Black Hills price to free cash flow BKH

Market value divided by free cash flow over the last twelve months, since 2017.

Today, Oct 23, 2026: n/m; not a meaningful number
Last meaningful: 47.2×; Feb 2025
9-year median: 25.6×
9-year range: 9.0× to 175×
Peer median: 36.5×

Black Hills' price to free cash flow is not a meaningful number today: free cash flow over the last twelve months was zero, negative or not reported.

It was last meaningful in Feb 2025, at 47.2×.

On the days it had one over the last 9 years, its median was 25.6×, from 9.0× in Mar 2024 to 175× in Dec 2017.

Price to free cash flow over time

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2025	47.2×	44.3×	47.3×
2024	46.5×	9.0×	51.1×
2023	12.8×	11.7×	70.3×
2022	n/m a value too high to mean anything
2021	n/m a value too high to mean anything
2020	n/m a value too high to mean anything
2019	138×	27.0×	142×
2018	26.7×	19.8×	167×
2017	175×	167×	175×

Against its peers

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

Company	Price to free cash flow
BKHBlack Hills	n/m
TXNMTXNM Energy	n/m
ORAOrmat Technologies	n/m
PORPortland General Electric	n/m
NWENorthWestern Energy	n/m
IDAIdacorp	n/m
OTTROtter Tail	n/m
OGEOGE Energy	36.5×
AVAAvista	n/m
PNWPinnacle West Capital	n/m
LNTAlliant Energy	n/m
Peer median	36.5×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

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.