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Hawaiian Electric Industries price to book ratio HE

Market value divided by the book value of the company's net assets, since 2010.

Today, Oct 23, 2026
0.8×
10-year median
1.8×
Against its 10-year history
10th
percentile: 0 is its lowest day, 100 its highest
10-year range
0.4× to 2.5×
Peer median
1.6×

Hawaiian Electric Industries' price to book ratio is 0.8× as of Oct 23, 2026.

That is below its ten-year median of 1.8×, lower than on 90% of days in the last ten years.

Over that time it ranged from 0.4× in Jul 2024 to 2.5× in Feb 2020.

The median for 10 electric utilities of a similar size is 1.6×.

Price to book ratio over time

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

YearEnd of yearLowHigh
2026 so far0.8×0.8×1.9×
20251.3×0.9×1.5×
20241.1×0.4×1.4×
20230.7×0.5×2.2×
20222.1×1.7×2.1×
20211.9×1.6×2.1×
20201.7×1.6×2.5×
20192.4×1.9×2.4×
20181.9×1.7×2.0×
20171.9×1.7×2.0×
20161.7×1.5×1.9×
20151.6×1.5×2.0×
20141.9×1.4×1.9×
20131.6×1.5×1.7×
20121.5×1.5×1.8×
20111.7×1.4×1.7×
20101.5×1.4×1.5×

Against its peers

Companies in Regulated Electric nearest Hawaiian Electric Industries' size, closest first, today.

CompanyPrice to book ratio
HEHawaiian Electric Industries0.8×
UTLUnitil1.6×
XIFRXPLR Infrastructure0.3×
AVAAvista1.1×
OTTROtter Tail2.0×
NWENorthWestern Energy1.6×
GNEGenie Energy1.7×
PORPortland General Electric1.3×
ORAOrmat Technologies2.1×
TXNMTXNM Energy1.7×
BKHBlack Hills1.5×
Peer median1.6×

What the price to book ratio tells you

Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.

Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.

More on Hawaiian Electric Industries

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