Huntington Bancshares Incorporated (HBAN) Financial Ratios
30 years of historical data (1996–2025) · Financial Services · Banks - Regional
EV/EBITDA
↑
15.88
↑+58% vs avg
5yr avg: 10.05
30Y Low6.4·High83.5
P/FCF
↑
11.40
+15% vs avg
5yr avg: 9.92
30Y Low1.0·High32.1
P/B Ratio
↑
1.01
-7% vs avg
5yr avg: 1.09
30Y Low0.4·High3.1
ROE
↑
10.0%
-1% vs avg
5yr avg: 10.1%
30Y Low-49%·High20%
Debt/EBITDA
↑
6.88
↑+44% vs avg
5yr avg: 4.76
30Y Low2.7·High11.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
HBAN Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Huntington Bancshares Incorporated trades at 11.8x earnings, 6% below its 5-year average of 12.6x, sitting at the 18th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.3x, the stock trades at a discount of 11%. On a free-cash-flow basis, the stock trades at 11.4x P/FCF, 15% above the 5-year average of 9.9x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $26.0B | $26.1B | $24.0B | $18.7B | $20.7B | $19.8B | $13.0B | $15.9B | $12.5B | $16.5B | $12.1B |
| Enterprise Value | $42.7B | $42.8B | $27.3B | $21.4B | $25.5B | $21.4B | $14.9B | $27.1B | $20.4B | $29.2B | $22.7B |
| P/E Ratio → | 11.81 | 12.48 | 13.34 | 10.26 | 9.72 | 17.13 | 18.30 | 11.87 | 9.93 | 14.56 | 19.73 |
| P/S Ratio | 2.08 | 2.09 | 2.01 | 1.73 | 2.60 | 3.26 | 2.49 | 2.82 | 2.37 | 3.49 | 3.21 |
| P/B Ratio | 1.01 | 1.07 | 1.21 | 0.96 | 1.16 | 1.03 | 1.00 | 1.35 | 1.12 | 1.53 | 1.18 |
| P/FCF | 11.40 | 11.46 | 14.37 | 7.42 | 5.42 | 10.93 | 10.83 | 10.86 | 7.72 | 9.40 | 11.09 |
| P/OCF | 10.21 | 10.26 | 13.24 | 7.03 | 5.13 | 9.62 | 9.86 | 10.12 | 7.23 | 8.47 | 10.00 |
P/E links to full P/E history page with 30-year chart
HBAN EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Huntington Bancshares Incorporated's enterprise value stands at 15.9x EBITDA, 58% above its 5-year average of 10.1x. The Financial Services sector median is 11.4x, placing the stock at a 39% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.43 | 2.28 | 1.98 | 3.20 | 3.51 | 2.84 | 4.79 | 3.87 | 6.17 | 6.01 |
| EV / EBITDA | 15.88 | 15.93 | 9.01 | 6.71 | 7.84 | 10.78 | 11.10 | 13.26 | 9.62 | 16.18 | 17.47 |
| EV / EBIT | 15.88 | 15.93 | 11.35 | 8.96 | 9.21 | 13.43 | 15.29 | 16.34 | 12.53 | 20.97 | 24.68 |
| EV / FCF | — | 18.79 | 16.31 | 8.49 | 6.68 | 11.77 | 12.35 | 18.48 | 12.62 | 16.61 | 20.74 |
HBAN Profitability
Margins and return-on-capital ratios measuring operating efficiency
Huntington Bancshares Incorporated earns an operating margin of 21.5%, roughly in line with the Financial Services sector average. ROE of 10.0% is modest. ROIC of 5.1% represents adequate returns on invested capital versus a sector median of 5.7%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 61.7% | 61.7% | 58.2% | 64.0% | 87.6% | 98.1% | 71.9% | 77.5% | 81.1% | 86.7% | 88.0% |
| Operating Margin | 21.5% | 21.5% | 20.1% | 22.1% | 34.8% | 26.2% | 18.6% | 29.3% | 30.9% | 29.4% | 24.3% |
| Net Profit Margin | 17.7% | 17.7% | 16.2% | 18.1% | 28.2% | 21.3% | 15.6% | 25.0% | 26.4% | 25.0% | 18.8% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 10.0% | 10.0% | 9.9% | 10.5% | 12.1% | 8.0% | 6.6% | 12.3% | 12.7% | 11.2% | 8.4% |
| ROA | 1.0% | 1.0% | 1.0% | 1.0% | 1.3% | 0.9% | 0.7% | 1.3% | 1.3% | 1.2% | 0.8% |
| ROIC | 5.1% | 5.1% | 5.2% | 5.8% | 7.4% | 4.9% | 3.2% | 5.4% | 5.2% | 4.4% | 3.8% |
| ROCE | 4.5% | 4.5% | 6.1% | 6.8% | 8.7% | 5.9% | 4.1% | 7.2% | 7.8% | 7.2% | 5.7% |
HBAN Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Huntington Bancshares Incorporated carries a Debt/EBITDA ratio of 6.9x, which is highly leveraged (67% above the sector average of 4.1x). Net debt stands at $16.7B ($18.5B total debt minus $1.8B cash). Interest coverage of just 0.6x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.76 | 0.76 | 0.84 | 0.67 | 0.66 | 0.39 | 0.66 | 1.06 | 0.96 | 1.32 | 1.16 |
| Debt / EBITDA | 6.88 | 6.88 | 5.48 | 4.09 | 3.61 | 3.75 | 6.37 | 6.09 | 5.02 | 7.89 | 9.23 |
| Net Debt / Equity | — | 0.68 | 0.16 | 0.14 | 0.27 | 0.08 | 0.14 | 0.95 | 0.71 | 1.17 | 1.02 |
| Net Debt / EBITDA | 6.21 | 6.21 | 1.07 | 0.85 | 1.48 | 0.77 | 1.36 | 5.47 | 3.73 | 7.03 | 8.12 |
| Debt / FCF | — | 7.33 | 1.94 | 1.07 | 1.26 | 0.84 | 1.51 | 7.62 | 4.90 | 7.21 | 9.64 |
| Interest Coverage | 0.62 | 0.62 | 0.53 | 0.69 | 3.97 | 17.88 | 2.30 | 1.68 | 2.14 | 3.23 | 3.50 |
HBAN Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.19x is below 1.0, meaning current liabilities exceed current assets — though the company's $1.8B cash position helps mitigate short-term liquidity concerns. The current ratio has improved from 0.14x to 0.19x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.19 | 0.19 | 0.15 | 0.14 | 0.09 | 0.09 | 0.09 | 0.02 | 0.03 | 0.22 | 0.05 |
| Quick Ratio | 0.19 | 0.19 | 0.15 | 0.14 | 0.09 | 0.09 | 0.09 | 0.02 | 0.03 | 0.22 | 0.05 |
| Cash Ratio | 0.01 | 0.01 | 0.08 | 0.07 | 0.05 | 0.04 | 0.07 | 0.01 | 0.03 | 0.02 | 0.02 |
| Asset Turnover | — | 0.06 | 0.06 | 0.06 | 0.04 | 0.03 | 0.04 | 0.05 | 0.05 | 0.05 | 0.04 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
HBAN Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Huntington Bancshares Incorporated returns 3.7% to shareholders annually primarily through dividends. A payout ratio of 41.1% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 8.5% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 3.7% | 3.5% | 3.8% | 4.8% | 4.3% | 3.8% | 4.7% | 3.7% | 4.1% | 2.1% | 2.0% |
| Payout Ratio | 41.1% | 41.1% | 46.5% | 46.1% | 40.1% | 57.9% | 75.2% | 42.3% | 36.9% | 29.4% | 34.4% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 8.5% | 8.0% | 7.5% | 9.7% | 10.3% | 5.8% | 5.5% | 8.4% | 10.1% | 6.9% | 5.1% |
| FCF Yield | 8.8% | 8.7% | 7.0% | 13.5% | 18.5% | 9.1% | 9.2% | 9.2% | 13.0% | 10.6% | 9.0% |
| Buyback Yield | 0.0% | 0.0% | 1.7% | 0.4% | 0.0% | 6.8% | 0.7% | 2.8% | 7.5% | 1.6% | 22.8% |
| Total Shareholder Yield | 3.7% | 3.5% | 5.5% | 5.3% | 4.3% | 10.6% | 5.4% | 6.5% | 11.6% | 3.7% | 24.8% |
| Shares Outstanding | — | $1.5B | $1.5B | $1.5B | $1.5B | $1.3B | $1.0B | $1.1B | $1.0B | $1.1B | $919M |
Peer Comparison
Compare HBAN with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 HBANYou | $26B | 11.8 | 15.9 | 11.4 | 61.7% | 21.5% | 10.0% | 5.1% | 6.9 |
 RF | $24B | 12.2 | 6.5 | 11.2 | 74.6% | 28.5% | 11.7% | 8.5% | 1.7 |
 CFG | $28B | 21.2 | 12.1 | 14.8 | 57.6% | 15.3% | 6.2% | 3.8% | 5.2 |
 FITB | $34B | 16.0 | 14.6 | 14.0 | 59.2% | 22.3% | 11.9% | 5.7% | 5.6 |
 KEY | $24B | 14.4 | 14.6 | — | 62.3% | 20.6% | 9.5% | 5.4% | 4.7 |
 MTB | $33B | 14.7 | 6.8 | 9.8 | 64.3% | 24.7% | 9.2% | 6.0% | 3.6 |
 ZION | $9B | 12.8 | 9.0 | 8.9 | 61.2% | 20.3% | 13.3% | 7.3% | 3.8 |
 CMA | $11B | 16.8 | 16.1 | — | 68.1% | 19.1% | 10.1% | 5.2% | 5.5 |
 USB | $86B | 12.1 | 11.4 | — | 62.8% | 22.2% | 12.2% | 5.2% | 7.6 |
 PNC | $90B | 16.1 | 14.0 | 11.4 | 59.4% | 21.5% | 11.2% | 4.5% | 8.2 |
 TFC | $66B | 14.9 | 233.4 | 30.4 | 47.0% | -2.5% | 7.8% | -0.4% | 164.7 |
| Financial Services Median | — | 13.3 | 11.4 | 10.6 | 62.9% | 21.4% | 9.5% | 5.7% | 4.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonHBAN — Frequently Asked Questions
Quick answers to the most common questions about buying HBAN stock.
What is Huntington Bancshares Incorporated's P/E ratio?
Huntington Bancshares Incorporated's current P/E ratio is 11.8x. The historical average is 17.0x. This places it at the 18th percentile of its historical range.
What is Huntington Bancshares Incorporated's EV/EBITDA?
Huntington Bancshares Incorporated's current EV/EBITDA is 15.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 15.5x.
What is Huntington Bancshares Incorporated's ROE?
Huntington Bancshares Incorporated's return on equity (ROE) is 10.0%. The historical average is 9.3%.
Is HBAN stock overvalued?
Based on historical data, Huntington Bancshares Incorporated is trading at a P/E of 11.8x. This is at the 18th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Huntington Bancshares Incorporated's dividend yield?
Huntington Bancshares Incorporated's current dividend yield is 3.68% with a payout ratio of 41.1%.
What are Huntington Bancshares Incorporated's profit margins?
Huntington Bancshares Incorporated has 61.7% gross margin and 21.5% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Huntington Bancshares Incorporated have?
Huntington Bancshares Incorporated's Debt/EBITDA ratio is 6.9x, indicating high leverage. A ratio above 4x may signal elevated financial risk.