BKH PE Ratio & Valuation,Is BKH Overvalued

BKH Relative Valuation

BKH's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, BKH is overvalued; if below, it's undervalued.

Historical Valuation

Black Hills Corp (BKH) is now in the Fair zone, suggesting that its current forward PE ratio of 16.03 is considered Fairly compared with the five-year average of 15.82. The fair price of Black Hills Corp (BKH) is between 67.97 to 82.21 according to relative valuation methord.

Relative Value

Fair Zone

67.97-82.21

Current Price：72.04

Fair

15.90

10.17

EV/EBITDA

Black Hills Corp. (BKH) has a current EV/EBITDA of 10.17. The 5-year average EV/EBITDA is 11.03. The thresholds are as follows: Strongly Undervalued below 8.03, Undervalued between 8.03 and 9.53, Fairly Valued between 12.53 and 9.53, Overvalued between 12.53 and 14.04, and Strongly Overvalued above 14.04. The current Forward EV/EBITDA of 10.17 falls within the Historic Trend Line -Fairly Valued range.

15.20

EV/EBIT

Black Hills Corp. (BKH) has a current EV/EBIT of 15.20. The 5-year average EV/EBIT is 16.16. The thresholds are as follows: Strongly Undervalued below 11.64, Undervalued between 11.64 and 13.90, Fairly Valued between 18.42 and 13.90, Overvalued between 18.42 and 20.68, and Strongly Overvalued above 20.68. The current Forward EV/EBIT of 15.20 falls within the Historic Trend Line -Fairly Valued range.

2.14

Black Hills Corp. (BKH) has a current PS of 2.14. The 5-year average PS is 1.89. The thresholds are as follows: Strongly Undervalued below 1.25, Undervalued between 1.25 and 1.57, Fairly Valued between 2.21 and 1.57, Overvalued between 2.21 and 2.52, and Strongly Overvalued above 2.52. The current Forward PS of 2.14 falls within the Historic Trend Line -Fairly Valued range.

7.82

P/OCF

Black Hills Corp. (BKH) has a current P/OCF of 7.82. The 5-year average P/OCF is 9.63. The thresholds are as follows: Strongly Undervalued below -26.37, Undervalued between -26.37 and -8.37, Fairly Valued between 27.62 and -8.37, Overvalued between 27.62 and 45.62, and Strongly Overvalued above 45.62. The current Forward P/OCF of 7.82 falls within the Historic Trend Line -Fairly Valued range.

0.00

P/FCF

Black Hills Corp. (BKH) has a current P/FCF of 0.00. The 5-year average P/FCF is 226.23. The thresholds are as follows: Strongly Undervalued below -1711.30, Undervalued between -1711.30 and -742.54, Fairly Valued between 1194.99 and -742.54, Overvalued between 1194.99 and 2163.76, and Strongly Overvalued above 2163.76. The current Forward P/FCF of 0.00 falls within the Historic Trend Line -Fairly Valued range.

Black Hills Corp (BKH) has a current Price-to-Book (P/B) ratio of 1.45. Compared to its 3-year average P/B ratio of 1.23 , the current P/B ratio is approximately 18.40% higher. Relative to its 5-year average P/B ratio of 1.38, the current P/B ratio is about 5.33% higher. Black Hills Corp (BKH) has a Forward Free Cash Flow (FCF) yield of approximately -1.92%. Compared to its 3-year average FCF yield of 2.84%, the current FCF yield is approximately -167.74% lower. Relative to its 5-year average FCF yield of -2.37% , the current FCF yield is about -18.92% lower.

1.44

P/B

Median3y

1.23

Median5y

1.38

-1.92

FCF Yield

Median3y

2.84

Median5y

-2.37

Competitors Valuation Multiple

The average P/S ratio for BKH's competitors is , providing a benchmark for relative valuation. Black Hills Corp Corp (BKH) exhibits a P/S ratio of , which is NaN% above the industry average. Given its robust revenue growth of 7.12%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

Revenue Growth

Market Cap

Performance Decomposition

Market capitalization of BKH increased by 24.57% over the past 1 year. The primary factor behind the change was an increase in P/E Change from 14.51 to 18.25.

The secondary factor is the Revenue Growth, contributed 7.12%to the performance.

Overall, the performance of BKH in the past 1 year is driven by P/E Change. Which is more unsustainable.

7.12%

401.60M → 430.20M

Revenue Growth

-8.37%

6.57 → 6.02

Margin Expansion

25.82%

14.51 → 18.25

P/E Change

24.57%

57.86 → 72.07

Mkt Cap Growth

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Frequently Asked Questions

Is Black Hills Corp (BKH) currently overvalued or undervalued?

What is Black Hills Corp (BKH) fair value?

BKH's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average , adjusted by weights. The fair price of Black Hills Corp (BKH) is between 67.97 to 82.21 according to relative valuation methord.

How does BKH's valuation metrics compare to the industry average?

What is the current P/B ratio for Black Hills Corp (BKH) as of Dec 16 2025?

As of Dec 16 2025, Black Hills Corp (BKH) has a P/B ratio of 1.45. This indicates that the market values BKH at 1.45 times its book value.

What is the current FCF Yield for Black Hills Corp (BKH) as of Dec 16 2025?

As of Dec 16 2025, Black Hills Corp (BKH) has a FCF Yield of -1.92%. This means that for every dollar of Black Hills Corp’s market capitalization, the company generates -1.92 cents in free cash flow.

What is the current Forward P/E ratio for Black Hills Corp (BKH) as of Dec 16 2025?

As of Dec 16 2025, Black Hills Corp (BKH) has a Forward P/E ratio of 16.03. This means the market is willing to pay $16.03 for every dollar of Black Hills Corp’s expected earnings over the next 12 months.

What is the current Forward P/S ratio for Black Hills Corp (BKH) as of Dec 16 2025?

As of Dec 16 2025, Black Hills Corp (BKH) has a Forward P/S ratio of 2.14. This means the market is valuing BKH at $2.14 for every dollar of expected revenue over the next 12 months.

BKH Valuation