HBAN Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 30.06.2026	Q1 '26 31.03.2026	Q4 '25 31.12.2025
Market & Enterprise Value
Market Cap	30.95B EUR	35.82B EUR	31.72B EUR	27.2B EUR
Enterprise Value	39.88B EUR	41.63B EUR	35.51B EUR	31.58B EUR
Valuation Multiples
Trailing P/E	11.78x	14.94x	14.37x	16.15x
Forward P/E	8.66x	--	--	--
Price to Sales	3.37x	3.7x	3.61x	4.38x
Price to Book	1.04x	1.1x	0.98x	1.12x
EV/Revenue	4.35x	4.3x	4.04x	5.08x
EV/EBITDA	--	--	--	--
Price to FCF (P/FCF)	--	13.35x	14.71x	15.49x
EV/FCF	--	15.52x	16.47x	17.99x
FCF Yield	--	7.49%	6.8%	6.46%