PCG
PG&E Corporation
PCG's fundamentals are mixed, but it looks cheap: trading at 9.6x earnings, below its usual 16x. Analysts expect earnings growth.
PCG Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Weak | |
| Unavailable |
PCG's profitability is currently healthy, and its revenue is stable, but its cash flow is weak. There isn't enough data to rate its balance sheet.
PCG PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 7.4x | $12.97 | — |
| Current | 9.6x | $12.97 | — |
| Cheap | 13x | $17.62 | +36% |
| Fair | 16x | $21.66 | +67% |
| Expensive | 20x | $26.80 | +107% |
Historical ranges are pointers, not guarantees.
PCG's PE is in its cheap range at 9.6x. If earnings grow as analysts expect, today's price would be 7.4x next year's earnings.
PCG Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Stable | |
| Improving | |
| Limited | |
| High |
Analysts expect PCG's earnings to grow and its profitability to improve, with its revenue holding steady.
PCG Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.75 | +29% |
| Q3 2026 | $1.35 | +13% |
| Q2 2026 | $1.38 | +27% |
| Q1 2026 | $1.29 | +18% |
| Q4 2025 | $1.18 | +2.6% |
| Q3 2025 | $1.19 | -7% |
| Q2 2025 | $1.09 | -6.8% |
| Q1 2025 | $1.09 | -2.7% |
| Q4 2024 | $1.15 | +9.5% |
PCG earned $1.35 per share over the past year, up 13% from the year before.
PCG Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $6.2B | -1% |
| Q2 2026 | $5.9B | +0.1% |
| Q1 2026 | $6.9B | +15% |
| Q4 2025 | $6.8B | +2.6% |
| Q3 2025 | $6.3B | +5.2% |
| Q2 2025 | $5.9B | -1.5% |
| Q1 2025 | $6B | +2.1% |
| Q4 2024 | $6.6B | -5.8% |
PCG's revenue is growing: $6.2B last quarter, about level with the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 20% | +0.8 points |
| Q2 2026 | 21% | +2.8 points |
| Q1 2026 | 21% | +1 points |
| Q4 2025 | 18% | +2.6 points |
| Q3 2025 | 19% | +2 points |
| Q2 2025 | 19% | -0.4 points |
| Q1 2025 | 20% | -1.4 points |
| Q4 2024 | 15% | -0.7 points |
PCG's operating margin was 20% last quarter, up 0.8 points from the same quarter a year ago.
PCG Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$794M | -$714M |
| Q2 2026 | -$2.1B | -$53M |
| Q1 2026 | -$926M | -535% |
| Q4 2025 | -$1.2B | -$300M |
| Q3 2025 | -$80M | -115% |
| Q2 2025 | -$2B | -$421M |
| Q1 2025 | $213M | +$590M |
| Q4 2024 | -$896M | +$1.2B |
PCG has burned cash in almost every quarter: −$5B over the past year, against −$2.8B the year before.
PCG Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | +0.2% | +4M shares |
| 3 years | +6.8% | +145M shares |
| 5 years | +15% | +300M shares |
| Available history | +333% | +1.8B shares |
PCG has 2.3B diluted shares, about the same as a year ago.
PCG Net Leverage
PCG Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 35.0 | Neutral |
| Stochastic | 19.1 | Oversold |
PCG's weekly RSI is 35 (neutral) and its Stochastic is 19 (oversold).
PCG PE vs Utilities Sector
| Metric | PCG | Sector median | Relative |
|---|---|---|---|
| PE | 9.6x | 20x | 53% below |
| PE % | 3 | 44 | 41 pts below |
PCG is trading at 9.6x earnings, a 53% discount to the Utilities sector's median of 20x.
PCG Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $12.8 | 1.1% above |
| 20 week MA | $15.0 | 14% below |
| 50 week MA | $16.1 | 19% below |
| 100 week MA | $16.1 | 19% below |
| 200 week MA | $16.8 | 23% below |
PCG has bounced recently, but its long-term trend is still down: it's above its 8-week average, but 23% below its 200-week average.
PCG Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $10.4 | $12.4 | +19% |
| 2021 | $12.4 | $12.0 | -3.1% |
| 2022 | $12.0 | $16.1 | +34% |
| 2023 | $16.1 | $18.0 | +12% |
| 2024 | $18.0 | $20.1 | +12% |
| 2025 | $20.1 | $15.8 | -22% |
| 2026 YTD | $15.8 | $13.0 | -18% |
PCG has finished higher in four of the last six years. It's down 18% so far in 2026.