The current PE ratio for Pinnacle West Capital stock as of May 2, 2024 is 16.31. This is calculated based on the current EPS of $4.6 and the stock price of $75.04 per share. The P/E ratio has a decrease of 10% from the past four quarters average of 18.2.
The average historical PE ratio of Pinnacle West Capital for the last ten years is 17.56. The current PE ratio of 16.31 is 7% below the historical average. Over the past ten years, PNW's PE ratio was at its highest in the Jun 2023 quarter at 22.82, when the stock price was $81.46 and the EPS was $3.57. The lowest value was in the Dec 2021 quarter, when it reached 12.88 with a price of $70.59 and an EPS of $5.48.
Maximum annual increase: 38.28% in 2022
Maximum annual decrease: -21.22% in 2021
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 16.25 | -8.76% |
| 2022 | 17.81 | 38.28% |
| 2021 | 12.88 | -21.22% |
| 2020 | 16.35 | -12.89% |
| 2019 | 18.77 | 0.48% |
| 2018 | 18.68 | -4.16% |
| 2017 | 19.49 | -0.81% |
| 2016 | 19.65 | 20.04% |
| 2015 | 16.37 | -13.98% |
| 2014 | 19.03 | 32.71% |
PNW's current P/E ratio is below the 3, 5 and 10-year averages.
Compared to its peers EIX and IDA, PNW's PE ratio stands lower, however it is higher than XEL's and NWE's. Pinnacle West Capital's PE ratio is trading below the peer group average of 19.47.
| Stock name | PE ratio | Market cap |
|---|---|---|
| AVA Avista Corp | 15.2 | $2.88B |
| NWE Northwestern Corp | 15.79 | $3.13B |
| XEL Xcel Energy Inc | 16.15 | $29.89B |
| PNW Pinnacle West Capital Corp | 16.31 | $8.52B |
| IDA Idacorp Inc | 19.07 | $4.83B |
| EIX Edison International | 31.7 | $27.69B |
| PNM Pnm Resources Inc | 36.97 | $3.4B |
As of May 2, 2024, PNW stock has a price to earnings ratio of 16.31.
Over the last 3 years, the average price to earnings ratio for PNW stock is 16.39.
Over the last 5 years, the average price to earnings ratio for PNW stock is 16.68.
Over the last ten years, the quarterly PE ratio reached a historic high of 22.82 in the Jun 2023 quarter.
The current price to earnings ratio of PNW is 7% lower than the 10-year historical average.
The PE ratio is calculated by taking the latest stock price and dividing it by the EPS for the last 12 months. As of today (May 2, 2024), Pinnacle West Capital's stock price is $75.04. The earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $4.6. Therefore, Pinnacle West Capital's P/E ratio for today is 16.31. PE RATIO(16.31) = STOCK PRICE($75.04) / TTM EPS($4.6)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.