COMP <GO>

PNC vs HSBC // EV/EBITDA & P/E VALUATION

PNC Financial Services Group Inc. (The) (NYSE) VS. HSBC Holdings plc. (NYSE) • 15-METRIC TALLY: PNC 4 — HSBC 8

▲ EV/EBITDA & P/E VALUATION LEADER: HSBC

LAST: $227.86 (-1.71%) • MKT CAP: $92.49B

valuation

58.3x

LAST: $85.42 (-1.36%) • MKT CAP: $297.33B

valuation

21.0x

15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (PNC VS. HSBC) EMERALD CELL = QUANTITATIVE EDGE

INSTITUTIONAL METRIC	PNC	HSBC	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	41.00%	41.00%	0.00	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	1.20%	9.90%	-8.70	HSBC	/roic <GO>
EV/EBITDA & P/E Valuation ACTIVE	58.3x	21.0x	+37.30	HSBC	/valuation <GO>
Free Cash Flow Yield	3.62%	2.21%	+1.41	PNC	/fcf-yield <GO>
Operating Margin	13.90%	13.90%	0.00	TIE	/operating-margins <GO>
Net Profit Margin	10.90%	10.90%	0.00	TIE	/net-margins <GO>
Revenue Growth (YoY)	7.20%	23.10%	-15.90	HSBC	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	2.85%	0.00%	+2.85	PNC	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	0.45	3.74	-3.29	HSBC	/balance-sheet <GO>
Piotroski F-Score Quality	7/9	8/9	-1.00	HSBC	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	6.50%	6.60%	-0.10	PNC	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	54.2	25.0	+29.24	PNC	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	0.89	0.92	-0.03	HSBC	/macro-sensitivity <GO>
Forward P/E Multiple	34.2x	27.6x	+6.60	HSBC	/forward-pe <GO>
Enterprise Scale & Market Cap	$92.49B	$297.33B	-$204.84B	HSBC	/market-cap <GO>

5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY

FISCAL YEAR	PNC REV	HSBC REV	PNC GROSS %	HSBC GROSS %	PNC FCF	HSBC FCF
FY 2025	$23.10B	—	44.0%	—	$3.34B	—
FY 2024	$21.55B	—	44.0%	—	$6.91B	—
FY 2023	$21.49B	—	44.0%	—	$9.14B	—

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

PNC // BETA 0.89

HSBC // BETA 0.92