PG&E Corporation (PCG) valuation
PG&E P/E ratio history
PG&E trades at 9.6 times its earnings over the last twelve months and 7.5 times the earnings analysts expect over the next twelve. At its last 6 fiscal year ends its P/E ranged from 13.6 (year to Dec 2025) to 21.9 (year to Dec 2016), with a median of 17.4.
| Fiscal year ended | Price | EPS | P/E | Forward P/E |
|---|---|---|---|---|
| Dec 31, 2025 | $16.07 | $1.18 | 13.6 | 10.1 |
| Dec 31, 2024 | $20.18 | $1.15 | 17.6 | 13.9 |
| Dec 31, 2023 | $18.03 | $1.05 | 17.2 | 13.6 |
| Dec 31, 2022 | $16.26 | $0.84 | 19.4 | 13.5 |
| Dec 31, 2021 | $12.14 | -$0.05 | n/m | 11.2 |
| Dec 31, 2020 | $12.46 | -$1.05 | n/m | — |
| Dec 31, 2019 | $10.87 | -$14.50 | n/m | — |
| Dec 31, 2018 | $23.75 | -$13.25 | n/m | — |
| Dec 31, 2017 | $44.83 | $3.21 | 14.0 | — |
| Dec 31, 2016 | $60.77 | $2.78 | 21.9 | — |
n/m: not meaningful (a loss, or earnings close to zero). The daily P/E line is a chart indicator in the app.
PG&E valuation against its peers
| Company | Market value | P/E | Forward P/E | Price / sales |
|---|---|---|---|---|
| PG&EPCG | $35.3B | 9.6 | 7.5 | 1.4 |
| AmerenAEE | $30.6B | 19.5 | 19.7 | 3.5 |
| Consolidated EdisonED | $43.0B | 19.2 | 18.5 | 2.4 |
| DTE EnergyDTE | $28.2B | 21.4 | 16.9 | 1.7 |
| CenterPoint EnergyCNP | $28.0B | 24.3 | 20.7 | 2.9 |
| Xcel EnergyXEL | $49.8B | 18.6 | 18.0 | 3.4 |
| SempraSRE | $56.3B | 24.9 | 16.1 | 4.2 |
| CMS EnergyCMS | $22.0B | 21.1 | 17.2 | 2.5 |
| NiSourceNI | $21.4B | 22.9 | 20.3 | 3.1 |
| Peer median | 21.2 | 18.3 | 3.0 |
Reading these multiples
The P/E divides the share price by earnings per share over the last twelve months; the forward P/E divides it by the earnings analysts expect over the next twelve. Price to sales compares the company's market value with its revenue over the last twelve months. A multiple reads differently from one industry to the next, so the peer group above is the fairer comparison.
See also: PCG financials · PCG returns
No forecast, no recommendation. This page describes PG&E Corporation from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.