Pinnacle Financial Partners, Inc. logo PNFP - Pinnacle Financial Partners, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY 0
BUY 14
HOLD 7
SELL 0
STRONG
SELL 0
| PRICE TARGET: $116.57 DETAILS
HIGH: $122.00
LOW: $109.00
MEDIAN: $116.00
CONSENSUS: $116.57
UPSIDE: 15.84%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Banks, Insurers & Asset Managers 85% confidence

Primary model: P/Tangible Book × ROE Quality

Valuation Signal Fair Value Mild
Trading 8.1% below fair value
Current Price $100.63
Bear Case $76.63 23.9% downside ($76.63 - $100.63) / $100.63 = -23.9% ROTCE 9.3% → 0.89x TBV
Fair Value $109.47 8.8% upside ($109.47 - $100.63) / $100.63 = 8.8% ROTCE 12.4% → 1.41x TBV
Bull Case $142.31 41.4% upside ($142.31 - $100.63) / $100.63 = 41.4% ROTCE 14.3% → 1.72x TBV

Adjust Assumptions

12.4%
10.0%

Key Value Driver

ROTCE (12.4%) vs. cost of equity (10.0%)

Implied Market Multiple 1.5x

Plain-Language Summary

Our base-case estimate uses P/Tangible Book × ROE Quality. We then blend that result with the average analyst price target of $116.57 from 21 analysts, using a 25% weight on analyst consensus. That produces an estimated intrinsic value of $109.47 per share.

Warnings

⚠ Traditional cash flow models don't work well for banks — lending activity distorts how much cash the business actually generates.
⚠ Common valuation shortcuts don't apply here — for banks, interest payments are a core business cost, not overhead.

Key Risks

  • Book value quality matters as much as level — check loan loss reserves
  • Interest rate sensitivity creates non-linear earnings surprises
  • Insurance reserving is actuarial, not financial — errors emerge slowly