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Are Investors Undervaluing First Horizon (FHN) Right Now?
First HorizonFirst Horizon(US:FHN) zacks.comยท2024-05-22 14:46

Core Viewpoint - The article emphasizes the importance of value investing and highlights First Horizon (FHN) as a potentially undervalued stock based on various valuation metrics [2][8]. Valuation Metrics - First Horizon (FHN) has a Zacks Rank of 2 (Buy) and an A grade for Value, indicating strong potential for value investors [4]. - The Forward P/E ratio for FHN is 10.29, significantly lower than the industry average of 12.83, suggesting it may be undervalued [4]. - FHN's P/B ratio stands at 1.02, compared to the industry's average P/B of 1.80, indicating an attractive valuation [5]. - The P/S ratio for FHN is 1.71, which is slightly below the industry's average P/S of 1.74, further supporting its value proposition [6]. - FHN's P/CF ratio is 9.51, well below the industry's average P/CF of 13.92, reinforcing the notion that it is undervalued based on cash flow strength [7]. - Overall, these metrics suggest that FHN is likely undervalued at the moment, making it an impressive value stock [8].