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, Black Hills's Enterprise Value is MXN180,695 Mil.
Black Hills's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was MXN9,966 Mil. Therefore, Black Hills's EV-to-EBIT ratio for today is 18.13.
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 Mar. 2026 was MXN15,261 Mil. Therefore, Black Hills's EV-to-EBITDA ratio for today is 11.84.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Black Hills's Enterprise Value is MXN180,695 Mil.
Black Hills's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was MXN41,678 Mil. Therefore, Black Hills's EV-to-Revenue ratio for today is 4.34.
EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Black Hills's Enterprise Value is MXN180,695 Mil.
Black Hills's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was MXN-5,684 Mil. Therefore, Black Hills's EV-to-FCF ratio for today is -31.79.
*** 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.
Black Hills (MEX:BKH) 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.
Black Hills's current Enterprise Value is MXN180,695 Mil.
Black Hills'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 MXN9,966 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Black Hills's current Enterprise Value is MXN180,695 Mil.
Black Hills'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 MXN15,261 Mil.
Black Hills's current Enterprise Value is MXN180,695 Mil.
Black Hills'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 MXN41,678 Mil.
Black Hills's current Enterprise Value is MXN180,695 Mil.
Black Hills'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 MXN11,386 Mil.
Black Hills's current Enterprise Value is MXN180,695 Mil.
Black Hills'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 MXN-5,684 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 Enterprise Value Related Terms
Black Hills Enterprise Value Historical Data
* Premium members only.
The historical data trend for Black Hills'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.
MEX:BKH vs NJR, OGS, SWX: Enterprise Value Comparison
For the Utilities - Regulated Gas subindustry, Black Hills'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.
Black Hills Enterprise Value vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Black Hills's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Black Hills's Enterprise Value falls into.
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
Black Hills's Enterprise Value for the fiscal year that ended in Dec. 2025 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.
What does a Enterprise Value of MXN180,695 Mil mean?
Black Hills (MEX:BKH) has a Enterprise Value of MXN180,695 Mil as of Jul. 11, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Black Hills and its competitors.
Is Black Hills' Enterprise Value too high?
Black Hills' current Enterprise Value is MXN180,695 Mil. Overall, Black Hills has a GF Score™ of 75/100, reflecting its overall financial health beyond just this single metric.
How does Black Hills' Enterprise Value compare to NJR and OGS?
Black Hills' Enterprise Value of MXN180,695 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 Black Hills and its competitors. Black Hills's current Enterprise Value is MXN180,695 Mil. 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 Enterprise Value of MXN180,695 Mil. The stock's GF Value™ is MXN876.49, compared to a current price of MXN1,089.00 — trading 24.2% above its estimated fair value. The current Enterprise Value is MXN180,695 Mil. Black Hills' overall GF Score™ is 75/100 with 10 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 Black Hills (MEX:BKH), the current Enterprise Value is MXN180,695 Mil as of Jul. 11, 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 24.2% above its estimated GF Value™ of MXN876.49.
Key valuation signals for MEX:BKH:
Enterprise Value: MXN180,695 Mil
GF Value™: MXN876.49 vs. price of MXN1,089.00 (24.2% above fair value)
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.
75GF Score
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