PNW Stock Analysis: Pinnacle West Capital | NYSE
Utilities - Regulated Electric | NYSE, USA | Market Cap: 12.795m USD | 12M Return: 26.1% | US7234841010 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 163M
EPS Trend: 53.0%
Qual. Beats: 0
Rev. Trend: 98.5%
Qual. Beats: 3
Warnings
Tailwinds
Seasonality 11.9 years of data, until 10/2026
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, ≥40 worth a closer look and ≥60 is strong.
Pinnacle West Capital Corporation (NYSE: PNW) is a Phoenix-based holding company that operates as a vertically integrated electric utility, providing retail and wholesale electric services throughout Arizona. The company generates, transmits, and distributes electricity using a diverse mix of nuclear, gas, oil, coal, and solar facilities, supported by overhead and underground transmission and distribution lines, substations, and energy storage assets. As a regulated electric utility, Pinnacle Wests operations are overseen by the Arizona Corporation Commission, which sets rates and service standards for the industry. Founded in 1985 and listed since 1984, Pinnacle West ranks as a large-cap utility with a market capitalization of roughly $11.4 billion.
- Arizona rate case decisions drive allowed return on equity
- Coal plant retirement and clean energy capex pressure cash flow
- Arizona population growth lifts retail electricity demand
| Net Income: 661.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.03 > 0.02 and ΔFCF/TA -0.38 > 1.0 |
| NWC/Revenue: -15.17% < 20% (prev -18.18%; Δ 3.01% < -1%) |
| CFO/TA 0.05 > 3% & CFO 1.83b > Net Income 661.1m |
| Net Debt (22.1b) to EBITDA (2.27b): 9.71 < 3 |
| Current Ratio: 0.71 > 1.5 & < 3 |
| Outstanding Shares: last quarter (124.3m) vs 12m ago 1.95% < -2% |
| Gross Margin: 41.42% > 18% (prev 41.16%; Δ 0.26% > 0.5%) |
| Asset Turnover: 18.01% > 50% (prev 17.75%; Δ 0.26% > 0%) |
| Interest Coverage Ratio: 2.64 > 6 (EBIT TTM 1.26b / Interest Expense TTM 476.8m) |
| A: -0.03 (Total Current Assets 2.15b - Total Current Liabilities 3.02b) / Total Assets 33.5b |
| B: 0.13 (Retained Earnings 4.28b / Total Assets 33.5b) |
| C: 0.04 (EBIT TTM 1.26b / Avg Total Assets 31.7b) |
| D: 0.29 (Book Value of Equity 7.48b / Total Liabilities 25.9b) |
| Altman-Z'' = 0.82 = B |
| DSRI: 1.11 (Receivables 1.21b/1.01b, Revenue 5.71b/5.31b) |
| GMI: 0.99 (GM 41.16% / 41.42%) |
| AQI: 0.93 (AQ_t 0.14 / AQ_t-1 0.15) |
| SGI: 1.08 (Revenue 5.71b / 5.31b) |
| TATA: -0.03 (NI 661.1m - CFO 1.83b) / TA 33.5b) |
| Beneish M = -2.93 (Cap -4..+1) = A |
As of November 12, 2026, the stock is trading at USD 107.91 with a total of 1,753,710 shares traded. Over the past week, the price has changed by +2.22%, over one month by +8.96%, over three months by +8.81% and over the past year by +26.07%.
Current recommended Stop Loss: 104.80 (which is 2.9% or 1.4 ATR below the current price).
Pinnacle West Capital has received a consensus analysts rating of 3.56. Therefore, it is recommended to hold PNW.
- StrongBuy: 5
- Buy: 1
- Hold: 11
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 105 | -2.7% |
P/E Trailing = 20.263
P/E Forward = 19.4932
P/S = 2.2423
P/B = 1.8562
P/EG = 3.8615
Revenue TTM = 5.71b USD
EBIT TTM = 1.26b USD
EBITDA TTM = 2.27b USD
Long Term Debt = 9.21b USD (from longTermDebt, last fiscal year)
Short Term Debt = 1.47b USD (from shortTermDebt, last quarter)
Debt = 22.1b USD (from shortLongTermDebtTotal, last quarter) + Leases 5.14b
Net Debt = 22.1b USD (calculated: Debt 22.1b - CCE 11.1m)
Enterprise Value = 34.9b USD (12.8b + Debt 22.1b - CCE 11.1m)
Interest Coverage Ratio = 2.64 (Ebit TTM 1.26b / Interest Expense TTM 476.8m)
EV/FCF = -37.44x (Enterprise Value 34.9b / FCF TTM -931.9m)
FCF Yield = -2.67% (FCF TTM -931.9m / Enterprise Value 34.9b)
FCF Margin = -16.33% (FCF TTM -931.9m / Revenue TTM 5.71b)
Net Margin = 11.59% (Net Income TTM 661.1m / Revenue TTM 5.71b)
Gross Margin = 41.42% ((Revenue TTM 5.71b - Cost of Revenue TTM 3.34b) / Revenue TTM)
Gross Margin QoQ = 31.47% (prev 61.64%)
Tobins Q-Ratio = 1.04 (Enterprise Value 34.9b / Total Assets 33.5b)
Interest Expense / Debt = 2.16% (Interest Expense 476.8m / Debt 22.1b)
Taxrate = 14.41% (112.8m / 782.7m)
NOPAT = 1.08b (EBIT 1.26b * (1 - 14.41%))
Current Ratio = 0.71 (Total Current Assets 2.15b / Total Current Liabilities 3.02b)
Debt / Equity = 2.96 (Debt 22.1b / totalStockholderEquity, last quarter 7.48b)
Debt / EBITDA = 9.71 (Net Debt 22.1b / EBITDA 2.27b)
Debt / FCF = -23.71 (negative FCF - burning cash) (Net Debt 22.1b / FCF TTM -931.9m)
Total Stockholder Equity = 7.16b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.09% (Net Income 661.1m / Total Assets 33.5b)
RoE = 9.24% (Net Income TTM 661.1m / Total Stockholder Equity 7.16b)
RoCE = 7.70% (EBIT 1.26b / Capital Employed (Equity 7.16b + L.T.Debt 9.21b))
RoIC = 3.38% (NOPAT 1.08b / Invested Capital 31.9b)
WACC = 3.15% (E(12.8b)/V(34.9b) * Re(5.40%) + D(22.1b)/V(34.9b) * Rd(2.16%) * (1-Tc(0.14)))
Discount Rate = 5.40% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 91.95 | Cagr: 3.21%
[DCF] Fair Price = unknown (Cash Flow -931.9m)
EPS Correlation: 52.98 | EPS CAGR: 3.87% | SUE: 0.58 | # QB: 0
Revenue Correlation: 98.50 | Revenue CAGR: 6.99% | SUE: 1.37 | # QB: 3
EPS current Quarter (2027-03-31): EPS=0.21 | Chg30d=-1.57% | Revisions=+25% | Analysts=3
EPS current Year (2026-12-31): EPS=4.87 | Chg30d=+3.10% | Revisions=+44% | GrowthEPS=-3.6% | GrowthRev=+8.0%
EPS next Year (2027-12-31): EPS=5.61 | Chg30d=-0.60% | Revisions=-25% | GrowthEPS=+15.2% | GrowthRev=+2.9%
[Analyst] Revisions Ratio: +36% (up=6, down=2)