(PNW) Pinnacle West Capital - Overview
Stock: Electricity, Transmission, Distribution, Storage
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 4.98% |
| Yield on Cost 5y | 5.85% |
| Yield CAGR 5y | 1.86% |
| Payout Consistency | 68.0% |
| Payout Ratio | 73.2% |
| Risk 5d forecast | |
|---|---|
| Volatility | 18.2% |
| Relative Tail Risk | 0.21% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.46 |
| Alpha | 4.10 |
| Character TTM | |
|---|---|
| Beta | 0.173 |
| Beta Downside | 0.241 |
| Drawdowns 3y | |
|---|---|
| Max DD | 19.52% |
| CAGR/Max DD | 0.66 |
Description: PNW Pinnacle West Capital January 04, 2026
Pinnacle West Capital Corp (NYSE:PNW) is a regulated utility that, through its subsidiary Arizona Public Service, delivers retail and wholesale electricity across Arizona. The firm operates a diversified generation mix-including nuclear, natural-gas, oil, coal and solar plants-and maintains an integrated transmission and distribution network of overhead and underground lines, substations, and energy-storage assets. Incorporated in 1985 and headquartered in Phoenix, the company’s core business is the regulated provision of reliable power to residential, commercial and industrial customers.
Key operating metrics as of the latest filing show annual revenue of roughly $6.5 billion, a dividend yield near 3.5 % and a regulated return on equity (ROE) in the high-single-digit range, reflecting the stable cash-flow profile typical of U.S. electric utilities. Arizona’s population growth (≈1.5 % YoY) and the state’s aggressive renewable-energy targets (30 % solar by 2030) are primary demand and policy drivers that could shape PNW’s future capacity investments and rate cases.
For a deeper, data-driven view of how these fundamentals translate into valuation expectations, you might explore the analyst tools on ValueRay to see the latest consensus forecasts and scenario analyses.
Piotroski VR‑10 (Strict, 0-10) 3.0
| Net Income: 594.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.02 > 0.02 and ΔFCF/TA 0.28 > 1.0 |
| NWC/Revenue: -18.18% < 20% (prev -18.58%; Δ 0.40% < -1%) |
| CFO/TA 0.06 > 3% & CFO 1.77b > Net Income 594.3m |
| Net Debt (14.22b) to EBITDA (2.10b): 6.78 < 3 |
| Current Ratio: 0.67 > 1.5 & < 3 |
| Outstanding Shares: last quarter (122.0m) vs 12m ago 4.13% < -2% |
| Gross Margin: 38.20% > 18% (prev 0.42%; Δ 3778 % > 0.5%) |
| Asset Turnover: 18.89% > 50% (prev 19.08%; Δ -0.20% > 0%) |
| Interest Coverage Ratio: 2.78 > 6 (EBITDA TTM 2.10b / Interest Expense TTM 403.0m) |
Altman Z'' 0.83
| A: -0.03 (Total Current Assets 2.00b - Total Current Liabilities 2.97b) / Total Assets 29.89b |
| B: 0.14 (Retained Earnings 4.05b / Total Assets 29.89b) |
| C: 0.04 (EBIT TTM 1.12b / Avg Total Assets 28.10b) |
| D: 0.32 (Book Value of Equity 7.17b / Total Liabilities 22.68b) |
| Altman-Z'' Score: 0.83 = B |
Beneish M -3.07
| DSRI: 0.89 (Receivables 1.01b/1.08b, Revenue 5.31b/5.02b) |
| GMI: 1.09 (GM 38.20% / 41.81%) |
| AQI: 0.94 (AQ_t 0.15 / AQ_t-1 0.16) |
| SGI: 1.06 (Revenue 5.31b / 5.02b) |
| TATA: -0.04 (NI 594.3m - CFO 1.77b) / TA 29.89b) |
| Beneish M-Score: -3.07 (Cap -4..+1) = AA |
What is the price of PNW shares?
Over the past week, the price has changed by +0.94%, over one month by +5.81%, over three months by +7.76% and over the past year by +10.88%.
Is PNW a buy, sell or hold?
- StrongBuy: 6
- Buy: 0
- Hold: 10
- Sell: 1
- StrongSell: 0
What are the forecasts/targets for the PNW price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 95.9 | 2.6% |
| Analysts Target Price | 95.9 | 2.6% |
| ValueRay Target Price | 105.3 | 12.6% |
PNW Fundamental Data Overview February 05, 2026
P/E Forward = 19.4553
P/S = 2.1116
P/B = 1.5312
P/EG = 3.7985
Revenue TTM = 5.31b USD
EBIT TTM = 1.12b USD
EBITDA TTM = 2.10b USD
Long Term Debt = 9.20b USD (from longTermDebt, last quarter)
Short Term Debt = 1.48b USD (from shortTermDebt, last quarter)
Debt = 14.25b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 14.22b USD (from netDebt column, last quarter)
Enterprise Value = 25.42b USD (11.21b + Debt 14.25b - CCE 30.9m)
Interest Coverage Ratio = 2.78 (Ebit TTM 1.12b / Interest Expense TTM 403.0m)
EV/FCF = -35.36x (Enterprise Value 25.42b / FCF TTM -718.9m)
FCF Yield = -2.83% (FCF TTM -718.9m / Enterprise Value 25.42b)
FCF Margin = -13.55% (FCF TTM -718.9m / Revenue TTM 5.31b)
Net Margin = 11.20% (Net Income TTM 594.3m / Revenue TTM 5.31b)
Gross Margin = 38.20% ((Revenue TTM 5.31b - Cost of Revenue TTM 3.28b) / Revenue TTM)
Gross Margin QoQ = 38.88% (prev 43.80%)
Tobins Q-Ratio = 0.85 (Enterprise Value 25.42b / Total Assets 29.89b)
Interest Expense / Debt = 0.78% (Interest Expense 111.2m / Debt 14.25b)
Taxrate = 15.72% (77.9m / 495.4m)
NOPAT = 944.9m (EBIT 1.12b * (1 - 15.72%))
Current Ratio = 0.67 (Total Current Assets 2.00b / Total Current Liabilities 2.97b)
Debt / Equity = 1.99 (Debt 14.25b / totalStockholderEquity, last quarter 7.17b)
Debt / EBITDA = 6.78 (Net Debt 14.22b / EBITDA 2.10b)
Debt / FCF = -19.77 (negative FCF - burning cash) (Net Debt 14.22b / FCF TTM -718.9m)
Total Stockholder Equity = 6.85b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.11% (Net Income 594.3m / Total Assets 29.89b)
RoE = 8.68% (Net Income TTM 594.3m / Total Stockholder Equity 6.85b)
RoCE = 6.99% (EBIT 1.12b / Capital Employed (Equity 6.85b + L.T.Debt 9.20b))
RoIC = 5.62% (NOPAT 944.9m / Invested Capital 16.82b)
WACC = 3.25% (E(11.21b)/V(25.45b) * Re(6.55%) + D(14.25b)/V(25.45b) * Rd(0.78%) * (1-Tc(0.16)))
Discount Rate = 6.55% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 100.0 | Cagr: 3.40%
Fair Price DCF = unknown (Cash Flow -718.9m)
EPS Correlation: 5.62 | EPS CAGR: -11.19% | SUE: -0.15 | # QB: 0
Revenue Correlation: 56.54 | Revenue CAGR: 24.57% | SUE: 0.33 | # QB: 0
EPS next Quarter (2026-03-31): EPS=-0.01 | Chg30d=-0.001 | Revisions Net=-1 | Analysts=3
EPS next Year (2026-12-31): EPS=4.67 | Chg30d=-0.003 | Revisions Net=+0 | Growth EPS=-6.7% | Growth Revenue=+4.1%