(PCG) PG&E - Overview

Sector: Utilities | Industry: Utilities - Regulated Electric | Exchange: NYSE (USA) | Market Cap: 35.522m USD | Total Return: -6.1% in 12m

Electricity, Natural Gas, Energy Transmission, Energy Distribution
Total Rating 37
Safety 54
Buy Signal -0.76
Utilities - Regulated Electric
Industry Rotation: -5.0
Market Cap: 35.5B
Avg Turnover: 348M
Risk 3d forecast
Volatility26.2%
VaR 5th Pctl4.65%
VaR vs Median7.62%
Reward TTM
Sharpe Ratio-0.24
Rel. Str. IBD26
Rel. Str. Peer Group20.7
Character TTM
Beta-0.068
Beta Downside-0.053
Hurst Exponent0.608
Drawdowns 3y
Max DD39.63%
CAGR/Max DD-0.01
CAGR/Mean DD-0.04
EPS (Earnings per Share) EPS (Earnings per Share) of PCG over the last years for every Quarter: "2021-03": 0.23, "2021-06": 0.27, "2021-09": 0.24, "2021-12": 0.22, "2022-03": 0.3, "2022-06": 0.25, "2022-09": 0.29, "2022-12": 0.26, "2023-03": 0.29, "2023-06": 0.23, "2023-09": 0.24, "2023-12": 0.47, "2024-03": 0.37, "2024-06": 0.31, "2024-09": 0.37, "2024-12": 0.31, "2025-03": 0.33, "2025-06": 0.31, "2025-09": 0.5, "2025-12": 0.36, "2026-03": 0.43,
EPS CAGR: 15.56%
EPS Trend: 65.4%
Last SUE: 0.76
Qual. Beats: 0
Revenue Revenue of PCG over the last years for every Quarter: 2021-03: 4716, 2021-06: 5215, 2021-09: 5465, 2021-12: 5246, 2022-03: 5798, 2022-06: 5118, 2022-09: 5394, 2022-12: 5370, 2023-03: 6209, 2023-06: 5290, 2023-09: 5888, 2023-12: 7041, 2024-03: 5861, 2024-06: 5986, 2024-09: 5941, 2024-12: 6631, 2025-03: 5983, 2025-06: 5898, 2025-09: 6250, 2025-12: 6804, 2026-03: 6881,
Rev. CAGR: 8.21%
Rev. Trend: 70.2%
Last SUE: 1.85
Qual. Beats: 1

Warnings

High Debt/EBITDA (5.8) with thin interest coverage (1.9)

High Debt while negative Cash Flow

Altman Z'' 0.71 < 1.0 - financial distress zone

Tailwinds

Garp

Description: PCG PG&E

PG&E Corporation (PCG) operates as a major regulated utility holding company providing natural gas and electric services to millions of customers across northern and central California. The company maintains a diverse power generation portfolio that includes nuclear, hydroelectric, and renewable sources, supported by an extensive network of transmission and distribution infrastructure. As a regulated utility, its revenue model is primarily driven by state-approved rate cases, which allow for cost recovery and a return on invested capital in exchange for maintaining essential public infrastructure.

The utility sector is characterized by high capital intensity and significant regulatory oversight, often resulting in geographic monopolies within service territories. PG&E’s operations are subject to the California Public Utilities Commission (CPUC), which oversees safety standards and rate structures for its residential, industrial, and agricultural client base. For a deeper look into these regulatory impacts and valuation metrics, consider reviewing the detailed analysis on ValueRay.

Headquartered in Oakland, California, the corporation manages both backbone and local transmission pipelines alongside its electric grid assets. This dual-commodity business model allows the company to serve as a primary energy provider for one of the largest regional economies in the United States.

Headlines to Watch Out For
  • Wildfire liability settlements and safety certification impact long-term equity valuation
  • California Public Utilities Commission rate case approvals dictate future revenue growth
  • Capital expenditure on grid hardening influences regulated asset base expansion
  • State regulatory environment and legislative mandates drive operational cost structures
  • High interest rates increase financing costs for massive infrastructure debt load
Piotroski VR‑10 (Strict) 3.0
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 (61.45b) to EBITDA (10.54b): 5.83 < 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 0.19%; Δ 4.57k% > 0.5%)
Asset Turnover: 18.63% > 50% (prev 18.12%; Δ 0.51% > 0%)
Interest Coverage Ratio: 1.91 > 6 (EBITDA TTM 10.54b / Interest Expense TTM 3.10b)
Altman Z'' 0.71
A: 0.02 (Total Current Assets 14.80b - Total Current Liabilities 12.35b) / Total Assets 141.95b
B: 0.00 (Retained Earnings 97.0m / Total Assets 141.95b)
C: 0.04 (EBIT TTM 5.92b / Avg Total Assets 138.70b)
D: 0.29 (Book Value of Equity 31.67b / Total Liabilities 108.45b)
Altman-Z'' Score: 0.71 = B
Beneish M -3.71
DSRI: 0.86 (Receivables 10.20b/11.27b, Revenue 25.83b/24.54b)
GMI: 0.41 (GM 45.93% / 18.66%)
AQI: 0.96 (AQ_t 0.20 / AQ_t-1 0.21)
SGI: 1.05 (Revenue 25.83b / 24.54b)
TATA: -0.04 (NI 2.95b - CFO 8.30b) / TA 141.95b)
Beneish M-Score: -3.71 (Cap -4..+1) = AAA
What is the price of PCG shares? As of May 17, 2026, the stock is trading at USD 16.13 with a total of 16,521,917 shares traded.
Over the past week, the price has changed by +0.37%, over one month by -7.25%, over three months by -10.23% and over the past year by -6.10%.
Is PCG a buy, sell or hold? 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
What are the forecasts/targets for the PCG price?
Analysts Target Price 22.7 40.9%
PG&E (PCG) - Fundamental Data Overview as of 17 May 2026
P/E Trailing = 12.5039
P/E Forward = 9.7656
P/S = 1.3751
P/B = 1.1174
P/EG = 0.6978
Revenue TTM = 25.83b USD
EBIT TTM = 5.92b USD
EBITDA TTM = 10.54b USD
Long Term Debt = 60.15b USD (from longTermDebt, last quarter)
Short Term Debt = 2.39b USD (from shortTermDebt, last quarter)
Debt = 62.94b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 61.45b USD (from netDebt column, last quarter)
Enterprise Value = 96.97b USD (35.52b + Debt 62.94b - CCE 1.49b)
Interest Coverage Ratio = 1.91 (Ebit TTM 5.92b / Interest Expense TTM 3.10b)
EV/FCF = -23.03x (Enterprise Value 96.97b / FCF TTM -4.21b)
FCF Yield = -4.34% (FCF TTM -4.21b / Enterprise Value 96.97b)
FCF Margin = -16.30% (FCF TTM -4.21b / Revenue TTM 25.83b)
Net Margin = 11.43% (Net Income TTM 2.95b / Revenue TTM 25.83b)
Gross Margin = 45.93% ((Revenue TTM 25.83b - Cost of Revenue TTM 13.97b) / Revenue TTM)
Gross Margin QoQ = 85.02% (prev 17.99%)
Tobins Q-Ratio = 0.68 (Enterprise Value 96.97b / Total Assets 141.95b)
Interest Expense / Debt = 1.28% (Interest Expense 803.0m / Debt 62.94b)
Taxrate = 2.21% (20.0m / 905.0m)
NOPAT = 5.79b (EBIT 5.92b * (1 - 2.21%))
Current Ratio = 1.20 (Total Current Assets 14.80b / Total Current Liabilities 12.35b)
Debt / Equity = 1.89 (Debt 62.94b / totalStockholderEquity, last quarter 33.25b)
Debt / EBITDA = 5.83 (Net Debt 61.45b / EBITDA 10.54b)
 Debt / FCF = -14.60 (negative FCF - burning cash) (Net Debt 61.45b / FCF TTM -4.21b)
 Total Stockholder Equity = 32.24b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.13% (Net Income 2.95b / Total Assets 141.95b)
RoE = 9.16% (Net Income TTM 2.95b / Total Stockholder Equity 32.24b)
RoCE = 6.41% (EBIT 5.92b / Capital Employed (Equity 32.24b + L.T.Debt 60.15b))
RoIC = 6.35% (NOPAT 5.79b / Invested Capital 91.11b)
WACC = 2.87% (E(35.52b)/V(98.46b) * Re(5.74%) + D(62.94b)/V(98.46b) * Rd(1.28%) * (1-Tc(0.02)))
Discount Rate = 5.74% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.92%
Shares (quarterly) Correlation: 89.89 | Cagr: 2.92%
 [DCF] Fair Price = unknown (Cash Flow -4.21b)
 EPS Correlation: 65.36 | EPS CAGR: 15.56% | SUE: 0.76 | # QB: 0
Revenue Correlation: 70.20 | Revenue CAGR: 8.21% | SUE: 1.85 | # QB: 1
EPS current Quarter (2026-06-30): EPS=0.36 | Chg30d=-3.75% | Revisions=-9% | Analysts=10
EPS next Quarter (2026-09-30): EPS=0.45 | Chg30d=-7.10% | Revisions=-9% | Analysts=10
EPS current Year (2026-12-31): EPS=1.65 | Chg30d=+0.04% | Revisions=+11% | GrowthEPS=+9.8% | GrowthRev=+6.0%
EPS next Year (2027-12-31): EPS=1.80 | Chg30d=-0.08% | Revisions=-11% | GrowthEPS=+9.4% | GrowthRev=+3.4%
[Analyst] Revisions Ratio: +11%