HEHawaiian Electric Industries, Inc.

$11.50

Is the price fair?

What HE's price assumes

Hawaiian Electric Industries, Inc. trades at 15.5× earnings against 21.0× for the median Utilities - Regulated Electric name, cheaper than its own group.

15.5

Trailing P/E · Utilities - Regulated Electric median 21.0 · cheaper than the typical name in its group

Price / sales
0.83

Price / sales · as of 2026-Q1

Free cash flow yield
2.0%

Free cash flow yield · Utilities - Regulated Electric median 2.0%

Growth the price implies
+18%

Growth the price implies · The price pays for +18% free cash flow growth a year for a decade; the business has delivered −35% a year over the last three.

Details
Price / book2026-Q1
1.57
EV / EBIT2026-Q1
19.4
EV / sales2026-Q1
1.42
Utilities median P/E76 names
21.4
Utilities - Regulated Electric median P/E39 names
21.0
Free cash flow, trailing twelve months
$44M
Market capitalisation
$2.25B
3-year revenue growth
−3.8%
3-year free cash flow growth
−35%
What the market has paid for these earnings: 29 quarters of its own multiple × $0.74 of trailing earnings per share
MethodPer share
Its own P/E history, lower quartile$12.02
Its own P/E history, median$12.73
Its own P/E history, upper quartile$13.14
52-week range$10.79 – $17.08
Today$11.50

Multiples from SEC filings and end-of-day closes; implied growth from a reverse discounted cash flow. Group medians across the names Ryufin tracks.