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Pinnacle West CapitalFRA:PWC -0.74%77 Equity-to-Asset is 0.22 as of Jun. 2026, which is 21% below its 10-year median of 0.28. GuruFocus rates FRA:PWC with a GF Score™ of 77/100 and a GF Value™ of €77.72 (Fairly Valued). The stock has 10 warning signs investors should review. Among 509 Utilities - Regulated companies, Pinnacle West Capital ranks worse than 84.87% on this metric.
Pinnacle West Capital (FRA:PWC) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Pinnacle West Capital Equity-to-Asset Related Terms
Pinnacle West Capital Equity-to-Asset Historical Data
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The historical data trend for Pinnacle West Capital's Equity-to-Asset 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.
FRA:PWC vs OGE, IDA, TXNM: Equity-to-Asset Comparison
For the Utilities - Regulated Electric subindustry, Pinnacle West Capital's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Pinnacle West Capital's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Pinnacle West Capital's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Pinnacle West Capital's Equity to Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as
* 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 (FRA:PWC) has a Equity-to-Asset of 0.22 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Pinnacle West Capital and its competitors. This is 21% below median its historical median of 0.28. Over the past decade, Pinnacle West Capital's Equity-to-Asset has ranged from 0.22 to 0.31. According to the industry distribution chart, Pinnacle West Capital ranks #432 out of 509 companies in the Utilities - Regulated industry, placing it in the top 84.9%.
Is Pinnacle West Capital's Equity-to-Asset too high?
Pinnacle West Capital's current Equity-to-Asset of 0.22 is 21% below median its 10-year median of 0.28. Over the past 10 years, this metric has ranged from a low of 0.22 to a high of 0.31. The Utilities - Regulated industry median Equity-to-Asset is 0.36. Pinnacle West Capital's value of 0.22 is 38.9% below this industry median. Based on the distribution chart, Pinnacle West Capital ranks #432 out of 509 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. 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 Equity-to-Asset compare to OGE and IDA?
According to the Utilities - Regulated industry distribution chart, Pinnacle West Capital ranks #432 out of 509 companies for Equity-to-Asset. This places Pinnacle West Capital in the lower half of its industry. The industry median Equity-to-Asset is 0.36. Pinnacle West Capital's value of 0.22 is 38.9% below this benchmark. Historically, Pinnacle West Capital's own Equity-to-Asset has ranged from 0.22 to 0.31 over the past decade. While the company's 10-year median is 0.28 vs. the industry median of 0.36, Pinnacle West Capital 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 Equity-to-Asset for an Utilities - Regulated company?
The median Equity-to-Asset among Utilities - Regulated companies is 0.36, based on 509 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Pinnacle West Capital's current Equity-to-Asset of 0.22 is 38.9% 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Pinnacle West Capital and its competitors. For the Utilities - Regulated industry, the median Equity-to-Asset is 0.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pinnacle West Capital's current Equity-to-Asset is 0.22, which is 21% below median its own 10-year median of 0.28. 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 (FRA:PWC) is currently considered Fairly Valued. The stock's GF Value™ is €77.72, compared to a current price of €83.44 — trading 7.4% above its estimated fair value. The current Equity-to-Asset is 0.22, which is 21% below median its 10-year median of 0.28 and 38.9% below the Utilities - Regulated industry median of 0.36. 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 Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Pinnacle West Capital (FRA:PWC), the current Equity-to-Asset is 0.22 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 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 €83.44 is trading 7.4% above its estimated GF Value™ of €77.72.
GuruFocus considers Pinnacle West Capital to be Fairly Valued.
Key valuation signals for FRA:PWC:
Equity-to-Asset: 0.22 (21% below median its 10-year median of 0.28)
GF Value™: €77.72 vs. price of €83.44 (7.4% above fair value)
Industry Position: 38.9% below the Utilities - Regulated median (#432 of 509)
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 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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