April 24, 2026, 2:05 AM EDT. First Horizon's (ticker: FHN) share price rose 43% over the past year, prompting debate on whether it's too late to invest. The stock trades at US$24.71, with a price-to-earnings (P/E) ratio of 11.76, close to the banks sector average. Analysts estimate First Horizon's return on equity (ROE) at 12.18%, with the cost of equity at US$1.37 per share, resulting in a $1.02 per share excess return. The intrinsic value per share, combining stable book value and excess returns, is estimated at US$48.27 - suggesting nearly 49% undervaluation. Valuation scores stand at a moderate 3 out of 6, reflecting mixed investor views amid reassessments of regional banks. Investors should consider these metrics against recent gains when evaluating FHN's growth and capital strength potential.