Question 1

What is PG&E's P/FCF ratio?

Accepted Answer

PG&E (PCG) P/FCF ratio is currently not available. When trailing twelve-month free cash flow is negative — common during heavy capex cycles or operating losses — P/FCF is reported as N/A and analysts switch to P/S or EV/EBITDA.

Question 2

How is the P/FCF ratio calculated?

Accepted Answer

P/FCF = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Free Cash Flow, where Free Cash Flow = Operating Cash Flow − Capital Expenditures. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/FCF ratio?

Accepted Answer

The price-to-free-cash-flow (P/FCF) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) free cash flow. It is calculated as market cap ÷ TTM free cash flow, where free cash flow = operating cash flow − capital expenditures. Because FCF cannot be inflated by non-cash accounting items, P/FCF is often considered a cleaner measure of "earnings-power valuation" than P/E — especially for capital-intensive businesses where depreciation diverges from real cash outflows.

Question 4

What is a good P/FCF ratio for PG&E?

Accepted Answer

Mature companies that consistently convert profit into cash often trade at 15–25× P/FCF; capital-intensive businesses with lumpy capex typically trade lower. Compare against sector peers and against the company's own multi-year average — single-year P/FCF can be distorted by working-capital swings. For PG&E specifically, the relevant sector benchmark is the current sector median of 45.4×.

Question 5

What is PG&E's historical P/FCF ratio range?

Accepted Answer

In the available daily series, PG&E (PCG) P/FCF ratio has ranged from a low of 1.5× in 2002 to a high of 2499.3× in 2011.

Question 6

What was PG&E's P/FCF ratio in 2017?

Accepted Answer

PG&E (PCG) P/FCF ratio at the end of 2017 was 68.7×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month free cash flow figure available at that date.

Question 7

Why does PG&E's P/FCF ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (free cash flow). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.

Question 8

Why is PG&E's P/FCF ratio not available?

Accepted Answer

When trailing twelve-month free cash flow is negative — common during heavy capex cycles or operating losses — P/FCF is reported as N/A and analysts switch to P/S or EV/EBITDA.


2025	$35.6B	-$3.07B	—	—	Dec 31, 2025
2024	$43.2B	-$2.33B	—	—	Dec 31, 2024
2023	$37.2B	-$4.97B	—	—	Dec 31, 2023
2022	$32.3B	-$5.86B	—	—	Dec 31, 2022
2021	$24.1B	-$5.43B	—	—	Dec 31, 2021
2020	$20.2B	-$26.8B	—	—	Dec 31, 2020
2019	$5.74B	-$1.5B	—	—	Dec 31, 2019
2018	$12.3B	-$1.76B	—	—	Dec 31, 2018
2017	$23.1B	$336M	68.7×	—	Dec 31, 2017
2016	$30.3B	-$1.27B	—	—	Dec 31, 2016
2015	$26.9B	-$1.42B	—	—	Dec 31, 2015
2014	$25.2B	-$1.16B	—	—	Dec 31, 2014
2013	$18.5B	-$1.78B	—	—	Dec 31, 2013
2012	$17B	$258M	66.0×	—	Dec 31, 2012
2011	$16.8B	-$299M	—	—	Dec 31, 2011
2010	$18.3B	-$596M	—	—	Dec 31, 2010
2009	$16.6B	-$919M	—	—	Dec 31, 2009
2008	$13.8B	-$886M	—	—	Dec 31, 2008
2007	$14.9B	-$223M	—	—	Dec 31, 2007
2006	$16.5B	$277M	59.6×	+41.4×	Dec 31, 2006
2005	$12.8B	$701M	18.2×	+0.2×	Dec 31, 2005
2004	$13.2B	$734M	18.0×	+4.8×	Dec 31, 2004
2003	$10.7B	$804M	13.3×	—	Dec 31, 2003
2002	$5.12B	-$3.65B	—	—	Dec 31, 2002


Eversource Energy (ES)	110.1×
Constellation Energy (CEG)	86.9×
NextEra Energy (NEE)	82.1×
American States Water (AWR)	77.8×
Middlesex Water (MSEX)	63.1×
Vistra (VST)	45.4×
UGI (UGI)	32.9×
FirstEnergy (FE)	16.3×
Duke Energy (DUK)	15.4×
Consolidated Edison (ED)	14.6×
American Electric Power Company (AEP)	9.3×

P/FCF Ratio for PG&E (PCG) 2003-2026

P/FCF Ratio daily chart for PG&E (PCG)

Historical P/FCF Ratio for PG&E (PCG) from 2002 to 2025

About P/FCF Ratio at PG&E (PCG)

PG&E P/FCF Ratio by Year

PG&E P/FCF Ratio 2017: 68.7×

PG&E P/FCF Ratio 2012: 66.0×

PG&E P/FCF Ratio 2006: 59.6×

PG&E P/FCF Ratio 2005: 18.2×

PG&E P/FCF Ratio 2004: 18.0×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

PG&E (PCG) Key Financials