The current PE ratio for First Horizon stock as of May 3, 2024 is 10.75. This is calculated based on the TTM EPS of $1.47 and the stock price of $15.8 per share. The PE ratio has grown by 37% from its last 4 quarters average of 7.8.
The average historical PE ratio of First Horizon for the last ten years is 17.1. The current price-to-earnings ratio of 10.75 is 37% less than the historical average. Analyzing the last ten years, FHN's PE ratio reached its highest point in the Jun 2015 quarter at 54.03, when the price was $15.67 and the EPS was $0.29. 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 |
|---|---|---|
| 2023 | 8.96 | -40.74% |
| 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% |
FHN's current PE ratio is higher than the 3 and 5-year averages, but it is under its 10-year average.
FHN's PE ratio is below its peer stocks PNC and PNFP.
| Stock name | PE ratio | Market cap |
|---|---|---|
| FHN First Horizon Corp | 10.75 | $8.64B |
| PNFP Pinnacle Financial Partners Inc | 11.42 | $6.32B |
| SNV Synovus Financial Corp | 13 | $5.58B |
| PNC Pnc Financial Services Group Inc | 13.12 | $62.16B |
As of May 3, 2024, FHN stock has a price to earnings ratio of 10.75.
As an average over the last 3 years, FHN stock has a PE ratio of 10.51.
As an average over the last 5 years, FHN stock has a PE ratio of 9.91.
Over the last ten years, the quarterly PE ratio reached its highest level at 54.03 in the Jun 2015 quarter.
The current PE ratio of FHN is 37% lower than the 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), First Horizon's share price is $15.8. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $1.47. Therefore, First Horizon's price to earnings ratio for today is 10.75. PE RATIO(10.75) = STOCK PRICE($15.8) / TTM EPS($1.47)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.