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.
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.
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's current PE ratio is under its 3, 5 and 10-year averages.
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 |
As of Oct 2, 2023, FHN stock has a price to earnings ratio of 5.32.
As an average over the last 3 years, FHN stock has a PE ratio of 10.54.
As an average over the last 5 years, FHN stock has a PE ratio of 9.93.
Over the last ten years, the quarterly PE ratio reached its highest level at 129.44 in the Dec 2013 quarter.
The current PE ratio of FHN is 77% lower than the 10-year historical average.
FHN's PE ratio is low because the stock price is relatively cheap compared to the earnings generated by the company.
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.