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 discount vs ZS $17.03 current versus $213.22 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 ZS'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 discount
Multiple discount
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) · ZS FY 2026 (ended Jul 31, 2026). Fiscal years are not aligned.
Trendline
Six 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
$27.69B
Tangible equity
$1.17B
Price / tangible book
23.75x
Price / book
10.66x
Return on equity
-2.4%
Return on assets
-0.8%
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.
Zscaler 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.
Debt / equity
Total debt against shareholders' equity
0.76x
0.73x
Net debt / EBITDA
Leverage against operating earnings
—
8.93x
Cash and equivalents
Liquid reserves on the balance sheet
—
$928.35M
Total debt
Interest-bearing obligations outstanding
$18.48B
$1.90B
Comparable set
Where the pair sits against the wider banking comparable set.
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