Hawaiian Electric Industries price to free cash flow HE

Market value divided by free cash flow over the last twelve months, since 2011.

Today, Oct 23, 2026: n/m; not a meaningful number
Last meaningful: 48.4×; Aug 2026
10-year median: 40.9×
10-year range: 3.3× to 324×

Hawaiian Electric Industries' 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 Aug 2026, at 48.4×.

On the days it had one over the last ten years, its median was 40.9×, from 3.3× in Aug 2023 to 324× in Aug 2021.

Price to free cash flow over time

median 40.9×

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	48.4×	27.2×	54.7×
2025	26.1×	11.6×	29.6×
2024	27.4×	5.2×	29.3×
2023	5.9×	3.3×	39.7×
2022	220×	39.3×	251×
2021	58.6×	54.8×	324×
2020	62.4×	23.7×	128×
2019	43.0×	40.0×	280×
2018	n/m a value too high to mean anything
2017	36.8×	18.0×	46.9×
2016	18.2×	16.2×	186×
2015	115×	109×	130×
2014	197×	197×	207×
2013	203×	81.9×	208×
2012	167×	40.9×	167×
2011	42.6×	16.9×	43.0×

Against its peers

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

Company	Price to free cash flow
HEHawaiian Electric Industries	n/m
UTLUnitil	n/m
XIFRXPLR Infrastructure	n/m
AVAAvista	n/m
OTTROtter Tail	n/m
NWENorthWestern Energy	n/m
GNEGenie Energy	n/m
PORPortland General Electric	n/m
ORAOrmat Technologies	n/m
TXNMTXNM Energy	n/m
BKHBlack Hills	n/m

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 Hawaiian Electric Industries

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