As of Jul 2, 2026, FHB's PE to growth ratio of 0.55 reflects its valuation relative to its growth rate. This result reflects a P/E ratio of 13.14 measured against EPS growth of 23.9%. When compared to the trailing 4-quarter average of 0.68, FHB's PEG ratio reflects a 19% decrease.
First Hawaiian's ten years historical PEG ratio has a mean of 1.72. Compared to historical data, FHB's 0.55 PEG ratio represents a drop of 68%. 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 |
|---|---|---|---|
| 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% |
| Sep 2022 | N/A | 12.96 | -9.1% |
FHB's PEG ratio today is lower than the 3 and 5-year averages.
With a PEG of 0.55, FHB stands higher than the Financial Services sector and the industry average. Looking at the Financial Services sector average of 0.48, First Hawaiian's PEG is 15% higher.
FHB reports a PEG ratio higher than that of peer stocks NRIM and NKSH.
| Stock name | PEG ratio | Market cap |
|---|---|---|
| NKSH National Bankshares Inc | 0.13 | $232.77M |
| NRIM Northrim Bancorp Inc | 0.17 | $603.28M |
| FHB First Hawaiian Inc | 0.55 | $3.65B |
Based on Jul 2, 2026 data, FHB has a PEG ratio of 0.55.
FHB's 3-year PEG ratio average is 0.99.
FHB's 5-year PEG ratio average is 1.9.
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 68% 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 Jul 2, 2026, First Hawaiian has a PE ratio of 13.14. Earnings grew at 23.9% over the TTM period ending Mar 2026. Applying the formula, this gives a PEG ratio of 0.55. PEG RATIO(0.55) = PE RATIO(13.14) / EPS GROWTH(23.9%)
All PEG ratio stats are based on quarterly TTM periods, unless otherwise specified.