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The historical rank and industry rank for Hawaiian Electric Industries's EV-to-OCF or its related term are showing as below:
HE'
s EV-to-OCF Range Over the Past 10 Years
Min: -34.26 Med: 10.17 Max: 27
Current: -31.87
During the past 13 years, the highest EV-to-OCF of Hawaiian Electric Industries was 27.00. The lowest was -34.26. And the median was 10.17.
HE's EV-to-OCF is ranked better than 96.23% of 504
companies
in the Utilities - Regulated industry
Industry Median: 10.49
vs HE: -31.87
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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.
Hawaiian Electric Industries (NYSE:HE) EV-to-OCF Explanation
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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.
Hawaiian Electric Industries's PE Ratio (TTM) for today is calculated as:
Hawaiian Electric Industries's share price for today is $11.68.
Hawaiian Electric Industries'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 $1.300.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Hawaiian Electric Industries EV-to-OCF Related Terms
Hawaiian Electric Industries EV-to-OCF Historical Data
* 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 Electric subindustry, Hawaiian Electric Industries's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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-OCF vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Hawaiian Electric Industries's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Hawaiian Electric Industries's EV-to-OCF falls into.
Hawaiian Electric Industries's current Enterprise Value is $4,579 Mil.
Hawaiian Electric Industries's Cash Flow from Operations 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 $-144 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.
Hawaiian Electric Industries (HE) has a EV-to-OCF of -31.87 as of Aug. 18, 2026. According to the industry distribution chart, Hawaiian Electric Industries ranks #19 out of 504 companies in the Utilities - Regulated industry, placing it in the top 3.8%.
Is Hawaiian Electric Industries' EV-to-OCF too high?
Hawaiian Electric Industries' current EV-to-OCF is -31.87. Based on the distribution chart, Hawaiian Electric Industries ranks #19 out of 504 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Hawaiian Electric Industries has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hawaiian Electric Industries' EV-to-OCF compare to MGEE and NKLR?
According to the Utilities - Regulated industry distribution chart, Hawaiian Electric Industries ranks #19 out of 504 companies for EV-to-OCF. This places Hawaiian Electric Industries in the top 4% of its industry — outperforming the majority of peers. The industry median EV-to-OCF is 10.49. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-OCF for an Utilities - Regulated company?
The median EV-to-OCF among Utilities - Regulated companies is 10.49, based on 504 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF 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 EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Utilities - Regulated industry, the median EV-to-OCF is 10.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hawaiian Electric Industries's current EV-to-OCF is -31.87. 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 $8.38, compared to a current price of $11.68 — trading 39.4% above its estimated fair value. The current EV-to-OCF is -31.87. Hawaiian Electric Industries' overall GF Score™ is 65/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Hawaiian Electric Industries (HE), the current EV-to-OCF is -31.87 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 Hawaiian Electric Industries (HE) Overvalued in 2026?
Based on GuruFocus' analysis, Hawaiian Electric Industries stock appears to be overvalued.
The current stock price of $11.68 is trading 39.4% above its estimated GF Value™ of $8.38.
GuruFocus considers Hawaiian Electric Industries to be Significantly Overvalued.
Key valuation signals for HE:
EV-to-OCF: -31.87
GF Value™: $8.38 vs. price of $11.68 (39.4% above fair value)
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 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.
65GF Score
Get the complete analysis for HE
EV-to-OCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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