Is Pinnacle West Capital Corporation overvalued?

Pinnacle West Capital Corporation (PNW) looks overvalued — trading about 18% above its fair value.

Overvalued

Price

$100.66

Fair value

$82.41

Current P/E

18.7

Normal P/E

15.3

Market cap

$12.20B

Dividend yield

3.6%

Return on equity

9.0%

Sector

Utilities

Fair value compares PNW's current P/E to its own historical "normal" P/E (FAST Graphs-style). Updated 11 Aug 2026.

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