Hawaiian Electric IndustriesHE -0.29%64 EV-to-FCF is 109.16 as of Jul. 01, 2026, which is 192% above its 10-year median of 37.36. GuruFocus rates HE with a GF Score™ of 64/100 and a GF Value™ of $8.03 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 298 Utilities - Regulated companies, Hawaiian Electric Industries ranks worse than 91.28% on this metric.
The historical rank and industry rank for Hawaiian Electric Industries's EV-to-FCF or its related term are showing as below:
HE'
s EV-to-FCF Range Over the Past 10 Years
Min: -665.41 Med: 37.36 Max: 317.38
Current: 109.16
During the past 13 years, the highest EV-to-FCF of Hawaiian Electric Industries was 317.38. The lowest was -665.41. And the median was 37.36.
HE's EV-to-FCF is ranked worse than 91.28% of 298
companies
in the Utilities - Regulated industry
Industry Median: 18.26
vs HE: 109.16
EV-to-FCF 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-FCF Explanation
EV-to-FCF 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 $13.53.
Hawaiian Electric Industries's Earnings per Share (Diluted) 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 $0.740.
* 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. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Hawaiian Electric Industries EV-to-FCF Related Terms
Hawaiian Electric Industries EV-to-FCF 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-FCF, along with its competitors' market caps and EV-to-FCF 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-FCF vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Hawaiian Electric Industries's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Hawaiian Electric Industries's EV-to-FCF falls into.
Hawaiian Electric Industries's current Enterprise Value is $4,829 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 (HE) has a EV-to-FCF of 109.16 as of Jul. 01, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Hawaiian Electric Industries and its competitors. This is 192% above median its historical median of 37.36. According to the industry distribution chart, Hawaiian Electric Industries ranks #272 out of 298 companies in the Utilities - Regulated industry, placing it in the top 91.3%.
Is Hawaiian Electric Industries' EV-to-FCF too high?
Hawaiian Electric Industries' current EV-to-FCF of 109.16 is 192% above median its 10-year median of 37.36. The Utilities - Regulated industry median EV-to-FCF is 18.26. Hawaiian Electric Industries' value of 109.16 is 497.8% above this industry median. Based on the distribution chart, Hawaiian Electric Industries ranks #272 out of 298 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Hawaiian Electric Industries has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hawaiian Electric Industries' EV-to-FCF compare to MGEE and IMSR?
According to the Utilities - Regulated industry distribution chart, Hawaiian Electric Industries ranks #272 out of 298 companies for EV-to-FCF. This places Hawaiian Electric Industries in the lower half of its industry. The industry median EV-to-FCF is 18.26. Hawaiian Electric Industries' value of 109.16 is 497.8% above this benchmark. While the company's 10-year median is 37.36 vs. the industry median of 18.26, Hawaiian Electric Industries 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-FCF for an Utilities - Regulated company?
The median EV-to-FCF among Utilities - Regulated companies is 18.26, based on 298 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hawaiian Electric Industries's current EV-to-FCF of 109.16 is 497.8% 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-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Hawaiian Electric Industries and its competitors. For the Utilities - Regulated industry, the median EV-to-FCF is 18.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hawaiian Electric Industries's current EV-to-FCF is 109.16, which is 192% above median its own 10-year median of 37.36. 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 $8.03, compared to a current price of $13.53 — trading 68.5% above its estimated fair value. The current EV-to-FCF is 109.16, which is 192% above median its 10-year median of 37.36 and 497.8% above the Utilities - Regulated industry median of 18.26. Hawaiian Electric Industries' overall GF Score™ is 64/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Hawaiian Electric Industries (HE), the current EV-to-FCF is 109.16 as of Jul. 01, 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 $13.53 is trading 68.5% above its estimated GF Value™ of $8.03.
GuruFocus considers Hawaiian Electric Industries to be Significantly Overvalued.
Key valuation signals for HE:
EV-to-FCF: 109.16 (192% above median its 10-year median of 37.36)
GF Value™: $8.03 vs. price of $13.53 (68.5% above fair value)
Industry Position: 497.8% above the Utilities - Regulated median (#272 of 298)
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.
64GF Score
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