Pinnacle Financial Partners, Inc.

NasdaqGS:PNFP Stock Report

Market Cap: US$9.0b

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 ($111.05) is trading below our estimate of fair value ($172.76)

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 Ratio21.1x
EarningsUS$403.58m
Market CapUS$8.96b

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 Average15.7x
WTFC Wintrust Financial
13.7x7.5%US$8.7b
CBSH Commerce Bancshares
17.4x1.5%US$9.0b
SSB SouthState
15.4x28.9%US$8.1b
CFR Cullen/Frost Bankers
16.2x1.3%US$8.8b
PNFP Pinnacle Financial Partners
21.1x23.9%US$9.0b

Price-To-Earnings vs Peers: PNFP is expensive based on its Price-To-Earnings Ratio (21.1x) compared to the peer average (15.7x).

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 21.1xIndustry Avg. 12.9xNo. of Companies82PE0612182430+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: PNFP is expensive based on its Price-To-Earnings Ratio (21.1x) 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 Ratio21.1x
Fair PE Ratio19.3x

Price-To-Earnings vs Fair Ratio: PNFP is expensive based on its Price-To-Earnings Ratio (21.1x) 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$111.05
US$125.20
+12.7%
10.1%US$142.00US$97.00n/a10
Dec ’25US$127.11
US$117.20
-7.8%
11.6%US$138.00US$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$69.00US$127.1111
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

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/18 23:24
End of Day Share Price 2024/12/18 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Pinnacle Financial Partners, Inc. is covered by 26 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Bryce RoweBaird
Jared ShawBarclays
Andrew StappB. Riley Securities, Inc.