PINNACLE WEST CAPITAL (PNW) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:PNW • US7234841010

93.52 USD
-1.07 (-1.13%)
At close: Feb 6, 2026
93.5 USD
-0.02 (-0.02%)
After Hours: 2/6/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

3

Overall PNW gets a fundamental rating of 3 out of 10. We evaluated PNW against 46 industry peers in the Electric Utilities industry. PNW has a bad profitability rating. Also its financial health evaluation is rather negative. While showing a medium growth rate, PNW is valued expensive at the moment. Finally PNW also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

  • In the past year PNW was profitable.
  • PNW had a positive operating cash flow in the past year.
  • In the past 5 years PNW has always been profitable.
  • PNW had a positive operating cash flow in each of the past 5 years.
PNW Yearly Net Income VS EBIT VS OCF VS FCFPNW Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M -500M 1B 1.5B

1.2 Ratios

  • PNW's Return On Assets of 1.99% is on the low side compared to the rest of the industry. PNW is outperformed by 82.61% of its industry peers.
  • PNW has a worse Return On Equity (8.29%) than 69.57% of its industry peers.
  • PNW has a Return On Invested Capital of 3.01%. This is in the lower half of the industry: PNW underperforms 73.91% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for PNW is in line with the industry average of 4.57%.
Industry RankSector Rank
ROA 1.99%
ROE 8.29%
ROIC 3.01%
ROA(3y)2.16%
ROA(5y)2.41%
ROE(3y)8.38%
ROE(5y)9.08%
ROIC(3y)3.05%
ROIC(5y)3.14%
PNW Yearly ROA, ROE, ROICPNW Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8 10

1.3 Margins

  • PNW has a Profit Margin of 11.20%. This is in the lower half of the industry: PNW underperforms 65.22% of its industry peers.
  • PNW's Profit Margin has declined in the last couple of years.
  • PNW has a Operating Margin (19.43%) which is in line with its industry peers.
  • PNW's Operating Margin has improved in the last couple of years.
Industry RankSector Rank
OM 19.43%
PM (TTM) 11.2%
GM N/A
OM growth 3Y-2.29%
OM growth 5Y3.15%
PM growth 3Y-9.95%
PM growth 5Y-5.19%
GM growth 3YN/A
GM growth 5YN/A
PNW Yearly Profit, Operating, Gross MarginsPNW Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20 25

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ROAROEROICOperating and Profit MarginShow most profitable peers

1

2. Health

2.1 Basic Checks

  • PNW has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • The number of shares outstanding for PNW has been increased compared to 1 year ago.
  • The number of shares outstanding for PNW has been increased compared to 5 years ago.
  • Compared to 1 year ago, PNW has an improved debt to assets ratio.
PNW Yearly Shares OutstandingPNW Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M
PNW Yearly Total Debt VS Total AssetsPNW Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B 25B

2.2 Solvency

  • PNW has an Altman-Z score of 0.74. This is a bad value and indicates that PNW is not financially healthy and even has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 0.74, PNW is doing worse than 60.87% of the companies in the same industry.
  • PNW has a Debt/Equity ratio of 1.38. This is a high value indicating a heavy dependency on external financing.
  • PNW has a Debt to Equity ratio (1.38) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 1.38
Debt/FCF N/A
Altman-Z 0.74
ROIC/WACC0.48
WACC6.28%
PNW Yearly LT Debt VS Equity VS FCFPNW Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B 4B 6B 8B

2.3 Liquidity

  • A Current Ratio of 0.67 indicates that PNW may have some problems paying its short term obligations.
  • PNW has a worse Current ratio (0.67) than 78.26% of its industry peers.
  • A Quick Ratio of 0.49 indicates that PNW may have some problems paying its short term obligations.
  • PNW has a Quick ratio of 0.49. This is in the lower half of the industry: PNW underperforms 78.26% of its industry peers.
Industry RankSector Rank
Current Ratio 0.67
Quick Ratio 0.49
PNW Yearly Current Assets VS Current LiabilitesPNW Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B 2.5B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. Growth

3.1 Past

  • The earnings per share for PNW have decreased by -7.77% in the last year.
  • The Earnings Per Share has been growing slightly by 1.78% on average over the past years.
  • Looking at the last year, PNW shows a small growth in Revenue. The Revenue has grown by 5.70% in the last year.
  • PNW shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.10% yearly.
EPS 1Y (TTM)-7.77%
EPS 3Y-1.55%
EPS 5Y1.78%
EPS Q2Q%0.59%
Revenue 1Y (TTM)5.7%
Revenue growth 3Y10.45%
Revenue growth 5Y8.1%
Sales Q2Q%2.94%

3.2 Future

  • PNW is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.74% yearly.
  • Based on estimates for the next years, PNW will show a small growth in Revenue. The Revenue will grow by 5.16% on average per year.
EPS Next Y-5.92%
EPS Next 2Y-4.77%
EPS Next 3Y2.85%
EPS Next 5Y4.74%
Revenue Next Year5.97%
Revenue Next 2Y4.96%
Revenue Next 3Y5.71%
Revenue Next 5Y5.16%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
PNW Yearly Revenue VS EstimatesPNW Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2B 4B 6B
PNW Yearly EPS VS EstimatesPNW Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2 4 6 8

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Find the best growth stocksShow best growing peers

2

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 19.20, PNW is valued on the expensive side.
  • Compared to the rest of the industry, the Price/Earnings ratio of PNW is on the same level as its industry peers.
  • PNW is valuated rather cheaply when we compare the Price/Earnings ratio to 27.92, which is the current average of the S&P500 Index.
  • The Price/Forward Earnings ratio is 19.76, which indicates a rather expensive current valuation of PNW.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of PNW indicates a slightly more expensive valuation: PNW is more expensive than 69.57% of the companies listed in the same industry.
  • PNW is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 27.78, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 19.2
Fwd PE 19.76
PNW Price Earnings VS Forward Price EarningsPNW Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of PNW indicates a somewhat cheap valuation: PNW is cheaper than 60.87% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 10.51
PNW Per share dataPNW EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)10.81
EPS Next 2Y-4.77%
EPS Next 3Y2.85%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

7

5. Dividend

5.1 Amount

  • PNW has a Yearly Dividend Yield of 3.85%. Purely for dividend investing, there may be better candidates out there.
  • PNW's Dividend Yield is rather good when compared to the industry average which is at 2.93. PNW pays more dividend than 82.61% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.81, PNW pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.85%

5.2 History

  • The dividend of PNW has a limited annual growth rate of 2.90%.
  • PNW has been paying a dividend for at least 10 years, so it has a reliable track record.
  • PNW has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)2.9%
Div Incr Years13
Div Non Decr Years31
PNW Yearly Dividends per sharePNW Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3

5.3 Sustainability

  • 69.92% of the earnings are spent on dividend by PNW. This is not a sustainable payout ratio.
  • PNW's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP69.92%
EPS Next 2Y-4.77%
EPS Next 3Y2.85%
PNW Yearly Income VS Free CF VS DividendPNW Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M -400M 600M -600M
PNW Dividend Payout.PNW Dividend Payout, showing the Payout Ratio.PNW Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

PINNACLE WEST CAPITAL

NYSE:PNW (2/6/2026, 8:04:00 PM)

After market: 93.5 -0.02 (-0.02%)

93.52

-1.07 (-1.13%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)11-03
Earnings (Next)02-25
Inst Owners99.04%
Inst Owner Change-2.63%
Ins Owners0.11%
Ins Owner Change-1.01%
Market Cap11.19B
Revenue(TTM)5.31B
Net Income(TTM)594.30M
Analysts71.82
Price Target97.41 (4.16%)
Short Float %4.7%
Short Ratio4.62
Dividend
Industry RankSector Rank
Dividend Yield 3.85%
Yearly Dividend3.39
Dividend Growth(5Y)2.9%
DP69.92%
Div Incr Years13
Div Non Decr Years31
Ex-Date02-02
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)3.06%
Min EPS beat(2)-1.6%
Max EPS beat(2)7.72%
EPS beat(4)2
Avg EPS beat(4)-64.2%
Min EPS beat(4)-321.25%
Max EPS beat(4)58.34%
EPS beat(8)5
Avg EPS beat(8)220.92%
EPS beat(12)6
Avg EPS beat(12)129.17%
EPS beat(16)10
Avg EPS beat(16)127.18%
Revenue beat(2)1
Avg Revenue beat(2)-0.03%
Min Revenue beat(2)-0.38%
Max Revenue beat(2)0.32%
Revenue beat(4)3
Avg Revenue beat(4)1.59%
Min Revenue beat(4)-0.38%
Max Revenue beat(4)4.23%
Revenue beat(8)4
Avg Revenue beat(8)-1.12%
Revenue beat(12)8
Avg Revenue beat(12)5.94%
Revenue beat(16)12
Avg Revenue beat(16)7.61%
PT rev (1m)-0.14%
PT rev (3m)-0.54%
EPS NQ rev (1m)206.67%
EPS NQ rev (3m)151.59%
EPS NY rev (1m)2.39%
EPS NY rev (3m)5.96%
Revenue NQ rev (1m)0.08%
Revenue NQ rev (3m)3.14%
Revenue NY rev (1m)0.06%
Revenue NY rev (3m)0.84%
Valuation
Industry RankSector Rank
PE 19.2
Fwd PE 19.76
P/S 2.11
P/FCF N/A
P/OCF 6.33
P/B 1.56
P/tB 1.69
EV/EBITDA 10.51
EPS(TTM)4.87
EY5.21%
EPS(NY)4.73
Fwd EY5.06%
FCF(TTM)-6.01
FCFYN/A
OCF(TTM)14.77
OCFY15.79%
SpS44.34
BVpS59.89
TBVpS55.34
PEG (NY)N/A
PEG (5Y)10.81
Graham Number81.01
Profitability
Industry RankSector Rank
ROA 1.99%
ROE 8.29%
ROCE 3.83%
ROIC 3.01%
ROICexc 3.01%
ROICexgc 3.07%
OM 19.43%
PM (TTM) 11.2%
GM N/A
FCFM N/A
ROA(3y)2.16%
ROA(5y)2.41%
ROE(3y)8.38%
ROE(5y)9.08%
ROIC(3y)3.05%
ROIC(5y)3.14%
ROICexc(3y)3.05%
ROICexc(5y)3.14%
ROICexgc(3y)3.1%
ROICexgc(5y)3.19%
ROCE(3y)3.88%
ROCE(5y)3.97%
ROICexgc growth 3Y3.09%
ROICexgc growth 5Y3.77%
ROICexc growth 3Y2.69%
ROICexc growth 5Y3.62%
OM growth 3Y-2.29%
OM growth 5Y3.15%
PM growth 3Y-9.95%
PM growth 5Y-5.19%
GM growth 3YN/A
GM growth 5YN/A
F-Score3
Asset Turnover0.18
Health
Industry RankSector Rank
Debt/Equity 1.38
Debt/FCF N/A
Debt/EBITDA 4.92
Cap/Depr 254.73%
Cap/Sales 46.86%
Interest Coverage 2.73
Cash Conversion 88.06%
Profit Quality N/A
Current Ratio 0.67
Quick Ratio 0.49
Altman-Z 0.74
F-Score3
WACC6.28%
ROIC/WACC0.48
Cap/Depr(3y)220.06%
Cap/Depr(5y)211.68%
Cap/Sales(3y)40.9%
Cap/Sales(5y)39.68%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-7.77%
EPS 3Y-1.55%
EPS 5Y1.78%
EPS Q2Q%0.59%
EPS Next Y-5.92%
EPS Next 2Y-4.77%
EPS Next 3Y2.85%
EPS Next 5Y4.74%
Revenue 1Y (TTM)5.7%
Revenue growth 3Y10.45%
Revenue growth 5Y8.1%
Sales Q2Q%2.94%
Revenue Next Year5.97%
Revenue Next 2Y4.96%
Revenue Next 3Y5.71%
Revenue Next 5Y5.16%
EBIT growth 1Y2.92%
EBIT growth 3Y7.91%
EBIT growth 5Y11.51%
EBIT Next Year103.64%
EBIT Next 3Y35.25%
EBIT Next 5Y23.51%
FCF growth 1Y-2.45%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y69.42%
OCF growth 3Y23.24%
OCF growth 5Y10.97%

PINNACLE WEST CAPITAL / PNW FAQ

What is the fundamental rating for PNW stock?

ChartMill assigns a fundamental rating of 3 / 10 to PNW.


Can you provide the valuation status for PINNACLE WEST CAPITAL?

ChartMill assigns a valuation rating of 2 / 10 to PINNACLE WEST CAPITAL (PNW). This can be considered as Overvalued.


How profitable is PINNACLE WEST CAPITAL (PNW) stock?

PINNACLE WEST CAPITAL (PNW) has a profitability rating of 3 / 10.


Can you provide the financial health for PNW stock?

The financial health rating of PINNACLE WEST CAPITAL (PNW) is 1 / 10.


What is the expected EPS growth for PINNACLE WEST CAPITAL (PNW) stock?

The Earnings per Share (EPS) of PINNACLE WEST CAPITAL (PNW) is expected to decline by -5.92% in the next year.