TORVANTA
Utilities · S&P 500 · data as of 2026-10-05

PCG stock analysis: PG&E

PG&E (PCG) is an S&P 500 company in Multi-Utilities. It grades weakest on profitability and momentum.

The model's view of PCG · subscribers

Where PCG ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with PCG · updated 2026-10-05 · from prices and SEC filings

PCG price performance

PCG against the S&P 500, one year
-20%+0%+20%S&P 500 +18%PCG -17%2025-09-292026-10-05
Year to date-22.4%S&P 500 +14.5% · behind by 36.9 pts
1 year-21.3%S&P 500 +17.0% · behind by 38.3 pts
3 years-17.8%S&P 500 +89.3% · behind by 107.0 pts
5 years+27.6%S&P 500 +91.3% · behind by 63.7 pts

Total returns with dividends reinvested.

PCG factor grades

Each grade compares PCG with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

B-ValueP/E 8.9x (industry 18.8x)FCF yield -12.9% (industry -5.1%)
B-GrowthRevenue growth +6% (industry +7%)EPS growth +27% (industry +9%)
D+ProfitabilityOperating margin 20.0% (industry 20.0%)ROIC 5.4% (industry 5.5%)
D-Momentum12-month change -21%From 52-wk high -35%

PCG in plain numbers

PCG key statistics

SectorUtilities
IndustryMulti-Utilities
IndexS&P 500
Market value$33.1B
Revenue growth (y/y)+6%
Free-cash-flow yield-12.9%
Dividend yield1.6%
Next earnings (expected)2026-10-22
Valuation measures
Market value$33.1B
Enterprise value$95.0B
P/E (trailing)8.9x
Forward P/E (Torvanta estimate)8.1x
PEG (Torvanta estimate)0.78
Price / sales1.3x
Price / book1.0x
EV / revenue3.7x
EV / EBITDA18.4x
Financial highlights
Revenue, last 12 months$25.8B
Net income, last 12 months$3.2B
EPS, last 12 months (GAAP)$1.38
Operating margin20.0%
Net margin12.3%
Return on equity9.7%
Return on invested capital5.4%
Cash$1.0B
Total debt$62.8B
Debt / equity1.85x
Free cash flow, last 12 months-$4.3B
Interest cover1.7x
Current ratio1.22x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

PCG earnings trends

Revenue vs earnings
$0$1.7B$3.4B$5.2B$6.9BSep 2024 Revenue: $5.9BDec 2024 Revenue: $6.6BMar 2025 Revenue: $6.0BJun 2025 Revenue: $5.9BSep 2025 Revenue: $6.2BDec 2025 Revenue: $6.8BMar 2026 Revenue: $6.9BJun 2026 Revenue: $5.9BSep 2024 Net income: $579.0MDec 2024 Net income: $674.0MMar 2025 Net income: $634.0MJun 2025 Net income: $549.0MSep 2025 Net income: $850.0MDec 2025 Net income: $670.0MMar 2026 Net income: $885.0MJun 2026 Net income: $761.0MSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Net margin: 9.7%Net margin: 10.2%Net margin: 10.6%Net margin: 9.3%Net margin: 13.6%Net margin: 9.8%Net margin: 12.9%Net margin: 12.9%0%7%14%■ Revenue ■ Net income ━ Net margin
Earnings per share$0.0$0.1$0.2$0.3$0.4Sep 2024 EPS (GAAP, diluted): $0.3Dec 2024 EPS (GAAP, diluted): $0.3Mar 2025 EPS (GAAP, diluted): $0.3Jun 2025 EPS (GAAP, diluted): $0.2Sep 2025 EPS (GAAP, diluted): $0.4Dec 2025 EPS (GAAP, diluted): $0.3Mar 2026 EPS (GAAP, diluted): $0.4Jun 2026 EPS (GAAP, diluted): $0.3Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026■ EPS (GAAP, diluted) Change from a year earlier: Sep 2025 +37% · Dec 2025 -3% · Mar 2026 +39% · Jun 2026 +38%

From the company's 10-Q and 10-K filings with the SEC.

PG&E financials (from SEC filings)

Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$20.6B$21.7B$24.4B$24.4B$24.9B
Net income-$88.0M$1.8B$2.3B$2.5B$2.7B
EPS (GAAP)$-0.07$0.84$1.05$1.15$1.18
Free cash flow-$5.4B-$5.9B-$5.0B-$2.3B-$3.1B

PCG earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-07-23$0.33+38%+0%-0.3%
2026-04-23$0.39+39%+15%-2.0%
2026-02-12$0.29-3%+3%+7.7%
2025-10-23$0.37+37%+5%-2.5%
2025-07-31$0.240%-1%+2.7%
2025-04-24$0.28-18%+2%-5.1%

About PG&E

HeadquartersOakland, CA
Industry (SEC code)Electric & Other Services Combined
Fiscal year endsDecember 31
Incorporated inCA
Listed onNYSE, NYSE, NYSE, NYSE, NYSE, NYSE, NYSE, NYSE, NYSE, NYSE
FormerlyPG&E CORP, PG&E Corp, PG&E PARENT CO INC

From the company's SEC registration record.

Companies similar to PCG

CompanyMarket valueP/ERevenue growthOperating margin12-month change
PCG PG&E$33.1B8.9x+6%20.0%-21%
ED Consolidated Edison$38.1B17.4x+9%17.4%+8%compare
AEE Ameren$27.6B17.6x+4%24.9%-1%compare
CNP CenterPoint$24.7B23.2x+5%22.5%-1%compare
SRE Sempra$51.1B26.5x+2%n/a-12%
D Dominion Energy$53.7B18.1x+17%26.3%+3%
CMS CMS Energy$20.1B19.2x+10%18.9%-8%

All Utilities stock ratings

Frequently asked questions

Is PCG stock a buy?

Torvanta does not tell individuals what to buy. Its grades for PCG are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is PCG's P/E ratio?

PCG trades at about 8.9 times its last 12 months of GAAP earnings reported to the SEC, and about 8.1 times Torvanta's own estimate of the next 12 months.

When does PCG report earnings next?

Based on its filing history, Torvanta expects PG&E to report around 2026-10-22.

Does PCG pay a dividend?

Yes. Its dividend yield is about 1.6%, and it has raised its dividend 2 years in a row.

How has PCG performed against the S&P 500?

Over the past year PCG returned -21.3%, against +17.0% for the S&P 500, dividends reinvested.

See the model's view

Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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