Black Hills EV/EBIT BKH

Enterprise value divided by operating profit over the last twelve months, one-off items taken out, since 2011.

Today, Oct 23, 2026: 19.1×
10-year median: 18.0×
Against its 10-year history: 72nd; percentile: 0 is its lowest day, 100 its highest
10-year range: 13.1× to 23.6×
Peer median: 22.3×

Black Hills' EV/EBIT is 19.1× as of Oct 23, 2026.

That is above its ten-year median of 18.0×, higher than on 72% of days in the last ten years.

Over that time it ranged from 13.1× in Feb 2018 to 23.6× in Apr 2022.

The median for 10 electric utilities of a similar size is 22.3×.

EV/EBIT over time

median 18×

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	19.1×	17.8×	19.5×
2025	18.1×	16.2×	18.7×
2024	17.7×	16.1×	18.6×
2023	17.2×	16.5×	21.3×
2022	20.9×	18.8×	23.6×
2021	21.2×	17.3×	21.7×
2020	17.6×	15.7×	20.4×
2019	19.3×	17.4×	20.2×
2018	17.3×	13.1×	18.1×
2017	14.1×	13.8×	19.2×
2016	18.7×	14.4×	22.7×
2015	14.5×	12.9×	15.3×
2014	15.0×	13.7×	15.7×
2013	14.0×	11.9×	14.6×
2012	12.8×	12.5×	16.7×
2011	16.2×	14.3×	16.3×

Against its peers

Companies in Regulated Electric nearest Black Hills' size, closest first, today.

Company	EV/EBIT
BKHBlack Hills	19.1×
TXNMTXNM Energy	24.0×
ORAOrmat Technologies	23.4×
PORPortland General Electric	17.4×
NWENorthWestern Energy	23.9×
IDAIdacorp	28.9×
OTTROtter Tail	14.2×
OGEOGE Energy	20.2×
AVAAvista	9.3×
PNWPinnacle West Capital	21.3×
LNTAlliant Energy	31.5×
Peer median	22.3×

Where Black Hills ranks

What the EV/EBIT tells you

What the whole business costs against its operating profit. Enterprise value is the market value plus borrowings and minority interests, less cash. EBIT is operating profit before interest and tax, with one-offs taken out. Unlike PE it is not moved by how a company is financed.

Leases are left out of debt for every company. Banks earn on their balance sheet, so EV/EBIT does not describe them.

More on Black Hills

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.