strengths (avg 8.6/10) while 5 fall into concern territory (avg 2.2/10). The category breakdown reveals uneven performance, with some areas requiring attention.
The Bull Case
The strongest argument centers on Price/Book, Institutional Own., Operating Margin. Valuation metrics including Price/Book (0.96) suggest the stock is attractively priced. Profitability is solid with Operating Margin at 26.20%, Profit Margin at 19.70%.
The Bear Case
The primary concerns are Revenue Growth, EPS Growth, PEG Ratio. Some valuation metrics including PEG Ratio (7.77), Price/Sales (2.92) suggest expensive pricing. Growth concerns include Revenue Growth at -1.60%, EPS Growth at -13.50%, which may limit upside. Profitability pressure is visible in Return on Equity at 6.68%.
Key Dynamics to Monitor
Three factors to monitor going forward. First, whether Revenue Growth improves, as this is the primary drag on the overall score. Second, margin trajectory, with Return on Equity at 6.68% needing improvement to support the investment thesis. Third, growth sustainability, with Revenue Growth at -1.60% needing to reaccelerate.
Risk Considerations
Based on the metric profile, this is a moderate-to-high risk investment. Strengths and concerns are roughly balanced. Investors should size positions according to their risk tolerance and maintain diversification.
Bottom Line
Mixed fundamentals with both positives (Price/Book, Institutional Own.) and negatives (Revenue Growth, EPS Growth). A cautious approach is warranted. Monitor for improvement in weak areas before increasing conviction.
Disclaimer: Smart Analysis is a scoring system developed by WallStSmart Team. Scores update daily using multi-model valuation framework. Always conduct your own research and consult with financial advisors before making investment decisions.
HIW Price-to-Sales(PS) Ratio Chart
Historical valuation based on market cap ÷ trailing 12-month revenue
HIW's Price-to-Sales ratio of 2.92x trades at a deep discount to its historical average of 7.79x (1th percentile). The current valuation is 76% below its historical high of 12.02x set in Feb 2007, and 3% above its historical low of 2.85x in Mar 2026.
WallStSmart Analysis Synopsis
Data-driven financial summary for Highwoods Properties Inc (HIW) · REAL ESTATE › REIT - OFFICE
The Big Picture
Highwoods Properties Inc faces headwinds with declining revenue, though profitability provides a cushion. Revenue reached 808M with 2% decline year-over-year. Profit margins of 19.7% are healthy, with room for further expansion as the business scales.
Key Findings
Generating 42M in free cash flow and 102M in operating cash flow. Earnings are translating into actual cash generation.
What to Watch Next
Dividend sustainability with a current yield of 9.5%. Watch payout ratio and free cash flow coverage.
Sector dynamics: monitor REIT - OFFICE industry trends, competitive moves, and regulatory changes that could impact Highwoods Properties Inc.
Bottom Line
Highwoods Properties Inc faces challenges with declining revenue. While profitability provides a buffer, the long-term trajectory needs to improve. Watch for management's strategic response and whether the company can stabilize or pivot to new growth drivers.
This synopsis is generated from publicly available financial data. It is not financial advice. Always conduct your own research and consult a qualified financial advisor before making investment decisions.
Insider Transactions(10 last 3 months)
Data sourced from SEC Form 4 filings
Last updated: 10:13:22 AM
About Highwoods Properties Inc(HIW)
NYSE
REAL ESTATE
REIT - OFFICE
USA
Highwoods Properties, Inc., based in Raleigh, is a publicly traded (NYSE: HIW) real estate investment trust (?