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Pinnacle West Capital Valuation Multiples
Discover revenue and EBITDA valuation multiples for Pinnacle West Capital and similar public comparables like Chubu Electric Power, Edison, GAIL (India), Manila Electric and more.
Pinnacle West Capital Overview
About Pinnacle West Capital
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.
Founded
1985
HQ

Employees
6.6K
Website
Sectors
Financials (LTM)
EV
$26B
Pinnacle West Capital Financials
Pinnacle West Capital reported last 12-month revenue of $5B and EBITDA of $2B.
In the same LTM period, Pinnacle West Capital generated $2B in EBITDA and $608M in net income.
Revenue (LTM)
Pinnacle West Capital P&L
In the most recent fiscal year, Pinnacle West Capital reported revenue of $5B and EBITDA of $2B.
Pinnacle West Capital expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $5B | XXX | $5B | XXX | XXX | XXX |
| Gross Profit | — | XXX | $2B | XXX | XXX | XXX |
| Gross Margin | — | XXX | 42% | XXX | XXX | XXX |
| EBITDA | $2B | XXX | $2B | XXX | XXX | XXX |
| EBITDA Margin | 38% | XXX | 40% | XXX | XXX | XXX |
| EBIT Margin | 20% | XXX | 20% | XXX | XXX | XXX |
| Net Profit | $608M | XXX | $617M | XXX | XXX | XXX |
| Net Margin | 11% | XXX | 12% | XXX | XXX | XXX |
| Net Debt | — | — | $11B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Pinnacle West Capital Stock Performance
Pinnacle West Capital has current market cap of $12B, and enterprise value of $26B.
Market Cap Evolution
Pinnacle West Capital's stock price is $100.53.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $26B | $12B | 0.0% | XXX | XXX | XXX | $5.15 |
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Start Free TrialPinnacle West Capital Valuation Multiples
Pinnacle West Capital trades at 4.9x EV/Revenue multiple, and 12.9x EV/EBITDA.
EV / Revenue (LTM)
Pinnacle West Capital Financial Valuation Multiples
As of April 7, 2026, Pinnacle West Capital has market cap of $12B and EV of $26B.
Equity research analysts estimate Pinnacle West Capital's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Pinnacle West Capital has a P/E ratio of 19.8x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $12B | XXX | $12B | XXX | XXX | XXX |
| EV (current) | $26B | XXX | $26B | XXX | XXX | XXX |
| EV/Revenue | 4.9x | XXX | 4.9x | XXX | XXX | XXX |
| EV/EBITDA | 12.9x | XXX | 12.3x | XXX | XXX | XXX |
| EV/EBIT | 24.2x | XXX | 24.4x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 11.8x | XXX | XXX | XXX |
| P/E | 19.8x | XXX | 19.5x | XXX | XXX | XXX |
| EV/FCF | — | XXX | (32.0x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Pinnacle West Capital Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Pinnacle West Capital Margins & Growth Rates
Pinnacle West Capital's revenue in the last 12 month grew by 5%.
Pinnacle West Capital's revenue per employee in the last FY averaged $0.8M, while opex per employee averaged $0.2M for the same period.
Pinnacle West Capital's rule of 40 is 42% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Pinnacle West Capital's rule of X is 48% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Pinnacle West Capital Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 5% | XXX | 4% | XXX | XXX | XXX |
| EBITDA Margin | 38% | XXX | 40% | XXX | XXX | XXX |
| EBITDA Growth | 8% | XXX | (1%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 42% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 48% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.8M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 22% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Pinnacle West Capital Public Comps
See public comps and valuation multiples for other Utilities comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Chubu Electric Power | XXX | XXX | XXX | XXX | XXX | XXX |
| Edison | XXX | XXX | XXX | XXX | XXX | XXX |
| GAIL (India) | XXX | XXX | XXX | XXX | XXX | XXX |
| Manila Electric | XXX | XXX | XXX | XXX | XXX | XXX |
| China Resources Power | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Pinnacle West Capital M&A Activity
Pinnacle West Capital acquired XXX companies to date.
Last acquisition by Pinnacle West Capital was on XXXXXXXX, XXXXX. Pinnacle West Capital acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Pinnacle West Capital
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialPinnacle West Capital Investment Activity
Pinnacle West Capital invested in XXX companies to date.
Pinnacle West Capital made its latest investment on XXXXXXXX, XXXXX. Pinnacle West Capital invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Pinnacle West Capital
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Pinnacle West Capital
| When was Pinnacle West Capital founded? | Pinnacle West Capital was founded in 1985. |
| Where is Pinnacle West Capital headquartered? | Pinnacle West Capital is headquartered in United States. |
| How many employees does Pinnacle West Capital have? | As of today, Pinnacle West Capital has over 6K employees. |
| Who is the CEO of Pinnacle West Capital? | Pinnacle West Capital's CEO is Theodore N. Geisler. |
| Is Pinnacle West Capital publicly listed? | Yes, Pinnacle West Capital is a public company listed on NYSE. |
| What is the stock symbol of Pinnacle West Capital? | Pinnacle West Capital trades under PNW ticker. |
| When did Pinnacle West Capital go public? | Pinnacle West Capital went public in 1972. |
| Who are competitors of Pinnacle West Capital? | Pinnacle West Capital main competitors are Chubu Electric Power, Edison, GAIL (India), Manila Electric. |
| What is the current market cap of Pinnacle West Capital? | Pinnacle West Capital's current market cap is $12B. |
| What is the current revenue of Pinnacle West Capital? | Pinnacle West Capital's last 12 months revenue is $5B. |
| What is the current revenue growth of Pinnacle West Capital? | Pinnacle West Capital revenue growth (NTM/LTM) is 5%. |
| What is the current EV/Revenue multiple of Pinnacle West Capital? | Current revenue multiple of Pinnacle West Capital is 4.9x. |
| Is Pinnacle West Capital profitable? | Yes, Pinnacle West Capital is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Pinnacle West Capital? | Pinnacle West Capital's last 12 months EBITDA is $2B. |
| What is Pinnacle West Capital's EBITDA margin? | Pinnacle West Capital's last 12 months EBITDA margin is 38%. |
| What is the current EV/EBITDA multiple of Pinnacle West Capital? | Current EBITDA multiple of Pinnacle West Capital is 12.9x. |
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