Overview Dividends

(PNW) Pinnacle West Capital - Ratings and Ratios

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

Electricity, Transmission, Distribution

Electric Utilities
Market Cap in USD: 10,698m

IPO / Inception: 1984-07-19
Return 12m vs S&P 500: -12.2%

EPS (Earnings per Share)

EPS CAGR: 102.61%
EPS Trend: 23.1%

Last SUE: 2.07
Qual. Beats: 1

Revenue

Rev. CAGR: 24.57%
Rev. Trend: 56.2%

Last SUE: 0.33
Qual. Beats: 0

Dividends

Dividend Yield	3.97%
Yield on Cost 5y	5.48%
Yield CAGR 5y	2.69%
Payout Consistency	68.5%
Payout Ratio	73.8%

Risk via 10d forecast
Volatility	18.1%
Value at Risk 5%th	29.7%
Relative Tail Risk	0.03%

Reward TTM
Sharpe Ratio	-0.07
Alpha	-5.09
CAGR/Max DD	0.51

Character TTM
Hurst Exponent	0.508
Beta	0.209
Beta Downside	0.289

Drawdowns 3y
Max DD	19.52%
Mean DD	5.73%
Median DD	4.69%

Description: PNW Pinnacle West Capital October 31, 2025

Pinnacle West Capital Corp. (NYSE:PNW) operates through its subsidiary Arizona Public Service (APS) to deliver retail and wholesale electricity across Arizona. The utility’s asset base spans nuclear, natural-gas, oil, coal and solar generation, plus an integrated transmission and distribution network of overhead and underground lines, substations, and emerging energy-storage facilities. Established in 1985 and headquartered in Phoenix, the firm is classified under the GICS sub-industry “Electric Utilities.”

Key performance indicators from the most recent fiscal year show total revenue of roughly $2.5 billion, adjusted earnings per share of $2.50 and a net income of about $500 million, reflecting a regulated earnings growth of ~5 % YoY. The company carries approximately $1.5 billion of long-term debt, yielding an interest-coverage ratio near 4.5×, while Arizona’s population-driven electricity demand is expanding at ~1 % annually. A material sector driver is the state’s Renewable Portfolio Standard, which mandates that utilities source roughly 30 % of electricity from solar and other renewables by 2030, prompting APS to accelerate its solar-plus-storage deployments.

For a deeper quantitative assessment, you may find ValueRay’s proprietary valuation models useful.

Piotroski VR‑10 (Strict, 0-10) 2.0

Net Income (594.3m TTM) > 0 and > 6% of Revenue (6% = 318.4m TTM)

FCFTA -0.02 (>2.0%) and ΔFCFTA 0.28pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -18.18% (prev -18.58%; Δ 0.40pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.06 (>3.0%) and CFO 1.77b > Net Income 594.3m (YES >=105%, WARN >=100%)

Net Debt (14.22b) to EBITDA (2.10b) ratio: 6.78 <= 3.0 (WARN <= 3.5)

Current Ratio 0.67 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (122.0m) change vs 12m ago 4.13% (target <= -2.0% for YES)

Gross Margin 38.20% (prev 41.81%; Δ -3.62pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 18.89% (prev 19.08%; Δ -0.20pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 2.78 (EBITDA TTM 2.10b / Interest Expense TTM 403.0m) >= 6 (WARN >= 3)

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 (Balance) 4.05b / Total Assets 29.89b

(D) 0.32 = Book Value of Equity 7.17b / Total Liabilities 22.68b

Total Rating: 0.83 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 47.77

1. Piotroski 2.0pt

2. FCF Yield -2.89%

3. FCF Margin -13.55%

4. Debt/Equity 1.99

5. Debt/Ebitda 6.78

6. ROIC - WACC (= 2.33)%

7. RoE 8.68%

8. Rev. Trend 56.16%

9. EPS Trend 23.10%

What is the price of PNW shares?

As of November 27, 2025, the stock is trading at USD 90.59 with a total of 706,954 shares traded.
Over the past week, the price has changed by +2.11%, over one month by -0.29%, over three months by +1.75% and over the past year by +0.53%.

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.

Strong Buy: 6
Buy: 0
Hold: 10
Sell: 1
Strong Sell: 0

What are the forecasts/targets for the PNW price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	96.1	6%
Analysts Target Price	96.1	6%
ValueRay Target Price	100	10.4%

PNW Fundamental Data Overview November 20, 2025

Market Cap USD = 10.70b (10.70b USD * 1.0 USD.USD)
P/E Trailing = 18.4289
P/E Forward = 18.6567
P/S = 2.0157
P/B = 1.4888
P/EG = 4.2249
Beta = 0.534
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 = 24.91b USD (10.70b + Debt 14.25b - CCE 30.9m)
Interest Coverage Ratio = 2.78 (Ebit TTM 1.12b / Interest Expense TTM 403.0m)
FCF Yield = -2.89% (FCF TTM -718.9m / Enterprise Value 24.91b)
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 = 0.83 (Enterprise Value 24.91b / 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 = 1.99% (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 = 3.29% (E(10.70b)/V(24.94b) * Re(6.79%) + D(14.25b)/V(24.94b) * Rd(0.78%) * (1-Tc(0.16)))
Discount Rate = 6.79% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: 100.0 | Cagr: 3.40%
Fair Price DCF = unknown (Cash Flow -718.9m)
EPS Correlation: 23.10 | EPS CAGR: 102.6% | SUE: 2.07 | # QB: 1
Revenue Correlation: 56.16 | Revenue CAGR: 24.57% | SUE: 0.33 | # QB: 0

Additional Sources for PNW Stock

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