PG&E (FRA:PCG) ROCE %: 5.39% (As of Mar. 2026)


FRA:PCG PG&E Corp FRA:PCG
71 GF Score
Price €14.40
GF Value €15.28
Valuation Fairly Valued
! 8 Warning Signs
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What is PG&E ROCE %?

PG&E FRA:PCG +0.70% 71 ROCE % is 5.39% as of Mar. 2026. 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.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. PG&E's annualized ROCE % for the quarter that ended in Mar. 2026 was 5.39%.

PG&E  (FRA:PCG) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

PG&E ROCE % Related Terms

PG&E ROCE % Historical Data

* Premium members only.

The historical data trend for PG&E's ROCE % 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.

PG&E ROCE % Chart

PG&E Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.86 2.61 3.31 4.84 4.25

PG&E Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % 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 4.71 4.43 4.57 4.14 5.39
FRA:PCG
71GF Score
PG&E Corp FRA:PCG
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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PG&E ROCE % Calculation

PG&E's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=4655.154/( ( (127645.3 - 15595.15) + (120935.794 - 13920.2) )/ 2 )
=4655.154/( (112050.15+107015.594)/ 2 )
=4655.154/109532.872
=4.25 %

PG&E's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=5909.68/( ( (120935.794 - 13920.2) + (122789.345 - 10678.425) )/ 2 )
=5909.68/( ( 107015.594 + 112110.92 )/ 2 )
=5909.68/109563.257
=5.39 %

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

* 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 ROCE % →
What does a ROCE % of 5.39% mean?
PG&E (FRA:PCG) has a ROCE % of 5.39% as of Mar. 2026.
Is PG&E's ROCE % too high?
PG&E's current ROCE % is 5.39%. The Utilities - Regulated industry median ROCE % is 6.95. PG&E's value of 5.39% is 22.4% below this industry median. 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 ROCE % compare to WEC and ED?
PG&E's ROCE % of 5.39% can be compared against companies in the Utilities - Regulated industry. The industry median ROCE % is 6.95. PG&E's value of 5.39% is 22.4% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for an Utilities - Regulated company?
The median ROCE % among Utilities - Regulated companies is 6.95, based on 505 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PG&E's current ROCE % of 5.39% is 22.4% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Utilities - Regulated industry, the median ROCE % is 6.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PG&E's current ROCE % is 5.39%. 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 ROCE % is 5.39% and 22.4% below the Utilities - Regulated industry median of 6.95. 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 ROCE % calculated?
ROCE % is calculated from a company's financial statements. For PG&E (FRA:PCG), the current ROCE % is 5.39% 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:

  • ROCE %: 5.39%
  • GF Value™: €15.28 vs. price of €14.40 (5.8% below fair value)
  • GF Score™: 71/100 with 8 warning signs
  • Industry Position: 22.4% below the Utilities - Regulated median

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 Business Description

Address 300 Lakeside Drive, Oakland, CA, USA, 94612
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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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€14.40
Price
€15.28
GF Value