PNW Stock Analysis: Pinnacle West Capital | NYSE
Utilities - Regulated Electric | NYSE, USA | Market Cap: 11.418m USD | 12M Return: 12.2% | US7234841010 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 88.4M
EPS Trend: 62.9%
Qual. Beats: 0
Rev. Trend: 98.2%
Qual. Beats: 2
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Pinnacle West Capital Corporation is a holding company that, through its subsidiary, provides retail and wholesale electric services throughout Arizona. The company operates as a vertically integrated utility, managing the generation, transmission, and distribution of electricity through a diversified mix of nuclear, gas, oil, coal, and solar generating facilities. Its infrastructure includes overhead and underground transmission and distribution lines, substations (transmission and distribution yards), and energy storage facilities. The company was incorporated in 1985 and is headquartered in Phoenix, Arizona.
The vertically integrated utility model, in which a single company manages generation, transmission, and distribution, is characteristic of traditional regulated electric utilities in the United States. Holding company structures like Pinnacle Wests are common in the sector, allowing the parent corporation to oversee utility operations through a regulated subsidiary that typically functions as the exclusive provider within a designated service territory.
- Arizona rate case ruling sets allowed return on equity
- Arizona population growth drives retail electricity sales higher
- Clean energy capital expenditure expands rate base and earnings
| Net Income: 640.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.03 > 0.02 and ΔFCF/TA 0.02 > 1.0 |
| NWC/Revenue: -24.64% < 20% (prev -31.19%; Δ 6.55% < -1%) |
| CFO/TA 0.05 > 3% & CFO 1.77b > Net Income 640.1m |
| Net Debt (16.5b) to EBITDA (2.19b): 7.55 < 3 |
| Current Ratio: 0.59 > 1.5 & < 3 |
| Outstanding Shares: last quarter (124.5m) vs 12m ago 2.16% < -2% |
| Gross Margin: 40.34% > 18% (prev 40.89%; Δ -0.54% > 0.5%) |
| Asset Turnover: 17.97% > 50% (prev 17.98%; Δ -0.00% > 0%) |
| Interest Coverage Ratio: 2.64 > 6 (EBIT TTM 1.22b / Interest Expense TTM 463.3m) |
| A: -0.04 (Total Current Assets 2.00b - Total Current Liabilities 3.37b) / Total Assets 32.6b |
| B: 0.12 (Retained Earnings 3.84b / Total Assets 32.6b) |
| C: 0.04 (EBIT TTM 1.22b / Avg Total Assets 30.9b) |
| D: 0.28 (Book Value of Equity 7.03b / Total Liabilities 25.5b) |
| Altman-Z'' = 0.66 = B |
| DSRI: 1.19 (Receivables 1.04b/824.5m, Revenue 5.55b/5.26b) |
| GMI: 1.01 (GM 40.89% / 40.34%) |
| AQI: 0.95 (AQ_t 0.14 / AQ_t-1 0.15) |
| SGI: 1.06 (Revenue 5.55b / 5.26b) |
| TATA: -0.03 (NI 640.1m - CFO 1.77b) / TA 32.6b) |
| Beneish M = -2.84 (Cap -4..+1) = A |
As of September 23, 2026, the stock is trading at USD 93.16 with a total of 860,543 shares traded. Over the past week, the price has changed by -1.83%, over one month by -4.66%, over three months by -8.22% and over the past year by +12.18%.
Current recommended Stop Loss: 90.90 (which is 2.4% or 1.4 ATR below the current price).
Pinnacle West Capital has received a consensus analysts rating of 3.41. Therefore, it is recommended to hold PNW.
- StrongBuy: 4
- Buy: 0
- Hold: 12
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 105.9 | 13.6% |
P/E Trailing = 18.3645
P/E Forward = 17.331
P/S = 2.0557
P/B = 1.6469
P/EG = 3.6722
Revenue TTM = 5.55b USD
EBIT TTM = 1.22b USD
EBITDA TTM = 2.19b USD
Long Term Debt = 9.78b USD (from longTermDebt, last quarter)
Short Term Debt = 1.59b USD (from shortTermDebt, last quarter)
Debt = 16.5b USD (from shortLongTermDebtTotal, last quarter) + Leases 5.14b
Net Debt = 16.5b USD (calculated: Debt 16.5b - CCE 9.12m)
Enterprise Value = 27.9b USD (11.4b + Debt 16.5b - CCE 9.12m)
Interest Coverage Ratio = 2.64 (Ebit TTM 1.22b / Interest Expense TTM 463.3m)
EV/FCF = -31.77x (Enterprise Value 27.9b / FCF TTM -878.5m)
FCF Yield = -3.15% (FCF TTM -878.5m / Enterprise Value 27.9b)
FCF Margin = -15.82% (FCF TTM -878.5m / Revenue TTM 5.55b)
Net Margin = 11.52% (Net Income TTM 640.1m / Revenue TTM 5.55b)
Gross Margin = 40.34% ((Revenue TTM 5.55b - Cost of Revenue TTM 3.31b) / Revenue TTM)
Gross Margin QoQ = 42.17% (prev 62.01%)
Tobins Q-Ratio = 0.86 (Enterprise Value 27.9b / Total Assets 32.6b)
Interest Expense / Debt = 2.81% (Interest Expense 463.3m / Debt 16.5b)
Taxrate = 14.50% (110.4m / 761.4m)
NOPAT = 1.05b (EBIT 1.22b * (1 - 14.50%))
Current Ratio = 0.59 (Total Current Assets 2.00b / Total Current Liabilities 3.37b)
Debt / Equity = 2.35 (Debt 16.5b / totalStockholderEquity, last quarter 7.03b)
Debt / EBITDA = 7.55 (Net Debt 16.5b / EBITDA 2.19b)
Debt / FCF = -18.78 (negative FCF - burning cash) (Net Debt 16.5b / FCF TTM -878.5m)
Total Stockholder Equity = 7.08b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.07% (Net Income 640.1m / Total Assets 32.6b)
RoE = 9.04% (Net Income TTM 640.1m / Total Stockholder Equity 7.08b)
RoCE = 7.27% (EBIT 1.22b / Capital Employed (Equity 7.08b + L.T.Debt 9.78b))
RoIC = 3.40% (NOPAT 1.05b / Invested Capital 30.8b)
WACC = 3.77% (E(11.4b)/V(27.9b) * Re(5.76%) + D(16.5b)/V(27.9b) * Rd(2.81%) * (1-Tc(0.14)))
Discount Rate = 5.76% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 93.70 | Cagr: 3.90%
[DCF] Fair Price = unknown (Cash Flow -878.5m)
EPS Correlation: 62.89 | EPS CAGR: 5.80% | SUE: -0.28 | # QB: 0
Revenue Correlation: 98.19 | Revenue CAGR: 6.66% | SUE: 1.00 | # QB: 2
EPS current Quarter (2026-09-30): EPS=3.15 | Chg30d=-0.41% | Revisions=-29% | Analysts=5
EPS current Year (2026-12-31): EPS=4.71 | Chg30d=-0.22% | Revisions=+50% | GrowthEPS=-6.7% | GrowthRev=+2.7%
EPS next Year (2027-12-31): EPS=5.64 | Chg30d=-0.20% | Revisions=+57% | GrowthEPS=+19.8% | GrowthRev=+8.1%
[Analyst] Revisions Ratio: +36% (up=8, down=3)