Is First Horizon Corp. (Tennessee) overvalued or undervalued?

As of 16 April 2025, the valuation grade for First Horizon Corp. has moved from expensive to fair. The company is currently fairly valued. Key ratios include a P/E ratio of 13, a Price to Book Value of 1.18, and a PEG ratio of 0.43, indicating a potentially attractive investment relative to its growth prospects.
In comparison to peers, First Horizon's P/E ratio of 13 is lower than East West Bancorp, Inc. at 12.82, which is rated attractive, and significantly lower than Ally Financial, Inc. at 17.41, which is considered expensive. The company's recent stock performance has outpaced the S&P 500 over the past year, returning 37.90% compared to the index's 10.26%, reinforcing the notion that it is fairly valued at this time.