What is Black Hills's price / book?

Black Hills (BKH) reported price / book of 1.3× in Q1 2026.

How has Black Hills's price / book changed year-over-year?

Black Hills's price / book increased by 11.3% year-over-year, from 1.2× to 1.3×.

What is the long-term trend for Black Hills's price / book?

Over 5 years (2020 to 2025), Black Hills's price / book has grown at a -2.2% compound annual growth rate (CAGR), from 1.5× to 1.4×.

What does price / book mean?

Market capitalization at the quarter end divided by shareholders' equity. The premium (or discount) the market assigns to the company's book equity.

Black Hills BKH Price / book

Price / book at other companies

Xcel EnergyXEL

2.1×0.0×

EVR

EvergyEVRG

1.9×+0.3×

CMS

CMS EnergyCMS

2.5×-0.2×

PG&EPCG

1.2×-0.1×

Duke EnergyDUK

1.8×+0.2×

ExelonEXC

1.7×0.0×

Other financials

Income statement

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Revenue$780.7M-3.0%

Operating income$201.9M-1.5%

Net income$131.0M-2.5%

EPS (diluted)$1.73-7.5%

Balance sheet

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Cash & equivalents$23.6M+258%

Total debt$4.2B+5.8%

Total equity$3.9B+8.5%

Total assets$10.8B+7.5%

Cash flow

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Operating cash flow$176.2M-22.7%

CapEx$267.4M+74.9%

Free cash flow-$91.2M-222%

Valuation

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Market cap$5.54B+20.7%

Enterprise value$9.76B+13.4%

P/E19.2×+2.8×

P/S2.4×+0.3×

Profitability

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Operating margin23.4%+0.1pp

Net margin12.6%-0.1pp

FCF margin-13.7%-14.0pp

Returns & leverage

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Return on equity7.6%-0.4pp

Debt / equity1.1×0.0×

Current ratio0.6×-0.1×

Where this comes from

Calculated from Black Hills’s reported figures.

market cap/total stockholders equity=1.3×

Based on the most recent quarter.

The official record: Black Hills’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Black Hills's price / book?: Black Hills (BKH) reported price / book of 1.3× in Q1 2026.
How has Black Hills's price / book changed year-over-year?: Black Hills's price / book increased by 11.3% year-over-year, from 1.2× to 1.3×.
What is the long-term trend for Black Hills's price / book?: Over 5 years (2020 to 2025), Black Hills's price / book has grown at a -2.2% compound annual growth rate (CAGR), from 1.5× to 1.4×.
What does price / book mean?: Market capitalization at the quarter end divided by shareholders' equity. The premium (or discount) the market assigns to the company's book equity.