Pinnacle Financial Partners (MIL:1PNFP) Cyclically Adjusted PB Ratio: (As of Aug. 03, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

MIL:1PNFP Pinnacle Financial Partners Inc MIL:1PNFP
71 GF Score
Price €75.50
GF Value €89.42
! 3 Warning Signs
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What is Pinnacle Financial Partners Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Pinnacle Financial Partners  (MIL:1PNFP) 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 2.20 1.45 1.53 1.80 1.36

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 1.64 1.36 1.36 1.18 0.00

MIL:1PNFP 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.


MIL:1PNFP
71GF Score
Pinnacle Financial Partners Inc MIL:1PNFP
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 Mar. 2026 is calculated as:

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

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=79.51/330.2130*330.2130
=79.510

Current CPI (Mar. 2026) = 330.2130.

Pinnacle Financial Partners Quarterly Data

Book Value per Share CPI Adj_Book
201606 26.629 241.018 36.484
201609 28.484 241.428 38.959
201612 30.606 241.432 41.861
201703 32.357 243.801 43.826
201706 41.439 244.955 55.862
201709 39.689 246.819 53.099
201712 40.304 246.524 53.986
201803 39.057 249.554 51.681
201806 42.049 251.989 55.102
201809 42.872 252.439 56.080
201812 44.981 251.233 59.122
201903 46.556 254.202 60.477
201906 48.063 256.143 61.962
201909 50.841 256.759 65.386
201912 51.244 256.974 65.849
202003 52.355 258.115 66.979
202006 52.460 257.797 67.196
202009 51.159 260.280 64.905
202012 50.766 260.474 64.358
202103 52.347 264.877 65.259
202106 53.269 271.696 64.742
202109 55.565 274.310 66.889
202112 59.234 278.802 70.157
202203 60.183 287.504 69.123
202206 63.126 296.311 70.348
202209 67.752 296.808 75.377
202212 65.429 296.797 72.796
202303 66.573 301.836 72.832
202306 67.710 305.109 73.281
202309 68.573 307.789 73.569
202312 69.505 306.746 74.822
202403 70.153 312.332 74.169
202406 71.671 314.175 75.330
202409 71.480 315.301 74.861
202412 76.838 315.605 80.395
202503 75.451 319.799 77.908
202506 71.778 322.561 73.481
202509 72.930 324.800 74.145
202512 38.795 324.054 39.532
202603 79.510 330.213 79.510

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 (MIL:1PNFP) Overvalued in 2026?

Based on GuruFocus' analysis, Pinnacle Financial Partners stock appears to be undervalued. The current stock price of €75.50 is trading 15.6% below its estimated GF Value™ of €89.42.

Key valuation signals for MIL:1PNFP:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €89.42 vs. price of €75.50 (15.6% below fair value)
  • GF Score™: 71/100 with 3 warning signs

No single metric tells the full story. See the MIL:1PNFP 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.
71GF Score

Get the complete analysis for MIL:1PNFP

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

€75.50
Price
€89.42
GF Value