Pricing Log in Create free account
Saturday 17 October 2026 Export PNW’s income statement to Excel — free account

Pinnacle West Capital Corporation

PNW Utilities Utilities Regulated Electric

Pinnacle West Capital Corporation’s revenue for fiscal 2025 (year ended December 2025) was $5.3 billion, up 4.20% from fiscal 2024. In the quarter to June 2026, revenue grew 7.14%, EPS fell 8.70%, free cash flow grew 36.8% and total debt rose 10.8%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, revenue growth for five.

103.57 1.99 +1.96%
Market cap
$12.3B
P/E
19.5×
Fwd P/E
21.9×
Dividend yield
3.51%
F-score
3/9
Altman Z
0.69
Beneish M
−2.46
Dividend safety
40/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Pinnacle West Capital Corporation (PNW) P/B ratio

Alert me on P/B ratio

As of 16 October 2026, Pinnacle West Capital Corporation (PNW) trades at a P/B ratio of 1.8×. Over the past ten years it has ranged from 1.1× (October 2022) to 2.1× (February 2020); the current reading is higher than 79% of that period. That is in line with the Utilities Regulated Electric industry median of 1.8× and above the Utilities sector median of 1.6×.

P/B ratio, daily

Embed this chart

Annual newest first

Period P/B ratio Change
FY2025 1.5× 6.44%
FY2024 1.4× 6.50%
FY2023 1.3× (3.65%)
FY2022 1.4× 3.60%
FY2021 1.3× (15.46%)
FY2020 1.6× (14.01%)
FY2019 1.8× 1.95%
FY2018 1.8× (2.23%)
FY2017 1.8× 4.68%
FY2016 1.7× 15.05%

Quarterly newest first

Period P/B ratio Change
Jun 2026 1.8× 6.69%
Mar 2026 1.7× 14.79%
Dec 2025 1.5× 0.72%
Sep 2025 1.5× (5.03%)
42 more quarters

Against its own ten years

Low 1.1× High 2.1×
Ten-year median 1.6×
Current reading's percentile 77

P/B ratio against peers

Company P/B ratio
KEP Korea Electric Power Corporation compare 0.4×
EIX Edison International compare 1.1×
PNW Pinnacle West Capital Corporation 1.8×
TXNM TXNM Energy, Inc. compare 1.8×
EVRG Evergy Inc. compare 1.9×
OGE OGE Energy Corporation compare 2.0×
IDA IDACORP, Inc. compare 2.0×
CMS CMS Energy Corporation compare 2.1×
LNT Alliant Energy Corporation compare 2.3×
Utilities Regulated Electric industry median 1.8×
Utilities sector median 1.6×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

More on PNW