Is Pinnacle West Capital (PNW) overvalued or fairly valued?

MarketChacha shows Pinnacle West Capital's valuation in context — a trailing P/E of about 15.5, a forward P/E of about 18.5, a price-to-book of about 1.8 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Pinnacle West Capital's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (2.60×) from reported figures — education, not a rating.

What is Pinnacle West Capital's revenue?

Pinnacle West Capital reported revenue of $5.3B for FY2025, with net profit of $631.6M, per official filings.

What is the share price of Pinnacle West Capital (PNW)?

Pinnacle West Capital last traded at $103.09 (+1.9% on the day), as of 10/20/2026 — a delayed quote shown for education, not investment advice.

Pinnacle West Capital

PNW · NYSE · Utilities · United States

Snapshot

TickerPNW

ExchangeNYSE

SectorUtilities

IndustryUtilities - Regulated Electric

CountryUnited States

Employees6,610

HeadquartersPhoenix, United States

Websitewww.pinnaclewest.com

Filings tracked25

About Pinnacle West Capital

Pinnacle West Capital Corporation, through its subsidiary, provides retail and wholesale electric services in the state of Arizona. The company engages in the generation, transmission, and distribution of electricity using nuclear, gas, oil, coal, and solar generating facilities. Its transmission facilities include overhead lines and underground lines; and distribution facilities consist of overhead lines and underground primary cables. The company also owns and maintains substations, including transmission and distribution yards; and owns energy storage facilities. Pinnacle West Capital Corporation was incorporated in 1985 and is headquartered in Phoenix, Arizona.

Who owns it

Insiders0.2%
Institutions99.8%
Public & other0.0%

946 institutional holders

Ownership breakdown from public market data.

Top holders

Capital Research Global Investors13.61%
Blackrock Inc.9.72%
Vanguard Capital Management LLC6.52%
State Street Corporation5.79%
Barrow, Hanley Mewhinney & Strauss, LLC5.43%
Vanguard Portfolio Management LLC4.94%
ATLAS Infrastructure Partners (UK) Ltd.4.40%
Invesco Ltd.3.44%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Cash conversion2.60×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend11.0% → 11.8%

Margin has held broadly steady over the period — stable profitability.

Growth qualityrev 7% · PAT 10%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $1.2B · EPS -0.24

Est. earnings growth -220.2%

Next fiscal year

Rev $5.9B · EPS 5.65

Est. earnings growth +16.5%

Analyst consensus estimates — not the company's own guidance.

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P/E ROE ROCE Margins Market cap

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$5.3B

Net margin

11.8%

ROE

9.0%

Revenue CAGR (2y)

+6.6%

Profit CAGR (2y)

+10.3%

EPS (FY2025)

5.05

Net profit (FY2025)

$631.6M

Ask MarketChacha about PNW

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$5.3B	$631.6M	5.05	11.8%	9.0%
FY2024	$5.1B	$626.0M	5.24	12.2%	9.3%
FY2023	$4.7B	$518.8M	4.41	11.0%	8.4%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$1.5B	$180.8M	1.43	12.4%
2026Q1	$1.1B	$35.1M	0.27	3.1%
2025Q3	$1.8B	$417.5M	3.39	22.9%
2025Q2	$1.4B	$196.9M	1.58	14.5%
2025Q1	$1.0B	$-338,000	-0.04	-0.0%
2024Q3	$1.8B	$399.3M	3.37	22.6%
2024Q2	$1.3B	$208.1M	1.76	15.9%
2024Q1	$951.7M	$21.2M	0.15	2.2%
2023Q3	$1.6B	$402.5M	3.50	24.6%
2023Q2	$1.1B	$111.0M	0.94	9.9%
2023Q1	$945.0M	$1.0M	-0.03	0.1%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Reg FD disclosure, Exhibits
SEC9/4/2026material
8-K — Exhibits
SEC8/13/2026material
8-K — Reg FD disclosure, Exhibits
SEC8/7/2026material
8-K — Material agreement, Exhibits
SEC8/4/2026material
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC8/4/2026material
10-Q filing
SEC8/4/2026
8-K — Executive/director change, Exhibits
SEC6/29/2026material
8-K — Reg FD disclosure, Exhibits
SEC6/8/2026material
8-K — Exhibits
SEC6/5/2026material
8-K — Other events, Exhibits
SEC6/5/2026material
8-K — Shareholder vote results
SEC5/19/2026material
8-K — Reg FD disclosure, Exhibits
SEC5/6/2026material
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC5/4/2026material
10-Q filing
SEC5/4/2026
8-K — Reg FD disclosure, Exhibits
SEC4/15/2026material
8-K — Exhibits
SEC3/12/2026material
8-K — Reg FD disclosure, Exhibits
SEC2/27/2026material
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC2/25/2026material
10-K filing
SEC2/25/2026
8-K — Material agreement, Material financial obligation, Executive/director change, Exhibits
SEC2/19/2026material

2025

8-K — Reg FD disclosure, Exhibits
SEC11/7/2025material
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC11/3/2025material
10-Q filing
SEC11/3/2025
8-K — Reg FD disclosure, Exhibits
SEC10/14/2025material
8-K — Material agreement, Exhibits
SEC9/2/2025material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.