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Black Hills Corporation BKH NYSE

NYSE • Utilities • Diversified Utilities • US • USD

SharesGrow Score
51/100
1/7 Pass
SharesGrow Intrinsic Value
$91.03
+18.8%
Analyst Price Target
$82.50
+7.7%
SharesGrow 7-Criteria Score All 7 criteria scored · valuation-related highlighted on this page

Black Hills Corporation (BKH) trades at a trailing P/E of 19.2, forward P/E of 17.6. Trailing earnings yield is 5.22%, forward earnings yield 5.69%. PEG 10.64. Graham Number is $67.32.

Criteria proven by this page:

  • VALUE (36/100, Fail) — PEG > 2.0 means the stock is expensive even after accounting for growth (PEG 10.64).
  • Forward P/E 17.6 (down from trailing 19.2) — analysts expect earnings to grow, which would improve the valuation.
  • PEG Ratio 10.64 — above 2.0 suggests expensive relative to earnings growth.
  • Trailing Earnings Yield 5.22% — exceeds typical bond yields (~4.3%), making equity attractive vs fixed income. Forward yield improves to 5.69% as earnings recover.
  • Analyst consensus target $82.50 (+7.7% upside) — modest upside expected.

Overall SharesGrow Score: 51/100 with 1/7 criteria passed.

SharesGrow 7-Criteria Score
51/100
SG Score
View full scorecard →
VALUE
36/100
Price-to-Earnings & upside
Proven by this page
~
FUTURE
40/100
Analyst consensus
→ Forecast
PAST
100/100
→ Income
HEALTH
33/100
Debt-to-Equity & liquidity
→ Health
~
MOAT
60/100
→ Income
GROWTH
30/100
→ Income
~
INCOME
55/100
→ Income

Valuation Snapshot — BKH

Valuation Multiples
P/E (TTM)19.2
Forward P/E17.6
PEG Ratio10.64
Forward PEG1.83
P/B Ratio1.46
P/S Ratio2.43
EV/EBITDA12.2
Per Share Data
EPS (TTM)$3.88
Forward EPS (Est.)$4.36
Book Value / Share$51.94
Revenue / Share$30.72
FCF / Share$-1.95
Yields & Fair Value
Earnings Yield5.22%
Forward Earnings Yield5.69%
Dividend Yield3.68%
Graham Number$67.32
SharesGrow IV$91.03 (+18.8%)
Analyst Target$82.50 (+7.7%)

Historical Valuation

Year P/E (TTM) PEG Ratio P/B Ratio P/S Ratio Dividend Yield
2016 43.6 -0.15 1.97 2.07 2.75%
2017 18.1 0.12 1.87 1.90 3.03%
2018 13.2 0.35 1.57 1.95 3.12%
2019 23.9 -0.78 2.02 2.75 2.62%
2020 16.8 1.54 1.50 2.26 3.53%
2021 18.8 7.64 1.60 2.29 3.25%
2022 17.7 2.75 1.52 1.79 3.43%
2023 13.8 -7.84 1.12 1.55 4.65%
2024 15.0 0.00 1.17 1.92 4.46%
2025 17.4 8.49 1.33 2.19 3.91%

EPS: Actual vs Estimates

P/E Ratio & Earnings Yield

Earnings Per Share (EPS) History

Year EPS (Diluted) Revenue Net Income Net Margin
2016 $1.37 $1.54B $72.97M 4.7%
2017 $3.34 $1.68B $177.03M 10.5%
2018 $4.66 $1.75B $258.44M 14.7%
2019 $3.28 $1.73B $199.31M 11.5%
2020 $3.65 $1.7B $227.61M 13.4%
2021 $3.74 $1.95B $236.7M 12.1%
2022 $3.97 $2.55B $258.4M 10.1%
2023 $3.91 $2.33B $262.2M 11.2%
2024 $3.91 $2.13B $273.1M 12.8%
2025 $3.98 $2.31B $291.6M 12.6%

Analyst Estimates

Year EPS (Avg) EPS Range Revenue (Avg) Revenue Range Analysts
2026 $4.35 $4.24 – $4.42 $2.4B $2.31B – $2.56B 3
2027 $4.61 $4.48 – $4.72 $2.49B $1.99B – $3.32B 3
2028 $4.91 $4.07 – $6.30 $2.42B $2.1B – $2.95B 1
2029 $5.20 $4.31 – $6.67 $2.51B $2.18B – $3.05B 1
2030 $5.51 $4.57 – $7.06 $2.6B $2.26B – $3.16B 1
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