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Pinnacle Financial Partners (Pinnacle Financial Partners) Cyclically Adjusted Price-to-FCF : 15.12 (As of Apr. 27, 2024)


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What is Pinnacle Financial Partners Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Pinnacle Financial Partners's current share price is $80.29. Pinnacle Financial Partners's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $5.31. Pinnacle Financial Partners's Cyclically Adjusted Price-to-FCF for today is 15.12.

The historical rank and industry rank for Pinnacle Financial Partners's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

PNFP' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 8.54   Med: 17.86   Max: 27.37
Current: 15.36

During the past years, Pinnacle Financial Partners's highest Cyclically Adjusted Price-to-FCF was 27.37. The lowest was 8.54. And the median was 17.86.

PNFP's Cyclically Adjusted Price-to-FCF is ranked worse than
84.12% of 831 companies
in the Banks industry
Industry Median: 7.47 vs PNFP: 15.36

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Pinnacle Financial Partners's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $1.159. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $5.31 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Pinnacle Financial Partners Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Pinnacle Financial Partners's Cyclically Adjusted Price-to-FCF 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.

Pinnacle Financial Partners Cyclically Adjusted Price-to-FCF Chart

Pinnacle Financial Partners Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.62 17.12 21.34 14.48 16.43

Pinnacle Financial Partners Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF 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 10.03 10.71 12.63 16.43 -

Competitive Comparison of Pinnacle Financial Partners's Cyclically Adjusted Price-to-FCF

For the Banks - Regional subindustry, Pinnacle Financial Partners's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF 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's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Pinnacle Financial Partners's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Pinnacle Financial Partners's Cyclically Adjusted Price-to-FCF falls into.



Pinnacle Financial Partners Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF 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 Price-to-FCF.

Pinnacle Financial Partners's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=80.29/5.31
=15.12

* 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's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Pinnacle Financial Partners's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=1.159/129.4194*129.4194
=1.159

Current CPI (Dec. 2023) = 129.4194.

Pinnacle Financial Partners Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.363 99.695 0.471
201406 0.258 100.560 0.332
201409 0.998 100.428 1.286
201412 0.917 99.070 1.198
201503 0.114 99.621 0.148
201506 0.524 100.684 0.674
201509 0.112 100.392 0.144
201512 1.138 99.792 1.476
201603 0.518 100.470 0.667
201606 0.748 101.688 0.952
201609 0.321 101.861 0.408
201612 1.472 101.863 1.870
201703 -0.075 102.862 -0.094
201706 1.283 103.349 1.607
201709 0.244 104.136 0.303
201712 0.365 104.011 0.454
201803 0.932 105.290 1.146
201806 1.600 106.317 1.948
201809 1.342 106.507 1.631
201812 1.897 105.998 2.316
201903 1.986 107.251 2.397
201906 0.028 108.070 0.034
201909 1.632 108.329 1.950
201912 1.420 108.420 1.695
202003 0.662 108.902 0.787
202006 1.530 108.767 1.821
202009 1.392 109.815 1.641
202012 1.534 109.897 1.807
202103 1.507 111.754 1.745
202106 2.146 114.631 2.423
202109 1.917 115.734 2.144
202112 2.777 117.630 3.055
202203 0.554 121.301 0.591
202206 1.779 125.017 1.842
202209 3.628 125.227 3.749
202212 1.145 125.222 1.183
202303 4.265 127.348 4.334
202306 -1.598 128.729 -1.607
202309 1.399 129.860 1.394
202312 1.159 129.419 1.159

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF 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.


Pinnacle Financial Partners  (NAS:PNFP) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow 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 Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Pinnacle Financial Partners Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Pinnacle Financial Partners's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Pinnacle Financial Partners (Pinnacle Financial Partners) Business Description

Traded in Other Exchanges
Address
150 Third Avenue South, Suite 900, Nashville, TN, USA, 37201
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. Pinnacle operates as a community bank primarily in the urban markets of Nashville, Knoxville, Memphis, and Chattanooga, Tennessee, as well as surrounding counties. Its strategy relies heavily on mergers and acquisitions. A majority of its loan portfolio is in commercial loans, primarily real estate, as well as industrial loans. The bank generates a majority of its net revenue through net interest income.
Executives
Mccabe Robert A Jr director 500 CHURCH ST, STE 200, NASHVILLE TN 37219
Harold R Carpenter officer: CFO
Charles E Brock director PO BOX 2007, DALTON GA 30722
Hugh M Queener other: Former CAO
Gregory L Burns director 203 LYNWOOD BLVD, C/O BASS BERRY & SIMS, NASHVILLE TN 37205
Joseph C Galante director 111 TENTH AVENUE, SUITE 200, NASHVILLE TN 37203
M Terry Turner officer: President & CEO
Smith Reese L Iii director
Gary L Scott director C/O MID-AMERICA BANCSHARES, INC, 7651 HIGHWAY 70 SOUTH, NASHVILLE TN 37221
Decosta Jenkins director 150 THIRD AVENUE SOUTH STE 900, NASHVILLE TN 37201
Callicutt Richard D Ii director, officer: Chairman-Carolinas & Virginia 3980 PREMIER DRIVE, SUITE 210, HIGH POINT NC 27265
Ronald L Samuel director, officer: Vice Chairman 111 TENTH AVENUE SOUTH, SUITE 200, NASHVILLE TN 37203
David B Ingram director TWO INGRAM BLVD, LA VERGNE TN 37089
Farnsworth Thomas C Iii director 101 WEST CHICKASAW PKWY., MEMPHIS TN 38111
G Kennedy Thompson director 3000 HANOVER STREET, PALO ALTO CA 94304