Hawaiian Electric IndustriesHE +1.42%65 PE Ratio (TTM) is 18.38 as of Jul. 02, 2026, which is 4% below its 10-year median of 19.09. GuruFocus rates HE with a GF Score™ of 65/100 and a GF Value™ of $8.03 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 447 Utilities - Regulated companies, Hawaiian Electric Industries ranks worse than 60.18% on this metric.
During the past 3 years, the average EPS without NRIGrowth Rate was -14.90% per year.
During the past 13 years, Hawaiian Electric Industries's highest 3-Year average EPS without NRI Growth Rate was 46.10% per year. The lowest was -24.40% per year. And the median was 2.65% per year.
Hawaiian Electric Industries (NYSE:HE) PE Ratio (TTM) Explanation
The PE Ratio (TTM) can be viewed as the number of years it takes for the company to earn back the price you pay for the stock. For example, if a company earns $2 a share per year, and the stock is traded at $30, the PE Ratio (TTM) is 15. Therefore it takes 15 years for the company to earn back the $30 you paid for its stock, assuming the earnings stays constant over the next 15 years.
In real business, earnings never stay constant. If a company can grow its earnings, it takes fewer years for the company to earn back the price you pay for the stock. If a company's earnings decline it takes more years. As a shareholder, you want the company to earn back the price you pay as soon as possible. Therefore, lower P/E stocks are more attractive than higher P/E stocks so long as the PE Ratio (TTM) is positive. Also for stocks with the same PE Ratio (TTM), the one with faster growth business is more attractive.
If a company loses money, the PE Ratio (TTM) becomes meaningless.
To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the PE Ratio (TTM) divided by the growth ratio. He thinks a company with a PE Ratio (TTM) equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a PE Ratio (TTM) of 20, instead of a company growing 10% a year with a PE Ratio (TTM) of 10.
Because the PE Ratio (TTM) measures how long it takes to earn back the price you pay, the PE Ratio (TTM) can be applied to the stocks across different industries. That is why it is the one of the most important and widely used indicators for the valuation of stocks.
Investors need to be aware that the PE Ratio (TTM) can be misleading a lot of times, especially when the underlying business is cyclical and unpredictable. As Peter Lynch pointed out, cyclical businesses have higher profit margins at the peaks of the business cycles. Their earnings are high and PE Ratio (TTM)s are artificially low. It is usually a bad idea to buy a cyclical business when the PE Ratio (TTM) is low. A better ratio to identify the time to buy a cyclical businesses is the PS Ratio .
PE Ratio (TTM) can also be affected by non-recurring-items such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio (TTM).
Hawaiian Electric Industries PE Ratio (TTM) Related Terms
Hawaiian Electric Industries PE Ratio (TTM) 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 PE Ratio (TTM), along with its competitors' market caps and PE Ratio (TTM) 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 PE Ratio (TTM) vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Hawaiian Electric Industries's PE Ratio (TTM) distribution charts can be found below:
* The bar in red indicates where Hawaiian Electric Industries's PE Ratio (TTM) falls into.
Hawaiian Electric Industries PE Ratio (TTM) Calculation
The PE Ratio (TTM), or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). It is the most widely used ratio in the valuation of stocks.
Hawaiian Electric Industries's Share Price of today is $13.60.
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 $0.74.
* 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.
It can also be calculated from the numbers for the whole company:
There are at least three kinds of PE Ratio (TTM)s used by different investors. They are Trailing Twelve Month PE Ratio (TTM) or PE Ratio (TTM) (TTM), Forward PE Ratio, or PE Ratio without NRI. A new PE Ratio (TTM) based on inflation-adjusted normalized PE Ratio (TTM) is called Shiller PE Ratio, after Yale professor Robert Shiller.
In the calculation of PE Ratio (TTM), the earnings per share used are the earnings per share over the past 12 months. For Forward PE Ratio, the earnings are the expected earnings for the next twelve months. In the case of PE Ratio without NRI, the reported earnings less the non-recurring items are used.
For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. Since it looks at the average over the last 10 years, Shiller PE Ratio is also called PE10.
Hawaiian Electric Industries (HE) has a PE Ratio (TTM) of 18.38 as of Jul. 02, 2026. Trailing 12-month P/E ratio is the ratio of share price to a company's trailing 12-month earnings per share. View historical data on Hawaiian Electric Industries and its competitors. This is near median its historical median of 19.09. Over the past decade, Hawaiian Electric Industries' PE Ratio (TTM) has ranged from 4.62 to 151.50. According to the industry distribution chart, Hawaiian Electric Industries ranks #269 out of 447 companies in the Utilities - Regulated industry, placing it in the top 60.2%.
Is Hawaiian Electric Industries' PE Ratio (TTM) too high?
Hawaiian Electric Industries' current PE Ratio (TTM) of 18.38 is near median its 10-year median of 19.09. Over the past 10 years, this metric has ranged from a low of 4.62 to a high of 151.50. The Utilities - Regulated industry median PE Ratio (TTM) is 15.54. Hawaiian Electric Industries' value of 18.38 is 18.3% above this industry median. Based on the distribution chart, Hawaiian Electric Industries ranks #269 out of 447 companies in the Utilities - Regulated industry, which is below the industry midpoint. 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' PE Ratio (TTM) compare to MGEE and IMSR?
According to the Utilities - Regulated industry distribution chart, Hawaiian Electric Industries ranks #269 out of 447 companies for PE Ratio (TTM). This places Hawaiian Electric Industries in the lower half of its industry. The industry median PE Ratio (TTM) is 15.54. Hawaiian Electric Industries' value of 18.38 is 18.3% above this benchmark. Historically, Hawaiian Electric Industries' own PE Ratio (TTM) has ranged from 4.62 to 151.50 over the past decade. While the company's 10-year median is 19.09 vs. the industry median of 15.54, 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 PE Ratio (TTM) for an Utilities - Regulated company?
The median PE Ratio (TTM) among Utilities - Regulated companies is 15.54, based on 447 companies in the industry. Companies in the top quartile (top 25%) have a PE Ratio (TTM) significantly above this median, while those in the bottom quartile fall well below. However, PE Ratio (TTM) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hawaiian Electric Industries's current PE Ratio (TTM) of 18.38 is 18.3% 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 PE Ratio (TTM) mean?
A high PE Ratio (TTM) can signal that a stock is expensive relative to its fundamentals. Trailing 12-month P/E ratio is the ratio of share price to a company's trailing 12-month earnings per share. View historical data on Hawaiian Electric Industries and its competitors. For the Utilities - Regulated industry, the median PE Ratio (TTM) is 15.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hawaiian Electric Industries's current PE Ratio (TTM) is 18.38, which is near median its own 10-year median of 19.09. 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 $13.60 — trading 69.4% above its estimated fair value. The current PE Ratio (TTM) is 18.38, which is near median its 10-year median of 19.09 and 18.3% above the Utilities - Regulated industry median of 15.54. 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 PE Ratio (TTM) calculated?
PE Ratio (TTM) is calculated from a company's financial statements. For Hawaiian Electric Industries (HE), the current PE Ratio (TTM) is 18.38 as of Jul. 02, 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 $13.60 is trading 69.4% above its estimated GF Value™ of $8.03.
GuruFocus considers Hawaiian Electric Industries to be Significantly Overvalued.
Key valuation signals for HE:
PE Ratio (TTM): 18.38 (near median its 10-year median of 19.09)
GF Value™: $8.03 vs. price of $13.60 (69.4% above fair value)
Industry Position: 18.3% above the Utilities - Regulated median (#269 of 447)
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
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