Black Hills Corporation

BKH Utilities Utilities Regulated Gas

Black Hills Corporation’s revenue for fiscal 2025 (year ended December 2025) was $2.3 billion, up 8.57% from fiscal 2024.

Revenue
+3.14%
EPS
+33.8%
Free cash flow
+24.1%
Total debt
+3.56%

Quarter to June 2026, against a year earlier

82.63 0.62 +0.76%
Market cap
$6.3B
P/E
20.1×
Fwd P/E
19.0×
Dividend yield
3.37%
F-score
6/9
Altman Z
1.01
Beneish M
−2.55
Dividend safety
39/100

Black Hills Corporation (BKH) P/E ratio

Alert me on P/E ratio

As of 2 November 2026, Black Hills Corporation (BKH) trades at a P/E ratio of 20.1×. Over the past ten years it has ranged from 0.0× (June 2016) to 202× (July 2016); the current reading is higher than 82% of that period. That is above the Utilities Regulated Gas industry median of 17.1× and in line with the Utilities sector median of 20.1×.

P/E ratio, daily

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Annual newest first

Period P/E ratio Change
FY2025 16.9× 17.40%
FY2024 14.4× 7.45%
FY2023 13.4× (20.63%)
FY2022 16.9× (4.91%)
FY2021 17.8× 12.45%
FY2020 15.8× (29.30%)
FY2019 22.3× 78.25%
FY2018 12.5× (23.85%)
FY2017 16.5× (56.73%)
FY2016 38.0× —

Quarterly newest first

Period P/E ratio Change
Jun 2026 18.1× 3.67%
Mar 2026 17.5× 3.51%
Dec 2025 16.9× 11.45%
Sep 2025 15.2× 10.29%
42 more quarters

Against its own ten years

Low 0.0× High 202×
Ten-year median 16.9×
Current reading's percentile 85

P/E ratio against peers

Company P/E ratio
SR Spire Inc. compare 9.9×
SWX Southwest Gas Corporation compare 12.2×
UGI UGI Corporation compare 12.4×
NJR NewJersey Resources Corporation compare 14.8×
OGS ONE Gas, Inc. compare 17.1×
BKH Black Hills Corporation 20.1×
MDU MDU Resources Group, Inc. compare 20.9×
CPK Chesapeake Utilities Corporation compare 22.1×
CTRI Centuri Holdings, Inc. compare 69.2×
Utilities Regulated Gas industry median 17.1×
Utilities sector median 20.1×
Market median 18.6×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

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