First Hawaiian, Inc. (FHB) P/E Ratio History
Fairly ValuedTrading at 11.1x, near 5Y avg of 12.0x · 25th percentile · In line with own history · Data 2016–2026
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P/E Ratio Analysis
As of November 8, 2026, First Hawaiian, Inc. (FHB) trades at a price-to-earnings ratio of 11.1x, with a stock price of $24.98 and trailing twelve-month earnings per share of $2.24.
The current P/E is roughly in line with its 5-year average of 12.0x. Over the past five years, FHB's P/E has ranged from a low of 8.3x to a high of 14.5x, placing the current valuation at the 25th percentile of its historical range.
Compared to the Financial Services sector median P/E of 12.0x, FHB is roughly in line with its sector peers. The sector includes 762 companies with P/E ratios ranging from 0.0x to 190.1x.
The PEG ratio of 1.24 (P/E divided by 23% EPS growth) suggests a fair valuation relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, FHB trades at a notable discount to the S&P 500 median P/E of 21.8x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our FHB DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
FHB Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
FHB P/E vs Peers
Mid-Cap Regional Banks peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $3B | 11.2 | 3.05 | +34%Best | |
| $9B | 10.2 | - | -10% | |
| $2B | 8.5Lowest | 1.40 | +22% | |
| $2B | 12.1 | 1.05 | +16% | |
| $479M | 10.8 | 0.69 | +28% | |
| $3B | 17.1 | 5.40 | +6% | |
| $31B | 12.7 | 0.85 | +14% | |
| $8B | 11.6 | 1.42 | +13% | |
| $10B | 11.2 | 0.57 | +12% | |
| $4B | 10.2 | 0.50Best | +1% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
FHB Historical P/E Data (2016–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q3 | Sep 30 2026 | $24.62 | $2.23 | 11.0x | -20% |
| FY2026 Q2 | - | $29.30 | $2.30 | 12.7x | -8% |
| FY2026 Q1 | - | $24.64 | $2.28 | 10.8x | -22% |
| FY2025 Q4 | Dec 31 2025 | $25.30 | $2.20 | 11.5x | -17% |
| FY2025 Q3 | - | $24.83 | $2.05 | 12.1x | -13% |
| FY2025 Q2 | Jun 30 2025 | $24.96 | $1.94 | 12.9x | -7% |
| FY2025 Q1 | Mar 31 2025 | $24.44 | $1.84 | 13.3x | -4% |
| FY2024 Q4 | - | $25.95 | $1.79 | 14.5x | +4% |
| FY2024 Q3 | Sep 30 2024 | $23.15 | $1.75 | 13.2x | -5% |
| FY2024 Q2 | Jun 30 2024 | $20.76 | $1.73 | 12.0x | -14% |
| FY2024 Q1 | Mar 31 2024 | $21.96 | $1.74 | 12.6x | -9% |
| FY2023 Q4 | Dec 31 2023 | $22.86 | $1.84 | 12.4x | -11% |
| FY2023 Q3 | Sep 30 2023 | $18.05 | $2.09 | 8.6x | -38% |
| FY2023 Q2 | Jun 30 2023 | $18.01 | $2.17 | 8.3x | -40% |
| FY2023 Q1 | Mar 31 2023 | $20.63 | $2.14 | 9.6x | -31% |
| FY2022 Q4 | Dec 31 2022 | $26.04 | $2.07 | 12.6x | -9% |
| FY2022 Q3 | Sep 30 2022 | $24.63 | $1.89 | 13.0x | -6% |
| FY2022 Q2 | - | $22.71 | $1.85 | 12.3x | -12% |
| FY2022 Q1 | - | $27.89 | $2.06 | 13.5x | -2% |
| FY2021 Q4 | Dec 31 2021 | $27.33 | $2.05 | 13.3x | -4% |
| FY2021 Q3 | - | $29.35 | $2.08 | 14.1x | +2% |
| FY2021 Q2 | Jun 30 2021 | $28.34 | $2.08 | 13.6x | -2% |
| FY2021 Q1 | Mar 31 2021 | $27.37 | $1.56 | 17.5x | +26% |
| FY2020 Q4 | - | $23.58 | $1.42 | 16.6x | +20% |
| FY2020 Q3 | Sep 30 2020 | $14.47 | $1.47 | 9.8x | -29% |
| FY2020 Q2 | - | $17.24 | $1.53 | 11.3x | -19% |
| FY2020 Q1 | - | $16.53 | $1.92 | 8.6x | -38% |
| FY2019 Q4 | - | $28.85 | $2.14 | 13.5x | -3% |
| FY2019 Q3 | Sep 30 2019 | $26.70 | $2.06 | 13.0x | -7% |
| FY2019 Q2 | Jun 30 2019 | $25.87 | $2.00 | 12.9x | -7% |
| FY2019 Q1 | Mar 31 2019 | $26.05 | $1.96 | 13.3x | -4% |
| FY2018 Q4 | Dec 31 2018 | $22.51 | $1.93 | 11.7x | -16% |
| FY2018 Q3 | Sep 30 2018 | $27.16 | $1.57 | 17.3x | +25% |
| FY2018 Q2 | Jun 30 2018 | $29.02 | $1.49 | 19.5x | +40% |
| FY2018 Q1 | Mar 31 2018 | $27.83 | $1.40 | 19.9x | +43% |
| FY2017 Q4 | Dec 31 2017 | $29.18 | $1.32 | 22.1x | +59% |
| FY2017 Q3 | Sep 30 2017 | $30.29 | $1.65 | 18.4x | +32% |
| FY2017 Q2 | Jun 30 2017 | $30.62 | $1.61 | 19.0x | +37% |
| FY2017 Q1 | Mar 31 2017 | $29.92 | $1.59 | 18.8x | +36% |
| FY2016 Q4 | Dec 31 2016 | $34.82 | $1.65 | 21.1x | +52% |
| FY2016 Q3 | Sep 30 2016 | $26.86 | $1.60 | 16.8x | +21% |
Average P/E for displayed period: 13.9x
FHB Chart Terminal
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Intrinsic Valuation
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Historical Returns
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Peer Comparison
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FHB — Frequently Asked Questions
Quick answers to the most common questions about buying FHB stock.
What is FHB's P/E ratio?
First Hawaiian, Inc. (FHB) trailing twelve-month P/E ratio is 11.1x, based on TTM diluted EPS of $2.24. The 5-year average P/E is 12.0x and the historical range spans 8.3x to 14.5x.
Is FHB stock overvalued or undervalued?
FHB trades at 11.1x P/E, near its 5-year average of 12.0x. The 25th percentile ranking within the 8.3x–14.5x historical range places valuation within normal bounds.
Is FHB stock expensive?
FHB is fairly valued relative to its own history. The current P/E of 11.1x is near the 5-year average of 12.0x (25th percentile of historical range).
What is FHB's historical P/E range?
Over the past 5 years, FHB's P/E ratio has ranged from 8.3x to 14.5x, with a median of 12.6x and an average of 12.0x. The current P/E of 11.1x places the stock at the 25th percentile of this range. Full historical data spans 2016–2026.
How does FHB's P/E compare to the S&P 500?
FHB trades at 11.1x P/E versus the S&P 500 median of 21.8x. The 49% discount to the market suggests lower growth expectations or perceived higher risk.
How does FHB's valuation compare to Financial Services peers?
First Hawaiian, Inc. P/E of 11.1x compares to the Financial Services sector median of 12.0x. The discount suggests lower growth expectations, weaker margins, or higher perceived risk relative to peers. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is FHB's PEG ratio?
FHB PEG ratio is 1.24, based on a P/E of 11.1x and EPS growth of 22.9%. A PEG between 1 and 2 suggests valuation aligns with growth expectations — typically considered fair.
What is FHB's earnings yield?
FHB earnings yield is 8.98%, the inverse of its 11.1x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.