PG&E is a holding company whose main subsidiary is Pacific Gas and Electric, a regulated utility operating in Central and Northern California that serves 5.7 million electricity customers and 4.6 million gas customers in 47 of the state's 58 counties.
It is a $39.1B utility company. Revenue grew 5.7% over the last year, it keeps 12¢ of every dollar of sales as profit, and it carries $59.3B of net debt. It trades at 9.1× earnings — near the lowest of its own history.
- Website
- pgecorp.com
- Location
- Oakland, CA
- Employees
- 29 000
- Sector
- Utilities
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong valuation; Growth, Health, Quality and Moat lag behind.
Valuation75
- P/E vs own history1th pct · 25/25
- FCF yield-10.9% · 0/25
- P/S1.1x · 25/25
- EV/EBITDA9.3x · 25/25
Growth26
- Revenue CAGR4.8% · 6/25
- Net income CAGRn/a · 0/25
- EPS CAGR ~5Yn/a · 0/25
- Fwd implied growth24.8% · 20/25
Profitability57
- ROIC2.8% · 5/25
- ROE9.6% · 12/25
- Net margin11.8% · 20/25
- Operating margin20.0% · 20/25
Health23
- Altman Z0.34 · 3/25
- Current ratio1.22 · 12/25
- Interest coverage2.0x · 3/25
- Net cash / debtD/A 42% · 5/25
Quality41
- Piotroski F4/9 · 10/25
- Beneish M-2.76 · 25/25
- FCF conversion-139% · 0/25
- Margin stabilityσ 20.1% · 6/25
Moat25
- ROIC >12% years0/10 yrs · 0/25
- Median gross margin80.8% · 25/25
- FCF-positive years1/10 yrs · 0/25
- Worst-year net marginworst -44.7% · 0/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2025FinancialBest year on record$2.59B net income
- FY2019FinancialBecame debt-freecash now exceeds total debt
- FY2016FinancialFirst recorded profitable year$1.39B net income
- FY2016FinancialRevenue already above $10B$17.7B in first reported year
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
No standout strengths in the available data.
Watch-outs
- Negative free cash flow (-$4.3B)
- Altman Z-Score 0.34 — elevated financial-distress risk
- Thin interest coverage (2.0×)
- Loss-making in 4 of the recent years
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+5.7% YoY
- Profitable — makes more than it spends$3.06B TTM
- Profit growing — earnings are higher than last year+13.0% YoY
- Generates cash — cash left after running and investing-$4.26B TTM
- Debt under control — could handle its obligationscurrent ratio 1.22
- Established company — not a micro-cap — lower blow-up risk$39.1B market cap
- Not printing shares — share count not ballooning — you keep your slice+75.2% shares over ~5y
- Proven track record — years of profitability behind it6/10 profitable years
- Financially stable — balance sheet not near distressAltman Z 0.3 — distress
- Pays a dividend — returns cash to shareholdersyield 1.48%
- Valuation not extreme — price not wildly above earningsP/E 9.1
Peer comparisonPG&E Corporation vs 6 largest utilities peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| PCG this company | $39.1B | 9.1 | +5.7% | 11.8% | Strained |
| NEE NextEra Energy, Inc. | $161.3B | 17.4 | +10.8% | 32.4% | Strained |
| CEG Constellation Energy Corporation | $105.8B | 30.5 | +26.0% | 11.1% | Strained |
| SO The Southern Company | $99.1B | 21.3 | +6.4% | 15.4% | Strained |
| DUK Duke Energy Corporation | $90.9B | 17.3 | +6.3% | 15.8% | Strained |
| WMB Williams Companies Inc. | $89.2B | 29.0 | +8.7% | 25.2% | Strained |
| KMI Kinder Morgan, Inc. | $72.4B | 20.9 | +12.5% | 19.3% | Strained |
Head-to-head: PCG vs NEE · PCG vs CEG · PCG vs SO
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/PCG
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of PCG on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $13.04 · market cap $39.1B.