Last 45 quarters of trend data · Financial Services · Regional Banks
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 11.13 | 11.84 | 12.21 | 11.20 | 11.29 | 10.52 | 10.76 | 13.00 | 15.82 | 12.06 | 10.81 | 13.07 | 15.45 | 9.81 | 9.19 | 9.92 | 10.50 | 11.40 | 12.34 | 15.49 | 15.53 |
| — | +12.5% | +13.5% | -13.8% | -28.6% | -12.7% | -0.5% | -0.5% | +2.4% | +22.9% | +17.7% | +31.8% | +47.1% | -14.0% | -25.6% | -36.0% | -32.4% | -22.3% | +16.7% | -0.4% | +23.8% | |
| P/S Ratio | 4.19 | 3.27 | 18.33 | 3.45 | 3.48 | 3.56 | 3.75 | 3.83 | 4.61 | 3.69 | 3.40 | 3.57 | 3.61 | 2.96 | 2.88 | 3.17 | 3.94 | 3.93 | 3.99 | 5.31 | 5.12 |
| — | -8.1% | +388.3% | -9.9% | -24.6% | -3.5% | +10.5% | +7.2% | +27.8% | +24.7% | +17.8% | +12.5% | -8.4% | -24.5% | -27.8% | -40.2% | -23.0% | -27.1% | -24.2% | -0.1% | +22.4% | |
| P/B Ratio | 1.13 | 1.07 | 1.27 | 1.10 | 1.13 | 1.14 | 1.17 | 1.17 | 1.27 | 1.12 | 1.04 | 1.12 | 1.18 | 0.98 | 0.98 | 1.13 | 1.47 | 1.43 | 1.29 | 1.56 | 1.32 |
| — | -5.7% | +9.3% | -6.4% | -10.7% | +1.0% | +11.6% | +4.8% | +7.9% | +14.4% | +7.0% | -1.2% | -19.8% | -31.3% | -24.4% | -27.5% | +11.1% | +2.3% | -4.2% | +17.4% | +17.8% | |
| P/FCF | 8.11 | 7.40 | 51.46 | 4.89 | 7.85 | 15.67 | 6.27 | 27.15 | 8.11 | 14.22 | 9.22 | 11.42 | 21.84 | 26.12 | 5.62 | 8.14 | 7.82 | 5.21 | 7.55 | 14.05 | 7.62 |
| — | -52.7% | +720.3% | -82.0% | -3.2% | +10.2% | -32.0% | +137.6% | -62.8% | -45.6% | +64.0% | +40.3% | +179.3% | +401.5% | -25.6% | -42.0% | +2.6% | -76.4% | -27.6% | +136.6% | +1.9% | |
| EV / EBITDA | 12.34 | 3.82 | — | 7.34 | 7.21 | 3.00 | 5.11 | 5.99 | 8.11 | 6.24 | 5.69 | 6.36 | 5.79 | 6.04 | 6.06 | 6.33 | 6.22 | 5.22 | 3.64 | 5.26 | 7.03 |
| — | +27.4% | — | +22.6% | -11.1% | -51.9% | -10.3% | -5.9% | +40.1% | +3.3% | -6.1% | +0.5% | -7.0% | +15.7% | +66.6% | +20.4% | -11.4% | +30.9% | -3.8% | -24.3% | +18.3% | |
| EV / EBIT | 7.93 | 3.82 | — | 8.04 | 7.82 | 3.24 | 5.65 | 6.64 | 9.29 | 7.04 | 6.34 | 7.22 | 6.75 | 6.86 | 6.89 | 7.10 | 6.98 | 5.97 | 4.34 | 6.33 | 8.03 |
| — | +17.8% | — | +21.1% | -15.8% | -53.9% | -10.9% | -8.0% | +37.7% | +2.6% | -8.0% | +1.7% | -3.4% | +14.9% | +58.8% | +12.3% | -13.0% | +28.4% | +2.5% | -22.7% | +15.9% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 96.9% | 91.2% | 88.4% | 97.7% | 96.6% | 97.9% | 97.8% | 94.8% | 100.4% | 96.3% | 99.1% | 96.8% | 97.4% | 96.2% | 97.5% | 95.8% | 98.6% | 98.4% | 99.5% | 103.4% | 100.0% |
| — | -6.9% | -9.7% | +3.1% | -3.8% | +1.7% | -1.2% | -2.0% | +3.1% | +0.2% | +1.6% | +1.1% | -1.2% | -2.3% | -2.0% | -7.4% | -1.4% | -3.8% | -17.2% | +3.4% | +12.2% | |
| Operating Margin | 40.2% | 21.7% | -177.0% | 39.7% | 41.2% | 44.2% | 42.1% | 37.9% | 35.9% | 38.0% | 41.2% | 35.8% | 30.8% | 39.2% | 40.8% | 42.7% | 48.8% | 45.9% | 43.5% | 45.7% | 40.9% |
| — | -51.0% | -520.2% | +4.8% | +14.7% | +16.3% | +2.2% | +5.7% | +16.5% | -3.1% | +1.0% | -16.1% | -36.8% | -14.7% | -6.2% | -6.6% | +19.2% | -5.6% | -34.8% | +0.2% | -6.7% | |
| Net Margin | 31.4% | 27.7% | 149.5% | 30.8% | 31.0% | 33.9% | 35.0% | 29.2% | 29.1% | 30.5% | 31.6% | 27.5% | 23.4% | 29.9% | 31.3% | 32.1% | 37.7% | 34.4% | 32.6% | 34.3% | 33.3% |
| — | -18.4% | +326.9% | +5.4% | +6.3% | +11.0% | +10.8% | +6.2% | +24.3% | +2.2% | +1.0% | -14.4% | -37.8% | -13.2% | -4.1% | -6.4% | +13.3% | -5.7% | -34.4% | -0.1% | -0.9% |
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 10.3% | 2.3% | 2.6% | 2.4% | 2.5% | 2.7% | 2.7% | 2.3% | 2.0% | 2.4% | 2.4% | 2.2% | 2.0% | 2.5% | 2.7% | 2.9% | 3.6% | 3.1% | 2.6% | 2.3% | 2.1% |
| — | -17.0% | -4.3% | +8.8% | +27.5% | +15.0% | +12.1% | +3.7% | +1.5% | -4.3% | -8.2% | -25.4% | -44.8% | -20.3% | +1.8% | +24.4% | +67.6% | +31.2% | -18.3% | +9.9% | -5.8% | |
| ROA | 1.2% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.2% | 0.2% | 0.3% | 0.3% | 0.2% | 0.2% | 0.2% | 0.3% | 0.3% | 0.3% | 0.3% | 0.2% | 0.2% | 0.2% |
| — | -12.8% | -0.5% | +12.8% | +32.0% | +19.7% | +20.0% | +13.2% | +15.9% | +9.3% | +1.5% | -18.6% | -40.9% | -14.2% | +7.3% | +17.1% | +42.7% | +6.4% | -35.2% | -7.7% | -17.8% | |
| ROIC | 9.4% | 1.3% | -2.3% | 2.4% | 2.5% | 2.5% | 2.3% | 2.0% | 1.7% | 1.9% | 2.0% | 1.8% | 1.5% | 1.8% | 2.1% | 2.5% | 3.4% | 3.1% | 2.6% | 2.3% | 1.9% |
| — | -47.8% | -203.0% | +18.4% | +50.6% | +31.7% | +13.2% | +13.3% | +13.8% | +4.5% | -2.9% | -28.1% | -56.5% | -40.5% | -21.4% | +5.3% | +80.0% | +41.0% | -13.0% | +18.3% | -8.2% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | — | — | 0.09 | 0.09 | 0.10 | 0.09 | 0.20 | 0.20 | 0.20 | 0.43 | 0.21 | 0.32 | 0.03 | — | — | — | — |
| — | — | — | — | — | — | -52.7% | -52.5% | -52.5% | -77.8% | -7.5% | -38.2% | +508.5% | — | — | — | — | — | — | — | — | |
| Debt / EBITDA | — | — | — | — | — | — | 2.56 | 2.93 | 3.37 | 2.90 | 5.56 | 6.23 | 6.86 | 11.52 | 5.40 | 7.52 | 0.65 | — | — | — | — |
| — | — | — | — | — | — | -53.9% | -53.0% | -50.9% | -74.8% | +2.9% | -17.1% | +958.6% | — | — | — | — | — | — | — | — | |
| Current Ratio | 0.03 | 0.34 | 0.02 | — | — | 0.20 | 0.10 | 0.09 | 0.08 | 0.18 | 0.18 | 0.18 | 0.20 | 0.19 | 0.18 | 0.20 | 0.19 | 0.21 | 0.26 | 0.09 | 0.46 |
| — | +67.6% | -82.6% | — | — | +12.4% | -45.3% | -51.6% | -59.7% | -8.0% | -3.8% | -8.1% | +9.7% | -7.4% | -28.4% | +134.2% | -59.3% | +70.9% | +141.7% | +29.6% | +548.7% | |
| Quick Ratio | 0.03 | 0.34 | 0.02 | — | — | 0.20 | 0.10 | 0.09 | 0.08 | 0.18 | 0.18 | 0.18 | 0.20 | 0.19 | 0.18 | 0.20 | 0.19 | 0.21 | 0.26 | 0.09 | 0.46 |
| — | +67.6% | -82.6% | — | — | +12.4% | -45.3% | -51.6% | -59.7% | -8.0% | -3.8% | -8.1% | +9.7% | -7.4% | -28.4% | +134.2% | -59.3% | +70.9% | +141.7% | +29.6% | +548.7% | |
| Interest Coverage | 1.23 | 1.83 | -1.42 | 1.41 | 1.40 | 1.31 | 1.20 | 1.03 | 0.80 | 0.82 | 0.88 | 0.78 | 0.70 | 0.92 | 1.18 | 1.92 | 3.59 | 6.74 | 17.21 | 27.99 | 17.62 |
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Includes 30+ ratios · 45 years · Updated daily
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Quick answers to the most common questions about buying FHB stock.
First Hawaiian, Inc.'s current P/E is 11.1x. The average P/E over the last 4 quarters is 11.6x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
First Hawaiian, Inc.'s current operating margin is 40.2%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking First Hawaiian, Inc.'s business trajectory between earnings reports.