Is It Time To Reassess F.N.B (FNB) After Its 36.6% One-Year Rally?

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If you are wondering whether F.N.B at around US$17.71 is still offering value after its recent run, this breakdown helps you see what the current price actually reflects. The stock has had a mixed but strong stretch, with a 0.7% decline over the last week, a 9.5% gain over the past month, a 3.0% return year to date, and a 36.6% return over the last year. Behind these moves, investors have been reacting to a stream of company updates and sector news that has kept regional banks in focus, including commentary around capital strength, credit quality, and balance sheet resilience. Together, these themes help set expectations for how the market is currently pricing F.N.B's risk and earnings profile. On Simply Wall St's valuation model, F.N.B holds a 5 out of 6 valuation score, and the sections that follow compare several common valuation approaches before finishing with a framework that can help you judge the stock's value in a more complete way.

F.N.B delivered 36.6% returns over the last year. See how this stacks up to the rest of the Banks industry.

Approach 1: F.N.B Excess Returns Analysis

The Excess Returns model looks at how much profit a company is expected to earn above the return that shareholders require, then ties that back to its book value per share. For F.N.B, this starts with a Book Value of US$19.12 per share and an estimated Stable EPS of US$1.94 per share, based on weighted future Return on Equity estimates from 5 analysts.

The model compares these earnings to a Cost of Equity of US$1.51 per share, which leaves an estimated Excess Return of US$0.44 per share. That spread reflects how efficiently F.N.B is expected to use its equity base, with an Average Return on Equity of 9.25% and a Stable Book Value estimate of US$21.00 per share, sourced from 6 analysts.

By capitalizing these excess returns on the projected stable book value, the model arrives at an intrinsic value of US$32.57 per share. Compared with the current share price of about US$17.71, this output indicates F.N.B is 45.6% undervalued on this measure.

Result: UNDERVALUED

Our Excess Returns analysis suggests F.N.B is undervalued by 45.6%. Track this in your watchlist or portfolio, or discover 53 more high quality undervalued stocks.FNB Discounted Cash Flow as at Apr 2026

Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for F.N.B.

Approach 2: F.N.B Price vs Earnings

For a profitable company like F.N.B, the P/E ratio is a straightforward way to link what you pay today with the earnings the business is currently producing. Investors usually expect higher P/E ratios when they see stronger growth potential or lower risk, and lower P/E ratios when growth looks more modest or risks feel higher.

Story Continues

F.N.B trades on a P/E of 10.76x. That sits below the Banks industry average P/E of 11.51x and well below the peer group average of 16.36x, which suggests the stock is priced more cautiously than many of its listed banking peers.

Simply Wall St's Fair Ratio for F.N.B comes in at 13.57x. This is a proprietary estimate of what a reasonable P/E could be for the company, given factors such as its earnings profile, industry, profit margins, market value and specific risks. Because it adjusts for these company specific features, the Fair Ratio can be more useful than a simple comparison with industry or peer averages.

Comparing the current P/E of 10.76x with the Fair Ratio of 13.57x suggests F.N.B is trading below the level implied by these fundamentals, based on this metric.

Result: UNDERVALUEDNYSE:FNB P/E Ratio as at Apr 2026

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Upgrade Your Decision Making: Choose your F.N.B Narrative

Earlier it was mentioned that there is an even better way to understand valuation. Narratives on Simply Wall St let you turn your view of F.N.B into a clear story that links what you think about its digital investments, regional focus, risks and opportunities to specific revenue, earnings and margin forecasts. These then roll up into a fair value estimate you can compare with the current price, update automatically as new news or earnings arrive, and see alongside other investors on the Community page. This helps you understand, for example, why one investor might build a higher fair value closer to the US$21.00 analyst target while another leans toward the US$18.00 end of the range.

Do you think there's more to the story for F.N.B? Head over to our Community to see what others are saying!NYSE:FNB 1-Year Stock Price Chart

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include FNB.

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