PG&E Corporation — Intrinsic Value & Fair Price

PCG

NYSEUtilitiesRegulated ElectricCIK 0001004980pgecorp.comAbout PCG

Last close · Oct 16, 202613.09+0.13 (+1.00%)

Market cap$35.1B

Model value · P/E · own history

22.39

PG&E closed at $13.09 — undervalued by 42% vs model.

19.91the model's range26.99

P/E · own history leads for a regulated utility. From its own five-year median P/E applied to its earnings.

Other models

2.66 – 47.64

Wall St. target

17.00 23% below

Below model, 1y

17 of 20 days

Price and model value

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What the marks mean

Daily close

Valuation models

price $13.09 · as of Oct 17, 2026

DCF · Perpetuity growth · 5y8.27 – 69.8947.2272% undervalued DCF · Perpetuity growth · 10y9.16 – 71.1546.7172% undervalued DCF · EBITDA exit · 5y22.20 – 76.4246.9972% undervalued DCF · EBITDA exit · 10y21.11 – 83.8447.6473% undervalued P/E · peers17.01 – 27.8025.0548% undervalued P/E · own historyused19.91 – 26.9922.3942% undervalued PEG—23.8845% undervalued EV/Revenue · peers4.95 – 52.9026.4751% undervalued Dividend discount1.81 – 5.512.66392% overvalued Wall St. consensus target—17.0023% below Cost of capital (WACC)—5.19%—

P/E · own history leads for a regulated utility. How we value a stock walks through every input.

engine pkg:0.1.0

Dividends

Quarterly · as of Oct 16, 2026

Yield, trailing 12 months

1.53%

Past 2 years

low 0.18%high 1.64%

Dividends per share, a year at a time

Coverage: —
Raised: 1 years in a row
Growth, 2 yrs: 123.6% a year
Last change: +100.0% · Dec 2025

Every payment, with ex-dates · latest $0.05, paid Oct 15, 2026

Research on PCG

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How it is valued

Valued asRegulated utility

Low/slowing growth (~1% recent)Moderate margins (11% net margin)Highly cyclical earningsNegative free cash flow

What growth the price implies: the reverse DCF

Key figures

FY2025 · chosen for utilities

P/E

11.1×

EV / EBITDA

9.1×

FCF yield

-10.7%

Dividend yield, TTM

1.53%

Beta

0.28

Cost of capital (WACC)

5.19%

On the lists: #25 Lowest P/E · #44 Insider buying

Full financials

Superinvestors

13F · Q2 2026

EinhornDME Capital Management, LP$111.6M BridgewaterBridgewater Associates, LP$99.8M First Pacific AdvisorsFirst Pacific Advisors, LP$19.7M

All 3 holders

Analyst actions

third-party, quoted

10-15Goldman Sachs · target20.00

10-12Barclays · target17.00

09-23UBS · “Neutral” from “Buy”downgrade

09-22UBS · target14.00

Ratings, targets and estimates

Recent

filings, insider trades and key news

09-30Form 4 · ADENAULT LEO P · 2,653 sh@ 12.25 09-30Form 4 · PLARSEN JOHN O · 7,500 sh@ 12.20 09-23Form 4 · AVallejo Alejandro T · 597 sh@ 12.41 09-04Form 4 · SFugate William Craig · 6,500 sh@ 13.76 08-318-K · 7.01Regulation FD Disclosure 08-21Form 4 · AVallejo Alejandro T · 421 sh@ 17.60

77 filings · 36 insider transactions

Comparable companies

by business, not by industry label

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The weekly

One email a week across every stock we cover: 13F filings, insider trades, earnings and new research. It covers the whole market, not just PCG. No account.

About PG&E

PG&E Corporation operates as a holding company, overseeing the generation, transmission, and distribution of electricity and natural gas to its clientele. The firm's expertise spans a broad range of energy-related services, including general utilities, power provision, gas supply, electrical grids, solar solutions, and sustainability initiatives. Established in 1995, the company maintains its corporate headquarters in Oakland, California.

CEO: Patricia Kessler Poppe
Headquarters: Oakland, CA
Employees: 29,010
IPO: 1972-06-01

Full company profile

Model estimates for research reference only, not investment advice. Every model rests on assumptions that may not match what happens; the formulas are in how we value a stock.