Black Hills Corporation Ratios | P/E, ROE & Valuation

On the Key Ratios page for Black Hills Corporation (BKH), the latest P/E of 19.3 frames valuation, while ROE 7.73% and ROIC 4.73% indicates profitability and capital efficiency. Together with the current ratio of 0.52 and debt-to-equity 1.14, these signals help you judge whether valuation is supported by fundamentals across the historical rows.

Financial Performance Ratios

BKH Historical Per Share Metrics

10 years
Metric (FY)TTM202420232022202120202019201820172016
Revenue per Share$30.29$30.48$34.80$39.34$30.83$27.20$28.60$32.25$31.58$29.65
Net Income per Share$3.94$3.91$3.91$3.98$3.74$3.65$3.29$4.75$3.33$1.41
Operating Cash Flow per Share$8.28$10.31$14.10$9.02$-1.02$8.69$8.33$8.99$8.05$6.17
Free Cash Flow per Share$-4.02$-0.36$5.80$-0.30$-11.74$-3.62$-5.16$0.58$1.92$-2.97
Cash per Share$0.94$0.23$1.29$0.33$0.14$0.10$0.16$0.38$0.29$0.26
Book Value per Share$53.01$51.36$49.34$47.64$45.67$42.69$40.62$42.05$34.21$33.34
Tangible Book Value per Share$35.82$32.64$29.82$27.46$24.94$21.66$18.98$17.90$9.65$8.14
Interest Debt per Share$61.96$65.60$68.38$74.48$74.36$62.77$59.92$60.36$65.12$66.47
CAPEX per Share$12.30$10.66$8.29$9.32$10.72$12.30$13.49$8.41$6.13$9.15

BKH Historical Valuation Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Price to Earnings (P/E)19.2514.9613.7917.6618.8516.8423.913.2118.0643.63
Price to Book (P/B)1.471.171.121.521.61.52.021.571.871.97
Price to Sales (P/S)2.541.921.551.792.292.262.751.951.92.07
Enterprise Value to EBITDA12.0710.7610.7412.9813.8811.7813.9511.0110.712.53
EV to Sales4.463.973.43.614.624.484.763.733.874.21
EV to Operating Cash Flow16.3411.758.415.75-139.3914.0216.3213.3715.220.23
EV to Free Cash Flow-33.64-339.4620.39-470.69-12.13-33.68-26.37208.9363.66-42.01
Enterprise Value$10.27B$8.45B$7.93B$9.21B$9.00B$7.60B$8.25B$6.54B$6.51B$6.48B

BKH Historical Profitability Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Return on Equity (ROE)7.73%7.80%8.15%8.63%8.49%8.89%8.44%11.85%10.36%4.52%
Return on Invested Capital (ROIC)4.73%4.75%4.79%4.62%4.60%4.94%5.02%6.67%4.95%3.94%
Return on Tangible Assets3.07%3.13%3.15%3.11%3.03%3.36%3.19%4.57%3.31%1.40%
Earnings Yield5.14%6.69%7.25%5.66%5.31%5.94%4.18%7.57%5.54%2.29%
Free Cash Flow Yield-5.22%-0.61%10.76%-0.43%-16.63%-5.88%-6.57%0.92%3.20%-4.85%
Dividend Yield3.63%4.46%4.65%3.43%3.25%3.53%2.62%3.12%3.03%2.75%

BKH Historical Liquidity & Financial Strength

10 years
Metric (FY)TTM202420232022202120202019201820172016
Current Ratio0.520.970.70.640.90.710.580.780.880.88
Interest Coverage2.622.582.632.82.662.962.922.83.022.47
Income Quality2.052.543.62.16-0.262.232.371.752.063.88
Debt to Equity1.141.251.371.561.631.471.481.441.952.05
Debt to Assets40.71%43.74%45.75%48.53%49.79%46.61%46.24%45.12%49.95%50.86%
Net Debt to EBITDA5.25.565.846.5575.845.895.265.446.38

BKH Historical Efficiency Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Receivables Turnover7.55.746.324.855.745.956.376.226.775.93
Payables Turnover4.775.628.235.745.715.395.515.266.336.09
Inventory Turnover8.318.369.548.588.248.419.19.448.998.63
Days Sales Outstanding48.6463.6457.7475.2163.6161.3957.2858.753.9461.5
Days Payables Outstanding76.5464.9644.3363.6163.9167.7566.2169.4257.6959.98
Days of Inventory on Hand43.9143.6438.2642.5644.3143.3840.0938.6640.6242.27

BKH Historical Market Metrics

10 years
Metric (FY)TTM202420232022202120202019201820172016
Enterprise Value to EBITDA12.0710.7610.7412.9813.8811.7813.9511.0110.712.53
Market Cap$5.84B$4.08B$3.61B$4.56B$4.46B$3.83B$4.76B$3.42B$3.20B$3.18B
Enterprise Value$10.27B$8.45B$7.93B$9.21B$9.00B$7.60B$8.25B$6.54B$6.51B$6.48B
Dividend Yield3.63%4.46%4.65%3.43%3.25%3.53%2.62%3.12%3.03%2.75%
Payout Ratio69.20%66.75%64.11%60.64%61.26%59.51%62.54%41.24%54.65%120.01%

Frequently Asked Questions

How does Black Hills Corporation’s P/E ratio compare with its history?

On this page, BKH's current P/E is 19.3, compared with a multi-year average around 20.0. When the current P/E sits near its historical average, the multiple is close to that range. Look at trend direction in profitability and cash-flow rows, plus liquidity and leverage, rather than treating the P/E in isolation.

What is Black Hills Corporation market cap?

Market cap is the market value of a company's equity and is commonly calculated as share price multiplied by shares outstanding. The latest market cap shown in the table is $5.84B. Pair market cap with valuation multiples (P/E, P/B, P/S) so you can evaluate whether size also corresponds with "quality" and profitability. For a wider view across stocks, you can also use the stock screener.

How does Black Hills Corporation’s P/E compare with its industry?

There is no P/E Tickerplace rates as good. Compare the P/E on this page with Black Hills Corporation's own historical range (in the table) and with peers via the Screener and Compare tools. A higher or lower multiple versus peers is a calculated gap, not a recommendation.

How does Black Hills Corporation compare to its competitors in key financial ratios?

The fastest way to compare Black Hills Corporation with competitors is to use the built-in "Peers Comparison" section on this page and the Compare tool. Focus on a small set of ratios that work together: P/E for valuation, ROE/ROIC for profitability and capital efficiency, current ratio and interest coverage for liquidity and solvency, and debt-to-equity for leverage risk. When you see Black Hills Corporation outperform peers on profitability while keeping valuation and leverage reasonable, it often signals stronger fundamentals.

What do Black Hills Corporation's liquidity and leverage ratios show?

Liquidity and leverage figures on this page are published ratios, not a verdict that Black Hills Corporation is financially strong. Current ratio is about 0.52, which is below 1.0 and can suggest tighter short-term liquidity. Interest coverage is about 2.62, implying a stronger ability to cover interest expenses. Debt-to-equity is about 1.14, suggesting leverage is more moderate relative to a high-debt profile. Pair them with ROE/ROIC and cash-flow rows in the table. Tickerplace does not rate the company as a good or poor investment.

What do Black Hills Corporation's financial ratios say about its future growth?

Ratios are a way to see what the business is likely to sustain. Look for upward trends in profitability metrics (ROE and ROIC), improving earnings/cash-flow backed measures, and stable or strengthening liquidity. If Black Hills Corporation is sustaining strong returns (for example ROE at 7.73% and ROIC at 4.73%) while debt levels and interest coverage remain manageable, growth expectations may be more credible. If valuation multiples expand while returns weaken, the market may be pricing optimistic growth ahead of results.