First Hawaiian (FHB) Financial Ratios

For fiscal 2025 (fiscal year ended Dec 31, 2025), First Hawaiian had a P/E ratio of 11.33 (down from 14.42), return on equity of 10.3% (up from 9.0%), debt-to-equity of 0.03 (down from 0.12) and return on assets of 1.2% (up from 0.9%). Its dividend yield was 4.08% with a payout ratio of 47.4%.

First Hawaiian Financial Ratios Analysis

Valuation, profitability, leverage, and liquidity ratios

Income Statement Balance Sheet Cash Flow Ratios

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Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Valuation Ratios
P/E Ratio	11.33	14.42	12.41	12.51	13.25	16.60
Forward P/E	11.49	15.57	13.46	11.27	15.68	15.39
P/S Ratio	3.67	4.18	3.60	4.20	4.67	5.04
P/B Ratio	1.13	1.27	1.17	1.47	1.32	1.12
Price/Tangible Book	1.77	2.06	1.97	2.64	2.14	1.78
Price/FCF	10.32	11.49	12.20	7.97	8.88	17.51
Price/OCF	9.34	10.45	11.44	7.72	8.44	14.72
PEG Ratio	1.60	5.50	9.31	3.57	1.94	-
Enterprise Value Ratios
Profitability & Returns
Return on Equity (ROE)	10.26%	9.02%	9.88%	10.79%	9.84%	6.90%
Return on Assets (ROA)	1.16%	0.94%	0.95%	1.07%	1.12%	0.87%
Leverage & Solvency Ratios
Debt/Equity	0.03	0.12	0.23	0.09	0.03	0.09
Debt/FCF	0.26	1.13	2.39	0.46	0.19	1.41
Liquidity Ratios
Efficiency Ratios
Yield & Distribution Ratios
Earnings Yield	8.83%	6.93%	8.06%	7.99%	7.55%	6.02%
FCF Yield	9.69%	8.70%	8.19%	12.55%	11.27%	5.71%
Dividend Yield	4.08%	3.96%	4.55%	3.98%	3.77%	5.47%
Payout Ratio	47.40%	57.71%	56.45%	49.90%	50.48%	72.73%
Buyback Yield	2.20%	-0.32%	0.05%	1.20%	0.52%	2.37%
Total Return	6.27%	3.64%	4.60%	5.19%	4.29%	7.84%

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About First Hawaiian Financial Ratios

What is First Hawaiian's P/E ratio?

First Hawaiian's P/E ratio was 11.33 for fiscal 2025 (period ended Dec 31, 2025). It was 14.42 a year earlier.

What is First Hawaiian's return on equity?

First Hawaiian's return on equity (ROE) was 10.3% for fiscal 2025 (period ended Dec 31, 2025). It was 9.0% a year earlier.

What is First Hawaiian's debt-to-equity ratio?

First Hawaiian's debt-to-equity ratio was 0.03 for fiscal 2025 (period ended Dec 31, 2025). It was 0.12 a year earlier.

What is return on equity (ROE)?

Return on equity is net income divided by shareholders' equity. It measures how much profit a company generates from the capital its shareholders have invested. Full definition