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Horizon Bancorp price to book ratio HBNC

Market value divided by the book value of the company's net assets, since 2011.

Today, Oct 23, 2026
1.4×
10-year median
1.2×
Against its 10-year history
79th
percentile: 0 is its lowest day, 100 its highest
10-year range
0.5× to 2.0×
Peer median
1.3×

Horizon Bancorp's price to book ratio is 1.4× as of Oct 23, 2026.

That is above its ten-year median of 1.2×, higher than on 79% of days in the last ten years.

Over that time it ranged from 0.5× in May 2023 to 2.0× in Feb 2018.

The median for 10 regional banks of a similar size is 1.3×.

Price to book ratio over time

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

YearEnd of yearLowHigh
2026 so far1.4×1.2×1.5×
20251.4×0.7×1.4×
20240.9×0.7×1.1×
20230.9×0.5×1.1×
20221.0×1.0×1.4×
20211.3×1.0×1.3×
20201.0×0.5×1.3×
20191.3×1.1×1.4×
20181.3×1.2×2.0×
20171.8×1.6×1.8×
20161.8×1.0×1.8×
20151.3×1.1×1.3×
20141.3×1.0×1.3×
20131.4×1.0×1.4×
20121.1×0.5×1.1×
20110.5×0.4×0.5×

Against its peers

Companies in Banks - Regional nearest Horizon Bancorp's size, closest first, today.

CompanyPrice to book ratio
HBNCHorizon Bancorp1.4×
CCNECNB Financial1.2×
CFFNCapitol Federal Financial1.0×
MBWMMercantile Bank1.4×
BFSTBusiness First Bancshares1.0×
MCBSMetroCity Bankshares1.8×
FSBCFive Star Bancorp2.3×
NBBKNB Bancorp1.2×
EQBKEquity Bancshares1.2×
CPFCentral Pacific Financial1.6×
TRSTTrustco Bank Corp N Y1.4×
Peer median1.3×

What the price to book ratio tells you

Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.

Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.

More on Horizon Bancorp

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.