Latest Ratios: P/E Ratio 13.3x · EV/EBITDA 7.2x · ROE 13.7%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $997M | $836M | $790M | $533M | $559M | $796M | $536M | $848M | $721M | $914M | $981M |
| Enterprise Value | $721M | $559M | $597M | $197M | $594M | $613M | $606M | $1.0B | $938M | $956M | $1.1B |
| P/E Ratio → | 13.31 | 10.86 | 14.75 | 9.07 | 7.57 | 9.95 | 14.40 | 14.57 | 12.11 | 22.26 | 20.95 |
| P/S Ratio | 2.75 | 2.31 | 2.32 | 1.67 | 2.02 | 3.06 | 2.08 | 3.29 | 3.11 | 4.26 | 4.88 |
| P/B Ratio | 1.73 | 1.41 | 1.47 | 1.06 | 1.23 | 1.43 | 0.98 | 1.60 | 1.47 | 1.83 | 1.94 |
| P/FCF | 11.58 | 9.71 | 10.47 | 5.76 | 5.84 | 9.01 | 10.55 | 13.05 | 7.19 | 10.13 | 13.90 |
| P/OCF | 10.23 | 8.58 | 8.73 | 5.07 | 4.90 | 7.20 | 6.98 | 11.75 | 6.97 | 9.44 | 12.83 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.54 | 1.75 | 0.62 | 2.14 | 2.36 | 2.35 | 4.06 | 4.04 | 4.46 | 5.60 |
| EV / EBITDA | 7.16 | 5.56 | 7.74 | 2.34 | 5.55 | 5.28 | 9.87 | 12.13 | 10.61 | 10.97 | 12.92 |
| EV / EBIT | 7.16 | 5.56 | 8.78 | 2.57 | 6.01 | 5.81 | 12.36 | 13.47 | 11.99 | 12.62 | 15.35 |
| EV / FCF | — | 6.50 | 7.92 | 2.13 | 6.21 | 6.95 | 11.93 | 16.15 | 9.36 | 10.60 | 15.93 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 76.1% | 76.1% | 69.5% | 72.5% | 94.4% | 102.7% | 77.9% | 85.0% | 90.0% | 94.5% | 99.0% |
| Operating Margin | 27.8% | 27.8% | 20.0% | 24.0% | 35.7% | 40.7% | 19.0% | 30.2% | 33.7% | 35.3% | 36.5% |
| Net Profit Margin | 21.4% | 21.4% | 15.7% | 18.4% | 26.7% | 30.7% | 14.5% | 22.6% | 25.6% | 19.2% | 23.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 13.7% | 13.7% | 10.2% | 12.3% | 14.6% | 14.5% | 6.9% | 11.4% | 12.0% | 8.2% | 9.4% |
| ROA | 1.0% | 1.0% | 0.7% | 0.8% | 1.0% | 1.1% | 0.6% | 1.0% | 1.0% | 0.7% | 0.9% |
| ROIC | 10.6% | 10.6% | 7.2% | 8.9% | 11.4% | 11.1% | 4.7% | 7.1% | 8.2% | 8.4% | 7.9% |
| ROCE | 12.5% | 12.5% | 8.5% | 10.5% | 13.5% | 13.6% | 6.5% | 11.1% | 12.0% | 11.9% | 11.5% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.17 | 0.17 | 0.35 | 0.37 | 0.32 | 0.26 | 0.32 | 0.58 | 0.65 | 0.25 | 0.45 |
| Debt / EBITDA | 1.01 | 1.01 | 2.44 | 2.21 | 1.37 | 1.26 | 2.84 | 3.52 | 3.61 | 1.43 | 2.62 |
| Net Debt / Equity | — | -0.47 | -0.36 | -0.67 | 0.08 | -0.33 | 0.13 | 0.38 | 0.44 | 0.08 | 0.28 |
| Net Debt / EBITDA | -2.75 | -2.75 | -2.50 | -3.97 | 0.32 | -1.57 | 1.15 | 2.33 | 2.45 | 0.49 | 1.65 |
| Debt / FCF | — | -3.21 | -2.55 | -3.63 | 0.36 | -2.07 | 1.39 | 3.10 | 2.16 | 0.47 | 2.03 |
| Interest Coverage | 1.37 | 1.37 | 0.72 | 1.06 | 5.78 | 13.69 | 3.33 | 2.41 | 3.09 | 5.10 | 7.97 |
Net cash position: cash ($379M) exceeds total debt ($102M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.14 | 0.14 | 0.14 | 0.17 | 0.12 | 0.30 | 0.22 | 0.24 | 0.26 | 0.28 | 0.28 |
| Quick Ratio | 0.14 | 0.14 | 0.14 | 0.17 | 0.12 | 0.30 | 0.22 | 0.24 | 0.26 | 0.28 | 0.28 |
| Cash Ratio | 0.06 | 0.06 | 0.06 | 0.08 | 0.02 | 0.05 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
| Asset Turnover | — | 0.05 | 0.05 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.9% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 37.9% | 37.9% | 52.7% | 47.9% | 38.6% | 33.7% | 69.6% | 44.1% | 40.6% | 51.7% | 39.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.5% | 9.2% | 6.8% | 11.0% | 13.2% | 10.0% | 6.9% | 6.9% | 8.3% | 4.5% | 4.8% |
| FCF Yield | 8.6% | 10.3% | 9.5% | 17.3% | 17.1% | 11.1% | 9.5% | 7.7% | 13.9% | 9.9% | 7.2% |
| Buyback Yield | 2.3% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 5.2% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $27M | $27M | $27M | $28M | $28M | $28M | $29M | $30M | $31M | $31M |
Geographic and tourism concentration
As reported in recent market data, CPF trades at a P/B of 1.71, which appears to reflect a premium valuation relative to mainland peers, suggesting that investors are pricing in the bank's unique, high-barrier competitive position within the Hawaii market despite its smaller scale.
The current P/B multiple indicates that the market views CPF as a franchise with a defensible moat rather than a commodity balance sheet. However, this valuation implies high expectations for future ROTCE, which may be difficult to sustain if the bank's digital transformation costs continue to weigh on near-term profitability.
Based on the provided quarterly data, the bank's ROE has remained constrained in the 2.1% to 3.9% range, indicating that the combination of a stagnant 0.8% NIM and limited leverage is currently suppressing the overall return on equity for shareholders.
The DuPont analysis suggests that profitability is currently driven more by operational stability than by aggressive asset utilization. Investors should monitor whether the ongoing CPB 2.0 initiative can eventually drive a meaningful expansion in non-interest income to offset the persistent pressure on net interest margins.
According to the company's quarterly performance metrics, the efficiency ratio has hovered near the 49% level, demonstrating a disciplined approach to managing non-interest expenses relative to the bank's total revenue generation capacity in the Hawaii market despite the lack of NIM expansion.
The stability of the efficiency ratio suggests that management is successfully controlling costs during the digital transition. However, the lack of improvement in the NIM, which has remained flat at 0.8% for five quarters, indicates that funding costs are effectively neutralizing the yield gains from the loan portfolio.
As noted in historical financial statements, the P/E ratio is a frequently misapplied metric for CPF because it is highly sensitive to the volatility of quarterly loan loss provisions, which can artificially distort earnings and obscure the bank's underlying operational performance.
Investors should prioritize P/TBV over P/E when evaluating this bank, as the latter is prone to significant swings based on management's subjective economic forecasts for the Hawaii market. Relying on P/E may lead to an inaccurate assessment of the bank's true earnings power during periods of credit cycle adjustment.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying CPF stock.
Central Pacific Financial Corp.'s current P/E ratio is 13.3x. The historical average is 20.5x. This places it at the 26th percentile of its historical range.
Central Pacific Financial Corp.'s current EV/EBITDA is 7.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.4x.
Central Pacific Financial Corp.'s return on equity (ROE) is 13.7%. The historical average is 3.7%.
Based on historical data, Central Pacific Financial Corp. is trading at a P/E of 13.3x. This is at the 26th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Central Pacific Financial Corp.'s current dividend yield is 2.86% with a payout ratio of 37.9%.
Central Pacific Financial Corp. has 76.1% gross margin and 27.8% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Central Pacific Financial Corp.'s Debt/EBITDA ratio is 1.0x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.