Bank of Hawaii Corporation (BOH) Financial Ratios
30 years of historical data (1996–2025) · Financial Services · Banks - Regional
EV/EBITDA
↓
7.33
↓-29% vs avg
5yr avg: 10.25
30Y Low6.0·High28.7
P/FCF
↑
17.07
+19% vs avg
5yr avg: 14.30
30Y Low3.5·High27.0
P/B Ratio
↓
1.71
↓-11% vs avg
5yr avg: 1.92
30Y Low1.1·High4.0
ROE
↓
11.7%
-12% vs avg
5yr avg: 13.3%
30Y Low9%·High26%
Debt/EBITDA
↓
0.30
↓-88% vs avg
5yr avg: 2.41
30Y Low0.3·High23.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
BOH Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Bank of Hawaii Corporation trades at 17.1x earnings, 7% above its 5-year average of 16.1x, sitting at the 67th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.6x, the stock trades at a premium of 26%. On a free-cash-flow basis, the stock trades at 17.1x P/FCF, 19% above the 5-year average of 14.3x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.1B | $2.7B | $2.8B | $2.9B | $3.1B | $3.4B | $3.1B | $3.9B | $2.8B | $3.7B | $3.8B |
| Enterprise Value | $2.3B | $1.9B | $2.8B | $2.7B | $4.0B | $3.7B | $3.5B | $4.4B | $3.1B | $4.2B | $4.4B |
| P/E Ratio → | 17.14 | 14.80 | 20.59 | 17.50 | 14.15 | 13.40 | 19.85 | 17.12 | 12.87 | 19.79 | 20.97 |
| P/S Ratio | 2.90 | 2.52 | 2.75 | 2.96 | 4.09 | 4.87 | 4.18 | 5.02 | 3.93 | 5.30 | 5.84 |
| P/B Ratio | 1.71 | 1.48 | 1.70 | 2.02 | 2.34 | 2.08 | 2.22 | 3.01 | 2.23 | 2.96 | 3.27 |
| P/FCF | 17.07 | 14.84 | 16.76 | 20.29 | 10.14 | 9.46 | 27.02 | 21.45 | 10.00 | 25.24 | 17.99 |
| P/OCF | 14.41 | 12.53 | 15.85 | 19.02 | 9.27 | 8.90 | 20.88 | 16.51 | 8.89 | 20.85 | 16.79 |
P/E links to full P/E history page with 30-year chart
BOH EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Bank of Hawaii Corporation's enterprise value stands at 7.3x EBITDA, 29% below its 5-year average of 10.2x. The Financial Services sector median is 11.4x, placing the stock at a 36% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.74 | 2.73 | 2.76 | 5.30 | 5.40 | 4.85 | 5.66 | 4.37 | 6.02 | 6.81 |
| EV / EBITDA | 7.33 | 6.01 | 12.26 | 10.23 | 12.36 | 10.39 | 15.99 | 13.82 | 11.03 | 14.77 | 16.27 |
| EV / EBIT | 7.90 | 6.49 | 14.21 | 11.72 | 13.77 | 11.43 | 18.74 | 15.26 | 11.62 | 15.49 | 17.07 |
| EV / FCF | — | 10.21 | 16.66 | 18.90 | 13.16 | 10.49 | 31.33 | 24.19 | 11.11 | 28.69 | 20.97 |
BOH Profitability
Margins and return-on-capital ratios measuring operating efficiency
Bank of Hawaii Corporation earns an operating margin of 26.8%, above the Financial Services sector average of 20.3%. Operating margins have expanded from 23.5% to 26.8% over the past 3 years, signaling improving operational efficiency. ROE of 11.7% is modest. ROIC of 10.0% represents adequate returns on invested capital versus a sector median of 5.5%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 67.4% | 67.4% | 60.3% | 66.6% | 93.5% | 103.1% | 77.0% | 86.3% | 89.3% | 90.8% | 93.1% |
| Operating Margin | 26.8% | 26.8% | 19.2% | 23.5% | 38.5% | 47.2% | 25.9% | 37.1% | 37.6% | 38.9% | 39.9% |
| Net Profit Margin | 19.0% | 19.0% | 14.6% | 17.7% | 29.9% | 36.8% | 21.0% | 29.3% | 30.5% | 26.8% | 27.9% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 11.7% | 11.7% | 9.7% | 12.5% | 15.4% | 17.0% | 11.6% | 17.7% | 17.6% | 15.4% | 15.9% |
| ROA | 0.9% | 0.9% | 0.6% | 0.7% | 1.0% | 1.2% | 0.8% | 1.3% | 1.3% | 1.1% | 1.1% |
| ROIC | 10.0% | 10.0% | 6.4% | 7.1% | 9.2% | 11.3% | 6.7% | 10.7% | 10.4% | 10.2% | 9.8% |
| ROCE | 2.2% | 2.2% | 7.4% | 9.6% | 13.7% | 17.3% | 10.9% | 17.3% | 16.4% | 16.1% | 16.2% |
BOH Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Bank of Hawaii Corporation carries a Debt/EBITDA ratio of 0.3x, which is very conservative (93% below the sector average of 4.3x). The company holds a net cash position — cash of $947M exceeds total debt of $92M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of just 0.8x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.05 | 0.05 | 0.45 | 0.57 | 0.94 | 0.35 | 0.56 | 0.62 | 0.50 | 0.62 | 0.69 |
| Debt / EBITDA | 0.30 | 0.30 | 3.26 | 3.10 | 3.82 | 1.58 | 3.47 | 2.53 | 2.25 | 2.72 | 2.94 |
| Net Debt / Equity | — | -0.46 | -0.01 | -0.14 | 0.70 | 0.23 | 0.35 | 0.38 | 0.25 | 0.41 | 0.54 |
| Net Debt / EBITDA | -2.73 | -2.73 | -0.07 | -0.75 | 2.83 | 1.02 | 2.20 | 1.56 | 1.10 | 1.78 | 2.31 |
| Debt / FCF | — | -4.63 | -0.10 | -1.39 | 3.01 | 1.03 | 4.31 | 2.74 | 1.11 | 3.45 | 2.97 |
| Interest Coverage | 0.83 | 0.83 | 0.50 | 0.72 | 5.12 | 11.06 | 3.77 | 3.19 | 4.23 | 5.76 | 6.44 |
Net cash position: cash ($947M) exceeds total debt ($92M)
BOH Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Bank of Hawaii Corporation's current ratio of 11.00x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 0.17x to 11.00x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 11.00 | 11.00 | 0.14 | 0.17 | 0.16 | 0.22 | 0.23 | 0.19 | 0.17 | 0.18 | 0.18 |
| Quick Ratio | 11.00 | 11.00 | 0.14 | 0.17 | 0.16 | 0.22 | 0.23 | 0.19 | 0.17 | 0.18 | 0.18 |
| Cash Ratio | 10.24 | 10.24 | 0.04 | 0.05 | 0.02 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.01 |
| Asset Turnover | — | 0.04 | 0.04 | 0.04 | 0.03 | 0.03 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
BOH Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Bank of Hawaii Corporation returns 3.8% to shareholders annually — split between a 3.6% dividend yield and 0.3% buyback yield. A payout ratio of 54.9% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 5.8% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 3.6% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 54.9% | 54.9% | 74.9% | 65.3% | 49.8% | 43.7% | 69.9% | 46.7% | 44.9% | 47.1% | 44.7% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.8% | 6.8% | 4.9% | 5.7% | 7.1% | 7.5% | 5.0% | 5.8% | 7.8% | 5.1% | 4.8% |
| FCF Yield | 5.9% | 6.7% | 6.0% | 4.9% | 9.9% | 10.6% | 3.7% | 4.7% | 10.0% | 4.0% | 5.6% |
| Buyback Yield | 0.3% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 3.8% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $40M | $40M | $39M | $40M | $40M | $40M | $41M | $42M | $43M | $43M |
Peer Comparison
Compare BOH with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 BOHYou | $3B | 17.1 | 7.3 | 17.1 | 67.4% | 26.8% | 11.7% | 10.0% | 0.3 |
 HBCP | $520M | 11.3 | 7.5 | 11.7 | 70.5% | 27.7% | 11.1% | 7.7% | 1.0 |
 CPF | $947M | 12.6 | 6.7 | 11.0 | 76.1% | 27.8% | 13.7% | 10.6% | 1.0 |
 HBB | $274M | 10.5 | 6.3 | 24.8 | 25.7% | 6.0% | 15.2% | 14.0% | 1.0 |
 INBK | $223M | -6.3 | — | 5.8 | 13.7% | -15.8% | -9.5% | -5.1% | — |
 WAFD | $3B | 14.0 | 13.3 | 13.6 | 50.9% | 20.5% | 7.5% | 3.9% | 6.1 |
 COLB | $7B | 13.4 | 12.1 | 10.4 | 67.7% | 23.4% | 8.5% | 5.4% | 4.5 |
 BANR | $2B | 11.6 | 9.5 | 9.0 | 79.0% | 29.5% | 10.5% | 7.7% | 1.5 |
 FHB | $3B | 12.9 | 9.2 | 11.5 | 73.1% | 30.3% | 10.3% | 9.4% | — |
 HFBL | $62M | 16.0 | 8.3 | 11.4 | 63.9% | 14.4% | 7.2% | 5.9% | 0.7 |
 PFIS | $628M | 10.7 | 11.5 | 14.5 | 66.6% | 25.7% | 12.0% | 7.7% | 3.6 |
| Financial Services Median | — | 13.6 | 11.4 | 11.1 | 64.1% | 20.3% | 9.0% | 5.5% | 4.3 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Includes 30+ ratios · 30 years · Updated daily
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BOH — Frequently Asked Questions
Quick answers to the most common questions about buying BOH stock.
What is Bank of Hawaii Corporation's P/E ratio?
Bank of Hawaii Corporation's current P/E ratio is 17.1x. The historical average is 15.7x. This places it at the 67th percentile of its historical range.
What is Bank of Hawaii Corporation's EV/EBITDA?
Bank of Hawaii Corporation's current EV/EBITDA is 7.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.0x.
What is Bank of Hawaii Corporation's ROE?
Bank of Hawaii Corporation's return on equity (ROE) is 11.7%. The historical average is 15.6%.
Is BOH stock overvalued?
Based on historical data, Bank of Hawaii Corporation is trading at a P/E of 17.1x. This is at the 67th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Bank of Hawaii Corporation's dividend yield?
Bank of Hawaii Corporation's current dividend yield is 3.57% with a payout ratio of 54.9%.
What are Bank of Hawaii Corporation's profit margins?
Bank of Hawaii Corporation has 67.4% gross margin and 26.8% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Bank of Hawaii Corporation have?
Bank of Hawaii Corporation's Debt/EBITDA ratio is 0.3x, indicating low leverage. A ratio below 2x is generally considered financially healthy.