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Friday 6 November 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.

Revenue
+8.35%
EPS
+4.27%
Free cash flow
−24.9%
Total debt
+9.05%

Quarter to September 2026, against a year earlier

104.12 0.29 +0.28%
Market cap
$12.6B
P/E
19.0×
Fwd P/E
22.0×
Dividend yield
3.52%
F-score
3/9
Altman Z
0.69
Beneish M
−2.46
Dividend safety
40/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Pinnacle West Capital Corporation (PNW) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, Pinnacle West Capital Corporation (PNW) trades at a P/B ratio of 1.7×. Over the past ten years it has ranged from 1.1× (October 2022) to 2.1× (February 2020); the current reading is higher than 63% of that period. That is below the Utilities Regulated Electric industry median of 1.8× and in line with the Utilities sector median of 1.7×.

P/B ratio, daily

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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
Sep 2026 1.5× (18.20%)
Jun 2026 1.8× 6.69%
Mar 2026 1.7× 14.79%
Dec 2025 1.5× 0.72%
43 more quarters

Against its own ten years

Low 1.1× High 2.1×
Ten-year median 1.6×
Current reading's percentile 60

P/B ratio against peers

Company P/B ratio
KEP Korea Electric Power Corporation compare 0.4×
EIX Edison International compare 1.2×
PNW Pinnacle West Capital Corporation 1.7×
TXNM TXNM Energy, Inc. compare 1.7×
EVRG Evergy Inc. compare 1.8×
OGE OGE Energy Corporation compare 2.0×
IDA IDACORP, Inc. compare 2.1×
CMS CMS Energy Corporation compare 2.2×
LNT Alliant Energy Corporation compare 2.4×
Utilities Regulated Electric industry median 1.8×
Utilities sector median 1.7×
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 →

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