Huntington Bancshares Incorporated

NasdaqGS:HBAN Stock Report

Market Cap: US$23.7b

Huntington Bancshares Valuation

Is HBAN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of HBAN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: HBAN ($16.32) is trading below our estimate of fair value ($23.36)

Significantly Below Fair Value: HBAN is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for HBAN?

Key metric: As HBAN is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for HBAN. This is calculated by dividing HBAN's market cap by their current earnings.
What is HBAN's PE Ratio?
PE Ratio15.6x
EarningsUS$1.52b
Market CapUS$23.71b

Price to Earnings Ratio vs Peers

How does HBAN's PE Ratio compare to its peers?

The above table shows the PE ratio for HBAN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average13.9x
RF Regions Financial
13.2x12.0%US$21.6b
CFG Citizens Financial Group
16.5x21.6%US$19.1b
MTB M&T Bank
13.9x6.7%US$31.4b
EWBC East West Bancorp
12x6.3%US$13.3b
HBAN Huntington Bancshares
15.6x11.1%US$23.7b

Price-To-Earnings vs Peers: HBAN is expensive based on its Price-To-Earnings Ratio (15.6x) compared to the peer average (13.9x).

Price to Earnings Ratio vs Industry

How does HBAN's PE Ratio compare vs other companies in the US Banks Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
FRCB First Republic Bank
0.02xn/aUS$27.98m
BKGM BankGuam Holding
1xn/aUS$18.48m
SBNY Signature Bank
0.002xn/aUS$2.18m
BCBH.F Caribbean Investment Holdings
0.00001xn/aUS$132.00
No more companies available in this PE range
HBAN 15.6xIndustry Avg. 12.4xNo. of Companies83PE0612182430+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: HBAN is expensive based on its Price-To-Earnings Ratio (15.6x) compared to the US Banks industry average (12.4x).

Price to Earnings Ratio vs Fair Ratio

What is HBAN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

HBAN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.6x
Fair PE Ratio16.7x

Price-To-Earnings vs Fair Ratio: HBAN is good value based on its Price-To-Earnings Ratio (15.6x) compared to the estimated Fair Price-To-Earnings Ratio (16.7x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst HBAN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$16.32
US$18.54
+13.6%
11.5%US$22.00US$14.50n/a19
Dec ’25US$18.01
US$17.67
-1.9%
11.9%US$22.00US$14.50n/a19
Nov ’25US$15.48
US$16.86
+8.9%
7.1%US$19.00US$15.00n/a18
Oct ’25US$14.32
US$16.46
+14.9%
7.7%US$18.50US$14.00n/a18
Sep ’25US$14.97
US$16.46
+9.9%
7.9%US$18.50US$13.50n/a19
Aug ’25US$14.37
US$16.35
+13.8%
7.6%US$18.50US$13.50n/a19
Jul ’25US$13.16
US$15.13
+14.9%
8.2%US$17.00US$11.50n/a19
Jun ’25US$13.92
US$15.70
+12.8%
6.4%US$18.00US$14.00n/a19
May ’25US$13.65
US$15.47
+13.3%
4.9%US$17.00US$14.00n/a19
Apr ’25US$13.73
US$14.81
+7.8%
6.2%US$17.00US$13.00n/a19
Mar ’25US$12.95
US$14.60
+12.7%
5.8%US$16.00US$13.00n/a19
Feb ’25US$12.46
US$14.31
+14.8%
5.7%US$16.00US$13.00n/a19
Jan ’25US$12.72
US$12.81
+0.7%
10.6%US$15.00US$10.00n/a18
Dec ’24US$11.74
US$11.86
+1.0%
7.0%US$13.00US$10.00US$18.0118
Nov ’24US$9.63
US$11.97
+24.3%
9.1%US$15.00US$10.00US$15.4819
Oct ’24US$10.40
US$12.78
+22.8%
8.8%US$15.00US$11.00US$14.3220
Sep ’24US$11.22
US$12.95
+15.4%
8.0%US$15.00US$11.00US$14.9719
Aug ’24US$12.24
US$12.92
+5.6%
8.3%US$15.00US$11.00US$14.3719
Jul ’24US$10.78
US$12.45
+15.5%
11.1%US$15.00US$10.00US$13.1619
Jun ’24US$10.46
US$12.74
+21.8%
10.4%US$15.00US$11.00US$13.9219
May ’24US$10.99
US$13.03
+18.5%
11.0%US$16.00US$11.00US$13.6519
Apr ’24US$11.20
US$15.05
+34.4%
14.2%US$18.00US$11.00US$13.7319
Mar ’24US$15.30
US$16.03
+4.7%
9.5%US$18.00US$13.50US$12.9519
Feb ’24US$15.22
US$15.87
+4.3%
9.6%US$18.00US$13.50US$12.4619
Jan ’24US$14.10
US$16.21
+15.0%
8.7%US$19.00US$14.00US$12.7219
Dec ’23US$15.59
US$16.11
+3.3%
7.7%US$18.00US$14.00US$11.7418

Analyst Forecast: Target price is less than 20% higher than the current share price.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 02:08
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Huntington Bancshares Incorporated is covered by 52 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullArgus Research Company
David GeorgeBaird
Jason GoldbergBarclays