KEP vs. PNW: Korea Electric Power vs. Pinnacle West Capital Stock Comparison
How do Korea Electric Power (KEP) and Pinnacle West Capital (PNW) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
Korea Electric Power (KEP) and Pinnacle West Capital (PNW) are both classified in the Electric Utilities sub-industry within the broader Electric Utilities industry, placing them in the closest GICS peer bucket.
Pinnacle West Capital (PNW) trades as ordinary local shares, while Korea Electric Power (KEP) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.
| Profile Item | KEP | PNW |
|---|---|---|
| Name | Korea Electric Power Corporation Sponsored ADR | Pinnacle West Capital Corporation |
| Country/Region | South Korea | United States |
| GICS Sector | Utilities | Utilities |
| GICS Industry Group | Utilities | Utilities |
| GICS Industry | Electric Utilities | Electric Utilities |
| GICS Sub-Industry | Electric Utilities | Electric Utilities |
| Market Capitalization | 14.38 billion USD | 12.63 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | October 27, 1994 | February 21, 1973 |
| Security Type | ADR | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | KEP | PNW |
|---|---|---|
| Total Return (1Y) | -25.98% | 24.23% |
| Total Return (3Y, Annualized) | 20.85% | 18.78% |
| Total Return (5Y, Annualized) | 2.90% | 15.87% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | KEP | PNW |
|---|---|---|
| Volatility (1Y, Annualized) | 46.68% | 17.21% |
| Beta (5Y) | 0.97 | 0.48 |
| Max Drawdown (5Y) | -55.55% | -24.02% |
| Avg. Volume (3M) | 949.70K | 1.28M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | KEP | PNW |
|---|---|---|
| Sharpe Ratio (1Y) | -0.65 | 1.16 |
| Sortino Ratio (1Y) | -0.93 | 1.77 |
Profitability
ROE (TTM)
Korea Electric Power (KEP) at 16.60% sits in the top ROE quartile, while Pinnacle West Capital (PNW) at 9.09% is closer to the peer norm — stronger capital efficiency for KEP.
KEP
Utilities industry group
16.60%
- Max
- 17.99%
- KEP
- 16.60%
- Q3
- 12.01%
- Median
- 9.44%
- Q1
- 7.56%
- Min
- 2.17%
PNW
Utilities industry group
9.09%
- Max
- 17.99%
- Q3
- 12.01%
- Median
- 9.44%
- PNW
- 9.09%
- Q1
- 7.56%
- Min
- 2.17%
Net Margin (TTM)
Pinnacle West Capital (PNW) at 11.59% keeps about the industry-typical share of revenue as profit, while Korea Electric Power (KEP) at 8.04% retains only a bottom-quartile share.
KEP
Utilities industry group
8.04%
- Max
- 28.78%
- Q3
- 17.30%
- Median
- 12.73%
- Q1
- 9.18%
- KEP
- 8.04%
- Min
- -0.20%
PNW
Utilities industry group
11.59%
- Max
- 28.78%
- Q3
- 17.30%
- Median
- 12.73%
- PNW
- 11.59%
- Q1
- 9.18%
- Min
- -0.20%
Operating Margin (TTM)
Pinnacle West Capital (PNW) at 31.70% carries a top-quartile operating margin, while Korea Electric Power (KEP) at 4.73% operates in the bottom quartile.
KEP
Utilities industry group
4.73%
- Max
- 53.83%
- Q3
- 31.12%
- Median
- 23.62%
- Q1
- 15.45%
- KEP
- 4.73%
- Min
- -4.90%
PNW
Utilities industry group
31.70%
- Max
- 53.83%
- PNW
- 31.70%
- Q3
- 31.12%
- Median
- 23.62%
- Q1
- 15.45%
- Min
- -4.90%
Profitability Metrics
| Metric | KEP | PNW |
|---|---|---|
| ROE (TTM) | 16.60% | 9.09% |
| ROA (TTM) | 3.04% | 2.36% |
| Net Margin (TTM) | 8.04% | 11.59% |
| Operating Margin (TTM) | 4.73% | 31.70% |
| Gross Margin (TTM) | 15.97% | 43.84% |
Growth
Revenue Growth
Both Korea Electric Power (KEP) at 4.31% and Pinnacle West Capital (PNW) at 4.20% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.
EPS Growth
Korea Electric Power (KEP) at 144.73% clears its industry range for EPS growth, a much stronger earnings trajectory than Pinnacle West Capital (PNW) at -3.63%, which is closer to a typical peer reading.
Growth Metrics
| Metric | KEP | PNW |
|---|---|---|
| Revenue Growth (YoY) | 4.31% | 4.20% |
| Revenue Growth (3Y CAGR) | 11.03% | 7.28% |
| EPS Growth (YoY) | 144.73% | -3.63% |
| EPS Growth (3Y CAGR) | -- | 5.83% |
Financial Strength
Current Ratio (MRQ)
Pinnacle West Capital (PNW) at 0.71 keeps current ratio within its industry’s typical mid-range, while Korea Electric Power (KEP) at 0.44 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for KEP.
KEP
Utilities industry group
0.44
- Max
- 1.90
- Q3
- 1.17
- Median
- 0.88
- Q1
- 0.66
- KEP
- 0.44
- Min
- 0.29
PNW
Utilities industry group
0.71
- Max
- 1.90
- Q3
- 1.17
- Median
- 0.88
- PNW
- 0.71
- Q1
- 0.66
- Min
- 0.29
Debt / Equity (MRQ)
Both Korea Electric Power (KEP) at 2.63 and Pinnacle West Capital (PNW) at 2.26 lean more heavily on debt funding than most peers, landing in the higher-leverage quartile of their industries.
KEP
Utilities industry group
2.63
- KEP
- 2.63
- Max
- 2.63
- Q3
- 1.77
- Median
- 1.35
- Q1
- 0.84
- Min
- 0.00
PNW
Utilities industry group
2.26
- Max
- 2.63
- PNW
- 2.26
- Q3
- 1.77
- Median
- 1.35
- Q1
- 0.84
- Min
- 0.00
Financial Strength Metrics
| Metric | KEP | PNW |
|---|---|---|
| Current Ratio (MRQ) | 0.44 | 0.71 |
| Debt / Equity (MRQ) | 2.63 | 2.26 |
| Net Debt / EBITDA | 5.13 | 7.67 |
Dividends
Dividend Yield (TTM)
Pinnacle West Capital (PNW) at 3.51% pays an industry-typical yield; Korea Electric Power (KEP) at 13,891.89% is above its entire peer range — the higher number, but one that calls for a look at payout sustainability before treating it as an advantage.
KEP
Utilities industry group
13,891.89%
- KEP
- 13,891.89%
- Max
- 6.66%
- Q3
- 3.58%
- Median
- 2.85%
- Q1
- 0.66%
- Min
- 0.00%
PNW
Utilities industry group
3.51%
- Max
- 6.66%
- Q3
- 3.58%
- PNW
- 3.51%
- Median
- 2.85%
- Q1
- 0.66%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Pinnacle West Capital (PNW) at 68.42% keeps its payout within the industry’s typical band; Korea Electric Power (KEP) at 12.22% pays out less than peers usually do, retaining more of its earnings — a policy difference more than a quality gap.
KEP
Utilities industry group
12.22%
- Max
- 113.04%
- Q3
- 68.72%
- Median
- 56.38%
- Q1
- 32.38%
- KEP
- 12.22%
- Min
- 0.00%
PNW
Utilities industry group
68.42%
- Max
- 113.04%
- Q3
- 68.72%
- PNW
- 68.42%
- Median
- 56.38%
- Q1
- 32.38%
- Min
- 0.00%
Dividend Metrics
| Metric | KEP | PNW |
|---|---|---|
| Dividend Yield (TTM) | 13,891.89% | 3.51% |
| Dividend Payout Ratio (TTM) | 12.22% | 68.42% |
Valuation
P/E Ratio (TTM)
Korea Electric Power (KEP) at 2.66 trades below its industry P/E ratio range, while Pinnacle West Capital (PNW) at 19.59 is closer to a normal peer multiple — a clearer earnings-valuation discount for KEP, subject to growth and earnings quality.
KEP
Utilities industry group
2.66
- Max
- 31.22
- Q3
- 23.30
- Median
- 19.64
- Q1
- 15.17
- Min
- 3.34
- KEP
- 2.66
PNW
Utilities industry group
19.59
- Max
- 31.22
- Q3
- 23.30
- Median
- 19.64
- PNW
- 19.59
- Q1
- 15.17
- Min
- 3.34
P/S Ratio (TTM)
Korea Electric Power (KEP) at 0.00 sits in the cheaper P/S ratio quartile while Pinnacle West Capital (PNW) at 2.21 prices around its industry’s middle — KEP costs less per dollar of sales, though read it alongside growth and margins.
KEP
Utilities industry group
0.00
- Max
- 6.35
- Q3
- 3.63
- Median
- 2.63
- Q1
- 1.52
- KEP
- 0.00
- Min
- 0.00
PNW
Utilities industry group
2.21
- Max
- 6.35
- Q3
- 3.63
- Median
- 2.63
- PNW
- 2.21
- Q1
- 1.52
- Min
- 0.00
P/B Ratio (MRQ)
Korea Electric Power (KEP) at 0.38 sits in the lower P/B ratio quartile against book while Pinnacle West Capital (PNW) at 1.69 is valued near its industry’s middle — KEP is cheaper on assets, though weigh it against ROE and asset quality.
KEP
Utilities industry group
0.38
- Max
- 3.12
- Q3
- 2.21
- Median
- 1.83
- Q1
- 1.46
- KEP
- 0.38
- Min
- 0.34
PNW
Utilities industry group
1.69
- Max
- 3.12
- Q3
- 2.21
- Median
- 1.83
- PNW
- 1.69
- Q1
- 1.46
- Min
- 0.34
Valuation Metrics
| Metric | KEP | PNW |
|---|---|---|
| P/E Ratio (TTM) | 2.66 | 19.59 |
| P/S Ratio (TTM) | 0.00 | 2.21 |
| P/B Ratio (MRQ) | 0.38 | 1.69 |
| Free Cash Flow Yield (TTM) | 4,799.31% | -7.90% |