What is Sex Hormone-Binding Globulin (SHBG), Serum?
Sex hormone-binding globulin is a homodimeric 90 kDa beta-globulin glycoprotein synthesised primarily by hepatocytes, with each dimer capable of binding one molecule of steroid hormone with high affinity — testosterone, DHT (the highest affinity), and estradiol binding at the same steroid-binding domain with decreasing affinity respectively. SHBG binds approximately 44–65% of circulating testosterone in males (with somewhat variable values cited across studies) and a higher proportion in females, where total testosterone concentrations are lower and SHBG concentrations often higher due to oestrogen exposure. Hepatic SHBG synthesis is strongly upregulated by oestrogens, thyroid hormones (T3), and growth hormone, and strongly downregulated by androgens, insulin, insulin-like growth factor-1 (IGF-1), and glucocorticoids. This regulatory profile makes SHBG a sensitive metabolic barometer — it falls with insulin resistance and rises with oestrogen exposure or thyroid axis activation — providing clinically important interpretive context for total testosterone and free testosterone calculations.