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 32.9×.

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 1.3× in 2001 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	$35.58B	−$3.07B	—	—	Dec 31, 2025
2024	$43.21B	−$2.33B	—	—	Dec 31, 2024
2023	$37.21B	−$4.97B	—	—	Dec 31, 2023
2022	$32.31B	−$5.86B	—	—	Dec 31, 2022
2021	$24.10B	−$5.43B	—	—	Dec 31, 2021
2020	$20.20B	−$26.82B	—	—	Dec 31, 2020
2019	$5.74B	−$1.50B	—	—	Dec 31, 2019
2018	$12.28B	−$1.76B	—	—	Dec 31, 2018
2017	$23.09B	$336.00M	68.7×	—	Dec 31, 2017
2016	$30.32B	−$1.27B	—	—	Dec 31, 2016
2015	$26.94B	−$1.42B	—	—	Dec 31, 2015
2014	$25.24B	−$1.16B	—	—	Dec 31, 2014
2013	$18.49B	−$1.78B	—	—	Dec 31, 2013
2012	$17.04B	$258.00M	66.0×	—	Dec 31, 2012
2011	$16.78B	−$299.00M	—	—	Dec 31, 2011
2010	$18.27B	−$596.00M	—	—	Dec 31, 2010
2009	$16.57B	−$919.00M	—	—	Dec 31, 2009
2008	$13.82B	−$886.00M	—	—	Dec 31, 2008
2007	$14.91B	−$223.00M	—	—	Dec 31, 2007
2006	$16.52B	$277.00M	59.6×	+41.4×	Dec 31, 2006
2005	$12.77B	$701.00M	18.2×	+0.2×	Dec 31, 2005
2004	$13.25B	$734.00M	18.0×	+4.8×	Dec 31, 2004
2003	$10.66B	$804.00M	13.3×	—	Dec 31, 2003
2002	$5.12B	−$3.65B	—	—	Dec 31, 2002
2001	$7.00B	$5.38B	1.3×	—	Dec 31, 2001


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)	52.9×
UGI (UGI)	32.9×
GE Vernova (GEV)	31.2×
FirstEnergy (FE)	16.3×
Duke Energy (DUK)	15.4×
Consolidated Edison (ED)	14.6×
American Electric Power Company (AEP)	11.5×
Avista (AVA)	7.9×

P/FCF Ratio for PG&E (PCG)

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

Historical P/FCF Ratio for PG&E (PCG) from 2001 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

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

Historical P/FCF Ratio for PG&E (PCG) from 2001 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

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

+How is the P/FCF ratio calculated?

+What is the P/FCF ratio?

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

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

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

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

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

PG&E (PCG) Key Financials