PG&E (FRA:PCG) Shiller PE Ratio: (As of Sep. 13, 2026)

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Director of Data and Quant Analytics at GuruFocus
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:PCG PG&E Corp FRA:PCG
73 GF Score
Price €12.10
GF Value €15.12
Valuation Modestly Undervalued
! 8 Warning Signs
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What is PG&E Shiller PE Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


PG&E  (FRA:PCG) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


PG&E Shiller PE Ratio Related Terms


PG&E Shiller PE Ratio Historical Data

* Premium members only.

The historical data trend for PG&E's Shiller PE Ratio 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 Shiller PE Ratio Chart

PG&E Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

PG&E Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Shiller PE Ratio 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 0.00 0.00 0.00 0.00 0.00

FRA:PCG vs ETR, XEL, EXC: Shiller PE Ratio Comparison

For the Utilities - Regulated Electric subindustry, PG&E's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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.


PG&E Shiller PE Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, PG&E's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where PG&E's Shiller PE Ratio falls into.


FRA:PCG
73GF Score
PG&E Corp FRA:PCG
Shiller PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PG&E Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

PG&E's E10 for the quarter that ended in Jun. 2026 is calculated as:

For example, PG&E's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.286/333.9520*333.9520
=0.286

Current CPI (Jun. 2026) = 333.9520.

PG&E Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201609 0.686 241.428 0.949
201612 1.308 241.432 1.809
201703 1.057 243.801 1.448
201706 0.703 244.955 0.958
201709 0.898 246.819 1.215
201712 0.177 246.524 0.240
201803 0.697 249.554 0.933
201806 -1.635 251.989 -2.167
201809 0.934 252.439 1.236
201812 -11.682 251.233 -15.528
201903 0.221 254.202 0.290
201906 -4.275 256.143 -5.574
201909 -2.778 256.759 -3.613
201912 -6.165 256.974 -8.012
202003 0.516 258.115 0.668
202006 -3.312 257.797 -4.290
202009 0.034 260.280 0.044
202012 0.083 260.474 0.106
202103 0.050 264.877 0.063
202106 0.149 271.696 0.183
202109 -0.468 274.310 -0.570
202112 0.212 278.802 0.254
202203 0.200 287.504 0.232
202206 0.161 296.311 0.181
202209 0.212 296.808 0.239
202212 0.227 296.797 0.255
202303 0.252 301.836 0.279
202306 0.175 305.109 0.192
202309 0.150 307.789 0.163
202312 0.394 306.746 0.429
202403 0.313 312.332 0.335
202406 0.223 314.175 0.237
202409 0.243 315.301 0.257
202412 0.287 315.605 0.304
202503 0.259 319.799 0.270
202506 0.208 322.561 0.215
202509 0.315 324.800 0.324
202512 0.248 324.054 0.256
202603 0.337 330.213 0.341
202606 0.286 333.952 0.286

Add all the adjusted EPS together and divide 10 will get our E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Is PG&E (FRA:PCG) Overvalued in 2026?

Based on GuruFocus' analysis, PG&E stock appears to be undervalued. The current stock price of €12.10 is trading 20% below its estimated GF Value™ of €15.12. GuruFocus considers PG&E to be Modestly Undervalued.

Key valuation signals for FRA:PCG:

  • Shiller PE Ratio:
  • GF Value™: €15.12 vs. price of €12.10 (20% below fair value)
  • GF Score™: 73/100 with 8 warning signs

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.
73GF Score

Get the complete analysis for FRA:PCG

Shiller PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€12.10
Price
€15.12
GF Value