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Black Hills Corporation (BKH)

NYSE Mid Cap

Utilities › Electric Services

$72.46
Market Cap: $5.5B
Data as of Sep 30, 2025 (TTM)

Price History

Feb 9, 2026 — Apr 4, 2026

Investment Snapshot

  • Trading 28% above Graham Number — above intrinsic value estimate
  • Piotroski F-Score 4/9 — moderate financial health
  • ROE of 5.5% — below-average profitability
  • Revenue growing at 9% annually

Black Hills Corporation (BKH) is a Utilities company operating in Electric Services, listed on the NYSE , with a market capitalisation of $5.5 billion . Key value metrics: P/E ratio 25.9, P/B ratio 1.43, Piotroski F-Score 4 out of 9 (moderate financial health) .

Value Score

Key Metrics

P/E Ratio
25.91
1.43
EPS
$2.80
Div. Yield
3.7%
PEG Ratio
P/S Ratio
EV/EBITDA
ROE
ROA
Gross Margin
Op. Margin
Net Margin
Debt/Equity
Current Ratio

Current vs 5-Year Average

Based on 5 years of SEC filings
Net Margin
↑ +2.1pp avg —
Gross Margin
↑ +2.1pp avg —
Operating Margin
↑ +2.1pp avg —
Return on Equity
↑ +2.1pp avg —
Debt / Equity
↑ +2.1pp avg —

Revenue & Net Income

EPS & Free Cash Flow Per Share

Financial Statements

Metric FY22 FY23 FY24
Revenue $X.XB $X.XB $X.XB
Gross Profit $X.XB $X.XB $X.XB
Operating Income $X.XB $X.XB $X.XB
Net Income $X.XB $X.XB $X.XB
EBITDA $X.XB $X.XB $X.XB
Total Assets $X.XB $X.XB $X.XB
Total Liabilities $X.XB $X.XB $X.XB
Data sourced from SEC EDGAR and Polygon.io. Methodology. View more Utilities stocks →

Black Hills Corporation — Fundamental Analysis Summary

Black Hills Corporation (BKH) is currently trading 28% above its Graham Number of $56.46, suggesting the market price exceeds Benjamin Graham's intrinsic value estimate. The stock carries an elevated trailing P/E ratio of 25.9x.

On financial health, BKH shows a moderate Piotroski F-Score of 4/9, and modest return on equity of 5.5% (sector average: 6.7%), and elevated leverage with a debt-to-equity ratio of 1.23.

StockPik's composite Value Score for BKH is 55/100 — an above-average value rating. The score is built from ten fundamental signals: P/E, P/B, PEG ratio, P/S ratio, return on equity, gross margin, debt-to-equity, current ratio, dividend yield, and Piotroski F-Score.

BKH shows revenue growing at 9% year-over-year, with earnings growing at 7%.

BKH pays a solid dividend yield of 3.7%.

Top Value Stocks in Utilities

Symbol Price P/E Score
AWX $2.55 3.3 100
SOJF $25.13 5.2 100
SOJE $17.29 3.5 100
SOJC $21.17 4.3 100
SOJD $19.65 4.0 100
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How is the Value Score calculated?
Read our full methodology →
How is the Graham Number calculated?
Benjamin Graham's intrinsic value formula, worked examples, and how to use it →
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