FHN
First Horizon
PE ratio, current and historical analysis
- Stocks
- Financial Services
- NYSE: FHN
- PE Ratio
The current PE ratio for First Horizon stock as of Jun 22, 2026 is 12.28. This is calculated based on the TTM EPS of $2.02 and the stock price of $24.81 per share. The PE ratio has decreased by 3.6% from its last 4 quarters average of 12.7.
FHN PE ratio history
The average historical PE ratio of First Horizon for the last ten years is 13.15. The current price-to-earnings ratio of 12.28 is 7% less than the historical average. Analyzing the last ten years, FHN's PE ratio reached its highest point in the Jun 2018 quarter at 31.3, when the price was $17.84 and the EPS was $0.57. 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 | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 12.65 | -13.95% | $23.9 | $1.89 |
| 2024 | 14.7 | 64.06% | $20.14 | $1.37 |
| 2023 | 8.96 | -40.74% | $14.16 | $1.58 |
| 2022 | 15.12 | 62.93% | $24.5 | $1.62 |
| 2021 | 9.28 | 38.1% | $16.33 | $1.76 |
| 2020 | 6.72 | -43.58% | $12.76 | $1.9 |
| 2019 | 11.91 | 50.19% | $16.56 | $1.39 |
| 2018 | 7.93 | -73.82% | $13.16 | $1.66 |
| 2017 | 30.29 | 43.83% | $19.99 | $0.66 |
| 2016 | 21.06 | -50.69% | $20.01 | $0.95 |
| 2015 | 42.71 | 189.36% | $14.52 | $0.34 |
| 2014 | 14.76 | -88.6% | $13.58 | $0.92 |
| 2013 | 129.44 | N/A | $11.65 | $0.09 |
| 2012 | N/A | N/A | $9.91 | -$0.11 |
| 2011 | 16 | N/A | $8 | $0.5 |
First Horizon PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | 11.27 | -10.91% | $22.76 | $2.02 |
| Dec 2025 | 12.65 | -6.57% | $23.9 | $1.89 |
| Sep 2025 | 13.54 | 0.3% | $22.61 | $1.67 |
| Jun 2025 | 13.5 | 0.82% | $21.2 | $1.57 |
| Mar 2025 | 13.39 | -8.91% | $19.42 | $1.45 |
| Dec 2024 | 14.7 | 31.6% | $20.14 | $1.37 |
| Sep 2024 | 11.17 | -13.61% | $15.53 | $1.39 |
| Jun 2024 | 12.93 | 23.38% | $15.77 | $1.22 |
| Mar 2024 | 10.48 | 16.96% | $15.4 | $1.47 |
| Dec 2023 | 8.96 | 42.22% | $14.16 | $1.58 |
| Sep 2023 | 6.3 | 11.7% | $11.02 | $1.75 |
| Jun 2023 | 5.64 | -45.45% | $11.27 | $2 |
| Mar 2023 | 10.34 | -31.61% | $17.78 | $1.72 |
| Dec 2022 | 15.12 | 2.37% | $24.5 | $1.62 |
| Sep 2022 | 14.77 | 0% | $22.9 | $1.55 |
FHN Price vs fair value
FHN average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
FHN's current PE ratio is higher than the 3 and 5-year averages, but it is under its 10-year average.
PE comparison
With a price to earnings (P/E) of 12.28, FHN stands lower than the Financial Services sector and the industry average. But when looking at the Financial Services sector average of 12.78, First Horizon's price to earnings (P/E) is only 3.9% lower.
FHN PE vs peers
FHN's PE ratio is below its peer stocks PNC and PNFP.
| Stock name | PE ratio | Market cap |
|---|---|---|
| FHN First Horizon Corp | 12.35 | $11.84B |
| PNFP Pinnacle Financial Partners Inc | 13.25 | $14.51B |
| PNC Pnc Financial Services Group Inc | 13.86 | $95.84B |
Frequently asked questions
What is First Horizon's PE ratio?
As of Jun 22, 2026, FHN stock has a price to earnings ratio of 12.28.
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 11.21.
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 11.47.
What is the highest PE ratio for FHN?
Over the last ten years, the quarterly PE ratio reached its highest level at 31.3 in the Jun 2018 quarter.
How does the current PE ratio for FHN compare to its historical average?
The current PE ratio of FHN is 7% lower than the 10-year historical average.
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 (Jun 22, 2026), First Horizon's share price is $24.81. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2026 is $2.02. Therefore, First Horizon's price to earnings ratio for today is 12.28. PE RATIO(12.28) = STOCK PRICE($24.81) / TTM EPS($2.02)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.