Is Bank of Hawaii Corp. overvalued or undervalued?

As of 17 October 2024, the valuation grade for Bank of Hawaii Corp. has moved from very attractive to very expensive. This indicates that the company is currently overvalued. The P/E ratio stands at 25, significantly higher than peers such as Atlantic Union Bankshares Corp. with a P/E of 17.81 and First BanCorp (Puerto Rico) at 11.44. Additionally, the company's Price to Book Value is 2.28, and the EV to EBITDA ratio is 15.31, both suggesting a premium valuation compared to its industry counterparts.
In comparison to its peers, Bank of Hawaii Corp. shows a notable disparity in valuation metrics, reinforcing the conclusion of being overvalued. The company's recent stock performance has outpaced the S&P 500 over the past year, returning 19.21% against the index's 10.26%, but this does not mitigate the high valuation levels reflected in the ratios. Overall, the analysis suggests that Bank of Hawaii Corp. is overvalued based on its current financial metrics and peer comparisons.