Huntington Bancshares (MEX:HBAN) Cyclically Adjusted PB Ratio: 1.25 (As of Sep. 16, 2026) — 13% Below Median

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Director of Data and Quant Analytics at GuruFocus
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MEX:HBAN Huntington Bancshares Inc MEX:HBAN
79 GF Score
Price MXN315.00
GF Value MXN311.17
! 5 Warning Signs
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What is Huntington Bancshares Cyclically Adjusted PB Ratio?

Huntington Bancshares MEX:HBAN 79 Cyclically Adjusted PB Ratio is 1.25 as of Sep. 16, 2026, which is 13% below its 10-year median of 1.43. GuruFocus rates MEX:HBAN with a GF Score™ of 79/100 and a GF Value™ of MXN311.17. The stock has 5 warning signs investors should review. Among 1,273 Banks companies, Huntington Bancshares ranks worse than 50.12% on this metric.

As of today (2026-09-16), Huntington Bancshares's current share price is MXN315.00. Huntington Bancshares's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was MXN251.70. Huntington Bancshares's Cyclically Adjusted PB Ratio for today is 1.25.

The historical rank and industry rank for Huntington Bancshares's Cyclically Adjusted PB Ratio or its related term are showing as below:

MEX:HBAN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.83   Med: 1.43   Max: 2.01
Current: 1.3

During the past years, Huntington Bancshares's highest Cyclically Adjusted PB Ratio was 2.01. The lowest was 0.83. And the median was 1.43.

MEX:HBAN's Cyclically Adjusted PB Ratio is ranked worse than
50.12% of 1273 companies
in the Banks industry
Industry Median: 1.29 vs MEX:HBAN: 1.30

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Huntington Bancshares's adjusted book value per share data for the three months ended in Jun. 2026 was MXN257.590. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is MXN251.70 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Huntington Bancshares  (MEX:HBAN) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Huntington Bancshares Cyclically Adjusted PB Ratio Related Terms


Huntington Bancshares Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Huntington Bancshares's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Huntington Bancshares Cyclically Adjusted PB Ratio Chart

Huntington Bancshares Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.82 1.47 0.93 1.22 1.28

Huntington Bancshares Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.22 1.34 1.30 1.27 1.25

MEX:HBAN vs MTB, CFG, BAP: Cyclically Adjusted PB Ratio Comparison

For the Banks - Regional subindustry, Huntington Bancshares's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Huntington Bancshares Cyclically Adjusted PB Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Huntington Bancshares's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Huntington Bancshares's Cyclically Adjusted PB Ratio falls into.


MEX:HBAN
79GF Score
Huntington Bancshares Inc MEX:HBAN
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Huntington Bancshares Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Huntington Bancshares's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=315.00/251.704
=1.25

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Huntington Bancshares's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Huntington Bancshares's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=257.59/333.9520*333.9520
=257.590

Current CPI (Jun. 2026) = 333.9520.

Huntington Bancshares Quarterly Data

Book Value per Share CPI Adj_Book
201609 166.198 241.428 229.891
201612 175.275 241.432 242.443
201703 162.263 243.801 222.263
201706 159.124 244.955 216.937
201709 161.737 246.819 218.834
201712 177.819 246.524 240.881
201803 167.410 249.554 224.027
201806 182.793 251.989 242.249
201809 171.415 252.439 226.765
201812 186.239 251.233 247.559
201903 189.611 254.202 249.097
201906 193.719 256.143 252.565
201909 204.675 256.759 266.209
201912 196.097 256.974 254.839
202003 244.396 258.115 316.202
202006 241.153 257.797 312.391
202009 232.755 260.280 298.636
202012 211.596 260.474 271.286
202103 219.547 264.877 276.801
202106 238.404 271.696 293.032
202109 244.751 274.310 297.966
202112 244.129 278.802 292.420
202203 226.056 287.504 262.577
202206 221.204 296.311 249.304
202209 209.112 296.808 235.281
202212 210.690 296.797 237.066
202303 204.210 301.836 225.938
202306 193.717 305.109 212.030
202309 192.570 307.789 208.939
202312 198.819 306.746 216.453
202403 194.735 312.332 208.215
202406 216.150 314.175 229.756
202409 246.345 315.301 260.917
202412 254.510 315.605 269.305
202503 259.756 319.799 271.252
202506 245.811 322.561 254.492
202509 245.645 324.800 252.567
202512 248.270 324.054 255.853
202603 264.331 330.213 267.324
202606 257.590 333.952 257.590

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PB Ratio of 1.25 mean?
Huntington Bancshares (MEX:HBAN) has a Cyclically Adjusted PB Ratio of 1.25 as of Sep. 16, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Huntington Bancshares and its competitors. This is 13% below median its historical median of 1.43. Over the past decade, Huntington Bancshares' Cyclically Adjusted PB Ratio has ranged from 0.83 to 2.01. According to the industry distribution chart, Huntington Bancshares ranks #638 out of 1273 companies in the Banks industry, placing it in the top 50.1%.
Is Huntington Bancshares' Cyclically Adjusted PB Ratio too high?
Huntington Bancshares' current Cyclically Adjusted PB Ratio of 1.25 is 13% below median its 10-year median of 1.43. Over the past 10 years, this metric has ranged from a low of 0.83 to a high of 2.01. The Banks industry median Cyclically Adjusted PB Ratio is 1.29. Huntington Bancshares' value of 1.25 is 3.1% below this industry median. Based on the distribution chart, Huntington Bancshares ranks #638 out of 1273 companies in the Banks industry, which is below the industry midpoint. Overall, Huntington Bancshares has a GF Score™ of 79/100, reflecting its overall financial health beyond just this single metric.
How does Huntington Bancshares' Cyclically Adjusted PB Ratio compare to MTB and CFG?
According to the Banks industry distribution chart, Huntington Bancshares ranks #638 out of 1273 companies for Cyclically Adjusted PB Ratio. This places Huntington Bancshares in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.29. Huntington Bancshares' value of 1.25 is 3.1% below this benchmark. Historically, Huntington Bancshares' own Cyclically Adjusted PB Ratio has ranged from 0.83 to 2.01 over the past decade. While the company's 10-year median is 1.43 vs. the industry median of 1.29, Huntington Bancshares has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Banks company?
The median Cyclically Adjusted PB Ratio among Banks companies is 1.29, based on 1,273 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Huntington Bancshares's current Cyclically Adjusted PB Ratio of 1.25 is 3.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Huntington Bancshares and its competitors. For the Banks industry, the median Cyclically Adjusted PB Ratio is 1.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Huntington Bancshares's current Cyclically Adjusted PB Ratio is 1.25, which is 13% below median its own 10-year median of 1.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Huntington Bancshares stock overvalued right now?
Huntington Bancshares (MEX:HBAN) has a current Cyclically Adjusted PB Ratio of 1.25. The stock's GF Value™ is MXN311.17, compared to a current price of MXN315.00 — trading 1.2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.25, which is 13% below median its 10-year median of 1.43 and 3.1% below the Banks industry median of 1.29. Huntington Bancshares' overall GF Score™ is 79/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Huntington Bancshares (MEX:HBAN), the current Cyclically Adjusted PB Ratio is 1.25 as of Sep. 16, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Huntington Bancshares (MEX:HBAN) Overvalued in 2026?

Based on GuruFocus' analysis, Huntington Bancshares stock appears to be overvalued. The current stock price of MXN315.00 is trading 1.2% above its estimated GF Value™ of MXN311.17.

Key valuation signals for MEX:HBAN:

  • Cyclically Adjusted PB Ratio: 1.25 (13% below median its 10-year median of 1.43)
  • GF Value™: MXN311.17 vs. price of MXN315.00 (1.2% above fair value)
  • GF Score™: 79/100 with 5 warning signs
  • Industry Position: 3.1% below the Banks median (#638 of 1273)

No single metric tells the full story. See the MEX:HBAN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Huntington Bancshares Business Description

Address 41 South High Street, Columbus, OH, USA, 43287
Huntington is a regional US bank with over $285 billion in assets. It offers a full suite of consumer deposit and lending services, along with commercial services focused on payments, investment management, capital markets, equipment financing, treasury management, and other common banking services.
79GF Score

Get the complete analysis for MEX:HBAN

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN315.00
Price
MXN311.17
GF Value