PG&E (FRA:PCG) E10: €-2.47 (As of Jun. 2026)

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Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:PCG PG&E Corp FRA:PCG
65 GF Score
Price €14.60
GF Value €14.44
Valuation Fairly Valued
! 9 Warning Signs
View Full Analysis

What is PG&E E10?

PG&E FRA:PCG -0.68% 65 E10 is €-2.47 as of Jun. 2026. GuruFocus rates FRA:PCG with a GF Score™ of 65/100 and a GF Value™ of €14.44 (Fairly Valued). The stock has 9 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

PG&E's adjusted earnings per share data for the three months ended in Jun. 2026 was €0.286. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €-2.47 for the trailing ten years ended in Jun. 2026.

During the past 3 years, the average E10 Growth Rate was -11.30% per year. During the past 5 years, the average E10 Growth Rate was -14.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of PG&E was 46.60% per year. The lowest was -42.80% per year. And the median was -3.15% per year.

As of today (2026-08-08), PG&E's current stock price is €14.60. PG&E's E10 for the quarter that ended in Jun. 2026 was €-2.47. PG&E's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of PG&E was 112.40. The lowest was 6.34. And the median was 20.84.


PG&E  (FRA:PCG) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

During the past 13 years, the highest Shiller P/E Ratio of PG&E was 112.40. The lowest was 6.34. And the median was 20.84.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


PG&E E10 Related Terms


PG&E E10 Historical Data

* Premium members only.

The historical data trend for PG&E's E10 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 E10 Chart

PG&E Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.44 -1.82 -1.93 -2.36 -2.26

PG&E Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
E10 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 -2.22 -2.28 -2.26 -2.39 -2.47

FRA:PCG vs D, ETR, XEL: E10 Comparison

For the Utilities - Regulated Electric subindustry, PG&E's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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 Shiller PE Ratio vs Utilities - Regulated Industry

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

* The bar in red indicates where PG&E's Shiller PE Ratio falls into.


FRA:PCG
65GF Score
PG&E Corp FRA:PCG
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PG&E E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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.

For example, PG&E's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.286/333.9520*333.9520
=0.286

Current CPI (Jun. 2026) = 333.9520.

PG&E Quarterly Data

per share eps CPI Adj_EPS
201609 0.686 241.428 0.949
201612 1.308 241.432 1.809
201703 1.057 243.801 1.448
201706 0.703 244.955 0.958
201709 0.898 246.819 1.215
201712 0.177 246.524 0.240
201803 0.697 249.554 0.933
201806 -1.635 251.989 -2.167
201809 0.934 252.439 1.236
201812 -11.682 251.233 -15.528
201903 0.221 254.202 0.290
201906 -4.275 256.143 -5.574
201909 -2.778 256.759 -3.613
201912 -6.165 256.974 -8.012
202003 0.516 258.115 0.668
202006 -3.312 257.797 -4.290
202009 0.034 260.280 0.044
202012 0.083 260.474 0.106
202103 0.050 264.877 0.063
202106 0.149 271.696 0.183
202109 -0.468 274.310 -0.570
202112 0.212 278.802 0.254
202203 0.200 287.504 0.232
202206 0.161 296.311 0.181
202209 0.212 296.808 0.239
202212 0.227 296.797 0.255
202303 0.252 301.836 0.279
202306 0.175 305.109 0.192
202309 0.150 307.789 0.163
202312 0.394 306.746 0.429
202403 0.313 312.332 0.335
202406 0.223 314.175 0.237
202409 0.243 315.301 0.257
202412 0.287 315.605 0.304
202503 0.259 319.799 0.270
202506 0.208 322.561 0.215
202509 0.315 324.800 0.324
202512 0.248 324.054 0.256
202603 0.337 330.213 0.341
202606 0.286 333.952 0.286

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of €-2.47 mean?
PG&E (FRA:PCG) has a E10 of €-2.47 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on PG&E and its competitors.
Is PG&E's E10 too high?
PG&E's current E10 is €-2.47. Overall, PG&E has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PG&E's E10 compare to D and ETR?
PG&E's E10 of €-2.47 can be compared against companies in the Utilities - Regulated industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for an Utilities - Regulated company?
A good E10 depends on the Utilities - Regulated industry context. However, E10 should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on PG&E and its competitors. PG&E's current E10 is €-2.47. 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 (FRA:PCG) is currently considered Fairly Valued. The stock's GF Value™ is €14.44, compared to a current price of €14.60 — trading 1.1% above its estimated fair value. The current E10 is €-2.47. PG&E's overall GF Score™ is 65/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For PG&E (FRA:PCG), the current E10 is €-2.47 as of Jun. 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 (FRA:PCG) Overvalued in 2026?

Based on GuruFocus' analysis, PG&E stock appears to be overvalued. The current stock price of €14.60 is trading 1.1% above its estimated GF Value™ of €14.44. GuruFocus considers PG&E to be Fairly Valued.

Key valuation signals for FRA:PCG:

  • E10: €-2.47
  • GF Value™: €14.44 vs. price of €14.60 (1.1% above fair value)
  • GF Score™: 65/100 with 9 warning signs

No single metric tells the full story. See the FRA: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.
65GF Score

Get the complete analysis for FRA:PCG

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€14.60
Price
€14.44
GF Value