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FHN First Horizon PE ratio, current and historical analysis

The current PE ratio for First Horizon stock as of Oct 2, 2023 is 5.32. This is calculated based on the TTM EPS of $2 and the stock price of $10.64 per share. The PE ratio has decreased by 54% from its last 4 quarters average of 11.5.

FHN PE ratio history

How has FHN's PE ratio performed in the past

The average historical PE ratio of First Horizon for the last ten years is 23.07. The current price-to-earnings ratio of 5.32 is 77% less than the historical average. Analyzing the last ten years, FHN's PE ratio reached its highest point in the Dec 2013 quarter at 129.44, when the price was $11.65 and the EPS was $0.09. The lowest point was recorded in the Jun 2023 quarter, when it reached 5.64 with a price of $11.27 and an EPS of $2.


First Horizon PE ratio by year

Maximum annual increase: 189.36% in 2015

Maximum annual decrease: -88.6% in 2014

Year PE ratio Change
2022 15.12 62.93%
2021 9.28 38.1%
2020 6.72 -43.58%
2019 11.91 50.19%
2018 7.93 -73.82%
2017 30.29 43.83%
2016 21.06 -50.69%
2015 42.71 189.36%
2014 14.76 -88.6%
2013 129.44 N/A

FHN average PE ratio chart

What is the average PE ratio of FHN for the past years

FHN's current PE ratio is under its 3, 5 and 10-year averages.

3-year avg
5-year avg
10-year avg
15-year avg

FHN PE vs peers

What is FHN's PE ratio compared to its peers

FHN's PE ratio is less than its peer stocks PNC and PNFP, but it is above SNV's.

Stock name PE ratio Market cap
SNV Synovus Financial Corp 5.04 $3.8B
FHN First Horizon Corp 5.19 $5.79B
PNFP Pinnacle Financial Partners Inc 7.92 $4.86B
PNC Pnc Financial Services Group Inc 8.21 $47.69B

Frequently asked questions

What is First Horizon's PE ratio?

As of Oct 2, 2023, FHN stock has a price to earnings ratio of 5.32.

What is the 3-year average PE ratio for First Horizon (FHN)?

As an average over the last 3 years, FHN stock has a PE ratio of 10.54.

What is the 5-year average PE ratio for First Horizon (FHN)?

As an average over the last 5 years, FHN stock has a PE ratio of 9.93.

What is the highest PE ratio for FHN?

Over the last ten years, the quarterly PE ratio reached its highest level at 129.44 in the Dec 2013 quarter.

How does the current PE ratio for FHN compare to its historical average?

The current PE ratio of FHN is 77% lower than the 10-year historical average.

Why is First Horizon's PE ratio so low?

FHN's PE ratio is low because the stock price is relatively cheap compared to the earnings generated by the company.

How is FHN's PE ratio calculated (First Horizon PE ratio formula)?

To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Oct 2, 2023), First Horizon's share price is $10.64. The company's earnings per share for the trailing twelve months (TTM) ending Jun 2023 is $2. Therefore, First Horizon's price to earnings ratio for today is 5.32. PE RATIO(5.32) = STOCK PRICE($10.64) / TTM EPS($2)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.