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PG&E (NYSE:PCG) Cyclically Adjusted PS Ratio

: 0.55 (As of Today)
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As of today (2023-12-10), PG&E's current share price is $17.61. PG&E's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2023 was $32.31. PG&E's Cyclically Adjusted PS Ratio for today is 0.55.

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: 1.08   Max: 1.81
Current: 0.55

During the past years, PG&E's highest Cyclically Adjusted PS Ratio was 1.81. The lowest was 0.13. And the median was 1.08.

PCG's Cyclically Adjusted PS Ratio is ranked better than
75.29% of 433 companies
in the Utilities - Regulated industry
Industry Median: 1.29 vs PCG: 0.55

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 Sep. 2023 was $2.751. 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 $32.31 for the trailing ten years ended in Sep. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


PG&E Cyclically Adjusted PS Ratio Historical Data

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.

* Premium members only.

PG&E Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted PS Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.63 0.29 0.35 0.35 0.48

PG&E Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Cyclically Adjusted PS Ratio 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 Premium Member Only Premium Member Only Premium Member Only 0.36 0.48 0.48 0.52 0.50

Competitive 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 Distribution

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.



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
=17.61/32.31
=0.55

* 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 Sep. 2023 is calculated as:

For example, PG&E's adjusted Revenue per Share data for the three months ended in Sep. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=2.751/129.8595*129.8595
=2.751

Current CPI (Sep. 2023) = 129.8595.

PG&E Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201312 8.756 98.326 11.564
201403 8.459 99.695 11.018
201406 8.426 100.560 10.881
201409 10.420 100.428 13.474
201412 9.050 99.070 11.863
201503 8.106 99.621 10.566
201506 8.731 100.684 11.261
201509 9.305 100.392 12.036
201512 8.401 99.792 10.932
201603 8.028 100.470 10.376
201606 8.371 101.688 10.690
201609 9.563 101.861 12.192
201612 9.333 101.863 11.898
201703 8.352 102.862 10.544
201706 8.285 103.349 10.410
201709 8.754 104.136 10.916
201712 7.961 104.011 9.939
201803 7.860 105.290 9.694
201806 8.205 106.317 10.022
201809 8.474 106.507 10.332
201812 7.862 105.998 9.632
201903 7.611 107.251 9.215
201906 7.454 108.070 8.957
201909 8.378 108.329 10.043
201912 8.983 108.420 10.759
202003 6.645 108.902 7.924
202006 8.569 108.767 10.231
202009 2.281 109.815 2.697
202012 2.392 109.897 2.827
202103 2.213 111.754 2.572
202106 2.430 114.631 2.753
202109 2.753 115.734 3.089
202112 2.643 117.630 2.918
202203 2.717 121.301 2.909
202206 2.390 125.017 2.483
202209 2.530 125.227 2.624
202212 2.519 125.222 2.612
202303 2.912 127.348 2.969
202306 2.473 128.729 2.495
202309 2.751 129.860 2.751

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.


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

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


PG&E (NYSE:PCG) Business Description

Industry
Traded in Other Exchanges
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 between January 2019 and June 2020. In 2004, PG&E sold its unregulated assets as part of an earlier postbankruptcy reorganization.
Executives
Carolyn Jeanne Burke officer: EVP Finance C/O EXCELERATE ENERGY, INC., 2445 TECHNOLOGY FOREST BLVD., LEVEL 6, THE WOODLANDS TX 77381
Edward G Cannizzaro director 5130 HACIENDA DRIVE, DUBLIN CA 94568
Stephanie N Williams officer: VP and Controller 77 BEALE STREET, PO BOX 77000, SAN FRANCISCO CA 94177
Cheryl F. Campbell director C/O 77 BEALE ST., P.O. BOX 770000, SAN FRANCISCO CA 94177
William Lloyd Smith director 46429 LANDING PARKWAY, FREMONT CA 94538
Marlene Santos other: EVP, CCO at PG&E Company 77 BEALE STREET, P.O. BOX 770000, SAN FRANCISCO CA 94117
Carlos M Hernandez director
Adam L Wright other: EVP, Ops & COO at PG&E Company 77 BEALE STREET, P.O. BOX 770000, SAN FRANCISCO CA 94177
Ajay Waghray officer: SVP & Chf Information Ofc C/O ASSURANT, INC., 28 LIBERTY STREET, 41 FL., NEW YORK NY 1
Julius Cox officer: EVP/Ppl, Shrd Svcs & Spply Chn 77 BEALE STREET, POB 770000, SAN FRANCISCO CA 94177
Sumeet Singh officer: EVP/CRO & Chf Safety Ofc 77 BEALE STREET, PO BOX 770000, SAN FRANCISCO CA 94177
Carla J Peterman officer: EVP/Corp. Affairs & CSO 77 BEALE STREET, P.O. BOX 77000, SAN FRANCISCO CA 94177
Patricia K Poppe director, officer: Chief Executive Officer 77 BEALE STREET, POB 770000, SAN FRANCISCO CA 94177
Christopher A Foster officer: EVP & Chief Financial Officer 77 BEALE ST., P.O. BOX 770000, SAN FRANCISCO CA 94177
Jason M Glickman other: EVP of EPS of PG&E Company 77 BEALE STREET, PO BOX 770000, SAN FRANCISCO CA 94177