PG&E (PCG) Stock Analysis

November 11, 2026

This is a peer-relative look at PG&E (PCG): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Utilities peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for PG&E (PCG)
Profile Item	PCG
Name	PG&E Corporation
Country/Region	United States
GICS Sector	Utilities
GICS Industry Group	Utilities
GICS Industry	Electric Utilities
GICS Sub-Industry	Electric Utilities
Market Capitalization	28.57 billion USD
Currency	USD
Exchange	NYSE
Listing Date	June 1, 1972
Security Type	Common Stock

Price Performance

Cumulative Growth

PCG

GSPC

PG&E (PCG) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for PG&E (PCG) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for PG&E (PCG) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

PG&E (PCG) metric values compared with Utilities industry-group medians
Metric	Current stock: PCG	Industry group median
Total Return (1Y)	-19.03%	5.85%
Total Return (3Y, Annualized)	-6.50%	15.48%
Total Return (5Y, Annualized)	2.05%	8.14%

Risk Profile

Drawdown History

PCG

GSPC

PG&E (PCG) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for PG&E (PCG) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

PG&E (PCG) metric values compared with Utilities industry-group medians
Metric	Current stock: PCG	Industry group median
Volatility (1Y, Annualized)	34.84%	22.23%
Beta (5Y)	0.17	0.53
Max Drawdown (5Y)	-43.92%	-36.85%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. PCG is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

PG&E (PCG) metric values compared with Utilities industry-group medians
Metric	Current stock: PCG	Industry group median
Sharpe Ratio (1Y)	-0.67	0.08
Sortino Ratio (1Y)	-0.81	0.12

Profitability

ROE (TTM)

PG&E (PCG) posts ROE of 8.89%, roughly around the peer group’s normal range. Shareholders’ equity is producing a return that looks broadly typical for the industry.

PCG

Utilities industry group

8.89%

Group distribution

Max: 17.99%
Q3: 12.01%
Median: 9.44%
PCG: 8.89%
Q1: 7.56%
Min: 2.17%

Largest peers

CEG: 15.06%
NEE: 14.06%
SO: 11.90%
AEP: 10.60%
NGG: 10.31%
DUK: 10.10%
PCG: 8.89%

Where PG&E (PCG) stands on ROE within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

PG&E (PCG) keeps 11.57% of revenue as net profit, roughly in line with the peer group’s normal net margin range. Its full cost stack is taking a typical share of sales for the industry.

PCG

Utilities industry group

11.57%

Group distribution

Max: 28.78%
Q3: 17.30%
Median: 12.73%
PCG: 11.57%
Q1: 9.18%
Min: -0.20%

Largest peers

NEE: 40.37%
NGG: 21.15%
DUK: 16.16%
SO: 16.00%
AEP: 14.21%
PCG: 11.57%
CEG: 11.08%

Where PG&E (PCG) stands on net margin within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

PG&E (PCG) turns 23.64% of revenue into operating profit, roughly in line with the peer group’s normal operating margin range. Its core cost structure looks typical for the industry.

PCG

Utilities industry group

23.64%

Group distribution

Max: 53.83%
Q3: 31.12%
PCG: 23.64%
Median: 23.62%
Q1: 15.45%
Min: -4.90%

Largest peers

SO: 36.92%
NEE: 33.00%
DUK: 30.03%
NGG: 28.64%
AEP: 26.89%
PCG: 23.64%
CEG: 8.66%

Where PG&E (PCG) stands on operating margin within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

PG&E (PCG) metric values compared with Utilities industry-group medians
Metric	Current stock: PCG	Industry group median
ROE (TTM)	8.89%	9.44%
ROA (TTM)	2.59%	3.08%
Net Margin (TTM)	11.57%	12.73%
Operating Margin (TTM)	23.64%	23.62%
Gross Margin (TTM)	40.57%	44.03%

Growth

Revenue Growth

PG&E (PCG) grew revenue 2.11%, in the lower peer quartile. The top line is expanding more slowly than at most peers, which can reflect softer demand, lost share, or weaker pricing.

PG&E (PCG): Revenue Growth across different time periods, set against Utilities industry-group medians.

EPS Growth

PG&E (PCG) grew earnings per share 2.61%, roughly around the peer group's normal range. Bottom-line momentum looks broadly typical for the industry.

PG&E (PCG): EPS Growth across different time periods, set against Utilities industry-group medians.

Growth Metrics

PG&E (PCG) metric values compared with Utilities industry-group medians
Metric	Current stock: PCG	Industry group median
Revenue Growth (YoY)	2.11%	8.45%
Revenue Growth (3Y CAGR)	4.77%	3.87%
EPS Growth (YoY)	2.61%	3.93%
EPS Growth (3Y CAGR)	12.00%	5.25%

Financial Strength

Current Ratio (MRQ)

PG&E (PCG) has current ratio of 1.03, in the healthier middle range for its industry. The short-term asset cushion looks balanced relative to peers rather than stretched thin.

PCG

Utilities industry group

1.03

Group distribution

Max: 1.90
Q3: 1.17
PCG: 1.03
Median: 0.88
Q1: 0.66
Min: 0.29

Largest peers

CEG: 1.46
PCG: 1.03
SO: 0.84
DUK: 0.68
NGG: 0.62
NEE: 0.53
AEP: 0.51

Where PG&E (PCG) stands on current ratio within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

PG&E (PCG) has debt-to-equity ratio of 1.88, in the higher-leverage quartile for its industry. The heavier reliance on borrowing can make earnings, rates, or refinancing conditions matter more.

PCG

Utilities industry group

1.88

Group distribution

Max: 2.63
PCG: 1.88
Q3: 1.77
Median: 1.35
Q1: 0.84
Min: 0.00

Largest peers

PCG: 1.88
SO: 1.68
DUK: 1.63
AEP: 1.62
NEE: 1.53
NGG: 1.32
CEG: 0.76

Where PG&E (PCG) stands on debt-to-equity ratio within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

PG&E (PCG) metric values compared with Utilities industry-group medians
Metric	Current stock: PCG	Industry group median
Current Ratio (MRQ)	1.03	0.88
Debt / Equity (MRQ)	1.88	1.35
Net Debt / EBITDA	6.05	5.31

Dividends

Dividend Yield (TTM)

PG&E (PCG) has dividend yield of 1.51%, in the industry’s normal income range. It provides a meaningful dividend without the red flag of an unusually high headline yield.

PCG

Utilities industry group

1.51%

Group distribution

Max: 6.66%
Q3: 3.58%
Median: 2.85%
PCG: 1.51%
Q1: 0.66%
Min: 0.00%

Largest peers

DUK: 3.29%
SO: 3.21%
AEP: 3.00%
NEE: 2.76%
PCG: 1.51%
CEG: 0.68%
NGG: 0.57%

Where PG&E (PCG) stands on dividend yield within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

PG&E (PCG) has payout ratio of 14.81%, below the peer payout band. More earnings are being kept inside the business, but that is a dividend-policy choice rather than a coverage advantage on its own.

PCG

Utilities industry group

14.81%

Group distribution

Max: 113.04%
Q3: 68.72%
Median: 56.38%
Q1: 32.38%
PCG: 14.81%
Min: 0.00%

Largest peers

NGG: 71.97%
SO: 68.49%
DUK: 62.76%
AEP: 62.09%
NEE: 43.89%
CEG: 15.92%
PCG: 14.81%

Where PG&E (PCG) stands on payout ratio within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

PG&E (PCG) metric values compared with Utilities industry-group medians
Metric	Current stock: PCG	Industry group median
Dividend Yield (TTM)	1.51%	2.85%
Dividend Payout Ratio (TTM)	14.81%	56.38%

Valuation

P/E Ratio (TTM)

PG&E (PCG) trades at P/E ratio of 9.61, in the cheaper earnings-multiple quartile for its industry. Investors are paying less for each dollar of TTM earnings than they usually pay for comparable businesses.

PCG

Utilities industry group

9.61

Group distribution

Max: 31.22
Q3: 23.30
Median: 19.64
Q1: 15.17
PCG: 9.61
Min: 3.34

Largest peers

CEG: 24.43
SO: 21.08
AEP: 20.67
DUK: 18.74
NEE: 15.67
NGG: 15.54
PCG: 9.61

Where PG&E (PCG) stands on P/E ratio within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

PG&E (PCG) trades at 1.11 on P/S ratio, in the lower sales-valuation quartile for its industry. That points to a cheaper revenue stream than most peers, with margin quality still doing the heavy lifting.

PCG

Utilities industry group

1.11

Group distribution

Max: 6.35
Q3: 3.63
Median: 2.63
Q1: 1.52
PCG: 1.11
Min: 0.00

Largest peers

NEE: 6.33
NGG: 4.46
SO: 3.45
DUK: 2.99
AEP: 2.92
CEG: 2.83
PCG: 1.11

Where PG&E (PCG) stands on P/S ratio within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

PG&E (PCG) trades at 0.87 on P/B ratio, in the lower book-value quartile for its industry. Investors are paying less for the balance-sheet equity than they pay for most peers, with returns on that equity still central to the read.

PCG

Utilities industry group

0.87

Group distribution

Max: 3.12
Q3: 2.21
Median: 1.83
Q1: 1.46
PCG: 0.87
Min: 0.34

Largest peers

NGG: 9.36
NEE: 2.97
CEG: 2.78
SO: 2.56
AEP: 2.10
DUK: 1.83
PCG: 0.87

Where PG&E (PCG) stands on P/B ratio within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

PG&E (PCG) metric values compared with Utilities industry-group medians
Metric	Current stock: PCG	Industry group median
P/E Ratio (TTM)	9.61	19.64
P/S Ratio (TTM)	1.11	2.63
P/B Ratio (MRQ)	0.87	1.83
Free Cash Flow Yield (TTM)	-22.73%	-7.11%