Pinnacle West Capital
PNW
#1721
Rank
$9.83 B
Marketcap
$86.53
Share price
0.73%
Change (1 day)
13.07%
Change (1 year)

P/E ratio for Pinnacle West Capital (PNW)

P/E ratio as of October 2024 (TTM): 20.6

According to Pinnacle West Capital 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 20.5534. At the end of 2022 the company had a P/E ratio of 17.8.

P/E ratio history for Pinnacle West Capital from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202217.838.25%
202112.9-21.21%
202016.3-12.92%
201918.80.48%
201818.7-4.14%
201719.5-0.83%
201619.720.4%
201516.3-14.21%
201419.032.68%
201314.3-2.38%
201214.7-5.17%
201115.519.6%
201013.0-75.92%
200953.8301.82%
200813.4-3.41%
200713.9-10.05%
200615.4-32.56%
200522.836.84%
200416.710.55%
200315.1-22.03%
200219.470.32%
200111.4

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
17.1-16.76%๐Ÿ‡บ๐Ÿ‡ธ USA
19.9-2.97%๐Ÿ‡บ๐Ÿ‡ธ USA
23.3 13.53%๐Ÿ‡บ๐Ÿ‡ธ USA
19.1-7.04%๐Ÿ‡บ๐Ÿ‡ธ USA
26.3 27.74%๐Ÿ‡บ๐Ÿ‡ธ USA
18.5-10.13%๐Ÿ‡บ๐Ÿ‡ธ 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.