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Pinnacle West CapitalPNW +0.89%77 EV-to-OCF is 16.07 as of Sep. 08, 2026, which is 11% above its 10-year median of 14.53. GuruFocus rates PNW with a GF Score™ of 77/100 and a GF Value™ of $90.88 (Fairly Valued). The stock has 10 warning signs investors should review. Among 507 Utilities - Regulated companies, Pinnacle West Capital ranks worse than 70.02% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Pinnacle West Capital's Enterprise Value is $28,460 Mil.
Pinnacle West Capital's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was $1,771 Mil. Therefore, Pinnacle West Capital's EV-to-OCF for today is 16.07.
The historical rank and industry rank for Pinnacle West Capital's EV-to-OCF or its related term are showing as below:
PNW'
s EV-to-OCF Range Over the Past 10 Years
Min: 11.07 Med: 14.53 Max: 19.64
Current: 16.07
During the past 13 years, the highest EV-to-OCF of Pinnacle West Capital was 19.64. The lowest was 11.07. And the median was 14.53.
PNW's EV-to-OCF is ranked worse than 70.02% of 507
companies
in the Utilities - Regulated industry
Industry Median: 10.41
vs PNW: 16.07
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Pinnacle West Capital (NYSE:PNW) EV-to-OCF Explanation
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Pinnacle West Capital's PE Ratio (TTM) for today is calculated as:
Pinnacle West Capital's share price for today is $98.385.
Pinnacle West Capital's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $5.220.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
* 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.
For the Utilities - Regulated Electric subindustry, Pinnacle West Capital's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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-OCF vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Pinnacle West Capital's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Pinnacle West Capital's EV-to-OCF falls into.
Pinnacle West Capital's current Enterprise Value is $28,460 Mil.
Pinnacle West Capital's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,771 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.
Pinnacle West Capital (PNW) has a EV-to-OCF of 16.07 as of Sep. 08, 2026. This is 11% above median its historical median of 14.53. Over the past decade, Pinnacle West Capital's EV-to-OCF has ranged from 11.07 to 19.64. According to the industry distribution chart, Pinnacle West Capital ranks #355 out of 507 companies in the Utilities - Regulated industry, placing it in the top 70%.
Is Pinnacle West Capital's EV-to-OCF too high?
Pinnacle West Capital's current EV-to-OCF of 16.07 is 11% above median its 10-year median of 14.53. Over the past 10 years, this metric has ranged from a low of 11.07 to a high of 19.64. The Utilities - Regulated industry median EV-to-OCF is 10.41. Pinnacle West Capital's value of 16.07 is 54.4% above this industry median. Based on the distribution chart, Pinnacle West Capital ranks #355 out of 507 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Pinnacle West Capital has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Pinnacle West Capital's EV-to-OCF compare to OGE and IDA?
According to the Utilities - Regulated industry distribution chart, Pinnacle West Capital ranks #355 out of 507 companies for EV-to-OCF. This places Pinnacle West Capital in the lower half of its industry. The industry median EV-to-OCF is 10.41. Pinnacle West Capital's value of 16.07 is 54.4% above this benchmark. Historically, Pinnacle West Capital's own EV-to-OCF has ranged from 11.07 to 19.64 over the past decade. While the company's 10-year median is 14.53 vs. the industry median of 10.41, Pinnacle West Capital has consistently been above 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 EV-to-OCF for an Utilities - Regulated company?
The median EV-to-OCF among Utilities - Regulated companies is 10.41, based on 507 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Pinnacle West Capital's current EV-to-OCF of 16.07 is 54.4% above 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 EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Utilities - Regulated industry, the median EV-to-OCF is 10.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pinnacle West Capital's current EV-to-OCF is 16.07, which is 11% above median its own 10-year median of 14.53. 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?
Based on GuruFocus' analysis, Pinnacle West Capital (PNW) is currently considered Fairly Valued. The stock's GF Value™ is $90.88, compared to a current price of $98.39 — trading 8.3% above its estimated fair value. The current EV-to-OCF is 16.07, which is 11% above median its 10-year median of 14.53 and 54.4% above the Utilities - Regulated industry median of 10.41. Pinnacle West Capital's overall GF Score™ is 77/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Pinnacle West Capital (PNW), the current EV-to-OCF is 16.07 as of Sep. 08, 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 (PNW) Overvalued in 2026?
Based on GuruFocus' analysis, Pinnacle West Capital stock appears to be overvalued.
The current stock price of $98.39 is trading 8.3% above its estimated GF Value™ of $90.88.
GuruFocus considers Pinnacle West Capital to be Fairly Valued.
Key valuation signals for PNW:
EV-to-OCF: 16.07 (11% above median its 10-year median of 14.53)
GF Value™: $90.88 vs. price of $98.39 (8.3% above fair value)
Industry Position: 54.4% above the Utilities - Regulated median (#355 of 507)
No single metric tells the full story. See the PNW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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
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