Overview Dividends

(PNW) Pinnacle West Capital - Ratings and Ratios

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

Electricity, Transmission, Distribution

PNW EPS (Earnings per Share)

EPS Growth (3Y CAGR): 151.75%
EPS Trend (3Y Correlation): 6.7%

PNW Revenue

Revenue Growth (3Y CAGR): -2.82%
Revenue Trend (3Y Correlation): 11.2%

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.

PNW Stock Overview

Market Cap in USD	10,572m
Sub-Industry	Electric Utilities
IPO / Inception	1984-07-19

PNW Stock Ratings

Growth Rating	61.4%
Fundamental	43.2%
Dividend Rating	54.8%
Return 12m vs S&P 500	-9.52%
Analyst Rating	3.65 of 5

PNW Dividends

Dividend Yield 12m	4.02%
Yield on Cost 5y	5.36%
Annual Growth 5y	2.69%
Payout Consistency	68.5%
Payout Ratio	2.4%

PNW Growth Ratios

Growth Correlation 3m	4.9%
Growth Correlation 12m	38.9%
Growth Correlation 5y	77.1%
CAGR 5y	14.38%
CAGR/Max DD 3y (Calmar Ratio)	0.74
CAGR/Mean DD 3y (Pain Ratio)	2.54
Sharpe Ratio 12m	0.22
Alpha	-4.51
Beta	0.460
Volatility	19.97%
Current Volume	1994.1k
Average Volume 20d	1184k
Stop Loss	86.6 (-3.1%)
Signal	-0.03

Piotroski VR‑10 (Strict, 0-10) 3.0

Net Income (576.1m TTM) > 0 and > 6% of Revenue (6% = 315.3m TTM)

FCFTA -0.03 (>2.0%) and ΔFCFTA -0.10pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -31.19% (prev -21.75%; Δ -9.45pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.06 (>3.0%) and CFO 1.74b > Net Income 576.1m (YES >=105%, WARN >=100%)

Net Debt (13.99b) to EBITDA (2.07b) ratio: 6.76 <= 3.0 (WARN <= 3.5)

Current Ratio 0.52 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (121.9m) change vs 12m ago 5.23% (target <= -2.0% for YES)

Gross Margin 40.89% (prev 41.79%; Δ -0.90pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 19.13% (prev 19.03%; Δ 0.11pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 2.79 (EBITDA TTM 2.07b / Interest Expense TTM 389.8m) >= 6 (WARN >= 3)

Altman Z'' 0.62

(A) -0.06 = (Total Current Assets 1.79b - Total Current Liabilities 3.43b) / Total Assets 29.24b

(B) 0.12 = Retained Earnings (Balance) 3.64b / Total Assets 29.24b

(D) 0.30 = Book Value of Equity 6.73b / Total Liabilities 22.41b

Total Rating: 0.62 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 43.17

1. Piotroski 3.0pt = -2.0

2. FCF Yield -3.23% = -1.62

3. FCF Margin -15.10% = -5.66

4. Debt/Equity 2.08 = 0.65

5. Debt/Ebitda 6.76 = -2.50

6. ROIC - WACC (= 1.93)% = 2.41

7. RoE 8.59% = 0.72

8. Rev. Trend 11.18% = 0.84

9. EPS Trend 6.74% = 0.34

What is the price of PNW shares?

As of November 06, 2025, the stock is trading at USD 89.36 with a total of 1,994,141 shares traded.
Over the past week, the price has changed by -0.43%, over one month by -0.59%, over three months by -2.12% and over the past year by +8.53%.

Is Pinnacle West Capital a good stock to buy?

No, based on ValueRay´s Fundamental Analyses, Pinnacle West Capital (NYSE:PNW) is currently (November 2025) a stock to sell. It has a ValueRay Fundamental Rating of 43.17 and therefor a negative outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of PNW is around 95.18 USD . This means that PNW is currently overvalued and has a potential downside of 6.51%.

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	95.8	7.2%
Analysts Target Price	95.8	7.2%
ValueRay Target Price	101.5	13.6%

PNW Fundamental Data Overview November 04, 2025

Market Cap USD = 10.57b (10.57b USD * 1.0 USD.USD)
P/E Trailing = 18.214
P/E Forward = 18.1818
P/S = 2.0116
P/B = 1.5604
P/EG = 4.1216
Beta = 0.46
Revenue TTM = 5.26b USD
EBIT TTM = 1.09b USD
EBITDA TTM = 2.07b USD
Long Term Debt = 8.51b USD (from longTermDebt, last quarter)
Short Term Debt = 1.95b USD (from shortTermDebt, last quarter)
Debt = 14.00b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 13.99b USD (from netDebt column, last quarter)
Enterprise Value = 24.56b USD (10.57b + Debt 14.00b - CCE 18.8m)
Interest Coverage Ratio = 2.79 (Ebit TTM 1.09b / Interest Expense TTM 389.8m)
FCF Yield = -3.23% (FCF TTM -793.5m / Enterprise Value 24.56b)
FCF Margin = -15.10% (FCF TTM -793.5m / Revenue TTM 5.26b)
Net Margin = 10.96% (Net Income TTM 576.1m / Revenue TTM 5.26b)
Gross Margin = 40.89% ((Revenue TTM 5.26b - Cost of Revenue TTM 3.11b) / Revenue TTM)
Gross Margin QoQ = 43.80% (prev 34.11%)
Tobins Q-Ratio = 0.84 (Enterprise Value 24.56b / Total Assets 29.24b)
Interest Expense / Debt = 0.73% (Interest Expense 102.0m / Debt 14.00b)
Taxrate = 15.10% (35.0m / 231.9m)
NOPAT = 922.1m (EBIT 1.09b * (1 - 15.10%))
Current Ratio = 0.52 (Total Current Assets 1.79b / Total Current Liabilities 3.43b)
Debt / Equity = 2.08 (Debt 14.00b / totalStockholderEquity, last quarter 6.73b)
Debt / EBITDA = 6.76 (Net Debt 13.99b / EBITDA 2.07b)
Debt / FCF = -17.62 (negative FCF - burning cash) (Net Debt 13.99b / FCF TTM -793.5m)
Total Stockholder Equity = 6.71b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.97% (Net Income 576.1m / Total Assets 29.24b)
RoE = 8.59% (Net Income TTM 576.1m / Total Stockholder Equity 6.71b)
RoCE = 7.14% (EBIT 1.09b / Capital Employed (Equity 6.71b + L.T.Debt 8.51b))
RoIC = 5.59% (NOPAT 922.1m / Invested Capital 16.48b)
WACC = 3.67% (E(10.57b)/V(24.58b) * Re(7.71%) + D(14.00b)/V(24.58b) * Rd(0.73%) * (1-Tc(0.15)))
Discount Rate = 7.71% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: 100.0 | Cagr: 3.36%
Fair Price DCF = unknown (Cash Flow -793.5m)
EPS Correlation: 6.74 | EPS CAGR: 151.7% | SUE: -4.0 | # QB: 0
Revenue Correlation: 11.18 | Revenue CAGR: -2.82% | SUE: 0.10 | # QB: 0

Additional Sources for PNW Stock

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