PG&E Corporation (PCG) Financial Ratios
30 years of historical data (1996–2025) · Utilities · Regulated Electric
EV/EBITDA
↓
9.79
↓-13% vs avg
5yr avg: 11.28
30Y Low1.4·High12.5
P/FCF
N/A
—
5yr avg: N/A
30Y Low2.9·High68.4
P/B Ratio
↓
1.10
↓-18% vs avg
5yr avg: 1.33
30Y Low0.7·High2.6
ROE
↑
8.6%
↓+23% vs avg
5yr avg: 6.9%
30Y Low-84%·High70%
Debt/EBITDA
↓
6.21
↓-11% vs avg
5yr avg: 6.97
30Y Low0.8·High7.6
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
PCG Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
PG&E Corporation trades at 13.8x earnings, 18% below its 5-year average of 16.9x, sitting at the 22nd percentile of its historical range. Compared to the Utilities sector median P/E of 20.1x, the stock trades at a discount of 31%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $36.0B | $35.4B | $43.3B | $38.5B | $34.7B | $24.1B | $15.7B | $5.7B | $12.3B | $23.0B | $30.4B |
| Enterprise Value | $96.6B | $96.0B | $100.7B | $95.6B | $87.5B | $70.0B | $57.8B | $8.0B | $32.6B | $41.7B | $48.7B |
| P/E Ratio → | 13.84 | 13.62 | 17.55 | 17.17 | 19.36 | — | — | — | — | 13.97 | 21.86 |
| P/S Ratio | 1.44 | 1.42 | 1.77 | 1.58 | 1.60 | 1.17 | 0.85 | 0.34 | 0.73 | 1.34 | 1.72 |
| P/B Ratio | 1.10 | 1.08 | 1.43 | 1.52 | 1.50 | 1.14 | 0.74 | 1.07 | 0.95 | 1.18 | 1.67 |
| P/FCF | — | — | — | — | — | — | — | — | — | 68.45 | — |
| P/OCF | 4.13 | 4.06 | 5.39 | 8.12 | 9.32 | 10.65 | — | 1.19 | 2.58 | 3.85 | 6.91 |
P/E links to full P/E history page with 30-year chart
PCG EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
PG&E Corporation's enterprise value stands at 9.8x EBITDA, 13% below its 5-year average of 11.3x. The Utilities sector median is 11.4x, placing the stock at a 14% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.85 | 4.13 | 3.92 | 4.03 | 3.39 | 3.13 | 0.46 | 1.95 | 2.43 | 2.76 |
| EV / EBITDA | 9.79 | 9.73 | 11.15 | 11.51 | 12.47 | 11.55 | 9.82 | 1.68 | 6.09 | 7.14 | 8.62 |
| EV / EBIT | 19.78 | 19.66 | 18.78 | 26.95 | 36.55 | 29.79 | 181.71 | — | — | 13.62 | 21.26 |
| EV / FCF | — | — | — | — | — | — | — | — | — | 124.04 | — |
PCG Profitability
Margins and return-on-capital ratios measuring operating efficiency
PG&E Corporation earns an operating margin of 19.6%, roughly in line with the Utilities sector average. Operating margins have expanded from 16.4% to 19.6% over the past 3 years, signaling improving operational efficiency. ROE of 8.6% is modest, trailing the sector median of 9.4%. ROIC of 4.0% represents below-average returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 19.6% | 19.6% | 37.5% | 16.4% | 12.4% | 10.4% | 10.9% | 8.7% | 13.8% | 17.4% | 16.4% |
| Operating Margin | 19.6% | 19.6% | 18.3% | 16.4% | 12.4% | 10.4% | 10.9% | 8.7% | 13.8% | 17.4% | 16.4% |
| Net Profit Margin | 10.8% | 10.8% | 10.3% | 9.2% | 8.4% | -0.4% | -7.1% | -44.6% | -40.8% | 9.7% | 8.0% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 8.6% | 8.6% | 9.0% | 9.3% | 8.2% | -0.4% | -9.8% | -83.6% | -42.2% | 8.8% | 8.0% |
| ROA | 2.0% | 2.0% | 1.9% | 1.8% | 1.6% | -0.1% | -1.4% | -9.4% | -9.4% | 2.4% | 2.1% |
| ROIC | 4.0% | 4.0% | 3.9% | 3.8% | 2.8% | 2.5% | 4.2% | 5.5% | 4.9% | 6.0% | 6.2% |
| ROCE | 4.0% | 4.0% | 4.0% | 3.8% | 2.8% | 2.5% | 2.5% | 2.6% | 4.8% | 4.9% | 4.9% |
PCG Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
PG&E Corporation carries a Debt/EBITDA ratio of 6.2x, which is highly leveraged (31% above the sector average of 4.8x). Net debt stands at $60.6B ($61.3B total debt minus $713M cash). Interest coverage of just 1.6x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.87 | 1.87 | 1.92 | 2.28 | 2.32 | 2.18 | 2.00 | 0.70 | 1.70 | 0.98 | 1.01 |
| Debt / EBITDA | 6.21 | 6.21 | 6.46 | 6.95 | 7.63 | 7.62 | 7.24 | 0.80 | 4.11 | 3.28 | 3.26 |
| Net Debt / Equity | — | 1.85 | 1.89 | 2.26 | 2.29 | 2.16 | 1.98 | 0.41 | 1.58 | 0.96 | 1.00 |
| Net Debt / EBITDA | 6.14 | 6.14 | 6.36 | 6.87 | 7.53 | 7.57 | 7.15 | 0.47 | 3.80 | 3.20 | 3.23 |
| Debt / FCF | — | — | — | — | — | — | — | — | — | 55.60 | — |
| Interest Coverage | 1.61 | 1.61 | 1.76 | 1.25 | 1.25 | 1.47 | 0.25 | -10.82 | -9.90 | 3.44 | 2.76 |
PCG Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.97x is below 1.0, meaning current liabilities exceed current assets. The current ratio has improved from 0.83x to 0.97x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.97 | 0.97 | 1.05 | 0.83 | 0.81 | 0.64 | 0.71 | 1.33 | 0.22 | 0.88 | 0.81 |
| Quick Ratio | 0.92 | 0.92 | 1.00 | 0.78 | 0.76 | 0.60 | 0.66 | 1.25 | 0.21 | 0.81 | 0.75 |
| Cash Ratio | 0.04 | 0.04 | 0.06 | 0.04 | 0.05 | 0.02 | 0.04 | 0.21 | 0.04 | 0.06 | 0.02 |
| Asset Turnover | — | 0.18 | 0.18 | 0.19 | 0.18 | 0.20 | 0.19 | 0.20 | 0.22 | 0.25 | 0.26 |
| Inventory Turnover | 24.45 | 24.45 | 18.61 | 23.48 | 22.56 | 31.04 | 26.21 | 24.17 | 26.07 | 29.42 | 31.91 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
PCG Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
PG&E Corporation returns 0.6% to shareholders annually primarily through dividends. The payout ratio of 8.1% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 7.2% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.6% | 0.6% | 0.2% | — | — | — | — | — | — | 4.4% | 3.0% |
| Payout Ratio | 8.1% | 8.1% | 3.4% | — | — | — | — | — | — | 61.5% | 65.5% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.2% | 7.3% | 5.7% | 5.8% | 5.2% | — | — | — | — | 7.2% | 4.6% |
| FCF Yield | — | — | — | — | — | — | — | — | — | 1.5% | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.6% | 0.6% | 0.2% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 4.4% | 3.0% |
| Shares Outstanding | — | $2.2B | $2.1B | $2.1B | $2.1B | $2.0B | $1.3B | $528M | $517M | $513M | $501M |
Peer Comparison
Compare PCG with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 PCGYou | $36B | 13.8 | 9.8 | — | 19.6% | 19.6% | 8.6% | 4.0% | 6.2 |
 EIX | $27B | 6.0 | 7.0 | — | 57.8% | 36.7% | 24.6% | 9.1% | 4.3 |
 SRE | $61B | 29.8 | — | 13.5 | 52.1% | — | 5.2% | — | — |
 ED | $26B | 19.4 | 5.0 | 5.7 | 81.0% | 17.3% | 8.8% | 6.0% | 0.1 |
 EXC | $47B | 16.9 | 11.0 | — | 45.9% | 21.2% | 9.9% | 5.1% | 5.7 |
 DUK | $99B | 20.2 | 12.7 | — | 31.6% | 26.6% | 9.5% | 4.6% | 6.1 |
 SO | $108B | 24.5 | 13.0 | — | 29.8% | 24.6% | 11.5% | 5.3% | 4.9 |
 PPL | $28B | 23.3 | 12.8 | — | 39.1% | 23.6% | 6.6% | 4.6% | 5.2 |
 AEP | $75B | 20.6 | 14.2 | — | 31.8% | 24.3% | 12.1% | 5.1% | 5.7 |
 XEL | $51B | 23.8 | 14.6 | — | 24.3% | 19.6% | 9.4% | 4.0% | 6.0 |
 ES | $26B | 30.4 | 12.3 | — | 31.1% | 22.7% | 5.5% | 4.8% | 6.5 |
| Utilities Median | — | 20.1 | 11.4 | 15.1 | 40.9% | 19.9% | 9.4% | 4.8% | 4.8 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonPCG — Frequently Asked Questions
Quick answers to the most common questions about buying PCG stock.
What is PG&E Corporation's P/E ratio?
PG&E Corporation's current P/E ratio is 13.8x. The historical average is 16.2x. This places it at the 22th percentile of its historical range.
What is PG&E Corporation's EV/EBITDA?
PG&E Corporation's current EV/EBITDA is 9.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 7.2x.
What is PG&E Corporation's ROE?
PG&E Corporation's return on equity (ROE) is 8.6%. The historical average is 2.4%.
Is PCG stock overvalued?
Based on historical data, PG&E Corporation is trading at a P/E of 13.8x. This is at the 22th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is PG&E Corporation's dividend yield?
PG&E Corporation's current dividend yield is 0.61% with a payout ratio of 8.1%.
What are PG&E Corporation's profit margins?
PG&E Corporation has 19.6% gross margin and 19.6% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does PG&E Corporation have?
PG&E Corporation's Debt/EBITDA ratio is 6.2x, indicating high leverage. A ratio above 4x may signal elevated financial risk.