As of Nov 29, 2023, the Pinnacle Financial Partners stock's PE ratio is 9.41. This takes into account the latest EPS of $7.77 and stock price of $73.1. The PE ratio marks an increase of 12% from its last 4 quarters average of 8.4.
The PE ratio of Pinnacle Financial Partners has averaged 15.84 over the last ten years. The current P/E ratio of 9.41 is 41% lower than the historical average. Looking back at the last ten years, PNFP's PE ratio peaked in the Dec 2017 quarter at 24.29, when the price was $66.3 and the EPS was $2.73. The lowest point was in the Jun 2023 quarter, when it reached 7.09 with a price of $56.65 and an EPS of $7.99.
Maximum annual increase: 30.76% in 2020
Maximum annual decrease: -59.28% in 2018
Year | PE ratio | Change |
---|---|---|
2022 | 10.19 | -27.52% |
2021 | 14.06 | -11.79% |
2020 | 15.94 | 30.76% |
2019 | 12.19 | 23.26% |
2018 | 9.89 | -59.28% |
2017 | 24.29 | 3.76% |
2016 | 23.41 | 17.58% |
2015 | 19.91 | 2.21% |
2014 | 19.48 | 1.19% |
2013 | 19.25 | 14.45% |
Currently, PNFP's PE ratio is lower than its 3, 5 and 10-year averages.
In comparison to its peers RNST and TRMK, PNFP's PE ratio is lower, but it is higher than WFC's and RF's. Pinnacle Financial Partners's current PE ratio of 9.41 is similar to the average of its peers, which is 9.51.
Stock name | PE ratio | Market cap |
---|---|---|
RF Regions Financial Corp | 6.83 | $15.32B |
FHN First Horizon Corp | 7.23 | $7.07B |
WFC Wells Fargo & Company | 9.37 | $158.99B |
CFR Cullen/Frost Bankers Inc | 9.38 | $6.3B |
PNFP Pinnacle Financial Partners Inc | 9.41 | $5.61B |
RNST Renasant Corp | 9.44 | $1.54B |
TRMK Trustmark Corp | 14.81 | $1.41B |
PNFP stock has a price to earnings ratio of 9.41 as of Nov 29, 2023.
Over the last 3 years, the average price to earnings ratio for PNFP stock is 12.02.
Over the last 5 years, the average price to earnings ratio for PNFP stock is 11.43.
Over the last ten years, the quarterly PE ratio reached its highest level at 24.29 in the Dec 2017 quarter.
PNFP's price to earnings ratio is currently 41% below its 10-year historical average.
PNFP's PE ratio is low because its earnings per share (EPS) is high relative to its stock price.
You can calculate the P/E ratio by dividing the most recent stock price by the trailing twelve months EPS. As of today (Nov 29, 2023), Pinnacle Financial Partners's share price is $73.1. The company's earnings per share for the trailing twelve months (TTM) ending Sep 2023 is $7.77. Therefore, Pinnacle Financial Partners's PE ratio for today is 9.41. PE RATIO(9.41) = STOCK PRICE($73.1) / TTM EPS($7.77)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.