Hawaiian Electric Industries, Inc.

HE Utilities Utilities Regulated Electric

Hawaiian Electric Industries, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $3.1 billion, down 4.13% from fiscal 2024.

Revenue
+25.9%
EPS
+373.3%
Free cash flow
−1,019.7%
Total debt
+9.76%

Quarter to June 2026, against a year earlier

8.41 0.09 −1.06%
Market cap
$1.5B
P/E
6.5×
Fwd P/E
10.9×
Dividend yield
—
F-score
6/9
Altman Z
0.56
Beneish M
−5.61
Dividend safety
n/a

Hawaiian Electric Industries, Inc. (HE) P/E ratio

Alert me on P/E ratio

As of 5 November 2026, Hawaiian Electric Industries, Inc. (HE) trades at a P/E ratio of 6.5×. Over the past ten years it has ranged from 0.0× (September 2025) to 158× (December 2025); the current reading is higher than 14% of that period. That is below the Utilities Regulated Electric industry median of 19.5× and below the Utilities sector median of 19.5×.

P/E ratio, daily

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Annual newest first

Period P/E ratio Change
FY2025 17.3× —
FY2024 0.0× —
FY2023 8.5× (55.37%)
FY2022 19.1× 3.36%
FY2021 18.4× (5.15%)
FY2020 19.4× (17.01%)
FY2019 23.4× 19.01%
FY2018 19.7× (15.87%)
FY2017 23.4× 62.98%
FY2016 14.4× (25.61%)

Quarterly newest first

Period P/E ratio Change
Jun 2026 10.4× (48.10%)
Mar 2026 20.1× 15.76%
Dec 2025 17.3× (87.45%)
Sep 2025 138× —
42 more quarters

Against its own ten years

Low 0.0× High 158×
Ten-year median 19.0×
Current reading's percentile 4

P/E ratio against peers

Company P/E ratio
EDN Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) compare 3.5×
CEPU Central Puerto S.A. Sponsored ADR compare 3.6×
CIG Comp En De Mn Cemig ADS compare 6.1×
HE Hawaiian Electric Industries, Inc. 6.5×
GNE Genie Energy Ltd. compare 17.0×
MGEE MGE Energy Inc. compare 18.1×
POR Portland General Electric Company compare 19.5×
TXNM TXNM Energy, Inc. compare 27.3×
NWE NorthWestern Corporation compare 30.8×
Utilities Regulated Electric industry median 19.5×
Utilities sector median 19.5×
Market median 17.9×

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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