Is First Hawaiian, Inc. overvalued or undervalued?

As of 21 November 2025, the valuation grade for First Hawaiian, Inc. has moved from fair to attractive, indicating a more favorable assessment of its value. The company appears to be undervalued, supported by a P/E ratio of 14, which is competitive against peers like Hancock Whitney Corp. at 12.21 and Ameris Bancorp at 13.35. Additionally, the price-to-book value stands at 1.26, and the EV to EBITDA ratio is 6.56, suggesting that the company is trading at reasonable multiples compared to its earnings potential.
In terms of peer comparison, First Hawaiian, Inc. has a PEG ratio of 2.57, which is higher than Hancock Whitney Corp.'s 0.44, indicating that while First Hawaiian may have growth potential, it is priced higher relative to its growth rate. Despite recent underperformance with a year-to-date return of -5.20% compared to the S&P 500's 12.26%, the long-term outlook remains positive, as evidenced by a 5-year return of 14.45%, albeit still trailing the S&P 500's 85.61%. This suggests that while the stock may be undervalued at present, it has the potential for recovery and growth in the future.