PCG

PG&E
D

PCG

Arincen50/100B

If you had invested in PG&E ago, it would be worth $228 today, against $4,128 in SPY and $6,186 in QQQ.

ArincenArincen ScoreBeta

50/100

Six parts of the company, five checks each, from its own reported figures. A part scores the checks it passes out of 10; the score is their average out of 100.

Profitability6

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Cash0

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Valuation7.5

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Growth10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Financial strength2.5

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Shareholders4

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Figures to FY2025; the price as of today.

PG&E key facts

Style
Value stock · 6.3/10Growth 4.1 · Value 6.3 · Dividend 4.1
Day range
12.870 – 13.165
52-week range
11.770 – 19.160
Market capitalization
34.77B USD
P/E
9.61
PEG ratio
0.66
EPS
1.35
Div Yield
1.54%
EPS growth forecast (FY2026)
+9.9%
Volume
396,073
Beta
0.28
Sector
Utilities
Industry
Regulated Electric
CEO
Patricia Kessler Poppe
Employees
29K
IPO date
1 Jun 1972

PG&E earnings

Next earnings · Q4 FY2026
EPS estimate
0.40 USD
Revenue estimate
6.90B USD
Last quarter · Q3 FY2026
EPS0.41Missed -0.8%Revenue6.19BMissed -9.3%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q3 FY20280.55———6.19B———
Q2 FY20280.45———6.19B———
Q1 FY20280.48———6.19B———
Q4 FY20260.40——+11.11%6.90B——+1.46%
Q3 FY20260.410.41-0.80%-18.00%6.82B6.19B-9.29%-0.99%
Q2 FY20260.360.40+11.64%+29.03%6.20B5.90B-4.87%+0.07%
Q1 FY20260.400.43+8.01%+30.30%6.26B6.88B+9.95%+15.01%
Q4 FY20250.360.36-1.13%+16.13%7.05B6.80B-3.52%+2.61%
Q3 FY20250.420.50+17.90%+35.14%6.41B6.25B-2.51%+5.20%
Q2 FY20250.320.31-1.87%0.00%6.24B5.90B-5.46%-1.47%

PG&E analyst forecast

12-month price target
17.55 USD
+35.26%

Analysts' 1-year price targets range from 13.00 to 22.00, with an average of 17.55.

Past year
1-year forecast
Strong sellStrong buy
Hold
10 ratings
Strong buy
0
Buy
2
Hold
8
Sell
0
Strong sell
0

12-month price target

Highest target22.00
Average target17.55
Lowest target13.00
Current price12.98

PG&E valuation

Price to earnings ratio (TTM)
9.61
Forward P/E (FY2026)
7.87
Price to sales (TTM)
1.35
Price to book
1.01
EV / EBITDA (TTM)
9.01

Capital structure

Market capitalization
34.77B USD
+
Total debt
65.48B USD
−
Cash and short-term investments
902.00M USD
=
Enterprise value
99.35B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2028 (est.)6.59————
FY2027 (est.)7.206.59———
FY2026 (est.)7.877.20———
Now (TTM)9.617.291.351.019.01
FY202513.629.761.421.089.19
FY202417.4011.041.771.4310.13
FY202316.5411.041.521.4912.01
FY202217.8711.041.491.4212.65
FY2021-242.8011.041.171.1511.16

PG&E against its own history

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: Public Service Enterprise Group, WEC Energy Group, Ameren, Consolidated Edison, DTE Energy, and Entergy Louisiana, LLC COLLATERAL TR MT, the US Regulated Electric companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • P/E (today)Below its median9.6
    8.716.4
  • Gross marginAbove its median19.6%
    10.4%37.5%
    Against its peers: 7 of 7Peers' median 64.4%
  • Operating marginHighest in 5 years19.6%
    10.4%19.6%
    Against its peers: 5 of 7Peers' median 23.6%
  • Net marginHighest in 5 years10.8%
    -0.4%10.8%
    Against its peers: 6 of 7Peers' median 14.7%
  • Return on equityAt its median8.3%
    -0.4%9.0%
    Against its peers: 7 of 7Peers' median 11.1%
  • Free cash flow marginAbove its median-12.3%
    -27.0%-9.6%
    Against its peers: 6 of 7Peers' median -7.8%
  • Revenue growthBelow its median2.1%
    -0.0%12.7%
    Against its peers: 7 of 7Peers' median 14.7%
  • EPS growthLowest in 5 years2.6%
    2.6%25.0%
    Against its peers: 6 of 7Peers' median 13.3%
  • Debt to EBITDABelow its median5.88×
    5.87×7.96×
    Against its peers: 6 of 7Peers' median 4.97×
  • Current ratioAbove its median0.97
    0.641.05
    Against its peers: 2 of 6Peers' median 0.80

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

PG&E growth and profitability

Revenue (TTM)
25.78B USD
Net income (TTM)
3.09B USD
Gross margin
66.87%
Operating margin
20.20%
Net margin
12.00%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY202524.94B+2.11%2.70B+7.60%19.59%19.59%10.84%10.44B+5.05%
FY202424.42B-0.04%2.51B+11.35%37.50%18.26%10.29%9.94B+26.50%
FY202324.43B+12.68%2.26B+24.37%16.38%16.38%9.24%7.85B+16.77%
FY202221.68B+5.03%1.81B—12.37%12.37%8.37%6.73B+7.29%
FY202120.64B+11.77%-88.00M—10.37%10.37%-0.43%6.27B+49.30%

PG&E revenue breakdown

By product

FY2025
Electricity: 73.0%Natural Gas, US Regulated: 27.0%73.0%Electricity27.0%Natural Gas, US Regulated
SegmentRevenueShare of revenueChange on the year
Electricity18.32B73.0%-1.7%
Natural Gas, US Regulated6.76B27.0%+2.3%

How PG&E makes its money

Electricity18.32B 73.5%
Natural Gas, US Regulated6.76B 27.1%
Revenue24.94B 100.0%
Cost of revenue20.05B 80.4%
Gross profit4.88B 19.6%
Operating income4.88B 19.6%
Other expense2.46B 9.9%
Net income2.70B 10.8%

FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.

PG&E dividends

Annual dividend
0.20 USD
Dividend yield (indicated)
1.54%
Payout ratio
14.81%
Years of dividend growth
3
Frequency
Quarterly
Last payment
0.05 USD
Last ex-dividend date
30 Sept 2026
Last payment date
15 Oct 2026

Dividends per share

Year2025202420172016201520142013201220112010
Dividends per share0.100.042.041.891.821.821.821.821.821.79

PG&E financial health

Cash and short-term investments
902.00M USD
Total debt
65.48B USD
Net cash
-64.58B USD
Free cash flow (TTM)
-4.98B USD
Current ratio
1.03
Debt to equity
1.89
Piotroski score
6 / 9
Altman Z-score
0.52

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY2025713.00M61.34B-3.07B
FY2024940.00M58.34B-2.33B
FY2023635.00M57.73B-4.97B
FY2022734.00M53.54B-5.86B
FY2021291.00M46.17B-5.43B

PG&E ownership

Institutions
98.61%
Institutional holders
1,009 (+36)
Free float
81.90%

Who owns the shares

Institutions 98.6% Others 1.4%
As of 30 Jun 2026

Shares free to trade

Free float 2.19B shares ·81.9% Closely held 485.05M shares ·18.1%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

QuarterPurchasesSalesShares acquiredShares disposed of
Q4 202600586.271.03K
Q3 20261322.83K171.09K
Q2 202603162.95K120.98K
Q1 2026063.02M1.88M

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY20252.20B2.20B+2.56%
FY20242.14B2.15B+0.42%
FY20232.06B2.14B+0.28%
FY20221.99B2.13B+7.41%
FY20211.99B1.99B+57.92%

Source: Financial Modeling Prep

Related Instruments

Title: PG&E Corp

Sector: Utilities
Industry: Regulated Electric
PG&E is a holding company whose main subsidiary is Pacific Gas and Electric, a regulated utility operating in Central and Northern California that serves 5.7 million electricity customers and 4.6 million gas customers in 47 of the state's 58 counties. PG&E operated under bankruptcy court supervision in 2001-04 during California's energy crisis and in 2019-20 due to wildfire losses. In 2004, PG&E sold its unregulated assets as part of its first postbankruptcy reorganization.

Common questions about PG&E stock

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