Pinnacle West Capital Corp stock PB Ratio (=1.78) is close to 5-year high of 1.78.
The historical rank and industry rank for Pinnacle West Capital's PB Ratio or its related term are showing as below:
FRA:PWC'
s PB Ratio Range Over the Past 10 Years
Min: 1.1 Med: 1.62 Max: 2.14
Current: 1.85
During the past 13 years, Pinnacle West Capital's highest PB Ratio was 2.14. The lowest was 1.10. And the median was 1.62.
FRA:PWC's PB Ratio is ranked worse than 62.75% of 502
companies
in the Utilities - Regulated industry
Industry Median: 1.43
vs FRA:PWC: 1.85
During the past 12 months, Pinnacle West Capital's average Book Value Per Share Growth Rate was 3.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 2.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 3.00% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 3.50% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Pinnacle West Capital was 5.90% per year. The lowest was -1.80% per year. And the median was 3.80% per year.
Back to Basics: PB Ratio
Pinnacle West Capital (FRA:PWC) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
* 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 PB Ratio, along with its competitors' market caps and PB 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.
Pinnacle West Capital PB Ratio vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Pinnacle West Capital's PB Ratio distribution charts can be found below:
* The bar in red indicates where Pinnacle West Capital's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Pinnacle West Capital (FRA:PWC) has a PB Ratio of 1.84 as of Jun. 24, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Pinnacle West Capital and its competitors. This is 14% above median its historical median of 1.62. Over the past decade, Pinnacle West Capital's PB Ratio has ranged from 1.10 to 2.14. According to the industry distribution chart, Pinnacle West Capital ranks #315 out of 502 companies in the Utilities - Regulated industry, placing it in the top 62.7%.
Is Pinnacle West Capital's PB Ratio too high?
Pinnacle West Capital's current PB Ratio of 1.84 is 14% above median its 10-year median of 1.62. Over the past 10 years, this metric has ranged from a low of 1.10 to a high of 2.14. The Utilities - Regulated industry median PB Ratio is 1.43. Pinnacle West Capital's value of 1.84 is 28.7% above this industry median. Based on the distribution chart, Pinnacle West Capital ranks #315 out of 502 companies in the Utilities - Regulated industry, which is below the industry midpoint. 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 PB Ratio compare to OGE and IDA?
According to the Utilities - Regulated industry distribution chart, Pinnacle West Capital ranks #315 out of 502 companies for PB Ratio. This places Pinnacle West Capital in the lower half of its industry. The industry median PB Ratio is 1.43. Pinnacle West Capital's value of 1.84 is 28.7% above this benchmark. Historically, Pinnacle West Capital's own PB Ratio has ranged from 1.10 to 2.14 over the past decade. While the company's 10-year median is 1.62 vs. the industry median of 1.43, 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 PB Ratio for an Utilities - Regulated company?
The median PB Ratio among Utilities - Regulated companies is 1.43, based on 502 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Pinnacle West Capital's current PB Ratio of 1.84 is 28.7% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Pinnacle West Capital and its competitors. For the Utilities - Regulated industry, the median PB Ratio is 1.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pinnacle West Capital's current PB Ratio is 1.84, which is 14% above median its own 10-year median of 1.62. 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 PB Ratio of 1.84. The stock's GF Value™ is €77.04, compared to a current price of €92.76 — trading 20.4% above its estimated fair value. The current PB Ratio is 1.84, which is 14% above median its 10-year median of 1.62 and 28.7% above the Utilities - Regulated industry median of 1.43. 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 PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Pinnacle West Capital (FRA:PWC), the current PB Ratio is 1.84 as of Jun. 24, 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 €92.76 is trading 20.4% above its estimated GF Value™ of €77.04.
Key valuation signals for FRA:PWC:
PB Ratio: 1.84 (14% above median its 10-year median of 1.62)
GF Value™: €77.04 vs. price of €92.76 (20.4% above fair value)
Industry Position: 28.7% above the Utilities - Regulated median (#315 of 502)
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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