Black Hills Corporation (BKH) EV/EBITDA Ratio: 12.21x
Is Black Hills Corporation’s EV/EBITDA ratio high or low?
Black Hills Corporation's EV/EBITDA ratio of 12.21x is in line with its 5-year average of 11.97x, around the middle of its 5-year range (10.31x–14.91x).
As of Saturday, June 20, 2026. 6.15% above its 12-month average of 11.50x.
BKH EV/EBITDA Ratio Chart
BKH Average EV/EBITDA Ratio Chart
BKH Current vs Average EV/EBITDA Ratio Chart
BKH EV/EBITDA Ratio Metrics
EV/EBITDA RATIO
12.21x
EV/EBITDA RATIO AVG TTM
11.50x
EV/EBITDA RATIO AVG 3Y
11.13x
EV/EBITDA RATIO AVG 5Y
11.97x
EV/EBITDA RATIO AVG 10Y
12.20x
EV/EBITDA RATIO AVG 15Y
11.29x
EV/EBITDA RATIO AVG 20Y
10.52x
CURRENT VS TTM AVG
+6.15%
CURRENT VS 3Y AVG
+9.69%
CURRENT VS 5Y AVG
+1.98%
CURRENT VS 10Y AVG
+0.08%
CURRENT VS 15Y AVG
+8.19%
CURRENT VS 20Y AVG
+16.10%
BKH Competitors' EV/EBITDA Ratio
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Black Hills Corporation (BKH) | $5.54B | 12.21x | 11.50x | 11.13x | 11.97x |
| Clearway Energy, Inc. (CWEN-A)vs › | $8.31B | 12.78x | 11.77x | 10.18x | 10.08x |
| The AES Corporation (AES)vs › | $10.43B | 10.61x | 10.95x | 13.41x | 17.93x |
| Brookfield Renewable Partners L.P. (BEP)vs › | $10.69B | 9.27x | 9.93x | 9.77x | 10.64x |
| Alliant Energy Corporation (LNT)vs › | $18.85B | 14.93x | 14.50x | 13.72x | 13.85x |
| Talen Energy Corporation (TLN)vs › | $19.81B | 32.76x | 29.54x | 14.29x | 14.29x |
| NiSource Inc. (NI)vs › | $22.66B | 12.63x | 12.52x | 11.92x | 11.99x |
| CMS Energy Corporation (CMS)vs › | $22.67B | 12.65x | 12.26x | 12.08x | 12.26x |
| American Water Works Company, Inc. (AWK)vs › | $24.42B | 14.26x | 14.71x | 15.68x | 17.49x |
| Eversource Energy (ES)vs › | $26.17B | 9.99x | 10.68x | 16.98x | 15.52x |
EV/EBITDA vs. its own history
At 12.2, EV/EBITDA is richer than usual, sitting higher than 73% of its 20-year history.
20-year low
6.5
median
10.7
20-year high
34.1
Black Hills Corporation EV/EBITDA Ratio Formula & Definition
EV/EBITDA = Enterprise Value / EBITDA (TTM)
Enterprise value to EBITDA is a capital-structure-neutral valuation multiple, useful for comparing companies with different debt levels and tax rates.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Black Hills Corporation EV/EBITDA Ratio FAQ
- What is the EV/EBITDA ratio for Black Hills Corporation (BKH)?
- The EV/EBITDA ratio for BKH stock is 12.21x.
- Is Black Hills Corporation's EV/EBITDA ratio high or low?
- Black Hills Corporation's EV/EBITDA ratio of 12.21x is in line with its 5-year average of 11.97x, around the middle of its 5-year range (10.31x–14.91x).
- What is the TTM average EV/EBITDA ratio for Black Hills Corporation (BKH)?
- The TTM average EV/EBITDA ratio for BKH stock is 11.50x.
- What is the 3Y average EV/EBITDA ratio for Black Hills Corporation (BKH)?
- The 3Y average EV/EBITDA ratio for BKH stock is 11.13x.
- What is the 5Y average EV/EBITDA ratio for Black Hills Corporation (BKH)?
- The 5Y average EV/EBITDA ratio for BKH stock is 11.97x.
- What is the 10Y average EV/EBITDA ratio for Black Hills Corporation (BKH)?
- The 10Y average EV/EBITDA ratio for BKH stock is 12.20x.
- What is the 15Y average EV/EBITDA ratio for Black Hills Corporation (BKH)?
- The 15Y average EV/EBITDA ratio for BKH stock is 11.29x.
- What is the 20Y average EV/EBITDA ratio for Black Hills Corporation (BKH)?
- The 20Y average EV/EBITDA ratio for BKH stock is 10.52x.
Black Hills Corporation EV/EBITDA Ratio History
| DATE | EV/EBITDA RATIO |
|---|---|
| 2026-06-18 | 12.21x |
| 2026-06-17 | 12.14x |
| 2026-06-16 | 12.27x |
| 2026-06-15 | 12.30x |
| 2026-06-12 | 12.27x |
| 2026-06-11 | 12.12x |
| 2026-06-10 | 12.13x |
| 2026-06-09 | 11.75x |
| 2026-06-08 | 12.15x |
| 2026-06-05 | 12.21x |
| 2026-06-04 | 12.13x |
| 2026-06-03 | 12.09x |
| 2026-06-02 | 12.14x |
| 2026-06-01 | 11.99x |
| 2026-05-29 | 12.21x |
| 2026-05-28 | 12.24x |
| 2026-05-27 | 12.36x |
| 2026-05-26 | 12.39x |
| 2026-05-22 | 12.35x |
| 2026-05-21 | 12.33x |
| 2026-05-20 | 12.30x |
| 2026-05-19 | 12.25x |
| 2026-05-18 | 12.32x |
| 2026-05-15 | 12.21x |
| 2026-05-14 | 12.36x |
| 2026-05-13 | 12.32x |
| 2026-05-12 | 12.35x |
| 2026-05-11 | 12.27x |
| 2026-05-08 | 12.43x |
| 2026-05-07 | 12.43x |
| 2026-05-06 | 12.20x |
| 2026-05-05 | 12.20x |
| 2026-05-04 | 12.30x |
| 2026-05-01 | 12.35x |
| 2026-04-30 | 12.33x |
| 2026-04-29 | 12.24x |
| 2026-04-28 | 12.32x |
| 2026-04-27 | 12.32x |
| 2026-04-24 | 12.23x |
| 2026-04-23 | 12.27x |
| 2026-04-22 | 12.08x |
| 2026-04-21 | 12.17x |
| 2026-04-20 | 12.36x |
| 2026-04-17 | 12.40x |
| 2026-04-16 | 12.47x |
| 2026-04-15 | 12.45x |
| 2026-04-14 | 12.45x |
| 2026-04-13 | 12.04x |
| 2026-04-10 | 12.19x |
| 2026-04-09 | 12.21x |
| 2026-04-08 | 12.20x |
| 2026-04-07 | 12.12x |
| 2026-04-06 | 11.96x |
| 2026-04-02 | 11.92x |
| 2026-04-01 | 11.84x |
| 2026-03-31 | 11.79x |
| 2026-03-30 | 11.77x |
| 2026-03-27 | 11.73x |
| 2026-03-26 | 11.71x |
| 2026-03-25 | 11.74x |
| 2026-03-24 | 11.71x |
| 2026-03-23 | 11.69x |
| 2026-03-20 | 11.65x |
| 2026-03-19 | 11.93x |
| 2026-03-18 | 11.97x |
| 2026-03-17 | 11.99x |
| 2026-03-16 | 12.00x |
| 2026-03-13 | 12.07x |
| 2026-03-12 | 11.91x |
| 2026-03-11 | 11.86x |
| 2026-03-10 | 11.96x |
| 2026-03-09 | 12.08x |
| 2026-03-06 | 12.17x |
| 2026-03-05 | 12.24x |
| 2026-03-04 | 12.37x |
| 2026-03-03 | 12.24x |
| 2026-03-02 | 12.17x |
| 2026-02-27 | 12.18x |
| 2026-02-26 | 12.20x |
| 2026-02-25 | 12.16x |
| 2026-02-24 | 12.19x |
| 2026-02-23 | 12.16x |
| 2026-02-20 | 12.15x |
| 2026-02-19 | 12.13x |
| 2026-02-18 | 12.13x |
| 2026-02-17 | 12.17x |
| 2026-02-13 | 12.22x |
| 2026-02-12 | 12.14x |
| 2026-02-11 | 12.09x |
| 2026-02-10 | 11.89x |
| 2026-02-09 | 11.81x |
| 2026-02-06 | 11.88x |
| 2026-02-05 | 12.07x |
| 2026-02-04 | 12.01x |
| 2026-02-03 | 12.04x |
| 2026-02-02 | 11.89x |
| 2026-01-30 | 11.94x |
| 2026-01-29 | 11.93x |
| 2026-01-28 | 11.87x |
| 2026-01-27 | 12.00x |
| 2026-01-26 | 11.91x |
| 2026-01-23 | 11.82x |
| 2026-01-22 | 11.89x |
| 2026-01-21 | 11.97x |
| 2026-01-20 | 11.90x |
| 2026-01-16 | 11.97x |
| 2026-01-15 | 11.96x |
| 2026-01-14 | 11.86x |
| 2026-01-13 | 11.74x |
| 2026-01-12 | 11.73x |
| 2026-01-09 | 11.74x |
| 2026-01-08 | 11.78x |
| 2026-01-07 | 11.85x |
| 2026-01-06 | 11.62x |
| 2026-01-05 | 11.62x |
| 2026-01-02 | 11.64x |
| 2025-12-31 | 11.62x |
| 2025-12-30 | 11.64x |
| 2025-12-29 | 11.65x |
| 2025-12-26 | 11.61x |
| 2025-12-24 | 11.62x |
| 2025-12-23 | 11.59x |
| 2025-12-22 | 11.57x |
| 2025-12-19 | 11.45x |
| 2025-12-18 | 11.58x |
| 2025-12-17 | 11.73x |
| 2025-12-16 | 11.73x |
| 2025-12-15 | 11.86x |
| 2025-12-12 | 11.91x |
| 2025-12-11 | 11.85x |
| 2025-12-10 | 11.78x |
| 2025-12-09 | 11.72x |
| 2025-12-08 | 11.68x |
| 2025-12-05 | 11.67x |
| 2025-12-04 | 11.68x |
| 2025-12-03 | 11.78x |
| 2025-12-02 | 11.83x |
| 2025-12-01 | 11.89x |
| 2025-11-28 | 12.01x |
| 2025-11-26 | 11.94x |
| 2025-11-25 | 11.85x |
| 2025-11-24 | 11.77x |
| 2025-11-21 | 11.68x |
| 2025-11-20 | 11.67x |
| 2025-11-19 | 11.64x |
| 2025-11-18 | 11.70x |
| 2025-11-17 | 11.63x |
| 2025-11-14 | 11.67x |
| 2025-11-13 | 11.70x |
| 2025-11-12 | 11.87x |
| 2025-11-11 | 11.85x |
| 2025-11-10 | 11.77x |
| 2025-11-07 | 11.65x |
| 2025-11-06 | 11.47x |
| 2025-11-05 | 11.18x |
| 2025-11-04 | 11.17x |
| 2025-11-03 | 11.10x |
| 2025-10-31 | 11.06x |
| 2025-10-30 | 11.08x |
| 2025-10-29 | 11.09x |
| 2025-10-28 | 11.24x |
| 2025-10-27 | 11.29x |
| 2025-10-24 | 11.31x |
| 2025-10-23 | 11.24x |
| 2025-10-22 | 11.23x |
| 2025-10-21 | 11.17x |
| 2025-10-20 | 11.19x |
| 2025-10-17 | 11.03x |
| 2025-10-16 | 10.97x |
| 2025-10-15 | 10.94x |
| 2025-10-14 | 10.85x |
| 2025-10-13 | 10.76x |
| 2025-10-10 | 10.79x |
| 2025-10-09 | 10.85x |
| 2025-10-08 | 10.92x |
| 2025-10-07 | 10.87x |
| 2025-10-06 | 10.80x |
| 2025-10-03 | 10.77x |
| 2025-10-02 | 10.74x |
| 2025-10-01 | 10.80x |
| 2025-09-30 | 10.90x |
| 2025-09-29 | 10.86x |
| 2025-09-26 | 10.84x |
| 2025-09-25 | 10.76x |
| 2025-09-24 | 10.76x |
| 2025-09-23 | 10.71x |
| 2025-09-22 | 10.66x |
| 2025-09-19 | 10.63x |
| 2025-09-18 | 10.64x |
| 2025-09-17 | 10.62x |
| 2025-09-16 | 10.61x |
| 2025-09-15 | 10.71x |
| 2025-09-12 | 10.70x |
| 2025-09-11 | 10.71x |
| 2025-09-10 | 10.64x |
| 2025-09-09 | 10.64x |
| 2025-09-08 | 10.62x |
| 2025-09-05 | 10.73x |
| 2025-09-04 | 10.72x |
| 2025-09-03 | 10.71x |
| 2025-09-02 | 10.72x |
| 2025-08-29 | 10.74x |
| 2025-08-28 | 10.73x |
| 2025-08-27 | 10.79x |
| 2025-08-26 | 10.74x |
| 2025-08-25 | 10.78x |
| 2025-08-22 | 10.85x |
| 2025-08-21 | 10.73x |
| 2025-08-20 | 10.76x |
| 2025-08-19 | 10.83x |
| 2025-08-18 | 10.79x |
| 2025-08-15 | 10.90x |
| 2025-08-14 | 10.90x |
| 2025-08-13 | 10.89x |
| 2025-08-12 | 10.85x |
| 2025-08-11 | 10.79x |
| 2025-08-08 | 10.84x |
| 2025-08-07 | 10.79x |
| 2025-08-06 | 10.74x |
| 2025-08-05 | 10.67x |
| 2025-08-04 | 10.66x |
| 2025-08-01 | 10.56x |
| 2025-07-31 | 10.56x |
| 2025-07-30 | 10.50x |
| 2025-07-29 | 10.45x |
| 2025-07-28 | 10.39x |
| 2025-07-25 | 10.46x |
| 2025-07-24 | 10.43x |
| 2025-07-23 | 10.47x |
| 2025-07-22 | 10.58x |
| 2025-07-21 | 10.55x |
| 2025-07-18 | 10.48x |
| 2025-07-17 | 10.49x |
| 2025-07-16 | 10.49x |
| 2025-07-15 | 10.45x |
| 2025-07-14 | 10.51x |
| 2025-07-11 | 10.49x |
| 2025-07-10 | 10.54x |
| 2025-07-09 | 10.47x |
| 2025-07-08 | 10.44x |
| 2025-07-07 | 10.44x |
| 2025-07-03 | 10.48x |
| 2025-07-02 | 10.45x |
| 2025-07-01 | 10.47x |
| 2025-06-30 | 10.41x |
| 2025-06-27 | 10.40x |
| 2025-06-26 | 10.40x |
| 2025-06-25 | 10.37x |
| 2025-06-24 | 10.48x |
| 2025-06-23 | 10.49x |
| 2025-06-20 | 10.38x |
| 2025-06-18 | 10.40x |
| 2025-06-17 | 10.41x |
| 2025-06-16 | 10.42x |
| 2025-06-13 | 10.48x |
| 2025-06-12 | 10.54x |
| 2025-06-11 | 10.54x |
| 2025-06-10 | 10.55x |
| 2025-06-09 | 10.53x |
| 2025-06-06 | 10.51x |
Showing the most recent 260 of 5,032 data points. The chart above shows the full history.
Related Metrics
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.
- Sector
- Utilities
- Industry
- Diversified Utilities
- CEO
- Linden R. Evans