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Black Hills PE Ratio

: 17.60 (As of Today)
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The PE Ratio, 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). As of today (2021-10-27), Black Hills's share price is $66.01. Black Hills's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2021 was $3.75. Therefore, Black Hills's PE Ratio for today is 17.60.

Good Sign:

Black Hills Corp stock PE Ratio (=17.69) is close to 1-year low of 15.96


The historical rank and industry rank for Black Hills's PE Ratio or its related term are showing as below:

NYSE:BKH' s PE Ratio Range Over the Past 10 Years
Min: 11.64   Med: 19.56   Max: 246.46
Current: 17.62

11.64
246.46

During the past 13 years, the highest PE Ratio of Black Hills was 246.46. The lowest was 11.64. And the median was 19.56.


NYSE:BKH's PE Ratio is ranked lower than
88% of the 112 Companies
in the Utilities - Regulated industry.

( Industry Median: 17.20 vs. NYSE:BKH: 17.62 )

Black Hills's Earnings per Share (Diluted) for the three months ended in Jun. 2021 was $0.40. Its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2021 was $3.75.

As of today (2021-10-27), Black Hills's share price is $66.01. Black Hills's EPS without NRI for the trailing twelve months (TTM) ended in Jun. 2021 was $3.75. Therefore, Black Hills's PE Ratio without NRI for today is 17.60.

During the past 13 years, Black Hills's highest PE Ratio without NRI was 246.46. The lowest was 10.85. And the median was 19.66.

Black Hills's EPS without NRI for the three months ended in Jun. 2021 was $0.40. Its EPS without NRI for the trailing twelve months (TTM) ended in Jun. 2021 was $3.75.

During the past 12 months, Black Hills's average EPS without NRI Growth Rate was 18.70% per year. During the past 3 years, the average EPS without NRI Growth Rate was 1.20% per year. During the past 5 years, the average EPS without NRI Growth Rate was 5.30% per year. During the past 10 years, the average EPS without NRI Growth Rate was 10.70% per year.

During the past 13 years, Black Hills's highest 3-Year average EPS without NRI Growth Rate was 46.60% per year. The lowest was -24.60% per year. And the median was 6.50% per year.

Black Hills's EPS (Basic) for the three months ended in Jun. 2021 was $0.40. Its EPS (Basic) for the trailing twelve months (TTM) ended in Jun. 2021 was $3.75.


Black Hills PE Ratio Historical Data

The historical data trend for Black Hills's PE Ratio 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.

* Premium members only.

Black Hills Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
PE Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 44.77 18.73 13.47 23.95 16.84

Black Hills Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
PE Ratio 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 Premium Member Only Premium Member Only Premium Member Only 17.93 15.07 16.84 18.14 17.50

Competitive Comparison

For the Utilities - Diversified subindustry, Black Hills's PE Ratio, along with its competitors' market caps and PE Ratio 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 PE Ratio Distribution

For the Utilities - Regulated industry and Utilities sector, Black Hills's PE Ratio distribution charts can be found below:

* The bar in red indicates where Black Hills's PE Ratio falls into.



Black Hills PE Ratio Calculation

The PE Ratio, 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.

Black Hills's PE Ratio for today is calculated as

PE Ratio=Share Price/Earnings per Share (Diluted) (TTM)
=66.01/3.750
=17.60

Black Hills's Share Price of today is $66.01.
Black Hills's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $3.75.

* 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 Ratios used by different investors. They are Trailing Twelve Month PE Ratio or PE Ratio (TTM), Forward PE Ratio, or PE Ratio without NRI. A new PE Ratio based on inflation-adjusted normalized PE Ratio is called Shiller PE Ratio, after Yale professor Robert Shiller.

In the calculation of PE Ratio, 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.


Black Hills  (NYSE:BKH) PE Ratio Explanation

The PE Ratio 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 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 is positive. Also for stocks with the same PE Ratio, the one with faster growth business is more attractive.

If a company loses money, the PE Ratio 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 divided by the growth ratio. He thinks a company with a PE Ratio 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 of 20, instead of a company growing 10% a year with a PE Ratio of 10.

Because the PE Ratio measures how long it takes to earn back the price you pay, the PE Ratio 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.

Similar to the PE Ratio without NRI or PS Ratio or Price-to-Operating-Cash-Flow or Price-to-Free-Cash-Flow , the PE Ratio measures the valuation based on the earning power of the company. This is where it is different from the PB Ratio , which measures the valuation based on the company's balance sheet.


Be Aware

Investors need to be aware that the PE Ratio 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 Ratios are artificially low. It is usually a bad idea to buy a cyclical business when the PE Ratio is low. A better ratio to identify the time to buy a cyclical businesses is the PS Ratio .

PE Ratio 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.


Black Hills PE Ratio Related Terms

Thank you for viewing the detailed overview of Black Hills's PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Black Hills Business Description

Black Hills logo
Industry
Utilities » Utilities - Regulated NAICS : 221118 SIC : 4911
Traded in Other Exchanges
Address
7001 Mount Rushmore Road, Rapid City, SD, USA, 57702
Black Hills Corp is a U.S.-based energy company that operates through its regulated Electric Utilities, regulated Gas Utilities, Power Generation and Mining segments. 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. Most of these customers are residential. Black Hills derives the majority of its revenue from its utilities business group, specifically from electric utilities.
Executives
Prochazka Scott M director 1111 LOUISIANA HOUSTON TX 77002
Granger Barry M director PO BOX 1400 RAPID CITY SD 57709
Jensen Tony A director 620 E HEARTSTRONG STREET SUPERIOR CO 80027
Otto Robert P director PO BOX 1400 RAPID CITY SD 57709
Mcallister Kathleen S director DEEPWATER HOUSE, KINGSWELLS CAUSEWAY PRIME FOUR BUSINESS PARK ABERDEEN, SCOTLAND X0 AB15 8PU
Schober Mark A director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: SCHOBER MARK A a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Roberts Rebecca B director 1000 LOUISIANA SUITE 5800 HOUSTON TX 77002
Vering John B director PO BOX 1400 RAPID CITY SD 57709
Madison Michael director PO BOX 5000 PINEVILLE LA 71361-5000
Taylor Teresa director FIRST INTERSTATE BANCSYSTEM, INC PO BOX 30918 BILLINGS MT 59116-0918
Mills Steven Richard director C/O ARCHER DANIELS MIDLAND CO 4666 FARIES PARKWAY DECATUR IL 62526
Kinzley Richard officer: Sr VP & CFO PO BOX 1400 RAPID CITY SD 57709
Evans Linden R officer: President and CEO PO BOX 1400 RAPID CITY SD 57709
Emery David R director, officer: Executive Chairman P O BOX 1400 RAPID CITY SD 57709-1400
Beachy Karen H officer: Sr VP - Growth & Strategy PO BOX 1400 RAPID CITY SD 57709

Black Hills Headlines

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