Pinnacle Financial Partners, Inc. (PNFP) Key Metrics
PNFP valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $14.31B
- Enterprise value
- $18.48B
- P/E (TTM)
- 13.0 10-yr median 13.0
- Forward P/E
- 8.2
- PEG ratio
- 1.41
- Price / sales
- 4.3 10-yr median 3.8
- Price / book
- 1.0 10-yr median 1.1
- EV / EBITDA
- — 10-yr median 4.4
- Dividend yield
- 2.11% $2.00 a year
- Beta
- 1.03
PNFP key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsPNFP valuation Price multiples at each fiscal year-end price.
PNFP returns How much profit the business earns on the capital it uses.
PNFP per-share figures Results divided by the shares outstanding at year-end.
PNFP financial health Debt, liquidity and how easily interest is covered.
PNFP efficiency & capital use Working capital cycle and where the cash goes.
PNFP valuation history
PNFP returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
PNFP debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
PNFP cash returned to shareholders
PNFP price vs earnings per share
PNFP key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $7.42B | $8.82B | $6.69B | $5.59B | $7.25B | $4.87B | $4.91B | $3.57B | $4.26B | $3.03B |
| Enterprise value | −$2.88B | $2.43B | $3.00B | $1.97B | −$217.8M | −$553.4M | $3.94B | $1.87B | $3.02B | $2.38B |
| P/E ratio | 11.6 | 18.6 | 11.9 | 10.0 | 13.8 | 15.6 | 12.3 | 9.9 | 24.5 | 23.8 |
| Price / sales | 2.5 | 3.1 | 2.7 | 3.6 | 6.0 | 4.1 | 4.1 | 3.4 | 6.0 | 7.0 |
| Price / book | 1.1 | 1.4 | 1.1 | 1.0 | 1.4 | 1.0 | 1.1 | 0.9 | 1.2 | 2.0 |
| Price / free cash flow | 11.2 | 10.9 | 16.7 | 10.3 | 11.4 | 12.6 | 12.5 | 8.0 | 38.0 | 22.4 |
| Price / operating cash flow | 9.8 | 9.8 | 14.0 | 9.2 | 11.0 | 11.4 | 11.3 | 7.6 | 25.7 | 19.9 |
| EV / sales | -1.0 | 0.9 | 1.2 | 1.3 | -0.2 | -0.5 | 3.3 | 1.8 | 4.2 | 5.5 |
| EV / EBITDA | — | 3.6 | 3.8 | 2.6 | — | — | 7.8 | 4.4 | 11.0 | 12.4 |
| EV / free cash flow | — | 3.0 | 7.5 | 3.6 | — | — | 10.1 | 4.2 | 26.9 | 17.6 |
| Earnings yield | 8.7% | 5.4% | 8.4% | 10.0% | 7.3% | 6.4% | 8.2% | 10.1% | 4.1% | 4.2% |
| Free cash flow yield | 9.0% | 9.1% | 6.0% | 9.7% | 8.7% | 8.0% | 8.0% | 12.5% | 2.6% | 4.5% |
| Dividend yield | 1.2% | 1.0% | 1.3% | 1.5% | 1.0% | 1.2% | 1.0% | 1.3% | 0.8% | 0.8% |
| Shareholder yield (dividends + buybacks) | 1.5% | 1.1% | 1.3% | 1.6% | 1.0% | 2.3% | 2.3% | 1.9% | 0.8% | 0.8% |
| Share price at fiscal year-end | $95.41 | $114.39 | $87.22 | $73.40 | $95.50 | $64.40 | $64.00 | $46.10 | $66.30 | $69.30 |
| Per share | ||||||||||
| Revenue per share | $37.59 | $37.00 | $32.29 | $20.35 | $16.02 | $15.85 | $15.57 | $13.55 | $11.11 | $9.86 |
| Earnings per share | $8.26 | $6.16 | $7.33 | $7.37 | $6.95 | $4.13 | $5.22 | $4.64 | $2.70 | $2.91 |
| Operating cash flow per share | $9.76 | $11.72 | $6.24 | $7.95 | $8.66 | $5.66 | $5.66 | $6.08 | $2.58 | $3.48 |
| Free cash flow per share | $8.56 | $10.47 | $5.22 | $7.10 | $8.35 | $5.13 | $5.11 | $5.77 | $1.75 | $3.09 |
| Cash per share | $164.88 | $115.71 | $84.29 | $61.80 | $117.66 | $96.65 | $50.92 | $48.26 | $49.25 | $33.85 |
| Book value per share | $90.60 | $83.39 | $78.75 | $72.50 | $69.94 | $64.83 | $56.74 | $51.21 | $57.64 | $34.22 |
| Tangible book value per share | $66.44 | $59.14 | $54.29 | $47.78 | $45.53 | $40.22 | $32.37 | $27.28 | $28.65 | $21.27 |
| Dividends per share | $1.16 | $1.09 | $1.09 | $1.10 | $0.93 | $0.75 | $0.65 | $0.59 | $0.56 | $0.57 |
| Capex per share | $1.21 | $1.26 | $1.02 | $0.85 | $0.31 | $0.53 | $0.55 | $0.31 | $0.83 | $0.39 |
| Debt per share | $32.43 | $32.80 | $36.17 | $14.23 | $19.29 | $24.94 | $38.27 | $26.26 | $29.86 | $18.94 |
| Shares outstanding | 77.7M | 77.1M | 76.6M | 76.1M | 75.9M | 75.7M | 76.8M | 77.5M | 64.3M | 43.7M |
| Change in shares outstanding | +0.8% | +0.6% | +0.7% | +0.3% | +0.4% | −1.4% | −0.9% | +20.4% | +47.1% | +15.2% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 9.5% | 7.6% | 9.7% | 10.4% | 10.3% | 6.7% | 9.6% | 9.4% | 6.7% | 9.6% |
| Return on invested capital (ROIC) | — | 39.8% | 26.5% | — | — | — | 14.2% | 15.2% | 10.5% | 17.5% |
| Return on assets (ROA) | 1.2% | 0.9% | 1.3% | 1.4% | 1.4% | 1.0% | 1.5% | 1.5% | 1.0% | 1.3% |
| Return on tangible assets | 1.2% | 0.9% | 1.2% | 1.4% | 1.4% | 0.9% | 1.5% | 1.6% | 0.9% | 1.2% |
| Free cash flow margin | 22.8% | 28.3% | 16.2% | 34.9% | 52.2% | 32.4% | 32.8% | 42.6% | 15.7% | 31.4% |
| Income quality (OCF / net income) | 1.18 | 1.90 | 0.85 | 1.08 | 1.25 | 1.37 | 1.08 | 1.31 | 0.95 | 1.20 |
| Financial health | ||||||||||
| Total debt | $2.52B | $2.53B | $2.77B | $1.08B | $1.46B | $1.89B | $2.94B | $2.03B | $1.92B | $828.5M |
| Cash & short-term investments | $12.82B | $8.92B | $6.46B | $4.70B | $8.93B | $7.31B | $3.91B | $3.74B | $3.17B | $1.48B |
| Net debt | −$10.30B | −$6.39B | −$3.69B | −$3.62B | −$7.47B | −$5.43B | −$970.7M | −$1.70B | −$1.25B | −$651.8M |
| Debt / equity | 0.36 | 0.39 | 0.46 | 0.20 | 0.28 | 0.38 | 0.67 | 0.51 | 0.52 | 0.55 |
| Debt / assets | 0.04 | 0.05 | 0.06 | 0.03 | 0.04 | 0.05 | 0.11 | 0.08 | 0.09 | 0.07 |
| Net debt / EBITDA | −11.51 | −9.41 | −4.65 | −4.77 | −10.59 | −13.02 | −1.92 | −4.00 | −4.55 | −3.40 |
| Current ratio | 1.07 | 0.21 | 0.17 | 0.14 | 0.29 | 0.27 | 0.20 | 0.20 | 0.19 | 270.67 |
| Quick ratio | 1.07 | 0.21 | 0.17 | 0.14 | 0.45 | 0.41 | 0.23 | 0.20 | 0.25 | 309.78 |
| Interest coverage | 0.6 | 0.4 | 0.7 | 2.9 | 6.6 | 1.9 | 1.6 | 2.1 | 3.2 | 5.0 |
| Working capital | $3.29B | −$33.99B | −$32.14B | −$30.31B | −$22.44B | −$20.44B | −$16.36B | −$15.16B | −$13.37B | $1.50B |
| Invested capital | −$3.25B | $37.4M | $2.35B | $1.90B | −$2.16B | −$520.9M | $3.39B | $2.26B | $2.46B | $844.9M |
| Tangible asset value | $5.17B | $4.56B | $4.16B | $3.64B | $3.46B | $3.04B | $2.48B | $2.11B | $1.84B | $930.0M |
| Net current asset value | $1.09B | −$37.02B | −$35.25B | −$31.58B | −$24.13B | −$22.61B | −$19.46B | −$17.25B | −$15.27B | −$8.19B |
| Graham number | $129.75 | $107.50 | $113.99 | $109.61 | $104.55 | $77.60 | $81.65 | $73.12 | $59.23 | $47.33 |
| Graham net-net per share | −$111.19 | −$480.64 | −$459.91 | −$415.33 | −$352.39 | −$326.18 | −$257.91 | −$222.85 | −$244.36 | −$189.92 |
| Capital allocation | ||||||||||
| Dividends paid | $89.9M | $84.2M | $83.9M | $83.4M | $70.7M | $57.0M | $49.8M | $45.5M | $35.9M | $24.7M |
| Share buybacks (net) | $21.1M | $14.4M | $3.7M | $5.5M | $3.8M | $53.3M | $61.4M | $20.7M | $0 | $0 |
| Dividend payout ratio | 14.0% | 17.7% | 14.9% | 14.9% | 13.4% | 18.2% | 12.4% | 12.6% | 20.6% | 19.4% |
| Dividends + buybacks / free cash flow | 16.7% | 12.2% | 21.9% | 16.4% | 11.7% | 28.4% | 28.4% | 14.8% | 32.0% | 18.3% |
| Capex / revenue | 3.2% | 3.4% | 3.2% | 4.2% | 1.9% | 3.3% | 3.5% | 2.3% | 7.5% | 4.0% |
| Capex / operating cash flow | 12.4% | 10.7% | 16.4% | 10.6% | 3.5% | 9.3% | 9.7% | 5.0% | 32.3% | 11.2% |
| Capex / depreciation | 0.82 | 0.98 | 0.99 | 1.03 | 0.44 | 0.88 | 5.05 | — | — | 91.71 |
| Stock-based compensation / revenue | 1.5% | 1.4% | 1.7% | 2.6% | 2.1% | 1.6% | 1.8% | 1.7% | 2.7% | 2.5% |
| SG&A / revenue | 31.6% | 23.8% | 22.8% | 34.7% | 37.8% | 30.8% | 28.9% | 28.5% | 32.4% | 36.0% |
| Efficiency | ||||||||||
| Days sales outstanding | 2,444.6 | 27.6 | 27.9 | 30.6 | 30.4 | 28.7 | 25.1 | 23.8 | 21.9 | 21.1 |
| Days of inventory on hand | — | — | 16.3 | -3,036.7 | -14,745.5 | -2,136.4 | -346.9 | -633.6 | -1,696.3 | -682.3 |
| Days payables outstanding | 79.7 | 15.4 | 13.3 | 18.7 | 59.4 | 30.4 | 36.5 | 25.4 | 25.1 | 26.2 |
| Cash conversion cycle (days) | 2,364.9 | 12.2 | 30.9 | -3,024.7 | -14,774.5 | -2,138.1 | -358.3 | -635.1 | -1,699.6 | -687.4 |
| Receivables turnover | 0.15 | 13.23 | 13.07 | 11.92 | 11.99 | 12.72 | 14.57 | 15.31 | 16.69 | 17.31 |
| Payables turnover | 4.58 | 23.71 | 27.41 | 19.55 | 6.14 | 12.01 | 10.01 | 14.37 | 14.51 | 13.95 |
| Inventory turnover | — | — | 22.37 | — | — | — | — | — | — | — |
| Asset turnover | 0.05 | 0.06 | 0.06 | 0.04 | 0.03 | 0.04 | 0.05 | 0.04 | 0.04 | 0.04 |
| Average receivables | $19.57B | $215.8M | $189.3M | $130.0M | $101.4M | $94.3M | $82.1M | $68.5M | $42.8M | $24.9M |
| Average payables | $217.6M | $61.3M | $43.2M | $16.0M | $18.7M | $33.6M | $32.9M | $17.0M | $8.0M | $4.1M |
| Average inventory | — | — | $53.0M | −$2.60B | −$4.64B | −$2.36B | −$312.7M | −$424.9M | −$541.4M | −$106.4M |
| Intangibles / total assets | 3.3% | 3.6% | 3.9% | 4.5% | 4.8% | 5.3% | 6.7% | 7.4% | 8.4% | 5.1% |
Computed from PNFP's annual financial statements (latest annual report filed March 2, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
PNFP valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Pinnacle Financial Partners traded at 11.6 times earnings, against a 10-year median of 13.0. Based on the latest twelve months, the trailing P/E is 13.0 and the forward P/E is 8.2. Pinnacle Financial Partners earned a return on equity of 9.5% in fiscal 2025. It ended the year with $2.5 billion of debt and $12.8 billion in cash and short-term investments, a net cash position of $10.3 billion. It returned $111.0 million to shareholders: $89.9 million in dividends and $21.1 million in share buybacks, 17% of free cash flow. The share count rose 77.8% from 43.7M to 77.7M over 9 years.
See the PNFP income statement, the PNFP chart for price history, or the PNFP stock overview for the latest quote and news.
PNFP key metrics FAQ
What is Pinnacle Financial Partners's P/E ratio?
Pinnacle Financial Partners's trailing P/E ratio is 13.0 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 8.2. At the end of fiscal 2025 it was 11.6, compared with a 10-year median of 13.0.
What is Pinnacle Financial Partners's return on equity?
Pinnacle Financial Partners's return on equity (ROE) was 9.5% in fiscal 2025: net income of $642.1 million on average shareholders' equity of $6.7 billion.
How much debt does Pinnacle Financial Partners have?
Pinnacle Financial Partners had total debt of $2.5 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.36 and more cash than debt.
What is Pinnacle Financial Partners's dividend yield?
Pinnacle Financial Partners's forward dividend yield is 2.11%. Pinnacle Financial Partners paid $89.9 million in dividends in fiscal 2025 ($1.16 per share), a payout ratio of 14.0%.
Does Pinnacle Financial Partners buy back its shares?
Yes. Pinnacle Financial Partners spent $21.1 million on net share repurchases in fiscal 2025 Shares outstanding changed +0.8% over the year, to 77.7M..
What is Pinnacle Financial Partners's free cash flow yield?
Pinnacle Financial Partners generated $665.2 million of free cash flow in fiscal 2025, a free cash flow yield of 9.0% on its market value at year-end ($7.4 billion).
What is Pinnacle Financial Partners's current ratio?
Pinnacle Financial Partners's current ratio was 1.07 at the end of fiscal 2025: current assets were 1.07 times current liabilities.