BKH

Black Hills Corporation

Utilities · $5.3B market cap

Verdict

Share price

$70.96

close of Oct 3, 2026

Fair value

$56.85

Sticker Price

Payback Price

$22.74

buy price

Overpriced

BKH is Overpriced: at $70.96 it trades 25% above its fair value of $56.85. Its buy price (Payback Price) is $22.74, 68% below today's price. Business quality is limited: only 1 of 5 key numbers clears the 10% bar.

How we valued it

Dividend Discount Model. A regulated utility with a steady dividend record, so we value it on the dividends it pays.

Business quality

1 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth7.7% a year✗
Equity per share growth4.0% a year✗
Sales growth5.6% a year✗
Free cash flow growth24.9% a year✓
Return on invested capital4.7%✗

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Superinvestors

2 of the investors we track hold BKH. In Q2 2026, 1 added. Who we track

Moves in Q2 2026

Added: First Eagle Investment Management

About Black Hills Corporation

Black Hills Corporation operates as an American utility firm, delivering both electric power and natural gas through its subsidiaries. Its business is organized into two primary divisions: Electric Utilities and Gas Utilities. The Electric Utilities segment is responsible for generating, transmitting, and distributing electricity to approximately 218,000 customers spanning Colorado, Montana, South Dakota, and…

Regulated Gas

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works

BKH stock (Black Hills Corporation): fair value $56.85, Overpriced — PaybackPrice