PNW
Pinnacle West Capital
PE ratio, current and historical analysis
The current PE ratio for Pinnacle West Capital stock as of Jun 29, 2026 is 19.79. This is calculated based on the current EPS of $5.45 and the stock price of $107.86 per share. The P/E ratio has an increase of 10% from the past four quarters average of 18.0.
PNW PE ratio history
The average historical PE ratio of Pinnacle West Capital for the last ten years is 17.46. The current PE ratio of 19.79 is 13% above 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.
Pinnacle West Capital PE ratio by year
Maximum annual increase: 38.28% in 2022
Maximum annual decrease: -21.22% in 2021
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 17.22 | 8.71% | $88.7 | $5.15 |
| 2024 | 15.84 | -2.52% | $84.77 | $5.35 |
| 2023 | 16.25 | -8.76% | $71.84 | $4.42 |
| 2022 | 17.81 | 38.28% | $76.04 | $4.27 |
| 2021 | 12.88 | -21.22% | $70.59 | $5.48 |
| 2020 | 16.35 | -12.89% | $79.95 | $4.89 |
| 2019 | 18.77 | 0.48% | $89.93 | $4.79 |
| 2018 | 18.68 | -4.16% | $85.2 | $4.56 |
| 2017 | 19.49 | -0.81% | $85.18 | $4.37 |
| 2016 | 19.65 | 20.04% | $78.03 | $3.97 |
| 2015 | 16.37 | -13.98% | $64.48 | $3.94 |
| 2014 | 19.03 | 32.71% | $68.31 | $3.59 |
| 2013 | 14.34 | -2.12% | $52.92 | $3.69 |
| 2012 | 14.65 | -5.42% | $50.98 | $3.48 |
| 2011 | 15.49 | 22.55% | $48.18 | $3.11 |
Pinnacle West Capital PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | 18.49 | 7.38% | $100.75 | $5.45 |
| Dec 2025 | 17.22 | -4.91% | $88.7 | $5.15 |
| Sep 2025 | 18.11 | 0.61% | $89.66 | $4.95 |
| Jun 2025 | 18 | -2.7% | $89.47 | $4.97 |
| Mar 2025 | 18.5 | 16.79% | $95.25 | $5.15 |
| Dec 2024 | 15.84 | -3.3% | $84.77 | $5.35 |
| Sep 2024 | 16.38 | 16.92% | $88.59 | $5.41 |
| Jun 2024 | 14.01 | -13.78% | $76.38 | $5.45 |
| Mar 2024 | 16.25 | 0% | $74.73 | $4.6 |
| Dec 2023 | 16.25 | -7.35% | $71.84 | $4.42 |
| Sep 2023 | 17.54 | -23.14% | $73.68 | $4.2 |
| Jun 2023 | 22.82 | 17.51% | $81.46 | $3.57 |
| Mar 2023 | 19.42 | 9.04% | $79.24 | $4.08 |
| Dec 2022 | 17.81 | 30.29% | $76.04 | $4.27 |
| Sep 2022 | 13.67 | -9.35% | $64.51 | $4.72 |
PNW Price vs fair value
PNW average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
PNW's current P/E ratio is above the 3, 5 and 10-year historical averages.
PE comparison
Pinnacle West Capital's P/E of 19.79 is below the Utilities sector, the industry and its peers average. But compared to its Utilities sector average of 20.4, Pinnacle West Capital's P/E is only 3% lower.
PNW PE vs peers
Compared to its peers XEL and IDA, PNW's PE ratio stands lower, however it is higher than EIX's and AVA's. Pinnacle West Capital's current PE ratio of 19.79 is comparable to the average of its peer group, which is 19.92.
| Stock name | PE ratio | Market cap |
|---|---|---|
| EIX Edison International | 8.18 | $29.04B |
| AVA Avista Corp | 16.44 | $3.41B |
| PNW Pinnacle West Capital Corp | 19.79 | $13.07B |
| XEL Xcel Energy Inc | 23.49 | $51.18B |
| IDA Idacorp Inc | 24.95 | $8.43B |
| NWE Northwestern Corp | 26.56 | $4.46B |
Frequently asked questions
What is Pinnacle West Capital's PE ratio?
As of Jun 29, 2026, PNW stock has a price to earnings ratio of 19.79.
What is the 3-year average PE ratio for Pinnacle West Capital (PNW)?
Over the last 3 years, the average price to earnings ratio for PNW stock is 16.96.
What is the 5-year average PE ratio for Pinnacle West Capital (PNW)?
Over the last 5 years, the average price to earnings ratio for PNW stock is 16.7.
What is the highest PE ratio for PNW?
Over the last ten years, the quarterly PE ratio reached a historic high of 22.82 in the Jun 2023 quarter.
How does the current PE ratio for PNW compare to its historical average?
The current price to earnings ratio of PNW is 13% higher than the 10-year historical average.
How is PNW's PE ratio calculated (Pinnacle West Capital PE ratio formula)?
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 (Jun 29, 2026), Pinnacle West Capital's stock price is $107.86. The earnings per share for the trailing twelve months (TTM) ending Mar 2026 is $5.45. Therefore, Pinnacle West Capital's P/E ratio for today is 19.79. PE RATIO(19.79) = STOCK PRICE($107.86) / TTM EPS($5.45)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.