PG&E Corp (PCG)
UndervaluedFundamental
51
Price
$12.04
Market Cap
$35.88B
Part 1 · What the company is worth
Overview
PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to customers in northern and central California, the United States. It generates electricity using nuclear, hydroelectric, fossil fuel-fired, fuel cells, and photovoltaic sources. The company owns and operates interconnected transmission lines; electric transmission substations, distribution lines, switching and distribution substations; and natural gas transmission, storage, and distribution systems consisting of distribution pipelines, backbone and local transmission pipelines, and various storage facilities. It serves residential, commercial, industrial, and agricultural customers, as well as natural gas-fired electric generation facilities. The company was incorporated in 1995 and is based in Oakland, California.
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Direct competitors
Who this company fights with for the same customers
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No competitor list for this company yet.
Balance Sheet & Liquidity
Revenue
$25.84B
Trailing 12 months (through 6/30/2026)
Net Income
$3.17B
Trailing 12 months (through 6/30/2026)
Free Cash Flow
$-3.07B
Total Equity
$32.54B
Total Liabilities
$108.82B
Current Ratio
1.22
Interest Coverage
1.67
Debt/EBITDA
6.19
Earnings Per Share
Revenue & Net Income
Free Cash Flow
Income Breakdown
Historical statement
Margins over time
Debt over time
How heavy the debt is
Growth grid
Growth — Revenue
Fair Value Estimation
Fair Value
$18.18
Current Price
$12.04
Margin of Safety
+33.8%
Fair Value Range
$11.82 - $24.55
Spread across the valuation methods used, not a statistically calibrated confidence interval.
Estimation Methods
Valuation Metrics
P/E Ratio
8.88
ROE
8.3%
P/B Ratio
0.97
P/FCF
-
Gross Margin
-
ROIC
3.1%
Profitability Radar
Value Creation (Economic Moat)
ROIC
3.1%
WACC
4.9%
ROIC − WACC
-1.9 pp
ROIC is below the cost of capital — the company is destroying value for every dollar invested.
Fundamental Analysis Criteria
Passed (14)
- P/B Ratio 0.97
- Debt/Equity ratio
- Operating Margin 20.0%
- Current Ratio
- Interest Coverage
- Low reliance on intangibles
- Price below Graham Number
- ROE 9.6%
- Revenue Growth 5Y 6.2%
- Analyst Consensus 64% Buy
- Earnings Surprise avg 10.9%
- Earnings Quality (OCF/NI) 2.57
- Net Margin Trend 12.3% vs 10.0%
- Piotroski F-Score 5/9
Failed (9)
- EPS shows upward trend
- EPS CAGR -4.65%
- Price CAGR -13.78%
- ROIC 3.1%
- Positive Free Cash Flow
- Debt/EBITDA
- Return on Tangible Assets
- DCF valuation (Fairly valued)
- Share Dilution 4.9%
Unavailable (5)
- Gross Margin NaN%
- P/FCF NaN
- Dividend Payout NaN%
- CapEx intensity
- PEG Ratio (need PE > 0 and growth > 0)
Piotroski F-Score
Mixed signals: some areas need attention
Earnings Quality
High quality: earnings backed by cash
Share Dilution
Issuing new shares, diluting ownership
Institutional Holdings
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Ms. Patricia Kessler Poppe | CEO & Director | 56 |
| Ms. Carolyn J. Burke | CFO & Executive VP | 58 |
| Mr. Ajay Waghray | Executive VP & Chief Information Officer | 63 |
| Mr. John R. Simon | EVP, General Counsel, Chief Ethics & Compliance Officer and Corporate Secretary | 60 |
| Mr. Alejandro T. Vallejo | Executive VP & Chief People Officer | 48 |
| Mr. Jason M. Glickman | Executive Vice President of Strategy & Growth | 44 |
| Ms. Marlene M. Santos | Chief Transformation Officer & Executive VP of Enterprise Transformation Office | 64 |
| Mr. Sumeet Singh | CEO of Pacific Gas & Electric Company and Executive VP of Energy Delivery | 46 |
| Ms. Stephanie N. Williams | VP & Controller | 42 |
| Ms. Carla J. Peterman | President & Executive VP of Customer & Corporate Affairs | 46 |
Audit Risk
5
Board Risk
2
Compensation Risk
8
Shareholder Rights Risk
1
Part 2 · The price and when to enter
This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.
Documents
- View document
Annual Report (10-K)
A yearly overview of the business, its financial results, and the risks it faces.
Filed on 2026-02-12
- View document
Quarterly Report (10-Q)
A snapshot of financial performance for the most recent three-month period.
Filed on 2026-07-23
- View document
Current Report (8-K)
An announcement of a major event, such as a leadership change or big news.
Filed on 2026-08-31
via SEC EDGAR
Income History
via SEC EDGAR
Latest News
Recent headlines for PCG, sourced from Markets Gazette.
- 8/31/2026NEGATIVEPG&E, other utility stocks sink as California leaves investors exposed to wildfire liability
PG&E Corporation and other utility stocks experienced a significant downturn following a California legislative development. Analysts suggest the new bill prioritizes victim protections over new investor safeguards, potentially increasing the financial exposure of utility companies to wildfire liabilities. This news raises concerns about future earnings and operational stability for utilities operating in California, impacting investor sentiment and potentially leading to a reassessment of risk premiums for the sector.
- 8/31/2026NEGATIVEPG&E, Edison Bond Spreads Widen on Wildfire Liability Fears
Bonds issued by PG&E Corp. and Edison International experienced a significant widening of their credit spreads on Monday. This negative price action followed the California legislature's rejection of a crucial component of Governor Gavin Newsom's proposed plan. The plan aimed to reallocate wildfire liabilities away from the state's utility companies. The market's reaction suggests investors are concerned about the potential for increased financial burden on these utilities due to wildfire-related risks, impacting their debt instruments.
- 8/31/2026NEGATIVEPG&E, Edison International Stocks Plunge on California Wildfire Bill
PG&E Corp. and Edison International shares experienced significant declines on Monday following the introduction of unfavorable wildfire legislation in California. This development led to a series of analyst downgrades, casting a shadow over the utility sector. The new legislation is perceived to increase the financial liabilities for utility companies related to wildfire damages, raising concerns about future profitability and operational costs. Investors are reacting to the heightened regulatory and financial risks, prompting a sell-off in these major California-based energy providers.
- 8/28/2026NEGATIVENewsom Blocked on Push to Shield Utilities From Fire Liabilities
California Governor Gavin Newsom's initiative to shield publicly traded utilities from certain wildfire liabilities has been thwarted by state lawmakers. This development is a setback for companies like PG&E Corporation, which have faced significant financial burdens from wildfire damage claims. The failure to pass this legislation means utilities will likely continue to bear substantial costs, potentially impacting their profitability and stock valuations. Investors will be closely watching how these ongoing liabilities affect the companies' financial health and future investment plans.
- 5/18/2026NEGATIVEPG&E Cuts Power to Some Customers in California on Fire Risk
PG&E Corporation has initiated power shutoffs for some customers in California, citing high wildfire risk due to dry and windy weather conditions. This proactive measure, while aimed at preventing potential fires, disrupts service for affected residents and businesses. For investors, such events highlight ongoing operational challenges and regulatory scrutiny related to wildfire prevention, potentially impacting future earnings and increasing insurance costs. The company's stock may face pressure as these risks are factored into market sentiment.
via Markets Gazette