PG&E Corp (PCG) fair value: what the stock is really worth
We calculate from audited financials what PG&E Corp is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.
Compare price with fair valuebelow fair value = cheap, above = expensive
Check the quality50 and up solid, 75 and up strong
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Utilities · US · Market cap $38.6B · ISIN US69331C1080
At a glance
PEPG&E CorpPCG · US
Price$14.03
Fair Value$18.65
Upside+32.9%
Quality35/100
Below-average quality, trading 25% below our fair value of $18.65.
As of Aug 13, 2026, the fair value of PG&E Corp is $18.65 per share against a price of $14.03, so the fair value sits 33% above the price. A model estimate from reported figures, not an analyst target.
!Expensive Growth (revenue 5y +6.2 %/yr)
✓Solidly profitable · 11.0% net margin
!High debt · negative free cash flow
·1.07% dividend yield
!Mixed vs. peers (8/14)
!Moderate moat 49/100
!Weak on balance sheet: 12 out of 100
!Weak on dividend: 21 out of 100
Evidence: HighRange $12.74 to $23.21
Fair value as of: Aug 13, 2026
From 13 valuation models · updated 28 days ago
Share price −18.9% over the past month.
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What matters now
The large discount to fair value meets weak quality (35/100). That raises the risk this is a value trap rather than a bargain.
A fairly wide model range ($12.74 to $23.21) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range $8.15 – $21.31 · fair‑value band $12.74 – $23.21 · the $14.03 price screens below the $18.65 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.
PG&E Corp (PCG) currently trades at $14.03, while our model-based Fair Value estimate is $18.65, implying the stock looks roughly 24.8% undervalued today. The Quality Score stands at 35/100 (below-average quality), in the Utilities sector. Bull case: the Multiples group reads highest at a median of $19.08 per share, and 6 of the 13 models we run sit above the $14.03 price. Bear case: the Dividend Discount group reads lowest at $1.93, and 7 of the 13 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, PG&E Corp generated revenue of $25.8B at a net margin of 11.0%. Revenue grew 15.0% year over year. It earns a return on equity of 8.8%. Net debt stands at $60.6B. Fundamentals as of Aug 13, 2026
Scenario range: $12.74 (bear) to $23.21 (bull), the price of $14.03 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 27% below its 52-week high and 9% above its 52-week low, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at −38% fair-value upside, at 33%, PCG screens cheaper than that median.
Fair Value models
Based on fiscal year 2025 figures (about 8 months old). Earnings retained since then ($0.7933 per share) are deliberately not added.
Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →
ModelBear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence
Highest evidence
Residual Income best evidence$12.36$13.32$16.3276
Gordon GGM$1.32$2.13$3.0668
DDM Multi-Stage$1.32$1.93$2.6067
All 13 models by family
Earnings-Based
Graham-Dodd$8.35$18.65$23.8365
PEG = 1.0$3.02$4.32$5.6257
Dividend Discount
Gordon GGM$1.32$2.13$3.0668
DDM Multi-Stage$1.32$1.93$2.6067
Multiples
P/E Multiple$16.57$22.09$27.6263
P/S Multiple$15.65$20.87$26.0858
P/B Multiple$15.65$20.87$26.0855
EV/EBITn/a$7.53$15.8561
EV/EBITDA$7.88$19.08$30.2963
EV/Revenuen/a$2.57$11.0650
Asset-Based
NCAV (Graham)$7.39$9.90$14.7854
Economic Profit
Residual Income best evidence$12.36$13.32$16.3276
Growth Earnings
Growth-Adj P/E$12.50$17.85$23.2167
Widest divergence: Multiples ($19.08) versus Dividend Discount ($1.93). Highest evidence: Residual Income (76).
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Key figures & financial health
P/E ratio10.9
P/S ratio1.18P/E × margin
EPS (TTM)$1.29price ÷ EPS = P/E 10.9
Dividend yield1.1%payout 11.6%
Net margin10.8%FY2025
Return on equity8.8%TTM
More key figures
Profitability
Return on assets (EBIT)2.9%avg 5y
Operating margin23.9%TTM
Growth
Revenue (TTM)$25.8BTTM
Revenue growth (YoY)+15.0%3y avg +4.8%
EPS growth (YoY)+39.8%
Balance sheet & cash flow
Free cash flow−$3.1BFY2025
Net debt$60.6BFY2025
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Overall quality35/100
Of which business quality 34
· Market factors (momentum, volatility) 41
Profitability25
Margins and returns on capital today
Quality Growth32
Are margins and returns improving?
Cashflow50
Earnings quality: real cash, not paper profit
Fin. Strength9
Balance sheet, leverage, solvency risk
Investment36
Disciplined investing over empire-building
Low Volatility76
Calm price path (market factor)
Momentum30
Price trend over the last 3–12 months (market factor)
52W Momentum21
Distance to the 52-week high (market factor)
Net Issuance63
Buybacks instead of dilution
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
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.
Full company description
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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
PG&E Corp reported revenue of $24.9B in FY2025 versus $20.6B in FY2021, a compound +4.8%/yr. Reported net income was $2.7B in FY2025.
Growth Quality 39/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
$24.9B
Latest YoY
+2.1%
Avg. revenue growth/yr (3Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+4.8%
Avg. revenue growth/yr (5Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+6.2%
Avg. revenue growth/yr (40Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+2.7%
Value creation/yr (3Y) ⓘEarnings growth per share (CAGR 3 years, adjusted) plus dividend yield: value created per share and year.
+80.3%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+79.2%
Dividend yield1.1%
Operating margin (EBIT) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.10.9% (2020) → 19.6% (2025) · rising
Worst earnings drop486% (2019) (loss year, drop beyond 100%) · in USD
⚠ Revenue per share shrinking 10.6%/yr over ~10Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
This stockSector peers
VALUE77· sector 3
FUTURE75· sector 32
PAST35· sector 39
HEALTH12· sector 53
DIVIDEND21· sector 64
Insider activity: 44/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
None of the checked exposures detected
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As of Aug 13, 2026, our model estimates a fair value of $18.65 versus a price of $14.03, about +33% upside (undervalued).
What is the fair value of PCG?
Our model-based fair value for PG&E Corp is $18.65 (as of Aug 13, 2026), built from audited fundamentals. The current price: $14.03.
What is the quality score of PCG?
PG&E Corp has a Quality Score of 35/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for PG&E Corp (PCG)?
Our model-based price target is the fair value of $18.65 (as of Aug 13, 2026) from 13 valuation models. Cautious scenario $12.74, optimistic scenario $23.21. It is a calculation from audited fundamentals, not an analyst target.
What is the PG&E Corp stock forecast for 2026?
Our models put fair value at $18.65, about +33% upside versus a price of $14.03 (undervalued). Cautious scenario $12.74, optimistic scenario $23.21. The calculation is refreshed regularly with new filings.
What is the revenue of PG&E Corp (PCG)?
PG&E Corp reported trailing-twelve-month revenue of about $25.8B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of PCG?
The net profit margin of PG&E Corp is about 11.0%, meaning it keeps roughly 11.0% of revenue as net income. Based on the latest reported figures.
Does PG&E Corp pay a dividend?
PG&E Corp currently shows a dividend yield of about 1.07% relative to its recent price (as of Aug 13, 2026).
What is the intrinsic value of PG&E Corp (PCG)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For PG&E Corp it is $18.65 per share (as of Aug 13, 2026), against a price of $14.03. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is PG&E Corp stock overvalued or undervalued in 2026?
As of Aug 13, 2026, PCG trades below its calculated fair value: price $14.03, fair value $18.65, a gap of about +33% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of PCG?
No. The price is what the market pays today ($14.03); the fair value is what the company's own numbers justify ($18.65). For PG&E Corp the two are $4.62 per share apart. That gap is exactly why we show both numbers side by side.
How much is PG&E Corp worth?
The market values PG&E Corp at about $38.6B (market capitalisation, as of Aug 13, 2026). Per share that is $14.03; our models calculate a fair value of $18.65 per share.
What do the bullish and bearish scenarios say about PCG?
Our models span a range for PG&E Corp: cautious scenario $12.74, base $18.65, optimistic $23.21 per share (as of Aug 13, 2026, price $14.03). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of PCG?
PG&E Corp trades at a price-to-earnings ratio of 10.9 (as of Aug 13, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $18.65 is built from several models across several years. Other multiples: PEG 0.8, P/B 1.2, P/S 1.5, EV/EBITDA 9.2.
What is the PEG ratio of PCG?
The PEG ratio of PG&E Corp is 0.76 (P/E divided by earnings growth, as of Aug 13, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of PG&E Corp (PCG)?
Balance-sheet figures for PG&E Corp (as of Aug 13, 2026): return on equity 8.8%, debt of 1.76 per unit of equity. They feed the Quality Score of 35/100, which measures business quality independently of the share price.
How far is PCG from its 52-week high?
PG&E Corp trades at $14.03, about 27% below its 52-week high of $19.11 and 9% above the low of $12.87 (as of Aug 13, 2026). Distance from the high says nothing about value: that is what the fair value of $18.65 is for.
Which stocks are comparable to PG&E Corp?
From the same area (Utilities) we also value NextEra Energy, Inc, The Southern Company, Duke Energy Corporation, National Grid plc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is PG&E Corp stock attractive at the current price?
The data as of Aug 13, 2026: price $14.03, calculated fair value $18.65 (+33%), Quality Score 35/100, from 13 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of PCG calculated?
We run PG&E Corp through 13 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $18.65, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 32.6 % above its aggregate fair value. PG&E Corp currently trades 33 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on <a href="/is-it-worth-investing-now/">is it worth investing now</a>.
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PG&E Corp
PCG · US