Pinnacle West Capital
About the company
Pinnacle West Capital Corporation, through its subsidiary, provides retail and wholesale electric services in the state of Arizona. The company engages in the generation, transmission, and distribution of electricity using nuclear, gas, oil, coal, and solar generating facilities. Its transmission facilities include overhead lines and underground lines; and distribution facilities consist of overhead lines and underground primary cables. The company also owns and maintains substations, including transmission and distribution yards; and owns energy storage facilities. Pinnacle West Capital Corporation was incorporated in 1985 and is headquartered in Phoenix, Arizona.
Price below modeled range
Why: Dividends are a large share of earnings, so the cash paid to shareholders is the best guide to value.
The range depends on model assumptions and data; it is not a prediction or investment advice.
After signing in, return here and select “Add to watchlist”. Saving companies requires a verified email address.
Market price below modeled range
Showing the EV/Sales (Rule of 40) you selected on the company card, using 6.33% growth, 2.2% terminal growth and 8.6% discount. The range varies these assumptions slightly; it is illustrative, not investment advice. Low confidence: the modelled value is far from the market price, which usually means the model does not capture this company well (for example expected growth well above its history).
Assumptions: growth 6.33%, discount rate 8.60%, terminal growth 2.20% (sector defaults). See a worked example.
Blended growth assumption: 6.3% (sector default 4.0%, own revenue history 7.3%, analyst revenue consensus 7.0%).
5-year outlook: relative outlook of about 7.1% a year (High confidence), anchored to a 7% market return and adjusted for how this company ranks against others. A ranking aid, not a prediction. See the full forecast.
Analyst consensus expects revenue growth of 7.0% a year; the growth assumption used is 6.3%.
Adjust assumptions
Show the recommended model instead
Why this model: Dividends are a large share of earnings, so the cash paid to shareholders is the best guide to value.
Compare models- Recommended: Dividend discount model — USD 56.04 (-46.0%)
-
EPS-based Gordon proxy
— USD 84.91 (-18.2%)
Not used: Treats all earnings as if paid out and ignores the cash kept for reinvestment, so it overstates value for companies that retain most profit.
-
DCF (trailing free cash flow)
— not applicable
Not used: Cannot be computed: free cash flow is zero or negative.
-
FCFF (steady state)
— not applicable
Not used: Cannot be computed: free cash flow is zero or negative.
-
EV/EBITDA (12x)
— USD 83.12 (-19.9%)
Not used: Used only when free cash flow is far below earnings even after averaging three years; a fixed 12x multiple also ignores sector differences.
-
Fade DCF (10-year growth fade)
— not applicable
Not used: Cannot be computed: free cash flow is zero or negative.
-
EV/Sales (Rule of 40)
— USD 287.55 (+176.9%)
Not used: Used only for technology and communication companies whose cash-flow value is far below the price.
| Bear USD 181.57 | 42.8% |
| Base USD 287.55 | 63.9% |
| Bull USD 393.52 | 73.6% |
Margin = (value − price) / value, so it is measured against the value and reads lower than the upside to value, which is measured against the price. Positive means the price is below that case.
Track record: see the methodology page for how this model has performed historically, including its limits. Treat it as a screen, not a forecast.
Price history and fair value
5 years price change: +104.84% · USD 103.83 · Market data through 05 Nov 2026 ; dashed line is today’s model base value (USD 287.55). The fair value is today’s estimate, not what the model said in the past.
Saved price history is current through 05 Nov 2026; last refreshed 06 Nov 2026 18:33 (2 hours, 28 minutes ago).
08 Nov 2021Range USD 50.69 – 107.0805 Nov 2026
Latest news
Headlines provided by EODHD. Articles may mention multiple companies and are not investment recommendations.
More detail: quality, peers, price history, dividends and financials
Quality score: 60 / 100
Five equal checks on reported history: profitability, cash generation, revenue growth, balance sheet and margins. It describes business quality, not whether the price is attractive.
| Profitability | 5 of 5 years profitable | 20 / 20 |
| Cash generation | free cash flow positive in 0 of 5 years | 0 / 20 |
| Growth | revenue +7.2% a year | 20 / 20 |
| Balance sheet | net debt 7.5x EBITDA | 0 / 20 |
| Margins | EBITDA margin 40% | 20 / 20 |
Peers in Utilities
Same-sector companies with a valuation, most undervalued first. Compare the margin of safety, yield and quality score side by side.
| Company | Price | Margin of safety | P/E | P/B | Yield | Quality |
|---|---|---|---|---|---|---|
| PNW (this company) | USD 103.83 | -85.3% | 19.5 | 1.7 | 3.4% | 60 |
| ED Consolidated Edison | USD 121.44 | 29.8% | 20.3 | 1.7 | 2.7% | 78 |
| ENGI.PA Engie SA | EUR 24.20 | 15.2% | 16.0 | 1.9 | 7.4% | 76 |
| FORTUM.HE Fortum Oyj | EUR 23.20 | -3.8% | 25.8 | 2.6 | 6.0% | 72 |
| D Dominion Energy | USD 69.64 | -5.5% | 22.7 | 2.1 | 3.8% | 76 |
| CMS CMS Energy | USD 70.68 | -6.5% | 25.4 | 2.3 | 3.2% | 64 |
| CNA.L Centrica plc | GBP 1.51 | -6.6% | – | 2.3 | 3.3% | 92 |
| NTGY.MC Naturgy Energy Group, S.A. | EUR 29.54 | -10.6% | 14.2 | 3.1 | 5.9% | 70 |
| EIX Edison International | USD 60.88 | -11.3% | 6.4 | 1.3 | 5.6% | 52 |
| Peer median | 20.3 | 2.2 | ||||
Dividends
Paid in the last 12 months: USD 3.66 per share · yield 3.52% at the current price.
| Year | Dividends per share |
|---|---|
| 2026 (so far) | 3.655 |
| 2025 | 3.595 |
| 2024 | 3.535 |
| 2023 | 3.475 |
| 2022 | 3.415 |
| 2021 | 3.340 |
Trailing 12-month financials
TTM through 30 Sep 2026 · quarterly EODHD data · data downloaded 06 Nov 2026 16:18
| Revenue | USD 5,706,259,000 |
|---|---|
| EBITDA | USD 2,274,244,000 |
| EBIT | USD 1,259,566,000 |
| Net income | USD 661,137,000 |
| Free cash flow | USD -931,926,000 |
| Capital expenditures | USD 2,761,147,000 |
| Debt | USD 16,966,884,000 |
| Cash | USD 11,124,000 |
| Working capital | USD -865,712,000 |
| Shares outstanding | 124,339,000 |
| Reported dividends per share | USD 3.5094 |