PG&E (PCG) Cyclically Adjusted PS Ratio: 0.67 (As of Jul. 04, 2026) — 24% Above Median


PCG PG&E Corp PCG
61 GF Score
Price $17.05
GF Value $17.76
Valuation Fairly Valued
! 8 Warning Signs
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What is PG&E Cyclically Adjusted PS Ratio?

PG&E PCG +2.90% 61 Cyclically Adjusted PS Ratio is 0.67 as of Jul. 04, 2026, which is 24% above its 10-year median of 0.54. GuruFocus rates PCG with a GF Score™ of 61/100 and a GF Value™ of $17.76 (Fairly Valued). The stock has 8 warning signs investors should review. Among 440 Utilities - Regulated companies, PG&E ranks better than 73.41% on this metric.

As of today (2026-07-04), PG&E's current share price is $17.05. PG&E's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $25.43. PG&E's Cyclically Adjusted PS Ratio for today is 0.67.

The historical rank and industry rank for PG&E's Cyclically Adjusted PS Ratio or its related term are showing as below:

PCG' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.13   Med: 0.54   Max: 1.81
Current: 0.67

During the past years, PG&E's highest Cyclically Adjusted PS Ratio was 1.81. The lowest was 0.13. And the median was 0.54.

PCG's Cyclically Adjusted PS Ratio is ranked better than
73.41% of 440 companies
in the Utilities - Regulated industry
Industry Median: 1.425 vs PCG: 0.67

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.

PG&E's adjusted revenue per share data for the three months ended in Mar. 2026 was $3.017. 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 $25.43 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PG&E  (NYSE:PCG) 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.


PG&E Cyclically Adjusted PS Ratio Related Terms


PG&E Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for PG&E'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.

PG&E Cyclically Adjusted PS Ratio Chart

PG&E Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.35 0.48 0.57 0.71 0.62

PG&E Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.61 0.51 0.57 0.62 0.69

PCG vs WEC, ED, PEG: Cyclically Adjusted PS Ratio Comparison

For the Utilities - Regulated Electric subindustry, PG&E'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.


PG&E Cyclically Adjusted PS Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, PG&E's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where PG&E's Cyclically Adjusted PS Ratio falls into.


PCG
61GF Score
PG&E Corp PCG
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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PG&E 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.

PG&E's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=17.05/25.43
=0.67

* 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.

PG&E's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, PG&E's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=3.017/330.2130*330.2130
=3.017

Current CPI (Mar. 2026) = 330.2130.

PG&E Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 8.371 241.018 11.469
201609 9.563 241.428 13.080
201612 9.333 241.432 12.765
201703 8.352 243.801 11.312
201706 8.285 244.955 11.169
201709 8.754 246.819 11.712
201712 7.961 246.524 10.664
201803 7.860 249.554 10.400
201806 8.205 251.989 10.752
201809 8.474 252.439 11.085
201812 7.862 251.233 10.334
201903 7.611 254.202 9.887
201906 7.454 256.143 9.610
201909 8.378 256.759 10.775
201912 8.983 256.974 11.543
202003 6.645 258.115 8.501
202006 8.569 257.797 10.976
202009 2.281 260.280 2.894
202012 2.392 260.474 3.032
202103 2.213 264.877 2.759
202106 2.430 271.696 2.953
202109 2.753 274.310 3.314
202112 2.643 278.802 3.130
202203 2.717 287.504 3.121
202206 2.390 296.311 2.663
202209 2.530 296.808 2.815
202212 2.519 296.797 2.803
202303 2.912 301.836 3.186
202306 2.473 305.109 2.676
202309 2.751 307.789 2.951
202312 3.293 306.746 3.545
202403 2.740 312.332 2.897
202406 2.795 314.175 2.938
202409 2.772 315.301 2.903
202412 3.067 315.605 3.209
202503 2.720 319.799 2.809
202506 2.677 322.561 2.741
202509 2.740 324.800 2.786
202512 3.090 324.054 3.149
202603 3.017 330.213 3.017

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.

What does a Cyclically Adjusted PS Ratio of 0.67 mean?
PG&E (PCG) has a Cyclically Adjusted PS Ratio of 0.67 as of Jul. 04, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on PG&E and its competitors. This is 24% above median its historical median of 0.54. Over the past decade, PG&E's Cyclically Adjusted PS Ratio has ranged from 0.13 to 1.81. According to the industry distribution chart, PG&E ranks #117 out of 440 companies in the Utilities - Regulated industry, placing it in the top 26.6%.
Is PG&E's Cyclically Adjusted PS Ratio too high?
PG&E's current Cyclically Adjusted PS Ratio of 0.67 is 24% above median its 10-year median of 0.54. Over the past 10 years, this metric has ranged from a low of 0.13 to a high of 1.81. The Utilities - Regulated industry median Cyclically Adjusted PS Ratio is 1.43. PG&E's value of 0.67 is 53% below this industry median. Based on the distribution chart, PG&E ranks #117 out of 440 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, PG&E has a GF Score™ of 61/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PG&E's Cyclically Adjusted PS Ratio compare to WEC and ED?
According to the Utilities - Regulated industry distribution chart, PG&E ranks #117 out of 440 companies for Cyclically Adjusted PS Ratio. This puts PG&E in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.43. PG&E's value of 0.67 is 53% below this benchmark. Historically, PG&E's own Cyclically Adjusted PS Ratio has ranged from 0.13 to 1.81 over the past decade. While the company's 10-year median is 0.54 vs. the industry median of 1.43, PG&E has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for an Utilities - Regulated company?
The median Cyclically Adjusted PS Ratio among Utilities - Regulated companies is 1.43, based on 440 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PG&E's current Cyclically Adjusted PS Ratio of 0.67 is 53% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on PG&E and its competitors. For the Utilities - Regulated industry, the median Cyclically Adjusted PS Ratio is 1.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PG&E's current Cyclically Adjusted PS Ratio is 0.67, which is 24% above median its own 10-year median of 0.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PG&E stock overvalued right now?
Based on GuruFocus' analysis, PG&E (PCG) is currently considered Fairly Valued. The stock's GF Value™ is $17.76, compared to a current price of $17.05 — trading 4% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.67, which is 24% above median its 10-year median of 0.54 and 53% below the Utilities - Regulated industry median of 1.43. PG&E's overall GF Score™ is 61/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For PG&E (PCG), the current Cyclically Adjusted PS Ratio is 0.67 as of Jul. 04, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is PG&E (PCG) Overvalued in 2026?

Based on GuruFocus' analysis, PG&E stock appears to be undervalued. The current stock price of $17.05 is trading 4% below its estimated GF Value™ of $17.76. GuruFocus considers PG&E to be Fairly Valued.

Key valuation signals for PCG:

  • Cyclically Adjusted PS Ratio: 0.67 (24% above median its 10-year median of 0.54)
  • GF Value™: $17.76 vs. price of $17.05 (4% below fair value)
  • GF Score™: 61/100 with 8 warning signs
  • Industry Position: 53% below the Utilities - Regulated median (#117 of 440)

No single metric tells the full story. See the PCG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


PG&E Business Description

Address 300 Lakeside Drive, Oakland, CA, USA, 94612
PG&E is a holding company whose main subsidiary is Pacific Gas and Electric, a regulated utility operating in Central and Northern California that serves 5.3 million electricity customers and 4.6 million gas customers in 47 of the state's 58 counties. PG&E operated under bankruptcy court supervision in 2001-04 during California's energy crisis and in 2019-20 due to wildfire losses. In 2004, PG&E sold its unregulated assets as part of its first postbankruptcy reorganization.
61GF Score

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Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$17.05
Price
$17.76
GF Value