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Bank of Hawaii Corp (BOH.PA) stock analysis

BOH.PANYSEState Commercial BanksFiscal year ends December 31Also trades as BOH, BOH.PB
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Oct 26, 2026Score 16/302% below fair value
$14.01−0.37 (-2.57%)

Close on Oct 30, 2026Market cap $2.75BP/E 13.0Yield 4.01%

StockData Score

Prices as of Oct 30, 2026How the score works

Value3Growth2Performance3Health3Dividend5

Solid16 of 30 checks passed

Bank of Hawaii passes 16 of the 30 checks behind our score; 4 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.

Valuation
3/6
Growth
2/6
Past performance
3/6
Financial health
3/6
Dividend
5/6

What stands out

  • Trading below fair value

    The share price of $69.77 is below our fair value estimate of $71.01.

  • Modest borrowings

    Borrowings other than deposits are 27.1% of equity.

  • Earnings grew over 5 years

    Net income grew 6.0% a year on average over the last five fiscal years.

  • Earnings growth accelerating

    Net income grew 37.6% over the last twelve months, against a 5-year average of 6.0% a year.

What to watch

  • Margin of safety under 20%

    The price is 1.7% below fair value, less than the 20% cushion we look for.

  • Return on equity under 15%

    Return on equity was 13.0% over the last twelve months and averaged 13.3% over five years; we look for 15% on both.

  • Revenue growing under 10% a year

    Revenue grew 2.7% a year over the last three fiscal years, short of the 10% we look for.

  • EPS growing under 10% a year

    Diluted EPS grew -5.5% a year over the last three fiscal years.

Valuation3/6

  • P/E below its 5-year median

    Bank of Hawaii's P/E of 13.0 is below its own 5-year median of 14.7.

  • P/E above the industry

    Bank of Hawaii's P/E of 13.0 is above the Commercial Banks median of 12.3.

  • P/S below the industry

    Bank of Hawaii's price-to-sales of 3.61 is below the Commercial Banks median of 3.64.

  • P/B above the industry

    Bank of Hawaii's price-to-book of 1.47 is above the Commercial Banks median of 1.27.

  • Trading below fair value

    The share price of $69.77 is below our fair value estimate of $71.01.

  • Margin of safety under 20%

    The price is 1.7% below fair value, less than the 20% cushion we look for.

Growth2/6

  • Revenue growing under 10% a year

    Revenue grew 2.7% a year over the last three fiscal years, short of the 10% we look for.

  • EPS growing under 10% a year

    Diluted EPS grew -5.5% a year over the last three fiscal years.

  • Earnings growth accelerating

    Net income grew 37.6% over the last twelve months, against a 5-year average of 6.0% a year.

  • Growing faster than the industry

    Revenue grew 13.6% over the last twelve months; the Commercial Banks median is 11.4%.

  • Company guidance

    No outlook found in earnings releases from the last twelve months.

  • Gross margin trend

    Banks and insurers do not report gross profit.

Past performance3/6

  • Return on equity under 15%

    Return on equity was 13.0% over the last twelve months and averaged 13.3% over five years; we look for 15% on both.

  • Return on assets under 1%

    Return on assets was 1.0%; for a bank or insurer, 1% or more is considered good.

  • Return on equity above the industry

    Bank of Hawaii's return on equity of 13.0% is above the Commercial Banks median of 11.2%.

  • Earnings grew over 5 years

    Net income grew 6.0% a year on average over the last five fiscal years.

  • Net margin below its 5-year average

    Net margin was 30.9% over the last twelve months, against a 5-year average of 136%.

  • Net margin above the industry

    Bank of Hawaii's net margin of 30.9% is above the Commercial Banks median of 30.0%.

Financial health3/6

  • Thin capital

    Equity is 7.9% of total assets; 8% or more is a comfortable cushion.

  • Loans funded by deposits

    Needs loans and deposits.

  • Adequate loan-loss reserve

    The allowance for credit losses is not reported.

  • Efficient operations

    Non-interest expense takes 59.0% of revenue; under 60% is efficient for a bank.

  • Deposits growing

    Deposits grew 0.5% over the past year.

  • Modest borrowings

    Borrowings other than deposits are 27.1% of equity.

Dividend5/6

  • Pays a dividend

    Bank of Hawaii paid dividends worth 4.0% of the share price over the last twelve months.

  • Yield below Treasuries

    The 4.0% yield is below the 4.4% on a 1-year Treasury.

  • Yield in the top quarter

    The top quarter of US dividend payers yield 4.0% or more; Bank of Hawaii yields 4.0%.

  • Dividend not cut

    The dividend per share has not fallen by more than 10% in any of the last 10 fiscal years.

  • Covered by earnings

    Dividends take 47.9% of net income.

  • Covered by free cash flow

    Dividends take 55.1% of free cash flow.

Scores of similar companies

Fair value

How we estimate it

Our estimate per share

$71.01

The share price is 2% below this estimate.

20%+ below
Near fair value
20%+ above
$69.77Price
MethodMultiple usedOwn 5Y medianIndustry medianValue per shareWeight
P/E13.5×14.7×12.3×$72.3250%
P/B1.5×1.7×1.3×$69.7050%
Fair value$71.01100%

Valuation over time

Using the earnings and balance sheet published at each date, not today's.

  • P/E at month end
  • Own 5-year median 14.7
  • Commercial Banks median 12.3

An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.

Market risk

From the past year of daily prices.

Liquidity

Low risk

Average value traded per day
$34.63M
Value traded per 1% price move
$29.18M

Downside

Low risk

Typical loss in a bad month
11.5%
Volatility (annualized)
23%
Sharpe ratio, 1 year
0.17
Beta to the S&P 500 (5Y)
0.80

Typical bad-month loss, week by week

25%: high

Margins

Share of revenue, fiscal years 2011 to 2025

Net margin

168.9%+146.3 pts over 5 years