PG&E Corporation (PCG) Key Metrics
PCG valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $39.30B
- Enterprise value
- $102.57B
- P/E (TTM)
- 9.5 10-yr median 17.2
- Forward P/E
- 6.9
- PEG ratio
- 0.52
- Price / sales
- 1.5 10-yr median 1.4
- Price / book
- 1.2 10-yr median 1.1
- EV / EBITDA
- 9.7 10-yr median 10.6
- Dividend yield
- 1.12% $0.20 a year
- Beta
- 0.28
PCG key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsPCG valuation Price multiples at each fiscal year-end price.
PCG returns How much profit the business earns on the capital it uses.
PCG per-share figures Results divided by the shares outstanding at year-end.
PCG financial health Debt, liquidity and how easily interest is covered.
PCG efficiency & capital use Working capital cycle and where the cash goes.
PCG valuation history
PCG returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
PCG debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
PCG cash returned to shareholders
PCG price vs earnings per share
PCG key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $35.39B | $43.33B | $38.55B | $34.67B | $24.10B | $15.66B | $5.74B | $12.28B | $23.00B | $30.45B |
| Enterprise value | $96.01B | $100.73B | $95.65B | $87.47B | $69.26B | $57.78B | $29.35B | $32.61B | $41.68B | $48.70B |
| P/E ratio | 13.1 | 17.2 | 17.1 | 19.1 | — | — | — | — | 13.9 | 21.6 |
| Price / sales | 1.4 | 1.8 | 1.6 | 1.6 | 1.2 | 0.8 | 0.3 | 0.7 | 1.3 | 1.7 |
| Price / book | 1.1 | 1.4 | 1.5 | 1.5 | 0.9 | 0.7 | 1.1 | 1.0 | 1.2 | 1.7 |
| Price / free cash flow | — | — | — | — | — | — | — | — | 68.4 | — |
| Price / operating cash flow | 4.1 | 5.4 | 8.1 | 9.3 | 10.7 | — | 1.2 | 2.6 | 3.8 | 6.9 |
| EV / sales | 3.9 | 4.1 | 3.9 | 4.0 | 3.4 | 3.1 | 1.7 | 1.9 | 2.4 | 2.8 |
| EV / EBITDA | 9.2 | 10.1 | 12.2 | 13.0 | 11.0 | 13.8 | — | — | 7.0 | 9.7 |
| EV / free cash flow | — | — | — | — | — | — | — | — | 124.0 | — |
| Earnings yield | 7.6% | 5.8% | 5.9% | 5.2% | −0.4% | −8.3% | −133.2% | −55.7% | 7.2% | 4.6% |
| Free cash flow yield | −8.7% | −5.4% | −12.9% | −16.9% | −22.5% | −171.2% | −26.1% | −14.3% | 1.5% | −4.3% |
| Dividend yield | 0.9% | 0.2% | 0.0% | 0.0% | — | — | 0.0% | 0.0% | 4.4% | 3.0% |
| Shareholder yield (dividends + buybacks) | 0.9% | 0.2% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 4.4% | 3.0% |
| Share price at fiscal year-end | $16.07 | $20.18 | $18.03 | $16.26 | $12.14 | $12.46 | $10.87 | $23.75 | $44.83 | $60.77 |
| Per share | ||||||||||
| Revenue per share | $11.32 | $11.37 | $11.43 | $10.17 | $10.40 | $14.69 | $32.44 | $32.42 | $33.40 | $35.26 |
| Earnings per share | $1.23 | $1.17 | $1.06 | $0.85 | −$0.04 | −$1.04 | −$14.47 | −$13.22 | $3.24 | $2.81 |
| Operating cash flow per share | $3.96 | $3.74 | $2.22 | $1.75 | $1.14 | −$15.22 | $9.12 | $9.19 | $11.65 | $8.80 |
| Free cash flow per share | −$1.39 | −$1.09 | −$2.32 | −$2.75 | −$2.73 | −$21.34 | −$2.84 | −$3.41 | $0.65 | −$2.59 |
| Cash per share | $0.32 | $0.44 | $0.30 | $0.34 | $0.08 | $0.39 | $2.97 | $3.23 | $0.88 | $0.35 |
| Book value per share | $14.78 | $14.04 | $11.71 | $10.70 | $12.90 | $16.71 | $10.20 | $24.96 | $37.47 | $35.81 |
| Tangible book value per share | $14.78 | $14.04 | $11.71 | $10.70 | $12.90 | $16.71 | $10.20 | $24.96 | $37.47 | $35.81 |
| Dividends per share | $0.14 | $0.04 | $0.00 | $0.00 | — | — | $0.00 | $0.00 | $1.99 | $1.84 |
| Capex per share | $5.35 | $4.83 | $4.54 | $4.50 | $3.87 | $6.12 | $11.96 | $12.60 | $11.00 | $11.40 |
| Debt per share | $27.85 | $27.17 | $27.00 | $25.11 | $22.84 | $33.89 | $47.69 | $42.56 | $37.29 | $36.80 |
| Shares outstanding | 2.20B | 2.15B | 2.14B | 2.13B | 1.99B | 1.26B | 528.0M | 517.0M | 513.0M | 501.0M |
| Change in shares outstanding | +2.6% | +0.4% | +0.3% | +7.4% | +57.9% | +138.1% | +2.1% | +0.8% | +2.4% | +2.9% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 8.6% | 9.1% | 9.4% | 7.5% | −0.4% | −9.9% | −83.6% | −42.6% | 8.9% | 8.2% |
| Return on invested capital (ROIC) | 5.4% | 5.3% | 5.1% | 3.7% | 1.6% | 3.4% | 3.8% | 5.1% | 6.2% | 8.0% |
| Return on assets (ROA) | 2.0% | 1.9% | 1.8% | 1.6% | −0.1% | −1.4% | −9.4% | −9.4% | 2.4% | 2.1% |
| Return on tangible assets | 1.9% | 1.9% | 1.8% | 1.5% | −0.1% | −1.3% | −9.0% | −8.9% | 2.4% | 2.1% |
| Free cash flow margin | −12.3% | −9.6% | −20.3% | −27.0% | −26.3% | −145.2% | −8.7% | −10.5% | 2.0% | −7.4% |
| Income quality (OCF / net income) | 3.22 | 3.20 | 2.10 | 2.05 | — | — | — | — | 3.60 | 3.13 |
| Financial health | ||||||||||
| Total debt | $61.34B | $58.34B | $57.73B | $53.54B | $45.33B | $42.60B | $25.18B | $22.00B | $19.13B | $18.44B |
| Cash & short-term investments | $713.0M | $940.0M | $635.0M | $734.0M | $165.0M | $484.0M | $1.57B | $1.67B | $449.0M | $177.0M |
| Net debt | $60.62B | $57.40B | $57.10B | $52.80B | $45.17B | $42.12B | $23.61B | $20.34B | $18.68B | $18.26B |
| Debt / equity | 1.88 | 1.94 | 2.31 | 2.35 | 1.77 | 2.03 | 4.67 | 1.71 | 1.00 | 1.03 |
| Debt / assets | 0.43 | 0.44 | 0.46 | 0.45 | 0.44 | 0.44 | 0.30 | 0.29 | 0.28 | 0.27 |
| Net debt / EBITDA | 5.81 | 5.78 | 7.27 | 7.85 | 7.20 | 10.03 | — | — | 3.16 | 3.62 |
| Current ratio | 0.97 | 1.05 | 0.83 | 0.81 | 0.64 | 0.71 | 1.33 | 0.22 | 0.88 | 0.81 |
| Quick ratio | 0.92 | 1.00 | 0.78 | 0.76 | 0.61 | 0.66 | 1.25 | 0.21 | 0.81 | 0.75 |
| Interest coverage | 1.6 | 1.5 | 1.4 | 1.4 | 1.3 | 1.6 | 1.6 | 2.5 | 3.4 | 3.5 |
| Working capital | −$470.0M | $886.0M | −$2.93B | −$2.97B | −$6.22B | −$3.98B | $2.53B | −$32.50B | −$848.0M | −$1.40B |
| Invested capital | $93.16B | $87.55B | $82.14B | $75.63B | $70.78B | $63.12B | $29.00B | $33.24B | $37.90B | $36.20B |
| Tangible asset value | $32.79B | $30.40B | $25.29B | $23.07B | $25.61B | $21.25B | $5.39B | $12.90B | $19.47B | $18.19B |
| Net current asset value | −$92.99B | −$86.04B | −$86.02B | −$82.75B | −$66.48B | −$67.00B | −$69.64B | −$54.90B | −$42.26B | −$44.24B |
| Graham number | $20.20 | $19.23 | $16.68 | $14.32 | — | — | — | — | $52.23 | $47.57 |
| Graham net-net per share | −$44.91 | −$43.01 | −$42.79 | −$41.18 | −$35.64 | −$56.64 | −$137.64 | −$111.08 | −$87.03 | −$92.59 |
| Capital allocation | ||||||||||
| Dividends paid | $317.0M | $86.0M | $0 | $0 | — | — | $0 | $0 | $1.02B | $921.0M |
| Share buybacks (net) | — | $0 | — | — | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividend payout ratio | 11.7% | 3.4% | 0.0% | 0.0% | — | — | — | — | 61.5% | 65.5% |
| Dividends + buybacks / free cash flow | — | — | — | — | — | — | — | — | 303.9% | — |
| Capex / revenue | 47.3% | 42.5% | 39.8% | 44.2% | 37.2% | 41.6% | 36.9% | 38.9% | 32.9% | 32.3% |
| Capex / operating cash flow | 135.2% | 129.0% | 204.6% | 257.6% | 339.9% | — | 131.1% | 137.1% | 94.4% | 129.5% |
| Capex / depreciation | 2.36 | 2.27 | 2.26 | 2.21 | 1.96 | 1.98 | 1.95 | 2.15 | 1.98 | 2.07 |
| Stock-based compensation / revenue | — | — | 0.4% | 0.5% | 0.3% | 0.2% | 0.3% | 0.5% | 0.5% | 0.6% |
| SG&A / revenue | 1.6% | 1.4% | 2.6% | 0.7% | 0.7% | — | 0.2% | 0.3% | 0.0% | 0.1% |
| Efficiency | ||||||||||
| Days sales outstanding | 179.3 | 173.4 | 144.1 | 145.8 | 129.3 | 129.7 | 141.5 | 115.0 | 96.7 | 92.7 |
| Days of inventory on hand | 14.9 | 20.2 | 15.3 | 13.8 | 12.1 | 14.1 | 14.0 | 13.1 | 12.2 | 11.1 |
| Days payables outstanding | 55.5 | 60.5 | 46.4 | 55.1 | 51.8 | 48.3 | 45.9 | 45.8 | 40.5 | 35.9 |
| Cash conversion cycle (days) | 138.7 | 133.1 | 113.0 | 104.5 | 89.5 | 95.5 | 109.6 | 82.4 | 68.4 | 67.9 |
| Receivables turnover | 2.04 | 2.11 | 2.53 | 2.50 | 2.82 | 2.81 | 2.58 | 3.17 | 3.77 | 3.94 |
| Payables turnover | 6.57 | 6.04 | 7.86 | 6.62 | 7.04 | 7.56 | 7.96 | 7.98 | 9.01 | 10.16 |
| Inventory turnover | 24.45 | 18.06 | 23.86 | 26.42 | 30.23 | 25.82 | 26.04 | 27.91 | 29.98 | 32.76 |
| Asset turnover | 0.18 | 0.19 | 0.20 | 0.20 | 0.21 | 0.20 | 0.21 | 0.23 | 0.25 | 0.27 |
| Average receivables | $12.25B | $11.60B | $9.65B | $8.66B | $7.31B | $6.56B | $6.64B | $5.28B | $4.54B | $4.49B |
| Average payables | $3.05B | $2.53B | $2.60B | $2.87B | $2.63B | $2.18B | $1.96B | $1.81B | $1.57B | $1.45B |
| Average inventory | $820.0M | $845.0M | $856.0M | $719.0M | $612.0M | $637.5M | $600.5M | $517.5M | $472.0M | $451.0M |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from PCG's annual financial statements (latest annual report filed February 12, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
PCG valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), PG&E traded at 13.1 times earnings, against a 10-year median of 17.2. Based on the latest twelve months, the trailing P/E is 9.5 and the forward P/E is 6.9. PG&E earned a return on equity of 8.6% and a return on invested capital of 5.4% in fiscal 2025. It ended the year with $61.3 billion of debt and $713.0 million in cash and short-term investments, net debt of $60.6 billion. It returned $317.0 million to shareholders: $317.0 million in dividends and $0 in share buybacks. The share count rose 339.5% from 501.0M to 2.20B over 9 years.
See the PCG income statement, the PCG chart for price history, or the PCG stock overview for the latest quote and news.
PCG key metrics FAQ
What is PG&E's P/E ratio?
PG&E's trailing P/E ratio is 9.5 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 6.9. At the end of fiscal 2025 it was 13.1, compared with a 10-year median of 17.2.
What is PG&E's EV/EBITDA?
PG&E's enterprise value was 9.2 times EBITDA at the end of fiscal 2025 (enterprise value $96.0 billion, EBITDA $10.4 billion); the current EV/EBITDA is 9.7.
What is PG&E's return on equity?
PG&E's return on equity (ROE) was 8.6% in fiscal 2025: net income of $2.7 billion on average shareholders' equity of $31.3 billion.
What is PG&E's ROIC?
PG&E's return on invested capital was 5.4% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does PG&E have?
PG&E had total debt of $61.3 billion at the end of fiscal 2025, a debt-to-equity ratio of 1.88 and $60.6 billion of net debt (5.81 times EBITDA).
What is PG&E's dividend yield?
PG&E's forward dividend yield is 1.12%. PG&E paid $317.0 million in dividends in fiscal 2025 ($0.14 per share), a payout ratio of 11.7%.
What is PG&E's free cash flow yield?
PG&E generated -$3.1 billion of free cash flow in fiscal 2025, a free cash flow yield of −8.7% on its market value at year-end ($35.4 billion).
What is PG&E's current ratio?
PG&E's current ratio was 0.97 at the end of fiscal 2025: current assets were 0.97 times current liabilities.
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