HE (Hawaiian Electric Industries) Enterprise Value: $4,836 Mil (As of Jun. 26, 2026) ***


HE Hawaiian Electric Industries Inc HE
65 GF Score
Price $13.57
GF Value $8.02
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Hawaiian Electric Industries Enterprise Value?

Hawaiian Electric Industries HE +2.26% 65 Enterprise Value is $4,836 Mil as of Jun. 26, 2026. GuruFocus rates HE with a GF Score™ of 65/100 and a GF Value™ of $8.02 (Significantly Overvalued). The stock has 3 warning signs investors should review.

Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Hawaiian Electric Industries's Enterprise Value is $4,836 Mil. Hawaiian Electric Industries's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $280 Mil. Therefore, Hawaiian Electric Industries's EV-to-EBIT ratio for today is 17.27.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Hawaiian Electric Industries's Enterprise Value is $4,836 Mil. Hawaiian Electric Industries's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was $578 Mil. Therefore, Hawaiian Electric Industries's EV-to-EBITDA ratio for today is 8.37.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Hawaiian Electric Industries's Enterprise Value is $4,836 Mil. Hawaiian Electric Industries's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was $3,089 Mil. Therefore, Hawaiian Electric Industries's EV-to-Revenue ratio for today is 1.57.

EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations. As of today, Hawaiian Electric Industries's Enterprise Value is $4,836 Mil. Hawaiian Electric Industries's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was $402 Mil. Therefore, Hawaiian Electric Industries's EV-to-OCF ratio for today is 12.02.

EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Hawaiian Electric Industries's Enterprise Value is $4,836 Mil. Hawaiian Electric Industries's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $44 Mil. Therefore, Hawaiian Electric Industries's EV-to-FCF ratio for today is 109.32.

*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.


Hawaiian Electric Industries  (NYSE:HE) Enterprise Value Explanation

When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.

If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.

The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.

For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.

Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.

1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.

Hawaiian Electric Industries's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=4836.348/280.051
=17.27

Hawaiian Electric Industries's current Enterprise Value is $4,836 Mil.
Hawaiian Electric Industries's 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.

2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.

Hawaiian Electric Industries's EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=4836.348/577.855
=8.37

Hawaiian Electric Industries's current Enterprise Value is $4,836 Mil.
Hawaiian Electric Industries's EBITDA 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 $578 Mil.

3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

Hawaiian Electric Industries's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=4836.348/3089.273
=1.57

Hawaiian Electric Industries's current Enterprise Value is $4,836 Mil.
Hawaiian Electric Industries's Revenue 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 $3,089 Mil.

4. EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations.

Hawaiian Electric Industries's EV-to-OCF for today is:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=4836.348/402.439
=12.02

Hawaiian Electric Industries's current Enterprise Value is $4,836 Mil.
Hawaiian Electric Industries's Cash Flow from Operations 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 $402 Mil.

5. EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow.

Hawaiian Electric Industries's EV-to-FCF for today is:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=4836.348/44.24
=109.32

Hawaiian Electric Industries's current Enterprise Value is $4,836 Mil.
Hawaiian Electric Industries's Free Cash Flow 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 $44 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 Enterprise Value Related Terms


Hawaiian Electric Industries Enterprise Value Historical Data

* Premium members only.

The historical data trend for Hawaiian Electric Industries's Enterprise Value 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 Enterprise Value Chart

Hawaiian Electric Industries Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Enterprise Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6,831.90 6,379.80 4,596.92 4,293.15 4,580.29

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
Enterprise Value 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 4,480.82 4,283.77 4,385.85 4,580.29 5,055.60

HE vs MGEE, IMSR, NKLR: Enterprise Value Comparison

For the Utilities - Regulated Electric subindustry, Hawaiian Electric Industries's Enterprise Value, along with its competitors' market caps and Enterprise Value 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 Enterprise Value vs Utilities - Regulated Industry

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

* The bar in red indicates where Hawaiian Electric Industries's Enterprise Value falls into.


HE
65GF Score
Hawaiian Electric Industries Inc HE
Enterprise Value is just one metric. See GF Score™, valuation, warning signs, and more.
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Hawaiian Electric Industries Enterprise Value Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

Hawaiian Electric Industries's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as

Hawaiian Electric Industries's Enterprise Value for the quarter that ended in Mar. 2026 is calculated as

* 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 Enterprise Value →
What does a Enterprise Value of $4,836 Mil mean?
Hawaiian Electric Industries (HE) has a Enterprise Value of $4,836 Mil as of Jun. 26, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Hawaiian Electric Industries and its competitors.
Is Hawaiian Electric Industries' Enterprise Value too high?
Hawaiian Electric Industries' current Enterprise Value is $4,836 Mil. 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' Enterprise Value compare to MGEE and IMSR?
Hawaiian Electric Industries' Enterprise Value of $4,836 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 Enterprise Value for an Utilities - Regulated company?
A good Enterprise Value depends on the Utilities - Regulated industry context. However, Enterprise Value 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 Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Hawaiian Electric Industries and its competitors. Hawaiian Electric Industries's current Enterprise Value is $4,836 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 $13.57 — trading 69.2% above its estimated fair value. The current Enterprise Value is $4,836 Mil. Hawaiian Electric Industries' overall GF Score™ is 65/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Hawaiian Electric Industries (HE), the current Enterprise Value is $4,836 Mil as of Jun. 26, 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 $13.57 is trading 69.2% above its estimated GF Value™ of $8.02. GuruFocus considers Hawaiian Electric Industries to be Significantly Overvalued.

Key valuation signals for HE:

  • Enterprise Value: $4,836 Mil
  • GF Value™: $8.02 vs. price of $13.57 (69.2% above fair value)
  • GF Score™: 65/100 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.
65GF Score

Get the complete analysis for HE

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

$13.57
Price
$8.02
GF Value