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. In the quarter to June 2026, revenue grew 25.9%, EPS grew 373.3%, free cash flow fell 1,019.7% and total debt rose 9.76%, each against the same quarter a year earlier. Dividend growth for twenty-five consecutive years.
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Hawaiian Electric Industries, Inc. (HE) P/E ratio
As of 16 October 2026, Hawaiian Electric Industries, Inc. (HE) trades at a P/E ratio of 6.6×. Over the past ten years it has ranged from 0.0× (September 2025) to 158× (December 2025); the current reading is higher than 15% of that period. That is below the Utilities Regulated Electric industry median of 19.5× and below the Utilities sector median of 20.0×.
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 | Free account |
Against its own ten years
P/E ratio against peers
| Company | P/E ratio |
|---|---|
| CEPU Central Puerto S.A. Sponsored ADR compare | 4.8× |
| EDN Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) compare | 5.0× |
| CIG Comp En De Mn Cemig ADS compare | 5.6× |
| HE Hawaiian Electric Industries, Inc. | 6.6× |
| ENIC Enel Chile S.A. compare | 10.6× |
| GNE Genie Energy Ltd. compare | 17.1× |
| MGEE MGE Energy Inc. compare | 17.8× |
| POR Portland General Electric Company compare | 19.4× |
| NWE NorthWestern Corporation compare | 26.9× |
| Utilities Regulated Electric industry median | 19.5× |
| Utilities sector median | 20.0× |
| Market median | 18.1× |
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)