In a 51‑year‑old man receiving testosterone therapy with free testosterone 214 pg/mL, total testosterone 692 ng/dL, low sex hormone‑binding globulin (15.7 nmol/L) and low dehydroepiandrosterone sulfate (263.7 µg/dL), does the low SHBG indicate impaired conversion of testosterone?

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Understanding Low SHBG in the Context of Testosterone Therapy

Low SHBG (15.7 nmol/L) does not indicate impaired testosterone "conversion"—it reflects increased metabolic clearance and tissue delivery of testosterone, commonly driven by obesity, insulin resistance, or metabolic syndrome. 1


What Low SHBG Actually Means

SHBG is a binding protein, not an enzyme—it does not "convert" testosterone. Instead, it regulates how much testosterone circulates in the free (bioavailable) form versus the protein-bound (inactive) form. 2, 3

Key Physiological Points:

  • Low SHBG increases free testosterone availability because less testosterone is tightly bound, allowing more to circulate as free or albumin-bound (bioavailable) testosterone. 2, 4
  • Common causes of low SHBG include obesity, insulin resistance, metabolic syndrome, type 2 diabetes, hypothyroidism, and exogenous testosterone or anabolic steroid use. 1
  • Your patient's low SHBG (15.7 nmol/L) is likely driven by metabolic factors (obesity, insulin resistance) or by the exogenous testosterone itself, which suppresses hepatic SHBG production. 1

Interpreting the Testosterone Panel

Total Testosterone = 692 ng/dL

  • This is mid-normal and appropriate for testosterone replacement therapy (target 450–600 ng/dL). 5, 6

Free Testosterone = 214 pg/mL

  • This value appears elevated for a man with total testosterone of 692 ng/dL, because low SHBG allows more testosterone to circulate unbound. 2, 4
  • Low SHBG artificially elevates free testosterone relative to total testosterone. 2, 4
  • This is not a "conversion" problem—it reflects increased bioavailability of testosterone due to reduced binding capacity. 2, 3

DHEA-S = 263.7 µg/dL

  • DHEA-S is produced by the adrenal glands and does not aid in diagnosing hypogonadism or assessing testosterone metabolism. 7
  • Functional medicine targets of 350–500 µg/dL for men are not evidence-based. DHEA-S declines naturally with age and does not require supplementation in the absence of adrenal insufficiency. 7
  • Do not supplement DHEA based on this value alone—it is irrelevant to testosterone therapy outcomes. 7

Clinical Implications of Low SHBG on Testosterone Therapy

1. Low SHBG Increases Free Testosterone Exposure

  • With low SHBG, a given total testosterone level yields higher free testosterone than expected. 2, 4
  • This means your patient is receiving adequate—or even supraphysiologic—free testosterone exposure despite a mid-normal total testosterone. 2, 3

2. Low SHBG Does Not Indicate "Poor Conversion"

  • Testosterone does not "convert" via SHBG. SHBG is a carrier protein, not an enzyme. 2, 3
  • The low SHBG reflects metabolic factors (obesity, insulin resistance) or suppression by exogenous testosterone. 1

3. Low SHBG May Increase Metabolic Clearance

  • Low SHBG is associated with faster testosterone metabolism and clearance, which can cause fluctuations in testosterone levels between injections. 8
  • This may explain why some patients with low SHBG experience symptom recurrence before their next injection. 8

Addressing the Low SHBG: Treatment Algorithm

Step 1: Optimize Metabolic Health

  • Weight loss through calorie restriction and regular exercise is first-line therapy for obesity-associated low SHBG and secondary hypogonadism. 5
  • Target 5–10% body weight reduction, which can increase SHBG and improve endogenous testosterone production. 5
  • Optimize diabetes control if present: intensify therapy with GLP-1 receptor agonists or SGLT2 inhibitors, which provide cardiovascular benefits and improve insulin sensitivity. 5

Step 2: Consider Switching Testosterone Formulation

  • If the patient experiences symptom recurrence before the next injection (due to rapid clearance from low SHBG), switch from injectable testosterone to transdermal gel. 5, 6
  • Transdermal testosterone provides more stable day-to-day levels and avoids the peaks and troughs seen with injections, which may be exaggerated in men with low SHBG. 5, 6

Step 3: Monitor for Erythrocytosis

  • Low SHBG increases free testosterone exposure, which may increase the risk of erythrocytosis (hematocrit >54%). 5
  • Monitor hematocrit at each visit—withhold testosterone if >54% and consider phlebotomy in high-risk cases. 5

Step 4: Reassess DHEA-S—Do Not Supplement

  • DHEA-S does not aid in diagnosing hypogonadism or assessing testosterone therapy outcomes. 7
  • Functional medicine targets of 350–500 µg/dL are not evidence-based. 7
  • Do not supplement DHEA unless adrenal insufficiency is confirmed. 7

Common Pitfalls to Avoid

1. Do Not Interpret Low SHBG as "Poor Conversion"

  • SHBG is a binding protein, not an enzyme—it does not "convert" testosterone. 2, 3
  • Low SHBG increases free testosterone availability, not decreases it. 2, 4

2. Do Not Supplement DHEA Based on Functional Medicine Targets

  • DHEA-S does not aid in diagnosing hypogonadism or assessing testosterone therapy outcomes. 7
  • Functional medicine targets are not evidence-based. 7

3. Do Not Ignore Metabolic Factors Driving Low SHBG

  • Obesity, insulin resistance, and metabolic syndrome are the primary drivers of low SHBG. 1
  • Weight loss and metabolic optimization are first-line therapies. 5

4. Do Not Overlook Erythrocytosis Risk

  • Low SHBG increases free testosterone exposure, which may increase the risk of erythrocytosis. 5
  • Monitor hematocrit at each visit—withhold testosterone if >54%. 5

Summary Algorithm

  1. Low SHBG increases free testosterone availability—it does not indicate "poor conversion." 2, 4
  2. Optimize metabolic health: weight loss, exercise, and diabetes control are first-line therapies. 5
  3. Consider switching to transdermal testosterone if symptom recurrence occurs between injections. 5, 6
  4. Monitor hematocrit at each visit—withhold testosterone if >54%. 5
  5. Do not supplement DHEA based on functional medicine targets—it is not evidence-based. 7

References

Guideline

Guideline Directed Topic Overview

Dr.Oracle Medical Advisory Board & Editors, 2025

Research

[Variations in the concentration of the sex hormone binding globulin is a major factor causing a variation in total testosterone values].

Endocrinologia y nutricion : organo de la Sociedad Espanola de Endocrinologia y Nutricion, 2009

Guideline

Testosterone Injection Treatment for Male Hypogonadism

Praxis Medical Insights: Practical Summaries of Clinical Guidelines, 2026

Guideline

Target Testosterone Level in Testosterone Replacement Therapy (TRT)

Praxis Medical Insights: Practical Summaries of Clinical Guidelines, 2026

Guideline

Diagnostic Approach and Management of Hypogonadism

Praxis Medical Insights: Practical Summaries of Clinical Guidelines, 2025

Research

Testosterone and ill-health in aging men.

Nature clinical practice. Endocrinology & metabolism, 2009

Professional Medical Disclaimer

This information is intended for healthcare professionals. Any medical decision-making should rely on clinical judgment and independently verified information. The content provided herein does not replace professional discretion and should be considered supplementary to established clinical guidelines. Healthcare providers should verify all information against primary literature and current practice standards before application in patient care. Dr.Oracle assumes no liability for clinical decisions based on this content.

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