PNW

NYSE

PINNACLE WEST CAPITAL CORP

Utilities, Multi-Utilities

$101.03

close 7 Aug 2026

+9.25%

52-week change

$12.24B

market cap

$85.32

$111.16

52-week range

Expected price

$81.10 – $99.12

Current price

$101.03

Signal

Could be overvalued

A historical-multiple reference, never a fair-value claim. The band uses only data public at each date and ends at the latest month — no forward estimates.

Current multiples

P/E (TTM)19.39x

P/S (TTM)2.20x

P/B1.74x

EV/EBITDA (TTM)10.68x

FCF yield (TTM)-7.17%

PEG (TTM, GAAP)3.32

Context

P/E, own 5-year average17.09x

P/E, sector median21.33x*

Price at 5-year median P/E$88.53*

Indicated dividend yield3.60%

Forward — analyst consensus

Forward P/E (FY2026)21.40x*

Forward P/E (FY2027)17.88x

Forward PEG1.09*

Consensus EPS FY2026 (10 analysts)$4.72

EPS growth (FY2026→FY2027)19.72%

Revenue growth (FY2026)2.46%

Street view

Price target (mean)$105.79*

Target upside4.71%

Ratings (buy / hold / sell)4 / 12 / 1

FY2026 EPS revisions, 30d (up / down)1 / 0

5-year history

Dashed line: average of month-end values

P/E (TTM)

P/S (TTM)

P/B

FCF yield (TTM)

Dividend yield

period to 30 Jun 2026, filed 4 Aug 2026, close 7 Aug 2026

Discounted cash flow

Ten projected years plus a perpetuity, prefilled from filings — a model to argue with, never a fair-value claim.

Free cash flow, last ten years and TTM

Assumptions

Growth rate, years 1–10%

Perpetual growth%Discount rate%

Base FCF$M

As filed — not assumptions

Current price$101.03

Cash & equivalents$9.12M

Total debt$10.55B

Shares outstanding121.20M

Result

DCF price per share-$251.19

Current price$101.03

Margin of safety-348.63%

PV of years 1–10-$7.55B

PV of terminal value-$12.35B

Equity value-$30.44B

Market-implied growth—

The base free cash flow is not positive; growing a negative flow is rarely a meaningful valuation.

Projected FCF, years 1–10

Hover for PV and growth

Projection detail

Override growth for any year; blank years use the uniform rate

Year	2026	2027	2028	2029	2030	2031	2032	2033	2034	2035	Terminal
Growth, %											2.5
FCF	-$922.47M	-$968.59M	-$1.02B	-$1.07B	-$1.12B	-$1.18B	-$1.24B	-$1.30B	-$1.36B	-$1.43B	-$26.67B
PV	-$854.14M	-$830.41M	-$807.34M	-$784.92M	-$763.11M	-$741.92M	-$721.31M	-$701.27M	-$681.79M	-$662.85M	-$12.35B

period to 30 Jun 2026, filed 4 Aug 2026, close 7 Aug 2026