$61.78
Near FV▼ -13.4% against the close used
Model range $12.38 – $79.60
The lowest and highest of the models that produced a value. This is the spread of the methods, not a price target.
Bear$12.38Fair value$61.78Bull$79.60
FairClose
52-week traded range
52W low $58.3452W high $76.83
The 52-week range is measured from the stored price history, not estimated.
Trading above the consensus fair value
Black Hills Corporation closed at $71.30, 15.4% above the consensus fair value of $61.78 drawn from 9 valuation models.
Financial DNA score 46/100 — Average. P/E of 17.9x against the 20x sector multiple the P/E model uses.
Quantitative summary only — not investment advice.
DCF Valuation
$56.29
-21.1%
Σ[CF×(1+g)^n/(1.10)^n] + TV/(1.10)^10
g=3.1%, r=10%, tg=3%, n=10yr
Graham Number
$68.02
-4.6%
√(22.5 × EPS × BVPS)
EPS=3.98, BVPS=51.67 · outside Graham range (P/E 17.9, P/B 1.4) — asset-light, treat as a rough floor
P/E Fair Value
$79.60
+11.6%
EPS × 20x (sector P/E)
EPS=3.98, Sector P/E=20x
Peter Lynch (PEG)
$12.38
-82.6%
EPS × Growth% (PEG = 1 is fair)
EPS=3.98, g=3.1%
EV/EBITDA
$67.86
-4.8%
(EBITDA × 11.6x − Net Debt) ÷ Shares
EBITDA=821.3M
Dividend Discount (DDM)
$40.44
-43.3%
D1 ÷ (r − g) where D1 = D0×(1+g)
D0=2.7, r=10%, g=3.1%
Book Value (P/B)
$32.09
-55.0%
BVPS × (ROE−g)÷(r−g) [Justified P/B — RIM-based]
BVPS=51.67, ROE=7.4%, g=3.1%, r=10%
Reverse DCF
$71.30
+0.0%
Solve for g: Price = Σ[EPS×(1+g)^n/(1.10)^n] + TV
Implied: 5.7% | Historical: 3.1%
Margin of Safety
$50.98
-28.5%
Avg(DCF, Graham, P/E) × 75% (25% safety buffer)
Avg fair value=67.97, MoS=25%
Computed on September 12, 2026 from the most recent annual report on file and that day's closing price. Where a company has seen its earnings move sharply since its last annual report, this figure will lag the market.
Educational data only. Not a recommendation to buy, sell or hold any security.