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First Horizon price to book ratio FHN

Market value divided by the book value of the company's net assets, since 2010.

Today, Oct 23, 2026
1.2×
10-year median
1.2×
Against its 10-year history
54th
percentile: 0 is its lowest day, 100 its highest
10-year range
0.5× to 2.0×
Peer median
1.2×

First Horizon's price to book ratio is 1.2× as of Oct 23, 2026.

That is above its ten-year median of 1.2×, close to the middle of its last ten years.

Over that time it ranged from 0.5× in Apr 2020 to 2.0× in Mar 2017.

The median for 10 diversified banks of a similar size is 1.2×.

Price to book ratio over time

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

YearEnd of yearLowHigh
2026 so far1.2×1.2×1.4×
20251.3×1.0×1.3×
20241.2×0.9×1.2×
20230.9×0.6×1.7×
20221.6×1.1×1.7×
20211.1×1.0×1.3×
20200.9×0.5×1.1×
20191.1×0.9×1.1×
20180.9×0.9×1.9×
20171.8×1.5×2.0×
20161.9×1.2×2.0×
20151.5×1.3×1.7×
20141.4×1.2×1.4×
20131.3×1.1×1.3×
20121.1×0.8×1.1×
20110.9×0.7×1.3×
20100.9×0.7×0.9×

Against its peers

Companies in Banks - Diversified nearest First Horizon's size, closest first, today.

CompanyPrice to book ratio
FHNFirst Horizon1.2×
UMBFUMB Financial1.3×
CFRCullen/Frost Bankers2.1×
ONBOld National Bancorp1.1×
ZIONZions Bancorporation, National Association1.3×
PNFPPinnacle Financial Partners1.0×
BOKFBOK Financial1.3×
VLYValley National Bancorp1.0×
FNBFNB0.9×
FULTFulton Financial1.2×
WSFSWSFS Financial1.5×
Peer median1.2×

What the price to book ratio tells you

Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.

Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.

More on First Horizon

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.