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Pinnacle Financial Partners (Pinnacle Financial Partners) Cyclically Adjusted PS Ratio : 5.89 (As of Apr. 27, 2024)


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What is Pinnacle Financial Partners Cyclically Adjusted PS Ratio?

As of today (2024-04-27), Pinnacle Financial Partners's current share price is $80.29. Pinnacle Financial Partners's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $13.64. Pinnacle Financial Partners's Cyclically Adjusted PS Ratio for today is 5.89.

The historical rank and industry rank for Pinnacle Financial Partners's Cyclically Adjusted PS Ratio or its related term are showing as below:

PNFP' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.66   Med: 7.18   Max: 10.51
Current: 5.89

During the past years, Pinnacle Financial Partners's highest Cyclically Adjusted PS Ratio was 10.51. The lowest was 3.66. And the median was 7.18.

PNFP's Cyclically Adjusted PS Ratio is ranked worse than
91.64% of 1184 companies
in the Banks industry
Industry Median: 2.38 vs PNFP: 5.89

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Pinnacle Financial Partners's adjusted revenue per share data for the three months ended in Dec. 2023 was $2.949. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $13.64 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Pinnacle Financial Partners Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Pinnacle Financial Partners's Cyclically Adjusted PS 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.

* Premium members only.

Pinnacle Financial Partners Cyclically Adjusted PS Ratio Chart

Pinnacle Financial Partners Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.62 7.02 8.94 5.94 6.39

Pinnacle Financial Partners Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.30 4.29 4.94 6.39 -

Competitive Comparison of Pinnacle Financial Partners's Cyclically Adjusted PS Ratio

For the Banks - Regional subindustry, Pinnacle Financial Partners's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.


Pinnacle Financial Partners's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Pinnacle Financial Partners's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Pinnacle Financial Partners's Cyclically Adjusted PS Ratio falls into.



Pinnacle Financial Partners Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Pinnacle Financial Partners's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=80.29/13.64
=5.89

* 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.

Pinnacle Financial Partners's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Pinnacle Financial Partners's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=2.949/129.4194*129.4194
=2.949

Current CPI (Dec. 2023) = 129.4194.

Pinnacle Financial Partners Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 1.677 99.695 2.177
201406 1.705 100.560 2.194
201409 1.776 100.428 2.289
201412 1.560 99.070 2.038
201503 1.881 99.621 2.444
201506 1.901 100.684 2.444
201509 2.015 100.392 2.598
201512 1.863 99.792 2.416
201603 2.316 100.470 2.983
201606 2.337 101.688 2.974
201609 2.392 101.861 3.039
201612 1.960 101.863 2.490
201703 2.295 102.862 2.888
201706 2.385 103.349 2.987
201709 2.592 104.136 3.221
201712 2.430 104.011 3.024
201803 2.705 105.290 3.325
201806 2.701 106.317 3.288
201809 2.769 106.507 3.365
201812 2.826 105.998 3.450
201903 2.783 107.251 3.358
201906 2.825 108.070 3.383
201909 3.055 108.329 3.650
201912 3.012 108.420 3.595
202003 3.034 108.902 3.606
202006 3.183 108.767 3.787
202009 3.418 109.815 4.028
202012 3.468 109.897 4.084
202103 3.590 111.754 4.157
202106 3.722 114.631 4.202
202109 3.888 115.734 4.348
202112 3.514 117.630 3.866
202203 3.804 121.301 4.059
202206 4.098 125.017 4.242
202209 4.590 125.227 4.744
202212 4.530 125.222 4.682
202303 4.684 127.348 4.760
202306 4.616 128.729 4.641
202309 4.668 129.860 4.652
202312 2.949 129.419 2.949

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

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.


Pinnacle Financial Partners  (NAS:PNFP) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Pinnacle Financial Partners Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of Pinnacle Financial Partners's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Pinnacle Financial Partners (Pinnacle Financial Partners) Business Description

Traded in Other Exchanges
Address
150 Third Avenue South, Suite 900, Nashville, TN, USA, 37201
Pinnacle Financial Partners Inc is a financial holding company. The company operates through its wholly-owned subsidiary, Pinnacle Bank. The bank provides a full range of lending products, including commercial, real estate, and consumer loans to individuals and small to medium-sized businesses. Pinnacle operates as a community bank primarily in the urban markets of Nashville, Knoxville, Memphis, and Chattanooga, Tennessee, as well as surrounding counties. Its strategy relies heavily on mergers and acquisitions. A majority of its loan portfolio is in commercial loans, primarily real estate, as well as industrial loans. The bank generates a majority of its net revenue through net interest income.
Executives
Mccabe Robert A Jr director 500 CHURCH ST, STE 200, NASHVILLE TN 37219
Harold R Carpenter officer: CFO
Charles E Brock director PO BOX 2007, DALTON GA 30722
Hugh M Queener other: Former CAO
Gregory L Burns director 203 LYNWOOD BLVD, C/O BASS BERRY & SIMS, NASHVILLE TN 37205
Joseph C Galante director 111 TENTH AVENUE, SUITE 200, NASHVILLE TN 37203
M Terry Turner officer: President & CEO
Smith Reese L Iii director
Gary L Scott director C/O MID-AMERICA BANCSHARES, INC, 7651 HIGHWAY 70 SOUTH, NASHVILLE TN 37221
Decosta Jenkins director 150 THIRD AVENUE SOUTH STE 900, NASHVILLE TN 37201
Callicutt Richard D Ii director, officer: Chairman-Carolinas & Virginia 3980 PREMIER DRIVE, SUITE 210, HIGH POINT NC 27265
Ronald L Samuel director, officer: Vice Chairman 111 TENTH AVENUE SOUTH, SUITE 200, NASHVILLE TN 37203
David B Ingram director TWO INGRAM BLVD, LA VERGNE TN 37089
Farnsworth Thomas C Iii director 101 WEST CHICKASAW PKWY., MEMPHIS TN 38111
G Kennedy Thompson director 3000 HANOVER STREET, PALO ALTO CA 94304