Black Hills (BKH) EV to EBITDA (2010 - 2026)
Black Hills' EV to EBITDA came in at 6.64 for Q2 2026, up 30.7% from 5.08 a year earlier and up 4.0% from the prior quarter.
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Analysis
Black Hills (BKH) EV to EBITDA (2010 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Black Hills reported EV to EBITDA of 6.37, up 26.5% year-over-year; for FY2025, it was 6.16, up 13.9% from FY2024.
- Going back by year, EV to EBITDA was 5.41 in FY2024 (+10.1%), 4.91 in FY2023 (-25.1%), 6.55 in FY2022 (-7.2%) and 7.06 in FY2021 (+19.7%).
- The Q2 2026 figure represents the highest quarterly EV to EBITDA since Q2 2022.
- Year-over-year, EV to EBITDA has increased for three consecutive quarters, with growth averaging 19.1% over the last eight quarters.
- The fastest year-over-year change in EV to EBITDA over five years came in Q3 2024 (growth of 48.4%), and the weakest in Q3 2023 (a decline of 38.0%).
- Business Quant data shows BKH's EV to EBITDA at 6.38 (Q1 2026), 6.16 (Q4 2025) and 5.72 (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Enel Chile | 293.96 Bn | 293.96 Bn | 890.00 Mn |
| 2 | National Grid | 78.23 Bn | 59.76 Bn | - |
| 3 | Dominion Energy | 53.03 Bn | 55.71 Bn | - |
| 4 | Xcel Energy | 43.33 Bn | 38.23 Bn | - |
| 5 | Wec Energy | 33.06 Bn | 33.29 Bn | 1.51 Bn |
| 6 | Ameren | 27.51 Bn | 27.60 Bn | - |
| 7 | Fortis | 26.94 Bn | 27.43 Bn | 1.60 Bn |
| 8 | Atmos Energy | 26.53 Bn | 25.30 Bn | 870.85 Mn |
| 9 | American Water Works Company | 25.62 Bn | 25.03 Bn | - |
| 10 | Black Hills | 5.32 Bn | 5.02 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 6.64 |
| Mar 31, 2026 | 6.38 |
| Dec 31, 2025 | 6.16 |
| Sep 30, 2025 | 5.72 |
| Jun 30, 2025 | 5.08 |
| Mar 31, 2025 | 5.57 |
| Dec 31, 2024 | 5.41 |
| Sep 30, 2024 | 5.87 |
| Jun 30, 2024 | 4.16 |
| Mar 31, 2024 | 4.84 |
| Dec 31, 2023 | 4.91 |
| Sep 30, 2023 | 3.95 |
| Jun 30, 2023 | 5.56 |
| Mar 31, 2023 | 5.88 |
| Dec 31, 2022 | 6.55 |
| Sep 30, 2022 | 6.38 |
| Jun 30, 2022 | 6.80 |
| Mar 31, 2022 | 7.28 |
| Dec 31, 2021 | 7.06 |
| Sep 30, 2021 | 6.13 |
API Access
Black Hills EV to EBITDA API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-ebitda&ticker=BKH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebitda", "ticker": "BKH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-ebitda&ticker=BKH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();