(PCG) PG&E - NYSE
Sector: Utilities | Industry: Utilities - Regulated Electric | Exchange: NYSE (USA) | Market Cap: 36.205m USD | Total Return: 20.5% in 12m
Avg Turnover: 278M
EPS Trend: 82.4%
Qual. Beats: 0
Rev. Trend: 80.9%
Qual. Beats: 1
Warnings
High Debt/EBITDA (5.9) with thin interest coverage (1.9)
High Debt while negative Cash Flow
Altman Z'' 0.72 < 1.0 - financial distress zone
Tailwinds
No distinct edge detected
PG&E Corporation (NYSE: PCG) is the holding company for Pacific Gas and Electric Company, an investor-owned utility that sells and delivers electricity and natural gas to residential, commercial, industrial, and agricultural customers across northern and central California. The company operates a diversified generation fleet that includes nuclear, hydroelectric, fossil fuel-fired, fuel cell, and photovoltaic sources, and owns the regulated transmission and distribution infrastructure - electric lines and substations as well as natural gas pipelines and storage facilities - needed to move that energy to end users. PG&E Corporation was incorporated in 1995 and is headquartered in Oakland, California, and trades as a large-cap common stock on the NYSE with an IPO date of June 1972.
As a vertically integrated electric and gas utility classified in the GICS Electric Utilities sub-industry, PG&E operates as a rate-regulated monopoly franchise over its designated California service territory, with retail rates, capital plans, and reliability standards overseen by state and federal regulators. Unlike competitive power generators, the utility earns revenue primarily through cost-of-service rates set by the California Public Utilities Commission and the FERC, which are designed to recover approved operating expenses, fuel and procurement costs, and a regulated return on rate base invested in generation, transmission, and distribution assets.
- CPUC rate case decision affects wildfire cost recovery
- Undergrounding and grid hardening capex accelerate rate base growth
- Dividend reinstatement and EPS guidance drive investor sentiment
| Net Income: 2.95b TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.03 > 0.02 and ΔFCF/TA -1.68 > 1.0 |
| NWC/Revenue: 9.50% < 20% (prev -3.79%; Δ 13.28% < -1%) |
| CFO/TA 0.06 > 3% & CFO 8.30b > Net Income 2.95b |
| Net Debt (61.9b) to EBITDA (10.5b): 5.87 < 3 |
| Current Ratio: 1.20 > 1.5 & < 3 |
| Outstanding Shares: last quarter (2.28b) vs 12m ago 3.68% < -2% |
| Gross Margin: 45.93% > 18% (prev 18.66%; Δ 27.27% > 0.5%) |
| Asset Turnover: 18.63% > 50% (prev 18.12%; Δ 0.51% > 0%) |
| Interest Coverage Ratio: 1.91 > 6 (EBIT TTM 5.92b / Interest Expense TTM 3.10b) |
| A: 0.02 (Total Current Assets 14.8b - Total Current Liabilities 12.3b) / Total Assets 142b |
| B: 0.00 (Retained Earnings 97.0m / Total Assets 142b) |
| C: 0.04 (EBIT TTM 5.92b / Avg Total Assets 139b) |
| D: 0.31 (Book Value of Equity 33.2b / Total Liabilities 108b) |
| Altman-Z'' = 0.72 = B |
| DSRI: 0.86 (Receivables 10.2b/11.3b, Revenue 25.8b/24.5b) |
| GMI: 0.41 (GM 18.66% / 45.93%) |
| AQI: 0.96 (AQ_t 0.20 / AQ_t-1 0.21) |
| SGI: 1.05 (Revenue 25.8b / 24.5b) |
| TATA: -0.04 (NI 2.95b - CFO 8.30b) / TA 142b) |
| Beneish M = -3.67 (Cap -4..+1) = AAA |
As of June 22, 2026, the stock is trading at USD 16.48 with a total of 34,681,400 shares traded.
Over the past week, the price has changed by -1.85%,
over one month by +0.24%,
over three months by -4.96% and
over the past year by +20.46%.
PG&E has received a consensus analysts rating of 3.89. Therefore, it is recommended to buy PCG.
- StrongBuy: 7
- Buy: 5
- Hold: 6
- Sell: 0
- StrongSell: 1
| Analysts Target Price | 22.6 | 37.1% |
P/E Trailing = 12.7442
P/E Forward = 9.9602
P/S = 1.4015
P/B = 1.1431
P/EG = 0.7117
Revenue TTM = 25.8b USD
EBIT TTM = 5.92b USD
EBITDA TTM = 10.5b USD
Long Term Debt = 60.1b USD (from longTermDebt, last quarter)
Short Term Debt = 2.39b USD (from shortTermDebt, last quarter)
Debt = 63.4b USD (from shortLongTermDebtTotal, last quarter) + Leases 498.0m
Net Debt = 61.9b USD (calculated: Debt 63.4b - CCE 1.49b)
Enterprise Value = 98.2b USD (36.2b + Debt 63.4b - CCE 1.49b)
Interest Coverage Ratio = 1.91 (Ebit TTM 5.92b / Interest Expense TTM 3.10b)
EV/FCF = -23.31x (Enterprise Value 98.2b / FCF TTM -4.21b)
FCF Yield = -4.29% (FCF TTM -4.21b / Enterprise Value 98.2b)
FCF Margin = -16.30% (FCF TTM -4.21b / Revenue TTM 25.8b)
Net Margin = 11.43% (Net Income TTM 2.95b / Revenue TTM 25.8b)
Gross Margin = 45.93% ((Revenue TTM 25.8b - Cost of Revenue TTM 14.0b) / Revenue TTM)
Gross Margin QoQ = 85.02% (prev 17.99%)
Tobins Q-Ratio = 0.69 (Enterprise Value 98.2b / Total Assets 142b)
Interest Expense / Debt = 4.88% (Interest Expense 3.10b / Debt 63.4b)
Taxrate = 2.21% (20.0m / 905.0m)
NOPAT = 5.79b (EBIT 5.92b * (1 - 2.21%))
Current Ratio = 1.20 (Total Current Assets 14.8b / Total Current Liabilities 12.3b)
Debt / Equity = 1.91 (Debt 63.4b / totalStockholderEquity, last quarter 33.2b)
Debt / EBITDA = 5.87 (Net Debt 61.9b / EBITDA 10.5b)
Debt / FCF = -14.71 (negative FCF - burning cash) (Net Debt 61.9b / FCF TTM -4.21b)
Total Stockholder Equity = 32.2b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.13% (Net Income 2.95b / Total Assets 142b)
RoE = 9.16% (Net Income TTM 2.95b / Total Stockholder Equity 32.2b)
RoCE = 6.41% (EBIT 5.92b / Capital Employed (Equity 32.2b + L.T.Debt 60.1b))
RoIC = 4.43% (NOPAT 5.79b / Invested Capital 131b)
WACC = 5.12% (E(36.2b)/V(99.6b) * Re(5.73%) + D(63.4b)/V(99.6b) * Rd(4.88%) * (1-Tc(0.02)))
Discount Rate = 5.73% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 89.89 | Cagr: 3.01%
[DCF] Fair Price = unknown (Cash Flow -4.21b)
EPS Correlation: 82.35 | EPS CAGR: 13.13% | SUE: 0.79 | # QB: 0
Revenue Correlation: 80.95 | Revenue CAGR: 3.68% | SUE: 1.85 | # QB: 1
EPS current Quarter (2026-06-30): EPS=0.36 | Chg30d=-0.17% | Revisions=-9% | Analysts=10
EPS next Quarter (2026-09-30): EPS=0.45 | Chg30d=-0.16% | Revisions=-9% | Analysts=10
EPS current Year (2026-12-31): EPS=1.65 | Chg30d=+0.00% | Revisions=+20% | GrowthEPS=+9.8% | GrowthRev=+6.0%
EPS next Year (2027-12-31): EPS=1.80 | Chg30d=-0.09% | Revisions=-11% | GrowthEPS=+9.4% | GrowthRev=+3.4%
[Analyst] Revisions Ratio: +20%