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HE Hawaiian Electric Industries PE ratio, current and historical analysis

The current PE ratio for Hawaiian Electric Industries stock as of Jun 18, 2024 is 5.53. This is calculated based on the current EPS of $1.7 and the stock price of $9.4 per share. The PE ratio has decreased by 42% from the past four quarters average of 9.6.

HE PE ratio history

How has HE's PE ratio performed in the past

The average historical PE ratio of Hawaiian Electric Industries for the last ten years is 18.37. The current P/E ratio of 5.53 is 70% lower than the historical average. In the past ten years, HE's PE ratio peaked in the Sep 2019 quarter at 24.79, when the stock price was $45.61 and the EPS was $1.84. The lowest point was in the Sep 2023 quarter, when it reached 6.51 with a price of $12.31 and an EPS of $1.89.

Average
18.37
Median
19.16
Minimum
6.51
Maximum
24.79

Hawaiian Electric Industries PE ratio by year

Maximum annual increase: 65.37% in 2017

Maximum annual decrease: -58.99% in 2023

Year PE ratio Change
2023 7.8 -58.99%
2022 19.02 3.15%
2021 18.44 -5.68%
2020 19.55 -16.56%
2019 23.43 18.39%
2018 19.79 -16.78%
2017 23.78 65.37%
2016 14.38 -25.49%
2015 19.3 -4.88%
2014 20.29 26.89%

HE average PE ratio chart

What is the average PE ratio of HE for the past years

The current PE ratio of HE is lower than the 3, 5 and 10-year averages.

3-year avg
15.4
5-year avg
17.76
10-year avg
18.37
15-year avg
18.5

HE PE vs peers

What is HE's PE ratio compared to its peers

In comparison to its peer stocks PCG and XEL, HE's PE ratio is lower. Hawaiian Electric Industries's PE ratio is trading below the peer group average of 21.32.

Stock name PE ratio Market cap
HE Hawaiian Electric Industries Inc 5.51 $1.03B
AVA Avista Corp 14.15 $2.68B
PCG PG&E Corp 15.54 $46.32B
XEL Xcel Energy Inc 15.96 $29.53B
POR Portland General Electric Co 16.26 $4.39B
PNW Pinnacle West Capital Corp 16.36 $8.55B
IDA Idacorp Inc 18.25 $4.63B
AES Aes Corp 24.66 $13.32B
EIX Edison International 31.61 $27.61B
PNM Pnm Resources Inc 39.69 $3.26B

Frequently asked questions

What is Hawaiian Electric Industries's PE ratio?

The price to earnings ratio for HE stock is 5.53 as of Jun 18, 2024.

What is the 3-year average PE ratio for Hawaiian Electric Industries (HE)?

The average PE ratio for HE stock over the past 3 years is 15.4.

What is the 5-year average PE ratio for Hawaiian Electric Industries (HE)?

The average PE ratio for HE stock over the past 5 years is 17.76.

What is the highest PE ratio for HE?

The highest quarterly PE ratio in the last ten years has been 24.79 and it was in the Sep 2019 quarter.

How does the current PE ratio for HE compare to its historical average?

The current price to earnings ratio of HE is 70% lower than the 10-year historical average.

Why is Hawaiian Electric Industries's PE ratio so low?

HE's stock price is trading at a lower multiple of earnings, which is why its PE ratio of 5.53 is considered low.

How is HE's PE ratio calculated (Hawaiian Electric Industries PE ratio formula)?

You can calculate the P/E ratio by dividing the most recent stock price by the trailing twelve months EPS. As of today (Jun 18, 2024), Hawaiian Electric Industries's stock price is $9.4. The earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $1.7. Therefore, Hawaiian Electric Industries's PE ratio for today is 5.53. PE RATIO(5.53) = STOCK PRICE($9.4) / TTM EPS($1.7)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.