Is First Hawaiian, Inc. overvalued or undervalued?

As of 25 July 2025, the valuation grade for First Hawaiian, Inc. has moved from fair to attractive, indicating a positive shift in its perceived value. The company appears to be undervalued, supported by a P/E ratio of 14, which is competitive compared to peers like Hancock Whitney Corp. at 12.21 and Ameris Bancorp at 13.35. Additionally, First Hawaiian's EV to EBITDA stands at 6.56, and its Price to Book Value is 1.26, both of which suggest a favorable valuation relative to its industry.
In terms of performance, First Hawaiian's stock has returned 10.00% over the past year, while the S&P 500 has returned 17.14% during the same period, indicating that the stock has underperformed the broader market. However, with a high dividend yield of 398.39% and a ROCE of 20.51%, the company showcases strong operational efficiency and returns on capital, further reinforcing its attractive valuation.