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Hawaiian Electric IndustriesFRA:HWI -1.75%65 Equity-to-Asset is 0.21 as of Jun. 2026, which is 31% above its 10-year median of 0.16. GuruFocus rates FRA:HWI with a GF Score™ of 65/100 and a GF Value™ of €7.13 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 507 Utilities - Regulated companies, Hawaiian Electric Industries ranks worse than 86.39% on this metric.
Hawaiian Electric Industries (FRA:HWI) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Hawaiian Electric Industries Equity-to-Asset Related Terms
Hawaiian Electric Industries Equity-to-Asset 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.
Hawaiian Electric Industries Equity-to-Asset Chart
FRA:HWI vs MGEE, NKLR, IMSR: Equity-to-Asset Comparison
For the Utilities - Regulated Electric subindustry, Hawaiian Electric Industries's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Hawaiian Electric Industries's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Hawaiian Electric Industries's Equity-to-Asset falls into.
Hawaiian Electric Industries Equity-to-Asset Calculation
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Hawaiian Electric Industries's Equity to Asset Ratio 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.
Hawaiian Electric Industries (FRA:HWI) has a Equity-to-Asset of 0.21 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Hawaiian Electric Industries and its competitors. This is 31% above median its historical median of 0.16. Over the past decade, Hawaiian Electric Industries' Equity-to-Asset has ranged from 0.07 to 0.21. According to the industry distribution chart, Hawaiian Electric Industries ranks #438 out of 507 companies in the Utilities - Regulated industry, placing it in the top 86.4%.
Is Hawaiian Electric Industries' Equity-to-Asset too high?
Hawaiian Electric Industries' current Equity-to-Asset of 0.21 is 31% above median its 10-year median of 0.16. Over the past 10 years, this metric has ranged from a low of 0.07 to a high of 0.21. The Utilities - Regulated industry median Equity-to-Asset is 0.36. Hawaiian Electric Industries' value of 0.21 is 41.7% below this industry median. Based on the distribution chart, Hawaiian Electric Industries ranks #438 out of 507 companies in the Utilities - Regulated industry, which is in the bottom quartile 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' Equity-to-Asset compare to MGEE and NKLR?
According to the Utilities - Regulated industry distribution chart, Hawaiian Electric Industries ranks #438 out of 507 companies for Equity-to-Asset. This places Hawaiian Electric Industries in the lower half of its industry. The industry median Equity-to-Asset is 0.36. Hawaiian Electric Industries' value of 0.21 is 41.7% below this benchmark. Historically, Hawaiian Electric Industries' own Equity-to-Asset has ranged from 0.07 to 0.21 over the past decade. While the company's 10-year median is 0.16 vs. the industry median of 0.36, Hawaiian Electric Industries has consistently been below 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 Equity-to-Asset for an Utilities - Regulated company?
The median Equity-to-Asset among Utilities - Regulated companies is 0.36, based on 507 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hawaiian Electric Industries's current Equity-to-Asset of 0.21 is 41.7% below 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Hawaiian Electric Industries and its competitors. For the Utilities - Regulated industry, the median Equity-to-Asset is 0.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hawaiian Electric Industries's current Equity-to-Asset is 0.21, which is 31% above median its own 10-year median of 0.16. 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 (FRA:HWI) is currently considered Significantly Overvalued. The stock's GF Value™ is €7.13, compared to a current price of €9.78 — trading 37.2% above its estimated fair value. The current Equity-to-Asset is 0.21, which is 31% above median its 10-year median of 0.16 and 41.7% below the Utilities - Regulated industry median of 0.36. 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 Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Hawaiian Electric Industries (FRA:HWI), the current Equity-to-Asset is 0.21 as of Jun. 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 (FRA:HWI) Overvalued in 2026?
Based on GuruFocus' analysis, Hawaiian Electric Industries stock appears to be overvalued.
The current stock price of €9.78 is trading 37.2% above its estimated GF Value™ of €7.13.
GuruFocus considers Hawaiian Electric Industries to be Significantly Overvalued.
Key valuation signals for FRA:HWI:
Equity-to-Asset: 0.21 (31% above median its 10-year median of 0.16)
GF Value™: €7.13 vs. price of €9.78 (37.2% above fair value)
Industry Position: 41.7% below the Utilities - Regulated median (#438 of 507)
No single metric tells the full story. See the FRA:HWI 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
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