NASDAQ:TMUS 29 May 2025

March 12, 2026, 12:02 AM EDT. HSBC Holdings (LSE:HSBA) shares have surged nearly 58% over the past year but faced a recent 1.4% drop in the last week and 3.5% over the past month. The bank's share price now raises questions about value amid shifts in global banking regulations, interest rates, and capital returns. Our valuation analysis scores HSBC 2 out of 6, reflecting mixed signals. An Excess Returns model, factoring in future earnings and book value, estimates an intrinsic value of £20.69 per share, suggesting a 38.5% discount to current prices and potential undervaluation. This model looks at profits exceeding required shareholder returns over time, indicating an opportunity despite recent rallies. Investors should consider these fundamentals alongside sector dynamics before deciding.