Pinnacle Financial Partners, Inc.

NasdaqGS:PNFP Stock Report

Market Cap: US$9.5b

Pinnacle Financial Partners Valuation

Is PNFP undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of PNFP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: PNFP ($123.99) is trading below our estimate of fair value ($178.65)

Significantly Below Fair Value: PNFP is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PNFP?

Key metric: As PNFP is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for PNFP. This is calculated by dividing PNFP's market cap by their current earnings.
What is PNFP's PE Ratio?
PE Ratio23.5x
EarningsUS$403.58m
Market CapUS$9.49b

Price to Earnings Ratio vs Peers

How does PNFP's PE Ratio compare to its peers?

The above table shows the PE ratio for PNFP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average16.1x
CBSH Commerce Bancshares
18.5x0.3%US$9.2b
WTFC Wintrust Financial
14.5x6.7%US$8.8b
WAL Western Alliance Bancorporation
14x22.7%US$9.9b
CFR Cullen/Frost Bankers
17.3x1.4%US$8.9b
PNFP Pinnacle Financial Partners
23.5x23.6%US$9.5b

Price-To-Earnings vs Peers: PNFP is expensive based on its Price-To-Earnings Ratio (23.5x) compared to the peer average (16.1x).

Price to Earnings Ratio vs Industry

How does PNFP's PE Ratio compare vs other companies in the US Banks Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
FRCB First Republic Bank
0.02xn/aUS$27.98m
BKGM BankGuam Holding
1xn/aUS$18.48m
SBNY Signature Bank
0.002xn/aUS$2.18m
BCBH.F Caribbean Investment Holdings
0.00001xn/aUS$132.00
No more companies available in this PE range
PNFP 23.5xIndustry Avg. 12.9xNo. of Companies80PE0612182430+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: PNFP is expensive based on its Price-To-Earnings Ratio (23.5x) compared to the US Banks industry average (12.9x).

Price to Earnings Ratio vs Fair Ratio

What is PNFP's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PNFP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio23.5x
Fair PE Ratio19.3x

Price-To-Earnings vs Fair Ratio: PNFP is expensive based on its Price-To-Earnings Ratio (23.5x) compared to the estimated Fair Price-To-Earnings Ratio (19.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst PNFP forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$123.99
US$114.10
-8.0%
9.0%US$130.00US$97.00n/a10
Nov ’25US$104.64
US$114.55
+9.5%
8.6%US$130.00US$97.00n/a11
Oct ’25US$93.19
US$107.09
+14.9%
6.7%US$120.00US$97.00n/a11
Sep ’25US$99.57
US$102.92
+3.4%
8.1%US$120.00US$87.00n/a12
Aug ’25US$92.25
US$103.00
+11.7%
8.2%US$120.00US$87.00n/a12
Jul ’25US$79.18
US$95.67
+20.8%
5.0%US$105.00US$89.00n/a12
Jun ’25US$79.51
US$96.33
+21.2%
5.5%US$108.00US$89.00n/a12
May ’25US$78.25
US$96.92
+23.9%
6.4%US$109.00US$89.00n/a12
Apr ’25US$83.56
US$97.83
+17.1%
7.0%US$110.00US$88.00n/a12
Mar ’25US$80.90
US$97.73
+20.8%
7.3%US$110.00US$88.00n/a11
Feb ’25US$82.58
US$97.73
+18.3%
7.3%US$110.00US$88.00n/a11
Jan ’25US$87.22
US$89.09
+2.1%
15.0%US$108.00US$69.00n/a11
Dec ’24US$76.87
US$78.91
+2.7%
7.6%US$87.00US$69.00n/a11
Nov ’24US$62.89
US$78.20
+24.3%
7.4%US$87.00US$69.00US$104.6410
Oct ’24US$67.04
US$77.70
+15.9%
9.9%US$86.00US$60.00US$93.1910
Sep ’24US$68.92
US$78.22
+13.5%
9.2%US$85.00US$60.00US$99.579
Aug ’24US$74.66
US$78.22
+4.8%
9.2%US$85.00US$60.00US$92.259
Jul ’24US$56.65
US$68.56
+21.0%
13.4%US$80.00US$47.00US$79.189
Jun ’24US$50.41
US$69.67
+38.2%
14.3%US$85.00US$47.00US$79.519
May ’24US$53.02
US$69.67
+31.4%
14.3%US$85.00US$47.00US$78.259
Apr ’24US$55.16
US$81.44
+47.7%
14.1%US$95.00US$62.00US$83.569
Mar ’24US$73.85
US$86.61
+17.3%
11.2%US$95.00US$62.00US$80.909
Feb ’24US$78.64
US$85.72
+9.0%
11.1%US$95.00US$62.00US$82.589
Jan ’24US$73.40
US$92.40
+25.9%
12.0%US$112.00US$72.00US$87.2210
Dec ’23US$83.75
US$97.00
+15.8%
11.0%US$112.00US$72.00US$76.8710
Nov ’23US$83.31
US$97.00
+16.4%
11.0%US$112.00US$72.00US$62.8910

Analyst Forecast: Target price is lower than the current share price.

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