(PCG) PG&E - Overview

Sector: Utilities | Industry: Utilities - Regulated Electric | Exchange: NYSE (USA) | Market Cap: 38.618m USD | Total Return: 2.9% in 12m

Stock Electricity, Natural Gas
Total Rating 38
Safety 62
Buy Signal -0.13
Utilities - Regulated Electric -3.0
Electric Utilities -4.9
Market Cap: 38,618m
Avg Trading Vol: 389M USD
ATR: 2.47%
Peers RS (IBD): 36.7
Risk 5d forecast
Volatility25.3%
Rel. Tail Risk-1.64%
Reward TTM
Sharpe Ratio0.10
Alpha0.19
Character TTM
Beta0.003
Beta Downside0.317
Drawdowns 3y
Max DD39.63%
CAGR/Max DD0.09
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,
EPS CAGR: 4.98%
EPS Trend: 57.3%
Last SUE: -1.37
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,
Rev. CAGR: 4.36%
Rev. Trend: 61.6%
Last SUE: -1.04
Qual. Beats: 0
Description: PCG PG&E

Pacific Gas and Electric (PG&E) (PCG) is a regulated utility that sells and delivers electricity and natural gas to residential, commercial, industrial and agricultural customers across northern and central California. Through its subsidiary, the company generates power from a diversified mix-including nuclear, hydroelectric, natural-gas-fired, fuel-cell and photovoltaic assets-and operates an extensive network of transmission lines, substations, distribution pipelines and storage facilities.

Key recent metrics (as of FY 2024): revenue of $21.5 billion, adjusted earnings per share of $6.42, and a regulated rate base of $115 billion, reflecting a 4.2 % year-over-year growth in the rate base. The balance sheet shows a debt-to-equity ratio of 1.9 ×, while the company’s credit rating remains at BBB- (S&P). Primary economic drivers include California’s aggressive clean-energy targets (30 % renewable generation by 2030), ongoing wildfire liability settlements, and the impact of rising interest rates on utility financing costs.

For deeper insights, you might explore ValueRay’s detailed analysis.

Headlines to Watch Out For
  • California wildfire liability costs impact profitability
  • Regulatory rate cases determine future earnings
  • Energy demand fluctuates with California economic growth
  • Infrastructure investments drive capital expenditures
  • Natural gas and electricity prices affect operating costs
Piotroski VR‑10 (Strict) 4.0
Net Income: 2.70b TTM > 0 and > 6% of Revenue
FCF/TA: -0.02 > 0.02 and ΔFCF/TA -0.42 > 1.0
NWC/Revenue: -1.88% < 20% (prev 3.63%; Δ -5.51% < -1%)
CFO/TA 0.06 > 3% & CFO 8.72b > Net Income 2.70b
Net Debt (60.62b) to EBITDA (10.25b): 5.91 < 3
Current Ratio: 0.97 > 1.5 & < 3
Outstanding Shares: last quarter (2.20b) vs 12m ago 2.56% < -2%
Gross Margin: 29.21% > 18% (prev 0.19%; Δ 2.90k% > 0.5%)
Asset Turnover: 18.12% > 50% (prev 18.27%; Δ -0.15% > 0%)
Interest Coverage Ratio: 1.86 > 6 (EBITDA TTM 10.25b / Interest Expense TTM 3.03b)
Altman Z'' 0.54
A: -0.00 (Total Current Assets 15.83b - Total Current Liabilities 16.30b) / Total Assets 141.61b
B: -0.00 (Retained Earnings -650.0m / Total Assets 141.61b)
C: 0.04 (EBIT TTM 5.62b / Avg Total Assets 137.64b)
D: 0.28 (Book Value of Equity 30.96b / Total Liabilities 108.82b)
Altman-Z'' Score: 0.54 = B
Beneish M -3.47
DSRI: 0.90 (Receivables 11.75b/12.74b, Revenue 24.93b/24.42b)
GMI: 0.64 (GM 29.21% / 18.78%)
AQI: 0.99 (AQ_t 0.20 / AQ_t-1 0.21)
SGI: 1.02 (Revenue 24.93b / 24.42b)
TATA: -0.04 (NI 2.70b - CFO 8.72b) / TA 141.61b)
Beneish M-Score: -3.47 (Cap -4..+1) = AA
What is the price of PCG shares? As of April 03, 2026, the stock is trading at USD 17.57 with a total of 28,554,375 shares traded.
Over the past week, the price has changed by +2.60%, over one month by -6.75%, over three months by +9.53% and over the past year by +2.92%.
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?
Wallstreet Target Price 22.5 28.2%
Analysts Target Price 22.5 28.2%
PCG Fundamental Data Overview as of 02 April 2026
P/E Trailing = 14.8898
P/E Forward = 9.6154
P/S = 1.5488
P/B = 1.1603
P/EG = 0.782
Revenue TTM = 24.93b USD
EBIT TTM = 5.62b USD
EBITDA TTM = 10.25b USD
Long Term Debt = 57.39b USD (from longTermDebt, last quarter)
Short Term Debt = 3.59b USD (from shortTermDebt, last quarter)
Debt = 61.34b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 60.62b USD (from netDebt column, last quarter)
Enterprise Value = 99.24b USD (38.62b + Debt 61.34b - CCE 713.0m)
Interest Coverage Ratio = 1.86 (Ebit TTM 5.62b / Interest Expense TTM 3.03b)
EV/FCF = -32.32x (Enterprise Value 99.24b / FCF TTM -3.07b)
FCF Yield = -3.09% (FCF TTM -3.07b / Enterprise Value 99.24b)
FCF Margin = -12.32% (FCF TTM -3.07b / Revenue TTM 24.93b)
Net Margin = 10.84% (Net Income TTM 2.70b / Revenue TTM 24.93b)
Gross Margin = 29.21% ((Revenue TTM 24.93b - Cost of Revenue TTM 17.65b) / Revenue TTM)
Gross Margin QoQ = 17.99% (prev 39.41%)
Tobins Q-Ratio = 0.70 (Enterprise Value 99.24b / Total Assets 141.61b)
Interest Expense / Debt = 1.19% (Interest Expense 732.0m / Debt 61.34b)
Taxrate = 21.0% (US default 21%)
NOPAT = 4.44b (EBIT 5.62b * (1 - 21.00%))
Current Ratio = 0.97 (Total Current Assets 15.83b / Total Current Liabilities 16.30b)
Debt / Equity = 1.88 (Debt 61.34b / totalStockholderEquity, last quarter 32.54b)
Debt / EBITDA = 5.91 (Net Debt 60.62b / EBITDA 10.25b)
 Debt / FCF = -19.74 (negative FCF - burning cash) (Net Debt 60.62b / FCF TTM -3.07b)
 Total Stockholder Equity = 31.60b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.96% (Net Income 2.70b / Total Assets 141.61b)
RoE = 8.55% (Net Income TTM 2.70b / Total Stockholder Equity 31.60b)
RoCE = 6.31% (EBIT 5.62b / Capital Employed (Equity 31.60b + L.T.Debt 57.39b))
RoIC = 4.95% (NOPAT 4.44b / Invested Capital 89.58b)
WACC = 2.89% (E(38.62b)/V(99.95b) * Re(5.99%) + D(61.34b)/V(99.95b) * Rd(1.19%) * (1-Tc(0.21)))
Discount Rate = 5.99% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.92%
Shares Correlation 3-Years: 100.0 | Cagr: 1.59%
 [DCF] Fair Price = unknown (Cash Flow -3.07b)
 EPS Correlation: 57.32 | EPS CAGR: 4.98% | SUE: -1.37 | # QB: 0
Revenue Correlation: 61.65 | Revenue CAGR: 4.36% | SUE: -1.04 | # QB: 0
EPS next Quarter (2026-06-30): EPS=0.35 | Chg7d=+0.010 | Chg30d=+0.010 | Revisions Net=+1 | Analysts=7
EPS current Year (2026-12-31): EPS=1.64 | Chg7d=+0.001 | Chg30d=+0.002 | Revisions Net=+1 | Growth EPS=+9.7% | Growth Revenue=+6.1%
EPS next Year (2027-12-31): EPS=1.80 | Chg7d=+0.001 | Chg30d=+0.007 | Revisions Net=+4 | Growth EPS=+9.7% | Growth Revenue=+3.5%
[Analyst] Revisions Ratio: +0.20 (3 Up / 2 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 1.2% (Discount Rate 7.9% - Earnings Yield 6.7%)
[Growth] Growth Spread = +4.0% (Analyst 5.2% - Implied 1.2%)
External Resources
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