Pinnacle Financial Partners (FRA:PFZ0) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:PFZ0 Pinnacle Financial Partners Inc FRA:PFZ0
70 GF Score
Price €82.50
GF Value €107.83
! 4 Warning Signs
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What is Pinnacle Financial Partners Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Pinnacle Financial Partners  (FRA:PFZ0) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Pinnacle Financial Partners Cyclically Adjusted PB Ratio Related Terms


Pinnacle Financial Partners Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Pinnacle Financial Partners's Cyclically Adjusted PB 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.

Pinnacle Financial Partners Cyclically Adjusted PB Ratio Chart

Pinnacle Financial Partners Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.19 1.50 1.52 1.83 1.30

Pinnacle Financial Partners Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial 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 1.53 1.29 1.33 1.12 1.30

FRA:PFZ0 vs EWBC, WBS, FHN: Cyclically Adjusted PB Ratio Comparison

For the Banks - Regional subindustry, Pinnacle Financial Partners's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB 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.


Pinnacle Financial Partners Cyclically Adjusted PB Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Pinnacle Financial Partners's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Pinnacle Financial Partners's Cyclically Adjusted PB Ratio falls into.


FRA:PFZ0
70GF Score
Pinnacle Financial Partners Inc FRA:PFZ0
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Pinnacle Financial Partners Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Pinnacle Financial Partners's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Pinnacle Financial Partners's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=81.367/333.9520*333.9520
=81.367

Current CPI (Jun. 2026) = 333.9520.

Pinnacle Financial Partners Quarterly Data

Book Value per Share CPI Adj_Book
201609 28.446 241.428 39.348
201612 30.609 241.432 42.339
201703 32.357 243.801 44.322
201706 40.824 244.955 55.656
201709 40.015 246.819 54.141
201712 39.721 246.524 53.808
201803 39.158 249.554 52.401
201806 42.098 251.989 55.791
201809 43.089 252.439 57.003
201812 44.775 251.233 59.517
201903 46.873 254.202 61.578
201906 47.672 256.143 62.153
201909 51.336 256.759 66.770
201912 50.682 256.974 65.864
202003 52.724 258.115 68.215
202006 52.574 257.797 68.105
202009 51.392 260.280 65.938
202012 50.508 260.474 64.756
202103 53.031 264.877 66.860
202106 54.128 271.696 66.531
202109 56.394 274.310 68.655
202112 58.823 278.802 70.459
202203 59.588 287.504 69.215
202206 63.841 296.311 71.951
202209 68.463 296.808 77.031
202212 64.982 296.797 73.117
202303 65.573 301.836 72.550
202306 67.205 305.109 73.558
202309 69.165 307.789 75.044
202312 68.616 306.746 74.702
202403 70.587 312.332 75.473
202406 71.988 314.175 76.520
202409 71.085 315.301 75.290
202412 77.700 315.605 82.217
202503 75.513 319.799 78.855
202506 70.528 322.561 73.019
202509 72.852 324.800 74.905
202512 74.808 324.054 77.093
202603 79.393 330.213 80.292
202606 81.367 333.952 81.367

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

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.

Is Pinnacle Financial Partners (FRA:PFZ0) Overvalued in 2026?

Based on GuruFocus' analysis, Pinnacle Financial Partners stock appears to be undervalued. The current stock price of €82.50 is trading 23.5% below its estimated GF Value™ of €107.83.

Key valuation signals for FRA:PFZ0:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €107.83 vs. price of €82.50 (23.5% below fair value)
  • GF Score™: 70/100 with 4 warning signs

No single metric tells the full story. See the FRA:PFZ0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Pinnacle Financial Partners Business Description

Other Exchanges PNFPpC.PFD:USAPNFP:USA
Address 3400 Overton Park Drive, Atlanta, GA, USA, 30339
Pinnacle Financial Partners Inc is a financial holding company. The company operates through its wholly-owned subsidiary, Pinnacle Bank. The bank provides a full range of lending products, including commercial, real estate, and consumer loans to individuals and small to medium-sized businesses. It operates as a community bank mainly in the urban markets of Nashville, Knoxville, Memphis, and Chattanooga, Tennessee, as well as surrounding counties. It relies heavily on mergers and acquisitions. A majority of its loan portfolio is in commercial loans, mainly real estate, as well as industrial loans. The bank generates a majority of its net revenue through net interest income.
70GF Score

Get the complete analysis for FRA:PFZ0

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€82.50
Price
€107.83
GF Value