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:
FHN'
s PB Ratio Range Over the Past 10 Years
Min: 0.48 Med: 1.27 Max: 2.07
Current: 1.72
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 than 86.11% of 1447
companies
in the Banks industry
Industry Median: 0.99
vs FHN: 1.72
During 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.
Back to Basics: PB Ratio
First Horizon PB Ratio Historical Data
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.
* Premium members only.
First Horizon Annual Data
Trend
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
PB Ratio
1.56
0.95
1.10
0.94
1.13
First Horizon Quarterly Data
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
PB Ratio
1.23
1.14
1.13
1.70
1.62
Competitive Comparison
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.
First Horizon PB Ratio Distribution
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.
First Horizon PB Ratio Calculation
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:
* 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:
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.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
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.
First Horizon PB Ratio Related Terms
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.
First Horizon Corp is the parent company of First Tennessee Bank, a prominent regional bank with about 200 branches around Tennessee. The regional bank is responsible for roughly 65% of its revenue, while capital markets make a 25% contribution. The remainder is split between the firm's non-strategic (wind-down) and corporate operations. First Horizon concentrates on offering a variety of banking products mainly in its home state, where it has the second- largest deposit franchise with a 13% deposit market share.
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