PG&E (PCG) Shiller PE Ratio: (As of Aug. 22, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

PCG PG&E Corp PCG
71 GF Score
Price $17.60
GF Value $17.27
Valuation Fairly Valued
! 9 Warning Signs
View Full Analysis

What is PG&E Shiller PE Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


PG&E  (NYSE: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

PCG vs D, ETR, XEL: 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.


PCG
71GF Score
PG&E Corp 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)
=0.33/333.9520*333.9520
=0.330

Current CPI (Jun. 2026) = 333.9520.

PG&E Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201609 0.770 241.428 1.065
201612 1.380 241.432 1.909
201703 1.130 243.801 1.548
201706 0.790 244.955 1.077
201709 1.070 246.819 1.448
201712 0.210 246.524 0.284
201803 0.860 249.554 1.151
201806 -1.910 251.989 -2.531
201809 1.090 252.439 1.442
201812 -13.290 251.233 -17.666
201903 0.250 254.202 0.328
201906 -4.830 256.143 -6.297
201909 -3.060 256.759 -3.980
201912 -6.850 256.974 -8.902
202003 0.570 258.115 0.737
202006 -3.730 257.797 -4.832
202009 0.040 260.280 0.051
202012 0.101 260.474 0.129
202103 0.060 264.877 0.076
202106 0.180 271.696 0.221
202109 -0.550 274.310 -0.670
202112 0.240 278.802 0.287
202203 0.220 287.504 0.256
202206 0.170 296.311 0.192
202209 0.210 296.808 0.236
202212 0.240 296.797 0.270
202303 0.270 301.836 0.299
202306 0.190 305.109 0.208
202309 0.160 307.789 0.174
202312 0.430 306.746 0.468
202403 0.340 312.332 0.364
202406 0.240 314.175 0.255
202409 0.270 315.301 0.286
202412 0.300 315.605 0.317
202503 0.280 319.799 0.292
202506 0.240 322.561 0.248
202509 0.370 324.800 0.380
202512 0.290 324.054 0.299
202603 0.390 330.213 0.394
202606 0.330 333.952 0.330

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 (PCG) Overvalued in 2026?

Based on GuruFocus' analysis, PG&E stock appears to be overvalued. The current stock price of $17.60 is trading 1.9% above its estimated GF Value™ of $17.27. GuruFocus considers PG&E to be Fairly Valued.

Key valuation signals for PCG:

  • Shiller PE Ratio:
  • GF Value™: $17.27 vs. price of $17.60 (1.9% above fair value)
  • GF Score™: 71/100 with 9 warning signs

No single metric tells the full story. See the 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

Get the complete analysis for PCG

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

$17.60
Price
$17.27
GF Value