Market Cap : 12.44 B | Enterprise Value : 5.54 B | PE Ratio : 16.10 | PB Ratio : 1.72 |
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The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2022-08-14), First Horizon's share price is $23.19. First Horizon's Book Value per Share for the quarter that ended in Jun. 2022 was $13.50. Hence, First Horizon's PB Ratio of today is 1.72.
The historical rank and industry rank for First Horizon's PB Ratio or its related term are showing as below:
During the past 13 years, First Horizon's highest PB Ratio was 2.07. The lowest was 0.48. And the median was 1.27.
FHN's PB Ratio is ranked worse thanDuring the past 12 months, First Horizon's average Book Value Per Share Growth Rate was 5.90% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 1.40% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 6.30% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 6.00% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of First Horizon was 14.90% per year. The lowest was -16.40% per year. And the median was 8.10% per year.
The historical data trend for First Horizon's 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.
For the Banks - Regional subindustry, First Horizon's PB Ratio, along with its competitors' market caps and 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.
For the Banks industry and Financial Services sector, First Horizon's PB Ratio distribution charts can be found below:
* The bar in red indicates where First Horizon's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
First Horizon's PB Ratio for today is calculated as follows:
PB Ratio | = | Share Price | / | Book Value per Share (Q: Jun. 2022) |
= | 23.19 | / | 13.503 | |
= | 1.72 |
* 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.
It can also be calculated from the numbers for the whole company:
PB Ratio | = | Market Cap | / | (Total Stockholders Equity | - | Preferred Stock) |
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Thank you for viewing the detailed overview of First Horizon's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Dmuchowski Hope | officer: Sr. EVP & CFO | 165 MADISON AVE MEMPHIS TN 38103 |
Casbon John N | director | 200 WEST CONGRESS STREET LAFAYETTE LA 70501 |
Locascio Tammy | officer: Sr. EVP, Chief HR Officer | 165 MADISON AVE MEMPHIS TN 38103 |
Kemp Sr James Michael | director | 200 WEST CONGRESS STREET LAFAYETTE LA 70501 |
Maples Ricky E | director | 200 WEST CONGRESS STREET LAFAYETTE LA 70501 |
Akins Terry Lawson | officer: Sr. EVP, Chief Risk Officer | 200 WEST CONGRESS STREET LAFAYETTE LA 70501 |
Ardoin Elizabeth A | officer: SEVP, Chief Communications Ofc | 200 WEST CONGRESS STREET LAFAYETTE LA 70501 |
Sugranes Rosa | director | 2975 N.W. 77TH AVE DORAL FL 33132 |
Restel Anthony J | officer: SEVP Chief Operating Officer | 200 WEST CONGRESS STREET LAFAYETTE LA 70501 |
Shea E Stewart Iii | director | 200 WEST CONGRESS STREET LAFAYETTE LA 70501 |
Fenstermaker William H | director | 200 WEST CONGRESS STREET LAFAYETTE LA 70501 |
Byrd Daryl G | director, officer: Executive Chairman of Board | 200 WEST CONGRESS STREET LAFAYETTE LA 70501 |
Barton Harry V Jr | director | 200 WEST CONGRESS STREET LAFAYETTE LA 70501 |
Brown Michael J | officer: President - Regional Banking | 200 WEST CONGRESS STREET LAFAYETTE LA 70501 |
Davidson Wendy P | director | 2210 WEST OAKLAWN DRIVE SPRINGDALE AR 72762 |
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