Pinnacle West Capital (FRA:PWC) EBIT: €1,050 Mil (TTM As of Mar. 2026)


FRA:PWC Pinnacle West Capital Corp FRA:PWC
77 GF Score
Price €89.02
GF Value €77.04
! 14 Warning Signs
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What is Pinnacle West Capital EBIT?

Pinnacle West Capital FRA:PWC +0.36% 77 EBIT is €1,050 Mil as of Mar. 2026. GuruFocus rates FRA:PWC with a GF Score™ of 77/100 and a GF Value™ of €77.04. The stock has 14 warning signs investors should review.

Pinnacle West Capital's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €132 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €1,050 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Pinnacle West Capital's annualized ROC % for the quarter that ended in Mar. 2026 was 1.67%. Pinnacle West Capital's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 2.53%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Pinnacle West Capital's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 4.32%.


Pinnacle West Capital  (FRA:PWC) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Pinnacle West Capital's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=453.864 * ( 1 - 3.22% )/( (25967.108 + 26667.396)/ 2 )
=439.2495792/26317.252
=1.67 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=25646.986 - 924.427 - ( 5.64 - max(0, 2699.516 - 1454.967+5.64))
=25967.108

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=26547.392 - 814.923 - ( 5.544 - max(0, 2331.798 - 1396.871+5.544))
=26667.396

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Pinnacle West Capital's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=526.54/( ( (20319.901 + max(-61.92, 0)) + (21250.42 + max(44.023, 0)) )/ 2 )
=526.54/( ( 20319.901 + 21294.443 )/ 2 )
=526.54/20807.172
=2.53 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(495.176 + 482.641 + 339.844) - (924.427 + 54.465 + 400.689)
=-61.92

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(435.825 + 487.127 + 301.972) - (814.923 + 67.672 + 298.306)
=44.023

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Pinnacle West Capital's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=1050.264/24319.493
=4.32 %

* 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 EBIT Related Terms


Pinnacle West Capital EBIT Historical Data

* Premium members only.

The historical data trend for Pinnacle West Capital's EBIT 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.

Pinnacle West Capital EBIT Chart

Pinnacle West Capital Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 866.67 784.65 850.07 1,063.90 990.93

Pinnacle West Capital Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT 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 81.70 289.45 516.83 112.35 131.64

FRA:PWC vs OGE, IDA, TXNM: EBIT Comparison

For the Utilities - Regulated Electric subindustry, Pinnacle West Capital's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Pinnacle West Capital's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Pinnacle West Capital's EV-to-EBIT falls into.


FRA:PWC
77GF Score
Pinnacle West Capital Corp FRA:PWC
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Pinnacle West Capital EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €1,050 Mil.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of €1,050 Mil mean?
Pinnacle West Capital (FRA:PWC) has a EBIT of €1,050 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Pinnacle West Capital.
Is Pinnacle West Capital's EBIT too high?
Pinnacle West Capital's current EBIT is €1,050 Mil. Overall, Pinnacle West Capital has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does Pinnacle West Capital's EBIT compare to OGE and IDA?
Pinnacle West Capital's EBIT of €1,050 Mil 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 EBIT for an Utilities - Regulated company?
A good EBIT depends on the Utilities - Regulated industry context. However, EBIT 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 EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Pinnacle West Capital. Pinnacle West Capital's current EBIT is €1,050 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pinnacle West Capital stock overvalued right now?
Pinnacle West Capital (FRA:PWC) has a current EBIT of €1,050 Mil. The stock's GF Value™ is €77.04, compared to a current price of €89.02 — trading 15.6% above its estimated fair value. The current EBIT is €1,050 Mil. Pinnacle West Capital's overall GF Score™ is 77/100 with 14 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Pinnacle West Capital (FRA:PWC), the current EBIT is €1,050 Mil as of Mar. 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 Pinnacle West Capital (FRA:PWC) Overvalued in 2026?

Based on GuruFocus' analysis, Pinnacle West Capital stock appears to be overvalued. The current stock price of €89.02 is trading 15.6% above its estimated GF Value™ of €77.04.

Key valuation signals for FRA:PWC:

  • EBIT: €1,050 Mil
  • GF Value™: €77.04 vs. price of €89.02 (15.6% above fair value)
  • GF Score™: 77/100 with 14 warning signs

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


Pinnacle West Capital Business Description

Other Exchanges PNW:USA0KIT:UK
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 serving approximately 1.4 million customers across a 35,000-square-mile territory in central Arizona, including the Phoenix area. APS owns or leases 6.5 gigawatts of power generation capacity, including a 29% ownership stake in one of the largest nuclear plants in the US, Palo Verde. Half of the electricity that APS supplies to customers comes from clean energy sources, including nuclear.
77GF Score

Get the complete analysis for FRA:PWC

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

€89.02
Price
€77.04
GF Value