Is Huntington Bancshares Incorporated (HBAN) Undervalued?
Based on the current stock price of $17.74 and a P/E ratio of 12.41,Huntington Bancshares Incorporated has a PEG ratio of 0.62.
The Short Answer:
Most analysts consider a PEG ratio below 1.0 to be undervalued. With a ratio of 0.62, HBAN appears to be potentially undervalued relative to its growth rate of 20.12%.
Based on a PEG ratio of 0.53 (adjusted for dividends).
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How we analyzed HBAN
We calculated the PEG (Price/Earnings-to-Growth) ratio by taking the Price-to-Earnings Ratio of 12.41and dividing it by the annual growth rate of 20.12%.
PEG = 12.41 (P/E) ÷ 20.12 (Growth) = 0.62
Frequently Asked Questions about HBAN
What is the current PEG Ratio for Huntington Bancshares Incorporated (HBAN)?+
The current PEG Ratio for Huntington Bancshares Incorporated is 0.62. A PEG ratio below 1.0 generally suggests the stock may be undervalued relative to its growth.
Is HBAN stock undervalued right now?+
Based on the PEG ratio of 0.62, Huntington Bancshares Incorporated appears to be potentially undervalued. Investors typically look for a PEG ratio below 1.0 to find undervalued growth stocks.
What is the PEGY Ratio for HBAN?+
The PEGY ratio for Huntington Bancshares Incorporated is 0.53. This metric accounts for dividend yield (3.49%), providing a more complete valuation picture.