HE (Hawaiian Electric Industries) EBIT: $280 Mil (TTM As of Mar. 2026)


HE Hawaiian Electric Industries Inc HE
64 GF Score
Price $13.17
GF Value $8.02
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Hawaiian Electric Industries EBIT?

Hawaiian Electric Industries HE -1.16% 64 EBIT is $280 Mil as of Mar. 2026. GuruFocus rates HE with a GF Score™ of 64/100 and a GF Value™ of $8.02 (Significantly Overvalued). The stock has 3 warning signs investors should review.

Hawaiian Electric Industries's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $68 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $280 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hawaiian Electric Industries's annualized ROC % for the quarter that ended in Mar. 2026 was 2.05%. Hawaiian Electric Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 4.27%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Hawaiian Electric Industries's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 5.88%.


Hawaiian Electric Industries  (NYSE:HE) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Hawaiian Electric Industries's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=213.508 * ( 1 - 21.1% )/( (8215.52 + 8192.118)/ 2 )
=168.457812/8203.819
=2.05 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=8922.879 - 250.52 - ( 501.778 - max(0, 1427.737 - 1884.576+501.778))
=8215.52

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=8914.203 - 269.245 - ( 452.84 - max(0, 1367.891 - 1829.916+452.84))
=8192.118

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Hawaiian Electric Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=272.06/( ( (6244.976 + max(80.02, 0)) + (6289.612 + max(134.175, 0)) )/ 2 )
=272.06/( ( 6324.996 + 6423.787 )/ 2 )
=272.06/6374.3915
=4.27 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(491.526 + 0 + 891.272) - (250.52 + 0 + 1052.258)
=80.02

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(452.184 + 0 + 924.892) - (269.245 + 0 + 973.656)
=134.175

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Hawaiian Electric Industries's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=280.051/4766.431
=5.88 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Hawaiian Electric Industries EBIT Related Terms


Hawaiian Electric Industries EBIT Historical Data

* Premium members only.

The historical data trend for Hawaiian Electric Industries's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Hawaiian Electric Industries EBIT Chart

Hawaiian Electric Industries Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 401.98 301.94 302.63 -1,669.86 278.37

Hawaiian Electric Industries Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 66.33 65.77 64.66 81.61 68.02

HE vs MGEE, IMSR, NKLR: EBIT Comparison

For the Utilities - Regulated Electric subindustry, Hawaiian Electric Industries's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Hawaiian Electric Industries EV-to-EBIT vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Hawaiian Electric Industries's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Hawaiian Electric Industries's EV-to-EBIT falls into.


HE
64GF Score
Hawaiian Electric Industries Inc HE
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Hawaiian Electric Industries EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $280 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of $280 Mil mean?
Hawaiian Electric Industries (HE) has a EBIT of $280 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Hawaiian Electric Industries.
Is Hawaiian Electric Industries' EBIT too high?
Hawaiian Electric Industries' current EBIT is $280 Mil. Overall, Hawaiian Electric Industries has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hawaiian Electric Industries' EBIT compare to MGEE and IMSR?
Hawaiian Electric Industries' EBIT of $280 Mil can be compared against companies in the Utilities - Regulated industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for an Utilities - Regulated company?
A good EBIT depends on the Utilities - Regulated industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Hawaiian Electric Industries. Hawaiian Electric Industries's current EBIT is $280 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hawaiian Electric Industries stock overvalued right now?
Based on GuruFocus' analysis, Hawaiian Electric Industries (HE) is currently considered Significantly Overvalued. The stock's GF Value™ is $8.02, compared to a current price of $13.17 — trading 64.2% above its estimated fair value. The current EBIT is $280 Mil. Hawaiian Electric Industries' overall GF Score™ is 64/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Hawaiian Electric Industries (HE), the current EBIT is $280 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Hawaiian Electric Industries (HE) Overvalued in 2026?

Based on GuruFocus' analysis, Hawaiian Electric Industries stock appears to be overvalued. The current stock price of $13.17 is trading 64.2% above its estimated GF Value™ of $8.02. GuruFocus considers Hawaiian Electric Industries to be Significantly Overvalued.

Key valuation signals for HE:

  • EBIT: $280 Mil
  • GF Value™: $8.02 vs. price of $13.17 (64.2% above fair value)
  • GF Score™: 64/100 with 3 warning signs

No single metric tells the full story. See the HE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hawaiian Electric Industries Business Description

Other Exchanges HWI:Germany
Address 1001 Bishop Street, Suite 2900, Honolulu, HI, USA, 96813
Hawaiian Electric Industries is the parent company of three Hawaii-based regulated utilities and owns a 10% minority interest in Hawaii's American Savings Bank. The utilities provide electricity on the five islands of Oahu, Hawaii, Maui, Molokai, and Lanai.
64GF Score

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EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$13.17
Price
$8.02
GF Value