PG&E Corp (PCG)
Utilities · Multi-Utilities · US stock · S&P 500 component
$13.09
▲ +0.13 (1.00%)
Fair valueData under review
$2
$1fair band $1–$2$2
Day's range
$12.92 – $13.25
52-week range
$11.72 – $18.97
About PG&E Corp
As the holding company for Pacific Gas and Electric Company, PG&E sits above a regulated utility that delivers electricity and natural gas across northern and central California. It owns power lines, substations, gas pipelines and storage facilities, along with some generation. Customers are households, businesses and public agencies. Rates and spending plans are set by the California Public Utilities Commission, and the company is organised around its electric and gas utility operations.
PG&E earns its revenue mainly from regulated customer rates that cover its operating costs and an allowed return on its investment in the network. Revenue was $25.8 billion over the last twelve months and has grown at 4.8% a year across the last three years. The operating margin is 20.0%, the business earns 5% on the capital invested in it, and net debt is 12.2 times EBITDA. The dividend yield is 1.5%. On the site's X-Ray Score it receives 32 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $11.72 – $18.97Volume 21,782,400Daily, split-adjusted
Vitals
Market cap$29.9B
52-week range$11.72 – $18.97
Volume (last day)21,782,400
P/E (TTM)64.0
EBIT / EV yield5.5%
Free-cash-flow yield-14.3%
Dividend yield1.5%
Revenue (TTM)$25.8B
Net income (TTM)$463M
Operating margin20.0%
Return on capital4.8%
Debt incl. leases$64.2B
Cash & securities$972M
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$2model spread $2 – $2
Data under review
+0.0% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is High, so the safety margin is 40%.
Multiples use through-the-cycle earnings (0.30x of the last twelve months)
Peak-cycle earnings: the current operating margin is more than 1.5x its 7-year average, so the fair value range is widened
Price $13
Undervalued < $1Fair $1 – $2Overvalued > $2
10-year DCF (market-scaled)
$-6
Peer multiples
$1
Earnings power floor (not blended)
$-11
Fundamentals-adjusted multiple
$2
Growth the price implies
13.3%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Read the lenses below
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Utilities peers. Open a lens to see the numbers behind it.
Valuation
Weak
27/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield5.5%
Free-cash-flow yield-14.3%
Fair value vs price0.1×
Growth
Weak
47/100
Growing slower than most of its sector.
See the numbers →
Revenue growth (3y)4.8%
EPS growth (3y)12.0%
Growth consistency70%
Profitability
Weak
40/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital4.8%
Operating margin20.0%
Financial health
Weak
21/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score4 / 9
Net debt / EBITDA12.2×
Interest cover1.7×
Dividends
Weak
11/100
Dividend is modest or less certain than peers.
See the numbers →
Dividend yield1.5%
Quarterly results: last 6 quarters
+2.1%
Mar '25
-1.5%
Jun '25
+5.2%
Sep '25
+2.6%
Dec '25
+15.0%
Mar '26
+0.1%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $5.9B, diluted EPS $0.33.
Compare with peers
ED Consolidated Edison In...69 AEE Ameren Corp58 NI Nisource Inc.55 DTB Dte Energy Co55Other Multi-Utilities companies by X-Ray Score.
Fundamentals checklist
● 4 Good · ● 1 Average · ● 9 BadCash quality
Earnings backed by cashGood
Free-cash-flow yieldBad
Risk models
Altman Z''Bad
Piotroski F-ScoreBad
Growth
EPS growth (3y)Average
Revenue growth (3y)Good
Growth consistencyBad
Balance sheet
Current ratioGood
Net debt / EBITDABad
Interest coverBad
Valuation
Fair value vs priceBad
EBIT / EV yieldGood
Profitability
Return on invested capitalBad
Operating marginBad
Each check is graded against the company's sector, not a fixed number. Checklist score 41/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $20.6B | $21.7B | $24.4B | $24.4B | $24.9B |
| Operating income | $1.9B | $1.8B | $2.7B | $4.5B | $4.7B |
| Net income | −$102 | $1,800 | $2,242 | $2,475 | $2,593 |
| Operating cash flow | $2.3B | $3.7B | $4.7B | $8.0B | $8.7B |
| Operating margin | 9.1% | 8.5% | 10.9% | 18.3% | 19.0% |
| Free cash flow | −$5.4B | −$5.9B | −$5.0B | −$2.3B | −$3.1B |
| Diluted EPS | $-0.05 | $0.84 | $1.05 | $1.15 | $1.18 |
Fiscal years, from SEC filings.
Technical summary
Daily
Neutral
5 bullish · 4 neutral · 7 bearish
Weekly
Strongly bearish
0 bullish · 1 neutral · 11 bearish
Monthly
Strongly bearish
0 bullish · 1 neutral · 7 bearish
Moving averages (daily)
| SMA 10 | 12.91 | Bullish |
| EMA 10 | 12.95 | Bullish |
| SMA 20 | 12.63 | Bullish |
| EMA 20 | 13.03 | Bullish |
| SMA 50 | 14.51 | Bearish |
| EMA 50 | 14.07 | Bearish |
| SMA 100 | 15.74 | Bearish |
| EMA 100 | 15.08 | Bearish |
| SMA 200 | 16.28 | Bearish |
| EMA 200 | 15.71 | Bearish |
Oscillators (daily)
| RSI (14) | 47.18 | Neutral |
| MACD (12, 26) | -0.30 | Bearish |
| Momentum (12) | 6.86 | Bullish |
| Stochastic %K (14) | 69.52 | Neutral |
| Williams %R (14) | -30.48 | Neutral |
| CCI (20) | 83.15 | Neutral |
Pivot points (classic, last session)
S3 12.59 | S2 12.76 | S1 12.92 | Pivot 13.09 | R1 13.25 | R2 13.42 | R3 13.58 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
0.20 USD
Yield on today's price
1.53%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 30 Sep 2026 | 0.0500 |
| 30 Jun 2026 | 0.0500 |
| 31 Mar 2026 | 0.0500 |
| 31 Dec 2025 | 0.0500 |
| 30 Sep 2025 | 0.0250 |
| 30 Jun 2025 | 0.0250 |
| 31 Mar 2025 | 0.0250 |
| 31 Dec 2024 | 0.0250 |
| 30 Sep 2024 | 0.0100 |
| 28 Jun 2024 | 0.0100 |
| 27 Mar 2024 | 0.0100 |
| 28 Dec 2023 | 0.0100 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
PCG SEC filings
31 Aug 2026
8-KSEC EDGAR
Regulation FD disclosure
4 Aug 2026
8-KSEC EDGAR
Other events
23 Jul 2026
10-QSEC EDGAR
Quarterly report
23 Jul 2026
8-KSEC EDGAR
Results of operations; Regulation FD disclosure
23 Jun 2026
8-KSEC EDGAR
Entered a material agreement; Other events
3 Jun 2026
8-KSEC EDGAR
Other events
26 May 2026
8-KSEC EDGAR
Shareholder vote results
23 Apr 2026
10-QSEC EDGAR
Quarterly report
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.