HE
Hawaiian Electric Industries
PEG ratio, current and historical analysis
Based on the latest data from Jun 22, 2026, HE's PE to growth ratio sits at 0.16. This metric combines a PE of 17.41 with an earnings growth rate of 106.4%. Relative to the 0.19 average from the past four quarters, the PEG ratio is down by 14%.
HE PEG ratio history
Looking at the past ten years, HE's PEG ratio has has been around 1.48 on average. At 0.16, today's PEG ratio sits 89% less than its historical average. Within the past ten years, the Sep 2018 quarter saw the highest PEG reading at 4.87. At 0.07, the Sep 2025 quarter represented the lowest PEG ratio in this timeframe.
Hawaiian Electric Industries PEG ratio by year
| Year | PEG ratio | PE ratio | Growth YoY |
|---|---|---|---|
| 2025 | 0.16 | 17.32 | 106.3% |
| 2024 | N/A | N/A | -717% |
| 2023 | N/A | 7.8 | -17.3% |
| 2022 | N/A | 19.02 | -2.2% |
| 2021 | 0.76 | 18.44 | 24.3% |
| 2020 | N/A | 19.55 | -9.5% |
| 2019 | 2.89 | 23.43 | 8.1% |
| 2018 | 0.91 | 19.79 | 21.7% |
| 2017 | N/A | 23.78 | -33.9% |
| 2016 | 0.27 | 14.38 | 53.3% |
| 2015 | N/A | 19.3 | -9.1% |
| 2014 | 16.91 | 20.29 | 1.2% |
| 2013 | 1.14 | 15.99 | 14% |
| 2012 | N/A | 17.58 | -1.4% |
| 2011 | 0.97 | 18.26 | 18.9% |
Hawaiian Electric Industries PEG ratio by quarter (TTM)
| Year | PEG ratio | PE ratio | Growth YoY |
|---|---|---|---|
| Mar 2026 | 0.19 | 20.05 | 106.4% |
| Dec 2025 | 0.16 | 17.32 | 106.3% |
| Sep 2025 | 0.07 | 7.83 | 111.9% |
| Jun 2025 | 0.32 | 33.22 | 103% |
| Mar 2025 | N/A | N/A | -780.6% |
| Dec 2024 | N/A | N/A | -717% |
| Sep 2024 | N/A | N/A | -725.4% |
| Jun 2024 | N/A | N/A | -604.3% |
| Mar 2024 | N/A | 6.63 | -17.9% |
| Dec 2023 | N/A | 7.8 | -17.3% |
| Sep 2023 | N/A | 6.51 | -13.3% |
| Jun 2023 | N/A | 17.32 | -4.6% |
| Mar 2023 | N/A | 18.55 | -9.6% |
| Dec 2022 | N/A | 19.02 | -2.2% |
| Sep 2022 | N/A | 15.9 | -1.4% |
HE average PEG ratio chart
HE's PEG ratio today is lower than the 5 and 10-year averages.
PEG comparison
Hawaiian Electric Industries's PEG of 0.16 is lower than the Utilities sector, the industry and its peers average. Looking at the Utilities sector average of 1.29, Hawaiian Electric Industries's PEG is 88% lower.
HE EPS growth
HE Price vs fair value
HE PEG vs peers
Relative to its peer stocks XEL and PCG, HE's PEG ratio is lower. Hawaiian Electric Industries's PEG ratio of 0.16 is below the peer average of 2.37.
| Stock name | PEG ratio | Market cap |
|---|---|---|
| HE Hawaiian Electric Industries Inc | 0.16 | $2.22B |
| EIX Edison International | 0.26 | $27.78B |
| PCG PG&E Corp | 0.7 | $36.62B |
| AVA Avista Corp | 2.33 | $3.28B |
| IDA Idacorp Inc | 2.82 | $7.91B |
| PNW Pinnacle West Capital Corp | 3.24 | $12.41B |
| AES Aes Corp | 4.89 | $10.45B |
| XEL Xcel Energy Inc | 8.68 | $49.2B |
| POR Portland General Electric Co | N/A | $5.81B |
Frequently asked questions
What is Hawaiian Electric Industries's PEG ratio?
HE has a PEG ratio of 0.16, per Jun 22, 2026 data.
What is the 5-year average PEG ratio for Hawaiian Electric Industries (HE)?
HE has a 5-year average PEG ratio of 0.8.
What is the highest PEG ratio for HE?
The Sep 2018 quarter marked the ten years high at 4.87 for HE's PEG ratio.
How does the current PEG ratio for HE compare to its historical average?
HE currently has a PEG ratio 89% below its 10-year average.
Why is Hawaiian Electric Industries's PEG ratio so low?
Rapid earnings growth combined with a modest valuation gives HE a PEG ratio of 0.16.
How is HE's PEG ratio calculated (Hawaiian Electric Industries PEG ratio formula)?
PEG equals PE divided by earnings per share growth (YoY TTM). As of Jun 22, 2026, Hawaiian Electric Industries has a PE ratio of 17.41. Earnings grew at 106.4% over the TTM period ending Mar 2026. Applying the formula, this gives a PEG ratio of 0.16. PEG RATIO(0.16) = PE RATIO(17.41) / EPS GROWTH(106.4%)
All PEG ratio stats are based on quarterly TTM periods, unless otherwise specified.