Is Bank of Hawaii Corp. overvalued or undervalued?

As of 30 June 2025, the valuation grade for Bank of Hawaii Corp. has moved from expensive to very expensive, indicating a significant increase in perceived overvaluation. The company is currently considered overvalued based on its P/E ratio of 25, which is notably higher than peers such as Atlantic Union Bankshares Corp. at 17.24 and Independent Bank Corp. at 18.40. Additionally, the Price to Book Value stands at 2.28, and the EV to EBITDA ratio is 15.31, further supporting the conclusion of overvaluation.
In terms of performance, Bank of Hawaii Corp. has underperformed relative to the S&P 500, with a year-to-date return of -4.58% compared to the index's 12.22%. Over the past three years, the stock has declined by 14.35%, while the S&P 500 has surged by 70.41%. This stark contrast in returns reinforces the notion that Bank of Hawaii Corp. is currently overvalued in the market.