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
UPSIDE: 5.41%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Banks, Insurers & Asset Managers 85% confidence

Primary model: P/Tangible Book × ROE Quality

Valuation Signal Fair Value Mild
Trading 2.3% below fair value
Current Price $77.79
Bear Case $48.85 37.2% downside ($48.85 - $77.79) / $77.79 = -37.2% ROTCE 8.5% → 1.05x TBV
Fair Value $79.65 2.4% upside ($79.65 - $77.79) / $77.79 = 2.4% ROTCE 11.3% → 1.72x TBV
Bull Case $98.12 26.1% upside ($98.12 - $77.79) / $77.79 = 26.1% ROTCE 13.0% → 2.12x TBV

Adjust Assumptions

11.3%
8.3%

Key Value Driver

ROTCE (11.3%) vs. cost of equity (8.3%)

Implied Market Multiple 1.69x

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 $79.65 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