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First HorizonFHN -1.17%71 Shiller PE Ratio is 13.82 as of Sep. 14, 2026, which is 16% below its 10-year median of 16.42. GuruFocus rates FHN with a GF Score™ of 71/100 and a GF Value™ of $24.46 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,235 Banks companies, First Horizon ranks better than 50.61% on this metric.
As of today (2026-09-14), First Horizon's current share price is $24.47. First Horizon's E10 for the quarter that ended in Jun. 2026 was $1.77. First Horizon's Shiller PE Ratio for today is 13.82.
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: 16.42 Max: 343
Current: 13.86
During the past years, First Horizon's highest Shiller PE Ratio was 343.00. The lowest was 7.24. And the median was 16.42.
FHN's Shiller PE Ratio is ranked better than 50.61% of 1235
companies
in the Banks industry
Industry Median: 13.92
vs FHN: 13.86
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 Jun. 2026 was $0.540. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $1.77 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
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
First Horizon Shiller PE Ratio Historical Data
* Premium members only.
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.
FHN vs UMBF, BPOP, WBS: Shiller PE Ratio Comparison
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 Shiller PE Ratio vs 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.
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
* 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 Jun. 2026 is calculated as:
For example, First Horizon's adjusted earnings per share data for the three months ended in Jun. 2026 was:
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 (FHN) has a Shiller PE Ratio of 13.82 as of Sep. 14, 2026. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on First Horizon and its competitors. This is 16% below median its historical median of 16.42. Over the past decade, First Horizon's Shiller PE Ratio has ranged from 7.24 to 343.00. According to the industry distribution chart, First Horizon ranks #610 out of 1235 companies in the Banks industry, placing it in the top 49.4%.
Is First Horizon's Shiller PE Ratio too high?
First Horizon's current Shiller PE Ratio of 13.82 is 16% below median its 10-year median of 16.42. Over the past 10 years, this metric has ranged from a low of 7.24 to a high of 343.00. The Banks industry median Shiller PE Ratio is 13.92. First Horizon's value of 13.82 is 0.7% below this industry median. Based on the distribution chart, First Horizon ranks #610 out of 1235 companies in the Banks industry, which is above the industry midpoint. Overall, First Horizon has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does First Horizon's Shiller PE Ratio compare to UMBF and BPOP?
According to the Banks industry distribution chart, First Horizon ranks #610 out of 1235 companies for Shiller PE Ratio. This puts First Horizon in the upper half of its industry. The industry median Shiller PE Ratio is 13.92. First Horizon's value of 13.82 is 0.7% below this benchmark. Historically, First Horizon's own Shiller PE Ratio has ranged from 7.24 to 343.00 over the past decade. While the company's 10-year median is 16.42 vs. the industry median of 13.92, First Horizon has consistently been below 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 Shiller PE Ratio for a Banks company?
The median Shiller PE Ratio among Banks companies is 13.92, based on 1,235 companies in the industry. Companies in the top quartile (top 25%) have a Shiller PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Shiller PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Horizon's current Shiller PE Ratio of 13.82 is 0.7% below 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 Shiller PE Ratio mean?
A high Shiller PE Ratio can signal that a stock is expensive relative to its fundamentals. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on First Horizon and its competitors. For the Banks industry, the median Shiller PE Ratio is 13.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Horizon's current Shiller PE Ratio is 13.82, which is 16% below median its own 10-year median of 16.42. 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 Fairly Valued. The stock's GF Value™ is $24.46, compared to a current price of $24.47 — trading 0% above its estimated fair value. The current Shiller PE Ratio is 13.82, which is 16% below median its 10-year median of 16.42 and 0.7% below the Banks industry median of 13.92. First Horizon's overall GF Score™ is 71/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shiller PE Ratio calculated?
Shiller PE Ratio is calculated from a company's financial statements. For First Horizon (FHN), the current Shiller PE Ratio is 13.82 as of Sep. 14, 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 $24.47 is trading 0% above its estimated GF Value™ of $24.46.
GuruFocus considers First Horizon to be Fairly Valued.
Key valuation signals for FHN:
Shiller PE Ratio: 13.82 (16% below median its 10-year median of 16.42)
GF Value™: $24.46 vs. price of $24.47 (0% above fair value)
Industry Position: 0.7% below the Banks median (#610 of 1235)
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.
71GF Score
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