As of May 3, 2024, the Renasant stock's price-to-earnings ratio is 11.66. This results from the current EPS of $2.58 and stock price of $30.09. The PE ratio has increased by 16% from the past four quarters average of 10.1.
The PE ratio of Renasant has averaged 14.95 over the last ten years. The current P/E ratio of 11.66 is 22% lower than 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-year historical average, but it is lower than the 5 and 10-year averages.
RNST's PE ratio stands lower than its peer stocks CFR and FCBC, but it is higher than RF's and FHN's. Renasant is presently trading at a higher PE ratio (11.66) than its peer group average of 11.29.
| Stock name | PE ratio | Market cap |
|---|---|---|
| RF Regions Financial Corp | 9.38 | $18.19B |
| FBMS First Bancshares Inc | 10.28 | $773.51M |
| FHN First Horizon Corp | 10.75 | $8.64B |
| TRMK Trustmark Corp | 11.39 | $1.89B |
| PNFP Pinnacle Financial Partners Inc | 11.42 | $6.32B |
| RNST Renasant Corp | 11.66 | $1.69B |
| CFR Cullen/Frost Bankers Inc | 12.52 | $6.81B |
| FCBC First Community Bankshares Inc | 13.4 | $651.73M |
RNST's price to earnings ratio is 11.66 as of May 3, 2024.
The 3-year average price to earnings ratio for RNST stock is 11.4.
The 5-year average price to earnings ratio for RNST stock is 12.6.
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 22% below 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 (May 3, 2024), Renasant's stock price is $30.09. The earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $2.58. Therefore, Renasant's PE ratio for today is 11.66. PE RATIO(11.66) = STOCK PRICE($30.09) / TTM EPS($2.58)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.