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First Horizon Shiller PE Ratio

: 20.94 (As of Today)
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As of today (2021-04-18), First Horizon's current share price is $17.590000. First Horizon's E10 for the quarter that ended in Dec. 2020 was $0.84. First Horizon's Shiller PE Ratio for today is 20.94.

NYSE:FHN' s Shiller PE Ratio Range Over the Past 10 Years
Min: 4.32   Med: 17.54   Max: 343
Current: 20.95

4.32
343

During the past years, First Horizon's highest Shiller PE Ratio was 343.00. The lowest was 4.32. And the median was 17.54.

NYSE:FHN's Shiller PE Ratio is ranked lower than
78% of the 1092 Companies
in the Banks industry.

( Industry Median: 13.69 vs. NYSE:FHN: 20.95 )

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 Dec. 2020 was $0.420. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $0.84 for the trailing ten years ended in Dec. 2020.

Shiller PE for Stocks: The True Measure of Stock Valuation


First Horizon Shiller PE Ratio Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.

* Premium members only.

First Horizon Annual Data
Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Shiller PE Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 327.36 40.24 25.76 15.20

First Horizon Quarterly Data
Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
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 25.76 12.28 14.67 12.26 15.20

Competitive Comparison
* 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.


First Horizon Shiller PE Ratio Distribution

* The bar in red indicates where First Horizon's Shiller PE Ratio falls into.



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
=17.590000/0.84
=20.94

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.

First Horizon's E10 for the quarter that ended in Dec. 2020 is calculated as:

For example, First Horizon's adjusted earnings per share data for the three months ended in Dec. 2020 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Dec. 2020 (Change)*Current CPI (Dec. 2020)
=0.42/110.3642*110.3642
=0.420

Current CPI (Dec. 2020) = 110.3642.

First Horizon Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201103 0.150 94.890 0.174
201106 0.080 95.319 0.093
201109 0.140 95.529 0.162
201112 0.130 95.632 0.150
201203 0.120 97.075 0.136
201206 -0.500 96.661 -0.571
201209 0.100 97.595 0.113
201212 0.167 97.158 0.190
201303 0.170 98.107 0.191
201306 0.170 98.557 0.190
201309 -0.450 98.536 -0.504
201312 0.210 98.692 0.235
201403 0.190 100.023 0.210
201406 0.330 100.520 0.362
201409 0.190 100.176 0.209
201412 0.198 98.604 0.222
201503 -0.330 99.824 -0.365
201506 0.220 100.691 0.241
201509 0.250 100.346 0.275
201512 0.200 99.957 0.221
201603 0.200 100.947 0.219
201606 0.240 101.524 0.261
201609 0.270 101.988 0.292
201612 0.230 102.456 0.248
201703 0.230 103.167 0.246
201706 0.380 103.278 0.406
201709 0.280 104.070 0.297
201712 -0.200 104.578 -0.211
201803 0.270 105.708 0.282
201806 0.250 106.324 0.259
201809 0.830 106.695 0.859
201812 0.300 106.200 0.312
201903 0.310 107.818 0.317
201906 0.350 108.250 0.357
201909 0.350 108.577 0.356
201912 0.370 108.841 0.375
202003 0.040 108.173 0.041
202006 0.170 109.318 0.172
202009 0.950 109.861 0.954
202012 0.420 110.364 0.420

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


First Horizon Shiller PE Ratio Headlines

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