Is Bank of Hawaii Corp. overvalued or undervalued?

As of 3 October 2025, the valuation grade for Bank of Hawaii Corp. has moved from very expensive to expensive, indicating a slight improvement but still suggesting that the stock is overvalued. The company is currently assessed as overvalued based on its P/E ratio of 25, which is significantly higher than its peer 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, both of which further support the overvaluation thesis.
In terms of performance, Bank of Hawaii Corp. has underperformed compared to the S&P 500 across multiple timeframes, with a year-to-date return of -8.76% versus the S&P 500's 14.18%, and a 3-year return of -16.22% compared to 82.57% for the index. This underperformance reinforces the notion that the stock may be overvalued relative to its growth prospects and market performance.