Mostly Markets
Subscribe
Stocks/Utilities/Multi-Utilities

PG&EPCG

Multi-Utilities · Oakland, California · In the S&P 500
Cheaper than peers
$13.18−0.38%After hours: $13.17 (−0.05%)At the close, 30 Oct · Prices from CNBC, may be delayed
▼ 16.4% over 1 year
PG&E over 1 yearDaily close, $, to 30 Oct 2026
$12$14$16$18Nov2026MarMayJulSep$13.18$15NovMarJul$13.18
Source: Nasdaq daily closes
Market value$29.03B
Price to earnings9.8x
Forward P/E7.8x
Dividend yield–
Year to date−18.0%
One year−16.4%
Next earningsNot scheduled
SectorUtilities
52-week range (closes)
$11.95$19.11

Quality and valuation

How PG&E compares with other utilities stocks. A description, not a recommendation.

PG&E and 7 multi-utilities peers. Across: valuation (P/E) against the sector. Up: business quality against the sector. Hover or tap a logo for its numbers.

Business quality: weaker than mostValuation: cheaper than most

A weaker business than most utilities companies, priced below most of them.

PG&E trades at 7.8 times the next 12 months of expected earnings, against a median of 18.6x for the 33 utilities stocks we cover. The quality score blends where it ranks on revenue growth, gross margin, operating margin and free-cash-flow margin (net margin for banks and insurers) over the last 12 months, from SEC filings.

  • Revenue grew slower than the sector median: +5.7% vs +8.3%
  • Less profitable (operating margin): 20.0% vs 23.0%
  • Turns less of its sales into cash: −16.5% vs −14.5%
PCG trades at 7.8x forward earnings, below the sector medianForward p/e, Multi-Utilities peers
PCG7.8xSRE16.6xDTE16.7xD17.5xED18.4xXEL18.7xAEE19.9xNEE20.8xSector median 18.6xPCG7.8xSRE16.6xDTE16.7xD17.5xED18.4xXEL18.7xAEE19.9xNEE20.8xSector median 18.6x
Source: CNBC quotes; Mostly Markets
At 9.5x earnings, PCG is cheaper than its average since Jul 2024Price over the last 12 months of reported (GAAP) diluted EPS
P/EUsual range (±1 s.d.)
12x15x18xAverage 13.9x202520269.5x15xAverage 13.9x202520269.5x
Source: Nasdaq prices; SEC filings

Financials

From PG&E's SEC filings, through the quarter ending 30 Jun 2026. Hover or tap a bar for its value.

Revenue grew 0.1% from a year earlierQuarterly revenue, $bn, latest Q2 ’26
$0bn$2bn$4bn$6bnQ3 ’24Q1 ’25Q3 ’25$5.9bnQ2 ’26$0bn$2bn$5bnQ3 ’24Q1 ’25Q3 ’25$5.9bnQ2 ’26
Source: SEC filings
Growth slowed to +0.1% last quarterRevenue growth, year on year, %
0%10%Q3 ’24Q1 ’25Q3 ’250.1%Q2 ’260%10%Q3 ’24Q1 ’25Q3 ’250.1%Q2 ’26
Source: SEC filings
Operating margin was 21.4% last quarterOperating income as a share of revenue, %
0%10%20%Q3 ’24Q1 ’25Q3 ’2521.4%Q2 ’260%10%20%Q3 ’24Q1 ’25Q3 ’2521.4%Q2 ’26
Source: SEC filings
Free cash flow was −$4.3 billion over 12 monthsQuarterly free cash flow (operating cash flow minus capex), $bn
$-2bn$-1bn$0bnQ3 ’24Q1 ’25Q3 ’25−$2.1bnQ2 ’26$-2bn$-1bn$0bnQ3 ’24Q1 ’25Q3 ’25−$2.1bnQ2 ’26
Source: SEC filings
Last 12 monthsPCGSector median
Revenue growth+5.7%+8.3%
Operating margin20.0%23.0%
Free cash flow margin−16.5%−14.5%
Price to earnings9.8x21.1x

Stories on PG&E

We haven't written about PG&E yet. Follow it, and its first story will show under My stocks on the front page.

Similar companies

Multi-Utilities, by market value.

CompanyPriceTodayYTDValue
NEENextEra Energy$83.71+1.91%+4.3%$176B
DDominion Energy$66.62+2.30%+13.7%$58.59B
SRESempra$86.06+0.20%−2.5%$56.27B
XELXcel Energy$79.82+0.99%+8.1%$49.86B
EDConsolidated Edison$116.64+1.00%+17.4%$43.14B
AEEAmeren$110.54+0.30%+10.7%$30.60B
DTEDTE Energy$135.49+0.72%+5.0%$28.19B
CNPCenterPoint Energy$42.44+0.54%+10.7%$28.13B