Huntington Bancshares Incorporated
1.90xPrice / tangible book
Market cap
$34.52B
Tangible equity
$18.20B
Price / tangible book
1.90x
Price / book
1.42x
Return on equity
9.1%
Return on assets
1.0%
Efficiency ratio
40.2%
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
Decision snapshot: HBAN stock price at premium vs KELYA $17.03 current versus $9.55 implied using P/TBV multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at KELYA's multiple
Implied fair value · at HBAN's multiple
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Filter, sort, and scan the equity metrics that matter most for banks: book value, tangible book, returns, and operating efficiency.
Multiple premium
Multiple premium
Profitability edge
Asset efficiency edge
Lower is better
Statements
Bank-focused income statement and equity metrics aligned to the reporting windows.
SEC periods: HBAN FY 2025 (ended Dec 31, 2025) · KELYA FY 2025 (ended Dec 28, 2025). Fiscal years are not aligned.
Trendline
Five fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Tangible book and profitability anchor a bank, not enterprise value.
Deposits and cash-like balances distort enterprise value for banks, so this section reads equity value, tangible book and profitability instead.
Price / tangible book
Market cap
$34.52B
Tangible equity
$18.20B
Price / tangible book
1.90x
Price / book
1.42x
Return on equity
9.1%
Return on assets
1.0%
Efficiency ratio
40.2%
Price / tangible book
Market cap
$583.36M
Tangible equity
$548.20M
Price / tangible book
1.06x
Price / book
0.60x
Return on equity
-26.0%
Return on assets
-11.3%
Efficiency ratio
—
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
Huntington Bancshares Incorporated · implied price per share
Bank model off — standard DCF modelling is disabled for financial institutions.
KELLY SERVICES, INC. · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Not enough data to score either balance sheet.
Debt / equity
Total debt against shareholders' equity
0.76x
0.10x
Net debt / EBITDA
Leverage against operating earnings
—
-2.19x
Cash and equivalents
Liquid reserves on the balance sheet
—
$33.00M
Total debt
Interest-bearing obligations outstanding
$18.48B
$101.90M
Comparable set
Where the pair sits against the wider banking comparable set.
Keep comparing
Open adjacent comparisons from the same industry to pressure-test the read across multiple pairs.
LLM-powered synthesis
An on-demand narrative read of the same deterministic data.
This explanation uses an earlier data snapshot or evidence version. Review its generation date and the current figures, or refresh after signing in.
If you believe HBAN’s valuation will remain anchored to the current historical band and that the DCF range is overly conservative, then avoid adding aggressively; the supplied data suggest the stock is already priced well above both the implied price and DCF range despite only middling quality signals.
HBAN’s current price of $17.60 sits well above the implied price of $8.75, implying 50.3% downside. It also trades above the DCF range of $4.79 to $6.48, though still within its historical band of $15.84 to $19.36.
Supporting Metrics