First Hawaiian, Inc. (FHB) P/E Ratio History
Historical price-to-earnings valuation from 2016 to 2025
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FHB Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 6, 2026, First Hawaiian, Inc. (FHB) trades at a price-to-earnings ratio of 12.6x, with a stock price of $27.62 and trailing twelve-month earnings per share of $2.23.
The current P/E is roughly in line with its 5-year average of 12.6x. Over the past five years, FHB's P/E has ranged from a low of 8.3x to a high of 17.5x, placing the current valuation at the 40th percentile of its historical range.
Compared to the Financial Services sector median P/E of 13.4x, FHB is roughly in line with its sector peers. The sector includes 774 companies with P/E ratios ranging from 0.0x to 195.8x.
The PEG ratio of 1.40 (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 25.2x. 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 P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $3B | 23.3 | - | -16% | |
| $7B | 13.1 | - | -10% | |
| $3B | 13.6 | 4.40 | +5% | |
| $2B | 11.7 | 1.01 | +16% | |
| $504M | 11.0 | 0.71 | +28%Best | |
| $3B | 13.6 | 4.27 | +6% | |
| $26B | 12.0 | 0.80 | +14% | |
| $10B | 16.7 | 5.60 | +1% | |
| $10B | 13.3 | 0.67 | +12% | |
| $5B | 11.0Lowest | 0.54Best | +1% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
FHB Historical P/E Data (2016–2025)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2025 Q4 | Wed Dec 31 2025 00:00:00 GM | $25.30 | $2.20 | 11.5x | -18% |
| FY2025 Q3 | $24.83 | $2.05 | 12.1x | -14% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $24.96 | $1.94 | 12.9x | -9% |
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $24.44 | $1.84 | 13.3x | -6% |
| FY2024 Q4 | $25.95 | $1.79 | 14.5x | +3% | |
| FY2024 Q3 | Mon Sep 30 2024 00:00:00 GM | $23.15 | $1.75 | 13.2x | -6% |
| FY2024 Q2 | Sun Jun 30 2024 00:00:00 GM | $20.76 | $1.73 | 12.0x | -15% |
| FY2024 Q1 | Sun Mar 31 2024 00:00:00 GM | $21.96 | $1.74 | 12.6x | -10% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $22.86 | $1.84 | 12.4x | -12% |
| FY2023 Q3 | Sat Sep 30 2023 00:00:00 GM | $18.05 | $2.09 | 8.6x | -39% |
| FY2023 Q2 | Fri Jun 30 2023 00:00:00 GM | $18.01 | $2.17 | 8.3x | -41% |
| FY2023 Q1 | Fri Mar 31 2023 00:00:00 GM | $20.63 | $2.14 | 9.6x | -31% |
Average P/E for displayed period: 14.1x
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Start ComparisonFHB — Frequently Asked Questions
Quick answers to the most common questions about buying FHB stock.
Is FHB stock overvalued or undervalued?
FHB trades at 12.6x P/E, near its 5-year average of 12.6x. The 40th percentile ranking places valuation within normal historical bounds.
How does FHB's valuation compare to peers?
First Hawaiian, Inc. P/E of 12.6x compares to sector median of 13.4x. The discount suggests lower growth expectations or higher risk.
What is FHB's PEG ratio?
FHB PEG ratio is 1.40. Between 1-2 suggests valuation aligns with growth. Historical P/E data spans 2016-2025.