PG&E Corporation

WBAG:PCG Stock Report

Market Cap: €43.9b

PG&E Valuation

Is PCG undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of PCG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: PCG (€20.44) is trading above our estimate of fair value (€4.94)

Significantly Below Fair Value: PCG is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PCG?

Key metric: As PCG is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for PCG. This is calculated by dividing PCG's market cap by their current earnings.
What is PCG's PE Ratio?
PE Ratio16.6x
EarningsUS$2.75b
Market CapUS$45.68b

Price to Earnings Ratio vs Peers

How does PCG's PE Ratio compare to its peers?

The above table shows the PE ratio for PCG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average14.7x
VER VERBUND
15.7x-11.9%€26.3b
EVN EVN
7.5x-7.7%€4.4b
EXC Exelon
16x7.0%US$38.9b
AEP American Electric Power Company
19.7x9.1%US$52.0b
PCG PG&E
16.6x10.4%€45.7b

Price-To-Earnings vs Peers: PCG is expensive based on its Price-To-Earnings Ratio (16.6x) compared to the peer average (14.7x).

Price to Earnings Ratio vs Industry

How does PCG's PE Ratio compare vs other companies in the European Electric Utilities Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
PCG 16.6xIndustry Avg. 12.7xNo. of Companies10PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: PCG is expensive based on its Price-To-Earnings Ratio (16.6x) compared to the European Electric Utilities industry average (12.7x).

Price to Earnings Ratio vs Fair Ratio

What is PCG's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PCG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.6x
Fair PE Ratio13.6x

Price-To-Earnings vs Fair Ratio: PCG is expensive based on its Price-To-Earnings Ratio (16.6x) compared to the estimated Fair Price-To-Earnings Ratio (13.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst PCG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€20.44
€22.16
+8.4%
10.7%€24.97€17.29n/a17
Nov ’25€18.62
€20.88
+12.1%
13.0%€24.01€15.24n/a17
Oct ’25€17.96
€19.61
+9.2%
12.2%€23.36€14.83n/a16
Sep ’25€17.69
€19.20
+8.5%
9.8%€21.44€14.74n/a15
Aug ’25€17.06
€19.54
+14.6%
9.6%€22.17€15.24n/a15
Jul ’25€16.09
€19.41
+20.6%
9.2%€21.51€15.43n/a15
Jun ’25€16.99
€18.56
+9.2%
9.5%€21.18€14.27n/a15
May ’25€15.99
€18.47
+15.5%
10.2%€20.57€14.49n/a15
Apr ’25€15.51
€17.60
+13.4%
9.3%€20.24€14.26n/a15
Mar ’25€15.27
€17.71
+15.9%
9.1%€20.30€14.30n/a15
Feb ’25€15.58
€17.79
+14.2%
9.9%€21.20€14.29n/a15
Jan ’25€16.34
€17.37
+6.3%
8.3%€19.09€14.09n/a14
Dec ’24€15.84
€17.14
+8.2%
10.7%€19.29€12.86n/a13
Nov ’24€15.75
€17.18
+9.1%
10.6%€19.87€13.25€18.6213
Oct ’24€15.38
€18.20
+18.3%
11.2%€19.99€13.33€17.9613
Sep ’24€15.17
€17.60
+16.0%
11.2%€19.33€12.89€17.6913
Aug ’24€15.99
€17.08
+6.8%
12.1%€19.05€12.25€17.0612
Jul ’24€15.77
€17.61
+11.6%
12.3%€20.57€12.62€16.0912
Jun ’24€15.60
€17.50
+12.2%
12.3%€20.45€12.55€16.9912
May ’24€15.27
€17.18
+12.5%
12.1%€20.06€11.58€15.9912
Apr ’24€14.75
€16.87
+14.4%
15.3%€20.45€11.80€15.5111
Mar ’24€14.50
€17.19
+18.6%
13.9%€20.75€11.98€15.2712
Feb ’24€14.40
€16.77
+16.4%
13.2%€20.24€11.68€15.5812
Jan ’24€15.19
€16.54
+8.8%
11.1%€18.84€11.96€16.3412
Dec ’23n/a
€16.23
0%
11.6%€18.34€12.07€15.8413
Nov ’23n/a
€16.75
0%
12.9%€19.07€12.55€15.7513

Analyst Forecast: Target price is less than 20% higher than the current share price.

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