Using the PEG framework with analyst consensus forward EPS growth of 21.3% plus 4.0% dividend yield, Huntington Bancshares Incorporated has a fair value of $32.08 based on NTM EPS (FY2026) of $1.50. The current PEG ratio is 0.48.
PEG < 1 = bargain, 1–1.5 = fair, > 2 = expensive.
PEG is most informative for high-growth companies — the PEG sweet spot.
| EPS Growth RateForward | 17.4% |
| Dividend Yield | +4.0% |
| Adjusted Growth (clamped 8–25%) | 21.3% |
| Fair P/E | 21.3x |
| NTM EPS (FY2026) | $1.50 |
| Fair Value | $32.08 |
| Period | EPS Est. | Growth | Analysts |
|---|---|---|---|
| FY2025 (actual) | $1.39 | — | — |
| FY2026E | $1.50 | +8.1% | 6 |
| FY2027E | $1.92 | +27.4% | 7 |
2Y Forward EPS CAGR: 17.4%
| Year | Net Income | EPS | YoY |
|---|---|---|---|
| FY2021 | $1.3B | $0.90 | — |
| FY2022 | $2.2B | $1.45 | +61.1% |
| FY2023 | $2.0B | $1.24 | -14.5% |
| FY2024 | $1.9B | $1.22 | -1.6% |
| FY2025 | $2.2B | $1.39 | +13.9% |
4Y Historical EPS CAGR: 11.5%
The PEG Fair Value uses the Price/Earnings-to-Growth framework. A stock is fairly valued when its P/E ratio equals its earnings growth rate (PEG = 1.0). This model adds dividend yield to the growth rate per the original PEGY formula.
Growth rate priority: analyst consensus forward EPS CAGR (when ≥ 3 analysts cover the stock), falling back to historical EPS CAGR. Using EPS rather than net income avoids distortion from share buybacks. The growth rate is clamped between 8% and 25% — below 8% would undervalue stable earners, while above 25% would overvalue unsustainable spikes.