Hawaiian Electric IndustriesHE -1.95%64 ROA % is 1.37% as of Mar. 2026, which is 6% below its 10-year median of 1.46. GuruFocus rates HE with a GF Score™ of 64/100 and a GF Value™ of $8.02 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 511 Utilities - Regulated companies, Hawaiian Electric Industries ranks worse than 73.19% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Hawaiian Electric Industries's annualizedNet Income for the quarter that ended in Mar. 2026 was $122 Mil.
Hawaiian Electric Industries's average Total Assets over the quarter that ended in Mar. 2026 was $8,919 Mil. Therefore, Hawaiian Electric Industries's annualized ROA % for the quarter that ended in Mar. 2026 was 1.37%.
The historical rank and industry rank for Hawaiian Electric Industries's ROA % or its related term are showing as below:
HE'
s ROA % Range Over the Past 10 Years
Min: -10.88 Med: 1.46 Max: 2.07
Current: 1.48
During the past 13 years, Hawaiian Electric Industries's highest ROA % was 2.07%. The lowest was -10.88%. And the median was 1.46%.
HE's ROA % is ranked worse than 73.19% of 511
companies
in the Utilities - Regulated industry
Industry Median: 3.02
vs HE: 1.48
Hawaiian Electric Industries (NYSE:HE) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
Hawaiian Electric Industries ROA % Related Terms
Hawaiian Electric Industries ROA % 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 ROA %, along with its competitors' market caps and ROA % 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 ROA % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Hawaiian Electric Industries's ROA % distribution charts can be found below:
* The bar in red indicates where Hawaiian Electric Industries's ROA % falls into.
* 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.
In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Hawaiian Electric Industries (HE) has a ROA % of 1.37% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Hawaiian Electric Industries and its competitors. This is near median its historical median of 1.46. According to the industry distribution chart, Hawaiian Electric Industries ranks #374 out of 511 companies in the Utilities - Regulated industry, placing it in the top 73.2%.
Is Hawaiian Electric Industries' ROA % too high?
Hawaiian Electric Industries' current ROA % of 1.37% is near median its 10-year median of 1.46. The Utilities - Regulated industry median ROA % is 3.02. Hawaiian Electric Industries' value of 1.37% is 54.6% below this industry median. Based on the distribution chart, Hawaiian Electric Industries ranks #374 out of 511 companies in the Utilities - Regulated industry, which is below the industry midpoint. 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' ROA % compare to MGEE and IMSR?
According to the Utilities - Regulated industry distribution chart, Hawaiian Electric Industries ranks #374 out of 511 companies for ROA %. This places Hawaiian Electric Industries in the lower half of its industry. The industry median ROA % is 3.02. Hawaiian Electric Industries' value of 1.37% is 54.6% below this benchmark. While the company's 10-year median is 1.46 vs. the industry median of 3.02, 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 ROA % for an Utilities - Regulated company?
The median ROA % among Utilities - Regulated companies is 3.02, based on 511 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hawaiian Electric Industries's current ROA % of 1.37% is 54.6% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Hawaiian Electric Industries and its competitors. For the Utilities - Regulated industry, the median ROA % is 3.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hawaiian Electric Industries's current ROA % is 1.37%, which is near median its own 10-year median of 1.46. 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 $8.02, compared to a current price of $13.06 — trading 62.8% above its estimated fair value. The current ROA % is 1.37%, which is near median its 10-year median of 1.46 and 54.6% below the Utilities - Regulated industry median of 3.02. 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 ROA % calculated?
ROA % is calculated from a company's financial statements. For Hawaiian Electric Industries (HE), the current ROA % is 1.37% as of Mar. 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 $13.06 is trading 62.8% above its estimated GF Value™ of $8.02.
GuruFocus considers Hawaiian Electric Industries to be Significantly Overvalued.
Key valuation signals for HE:
ROA %: 1.37% (near median its 10-year median of 1.46)
GF Value™: $8.02 vs. price of $13.06 (62.8% above fair value)
Industry Position: 54.6% below the Utilities - Regulated median (#374 of 511)
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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