Valuation dashboard for First Hawaiian, Inc. (FHB) with P/E 11.53, P/B 1.11, EV/EBITDA 7.9 and dividend yield 4.05%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Financial Services companies.
First Hawaiian, Inc. operates as the holding company for First Hawaiian Bank, providing an extensive array of financial services to both individual consumers and commercial entities throughout the United States. Its activities are organized across three primary segments: Retail Banking, Commercial Banking, and Treasury and Other. The bank facilitates various deposit accounts, including checking, savings, and other specialized deposit products.
What would it be worth at its usual multiples?
At a P/B Kaplio accepts for its ROTCE 15.6 % (1.2×) $29 (+12 %); at its peers' median (1.1×) $25 (-2 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
Analysis Summary
First Hawaiian, Inc. reported revenue of $880.8M in the most recent fiscal year, growing at a 5-year CAGR of 4.4%. Net income reached $276.3M, with a 8.3% 5-year CAGR.
Trailing-twelve-month margins: gross margin 70.4%, operating margin 14.7%, net margin 28.2%.
At $25.71 (closing price, November 2, 2026), FHB trades at a P/E of 11.53 and an ROE of 9.83%. Market capitalisation stands at $3.1B.
Balance sheet quality for FHB: debt-to-equity ratio of 0.00, current ratio of 0.34 over the last 12 months. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.
Valuation Ratios
| P/E Ratio | 11.53 |
| Price / Book | 1.11 |
| EV / EBITDA | 7.9 |
| Dividend Yield | 4.05% |
Peer Comparison
| Symbol | Company | Market Cap | P/E | P/B | ROE |
|---|---|---|---|---|---|
| FHB | First Hawaiian, Inc. | $3.1B | 11.53 | 1.11 | 9.8% |
| BOH | Bank of Hawaii Corporation | $2.8B | 12.58 | 1.53 | 13.3% |
| 0O84.L | DNB Bank ASA | NOK 478.2B | 11.51 | 1.72 | 14.5% |
| MFG | Mizuho Financial Group, Inc. | $118.0B | 13.53 | 1.61 | 12.3% |
| HDB | HDFC Bank Limited | $116.4B | 13.61 | 1.79 | 13.5% |
| IBN | ICICI Bank Limited | $107.2B | 17.24 | 2.61 | 15.9% |
| SBID.L | State Bank of India | $94.7B | 10.23 | 1.42 | 14.3% |
| USB | U.S. Bancorp | $94.2B | 11.79 | 1.42 | 12.6% |
Price
| Price | $25.71 (closing price, November 2, 2026) |
| Market Cap | $3.1B |
| Exchange | NASDAQ |
| Country | US |
Profitability
| Return on Equity | 9.83% |
| Return on Invested Capital | 3.40% |
| Return on Assets | 1.16% |
| Gross Margin | 70.37% |
| Operating Margin | 14.70% |
| Net Margin | 28.16% |
Related companies: BOH · 0O84.L · MFG · HDB · IBN · SBID.L · USB · PNC
Explore sector: Financial Services · Banks - Regional
More sections of FHB: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events
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