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

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
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.

MIL:1PNFP Pinnacle Financial Partners Inc MIL:1PNFP
70 GF Score
Price €75.50
GF Value €96.08
! 4 Warning Signs
View Full Analysis

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 1.35

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
70GF 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 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)
=81.137/333.9520*333.9520
=81.137

Current CPI (Jun. 2026) = 333.9520.

Pinnacle Financial Partners Quarterly Data

Book Value per Share CPI Adj_Book
201609 28.484 241.428 39.400
201612 30.606 241.432 42.335
201703 32.357 243.801 44.322
201706 41.439 244.955 56.495
201709 39.689 246.819 53.700
201712 40.304 246.524 54.598
201803 39.057 249.554 52.266
201806 42.049 251.989 55.726
201809 42.872 252.439 56.715
201812 44.981 251.233 59.791
201903 46.556 254.202 61.162
201906 48.063 256.143 62.663
201909 50.841 256.759 66.126
201912 51.244 256.974 66.594
202003 52.355 258.115 67.737
202006 52.460 257.797 67.957
202009 51.159 260.280 65.640
202012 50.766 260.474 65.087
202103 52.347 264.877 65.998
202106 53.269 271.696 65.475
202109 55.565 274.310 67.646
202112 59.234 278.802 70.951
202203 60.183 287.504 69.906
202206 63.126 296.311 71.145
202209 67.752 296.808 76.231
202212 65.429 296.797 73.620
202303 66.573 301.836 73.657
202306 67.710 305.109 74.111
202309 68.573 307.789 74.402
202312 69.505 306.746 75.670
202403 70.153 312.332 75.009
202406 71.671 314.175 76.183
202409 71.480 315.301 75.708
202412 76.838 315.605 81.305
202503 75.451 319.799 78.790
202506 71.778 322.561 74.313
202509 72.930 324.800 74.985
202512 38.795 324.054 39.980
202603 79.510 330.213 80.410
202606 81.137 333.952 81.137

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 21.4% below its estimated GF Value™ of €96.08.

Key valuation signals for MIL:1PNFP:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €96.08 vs. price of €75.50 (21.4% below fair value)
  • GF Score™: 70/100 with 4 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.
70GF 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
€96.08
GF Value