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First Horizon (NYSE:FHN) Shiller PE Ratio

: 20.27 (As of Today)
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As of today (2023-01-31), First Horizon's current share price is $24.73. First Horizon's E10 for the quarter that ended in Sep. 2022 was $1.22. First Horizon's Shiller PE Ratio for today is 20.27.

The historical rank and industry rank for First Horizon's Shiller PE Ratio or its related term are showing as below:

FHN' s Shiller PE Ratio Range Over the Past 10 Years
Min: 6.54   Med: 20.08   Max: 343
Current: 20.27

During the past years, First Horizon's highest Shiller PE Ratio was 343.00. The lowest was 6.54. And the median was 20.08.

FHN's Shiller PE Ratio is ranked worse than
88.66% of 1085 companies
in the Banks industry
Industry Median: 11.36 vs FHN: 20.27

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

First Horizon's adjusted earnings per share data for the three months ended in Sep. 2022 was $0.450. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $1.22 for the trailing ten years ended in Sep. 2022.

Shiller PE for Stocks: The True Measure of Stock Valuation


First Horizon Shiller PE Ratio Historical Data

The historical data trend for First Horizon's Shiller PE Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

First Horizon Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Shiller PE Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 40.25 25.81 15.23 16.12 -

First Horizon Quarterly Data
Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
Shiller PE Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16.12 22.09 18.38 18.71 -

Competitive Comparison

For the Banks - Regional subindustry, First Horizon's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

First Horizon Shiller PE Ratio Distribution

For the Banks industry and Financial Services sector, First Horizon's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where First Horizon's Shiller PE Ratio falls in comparison to its industry or sector. The grey bar indicates the Shiller PE Ratio's extreme value range as defined by GuruFocus.



First Horizon Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

First Horizon's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=24.73/1.22
=20.27

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

First Horizon's E10 for the quarter that ended in Sep. 2022 is calculated as:

For example, First Horizon's adjusted earnings per share data for the three months ended in Sep. 2022 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Sep. 2022 (Change)*Current CPI (Sep. 2022)
=0.45/125.2265*125.2265
=0.450

Current CPI (Sep. 2022) = 125.2265.

First Horizon Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201212 0.167 96.871 0.216
201303 0.170 98.209 0.217
201306 0.170 98.518 0.216
201309 -0.450 98.790 -0.570
201312 0.210 98.326 0.267
201403 0.190 99.695 0.239
201406 0.330 100.560 0.411
201409 0.190 100.428 0.237
201412 0.198 99.070 0.250
201503 -0.330 99.621 -0.415
201506 0.220 100.684 0.274
201509 0.250 100.392 0.312
201512 0.200 99.792 0.251
201603 0.200 100.470 0.249
201606 0.240 101.688 0.296
201609 0.270 101.861 0.332
201612 0.230 101.863 0.283
201703 0.230 102.862 0.280
201706 0.380 103.349 0.460
201709 0.280 104.136 0.337
201712 -0.200 104.011 -0.241
201803 0.270 105.290 0.321
201806 0.250 106.317 0.294
201809 0.830 106.507 0.976
201812 0.300 105.998 0.354
201903 0.310 107.251 0.362
201906 0.350 108.070 0.406
201909 0.350 108.329 0.405
201912 0.370 108.420 0.427
202003 0.040 108.902 0.046
202006 0.170 108.767 0.196
202009 0.950 109.815 1.083
202012 0.420 109.897 0.479
202103 0.400 111.754 0.448
202106 0.530 114.631 0.579
202109 0.410 115.734 0.444
202112 0.400 117.630 0.426
202203 0.340 121.301 0.351
202206 0.290 125.017 0.290
202209 0.450 125.227 0.450

Add all the adjusted EPS together and divide 10 will get our E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


First Horizon  (NYSE:FHN) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


First Horizon Shiller PE Ratio Related Terms

Thank you for viewing the detailed overview of First Horizon's Shiller PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


First Horizon (NYSE:FHN) Business Description

First Horizon logo
Address
165 Madison Avenue, Memphis, TN, USA, 38103
First Horizon Corp is the parent company of First Tennessee Bank, a prominent regional bank with about 200 branches around Tennessee. The regional bank is responsible for roughly 65% of its revenue, while capital markets make a 25% contribution. The remainder is split between the firm's non-strategic (wind-down) and corporate operations. First Horizon concentrates on offering a variety of banking products mainly in its home state, where it has the second- largest deposit franchise with a 13% deposit market share.
Executives
Hope Dmuchowski officer: Sr. EVP & CFO 165 MADISON AVE, MEMPHIS TN 38103
John N Casbon director 200 WEST CONGRESS STREET, LAFAYETTE LA 70501
Tammy Locascio officer: Sr. EVP, Chief HR Officer 165 MADISON AVE, MEMPHIS TN 38103
Kemp Sr James Michael director 200 WEST CONGRESS STREET, LAFAYETTE LA 70501
Ricky E Maples director 200 WEST CONGRESS STREET, LAFAYETTE LA 70501
Terry Lawson Akins officer: Sr. EVP, Chief Risk Officer 200 WEST CONGRESS STREET, LAFAYETTE LA 70501
Elizabeth A Ardoin officer: SEVP, Chief Communications Ofc 200 WEST CONGRESS STREET, LAFAYETTE LA 70501
Rosa Sugranes director 2975 N.W. 77TH AVE, DORAL FL 33132
Anthony J Restel officer: SEVP Chief Operating Officer 200 WEST CONGRESS STREET, LAFAYETTE LA 70501
Shea E Stewart Iii director 200 WEST CONGRESS STREET, LAFAYETTE LA 70501
William H Fenstermaker director 200 WEST CONGRESS STREET, LAFAYETTE LA 70501
Daryl G Byrd director, officer: Executive Chairman of Board 200 WEST CONGRESS STREET, LAFAYETTE LA 70501
Barton Harry V Jr director 200 WEST CONGRESS STREET, LAFAYETTE LA 70501
Michael J Brown officer: President - Regional Banking 200 WEST CONGRESS STREET, LAFAYETTE LA 70501
Wendy P Davidson director 2210 WEST OAKLAWN DRIVE, SPRINGDALE AR 72762

First Horizon (NYSE:FHN) Headlines

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