Is First Hawaiian, Inc. overvalued or undervalued?

As of 7 November 2025, the valuation grade for First Hawaiian, Inc. moved from fair to attractive, indicating a more favorable assessment of the company's worth. The company appears to be undervalued, particularly when considering its P/E ratio of 14, which is lower than the peer average of approximately 14.32, and its EV to EBITDA ratio of 6.56, which also suggests a competitive valuation compared to peers like Hancock Whitney Corp. with a P/E of 12.21. Additionally, the Price to Book Value stands at 1.26, reflecting a reasonable valuation relative to its book value.
In terms of performance, First Hawaiian has faced challenges, with a year-to-date return of -4.32%, significantly underperforming the S&P 500's return of 14.40% during the same period. However, the company's strong ROCE of 20.51% and a high dividend yield of 398.39% could provide a buffer against its recent stock performance. Overall, First Hawaiian, Inc. presents an attractive investment opportunity given its valuation metrics and potential for recovery.