Black Hills PE ratio BKH

Share price divided by earnings per share over the last twelve months, since 2011.

Today, Oct 23, 2026: 20.1×
10-year median: 17.7×
Against its 10-year history: 79th; percentile: 0 is its lowest day, 100 its highest
10-year range: 12.7× to 233×
Peer median: 21.6×

Black Hills' PE ratio is 20.1× as of Oct 23, 2026: a share price of $79.41 against $3.96 of earnings per share over the last twelve months.

That is above its ten-year median of 17.7×, higher than on 79% of days in the last ten years.

Over that time it ranged from 12.7× in Nov 2023 to 233× in Oct 2016.

The median for 10 electric utilities of a similar size is 21.6×.

PE ratio over time

median 17.7×

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	20.1×	17.0×	20.1×
2025	17.5×	14.2×	18.6×
2024	15.7×	12.9×	17.3×
2023	14.0×	12.7×	18.2×
2022	17.6×	14.8×	21.1×
2021	18.2×	16.2×	19.4×
2020	17.3×	15.7×	25.8×
2019	21.4×	15.3×	21.5×
2018	15.2×	13.1×	21.9×
2017	22.9×	22.0×	87.3×
2016	82.9×	78.4×	242×
2015	125×	14.0×	125×
2014	21.4×	18.0×	22.5×
2013	18.2×	14.9×	25.6×
2012	20.4×	19.5×	51.3×
2011	23.2×	14.0×	23.3×

Against its peers

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

Company	PE ratio
BKHBlack Hills	20.1×
TXNMTXNM Energy	32.4×
ORAOrmat Technologies	42.7×
PORPortland General Electric	19.6×
NWENorthWestern Energy	28.0×
IDAIdacorp	23.3×
OTTROtter Tail	19.5×
OGEOGE Energy	21.2×
AVAAvista	13.6×
PNWPinnacle West Capital	20.3×
LNTAlliant Energy	22.0×
Peer median	21.6×

Where Black Hills ranks

What the PE ratio tells you

Share price divided by earnings per share over the last twelve months. It is the price tag on a dollar of profit: 20× means you pay $20 for $1 of yearly earnings.

Blank while earnings are negative. A very low PE can mean the market expects profits to fall, so read it with growth and the company's own history.

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.