Bank of Hawaii (FRA:PIV) Cyclically Adjusted PS Ratio: 4.28 (As of Jul. 26, 2026) — 10% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:PIV Bank of Hawaii Corp FRA:PIV
61 GF Score
Price €71.50
GF Value €64.68
! 6 Warning Signs
View Full Analysis

What is Bank of Hawaii Cyclically Adjusted PS Ratio?

Bank of Hawaii FRA:PIV 61 Cyclically Adjusted PS Ratio is 4.28 as of Jul. 26, 2026, which is 10% below its 10-year median of 4.74. GuruFocus rates FRA:PIV with a GF Score™ of 61/100 and a GF Value™ of €64.68. The stock has 6 warning signs investors should review. Among 1,302 Banks companies, Bank of Hawaii ranks worse than 67.9% on this metric.

As of today (2026-07-26), Bank of Hawaii's current share price is €71.50. Bank of Hawaii's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €16.71. Bank of Hawaii's Cyclically Adjusted PS Ratio for today is 4.28.

The historical rank and industry rank for Bank of Hawaii's Cyclically Adjusted PS Ratio or its related term are showing as below:

FRA:PIV' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.86   Med: 4.74   Max: 6.35
Current: 4.27

During the past years, Bank of Hawaii's highest Cyclically Adjusted PS Ratio was 6.35. The lowest was 1.86. And the median was 4.74.

FRA:PIV's Cyclically Adjusted PS Ratio is ranked worse than
67.9% of 1302 companies
in the Banks industry
Industry Median: 3.41 vs FRA:PIV: 4.27

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Bank of Hawaii's adjusted revenue per share data for the three months ended in Mar. 2026 was €4.160. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is €16.71 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bank of Hawaii  (FRA:PIV) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Bank of Hawaii Cyclically Adjusted PS Ratio Related Terms


Bank of Hawaii Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Bank of Hawaii's Cyclically Adjusted PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Bank of Hawaii Cyclically Adjusted PS Ratio Chart

Bank of Hawaii Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.08 4.38 3.94 3.78 3.53

Bank of Hawaii Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.62 3.51 3.39 3.53 3.77

FRA:PIV vs SBCF, BANC, TOWN: Cyclically Adjusted PS Ratio Comparison

For the Banks - Regional subindustry, Bank of Hawaii's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Bank of Hawaii Cyclically Adjusted PS Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Bank of Hawaii's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Bank of Hawaii's Cyclically Adjusted PS Ratio falls into.


FRA:PIV
61GF Score
Bank of Hawaii Corp FRA:PIV
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bank of Hawaii Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Bank of Hawaii's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=71.50/16.71
=4.28

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Bank of Hawaii's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Bank of Hawaii's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=4.16/330.2130*330.2130
=4.160

Current CPI (Mar. 2026) = 330.2130.

Bank of Hawaii Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 3.087 241.018 4.229
201609 3.144 241.428 4.300
201612 3.389 241.432 4.635
201703 3.606 243.801 4.884
201706 3.263 244.955 4.399
201709 3.110 246.819 4.161
201712 3.257 246.524 4.363
201803 3.095 249.554 4.095
201806 3.261 251.989 4.273
201809 3.335 252.439 4.362
201812 3.592 251.233 4.721
201903 3.591 254.202 4.665
201906 3.651 256.143 4.707
201909 3.812 256.759 4.903
201912 3.937 256.974 5.059
202003 3.871 258.115 4.952
202006 3.949 257.797 5.058
202009 3.511 260.280 4.454
202012 3.494 260.474 4.429
202103 3.405 264.877 4.245
202106 3.448 271.696 4.191
202109 3.537 274.310 4.258
202112 3.854 278.802 4.565
202203 3.803 287.504 4.368
202206 4.121 296.311 4.592
202209 4.338 296.808 4.826
202212 4.442 296.797 4.942
202303 4.142 301.836 4.531
202306 3.897 305.109 4.218
202309 3.682 307.789 3.950
202312 4.120 306.746 4.435
202403 3.588 312.332 3.793
202406 3.641 314.175 3.827
202409 3.651 315.301 3.824
202412 3.871 315.605 4.050
202503 3.900 319.799 4.027
202506 3.755 322.561 3.844
202509 3.855 324.800 3.919
202512 4.048 324.054 4.125
202603 4.160 330.213 4.160

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PS Ratio of 4.28 mean?
Bank of Hawaii (FRA:PIV) has a Cyclically Adjusted PS Ratio of 4.28 as of Jul. 26, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Bank of Hawaii and its competitors. This is 10% below median its historical median of 4.74. Over the past decade, Bank of Hawaii's Cyclically Adjusted PS Ratio has ranged from 1.86 to 6.35. According to the industry distribution chart, Bank of Hawaii ranks #884 out of 1302 companies in the Banks industry, placing it in the top 67.9%.
Is Bank of Hawaii's Cyclically Adjusted PS Ratio too high?
Bank of Hawaii's current Cyclically Adjusted PS Ratio of 4.28 is 10% below median its 10-year median of 4.74. Over the past 10 years, this metric has ranged from a low of 1.86 to a high of 6.35. The Banks industry median Cyclically Adjusted PS Ratio is 3.41. Bank of Hawaii's value of 4.28 is 25.5% above this industry median. Based on the distribution chart, Bank of Hawaii ranks #884 out of 1302 companies in the Banks industry, which is below the industry midpoint. Overall, Bank of Hawaii has a GF Score™ of 61/100, reflecting its overall financial health beyond just this single metric.
How does Bank of Hawaii's Cyclically Adjusted PS Ratio compare to SBCF and BANC?
According to the Banks industry distribution chart, Bank of Hawaii ranks #884 out of 1302 companies for Cyclically Adjusted PS Ratio. This places Bank of Hawaii in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.41. Bank of Hawaii's value of 4.28 is 25.5% above this benchmark. Historically, Bank of Hawaii's own Cyclically Adjusted PS Ratio has ranged from 1.86 to 6.35 over the past decade. While the company's 10-year median is 4.74 vs. the industry median of 3.41, Bank of Hawaii has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for a Banks company?
The median Cyclically Adjusted PS Ratio among Banks companies is 3.41, based on 1,302 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Bank of Hawaii's current Cyclically Adjusted PS Ratio of 4.28 is 25.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Bank of Hawaii and its competitors. For the Banks industry, the median Cyclically Adjusted PS Ratio is 3.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bank of Hawaii's current Cyclically Adjusted PS Ratio is 4.28, which is 10% below median its own 10-year median of 4.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bank of Hawaii stock overvalued right now?
Bank of Hawaii (FRA:PIV) has a current Cyclically Adjusted PS Ratio of 4.28. The stock's GF Value™ is €64.68, compared to a current price of €71.50 — trading 10.5% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 4.28, which is 10% below median its 10-year median of 4.74 and 25.5% above the Banks industry median of 3.41. Bank of Hawaii's overall GF Score™ is 61/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Bank of Hawaii (FRA:PIV), the current Cyclically Adjusted PS Ratio is 4.28 as of Jul. 26, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Bank of Hawaii (FRA:PIV) Overvalued in 2026?

Based on GuruFocus' analysis, Bank of Hawaii stock appears to be overvalued. The current stock price of €71.50 is trading 10.5% above its estimated GF Value™ of €64.68.

Key valuation signals for FRA:PIV:

  • Cyclically Adjusted PS Ratio: 4.28 (10% below median its 10-year median of 4.74)
  • GF Value™: €64.68 vs. price of €71.50 (10.5% above fair value)
  • GF Score™: 61/100 with 6 warning signs
  • Industry Position: 25.5% above the Banks median (#884 of 1302)

No single metric tells the full story. See the FRA:PIV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bank of Hawaii Business Description

Other Exchanges BOH:USA
Address 130 Merchant Street, Honolulu, HI, USA, 96813
Bank of Hawaii Corp provides a broad range of financial products and services predominantly to customers in Hawaii, Guam, and other Pacific Islands. The Bank's subsidiaries are engaged in equipment leasing, securities brokerage, investment advisory services, and providing credit insurance. It is organized into three business segments for management reporting purposes: Consumer Banking, Commercial Banking, and Treasury and Other. Majority of the revenue is generated from Consumer Banking segment which offers a broad range of financial products and services, including loan, deposit and insurance products; private banking and international client banking services; trust services; investment management; and institutional investment advisory services.
61GF Score

Get the complete analysis for FRA:PIV

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€71.50
Price
€64.68
GF Value