PNC Financial Services Group, Inc.
1.97xPrice / tangible book
Market cap
$97.98B
Tangible equity
$49.63B
Price / tangible book
1.97x
Price / book
1.62x
Return on equity
11.5%
Return on assets
1.2%
Efficiency ratio
40.7%
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
Decision snapshot: PNC stock price vs HBAN: inconclusive Relative valuation is incomplete for this pair. Review the available filing metrics before drawing a conclusion.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at HBAN's multiple
Needs HBAN P/E.
Implied fair value · at PNC's multiple
Needs PNC P/E.
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
Less efficient
Statements
Bank-focused income statement and equity metrics aligned to the reporting windows.
SEC periods: PNC FY 2025 (ended Dec 31, 2025) · HBAN FY 2025 (ended Dec 31, 2025).
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
$97.98B
Tangible equity
$49.63B
Price / tangible book
1.97x
Price / book
1.62x
Return on equity
11.5%
Return on assets
1.2%
Efficiency ratio
40.7%
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 framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
PNC Financial Services Group, Inc. · implied price per share
Bank model off — standard DCF modelling is disabled for financial institutions.
Huntington Bancshares Incorporated · implied price per share
Bank model off — standard DCF modelling is disabled for financial institutions.
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
0.94x
0.76x
Total debt
Interest-bearing obligations outstanding
$57.10B
$18.48B
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 the market should price on P/E parity with HBAN (i.e., P/E multiple compression to HBAN's 14.3x), then reduce exposure or avoid initiating new longs because PNC's current price is ~11.8% above HBAN-implied P/E value ($196.86) and P/E (16.3x) is above HBAN.
PNC's current price ($223.30) is 11.8% above HBAN-implied P/E implied price ($196.86), indicating a premium on a pure P/E basis. However, on several enterprise multiples (P/S, EV/Revenue, EV/EBITDA) PNC looks cheaper than HBAN, producing a valuation disconnect.
Supporting Metrics