NYSE · PNW
Pinnacle West Capital Corporation
Utilities · Regulated Electric
$93.11▼ 0.31% ($0.29)at close
After hours$93.04▼ 0.08%5:50 PM ET
Market cap
$11.28B
P/E
18.11
EPS (TTM)
$5.14
Next earnings
Nov 2, 2026
Valuation
Revenue & margin DCF
Verdict: cheap. Price below all scenarios.
The price holds with revenue shrinking 1.7% a year for 10 years. Our scenarios assume 3.8–6.5%.
That's below its past 4-year pace of 8.9%.
Value per share
Base case
$238.17
Price used $93.11 is 61% below this
USD · TTM ending Jun 30, 2026 · Price Sep 30, 7:59 PM UTC
The discount rate uses the model's minimum bound. Limited beta or capital-structure data may affect this estimate.
Revenue each value needs
Revenue today $5.6B. The price needs $4.7B by 2036. Base case: $9.3B. At its recent pace: $13B. Bear to Bull: $8B to $10.5B.
Revenue today $5.6B. The price needs $4.7B by 2036. Base case: $9.3B. At its recent pace: $13B. Bear to Bull: $8B to $10.5B.
Revenue in 2036
today $5.6B
−$4.6Bless than the Base case
Value per share · Base case
$238.17
Price $93.11
61% below this
- 10-yr revenue CAGR
- 5.2%
- Ending operating margin
- 30.0%
- Discount rate
- 5.8%
The discount rate uses the model's minimum bound. Limited beta or capital-structure data may affect this estimate.
USD · TTM ending Jun 30, 2026 · Price Sep 30, 7:59 PM UTC
What each scenario assumes. Click a column to start from it.
Price vs Fundamentals
Why The Stock Is Moving
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
What changed
The stock rose 3.77% over the last year. Revenue grew 5.69% over the trailing twelve months. Operating margin moved from 18.96% to 27.03%. Free cash flow declined 10.71% over the trailing twelve months.
What the market seems to be pricing
The stock has moved higher against modestly improving underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at 27.03%. A decisive move in revenue — currently up 5.69% — would be the clearest signal to resolve the ambiguity.
Return analysis
Company profile
Pinnacle West Capital Corporation (PNW), primarily operating through its Arizona Public Service Company (APS) subsidiary, delivers retail and wholesale electricity services predominantly within Arizona.
Market multiples
Stock splits
Every 1 shares became 10
Profitability & growth
Analyst consensus
7
Buy
17
Hold
1
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Nov 2, 2026
Q3 FY26 · EPS est $3.14 · Revenue est $1.84B
View
Institutional Sentiment
Pinnacle West Capital Corporation · PNW
From Form 13F filings (managers with $100M+). Filings land up to 45 days after quarter end — read this as positioning context, not live fund flow.