HSBC · bank / insurer · relative-multiples view
HSBC Holdings plc (HSBC): Valuation Snapshot
HSBC Holdings plc (HSBC) is a bank, insurer or other financial, and a discounted-cash-flow model is the wrong lens for one, so TickerWorth does not publish a DCF fair value for it. What its filings and market data do show is below. Snapshot as of Oct 19, 2026.
Model by Miraaj Patel · generated from public market data · Updated Oct 19, 2026 · How these pages are made
How is a bank like HSBC valued?
This is a bank / insurer / financial. A free-cash-flow DCF is structurally the wrong lens here (their debt and float are raw material, not financing), so we don't publish one. Our bank model (justified price-to-book) declined to value it too: the model lands at 0.3x the market price — more than three times away in one direction or the other, which says more about the inputs than about the bank, so we don't publish it. The price-to-book and price-to-earnings figures below are context for comparison, not a fair value.
Bank model (justified price-to-book)
Not published. The model lands at 0.3x the market price — more than three times away in one direction or the other, which says more about the inputs than about the bank, so we don't publish it.
What is HSBC's TickerWorth Score?
A stronger business than most — but not cheap
Compared with Financial Services companies in US
Its strongest point: a profitable, high-quality business. Its weakest: looks expensive on the numbers.
- Value · 30 of 100
Cheaper than 30% of Financial Services companies in US
- Price vs worth · 65 of 100
- Quality · 73 of 100
More profitable than 73% of Financial Services companies in US
- Financial health · 76 of 100
Financially stronger than 76% of Financial Services companies in US
- Growth · 78 of 100
Growing faster than 78% of Financial Services companies in US
- Momentum · 78 of 100
Outperformed 78% of Financial Services companies in US over the past year
Confidence: Medium confidence · Scored
Get the Undervalued Company of the Week.
- Price
- $93.23
- Market cap
- $318,
862, 655, 488 - 52-week high
- $107.92
- 52-week low
- $65.18
- Currency
- USD
- Exchange
- NYSE
Snapshot of Oct 19, 2026, quote time not published · Prices are delayed.
What we can say
HSBC Holdings plc (HSBC) is a bank, insurer or other financial, and a free-cash-flow discounted-cash-flow (DCF) model is structurally the wrong lens for it: for these businesses debt and float are raw material, not financing, so there is no meaningful 'free cash flow' to discount. Instead of a misleading intrinsic-value number, this page reads HSBC the way financials are actually valued — on relative multiples such as price-to-earnings and, above all, price-to-book — plus a plain description of where the stock trades. It is a descriptive snapshot, not a valuation, and not investment advice.
Read the full reasoning
On the numbers we do have, HSBC trades at a recent price of $93.23, a market capitalisation of about $318,862,655,488, sitting 66% of the way up its 52-week range ($65.18–$107.92), on the NYSE.
The standard alternative to a DCF is relative valuation — comparing HSBC's trading multiples against a sector benchmark. Here that gives P/E of 13.3× (in line with the peer median of 14.2×); Fwd P/E of 9.8× (cheaper than the peer median of 13.3×); P/B of 7.4× (richer than the peer median of 2.6×); P/S of 4.7× (in line with the peer median of 4.7×); Dividend yield of 4.0% (cheaper than the peer median of 1.9%). A cheaper multiple than peers can flag a discount or a market that expects weaker growth; it is a comparison, not a recommendation.
The asset, or book-value, lens is the classic tool for asset-heavy businesses and financials. HSBC shows a price-to-book (P/B) of 7.40 and book value of $12.60 per share. Price-to-book compares the market price to the accounting net-asset value per share; below 1.0 can mean a discount to net assets or that the market is pricing in trouble — descriptive either way, never a buy signal on its own.
Finally, a price-based read — explicitly not a valuation. HSBC is in a mixed trend, trading -13.6% from its 52-week high. Over the past year the stock is +44.0%. Moving-average trend and 52-week position describe where the stock has traded; they say nothing about what it is worth.
To be exact about what this page is not: we are not saying the numbers for HSBC are unavailable. They are, and they are above. We are saying a discounted-cash-flow model is the wrong instrument for this kind of business, and publishing one anyway — because the inputs happen to exist — would be a precise answer to the wrong question. Refusing is the more useful answer, and it is the same rule we apply to every name in this category.
HSBC vs peers
Sector benchmark (bellwethers, not direct competitors).
| Multiple | HSBC | Peer median | Read |
|---|---|---|---|
| P/E | 13.3× | 14.2× | in line with |
| Fwd P/E | 9.8× | 13.3× | cheaper than |
| P/B | 7.4× | 2.6× | richer than |
| P/S | 4.7× | 4.7× | in line with |
| Dividend yield | 4.0% | 1.9% | cheaper than |
What does HSBC Holdings plc do?
What does it do?
HSBC Holdings plc engages in the provision of banking and financial products and services worldwide. It operates through four segments: Hong Kong, UK, Corporate and Institutional Banking, and International Wealth and Premier Banking. It operates in the Banks - Diversified industry (Financial Services sector), headquartered in United Kingdom. The company employs roughly 206,161 people.
How does it make money?
The business turns $67.4B in annual revenue into profit. Out of every $100 of sales, about $59 is left as operating profit (operating margin of 58.8%), after a 0% gross margin on the products/services it sells. After all costs, taxes and interest, 37.8% of revenue becomes bottom-line net profit.
Is it financially healthy?
Financially it looks solid: is currently profitable.
Who at HSBC filed insider trades?
| Date | Insider | Relationship | What happened | Value | Filing |
|---|---|---|---|---|---|
| Palomaki Daniel Scott | Global Financial Controller | Open-market sale | $418,667.35 | Form 4 for Palomaki Daniel Scott (opens sec.gov in a new tab) | |
| Bingham Jonathan | Global Financial Controller | Open-market buy | $205.49 | Form 4 for Bingham Jonathan (opens sec.gov in a new tab) |
A disclosure, not a signal to trade. Source: SEC EDGAR (Form 4).
Companies we do put a number on
Not investment advice. TickerWorth Score is a model output.
A descriptive, available-data snapshot and relative comparison — NOT a DCF, NOT a price target, and NOT investment advice. TickerWorth is not a licensed investment adviser, and these figures are estimates from public market data that can be wrong, stale or incomplete.