Bank of Hawaii Corporation logo BOH - Bank of Hawaii Corporation

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY 0
BUY 3
HOLD 9
SELL 3
STRONG
SELL 0
| PRICE TARGET: $82.00 DETAILS
HIGH: $83.00
LOW: $81.00
MEDIAN: $82.00
CONSENSUS: $82.00
DOWNSIDE: 4.48%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Banks, Insurers & Asset Managers 85% confidence

Primary model: P/Tangible Book × ROE Quality

Valuation Signal Overvalued Mild
Trading 4.7% above fair value
Current Price $85.85
Bear Case $50.31 41.4% downside ($50.31 - $85.85) / $85.85 = -41.4% ROTCE 8.5% → 1.10x TBV
Fair Value $82.03 4.4% downside ($82.03 - $85.85) / $85.85 = -4.4% ROTCE 11.3% → 1.79x TBV
Bull Case $101.07 17.7% upside ($101.07 - $85.85) / $85.85 = 17.7% ROTCE 13.0% → 2.20x TBV

Adjust Assumptions

11.3%
8.1%

Key Value Driver

ROTCE (11.3%) vs. cost of equity (8.1%)

Implied Market Multiple 1.87x

Plain-Language Summary

Our base-case estimate uses P/Tangible Book × ROE Quality. We then blend that result with the average analyst price target of $82.00 from 15 analysts, using a 25% weight on analyst consensus. That produces an estimated intrinsic value of $82.03 per share.

Warnings

⚠ Traditional cash flow models don't work well for banks — lending activity distorts how much cash the business actually generates.
⚠ Common valuation shortcuts don't apply here — for banks, interest payments are a core business cost, not overhead.

Key Risks

  • Book value quality matters as much as level — check loan loss reserves
  • Interest rate sensitivity creates non-linear earnings surprises
  • Insurance reserving is actuarial, not financial — errors emerge slowly