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First Horizon (First Horizon) Shiller PE Ratio : 10.28 (As of Jun. 24, 2024)


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What is First Horizon Shiller PE Ratio?

As of today (2024-06-24), First Horizon's current share price is $15.01. First Horizon's E10 for the quarter that ended in Mar. 2024 was $1.46. First Horizon's Shiller PE Ratio for today is 10.28.

The historical rank and industry rank for First Horizon's Shiller PE Ratio or its related term are showing as below:

FHN' s Shiller PE Ratio Range Over the Past 10 Years
Min: 7.24   Med: 20.02   Max: 343
Current: 10.28

During the past years, First Horizon's highest Shiller PE Ratio was 343.00. The lowest was 7.24. And the median was 20.02.

FHN's Shiller PE Ratio is ranked worse than
50.87% of 1152 companies
in the Banks industry
Industry Median: 9.88 vs FHN: 10.28

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

First Horizon's adjusted earnings per share data for the three months ended in Mar. 2024 was $0.330. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $1.46 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


First Horizon Shiller PE Ratio Historical Data

The historical data trend for First Horizon's Shiller PE 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 Shiller PE Ratio Chart

First Horizon Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 25.81 15.23 16.12 19.65 9.91

First Horizon Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Shiller PE 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 13.79 8.43 7.70 9.91 10.52

Competitive Comparison of First Horizon's Shiller PE Ratio

For the Banks - Regional subindustry, First Horizon's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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's Shiller PE Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, First Horizon's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where First Horizon's Shiller PE Ratio falls into.



First Horizon Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

First Horizon's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=15.01/1.46
=10.28

* 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's E10 for the quarter that ended in Mar. 2024 is calculated as:

For example, First Horizon's adjusted earnings per share data for the three months ended in Mar. 2024 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.33/131.7762*131.7762
=0.330

Current CPI (Mar. 2024) = 131.7762.

First Horizon Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201406 0.330 100.560 0.432
201409 0.190 100.428 0.249
201412 0.198 99.070 0.263
201503 -0.330 99.621 -0.437
201506 0.220 100.684 0.288
201509 0.250 100.392 0.328
201512 0.200 99.792 0.264
201603 0.200 100.470 0.262
201606 0.240 101.688 0.311
201609 0.270 101.861 0.349
201612 0.230 101.863 0.298
201703 0.230 102.862 0.295
201706 0.380 103.349 0.485
201709 0.280 104.136 0.354
201712 -0.200 104.011 -0.253
201803 0.270 105.290 0.338
201806 0.250 106.317 0.310
201809 0.830 106.507 1.027
201812 0.300 105.998 0.373
201903 0.310 107.251 0.381
201906 0.350 108.070 0.427
201909 0.350 108.329 0.426
201912 0.370 108.420 0.450
202003 0.040 108.902 0.048
202006 0.170 108.767 0.206
202009 0.950 109.815 1.140
202012 0.420 109.897 0.504
202103 0.400 111.754 0.472
202106 0.530 114.631 0.609
202109 0.410 115.734 0.467
202112 0.400 117.630 0.448
202203 0.340 121.301 0.369
202206 0.290 125.017 0.306
202209 0.450 125.227 0.474
202212 0.450 125.222 0.474
202303 0.430 127.348 0.445
202306 0.560 128.729 0.573
202309 0.230 129.860 0.233
202312 0.310 129.419 0.316
202403 0.330 131.776 0.330

Add all the adjusted EPS together and divide 10 will get our E10.

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.


First Horizon  (NYSE:FHN) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


First Horizon Shiller PE Ratio Related Terms

Thank you for viewing the detailed overview of First Horizon's Shiller PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


First Horizon (First Horizon) Business Description

Address
165 Madison Avenue, Memphis, TN, USA, 38103
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.
Executives
Velia Carboni director 165 MADISON AVE, MEMPHIS TN 38103
William H Fenstermaker director 200 WEST CONGRESS STREET, LAFAYETTE LA 70501
Vicki R Palmer director PO BOX 723040, ATLANTA GA 30339
Rosa Sugranes director 2975 N.W. 77TH AVE, DORAL FL 33132
Reed Colin V director
Wendy P Davidson director 2210 WEST OAKLAWN DRIVE, SPRINGDALE AR 72762
D Bryan Jordan officer: EVP and CFO
Terry Lawson Akins officer: Sr. EVP, Chief Risk Officer 200 WEST CONGRESS STREET, LAFAYETTE LA 70501
David T Popwell officer: EVP-Regional Bkg & Bkg COO 165 MADISON AVENUE, MEMPHIS TN 38103
Tammy Locascio officer: Sr. EVP, Chief HR Officer 165 MADISON AVE, MEMPHIS TN 38103
Daryl G Byrd director, officer: Executive Chairman of Board 200 WEST CONGRESS STREET, LAFAYETTE LA 70501
Anthony J Restel officer: SEVP Chief Operating Officer 200 WEST CONGRESS STREET, LAFAYETTE LA 70501
Hope Dmuchowski officer: Sr. EVP & CFO 165 MADISON AVE, MEMPHIS TN 38103
Losch William C Iii officer: EVP and CFO 165 MADISON AVENUE, MEMPHIS TN 38103
Elizabeth A Ardoin officer: SEVP, Chief Communications Ofc 200 WEST CONGRESS STREET, LAFAYETTE LA 70501