P/E ratio for Pinnacle West Capital (PNW)
P/E ratio as of September 2023 (TTM): 22.2
According to Pinnacle West Capital 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 22.2067. At the end of 2021 the company had a P/E ratio of 12.9.
P/E ratio history for Pinnacle West Capital from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 12.9 | -21.21% |
| 2020 | 16.3 | -12.92% |
| 2019 | 18.8 | 0.48% |
| 2018 | 18.7 | -4.14% |
| 2017 | 19.5 | -0.83% |
| 2016 | 19.7 | |
| 2014 | 19.0 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Edison International
EIX | 28.0 | 26.14% | 🇺🇸 USA |
 Xcel Energy XEL | 19.0 | -14.55% | 🇺🇸 USA |
 PNM Resources PNM | 16.2 | -27.19% | 🇺🇸 USA |
 NorthWestern Corporation
NWE | 17.3 | -22.28% | 🇺🇸 USA |
 Idacorp IDA | 18.1 | -18.44% | 🇺🇸 USA |
 Avista
AVA | 17.7 | -20.44% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.