diff --git a/hledger/Hledger/Cli/Utils.hs b/hledger/Hledger/Cli/Utils.hs
index aaabfd528..f3e19ab89 100644
--- a/hledger/Hledger/Cli/Utils.hs
+++ b/hledger/Hledger/Cli/Utils.hs
@@ -51,6 +51,7 @@ import Text.Printf
 import Text.Regex.TDFA ((=~))
 
 import System.Time (ClockTime(TOD))
+import System.TimeIt
 import Data.Time.Clock.POSIX (utcTimeToPOSIXSeconds)
 
 import Hledger.Cli.CliOptions
@@ -302,4 +303,27 @@ backupNumber f g = case g =~ ("^" ++ f ++ "\\.([0-9]+)$") of
 
 tests_Cli_Utils = tests "Utils" [
 
+   tests "journalApplyValue" [
+
+     -- Print the time required to convert one of the sample journals' amounts to value.
+     -- Pretty clunky, but working.
+     test "time" $ do
+       ej <- io $ readJournalFile definputopts "examples/3000x1000x10.journal"
+       case ej of
+         Left e  -> crash $ T.pack e
+         Right j -> do
+           (t,_) <- io $ timeItT $ do
+             -- Enable -V, and ensure the valuation date is later than
+             -- all prices for consistent timing.
+             let ropts = defreportopts{
+               value_=True,
+               period_=PeriodTo $ parsedate "3000-01-01"
+               }
+             j' <- journalApplyValue ropts j
+             sum (journalAmounts j') `seq` return ()
+           io $ printf "[%.3fs] " t
+           ok
+
+  ]
+
  ]
diff --git a/hledger/hledger.cabal b/hledger/hledger.cabal
index 83999261c..e38101bcb 100644
--- a/hledger/hledger.cabal
+++ b/hledger/hledger.cabal
@@ -4,7 +4,7 @@ cabal-version: 1.12
 --
 -- see: https://github.com/sol/hpack
 --
--- hash: c25c2177f7c03b76b14aa9fa36b0cb9aba95bb836c183de3361616e41aed526a
+-- hash: 3beb53c0c1f2c478c50a7c50e122085de41f983fcec16b3c14c058e2e79b19e1
 
 name:           hledger
 version:        1.14.99
@@ -174,6 +174,7 @@ library
     , temporary
     , text >=0.11
     , time >=1.5
+    , timeit
     , transformers
     , unordered-containers
     , utf8-string >=0.3.5
@@ -223,6 +224,7 @@ executable hledger
     , temporary
     , text >=0.11
     , time >=1.5
+    , timeit
     , transformers
     , unordered-containers
     , utf8-string >=0.3.5
@@ -277,6 +279,7 @@ test-suite test
     , test-framework-hunit
     , text >=0.11
     , time >=1.5
+    , timeit
     , transformers
     , unordered-containers
     , utf8-string >=0.3.5
diff --git a/hledger/package.yaml b/hledger/package.yaml
index a7b2a68e9..56e0b0288 100644
--- a/hledger/package.yaml
+++ b/hledger/package.yaml
@@ -134,6 +134,7 @@ dependencies:
 - temporary
 - text >=0.11
 - time >=1.5
+- timeit
 - transformers
 - unordered-containers
 - utf8-string >=0.3.5
@@ -215,4 +216,3 @@ benchmarks:
     - hledger
     - criterion
     - html
-    - timeit