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Pinnacle West Capital (FRA:PWC) Cyclically Adjusted PS Ratio : 1.96 (As of May. 21, 2024)


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What is Pinnacle West Capital Cyclically Adjusted PS Ratio?

As of today (2024-05-21), Pinnacle West Capital's current share price is €72.00. Pinnacle West Capital's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €36.66. Pinnacle West Capital's Cyclically Adjusted PS Ratio for today is 1.96.

The historical rank and industry rank for Pinnacle West Capital's Cyclically Adjusted PS Ratio or its related term are showing as below:

FRA:PWC' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.49   Med: 2.12   Max: 3.09
Current: 1.96

During the past years, Pinnacle West Capital's highest Cyclically Adjusted PS Ratio was 3.09. The lowest was 1.49. And the median was 2.12.

FRA:PWC's Cyclically Adjusted PS Ratio is ranked worse than
67.56% of 447 companies
in the Utilities - Regulated industry
Industry Median: 1.28 vs FRA:PWC: 1.96

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Pinnacle West Capital's adjusted revenue per share data for the three months ended in Mar. 2024 was €7.665. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is €36.66 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Pinnacle West Capital Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Pinnacle West Capital's Cyclically Adjusted PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Pinnacle West Capital Cyclically Adjusted PS Ratio Chart

Pinnacle West Capital Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.68 2.38 1.97 2.00 1.82

Pinnacle West Capital Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.05 2.09 1.87 1.82 1.86

Competitive Comparison of Pinnacle West Capital's Cyclically Adjusted PS Ratio

For the Utilities - Regulated Electric subindustry, Pinnacle West Capital's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Pinnacle West Capital's Cyclically Adjusted PS Ratio Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Pinnacle West Capital's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Pinnacle West Capital's Cyclically Adjusted PS Ratio falls into.



Pinnacle West Capital Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Pinnacle West Capital's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=72.00/36.66
=1.96

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Pinnacle West Capital's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Pinnacle West Capital's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=7.665/131.7762*131.7762
=7.665

Current CPI (Mar. 2024) = 131.7762.

Pinnacle West Capital Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 6.009 100.560 7.874
201409 8.191 100.428 10.748
201412 5.268 99.070 7.007
201503 5.569 99.621 7.367
201506 7.120 100.684 9.319
201509 9.572 100.392 12.564
201512 6.034 99.792 7.968
201603 5.437 100.470 7.131
201606 7.274 101.688 9.426
201609 9.275 101.861 11.999
201612 6.244 101.863 8.078
201703 5.648 102.862 7.236
201706 7.483 103.349 9.541
201709 8.833 104.136 11.178
201712 5.705 104.011 7.228
201803 4.994 105.290 6.250
201806 7.414 106.317 9.189
201809 9.657 106.507 11.948
201812 5.899 105.998 7.334
201903 5.813 107.251 7.142
201906 6.831 108.070 8.329
201909 9.590 108.329 11.666
201912 5.348 108.420 6.500
202003 5.308 108.902 6.423
202006 7.313 108.767 8.860
202009 9.426 109.815 11.311
202012 5.388 109.897 6.461
202103 5.173 111.754 6.100
202106 7.332 114.631 8.429
202109 9.822 115.734 11.183
202112 6.244 117.630 6.995
202203 6.280 121.301 6.822
202206 8.859 125.017 9.338
202209 13.084 125.227 13.768
202212 8.392 125.222 8.831
202303 7.786 127.348 8.057
202306 9.104 128.729 9.320
202309 13.480 129.860 13.679
202312 7.972 129.419 8.117
202403 7.665 131.776 7.665

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Pinnacle West Capital  (FRA:PWC) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Pinnacle West Capital Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of Pinnacle West Capital's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Pinnacle West Capital (FRA:PWC) Business Description

Traded in Other Exchanges
Address
400 North Fifth Street, P.O. Box 53999, Phoenix, AZ, USA, 85072-3999
Pinnacle West is a holding company whose principal subsidiary is Arizona Public Service, a vertically integrated electric utility that serves 1.4 million customers across a 35,000-square-mile territory in central Arizona, including Phoenix. APS owns or leases more than 6 gigawatts of power generation capacity, including a 29% ownership stake in the largest nuclear plant in the U.S., Palo Verde. About half of the electricity that APS supplies to customers comes from clean energy sources, including nuclear.

Pinnacle West Capital (FRA:PWC) Headlines

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