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Black Hills Corporation (BKH)
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Black Hills Corporation (BKH) PE Ratio: 18.95

Is Black Hills Corporation’s P/E ratio high or low?

Black Hills Corporation's P/E ratio of 18.95 is 16% above its 5-year average of 16.28, near the high end of its 5-year range (12.51–21.33).

As of Saturday, June 20, 2026. 11.11% above its 12-month average of 17.05.

PE Ratio (18.95) = Close Price ($72.75) / Diluted TTM EPS ($3.84)

BKH PE Ratio Chart

BKH PE Ratio
18.95+32.70% 1Y
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BKH Average PE Ratio Chart

BKH Current vs Average PE Ratio Chart

BKH PE Ratio Metrics

PE RATIO

18.95

PE RATIO AVG TTM

17.05

PE RATIO AVG 3Y

15.36

PE RATIO AVG 5Y

16.28

PE RATIO AVG 10Y

16.96

PE RATIO AVG 15Y

18.38

PE RATIO AVG 20Y

17.67

CURRENT VS TTM AVG

+11.11%

CURRENT VS 3Y AVG

+23.34%

CURRENT VS 5Y AVG

+16.40%

CURRENT VS 10Y AVG

+11.70%

CURRENT VS 15Y AVG

+3.08%

CURRENT VS 20Y AVG

+7.27%

BKH Competitors' PE Ratio

NAMEMARKET CAPPE RATIOTTM3Y5Y
Black Hills Corporation (BKH)$5.54B18.9517.0515.3616.28
Clearway Energy, Inc. (CWEN-A)vs ›$8.31B1010.7580.4248.1456.21
The AES Corporation (AES)vs ›$10.43B7.789.0914.4616.36
Brookfield Renewable Partners L.P. (BEP)vs ›$10.69B58.7353.6853.6853.68
Alliant Energy Corporation (LNT)vs ›$18.85B22.8821.5420.9721.31
Talen Energy Corporation (TLN)vs ›$19.81BN/A62.4734.4934.49
NiSource Inc. (NI)vs ›$22.66B23.5122.8920.9623.15
CMS Energy Corporation (CMS)vs ›$22.67B20.1021.0521.0319.70
American Water Works Company, Inc. (AWK)vs ›$24.42B22.1423.8725.9027.45
Eversource Energy (ES)vs ›$26.17B14.8721.5221.0721.73

P/E vs. its own history

At 18.9, P/E is richer than usual, sitting higher than 66% of its 20-year history.

20-year low

3.0

median

17.4

20-year high

53.5

cheaperricher

P/E Comparison

Trailing P/E

18.9

Forward P/E

15.8

Forward P/E Calculation

View All Analyst Estimates

Forward P/E is calculated using analyst consensus EPS estimates for the current or next fiscal year.

Calculation:

Current Price

$72.75

÷

Forward EPS (Est.)

$4.61

=

Forward P/E

15.77

Source: FMP Analyst Consensus Estimates. Forward EPS represents the average analyst estimate for the nearest fiscal year.

Black Hills Corporation PE Ratio Formula & Definition

PE Ratio = Share Price / Diluted EPS (TTM)

The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Black Hills Corporation PE Ratio FAQ

What is the P/E ratio for Black Hills Corporation (BKH)?
The P/E ratio for BKH stock is 18.95.
Is Black Hills Corporation's P/E ratio high or low?
Black Hills Corporation's P/E ratio of 18.95 is 16% above its 5-year average of 16.28, near the high end of its 5-year range (12.51–21.33).
What is the TTM average P/E ratio for Black Hills Corporation (BKH)?
The TTM average P/E ratio for BKH stock is 17.05.
What is the 3Y average P/E ratio for Black Hills Corporation (BKH)?
The 3Y average P/E ratio for BKH stock is 15.36.
What is the 5Y average P/E ratio for Black Hills Corporation (BKH)?
The 5Y average P/E ratio for BKH stock is 16.28.
What is the 10Y average P/E ratio for Black Hills Corporation (BKH)?
The 10Y average P/E ratio for BKH stock is 16.96.
What is the 15Y average P/E ratio for Black Hills Corporation (BKH)?
The 15Y average P/E ratio for BKH stock is 18.38.
What is the 20Y average P/E ratio for Black Hills Corporation (BKH)?
The 20Y average P/E ratio for BKH stock is 17.67.

Black Hills Corporation PE Ratio History

DATEPE RATIO
2026-06-1818.95
2026-06-1718.76
2026-06-1619.14
2026-06-1519.22
2026-06-1219.14
2026-06-1118.69
2026-06-1018.73
2026-06-0917.65
2026-06-0818.80
2026-06-0518.95
2026-06-0418.72
2026-06-0318.61
2026-06-0218.76
2026-06-0118.34
2026-05-2918.96
2026-05-2819.03
2026-05-2719.40
2026-05-2619.47
2026-05-2219.35
2026-05-2119.31
2026-05-2019.23
2026-05-1919.09
2026-05-1819.27
2026-05-1518.97
2026-05-1419.39
2026-05-1319.28
2026-05-1219.35
2026-05-1119.13
2026-05-0819.59
2026-05-0719.59
2026-05-0618.57
2026-05-0518.55
2026-05-0418.82
2026-05-0118.97
2026-04-3018.92
2026-04-2918.67
2026-04-2818.90
2026-04-2718.90
2026-04-2418.64
2026-04-2318.76
2026-04-2218.22
2026-04-2118.47
2026-04-2018.99
2026-04-1719.11
2026-04-1619.30
2026-04-1519.24
2026-04-1419.25
2026-04-1318.13
2026-04-1018.54
2026-04-0918.60
2026-04-0818.55
2026-04-0718.34
2026-04-0617.90
2026-04-0217.80
2026-04-0117.56
2026-03-3117.44
2026-03-3017.37
2026-03-2717.26
2026-03-2617.20
2026-03-2517.30
2026-03-2417.22
2026-03-2317.14
2026-03-2017.05
2026-03-1917.82
2026-03-1817.92
2026-03-1717.99
2026-03-1618.02
2026-03-1318.21
2026-03-1217.75
2026-03-1117.62
2026-03-1017.89
2026-03-0918.23
2026-03-0618.47
2026-03-0518.67
2026-03-0419.04
2026-03-0318.67
2026-03-0218.46
2026-02-2718.51
2026-02-2618.55
2026-02-2518.45
2026-02-2418.52
2026-02-2318.46
2026-02-2018.43
2026-02-1918.36
2026-02-1818.36
2026-02-1718.48
2026-02-1318.61
2026-02-1218.39
2026-02-1118.24
2026-02-1018.28
2026-02-0918.05
2026-02-0618.26
2026-02-0518.80
2026-02-0418.62
2026-02-0318.70
2026-02-0218.30
2026-01-3018.43
2026-01-2918.39
2026-01-2818.22
2026-01-2718.59
2026-01-2618.35
2026-01-2318.10
2026-01-2218.28
2026-01-2118.51
2026-01-2018.31
2026-01-1618.52
2026-01-1518.47
2026-01-1418.20
2026-01-1317.86
2026-01-1217.83
2026-01-0917.86
2026-01-0817.98
2026-01-0718.16
2026-01-0617.52
2026-01-0517.52
2026-01-0217.59
2025-12-3117.53
2025-12-3017.57
2025-12-2917.61
2025-12-2617.50
2025-12-2417.54
2025-12-2317.44
2025-12-2217.39
2025-12-1917.05
2025-12-1817.41
2025-12-1717.83
2025-12-1617.85
2025-12-1518.20
2025-12-1218.34
2025-12-1118.18
2025-12-1017.98
2025-12-0917.81
2025-12-0817.71
2025-12-0517.66
2025-12-0417.69
2025-12-0317.97
2025-12-0218.12
2025-12-0118.30
2025-11-2818.63
2025-11-2618.43
2025-11-2518.18
2025-11-2417.95
2025-11-2117.69
2025-11-2017.67
2025-11-1917.60
2025-11-1817.75
2025-11-1717.56
2025-11-1417.66
2025-11-1317.75
2025-11-1218.22
2025-11-1118.18
2025-11-1017.96
2025-11-0717.61
2025-11-0617.11
2025-11-0516.31
2025-11-0416.28
2025-11-0316.09
2025-10-3115.98
2025-10-3016.03
2025-10-2916.06
2025-10-2816.46
2025-10-2716.60
2025-10-2416.66
2025-10-2316.49
2025-10-2216.44
2025-10-2116.26
2025-10-2016.33
2025-10-1715.89
2025-10-1615.72
2025-10-1515.63
2025-10-1415.38
2025-10-1315.12
2025-10-1015.22
2025-10-0915.38
2025-10-0815.56
2025-10-0715.42
2025-10-0615.24
2025-10-0315.16
2025-10-0215.05
2025-10-0115.24
2025-09-3015.51
2025-09-2915.40
2025-09-2615.34
2025-09-2515.12
2025-09-2415.12
2025-09-2314.99
2025-09-2214.84
2025-09-1914.76
2025-09-1814.79
2025-09-1714.73
2025-09-1614.70
2025-09-1514.97
2025-09-1214.96
2025-09-1114.97
2025-09-1014.79
2025-09-0914.77
2025-09-0814.73
2025-09-0515.04
2025-09-0415.00
2025-09-0314.97
2025-09-0215.02
2025-08-2915.07
2025-08-2815.05
2025-08-2715.19
2025-08-2615.05
2025-08-2515.18
2025-08-2215.38
2025-08-2115.04
2025-08-2015.12
2025-08-1915.33
2025-08-1815.20
2025-08-1515.52
2025-08-1415.52
2025-08-1315.49
2025-08-1215.37
2025-08-1115.21
2025-08-0815.34
2025-08-0715.20
2025-08-0615.06
2025-08-0514.86
2025-08-0414.83
2025-08-0114.56
2025-07-3114.55
2025-07-3014.57
2025-07-2914.42
2025-07-2814.25
2025-07-2514.46
2025-07-2414.36
2025-07-2314.48
2025-07-2214.79
2025-07-2114.70
2025-07-1814.50
2025-07-1714.55
2025-07-1614.53
2025-07-1514.43
2025-07-1414.58
2025-07-1114.52
2025-07-1014.67
2025-07-0914.48
2025-07-0814.39
2025-07-0714.40
2025-07-0314.52
2025-07-0214.41
2025-07-0114.48
2025-06-3014.31
2025-06-2714.27
2025-06-2614.26
2025-06-2514.20
2025-06-2414.49
2025-06-2314.54
2025-06-2014.23
2025-06-1814.28
2025-06-1714.31
2025-06-1614.34
2025-06-1314.50
2025-06-1214.66
2025-06-1114.67
2025-06-1014.72
2025-06-0914.64
2025-06-0614.58

Showing the most recent 260 of 4,453 data points. The chart above shows the full history.

About Black Hills Corporation

Black Hills Corporation operates as an American utility firm, delivering both electric power and natural gas through its subsidiaries. Its business is organized into two primary divisions: Electric Utilities and Gas Utilities. The Electric Utilities segment is responsible for generating, transmitting, and distributing electricity to approximately 218,000 customers spanning Colorado, Montana, South Dakota, and Wyoming. This division manages 1,481.5 megawatts of power generation capacity and maintains 8,892 miles of electric transmission and distribution lines. Electric power generation is diversified, utilizing wind, natural gas, and coal-fired plants, and the company also operates a coal mine near Gillette, Wyoming. Conversely, the Gas Utilities segment provides natural gas to roughly 1,094,000 utility clients across Arkansas, Colorado, Iowa, Kansas, Nebraska, and Wyoming. This operation includes overseeing 4,732 miles of intrastate gas transmission pipelines, 41,644 miles of gas distribution mains and service lines, six natural gas storage facilities, around 50,000 horsepower of compression, and 515 miles of gathering lines. Beyond these core utility offerings, Black Hills Corporation also constructs and maintains gas infrastructure for various gas transportation customers. It provides appliance repair services for residential utility subscribers and offers electrical system construction to large industrial clients. Founded in 1941, the company's headquarters are situated in Rapid City, South Dakota.

Rapid City, SD
2,841 employees
Utilities / Diversified Utilities
Sector
Utilities
Industry
Diversified Utilities
CEO
Linden R. Evans