Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 20.64.
Forward PE Ratio (20.64) = Close Price ($97.36) / Consensus Forward EPS ($4.72)
FORWARD PE RATIO
20.64
SECTOR MEDIAN · UTILITIES
17.63
median of 38 covered companies
CURRENT VS SECTOR MEDIAN
+17.04%
vs the sector median at left
Pinnacle West Capital Corporation
Market Cap
$11.80B
Forward PE Ratio
20.64
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Pinnacle West Capital Corporation (PNW) | $11.80B | 20.64 |
| The AES Corporation (AES)vs › | $10.53B | 6.45 |
| Brookfield Renewable Partners L.P. (BEP)vs › | $10.03B | N/A |
| Talen Energy Corporation (TLN)vs › | $14.27B | 15.08 |
| UGI Corporation (UGI)vs › | $8.06B | 13.44 |
| Oklo Inc. (OKLO)vs › | $7.32B | N/A |
| Alliant Energy Corporation (LNT)vs › | $17.53B | 19.83 |
| Black Hills Corporation (BKH)vs › | $5.46B | 16.51 |
| Evergy, Inc. (EVRG)vs › | $18.65B | 19.01 |
| NiSource Inc (NI)vs › | $19.48B | 19.76 |
Trailing P/E
18.7
reported TTM EPS
Forward P/E
20.6
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $4.72 implies -9.4% EPS decline vs the reported trailing $5.21.
At today's $97.36 close, each upcoming fiscal year's consensus EPS implies a different multiple — how quickly the price is "paid down" by expected earnings if the estimates hold.
| Fiscal year end | Consensus EPS | Estimate range | Analysts | Implied P/E |
|---|---|---|---|---|
| 2026-12-31 | $4.72 | $4.67 – $4.78 | 8 | 20.6x |
| 2027-12-31 | $5.54 | $5.05 – $5.73 | 8 | 17.6x |
| 2028-12-31 | $6.12 | $6.02 – $6.39 | 8 | 15.9x |
Source: FMP analyst consensus estimates, refreshed with the daily precompute. "n/m" = the consensus EPS is not positive, so a multiple is undefined. There is no forward P/E history chart here because charting one would require the estimates as they stood in the past, which we do not store — see the trailing P/E history for how the realized multiple has moved.
PE Ratio = Share Price / Diluted EPS (TTM)
The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
