PNW vs. SBS: Pinnacle West Capital vs. Sabesp Stock Comparison
How do Pinnacle West Capital (PNW) and Sabesp (SBS) 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
Pinnacle West Capital (PNW) and Sabesp (SBS) both fall under the Utilities industry group, but PNW is classified in Electric Utilities while SBS is classified in Water Utilities.
Pinnacle West Capital (PNW) trades as ordinary local shares, while Sabesp (SBS) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.
| Profile Item | PNW | SBS |
|---|---|---|
| Name | Pinnacle West Capital Corporation | Companhia de Saneamento Básico do Estado de São Paulo - SABESP ADR |
| Country/Region | United States | Brazil |
| GICS Sector | Utilities | Utilities |
| GICS Industry Group | Utilities | Utilities |
| GICS Industry | Electric Utilities | Water Utilities |
| GICS Sub-Industry | Electric Utilities | Water Utilities |
| Market Capitalization | 12.63 billion USD | 16.96 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | February 21, 1973 | May 10, 2002 |
| Security Type | Common Stock | ADR |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | PNW | SBS |
|---|---|---|
| Total Return (1Y) | 24.23% | -3.72% |
| Total Return (3Y, Annualized) | 18.78% | 28.33% |
| Total Return (5Y, Annualized) | 15.87% | 32.85% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | PNW | SBS |
|---|---|---|
| Volatility (1Y, Annualized) | 17.21% | 46.80% |
| Beta (5Y) | 0.48 | 0.76 |
| Max Drawdown (5Y) | -24.02% | -37.59% |
| Avg. Volume (3M) | 1.28M | 11.85M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | PNW | SBS |
|---|---|---|
| Sharpe Ratio (1Y) | 1.16 | -0.17 |
| Sortino Ratio (1Y) | 1.77 | -0.22 |
Profitability
ROE (TTM)
Sabesp (SBS) at 16.27% sits in the top ROE quartile, while Pinnacle West Capital (PNW) at 9.09% is closer to the peer norm — stronger capital efficiency for SBS.
PNW
Utilities industry group
9.09%
- Max
- 17.99%
- Q3
- 12.01%
- Median
- 9.44%
- PNW
- 9.09%
- Q1
- 7.56%
- Min
- 2.17%
SBS
Utilities industry group
16.27%
- Max
- 17.99%
- SBS
- 16.27%
- Q3
- 12.01%
- Median
- 9.44%
- Q1
- 7.56%
- Min
- 2.17%
Net Margin (TTM)
Sabesp (SBS) at 17.52% retains a top-quartile share of revenue as profit, ahead of Pinnacle West Capital (PNW) at 11.59%, which keeps about the industry-typical share.
PNW
Utilities industry group
11.59%
- Max
- 28.78%
- Q3
- 17.30%
- Median
- 12.73%
- PNW
- 11.59%
- Q1
- 9.18%
- Min
- -0.20%
SBS
Utilities industry group
17.52%
- Max
- 28.78%
- SBS
- 17.52%
- Q3
- 17.30%
- Median
- 12.73%
- Q1
- 9.18%
- Min
- -0.20%
Operating Margin (TTM)
Pinnacle West Capital (PNW) at 31.70% operates in the top operating margin quartile, ahead of Sabesp (SBS) at 29.28%, which runs around its industry’s norm.
PNW
Utilities industry group
31.70%
- Max
- 53.83%
- PNW
- 31.70%
- Q3
- 31.12%
- Median
- 23.62%
- Q1
- 15.45%
- Min
- -4.90%
SBS
Utilities industry group
29.28%
- Max
- 53.83%
- Q3
- 31.12%
- SBS
- 29.28%
- Median
- 23.62%
- Q1
- 15.45%
- Min
- -4.90%
Profitability Metrics
| Metric | PNW | SBS |
|---|---|---|
| ROE (TTM) | 9.09% | 16.27% |
| ROA (TTM) | 2.36% | 8.08% |
| Net Margin (TTM) | 11.59% | 17.52% |
| Operating Margin (TTM) | 31.70% | 29.28% |
| Gross Margin (TTM) | 43.84% | 36.96% |
Growth
Revenue Growth
Both Pinnacle West Capital (PNW) at 4.20% and Sabesp (SBS) at 5.39% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.
EPS Growth
Pinnacle West Capital (PNW) at -3.63% is around its peer norm for EPS growth, while Sabesp (SBS) at -11.79% drops into the bottom quartile, signaling weaker earnings momentum.
Growth Metrics
| Metric | PNW | SBS |
|---|---|---|
| Revenue Growth (YoY) | 4.20% | 5.39% |
| Revenue Growth (3Y CAGR) | 7.28% | 19.98% |
| EPS Growth (YoY) | -3.63% | -11.79% |
| EPS Growth (3Y CAGR) | 5.83% | 40.65% |
Financial Strength
Current Ratio (MRQ)
Pinnacle West Capital (PNW) at 0.71 keeps current ratio within its industry’s typical mid-range, while Sabesp (SBS) at 1.22 sits above its industry’s typical mid-range — comfortable liquidity, though possibly with more idle current assets relative to peers.
PNW
Utilities industry group
0.71
- Max
- 1.90
- Q3
- 1.17
- Median
- 0.88
- PNW
- 0.71
- Q1
- 0.66
- Min
- 0.29
SBS
Utilities industry group
1.22
- Max
- 1.90
- SBS
- 1.22
- Q3
- 1.17
- Median
- 0.88
- Q1
- 0.66
- Min
- 0.29
Debt / Equity (MRQ)
Sabesp (SBS) at 0.99 carries an industry-typical debt-to-equity mix, while Pinnacle West Capital (PNW) at 2.26 uses more debt funding than most peers.
PNW
Utilities industry group
2.26
- Max
- 2.63
- PNW
- 2.26
- Q3
- 1.77
- Median
- 1.35
- Q1
- 0.84
- Min
- 0.00
SBS
Utilities industry group
0.99
- Max
- 2.63
- Q3
- 1.77
- Median
- 1.35
- SBS
- 0.99
- Q1
- 0.84
- Min
- 0.00
Financial Strength Metrics
| Metric | PNW | SBS |
|---|---|---|
| Current Ratio (MRQ) | 0.71 | 1.22 |
| Debt / Equity (MRQ) | 2.26 | 0.99 |
| Net Debt / EBITDA | 7.67 | 2.30 |
Dividends
Dividend Yield (TTM)
Sabesp (SBS) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Pinnacle West Capital (PNW) reports a yield of 3.51%, ranking against industry peers normally.
PNW
Utilities industry group
3.51%
- Max
- 6.66%
- Q3
- 3.58%
- PNW
- 3.51%
- Median
- 2.85%
- Q1
- 0.66%
- Min
- 0.00%
SBS
Utilities industry group
0.00%
- Max
- 6.66%
- Q3
- 3.58%
- Median
- 2.85%
- Q1
- 0.66%
- SBS
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Both Pinnacle West Capital (PNW) at 68.42% and Sabesp (SBS) at 35.95% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.
PNW
Utilities industry group
68.42%
- Max
- 113.04%
- Q3
- 68.72%
- PNW
- 68.42%
- Median
- 56.38%
- Q1
- 32.38%
- Min
- 0.00%
SBS
Utilities industry group
35.95%
- Max
- 113.04%
- Q3
- 68.72%
- Median
- 56.38%
- SBS
- 35.95%
- Q1
- 32.38%
- Min
- 0.00%
Dividend Metrics
| Metric | PNW | SBS |
|---|---|---|
| Dividend Yield (TTM) | 3.51% | 0.00% |
| Dividend Payout Ratio (TTM) | 68.42% | 35.95% |
Valuation
P/E Ratio (TTM)
Sabesp (SBS) at 11.73 sits in the cheaper P/E ratio quartile, while Pinnacle West Capital (PNW) at 19.59 is closer to its industry’s usual earnings multiple — a discount for SBS, though growth and earnings durability still matter.
PNW
Utilities industry group
19.59
- Max
- 31.22
- Q3
- 23.30
- Median
- 19.64
- PNW
- 19.59
- Q1
- 15.17
- Min
- 3.34
SBS
Utilities industry group
11.73
- Max
- 31.22
- Q3
- 23.30
- Median
- 19.64
- Q1
- 15.17
- SBS
- 11.73
- Min
- 3.34
P/S Ratio (TTM)
Sabesp (SBS) at 0.41 sits in the cheaper P/S ratio quartile while Pinnacle West Capital (PNW) at 2.21 prices around its industry’s middle — SBS costs less per dollar of sales, though read it alongside growth and margins.
PNW
Utilities industry group
2.21
- Max
- 6.35
- Q3
- 3.63
- Median
- 2.63
- PNW
- 2.21
- Q1
- 1.52
- Min
- 0.00
SBS
Utilities industry group
0.41
- Max
- 6.35
- Q3
- 3.63
- Median
- 2.63
- Q1
- 1.52
- SBS
- 0.41
- Min
- 0.00
P/B Ratio (MRQ)
On P/B ratio, both Pinnacle West Capital (PNW) at 1.69 and Sabesp (SBS) at 1.84 are valued close to their industries’ norm against book — neither stands out from peers.
PNW
Utilities industry group
1.69
- Max
- 3.12
- Q3
- 2.21
- Median
- 1.83
- PNW
- 1.69
- Q1
- 1.46
- Min
- 0.34
SBS
Utilities industry group
1.84
- Max
- 3.12
- Q3
- 2.21
- SBS
- 1.84
- Median
- 1.83
- Q1
- 1.46
- Min
- 0.34
Valuation Metrics
| Metric | PNW | SBS |
|---|---|---|
| P/E Ratio (TTM) | 19.59 | 11.73 |
| P/S Ratio (TTM) | 2.21 | 0.41 |
| P/B Ratio (MRQ) | 1.69 | 1.84 |
| Free Cash Flow Yield (TTM) | -7.90% | -62.11% |