The current PE ratio for Hawaiian Electric Industries stock as of May 3, 2024 is 5.74. This is calculated based on the current EPS of $1.82 and the stock price of $10.44 per share. The PE ratio has decreased by 54% from the past four quarters average of 12.5.
The average historical PE ratio of Hawaiian Electric Industries for the last ten years is 18.68. The current P/E ratio of 5.74 is 69% 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.
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% |
The current PE ratio of HE is lower than the 3, 5 and 10-year averages.
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 19.5.
| Stock name | PE ratio | Market cap |
|---|---|---|
| HE Hawaiian Electric Industries Inc | 5.63 | $1.13B |
| PCG PG&E Corp | 15.38 | $45.85B |
| AVA Avista Corp | 15.42 | $2.92B |
| XEL Xcel Energy Inc | 16.03 | $29.66B |
| PNW Pinnacle West Capital Corp | 16.42 | $8.58B |
| POR Portland General Electric Co | 16.75 | $4.52B |
| IDA Idacorp Inc | 19.16 | $4.86B |
| AES Aes Corp | 24.72 | $13.35B |
| EIX Edison International | 31.91 | $27.87B |
| PNM Pnm Resources Inc | 41.74 | $3.43B |
The price to earnings ratio for HE stock is 5.74 as of May 3, 2024.
The average PE ratio for HE stock over the past 3 years is 16.19.
The average PE ratio for HE stock over the past 5 years is 18.34.
The highest quarterly PE ratio in the last ten years has been 24.79 and it was in the Sep 2019 quarter.
The current price to earnings ratio of HE is 69% lower than the 10-year historical average.
HE's stock price is trading at a lower multiple of earnings, which is why its PE ratio of 5.74 is considered low.
You can calculate the P/E ratio by dividing the most recent stock price by the trailing twelve months EPS. As of today (May 3, 2024), Hawaiian Electric Industries's stock price is $10.44. The earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $1.82. Therefore, Hawaiian Electric Industries's PE ratio for today is 5.74. PE RATIO(5.74) = STOCK PRICE($10.44) / TTM EPS($1.82)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.