On 12 Nov 2026 our base value for Huntington Bancshares is $16.99 a share, 8.0% above its $15.73 close; 1 of 2 valuation methods put it above the price.
| Method | Value | vs price | Basis |
|---|---|---|---|
| Discounted cash flow | — | — | not used for banks and lenders: deposits and loans are the business, so free cash flow does not describe it; see tangible book |
| Exit multiple (P/E) | $21.67 | +37.8% | earnings per share $1.53 valued at 10.73× (the stock's own median P/E) in 5 years, discounted back |
| Sum of the parts | — | — | no sum of the parts: this run holds no segment disclosure for the name |
| Price to sales | — | — | not reached: the cash-flow or earnings methods produced an anchor, so this fallback was not run |
| Tangible book | $12.32 | -21.7% | tangible book $8.59 a share at 1.433× |
| Price to FFO (REITs) | — | — | used only for REITs |
Each working is rebuilt by code from the valuation's own figures and checked against the published value.
Earnings per share grow on the same fading path as the DCF:
| Year | Growth | Earnings per share |
|---|---|---|
| Now | — | $1.53 |
| Year 1 | 24.26% | $1.91 |
| Year 2 | 18.95% | $2.27 |
| Year 3 | 14.96% | $2.61 |
| Year 4 | 11.97% | $2.92 |
| Year 5 | 9.73% | $3.20 |
| Earnings per share in year 5 | $3.20 |
| Exit P/E (the stock's own median P/E) | 10.73× |
| Value in 5 years = earnings × P/E | $34.38 |
| Discounted at 9.68% over 5 years: ÷ 1.5869 | $21.67 |
| Shareholders' equity | $24.34bn |
| Less goodwill | $6.00bn |
| Less other intangibles | $752.00m |
| Tangible equity | $17.59bn |
| Shares | 2.05bn |
| Tangible book per share | $8.59 |
| Profit attributable to shareholders | $2.21bn |
| Return on tangible equity = profit ÷ tangible equity | 12.57% |
| Cost of equity (the discount rate) | 9.68% |
| Growth (the terminal rate) | 3% |
| Justified price to tangible book = (12.57% − 3%) ÷ (9.68% − 3%) | 1.43× |
| Value per share = multiple × tangible book per share | $12.32 |
The base value is the average of the methods kept in it:
| Method | Value |
|---|---|
| Exit multiple (P/E) | $21.67 |
| Tangible book | $12.32 |
($21.67 + $12.32) ÷ 2 = $16.99
Base value $16.99 a share
One-year price simulation: a 10% chance the price is below $12.65 and a 10% chance it is above $22.50 in a year; a 62% chance it is higher than today's $15.73, from 22.37% volatility. The simulation assumes the price drifts up at our discount rate of 9.68% a year.
| Week | Price | Base value |
|---|---|---|
| 2 Oct 2026 | $15.33 | $12.38 |
| 9 Oct 2026 | $15.32 | $12.32 |
| 16 Oct 2026 | $15.27 | $16.02 |
| 23 Oct 2026 | $15.73 | $17.39 |
| 30 Oct 2026 | $15.78 | $17.35 |
| 6 Nov 2026 | $15.47 | $17.37 |
| 12 Nov 2026 | $15.73 | $16.99 |
Data as of 12 Nov 2026; financials to 30 Sep 2026. Sources: company filings via EODHD, SEC EDGAR, US Treasury. How these values are computed. Not investment advice.
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