Pacific Premier Bancorp, Inc.

NasdaqGS:PPBI Stock Report

Market Cap: US$2.8b

Pacific Premier Bancorp Valuation

Is PPBI 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-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: PPBI ($28.86) is trading above our estimate of fair value ($19.76)

Significantly Below Fair Value: PPBI is trading above our estimate of fair value.

Key Valuation Metric

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

Key metric: As PPBI is an unprofitable bank we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for PPBI. This is calculated by dividing PPBI's market cap by their current book value.
What is PPBI's PB Ratio?
PB Ratio0.9x
BookUS$2.94b
Market CapUS$2.81b

Price to Book Ratio vs Peers

How does PPBI's PB Ratio compare to its peers?

The above table shows the PB ratio for PPBI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average1.4x
FBK FB Financial
1.7x24.3%US$2.7b
IBTX Independent Bank Group
1.4x117.3%US$2.8b
HTH Hilltop Holdings
1x2.8%US$2.1b
HTLF Heartland Financial USA
1.4x26.6%US$3.0b
PPBI Pacific Premier Bancorp
0.9x40.3%US$2.8b

Price-To-Book vs Peers: PPBI is good value based on its Price-To-Book Ratio (0.9x) compared to the peer average (1.4x).

Price to Book Ratio vs Industry

How does PPBI's PB Ratio compare vs other companies in the US Banks Industry?

4 CompaniesPrice / BookEstimated GrowthMarket Cap
FRCB First Republic Bank
0.002xn/aUS$27.98m
SBNY Signature Bank
0.0003xn/aUS$2.18m
BKES.F Banco Espírito Santo
n/an/aUS$56.01k
BCBH.F Caribbean Investment Holdings
n/an/aUS$132.00
No more companies available in this PB range
PPBI 0.9xIndustry Avg. 1.0xNo. of Companies128PB00.61.21.82.43+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: PPBI is good value based on its Price-To-Book Ratio (0.9x) compared to the US Banks industry average (1x).

Price to Book Ratio vs Fair Ratio

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

PPBI PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio0.9x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate PPBI's Price-To-Book Fair Ratio for valuation analysis.

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 PPBI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$28.86
US$27.14
-5.9%
6.7%US$30.00US$25.00n/a7
Nov ’25US$25.49
US$27.14
+6.5%
6.7%US$30.00US$25.00n/a7
Oct ’25US$23.96
US$27.57
+15.1%
6.7%US$31.00US$25.00n/a7
Sep ’25US$25.70
US$27.29
+6.2%
7.5%US$31.00US$25.00n/a7
Aug ’25US$25.85
US$27.57
+6.7%
6.7%US$31.00US$25.00n/a7
Jul ’25US$22.71
US$26.00
+14.5%
6.8%US$29.00US$23.00n/a7
Jun ’25US$22.24
US$26.29
+18.2%
5.3%US$29.00US$25.00n/a7
May ’25US$22.22
US$26.29
+18.3%
5.3%US$29.00US$25.00n/a7
Apr ’25US$23.57
US$28.71
+21.8%
7.6%US$32.00US$25.00n/a7
Mar ’25US$22.99
US$29.14
+26.8%
5.6%US$32.00US$27.00n/a7
Feb ’25US$25.18
US$29.71
+18.0%
6.7%US$33.00US$27.00n/a7
Jan ’25US$29.11
US$26.71
-8.2%
16.7%US$34.00US$22.00n/a7
Dec ’24US$24.37
US$25.43
+4.3%
10.9%US$31.00US$22.00n/a7
Nov ’24US$19.66
US$23.14
+17.7%
7.1%US$25.00US$20.00US$25.497
Oct ’24US$21.76
US$26.86
+23.4%
8.1%US$30.00US$23.00US$23.967
Sep ’24US$23.76
US$27.43
+15.4%
5.5%US$30.00US$26.00US$25.707
Aug ’24US$25.31
US$27.43
+8.4%
5.5%US$30.00US$26.00US$25.857
Jul ’24US$20.68
US$25.57
+23.7%
7.5%US$28.00US$23.00US$22.717
Jun ’24US$19.24
US$26.43
+37.4%
8.3%US$30.00US$23.00US$22.247
May ’24US$21.65
US$27.86
+28.7%
9.7%US$33.00US$25.00US$22.227
Apr ’24US$24.02
US$32.79
+36.5%
9.6%US$37.50US$26.00US$23.577
Mar ’24US$32.20
US$34.29
+6.5%
5.3%US$38.00US$33.00US$22.997
Feb ’24US$33.69
US$34.29
+1.8%
5.3%US$38.00US$33.00US$25.187
Jan ’24US$31.56
US$36.57
+15.9%
6.7%US$40.00US$33.00US$29.117
Dec ’23US$36.54
US$36.57
+0.09%
6.7%US$40.00US$33.00US$24.377
Nov ’23US$36.26
US$36.57
+0.9%
6.7%US$40.00US$33.00US$19.667

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

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