Stock Analysis
Pinnacle West Capital CorporationPNW
P/E 19.58×· 5Y range 10.95–23.93×· top 13% of history
Sector: Utilities · Industry: Electric Services
AnalystsHold21 analystsP/E 19.6× sits at the 87th percentile of its 5.086926762491444-year history.
Cash covers 0% of debt · Q2 2026.
PMP Verdict
Weak fundamentals, expensive
Risks
- Valuation25
- Financial Health6
Weak fundamentals at a demanding price.
What's happening with PNW
Profile
financial health, growth, valuation and moat lag behind.
How is each axis scored?
- Valuation25/100 · Weak
- P/E vs own history (87th pct)0/25
- FCF yield (-7.0%)0/25
- P/S (2.3x)20/25
- EV/EBIT (25.5x)5/25
- Growth24/100 · Weak
- Revenue CAGR (8.9%)12/25
- Net income CAGR (-0.1%)0/25
- EPS CAGR 5Y (-1.9%)0/25
- Fwd implied growth (12.1%)12/25
- Profitability57/100 · Moderate
- ROIC (3.8%)5/25
- ROE (9.0%)12/25
- Net margin (11.5%)20/25
- Operating margin (20.5%)20/25
- Financial Health6/100 · Weak
- Altman Z (0.54)3/25
- Current ratio (0.59)0/25
- Interest coverage (0.8x)3/25
- Net cash / debt (D/A 51%)0/25
- Quality55/100 · Moderate
- Piotroski F (4/9)10/25
- Beneish M (-2.61)25/25
- FCF conversion (-137%)0/25
- Margin stability (σ 6.8%)20/25
- Moat31/100 · Weak
- ROIC >12% years (0/9 yrs)0/25
- Median gross margin (20.0%)6/25
- FCF-positive years (1/9 yrs)0/25
- Worst-year net margin (worst 10.7%)25/25
Risk Flags
- ⚠Altman Z 0.5 — distress-zone balance sheet
- ⚠Negative FCF margin (-0.2%) — burning cash
- ⚠Interest coverage 0.8× — thin debt cushion
- ⚠P/E 19.6× at top 13% of 5-year history
About Pinnacle West Capital Corporation
Pinnacle West is a holding company whose principal subsidiary is Arizona Public Service, a vertically integrated electric utility serving approximately 1. Show more
4 million customers across a 35,000-square-mile territory in central Arizona, including the Phoenix area. APS owns or leases 6.5 gigawatts of power generation capacity, including a 29% ownership stake in one of the largest nuclear plants in the US, Palo Verde. Half of the electricity that APS supplies to customers comes from clean energy sources, including nuclear.
Headquarters: PHOENIX, AZ · Employees: 6,610 · Website ↗
Price History
Weekly Candlestick Chart — up to 5Y
Key Metrics
Financial snapshot · Tap any metric for its definition and grade
TTM Snapshot
trailing twelve months · YoYValuation
25EP/E (TTM)19.6xB
Grade B: FairPrice / TTM EPS (own statements) — vs own 5Y history: 11.0x–23.9x · 87th pct
P/FCF296.7xD
Grade D: ExpensivePrice / Free Cash Flow per share (Finnhub). Inverse of FCF yield — negative when FCF is negative · CapEx exceeds operating cash flow (150% of OCF) — reported FCF understates normalized earning power in this investment phase
FCF Yield-7.0%D
Grade D: NegativeTTM (OCF − CapEx) / Market Cap — vs own 5Y history: -9.3%–-4.8% · 41st pct · CapEx exceeds operating cash flow (150% of OCF) — reported FCF understates normalized earning power in this investment phase
P/S (TTM)2.26xB
Grade B: FairPrice / TTM Revenue (own statements) — vs own 5Y history: 1.6x–2.5x · 87th pct
EV/EBIT25.5xD
Grade D: ExpensiveEnterprise value / TTM EBIT (D&A not in our data) — capital-structure neutral — vs own 5Y history: 17.2x–27.9x · 92nd pct
EV/Sales4.3xB
Grade B: FairEnterprise Value / TTM Revenue (Finnhub) — capital-structure neutral sales multiple
Forward P/E17.5xB
Grade B: FairPrice / next-year EPS estimate — shows whether the TTM multiple is rich or just front-loading growth
P/B Ratio1.77xA
Grade A: FairPrice to Book Value. Neg. equity = heavy buybacks
PEG Ratio2.32C
Grade C: ExpensiveFinnhub PEG — their P/E basis ÷ expected EPS growth. Suppressed when their P/E diverges >2× from our TTM P/E (different basis)
Dividend Yield3.47%A
Grade A: PaysTTM dividend yield (Finnhub) — annual dividends / price. None = no dividend; very high yield can signal distress
Payout Ratio67.4%C
Grade C: HighDividends / Net Income (Finnhub) — share of earnings paid out; >90% or negative = unsustainable
CapEx exceeds OCF: CapEx exceeds operating cash flow (150% of OCF) — reported FCF understates normalized earning power in this investment phase
Profitability
57CROIC3.8%D
Grade D: LowNOPAT (EBIT less ~21% tax) / invested capital (equity + debt − cash). Flagship quality metric — durable >15% signals a moat
ROE9.0%D
Grade D: WeakReturn on Equity. Neg. equity = heavy buybacks
ROA2.1%D
Grade D: WeakReturn on Assets (Finnhub) — Net Income / Total Assets; how efficiently assets produce profit
Net Margin11.5%A
Grade A: HighNet Income / Revenue
Operating Margin20.5%C
Grade C: AverageTTM EBIT / TTM Revenue
Gross Margin20.5%D
Grade D: LowGross Profit / Revenue
FCF Margin-15.8%D
Grade D: LowFCF / Revenue · CapEx exceeds operating cash flow (150% of OCF) — reported FCF understates normalized earning power in this investment phase
True FCF Margin-16.3%D
Grade D: LowTTM (OCF − CapEx − SBC) / TTM Revenue — SBC treated as a real cost · CapEx exceeds operating cash flow (150% of OCF) — reported FCF understates normalized earning power in this investment phase
Growth
24ERevenue CAGR8.9%C
Grade C: OkCompound annual revenue growth (up to 5Y depending on data availability)
Net Income CAGR-0.1%D
Grade D: LowCompound annual net income growth (up to 5Y depending on data availability)
EPS CAGR (5Y)-1.9%D
Grade D: LowCompound annual EPS growth over up to 5Y of per-share earnings (own statements). Null when either endpoint EPS ≤ 0
Implied EPS Growth12.1%B
Grade B: LowAnalyst forward EPS (normalized basis) vs our GAAP TTM EPS — different bases, so extreme values usually mark cyclically depressed TTM earnings, not real growth
Dilution (5Y)+7.1%C
Grade C: DilutiveShare count change over 5Y
SBC / Net Income4.4%A
Grade A: LowStock-based comp/Net income. >30% = dilution risk
SBC / Revenue0.5%A
Grade A: LowTTM stock-based comp / TTM Revenue
Financial Health
6EAltman Z-Score0.54D
Grade D: DistressBankruptcy risk. >3 Safe, <1.8 Distress
Current Ratio0.59xD
Grade D: LowCurrent Assets/Liabilities
Quick Ratio0.41xD
Grade D: Low(Current Assets − Inventory) / Current Liabilities (Finnhub) — stricter liquidity test, excludes inventory
Interest Coverage0.8xD
Grade D: RiskyEBIT/Interest. >10 Strong
Debt Repayment—
Years to repay net debt via FCF · CapEx exceeds operating cash flow (150% of OCF) — reported FCF understates normalized earning power in this investment phase
Net Debt/EBIT14.5xD
Grade D: HighLeverage. <2x Low, >4x High
Debt/Equity2.33xD
Grade D: HighDebt / Equity: <1 Conservative, >2 Risky. Not meaningful with non-positive equity; shown as unavailable rather than low debt.
Cash / Debt0.00xD
Grade D: ThinCash covers how much of total debt. >1 = could repay all debt from cash
Quality
55CPiotroski F-Score4/9C
Grade C: AverageFinancial strength 0–9. >7 Strong
Beneish M-Score-2.61A
Grade A: SafeEarnings manipulation risk. < -2.22 Safe
FCF Conversion-137.2%D
Grade D: PoorFCF / Net Income · CapEx exceeds operating cash flow (150% of OCF) — reported FCF understates normalized earning power in this investment phase
Margin Stability6.8%A
Grade A: StableEBIT margin std deviation. Lower = stable
Capex / Revenue47.7%D
Grade D: HeavyTTM CapEx / TTM Revenue — high % = capital-hungry business
Asset Turnover0.18xD
Grade D: LowRevenue / Total Assets (Finnhub) — how efficiently the asset base generates sales
Insider Transactions
SEC Form 4 · 8 recordsP/S codes are the directional signal; grants, option exercises and tax withholding carry none. Form 4 doesn't flag 10b5-1 plans — scheduled sales may appear within open-market sells.
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Blankenship Elizabeth A Filed | Blankenship Elizabeth A | SellOpen market sale | -980 | |
Esparza Jose Luis Jr Filed | Esparza Jose Luis Jr | SellOpen market sale | -1800 | |
Flanagan Susan T. Filed | Flanagan Susan T. | Grant / award | +1.7K | |
Butler Ronald Jr Filed | Butler Ronald Jr | Grant / award | +1.7K | |
de la Melena Gonzalo A Jr Filed | de la Melena Gonzalo A Jr | Grant / award | +1.7K |
Show 3 more filingsShow fewer filings
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Svinicki Kristine L Filed | Svinicki Kristine L | Grant / award | +1.7K | |
EICHER CAROL S Filed | EICHER CAROL S | Grant / award | +1.7K | |
Sims Paula J Filed | Sims Paula J | Grant / award | +1.7K |
More metrics — Moat, Per Share, Balance Sheet, MarketHide additional metrics
Moat
31DROIC >12% Years0/9 yrsD
Grade D: WeakShare of completed fiscal years with ROIC > 12% — measures multi-year capital-return durability
Gross Margin (Med.)20.0%D
Grade D: WeakMedian annual gross margin across available fiscal years — pricing-power durability
FCF-Positive Years1/9 yrsD
Grade D: WeakShare of completed fiscal years with positive free cash flow
Net Margin Floor10.7%A
Grade A: DurableWeakest annual net margin across completed fiscal years — recession/downcycle resilience
Per Share
EPS (TTM)$5.28
Own TTM net income / shares — same earnings basis as P/E
Cash / Share$0.08
Cash & short-term investments per share (Finnhub)
Book Value / Share$58.05
Shareholders' equity per share (Finnhub). Negative = accumulated losses / heavy buybacks
Balance Sheet
Total Debt$16.51B
Total debt obligations (short + long term)
Cash & Equiv.$9.12M
Cash and short-term investments
Net Debt$16.50B
Total Debt minus Cash. Negative = Net Cash position
Total Equity$7.08B
Shareholders' equity (book value)
Asset / Liability1.28xC
Grade C: AdequateTotal Assets / Total Liabilities
Market
Market Cap$12.53B
Current Market Capitalization
Beta0.51B
Grade B: DefensivePrice sensitivity vs the market (Finnhub) — 1.0 moves with market, >1.2 amplifies swings
How grades work: each metric is graded A–D against fixed thresholds (tap a row for the meaning). Card grades map the pillar score to A+–E — a card grade is that pillar's own score, not an average of the rows shown.
Financials as of Jun 2026 · Ratio snapshot Oct 17, 2026
Key Insights: Pinnacle West Capital Corporation (PNW)
PNW is up 1.81% at the last close. Piotroski F-Score of 4/9 indicates mixed fundamentals for Pinnacle West Capital Corporation. Altman Z-Score of 0.54 is below the 1.81 distress threshold — an elevated financial-risk flag. Beneish M-Score of -2.61 suggests a low likelihood of earnings manipulation. Free-cash-flow margin is negative (-16%) — the business currently burns cash.
- Company has negative FCF, making debt repayment from operations difficult.
- Interest coverage of 0.8× leaves little room for earnings shocks.
- At a valuation score of 25/100, PNW trades at a premium to its historical multiples (P/E 19.6).
- The stock currently yields 3.5% in dividends.
See how PNW ranks on the Capex Tracker — top 50 capital spenders compared.
Recent Market Moves
See all PNW moves →| Date | Session | Price | Move | Z-Score |
|---|---|---|---|---|
| Oct 6 | After-hours | 98.04 | +2.17% | 2.26 |
| Oct 2 | Regular | 96.28 | +1.74% | 2.01 |
| Sep 29 | Regular | 93.35 | +2.22% | 4.03 |
| Sep 23 | Regular | 91.75 | -1.51% | -2.06 |
Frequently Asked Questions about PNW
What is the current Pinnacle West Capital Corporation (PNW) stock price?
PNW is trading at $103.42 at the last market close, up 1.81% on the session. PreMarketPrice tracks PNW pre-market, intraday and after-hours prices.
Is PNW stock a buy right now?
PreMarketPrice's quantitative model rates Pinnacle West Capital Corporation's financial health at 6/100. This is a data-driven snapshot of fundamentals, not investment advice.
Is PNW stock overvalued?
Pinnacle West Capital Corporation trades at a trailing P/E of 19.6 and our valuation score rates it 25/100 (higher = cheaper vs. its own history). See the Valuation History and Key Metrics sections for forward P/E, EV/EBITDA and PEG context.
When does Pinnacle West Capital Corporation report earnings?
No confirmed earnings date is currently scheduled for PNW. The Earnings section lists recent reports and updates as dates are announced.
What sector does Pinnacle West Capital Corporation operate in?
Pinnacle West Capital Corporation operates in the Utilities sector, within the Electric Services industry. The Related Stocks section lists sector peers for comparison.
What does Pinnacle West Capital Corporation do?
Pinnacle West is a holding company whose principal subsidiary is Arizona Public Service, a vertically integrated electric utility serving approximately 1.
About Pinnacle West Capital Corporation (PNW) Stock
Pinnacle West Capital Corporation (PNW) is a US-listed stock operating in the Utilities sector, specifically the Electric Services industry. As of the latest update, Pinnacle West Capital Corporation is trading at $103.42, up 1.81% on the day with a market capitalization of $12.5 billion. The financial health score for PNW is 6/100, which indicates poor financial strength based on profitability, leverage, liquidity, and growth metrics. This page provides real-time pre-market pricing, earnings calendar, financial health analysis, and valuation metrics for PNW stock.
PNW Stock Analysis & Key Metrics
On PreMarketPrice, you can track Pinnacle West Capital Corporation (PNW) across multiple dimensions:
- Pre-market price & movement: Real-time PNW stock price with percentage change, updated continuously during pre-market and regular trading hours.
- Valuation & P/E history: Historical P/E, P/S, and P/B ratios for PNW with trend analysis and normalized valuation multiples.
- Financial statements: Revenue, net income, assets, liabilities, and equity for Pinnacle West Capital Corporation across multiple reporting periods.
- Financial health score: A composite score of 6/100 based on Altman Z-Score, Piotroski F-Score, profitability, and leverage metrics for PNW.
- Sector peers: Compare PNW against 6 other utilities stocks on key financial metrics.
Is PNW a Good Stock to Buy?
This page provides data-driven analysis to help you evaluate Pinnacle West Capital Corporation (PNW) as an investment. The financial health score of 6/100 suggests poor financial fundamentals. Valuation metrics show whether the stock is trading above or below its historical average.However, this is not financial advice — always do your own research before investing.
Data on this page is sourced from real-time market feeds, Polygon.io, and Finnhub.Pinnacle West Capital Corporation (PNW) trades on NYSE/NASDAQ. Pre-market trading occurs 4:00 AM – 9:30 AM ET. Regular market hours are 9:30 AM – 4:00 PM ET.