Is Hawaiian Electric Industries (HE) overvalued or fairly valued?

MarketChacha shows Hawaiian Electric Industries's valuation in context — a trailing P/E of about 20.5, a forward P/E of about 12.0, a price-to-book of about 1.4 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

What is Hawaiian Electric Industries's revenue?

Hawaiian Electric Industries reported revenue of $3.1B for FY2025, with net profit of $126.3M, per official filings.

What is the share price of Hawaiian Electric Industries (HE)?

Hawaiian Electric Industries last traded at $13.55 (+0.5% on the day), as of 7/22/2026 — a delayed quote shown for education, not investment advice.

Hawaiian Electric Industries

HE · NYSE · Utilities · United States

$13.55+0.5%

Delayed · as reported by Yahoo Finance · as of Jul 22, 2026, 7:29 PM

Snapshot

TickerHE

ExchangeNYSE

SectorUtilities

IndustryUtilities - Regulated Electric

CountryUnited States

Employees2,659

HeadquartersHonolulu, United States

Market cap$2.3B

P/E (TTM)20.5

P/B1.4

Volume572.01K

Websitewww.hei.com

Filings tracked6

About Hawaiian Electric Industries

Hawaiian Electric Industries, Inc. together with its subsidiaries, engages in the electric utility business. The company engages in the production, purchase, transmission, distribution, and sale of electricity in the islands of Oahu; Hawaii; and Maui, Lanai, and Molokai; and renewable energy sources and potential sources include wind, solar, photovoltaic, geothermal, wave, hydroelectric, municipal waste, and other biofuels. It also invests in non-regulated renewable energy and sustainable infrastructure in the State of Hawaii. In addition, the company serves suburban communities, resorts, the United States Armed Forces installations, and agricultural operations. Hawaiian Electric Industries, Inc. was founded in 1891 and is headquartered in Honolulu, Hawaii.

Profile as reported by Yahoo Finance.

Who owns it

Insiders0.3%
Institutions85.1%
Public & other14.6%

434 institutional holders

As reported by Yahoo Finance.

Top holders

Blackrock Inc.14.91%
Horizon Kinetics Asset Management LLC12.53%
Vanguard Portfolio Management LLC5.94%
Vanguard Capital Management LLC4.32%
State Street Corporation3.95%
T. Rowe Price Investment Management, Inc.3.60%
Geode Capital Management, LLC2.37%
Quantinno Capital Management, LP2.03%

Largest institutional holders, as reported by Yahoo Finance (as of 3/31/2026).

Forensic scorecard

Margin has compressed by about 2.0 points over the period — profitability is trending down.

Net margin trend6.1% → 4.1%

Margin has compressed by about 2.0 points over the period — profitability is trending down.

Return on equity7.9%

Latest ROE of 7.9% is on the low side — the business earns a modest return on shareholder capital.

Growth qualityrev -3% · PAT -21%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

EPS 0.21

Est. earnings growth +10.5%

Next fiscal year

Rev $3.3B · EPS 1.13

Est. earnings growth +16.0%

Analyst consensus estimates — not the company's own guidance. As reported by Yahoo Finance.

$10.5752-wk range$17.38

Delayed · as reported by Yahoo Finance

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P/E ROE ROCE Margins Market cap

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Market cap

$2.3B

Day change

+0.5%

P/E (TTM)

20.5

Fwd P/E

12.0

P/B

1.4

Beta

0.51

Revenue (FY2025)

$3.1B

Net margin

4.1%

ROE

7.9%

Revenue CAGR (2y)

-3.1%

Profit CAGR (2y)

-20.8%

EPS (FY2025)

0.71

Net profit (FY2025)

$126.3M

Market figures: Delayed · as reported by Yahoo Finance. Financials as reported in company filings.

Ask MarketChacha about HE

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Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$3.1B	$126.3M	0.71	4.1%	7.9%
FY2024	$3.2B	$-1.4B	-11.23	-44.2%	-96.3%
FY2023	$3.3B	$201.1M	1.81	6.1%	8.6%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q1	$746.4M	$30.4M	0.18	4.1%
2025Q3	$790.6M	—	0.18	—
2025Q2	$746.4M	—	0.15	—
2025Q1	$744.1M	$27.1M	0.15	3.6%
2024Q4	$799.2M	—	-0.40	—
2024Q3	$833.2M	$-103.9M	-0.91	-12.5%
2024Q2	$795.4M	$-1.3B	-11.74	-162.8%
2024Q1	$792.0M	$42.6M	0.38	5.4%
2023Q4	$853.4M	—	0.44	—
2023Q3	$800.9M	$41.6M	0.37	5.2%
2023Q2	$798.8M	$55.1M	0.50	6.9%
2023Q1	$834.4M	$55.2M	0.50	6.6%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Shareholder vote results
SEC6/15/2026material
8-K — Results of operations, Exhibits
SEC5/8/2026material
10-Q filing
SEC5/8/2026
8-K — Other events
SEC4/10/2026material
8-K — Executive/director change
SEC4/10/2026material
8-K — Reg FD disclosure, Exhibits
SEC3/27/2026material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed · as reported by yahoo finance) are delayed and shown for reference only. Verify with the linked sources before acting.