PNWNEUTRAL

PNW EV/EBITDA Analysis

13.3x

Higher than 43% of Utilities sector peers

Updated 2355h ago·SEC filings & market data

Key Takeaway

Pinnacle West's current EV/EBITDA of 13.2x means that the company's enterprise value — its total market value including debt — is 13.2 times its earnings before interest, taxes, depreciation, and amortization, a common measure of operating cash flow.

Sector Performance

43th percentile

PNW

13.3x

Sector Median

13.4x

Sector Avg

13.8x

Prior Period

13.3x(Jul 2026)

→ Stable

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Deep Analysis

This ratio sits exactly at the Utilities sector median of 13.2x, placing the stock at the 50th percentile among its peers, indicating a valuation in line with the typical utility company. The metric has been stable over the last eight quarters, with a quarter-over-quarter change of -0.5% and no year-over-year change reported. A stable EV/EBITDA at the sector median suggests limited valuation-driven risk or opportunity; the stock is neither cheap nor expensive relative to its industry. This combination of an average level and a flat trend supports the overall NEUTRAL verdict, as the valuation provides no clear signal for outperformance or underperformance.

Frequently Asked Questions

What does the EV/EBITDA tell investors about PNW?

A valuation multiple preferred by analysts for capital-intensive or leveraged businesses. Useful for cross-sector comparisons where earnings can be distorted by debt.

How is the EV/EBITDA calculated?

EV/EBITDA is calculated as: Enterprise Value / EBITDA.

How does PNW's EV/EBITDA compare to its sector?

PNW's EV/EBITDA of 13.3x compares to a Utilities sector median of 13.4x, placing it in the 43th percentile.

Who are PNW's closest peers by EV/EBITDA?

The closest Utilities peers by EV/EBITDA include: NEP (13.6x), AES (13.1x), PEG (13.7x), AEE (12.7x), AEP (12.5x).

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Learn More About EV/EBITDA

EV/EBITDA Explained: The Valuation Metric Pro Investors Actually Use

Learn what EV/EBITDA is, why it beats P/E for capital-heavy companies, typical sector ranges, and key limitations every serious investor should know.

The Formula

Enterprise Value / EBITDA

Why It Matters

A valuation multiple preferred by analysts for capital-intensive or leveraged businesses. Useful for cross-sector comparisons where earnings can be distorted by debt.