As of Jul 26, 2024, the Renasant stock's price-to-earnings ratio is 15.08. This results from the current EPS of $2.46 and stock price of $37.09. The PE ratio has increased by 39% from the past four quarters average of 10.9.
The PE ratio of Renasant has averaged 14.79 over the last ten years. The current P/E ratio of 15.08 is similar to the historical average. In the past ten years, RNST's PE ratio peaked in the Dec 2020 quarter at 22.6, when the stock price was $33.68 and the EPS was $1.49. The lowest point was in the Jun 2023 quarter, when it reached 8.74 with a price of $26.13 and an EPS of $2.99.
Maximum annual increase: 84.34% in 2020
Maximum annual decrease: -48.07% in 2018
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 13.05 | 3.08% |
| 2022 | 12.66 | 4.46% |
| 2021 | 12.12 | -46.37% |
| 2020 | 22.6 | 84.34% |
| 2019 | 12.26 | 13.73% |
| 2018 | 10.78 | -48.07% |
| 2017 | 20.76 | 7.18% |
| 2016 | 19.37 | 6.37% |
| 2015 | 18.21 | 18.94% |
| 2014 | 15.31 | -40.15% |
The current PE ratio of RNST is higher than its 3, 5 and 10-year historical averages.
RNST's PE ratio stands lower than its peer stock FCBC, but it is higher than RF's and FHN's. Renasant is presently trading at a higher PE ratio (15.08) than its peer group average of 13.61.
| Stock name | PE ratio | Market cap |
|---|---|---|
| FHN First Horizon Corp | 11.65 | $9.37B |
| FBMS First Bancshares Inc | 12.03 | $961.54M |
| RF Regions Financial Corp | 12.37 | $20.84B |
| TRMK Trustmark Corp | 13.78 | $2.17B |
| PNFP Pinnacle Financial Partners Inc | 13.94 | $7.55B |
| CFR Cullen/Frost Bankers Inc | 14.6 | $7.67B |
| RNST Renasant Corp | 15.08 | $2.09B |
| FCBC First Community Bankshares Inc | 16.91 | $822.42M |
RNST's price to earnings ratio is 15.08 as of Jul 26, 2024.
The 3-year average price to earnings ratio for RNST stock is 11.28.
The 5-year average price to earnings ratio for RNST stock is 12.63.
In the last ten years, the Dec 2020 quarter recorded the highest quarterly PE ratio at 22.6.
RNST's price to earnings ratio is currently 2% above its 10-year historical average.
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Jul 26, 2024), Renasant's stock price is $37.09. The earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $2.46. Therefore, Renasant's PE ratio for today is 15.08. PE RATIO(15.08) = STOCK PRICE($37.09) / TTM EPS($2.46)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.