Stock fact sheet · data as of
Bank of Hawaii Corporation (BOH): fair value, margin of safety and Wheel Score
Financial Services · Banks - Regional · United States · High Yield Income
Is BOH undervalued?
At 67.19 (close of 16 Oct 2026), BOH trades 27% under the GLS average fair value of 91.69. 5 of the 9 models that produced a value land above the price. A discount of this size counts as a positive margin of safety in every GLS screen; whether it is enough depends on the rest of the picture - the health score, the moat and the option premium below.
There is a wide gap between GLS Growth (22.63) and Graham Growth (190.41). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
The nightly engine files BOH under High Yield Income: a dividend yield above 4%.
Nine valuation models for BOH
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 59.98 | -11% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 79.73 | +19% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 190.41 | +183% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 72.05 | +7% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 22.63 | -66% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 159.88 | +138% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 133.12 | +98% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 41.20 | -39% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 66.18 | -2% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -540.14 | -904% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 82.67 | +23% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Bank of Hawaii Corporation scores 9 of 9 on the Piotroski F-score, the nine yes/no tests of profitability, leverage and efficiency on the latest annual accounts - a strong reading that passes the Sunday Scan's "6 or more" rule with room to spare. A GLS Moat score of 4.8/10 is a weak reading: the ten-year history the score grades (revenue, EPS, book value, margins, cash flow, share count, ROIC) has not been steady, so the Moat part of the Wheel Score contributes little.
Returns on capital are moderate - ROIC 10.6%, ROE 11.1%, ROA 0.9% - with debt at 0.05 times equity and a free-cash-flow yield of 10.0%.
The dividend yield is high at 4.17% (payout ratio 57%). A yield this size is often the market's way of pricing a risk to the payout, so the health score and cash flow matter more than usual. Revenue comes mainly from Trust and Asset Management 41%, Fees, Exchange, and Other Service Charg… 35%, Service Charges on Deposit Accounts 12% (fiscal year FY2025).
Institutional ownership scores 10/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales; the last recorded insider buy was on 30 Sep 2026.
| Piotroski F-score | 9 / 9 | ROIC | 10.6% |
|---|---|---|---|
| GLS Moat | 4.8 / 10 | ROE | 11.1% |
| Debt / equity | 0.05 | ROA | 0.9% |
| Free-cash-flow yield | 10.0% | Payout ratio | 57% |
| Institutions | 10 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 84: Prime
With a Wheel Score of 84, Bank of Hawaii Corporation sits in the Prime band - price, quality and premium all line up for the wheel strategy. The parts: Value 24/25, Health 20/20, Moat 7/15, Premium 19/20, Stability 14/20. A high score is a ranking, not a signal: it says nothing about timing, the earnings date or your position size.
Implied volatility is 34% on the near-the-money contracts 20-60 days out: some premium, but under the 35-60% range the Wheel Score pays full marks for (19 of 20 points). Chain open interest is 6,084 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 423k shares a day on a market cap of $2.7B, with a beta of 0.71 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 14 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 24 / 25 | 27% margin of safety | |
| Health | 20 / 20 | Piotroski 9/9 | |
| Moat | 7 / 15 | moat 4.8/10 | |
| Premium | 19 / 20 | implied volatility 34% | |
| Stability | 14 / 20 | 423k shares/day, $2.7B cap, beta 0.71 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
Bank of Hawaii Corporation reports earnings on 26 Oct 2026 (before the open) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Banks - Regional
The 12 companies below are the closest to Bank of Hawaii Corporation by market cap within the Banks - Regional industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| BBAR Banco BBVA Argentina S.A. | 12.94 | 110,792.88 | +100% | 84Prime | $2.6B |
| NBTB NBT Bancorp Inc. | 50.71 | 70.30 | +28% | 84Prime | $2.6B |
| BANC Banc of California, Inc. | 17.24 | 17.49 | +1% | 45Weak | $2.7B |
| FBK FB Financial Corporation | 51.48 | 58.33 | +12% | 73Good | $2.6B |
| TRMK Trustmark Corporation | 44.13 | 74.55 | +41% | 87Prime | $2.6B |
| CUBI Customers Bancorp, Inc. | 74.35 | 205.44 | +64% | 78Good | $2.5B |
| FBNC First Bancorp | 60.33 | 52.51 | -15% | 59Fair | $2.5B |
| FRME First Merchants Corporation | 39.48 | 71.94 | +45% | 79Good | $2.5B |
| FRMEP First Merchants Corporation | 25.22 | 59.08 | +57% | 39No options | $2.5B |
| BANR Banner Corporation | 67.34 | 94.59 | +29% | 80Prime | $2.5B |
| PFS Provident Financial Services, Inc. | 21.96 | 38.16 | +42% | 84Prime | $2.9B |
| CLBK Columbia Financial, Inc. | 10.82 | 4.99 | -117% | 64Fair | $2.4B |
⚖ Compare BOH with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about BOH
Is BOH undervalued right now?
By the GLS models, moderately: at 67.19 the stock trades 27% below the average fair value of 91.69 (data as of 16 Oct 2026).
What is the Wheel Score of BOH and what does it mean?
BOH scores 84 out of 100 (Prime). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for BOH?
91.69 per share as of 16 Oct 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Bank of Hawaii Corporation report earnings next?
The next earnings report is due on 26 Oct 2026 (before the open), 10 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does BOH have listed options, and how liquid are they?
Yes. The nightly snapshot found 156 listed contracts with 6,084 open interest across all expiries and implied volatility of 34% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.