Which has the lower trailing P/E, AVA or PNW?

AVA has the lower trailing P/E: AVA trades at 13.40 and PNW at 18.69. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, AVA or PNW?

Over the past five years, PNW grew revenue faster — AVA at a 7.06% CAGR versus PNW at 8.51%.

Does AVA or PNW pay a bigger dividend?

AVA yields 5.28% and PNW yields 3.74% based on trailing dividends and the latest price.

Is AVA or PNW more profitable?

AVA runs the higher net margin — AVA at 11.83% versus PNW at 11.52%.

How have AVA and PNW total returns compared?

Over the past 10 years, AVA delivered 3.20% and PNW delivered 6.62% annualized total return. Past performance doesn't predict future results.

Avista Corporation (AVA) vs Pinnacle West Capital Corporation (PNW)

A side-by-side comparison of Avista Corporation and Pinnacle West Capital Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 3, 2026. Differences are shown without an overall score or investment verdict.

AVA

Avista Corporation

$3.16B

$37.74UtilitiesDelayed quote: Sep 3, 2026, 3:20 PM EDT

PNW

Pinnacle West Capital Corporation

$11.88B

$98.00UtilitiesDelayed quote: Sep 3, 2026, 3:20 PM EDT

Total return — AVA vs PNW

growth of $100 · dividends reinvested · last 10y

AVA +36.9% (+3.2%/yr)PNW +92.0% (+6.7%/yr)PNW compounded faster over this window

AVA PNW

AVA vs PNW: by the numbers

•PNW is the larger company ($11.88B vs $3.16B market cap).
•AVA trades at the lower trailing earnings multiple (13.40 vs 18.69 P/E), one valuation lens rather than an overall verdict.
•AVA converts more revenue to profit (11.83% vs 11.52% net margin).
•PNW grew revenue faster over the past five years (8.51% vs 7.06% CAGR).
•AVA pays the higher dividend yield (5.28% vs 3.74%).

Metrics side by side

Valuation

Metric	AVA	PNW
P/E ratio	13.40	18.69
Forward P/E	14.31	20.65
P/S ratio	1.61	2.18
P/B ratio	1.10	1.72
EV / EBITDA	9.92	9.54

Profitability

Metric	AVA	PNW
Gross margin	24.19%	25.41%
Operating margin	18.76%	27.03%
Net margin	11.83%	11.52%
ROE	8.05%	9.10%
ROIC	4.27%	4.17%

Dividends

Metric	AVA	PNW
Dividend yield	5.28%	3.74%
Payout ratio	82.67%	70.68%

Growth (annualized)

Metric	AVA	PNW
Revenue CAGR (5Y)	7.06%	8.51%
EPS CAGR (5Y)	4.50%	1.04%
FCF CAGR (5Y)	N/A	-32.59%
Total return CAGR (5Y)	2.12%	9.13%

Frequently asked

Which has the lower trailing P/E, AVA or PNW?: AVA has the lower trailing P/E: AVA trades at 13.40 and PNW at 18.69. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, AVA or PNW?: Over the past five years, PNW grew revenue faster — AVA at a 7.06% CAGR versus PNW at 8.51%.
Does AVA or PNW pay a bigger dividend?: AVA yields 5.28% and PNW yields 3.74% based on trailing dividends and the latest price.
Is AVA or PNW more profitable?: AVA runs the higher net margin — AVA at 11.83% versus PNW at 11.52%.
How have AVA and PNW total returns compared?: Over the past 10 years, AVA delivered 3.20% and PNW delivered 6.62% annualized total return. Past performance doesn't predict future results.

Go deeper

Full AVA analysis Full PNW analysis Interactive comparison tool

Dig into the metrics

Avista P/E ratio Pinnacle West Capital P/E ratio Avista dividend yield Pinnacle West Capital dividend yield Avista ROE Pinnacle West Capital ROE Avista operating margin Pinnacle West Capital operating margin Avista revenue growth Pinnacle West Capital revenue growth Avista free cash flow Pinnacle West Capital free cash flow

Avista & Pinnacle West Capital appear in these rankings

Highest Dividend Yield Stocks Lowest P/E Ratio Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified September 3, 2026.