As of Aug 14, 2026, FHB's PE to growth ratio of 0.65 reflects its valuation relative to its growth rate. This result reflects a P/E ratio of 12.03 measured against EPS growth of 18.6%. When compared to the trailing 4-quarter average of 0.59, FHB's PEG ratio reflects a 11% increase.
First Hawaiian's ten years historical PEG ratio has a mean of 1.67. Compared to historical data, FHB's 0.65 PEG ratio represents a drop of 61%. FHB hit its maximum PEG ratio of 12.52 during the Dec 2022 quarter over the last ten years. The Dec 2018 quarter marked the lowest reading at 0.25, indicating the most favorable growth-adjusted valuation.
| Year | PEG ratio | PE ratio | Growth YoY |
|---|---|---|---|
| 2025 | 0.5 | 11.45 | 22.8% |
| 2024 | N/A | 14.42 | -2.2% |
| 2023 | N/A | 12.42 | -11.5% |
| 2022 | 12.52 | 12.52 | 1% |
| 2021 | 0.3 | 13.27 | 44.1% |
| 2020 | N/A | 16.49 | -33.2% |
| 2019 | 1.24 | 13.48 | 10.9% |
| 2018 | 0.25 | 11.66 | 46.2% |
| 2017 | N/A | 22.11 | -20% |
| 2016 | 2.71 | 21.1 | 7.8% |
| 2015 | N/A | N/A | -1.3% |
| 2014 | N/A | N/A | N/A |
| Year | PEG ratio | PE ratio | Growth YoY |
|---|---|---|---|
| Jun 2026 | 0.68 | 12.74 | 18.6% |
| Mar 2026 | 0.45 | 10.81 | 23.9% |
| Dec 2025 | 0.5 | 11.45 | 22.8% |
| Sep 2025 | 0.71 | 12.11 | 17.1% |
| Jun 2025 | 1.06 | 12.87 | 12.1% |
| Mar 2025 | 2.33 | 13.28 | 5.7% |
| Dec 2024 | N/A | 14.42 | -2.2% |
| Sep 2024 | N/A | 13.23 | -16.3% |
| Jun 2024 | N/A | 12 | -20.3% |
| Mar 2024 | N/A | 12.62 | -18.7% |
| Dec 2023 | N/A | 12.42 | -11.5% |
| Sep 2023 | 0.86 | 8.64 | 10% |
| Jun 2023 | 0.5 | 8.3 | 16.7% |
| Mar 2023 | 2.84 | 9.64 | 3.4% |
| Dec 2022 | 12.52 | 12.52 | 1% |
FHB's PEG ratio today is lower than the 3, 5 and 10-year averages.
With a PEG of 0.65, FHB stands higher than the Financial Services sector and the industry average. Looking at the Financial Services sector average of 0.46, First Hawaiian's PEG is 41% higher.
FHB reports a PEG ratio higher than that of peer stocks NRIM and NKSH.
Based on Aug 14, 2026 data, FHB has a PEG ratio of 0.65.
FHB's 3-year PEG ratio average is 0.94.
FHB's 5-year PEG ratio average is 1.81.
FHB's PEG ratio topped out at 12.52 during the Dec 2022 quarter - the highest in ten years.
At present, FHB's PEG ratio is 61% lower than its 10-year historical average.
Computing the PEG ratio involves dividing the PE ratio by the company's earnings per share growth (YoY TTM). As of Aug 14, 2026, First Hawaiian has a PE ratio of 12.03. Earnings grew at 18.6% over the TTM period ending Jun 2026. Applying the formula, this gives a PEG ratio of 0.65. PEG RATIO(0.65) = PE RATIO(12.03) / EPS GROWTH(18.6%)
All PEG ratio stats are based on quarterly TTM periods, unless otherwise specified.