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Black Hills (BKH, Electric & gas utilities) Stock Valuation & Fair Value

Weak on forward returns

Black Hills (BKH, Electric & gas utilities) trades at a current P/E of 19.7, about 16% above its historical normal valuation, with a forward growth estimate of 8.7% and a PEG of 2.26. Analysts' one-year estimates have been hit 100% of the time. Priced at its historical normal P/E of 17.0 on the same blended earnings, the 2026-11-06 close of $84.87 corresponds to about $73.30 a share. This is a valuation reference, not a price target.

How to read these numbers: the PEG ratio and current P/E versus normal P/E.

Current P/E
19.7
Normal P/E
17.0
PEG
2.26
Fwd growth
8.7%
Div yield
3.3%
RSI (14)
79.2
Overbought
Technical context
  • Price $84.87 at the Nov 6 close, 6.2% above the 20-day average ($79.92) and 13.1% above the 50-day ($75.06).
  • RSI (14) at 79.2.
  • 52-week range $65.60 to $84.87: the price is at the high and 29.4% above the low.

The Street vs SeerForecast

Wall Street's mean price target for BKH is $87.07 across 7 analysts, 2.6% above the current price. The average analyst rating is Strong Buy. Our SeerForecast read of the same stock, formed without analyst targets: weak on forward returns. When the two disagree, start your digging there.

Valuation flags

Verdict history

tickerseer's rating has been mixed on our tests since 2026-07-31.

Current P/E and rating by weekCurrent P/E moved from 17.0 to 19.1 between 2026-07-31 and 2026-10-30, against a normal P/E of 17.0, with 0 rating changes over 14 recorded weeks.2026-07-31: P/E 17.0, Mixed on our tests, recalculated for the week of 2026-07-312026-07-31: P/E 16.8, Mixed on our tests, recorded live 2026-08-032026-08-07: P/E 16.8, Mixed on our tests, recalculated for the week of 2026-08-072026-08-07: P/E 17.6, Mixed on our tests, recorded live 2026-08-102026-08-14: P/E 17.6, Mixed on our tests, recalculated for the week of 2026-08-142026-08-14: P/E 17.0, Mixed on our tests, recorded live 2026-08-172026-08-21: P/E 17.0, Mixed on our tests, recalculated for the week of 2026-08-212026-08-21: P/E 16.9, Mixed on our tests, recorded live 2026-08-242026-08-27: P/E 16.9, Mixed on our tests, recalculated for the week of 2026-08-272026-08-28: P/E 16.9, Mixed on our tests, recalculated for the week of 2026-08-282026-08-28: P/E 16.9, Mixed on our tests, recalculated for the week of 2026-08-302026-08-28: P/E 17.1, Mixed on our tests, recorded live 2026-08-312026-09-04: P/E 17.1, Mixed on our tests, recalculated for the week of 2026-09-052026-09-04: P/E 17.2, Mixed on our tests, recorded live 2026-09-072026-09-11: P/E 17.2, Mixed on our tests, recalculated for the week of 2026-09-122026-09-11: P/E 16.7, Mixed on our tests, recorded live 2026-09-142026-09-18: P/E 16.7, Mixed on our tests, recalculated for the week of 2026-09-192026-09-18: P/E 16.5, Mixed on our tests, recorded live 2026-09-212026-09-25: P/E 16.5, Mixed on our tests, recalculated for the week of 2026-09-262026-09-25: P/E 16.5, Mixed on our tests, recorded live 2026-09-282026-10-02: P/E 16.5, Mixed on our tests, recalculated for the week of 2026-10-032026-10-02: P/E 16.6, Mixed on our tests, recorded live 2026-10-052026-10-09: P/E 16.6, Mixed on our tests, recalculated for the week of 2026-10-102026-10-09: P/E 17.8, Mixed on our tests, recorded live 2026-10-122026-10-16: P/E 17.8, Mixed on our tests, recalculated for the week of 2026-10-172026-10-16: P/E 17.9, Mixed on our tests, recorded live 2026-10-192026-10-23: P/E 18.5, Mixed on our tests, recorded live 2026-10-262026-10-30: P/E 18.5, Mixed on our tests, recalculated for the week of 2026-10-312026-10-30: P/E 19.1, Mixed on our tests, recorded live 2026-11-0217.018.019.0Jul 31Aug 23Sep 15Oct 7Oct 30Normal P/E 17.0
Mixed on our tests

Not every point was recorded live. Points marked recalculated are worked out from the metrics tickerseer archived that week.

Selected weeks: the first, the latest, and the cheapest and dearest.

WeekCurrent P/EPremium to normal P/ERating
2026-07-31P/E 17.0not availableMixed on our tests (recalculated)
2026-09-28P/E 16.5-3%Mixed on our tests
2026-11-02P/E 19.1+12%Mixed on our tests ← now
Show all 29 readings
WeekCurrent P/EPremium to normal P/ERating
2026-07-31P/E 17.0not availableMixed on our tests (recalculated)
2026-08-03P/E 16.8-1%Mixed on our tests
2026-08-07P/E 16.8-1%Mixed on our tests (recalculated)
2026-08-10P/E 17.6+3%Mixed on our tests
2026-08-14P/E 17.6+3%Mixed on our tests (recalculated)
2026-08-17P/E 17.0not availableMixed on our tests
2026-08-21P/E 17.0not availableMixed on our tests (recalculated)
2026-08-24P/E 16.9-1%Mixed on our tests
2026-08-27P/E 16.9-1%Mixed on our tests (recalculated)
2026-08-28P/E 16.9-1%Mixed on our tests (recalculated)
2026-08-30P/E 16.9-1%Mixed on our tests (recalculated)
2026-08-31P/E 17.1+0%Mixed on our tests
2026-09-05P/E 17.1+0%Mixed on our tests (recalculated)
2026-09-07P/E 17.2+1%Mixed on our tests
2026-09-12P/E 17.2+1%Mixed on our tests (recalculated)
2026-09-14P/E 16.7-2%Mixed on our tests
2026-09-19P/E 16.7-2%Mixed on our tests (recalculated)
2026-09-21P/E 16.5-3%Mixed on our tests
2026-09-26P/E 16.5-3%Mixed on our tests (recalculated)
2026-09-28P/E 16.5-3%Mixed on our tests
2026-10-03P/E 16.5-3%Mixed on our tests (recalculated)
2026-10-05P/E 16.6-3%Mixed on our tests
2026-10-10P/E 16.6-3%Mixed on our tests (recalculated)
2026-10-12P/E 17.8+4%Mixed on our tests
2026-10-17P/E 17.8+4%Mixed on our tests (recalculated)
2026-10-19P/E 17.9+5%Mixed on our tests
2026-10-26P/E 18.5+8%Mixed on our tests
2026-10-31P/E 18.5+8%Mixed on our tests (recalculated)
2026-11-02P/E 19.1+12%Mixed on our tests ← now

Frequently asked questions

Is Black Hills stock overvalued?

At a current P/E of 19.7 versus its historical normal P/E of 17.0, Black Hills trades about 16% above its typical valuation, with a PEG of 2.26 on 8.7% forward growth. tickerseer currently rates it weak on forward returns.

What is Black Hills's fair value and PEG?

Black Hills trades at a current P/E of 19.7 against a historical normal P/E of 17.0, a PEG of 2.26, and a forward growth estimate of 8.7%. Priced at its historical normal P/E of 17.0 on the same blended earnings, the 2026-11-06 close of $84.87 corresponds to about $73.30 a share. This is a valuation reference, not a price target.

Has tickerseer's rating of Black Hills changed?

tickerseer's rating has been mixed on our tests since 2026-07-31.

What is the analyst price target for Black Hills?

The mean Wall Street price target for Black Hills is $87.07 across 7 analysts, 2.6% above the current price. tickerseer's SeerForecast verdict is formed independently of analyst targets.

Industry: Electric & gas utilities. Create a free account to see the full analysis: the SeerAI score, its five quality sub-scores, valuation history, and an AI research note where we have one. Options setups and metric history are part of the paid plans.

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