First HorizonFHN +0.08%69 EV-to-FCF is 27.55 as of Jun. 27, 2026, which is 272% above its 10-year median of 7.40. GuruFocus rates FHN with a GF Score™ of 69/100 and a GF Value™ of $21.29 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,195 Banks companies, First Horizon ranks worse than 88.03% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, First Horizon's Enterprise Value is $14,465 Mil.
First Horizon's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $525 Mil. Therefore, First Horizon's EV-to-FCF for today is 27.55.
The historical rank and industry rank for First Horizon's EV-to-FCF or its related term are showing as below:
FHN'
s EV-to-FCF Range Over the Past 10 Years
Min: -96.46 Med: 7.4 Max: 87.46
Current: 27.55
During the past 13 years, the highest EV-to-FCF of First Horizon was 87.46. The lowest was -96.46. And the median was 7.40.
FHN's EV-to-FCF is ranked worse than 88.03% of 1195
companies
in the Banks industry
Industry Median: 6.52
vs FHN: 27.55
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
First Horizon's PE Ratio (TTM) for today is calculated as:
First Horizon's share price for today is $25.58.
First Horizon's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $2.000.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
First Horizon EV-to-FCF Related Terms
First Horizon EV-to-FCF Historical Data
* Premium members only.
The historical data trend for First Horizon's EV-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.
For the Banks - Regional subindustry, First Horizon's EV-to-FCF, along with its competitors' market caps and EV-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.
First Horizon EV-to-FCF vs Banks Industry
For the Banks industry and Financial Services sector, First Horizon's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where First Horizon's EV-to-FCF falls into.
First Horizon's current Enterprise Value is $14,465 Mil.
First Horizon's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $525 Mil.
* 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.
First Horizon (FHN) has a EV-to-FCF of 27.55 as of Jun. 27, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on First Horizon and its competitors. This is 272% above median its historical median of 7.40. According to the industry distribution chart, First Horizon ranks #1052 out of 1195 companies in the Banks industry, placing it in the top 88%.
Is First Horizon's EV-to-FCF too high?
First Horizon's current EV-to-FCF of 27.55 is 272% above median its 10-year median of 7.40. The Banks industry median EV-to-FCF is 6.52. First Horizon's value of 27.55 is 322.5% above this industry median. Based on the distribution chart, First Horizon ranks #1052 out of 1195 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, First Horizon has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Horizon's EV-to-FCF compare to WBS and WTFC?
According to the Banks industry distribution chart, First Horizon ranks #1052 out of 1195 companies for EV-to-FCF. This places First Horizon in the lower half of its industry. The industry median EV-to-FCF is 6.52. First Horizon's value of 27.55 is 322.5% above this benchmark. While the company's 10-year median is 7.40 vs. the industry median of 6.52, First Horizon has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-FCF for a Banks company?
The median EV-to-FCF among Banks companies is 6.52, based on 1,195 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Horizon's current EV-to-FCF of 27.55 is 322.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on First Horizon and its competitors. For the Banks industry, the median EV-to-FCF is 6.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Horizon's current EV-to-FCF is 27.55, which is 272% above median its own 10-year median of 7.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Horizon stock overvalued right now?
Based on GuruFocus' analysis, First Horizon (FHN) is currently considered Modestly Overvalued. The stock's GF Value™ is $21.29, compared to a current price of $25.58 — trading 20.2% above its estimated fair value. The current EV-to-FCF is 27.55, which is 272% above median its 10-year median of 7.40 and 322.5% above the Banks industry median of 6.52. First Horizon's overall GF Score™ is 69/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For First Horizon (FHN), the current EV-to-FCF is 27.55 as of Jun. 27, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is First Horizon (FHN) Overvalued in 2026?
Based on GuruFocus' analysis, First Horizon stock appears to be overvalued.
The current stock price of $25.58 is trading 20.2% above its estimated GF Value™ of $21.29.
GuruFocus considers First Horizon to be Modestly Overvalued.
Key valuation signals for FHN:
EV-to-FCF: 27.55 (272% above median its 10-year median of 7.40)
GF Value™: $21.29 vs. price of $25.58 (20.2% above fair value)
Industry Position: 322.5% above the Banks median (#1052 of 1195)
No single metric tells the full story. See the FHN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Horizon Corp is the parent company of First Tennessee Bank, a prominent regional bank with about 200 branches around Tennessee. The company's reportable segments are: Commercial, Consumer & Wealth, Wholesale, and Corporate. The majority of its revenue is generated from Commercial, Consumer & Wealth. The Commercial, Consumer & Wealth segment offers financial products and services, including traditional lending and deposit taking, to commercial and consumer clients in the southern USA and other selected markets. The Wholesale segment delivers industry-specific products and services, while the Corporate segment provides internal support functions like finance, risk, and audit.
69GF Score
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