HE PE ratio history
The average historical PE ratio of Hawaiian Electric Industries for the last ten years is 18.77. The current P/E ratio of 35.63 is 90% higher than the historical average. In the past ten years, HE's PE ratio peaked in the Jun 2025 quarter at 33.22, when the stock price was $10.63 and the EPS was $0.32. 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.
Hawaiian Electric Industries PE ratio by year
Maximum annual increase: 65.37% in 2017
Maximum annual decrease: -58.99% in 2023
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2024 | N/A | N/A | $9.73 | -$11.23 |
| 2023 | 7.8 | -58.99% | $14.19 | $1.82 |
| 2022 | 19.02 | 3.15% | $41.85 | $2.2 |
| 2021 | 18.44 | -5.68% | $41.5 | $2.25 |
| 2020 | 19.55 | -16.56% | $35.39 | $1.81 |
| 2019 | 23.43 | 18.39% | $46.86 | $2 |
| 2018 | 19.79 | -16.78% | $36.62 | $1.85 |
| 2017 | 23.78 | 65.37% | $36.15 | $1.52 |
| 2016 | 14.38 | -25.49% | $33.07 | $2.3 |
| 2015 | 19.3 | -4.88% | $28.95 | $1.5 |
| 2014 | 20.29 | 26.89% | $33.48 | $1.65 |
| 2013 | 15.99 | -9.04% | $26.06 | $1.63 |
| 2012 | 17.58 | -3.72% | $25.14 | $1.43 |
| 2011 | 18.26 | -2.25% | $26.48 | $1.45 |
| 2010 | 18.68 | -18.68% | $22.79 | $1.22 |
Hawaiian Electric Industries PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Jun 2025 | 33.22 | N/A | $10.63 | $0.32 |
| Mar 2025 | N/A | N/A | $10.95 | -$11.57 |
| Dec 2024 | N/A | N/A | $9.73 | -$11.23 |
| Sep 2024 | N/A | N/A | $9.68 | -$11.82 |
| Jun 2024 | N/A | N/A | $9.02 | -$10.54 |
| Mar 2024 | 6.63 | -15% | $11.27 | $1.7 |
| Dec 2023 | 7.8 | 19.82% | $14.19 | $1.82 |
| Sep 2023 | 6.51 | -62.41% | $12.31 | $1.89 |
| Jun 2023 | 17.32 | -6.63% | $36.2 | $2.09 |
| Mar 2023 | 18.55 | -2.47% | $38.4 | $2.07 |
| Dec 2022 | 19.02 | 19.62% | $41.85 | $2.2 |
| Sep 2022 | 15.9 | -14.88% | $34.66 | $2.18 |
| Jun 2022 | 18.68 | 1.08% | $40.9 | $2.19 |
| Mar 2022 | 18.48 | 0.22% | $42.31 | $2.29 |
| Dec 2021 | 18.44 | -0.22% | $41.5 | $2.25 |
HE Price vs fair value
HE average PE ratio chart
The current PE ratio of HE is higher than its 3, 5 and 10-year historical averages.
HE PE vs peers
In comparison to its peer stocks XEL and PCG, HE's PE ratio is higher. Hawaiian Electric Industries's PE ratio is trading above the peer group average of 15.65.
| Stock name | PE ratio | Market cap |
|---|---|---|
| EIX Edison International | 8.13 | $21.36B |
| AES Aes Corp | 9.37 | $9.48B |
| PCG PG&E Corp | 13.78 | $40.19B |
| POR Portland General Electric Co | 15.61 | $4.65B |
| AVA Avista Corp | 16.72 | $3.02B |
| PNW Pinnacle West Capital Corp | 18.38 | $10.91B |
| XEL Xcel Energy Inc | 21.16 | $41.49B |
| IDA Idacorp Inc | 22.08 | $6.78B |
| HE Hawaiian Electric Industries Inc | 35.63 | $1.97B |
Frequently asked questions
What is Hawaiian Electric Industries's PE ratio?
The price to earnings ratio for HE stock is 35.63 as of Aug 15, 2025.
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 15.62.
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 17.22.
What is the highest PE ratio for HE?
The current PE of 35.63 represents the highest historical value in the last ten years.
How does the current PE ratio for HE compare to its historical average?
The current price to earnings ratio of HE is 90% higher than the 10-year historical average.
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 (Aug 15, 2025), Hawaiian Electric Industries's stock price is $11.4. The earnings per share for the trailing twelve months (TTM) ending Jun 2025 is $0.32. Therefore, Hawaiian Electric Industries's PE ratio for today is 35.63. PE RATIO(35.63) = STOCK PRICE($11.4) / TTM EPS($0.32)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.