PG&EFRA:PCG +0.70%71 Net Margin % is 12.86% as of Mar. 2026, which is 57% above its 10-year median of 8.17. GuruFocus rates FRA:PCG with a GF Score™ of 71/100 and a GF Value™ of €15.28 (Fairly Valued). The stock has 8 warning signs investors should review. Among 501 Utilities - Regulated companies, PG&E ranks better than 61.08% on this metric.
Net margin is calculated as Net Income divided by its Revenue. PG&E's Net Income for the
three
months ended in Mar. 2026 was €766 Mil. PG&E's Revenue for the
three
months ended in Mar. 2026 was €5,952 Mil. Therefore, PG&E's net margin for the quarter that ended in Mar. 2026 was 12.86%.
The historical rank and industry rank for PG&E's Net Margin % or its related term are showing as below:
FRA:PCG'
s Net Margin % Range Over the Past 10 Years
Min: -44.61 Med: 8.17 Max: 11.44
Current: 11.44
FRA:PCG's Net Margin % is ranked better than 61.08% of 501
companies
in the Utilities - Regulated industry
Industry Median: 8.8
vs FRA:PCG: 11.44
PG&E (FRA:PCG) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
PG&E Net Margin % Related Terms
PG&E Net Margin % Historical Data
* Premium members only.
The historical data trend for PG&E's Net Margin % 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.
For the Utilities - Regulated Electric subindustry, PG&E's Net Margin %, along with its competitors' market caps and Net Margin % 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 Net Margin % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, PG&E's Net Margin % distribution charts can be found below:
* The bar in red indicates where PG&E's Net Margin % falls into.
* 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 (FRA:PCG) has a Net Margin % of 12.86% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on PG&E and its competitors. This is 57% above median its historical median of 8.17. According to the industry distribution chart, PG&E ranks #195 out of 501 companies in the Utilities - Regulated industry, placing it in the top 38.9%.
Is PG&E's Net Margin % too high?
PG&E's current Net Margin % of 12.86% is 57% above median its 10-year median of 8.17. The Utilities - Regulated industry median Net Margin % is 8.80. PG&E's value of 12.86% is 46.1% above this industry median. Based on the distribution chart, PG&E ranks #195 out of 501 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, PG&E has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PG&E's Net Margin % compare to WEC and ED?
According to the Utilities - Regulated industry distribution chart, PG&E ranks #195 out of 501 companies for Net Margin %. This puts PG&E in the upper half of its industry. The industry median Net Margin % is 8.80. PG&E's value of 12.86% is 46.1% above this benchmark. While the company's 10-year median is 8.17 vs. the industry median of 8.80, PG&E 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 Net Margin % for an Utilities - Regulated company?
The median Net Margin % among Utilities - Regulated companies is 8.80, based on 501 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PG&E's current Net Margin % of 12.86% is 46.1% 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on PG&E and its competitors. For the Utilities - Regulated industry, the median Net Margin % is 8.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PG&E's current Net Margin % is 12.86%, which is 57% above median its own 10-year median of 8.17. 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 €15.28, compared to a current price of €14.40 — trading 5.8% below its estimated fair value. The current Net Margin % is 12.86%, which is 57% above median its 10-year median of 8.17 and 46.1% above the Utilities - Regulated industry median of 8.80. PG&E's overall GF Score™ is 71/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For PG&E (FRA:PCG), the current Net Margin % is 12.86% 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 PG&E (FRA:PCG) Overvalued in 2026?
Based on GuruFocus' analysis, PG&E stock appears to be undervalued.
The current stock price of €14.40 is trading 5.8% below its estimated GF Value™ of €15.28.
GuruFocus considers PG&E to be Fairly Valued.
Key valuation signals for FRA:PCG:
Net Margin %: 12.86% (57% above median its 10-year median of 8.17)
GF Value™: €15.28 vs. price of €14.40 (5.8% below fair value)
Industry Position: 46.1% above the Utilities - Regulated median (#195 of 501)
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 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.
71GF Score
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