PCG · rate-regulated utility · book-value and yield view
PG&E Corporation (PCG): Valuation Snapshot
PG&E Corporation (PCG) is a rate-regulated utility, and a discounted-cash-flow model is the wrong lens for one, so TickerWorth does not publish a DCF fair value for it. What its filings and market data do show is below. Snapshot as of Oct 20, 2026.
Model by Miraaj Patel · generated from public market data · Updated Oct 20, 2026 · How these pages are made
Why is there no fair value for PCG?
This is a rate-regulated utility. Its returns are set by a regulator on an approved rate base rather than won in a market, so a free-cash-flow DCF is the wrong lens — heavy ongoing capex is the business model, not a cash-flow problem. We show the regulated-asset lenses — book value, earnings and dividend — instead.
What is PCG's TickerWorth Score?
Cheap against our estimate — but a weaker business
Compared with Utilities companies in US
Its strongest point: trades below our estimate of what it's worth. Its weakest: recent price trend has been weak.
- Value · 76 of 100
Cheaper than 76% of Utilities companies in US
- Price vs worth · 100 of 100
- Quality · 41 of 100
More profitable than 41% of Utilities companies in US
- Financial health · 48 of 100
Financially stronger than 48% of Utilities companies in US
- Growth · 61 of 100
Growing faster than 61% of Utilities companies in US
- Momentum · 10 of 100
Outperformed 10% of Utilities companies in US over the past year
Confidence: Medium confidence · Scored
Get the Undervalued Company of the Week.
- Price
- $13.18
- Market cap
- $39,
571, 197, 952 - 52-week high
- $19.16
- 52-week low
- $11.77
- Currency
- USD
- Exchange
- NYSE
Snapshot of Oct 20, 2026, quote time not published · Prices are delayed.
What we can say
PG&E Corporation (PCG) is a rate-regulated utility, and a free-cash-flow discounted-cash-flow (DCF) model is structurally the wrong lens for one. Its returns are not won in a market — a regulator sets them on an approved rate base — and the heavy, permanent capital spending that depresses its free cash flow is the business model rather than a problem with it. We have the data to print a DCF number for PCG; we don't publish one because the model's assumptions don't describe how this company actually earns. What follows is the lenses that do — descriptive, not a valuation, and not investment advice.
Read the full reasoning
On the numbers we do have, PCG trades at a recent price of $13.18, a market capitalisation of about $39,571,197,952, sitting 19% of the way up its 52-week range ($11.77–$19.16), on the NYSE.
The standard alternative to a DCF is relative valuation — comparing PCG's trading multiples against a sector benchmark. Here that gives P/E of 9.6× (cheaper than the peer median of 21.5×); Fwd P/E of 7.3× (cheaper than the peer median of 17.9×); P/B of 0.9× (cheaper than the peer median of 2.1×); P/S of 1.5× (cheaper than the peer median of 3.0×); EV/EBITDA of 9.0× (cheaper than the peer median of 13.5×); Dividend yield of 1.5% (richer than the peer median of 3.4%). A cheaper multiple than peers can flag a discount or a market that expects weaker growth; it is a comparison, not a recommendation.
The asset, or book-value, lens is the classic tool for asset-heavy businesses and financials. PCG shows a price-to-book (P/B) of 0.90 and book value of $14.68 per share. Price-to-book compares the market price to the accounting net-asset value per share; below 1.0 can mean a discount to net assets or that the market is pricing in trouble — descriptive either way, never a buy signal on its own.
Finally, a price-based read — explicitly not a valuation. PCG is in a down-trend (price below both its 50- and 200-day averages), trading -31.2% from its 52-week high. Over the past year the stock is -21.6%. Moving-average trend and 52-week position describe where the stock has traded; they say nothing about what it is worth.
To be exact about what this page is not: we are not saying the numbers for PCG are unavailable. They are, and they are above. We are saying a discounted-cash-flow model is the wrong instrument for this kind of business, and publishing one anyway — because the inputs happen to exist — would be a precise answer to the wrong question. Refusing is the more useful answer, and it is the same rule we apply to every name in this category.
PCG vs peers
Sector benchmark (bellwethers, not direct competitors).
| Multiple | PCG | Peer median | Read |
|---|---|---|---|
| P/E | 9.6× | 21.5× | cheaper than |
| Fwd P/E | 7.3× | 17.9× | cheaper than |
| P/B | 0.9× | 2.1× | cheaper than |
| P/S | 1.5× | 3.0× | cheaper than |
| EV/EBITDA | 9.0× | 13.5× | cheaper than |
| Dividend yield | 1.5% | 3.4% | richer than |
What does PG&E Corporation do?
What does it do?
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. It operates in the Utilities - Regulated Electric industry (Utilities sector), headquartered in United States. The company employs roughly 29,010 people.
How does it make money?
The business turns $24.9B in annual revenue into profit. Out of every $100 of sales, about $25 is left as operating profit (operating margin of 24.8%), after a 40% gross margin on the products/services it sells. After all costs, taxes and interest, 11.8% of revenue becomes bottom-line net profit.
Is it financially healthy?
Financially it looks stretched: carries moderate debt (1.9× equity), can just cover its short-term bills (1.2× current ratio), and is currently profitable.
Who at PCG filed insider trades?
| Date | Insider | Relationship | What happened | Value | Filing |
|---|---|---|---|---|---|
| LARSEN JOHN O | Director | Open-market buy | $91,500.00 | Form 4 for LARSEN JOHN O (opens sec.gov in a new tab) | |
| Fugate William Craig | Director | Open-market sale | $89,440.00 | Form 4 for Fugate William Craig (opens sec.gov in a new tab) | |
| Vallejo Alejandro T | EVP, Chief People Officer | Grant / award | — | Form 4 for Vallejo Alejandro T (opens sec.gov in a new tab) | |
| Vallejo Alejandro T | EVP, Chief People Officer | Shares withheld (tax) | $88,394.68 | Form 4 for Vallejo Alejandro T (opens sec.gov in a new tab) | |
| Cooper Kerry Whorton | Director | Open-market sale | $22,500.00 | Form 4 for Cooper Kerry Whorton (opens sec.gov in a new tab) | |
| Santos Marlene | — | Open-market sale | $2,848,500.00 | Form 4 for Santos Marlene (opens sec.gov in a new tab) |
A disclosure, not a signal to trade. Source: SEC EDGAR (Form 4). Older filings and the 90-day buying-and-selling read are part of Pro. See plans
Companies we do put a number on
Not investment advice. TickerWorth Score is a model output.
A descriptive, available-data snapshot and relative comparison — NOT a DCF, NOT a price target, and NOT investment advice. TickerWorth is not a licensed investment adviser, and these figures are estimates from public market data that can be wrong, stale or incomplete.
Save this valuation
PCG goes on your watchlist, where its valuation is re-run as new filings land — so you read the current number, not the one from today.