(PNW) Pinnacle West Capital - Overview

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US7234841010

Stock:

Total Rating 41

Risk 75

Buy Signal -0.01

Utilities - Regulated Electric +6.3
Electric Utilities +10.6

Market Cap: 11,779m
Avg Trading Vol: 106M USD

ATR: 1.92%
Peers RS (IBD): 37.78

Risk 5d forecast
Volatility	17.7%
Relative Tail Risk	-0.11%

Reward TTM
Sharpe Ratio	0.56
Alpha	7.68

Character TTM
Beta	0.159
Beta Downside	0.170

Drawdowns 3y
Max DD	19.52%
CAGR/Max DD	0.81

EPS (Earnings per Share)

EPS CAGR: -11.19%
EPS Trend: 5.6%

Last SUE: -0.15
Qual. Beats: 0

Revenue

Rev. CAGR: 24.57%
Rev. Trend: 56.5%

Last SUE: 0.33
Qual. Beats: 0

Description: PNW Pinnacle West Capital

Pinnacle West Capital Corporation, through its subsidiary, provides retail and wholesale electric services primarily in the state of Arizona. The company engages in the generation, transmission, and distribution of electricity using nuclear, gas, oil, coal, and solar generating facilities. Its transmission facilities include overhead lines and underground lines; and distribution facilities consist of overhead lines and underground primary cables. The company also owns and maintains transmission and distribution substations; and owns energy storage facilities. Pinnacle West Capital Corporation was incorporated in 1985 and is headquartered in Phoenix, Arizona.

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?

As of February 25, 2026, the stock is trading at USD 100.05 with a total of 1,980,124 shares traded.
Over the past week, the price has changed by +1.17%, over one month by +8.71%, over three months by +12.96% and over the past year by +13.00%.

Is PNW a buy, sell or hold?

Pinnacle West Capital has received a consensus analysts rating of 3.65. Therefor, it is recommend to hold PNW.

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	96.2	-3.8%
Analysts Target Price	96.2	-3.8%

PNW Fundamental Data Overview February 21, 2026

P/E Trailing = 20.1247
P/E Forward = 21.0084
P/S = 2.2194
P/B = 1.6596
P/EG = 4.104
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 = 25.99b USD (11.78b + Debt 14.25b - CCE 30.9m)
Interest Coverage Ratio = 2.78 (Ebit TTM 1.12b / Interest Expense TTM 403.0m)
EV/FCF = -36.16x (Enterprise Value 25.99b / FCF TTM -718.9m)
FCF Yield = -2.77% (FCF TTM -718.9m / Enterprise Value 25.99b)
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 = 0.87 (Enterprise Value 25.99b / 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 = 3.30% (E(11.78b)/V(26.03b) * Re(6.50%) + D(14.25b)/V(26.03b) * Rd(0.78%) * (1-Tc(0.16)))
Discount Rate = 6.50% (= 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=-6.5% | Growth Revenue=+4.1%

Additional Sources for PNW Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Fund Manager Positions: Dataroma | Stockcircle