Hawaiian Electric Industries, Inc. (HE) is a Utilities stock trading at $11.48 (as of 2026-08-21), with a market capitalization of $1.98B and a trailing P/E of 8.7. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.
Hawaiian Electric Industries, Inc., together with its subsidiaries, engages in the electric utility, banking, and renewable/sustainable infrastructure investment businesses in the state of Hawaii. It operates in three segments: Electric Utility, Bank, and Other. The Electric Utility segment engages in the production, purchase, transmission, distribution, and sale of electricity in the islands of Oahu, Hawaii, Maui, Lanai, and Molokai. Its renewable energy sources and potential sources include wind, solar, photovoltaic, geothermal, wave, hydroelectric, municipal waste, and other biofuels. This segment serves suburban communities, resorts, the United States armed forces installations, and agricultural operations. The Bank segment operates a community bank that offers banking and other financial services to consumers and businesses, including savings and checking accounts; and loans comprising residential and commercial real estate, residential mortgage, construction and development, multifamily residential and commercial real estate, consumer, and commercial loans. This segment operates 42 branches, including 29 branches in Oahu, 6 branches in Maui, 4 branches in Hawaii, 2 branches in Kauai, and 1 branch in Molokai. The Other segment invests in non-regulated renewable energy and sustainable infrastructure in the State of Hawaii. Hawaiian Electric Industries Inc. was incorporated in 1891 and is headquartered in Honolulu, Hawaii.
Hawaiian Electric Industries provides electricity to customers across the Hawaiian islands through its electric utility operations, and it also has a banking segment and an “other” segment that includes renewable and sustainable infrastructure investment in Hawaii.
The core profit engine is delivering and selling electricity across the islands (generation, purchase, transmission, distribution, and sale), with additional contribution from its banking business and renewable and sustainable infrastructure investment activity.
Business quality (Weak): The provided facts clearly describe the business and include several operating KPIs, but they do not provide a usable segment revenue breakdown for Electric Utility, Bank, and Other, so segment-level conclusions are limited.
Valuation: At 18× earnings, HE trades 20% below the Utilities average (22×). Note: one-time items can distort reported P/E.
| Price | $11.48 |
| Market Cap | $1.98B |
| P/E Ratio | 8.7 |
| EV / EBITDA | 5.9 |
| Price / Book | 1.12 |
| Price / Sales | 0.60 |
| FCF Yield | -28.5% |
| DCF Value (model) | $13.87 |
| DCF Upside vs Price | 20.8% |
| Revenue (TTM) | $3.09B |
| Net Margin | 4.1% |
| Revenue Growth (YoY) | 25.9% |
| EPS Growth (YoY) | 373.3% |
| FCF Growth (YoY) | -1019.7% |
| Altman Z-Score | 0.55 (distress) |
| Stock P/E | 8.7 |
| Sector P/E (Utilities) | 20.8 |
| Industry P/E (Utilities) | 20.1 |
| vs Sector | -58.1% |
| vs Industry | -56.5% |
| Top Institutional Holder | BlackRock, Inc. ($382.09M) |
| Institutional Holders Tracked | 10 |
| Congressional Trades (recent) | 2 |
| Sector | Utilities |
| Industry | Utilities |
| CEO | Scott W. H. Seu |
| Employees | 2,587 |
| Country | US |
| IPO Date | 1964-07-18 |
Data as of 2026-08-21.
Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.