Pinnacle West Capital (FRA:PWC) ROCE %: 2.23% (As of Mar. 2026)


FRA:PWC Pinnacle West Capital Corp FRA:PWC
77 GF Score
Price €92.76
GF Value €79.27
! 14 Warning Signs
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What is Pinnacle West Capital ROCE %?

Pinnacle West Capital FRA:PWC +4.20% 77 ROCE % is 2.23% as of Mar. 2026. GuruFocus rates FRA:PWC with a GF Score™ of 77/100 and a GF Value™ of €79.27. The stock has 14 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. Pinnacle West Capital's annualized ROCE % for the quarter that ended in Mar. 2026 was 2.23%.

Pinnacle West Capital  (FRA:PWC) 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.

Pinnacle West Capital ROCE % Related Terms

Pinnacle West Capital ROCE % Historical Data

* Premium members only.

The historical data trend for Pinnacle West Capital'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.

Pinnacle West Capital ROCE % Chart

Pinnacle West Capital 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 5.21 4.16 4.28 5.04 4.39

Pinnacle West Capital 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 1.47 5.19 9.12 1.96 2.23
FRA:PWC
77GF Score
Pinnacle West Capital Corp FRA:PWC
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Pinnacle West Capital ROCE % Calculation

Pinnacle West Capital'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 )
=990.928/( ( (24928.136 - 2715.826) + (25646.986 - 2699.516) )/ 2 )
=990.928/( (22212.31+22947.47)/ 2 )
=990.928/22579.89
=4.39 %

Pinnacle West Capital'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 )
=526.54/( ( (25646.986 - 2699.516) + (26547.392 - 2331.798) )/ 2 )
=526.54/( ( 22947.47 + 24215.594 )/ 2 )
=526.54/23581.532
=2.23 %

(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 2.23% mean?
Pinnacle West Capital (FRA:PWC) has a ROCE % of 2.23% as of Mar. 2026.
Is Pinnacle West Capital's ROCE % too high?
Pinnacle West Capital's current ROCE % is 2.23%. The Utilities - Regulated industry median ROCE % is 6.95. Pinnacle West Capital's value of 2.23% is 67.9% below this industry median. 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 ROCE % compare to OGE and IDA?
Pinnacle West Capital's ROCE % of 2.23% can be compared against companies in the Utilities - Regulated industry. The industry median ROCE % is 6.95. Pinnacle West Capital's value of 2.23% is 67.9% 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. Pinnacle West Capital's current ROCE % of 2.23% is 67.9% 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 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. Pinnacle West Capital's current ROCE % is 2.23%. 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 ROCE % of 2.23%. The stock's GF Value™ is €79.27, compared to a current price of €92.76 — trading 17% above its estimated fair value. The current ROCE % is 2.23% and 67.9% below the Utilities - Regulated industry median of 6.95. 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 ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Pinnacle West Capital (FRA:PWC), the current ROCE % is 2.23% 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 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 17% above its estimated GF Value™ of €79.27.

Key valuation signals for FRA:PWC:

  • ROCE %: 2.23%
  • GF Value™: €79.27 vs. price of €92.76 (17% above fair value)
  • GF Score™: 77/100 with 14 warning signs
  • Industry Position: 67.9% below the Utilities - Regulated median

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 Capital Business Description

Other Exchanges PNW:USA0KIT:UK
Address 400 North Fifth Street, P.O. Box 53999, Phoenix, AZ, USA, 85072-3999
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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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€92.76
Price
€79.27
GF Value