Basis: Latest reported fiscal year. Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 21.37 as of Saturday, August 8, 2026.
Forward PE Ratio (21.37) = Close Price ($101.03) / Consensus Forward EPS ($4.73)
FORWARD PE RATIO
21.37
SECTOR MEDIAN · UTILITIES
18.34
median of 37 covered companies
CURRENT VS SECTOR MEDIAN
+16.52%
vs the sector median at left
Pinnacle West Capital Corporation
Market Cap
$12.24B
Forward PE Ratio
21.37
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Pinnacle West Capital Corporation (PNW) | $12.24B | 21.37 |
| The AES Corporation (AES)vs › | $10.50B | 6.39 |
| Brookfield Renewable Partners L.P. (BEP)vs › | $10.16B | N/A |
| Talen Energy Corporation (TLN)vs › | $15.78B | 16.37 |
| Oklo Inc. (OKLO)vs › | $8.42B | N/A |
| Clearway Energy, Inc. (CWEN-A)vs › | $8.31B | N/A |
| UGI Corporation (UGI)vs › | $7.33B | 12.09 |
| Alliant Energy Corporation (LNT)vs › | $17.92B | 20.28 |
| Black Hills Corporation (BKH)vs › | $5.68B | 17.22 |
| Evergy, Inc. (EVRG)vs › | $19.22B | 19.59 |
Trailing P/E
19.4
reported TTM EPS
Forward P/E
21.4
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $4.73 implies -9.2% EPS decline vs the reported trailing $5.21.
At today's $101.03 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 | $4.73 | $4.66 – $4.87 | 9 | 21.4x |
| 2027-12-31 | $5.57 | $5.08 – $5.76 | 9 | 18.1x |
| 2028-12-31 | $6.14 | $6.02 – $6.38 | 9 | 16.4x |
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
