Pinnacle Financial Partners, Inc.

NYSE:PNFP Stock Report

Market Cap: US$14.6b

Pinnacle Financial Partners Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow 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.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: PNFP ($96.75) is trading below our estimate of future cash flow value ($176.33)

Significantly Below Future Cash Flow Value: PNFP is trading below future cash flow 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 Ratio18.6x
EarningsUS$783.67m
Market CapUS$14.56b

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 Average11.2x
SSB SouthState Bank
10.6x3.92%US$10.0b
UMBF UMB Financial
11.1x8.70%US$10.2b
EWBC East West Bancorp
12x4.84%US$17.4b
ONB Old National Bancorp
11.1x10.92%US$9.7b
PNFP Pinnacle Financial Partners
18.6x35.49%US$14.6b

Price-To-Earnings vs Peers: PNFP is expensive based on its Price-To-Earnings Ratio (18.6x) compared to the peer average (11.2x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

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
OCNB Oconomowoc Bancshares
0.7xn/aUS$10.72m
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 18.6xIndustry Avg. 11.7xNo. of Companies124PE0612182430+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: PNFP is expensive based on its Price-To-Earnings Ratio (18.6x) compared to the US Banks industry average (11.7x).

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 Ratio18.6x
Fair PE Ratio21x

Price-To-Earnings vs Fair Ratio: PNFP is good value based on its Price-To-Earnings Ratio (18.6x) compared to the estimated Fair Price-To-Earnings Ratio (21x).

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$96.75
US$120.32
+24.36%
5.80%US$137.00US$110.00n/a22
Sep ’27US$97.03
US$119.25
+22.90%
5.13%US$131.00US$110.00n/a20
Aug ’27US$105.23
US$118.15
+12.28%
5.96%US$131.00US$100.00n/a20
Jul ’27US$100.82
US$118.10
+17.14%
6.48%US$132.00US$100.00n/a20
Jun ’27US$95.61
US$116.79
+22.15%
5.76%US$130.00US$100.00n/a19
May ’27US$98.64
US$116.83
+18.44%
5.92%US$130.00US$100.00n/a18
Apr ’27US$87.85
US$114.53
+30.37%
9.22%US$135.00US$90.00n/a19
Mar ’27US$90.76
US$116.37
+28.22%
7.64%US$135.00US$100.00n/a19
Feb ’27US$95.09
US$116.06
+22.05%
7.77%US$135.00US$100.00n/a18
Jan ’27US$95.41
US$112.77
+18.19%
10.05%US$135.00US$95.00n/a15
Dec ’26US$93.26
US$108.19
+16.01%
9.73%US$125.00US$95.00n/a13
Nov ’26US$85.21
US$107.77
+26.47%
8.51%US$122.00US$95.00n/a13
Oct ’26US$93.31
US$112.54
+20.61%
8.30%US$130.00US$95.00n/a13
Sep ’26US$97.22
US$111.09
+14.27%
10.24%US$130.00US$90.00US$97.0311
Aug ’26US$86.13
US$118.17
+37.20%
7.65%US$135.00US$104.00US$105.2312
Jul ’26US$114.27
US$119.79
+4.84%
6.83%US$134.00US$105.00US$100.8212
Jun ’26US$106.28
US$118.71
+11.69%
6.65%US$135.00US$105.00US$95.6112
May ’26US$102.55
US$115.60
+12.73%
5.25%US$126.00US$105.00US$98.6410
Apr ’26US$104.75
US$132.50
+26.49%
5.21%US$142.00US$120.00US$87.8510
Mar ’26US$114.26
US$134.60
+17.80%
5.67%US$148.00US$120.00US$90.7610
Feb ’26US$124.77
US$134.60
+7.88%
5.67%US$148.00US$120.00US$95.0910
Jan ’26US$114.39
US$131.20
+14.70%
5.99%US$142.00US$120.00US$95.4110
Dec ’25US$127.11
US$117.20
-7.80%
11.63%US$138.00US$97.00US$93.2610
Nov ’25US$104.64
US$114.55
+9.47%
8.59%US$130.00US$97.00US$85.2111
Oct ’25US$93.19
US$107.09
+14.92%
6.70%US$120.00US$97.00US$93.3111
Sep ’25US$99.57
US$102.92
+3.36%
8.09%US$120.00US$87.00US$97.2212
US$120.32
Fair Value
19.6% undervalued intrinsic discount
22
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/21 03:54
End of Day Share Price 2026/09/18 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

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.

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 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 Github.

Analyst Sources

Pinnacle Financial Partners, Inc. is covered by 34 analysts. 19 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
David GeorgeBaird
Jared David ShawBarclays
Ebrahim PoonawalaBofA Global Research