Is First Hawaiian, Inc. overvalued or undervalued?

As of 24 October 2025, the valuation grade for First Hawaiian, Inc. moved from fair to attractive, indicating a positive shift in its valuation outlook. The company is currently considered undervalued based on its P/E ratio of 14, which is slightly lower than the peer average of 14.32, and its EV to EBITDA ratio of 6.56, which is also competitive within the industry. Additionally, the Price to Book Value stands at 1.26, suggesting that the stock is trading at a reasonable price relative to its book value.
When comparing First Hawaiian to its peers, Hancock Whitney Corp. has a P/E of 12.21, while Ameris Bancorp shows a P/E of 13.35, both indicating that First Hawaiian is positioned favorably within the market. Despite some recent underperformance, particularly in the 3-year and year-to-date returns, where it lagged behind the S&P 500, the company has shown resilience with a 5-year return of 39.37%, which reflects a strong potential for future growth.