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Black HillsMEX:BKH 76 EV-to-EBITDA is 11.72 as of Aug. 18, 2026, which is 2% below its 10-year median of 11.92. GuruFocus rates MEX:BKH with a GF Score™ of 76/100 and a GF Value™ of MXN884.08. The stock has 10 warning signs investors should review. Among 466 Utilities - Regulated companies, Black Hills ranks worse than 62.88% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Black Hills's enterprise value is MXN180,695 Mil.
Black Hills's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was MXN15,413 Mil. Therefore, Black Hills's EV-to-EBITDA for today is 11.72.
The historical rank and industry rank for Black Hills's EV-to-EBITDA or its related term are showing as below:
MEX:BKH'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 10.25 Med: 11.92 Max: 14.94
Current: 11.77
During the past 13 years, the highest EV-to-EBITDA of Black Hills was 14.94. The lowest was 10.25. And the median was 11.92.
MEX:BKH's EV-to-EBITDA is ranked worse than 62.88% of 466
companies
in the Utilities - Regulated industry
Industry Median: 9.83
vs MEX:BKH: 11.77
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Black Hills's PE Ratio (TTM) for today is calculated as:
Black Hills's share price for today is MXN1089.00.
Black Hills's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN62.143.
* 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.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
The historical data trend for Black Hills's EV-to-EBITDA 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.
For the Utilities - Regulated Gas subindustry, Black Hills's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA 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.
Black Hills EV-to-EBITDA vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Black Hills's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Black Hills's EV-to-EBITDA falls into.
Black Hills's current Enterprise Value is MXN180,695 Mil.
Black Hills's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN15,413 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.
Black Hills (MEX:BKH) has a EV-to-EBITDA of 11.72 as of Aug. 18, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Black Hills. This is near median its historical median of 11.92. Over the past decade, Black Hills' EV-to-EBITDA has ranged from 10.25 to 14.94. According to the industry distribution chart, Black Hills ranks #293 out of 466 companies in the Utilities - Regulated industry, placing it in the top 62.9%.
Is Black Hills' EV-to-EBITDA too high?
Black Hills' current EV-to-EBITDA of 11.72 is near median its 10-year median of 11.92. Over the past 10 years, this metric has ranged from a low of 10.25 to a high of 14.94. The Utilities - Regulated industry median EV-to-EBITDA is 9.83. Black Hills' value of 11.72 is 19.2% above this industry median. Based on the distribution chart, Black Hills ranks #293 out of 466 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Black Hills has a GF Score™ of 76/100, reflecting its overall financial health beyond just this single metric.
How does Black Hills' EV-to-EBITDA compare to NJR and OGS?
According to the Utilities - Regulated industry distribution chart, Black Hills ranks #293 out of 466 companies for EV-to-EBITDA. This places Black Hills in the lower half of its industry. The industry median EV-to-EBITDA is 9.83. Black Hills' value of 11.72 is 19.2% above this benchmark. Historically, Black Hills' own EV-to-EBITDA has ranged from 10.25 to 14.94 over the past decade. While the company's 10-year median is 11.92 vs. the industry median of 9.83, Black Hills has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBITDA for an Utilities - Regulated company?
The median EV-to-EBITDA among Utilities - Regulated companies is 9.83, based on 466 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Black Hills's current EV-to-EBITDA of 11.72 is 19.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Black Hills. For the Utilities - Regulated industry, the median EV-to-EBITDA is 9.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Black Hills's current EV-to-EBITDA is 11.72, which is near median its own 10-year median of 11.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Black Hills stock overvalued right now?
Black Hills (MEX:BKH) has a current EV-to-EBITDA of 11.72. The stock's GF Value™ is MXN884.08, compared to a current price of MXN1,089.00 — trading 23.2% above its estimated fair value. The current EV-to-EBITDA is 11.72, which is near median its 10-year median of 11.92 and 19.2% above the Utilities - Regulated industry median of 9.83. Black Hills' overall GF Score™ is 76/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Black Hills (MEX:BKH), the current EV-to-EBITDA is 11.72 as of Aug. 18, 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 Black Hills (MEX:BKH) Overvalued in 2026?
Based on GuruFocus' analysis, Black Hills stock appears to be overvalued.
The current stock price of MXN1,089.00 is trading 23.2% above its estimated GF Value™ of MXN884.08.
Key valuation signals for MEX:BKH:
EV-to-EBITDA: 11.72 (near median its 10-year median of 11.92)
GF Value™: MXN884.08 vs. price of MXN1,089.00 (23.2% above fair value)
Industry Position: 19.2% above the Utilities - Regulated median (#293 of 466)
No single metric tells the full story. See the MEX:BKH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Black Hills Corp is a U.S.-based energy company that operates through its Electric Utilities and Gas Utilities segment. These segments operate in states in the Midwest and mountain regions in the U.S. The company's customers include residential, commercial, industrial, and municipal consumers. These customers are residential. Black Hills derives the majority of its revenue from its utility business group, specifically from gas utilities.
76GF Score
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