Explain this page
Arphra AIPlain-English read on PG&E Corporation’s valuationRatios & metrics
Profitability, returns on capital, growth, and credit — all derived from the historical income statement, balance sheet, and cash flow rows in our data warehouse.
Quality composite
CMixed
A snapshot of the latest fiscal year’s margins, returns on capital, balance-sheet strength and efficiency, computed from the income statement, balance sheet and cash-flow rows. Source income / balance / cash_flow.
Profitability
Gross margin19.6%
Operating margin19.6%
Net margin10.8%
ROE8.2%
ROA1.9%
ROIC5.8%
Liquidity & leverage
Current ratio0.97×
Quick ratio0.92×
Debt / equity1.87×
Net debt / EBITDA6.14×
Interest coverage2×
Efficiency & per-share
Asset turnover0.18×
Inventory days15
Days sales out.172
FCF / share$-1.39
Book value / share$14.89
Valuation multiples
Price- and EV-based multiples plus shareholder yields. Snapshot at each fiscal year-end from key_metrics (FMP).
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Headline | |||||||||
| Market cap | — | — | — | $43.21B | $35.31B | — | — | — | — |
| Enterprise value | — | — | — | $100.61B | $95.93B | — | — | — | — |
| Multiples | |||||||||
| P / E | — | — | — | — | — | — | — | — | — |
| P / B | — | — | — | — | — | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | — |
| EV / Sales | — | — | — | 4.12 | 3.85 | — | — | — | — |
| EV / FCF | — | — | — | -43.11 | -31.24 | — | — | — | — |
| Yields | |||||||||
| Earnings yield | — | — | — | +5.81% | +7.66% | — | — | — | — |
| Free cash flow yield | — | — | — | -5.40% | -8.70% | — | — | — | — |
| Dividend yield | — | — | — | — | — | — | — | — | — |
Profitability
Margin structure across the last 5 fiscal years
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Margins | |||||||||
| Gross margin | +10.37% | +12.37% | +16.38% | +37.50% | +19.59% | +23.80% | +24.83% | +24.50% | +24.61% |
| Operating margin | +10.37% | +12.37% | +16.38% | +18.26% | +19.59% | +18.29% | +18.61% | +18.45% | +17.57% |
| EBITDA margin | +30.37% | +31.02% | +32.15% | +40.69% | +39.58% | +38.20% | +36.58% | +37.47% | +37.26% |
| EBIT margin | +11.38% | +11.04% | +14.53% | +21.96% | +19.59% | +19.12% | +19.03% | +18.30% | +18.72% |
| Pre-tax margin | +3.62% | +2.20% | +2.86% | +9.47% | +9.72% | +7.48% | +7.25% | +7.36% | +7.45% |
| Net margin | -0.43% | +8.37% | +9.24% | +10.29% | +10.84% | +9.85% | +10.04% | +10.41% | +10.23% |
| Cost structure | |||||||||
| Cost of revenue / sales | +89.63% | +87.63% | +83.62% | +62.50% | +80.41% | +75.77% | +75.56% | +75.01% | +75.87% |
| R&D intensity | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| SG&A intensity | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Effective tax rate | +111.76% | -281.09% | -222.75% | -8.65% | -11.56% | -8.35% | -8.54% | -8.51% | -8.47% |
Returns on capital
ROE / ROA / ROC / ROIC over the relevant capital base, plus the 3-step DuPont decomposition of ROE.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Returns | |||||||||
| Return on equity (ROE) | -0.41% | +7.86% | +8.92% | +8.26% | +8.24% | +8.07% | +8.58% | +8.77% | +8.67% |
| Return on assets (ROA) | -0.09% | +1.53% | +1.79% | +1.88% | +1.91% | +1.77% | +1.83% | +1.91% | +1.93% |
| Return on capital (ROC) | +3.18% | +3.50% | +4.82% | +5.02% | +5.19% | +5.04% | +5.19% | +5.24% | +4.91% |
| Return on invested capital (ROIC) | +2.38% | +2.37% | +2.72% | +2.83% | +2.87% | +2.71% | +2.80% | +2.95% | +2.86% |
| Asset turnover | +19.98% | +18.27% | +19.43% | +18.27% | +17.61% | +17.97% | +18.22% | +18.34% | +18.84% |
| DuPont · ROE decomposition | |||||||||
| Net margin | -0.43% | +8.37% | +9.24% | +10.29% | +10.84% | +9.85% | +10.04% | +10.41% | +10.23% |
| Asset turnover (× revenue / assets) | +19.98% | +18.27% | +19.43% | +18.27% | +17.61% | +17.97% | +18.22% | +18.34% | +18.84% |
| Equity multiplier (× assets / equity) | +486.86% | +514.17% | +496.99% | +439.66% | +431.85% | +455.84% | +469.18% | +459.36% | +449.88% |
Activity & efficiency
Turnover ratios and days-outstanding — how efficiently the business converts assets and working capital into sales and cash.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||
| Asset turnover | 0.20 | 0.18 | 0.19 | 0.18 | 0.18 | 0.18 | 0.18 | 0.18 | 0.19 |
| Fixed-asset turnover | 0.29 | 0.28 | 0.29 | 0.28 | 0.26 | — | — | — | — |
| Inventory turnover | 31.04 | 22.56 | 23.48 | 18.61 | 24.45 | — | — | — | — |
| Receivables turnover | 2.48 | 2.45 | 2.34 | 1.92 | 2.12 | — | — | — | — |
| Payables turnover | 6.48 | 6.58 | 8.85 | 5.55 | 5.98 | — | — | — | — |
| Days outstanding | |||||||||
| Days sales outstanding (DSO) | 147.38 | 148.78 | 156.23 | 190.49 | 171.98 | — | — | — | — |
| Days inventory outstanding (DIO) | 11.76 | 16.18 | 15.55 | 19.61 | 14.93 | — | — | — | — |
| Days payables outstanding (DPO) | 56.33 | 55.49 | 41.26 | 65.72 | 61.04 | — | — | — | — |
| Cash conversion cycle | 102.82 | 109.47 | 130.52 | 144.38 | 125.87 | — | — | — | — |
Cash flow quality
How well reported earnings translate into operating and free cash flow, plus reinvestment intensity.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Operating CF / Net income | -25.70 | 2.05 | 2.10 | 3.20 | 3.22 | 3.02 | 2.92 | 2.77 | 2.79 |
| FCF / Net income | 61.67 | -3.23 | -2.20 | -0.93 | -1.14 | -1.39 | -1.38 | -1.32 | -1.37 |
| FCF margin | -26.29% | -27.04% | -20.33% | -9.56% | -12.32% | -13.66% | -13.88% | -13.70% | -14.06% |
| OCF margin | +10.96% | +17.16% | +19.43% | +32.90% | +34.95% | +29.79% | +29.32% | +28.83% | +28.53% |
| CapEx / Revenue | +37.25% | +44.21% | +39.77% | +42.46% | +47.27% | +44.14% | +43.32% | +43.48% | +42.50% |
| CapEx / D&A | 1.96 | 2.21 | 2.26 | 2.27 | 2.36 | — | — | — | — |
| Stock-based comp / Revenue | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | — | — | — | — |
Per-share & shareholder yield
EPS, book value, sales, cash flow and dividends per share — plus payout / retention.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| EPS · diluted | -0.05 | 0.84 | 1.05 | 1.15 | 1.18 | 1.65 | 1.80 | 1.97 | 2.14 |
| EPS · basic | -0.05 | 0.91 | 1.09 | 1.16 | 1.18 | 1.69 | 1.81 | 2.00 | 2.15 |
| Book value / share | 10.69 | 10.82 | 11.83 | 14.16 | 14.89 | 14.80 | 14.65 | 15.49 | 15.42 |
| Tangible BV / share | 10.69 | 10.82 | 11.83 | 14.16 | 14.89 | 14.80 | 14.65 | 15.49 | 15.42 |
| Sales / share | 10.40 | 10.17 | 11.43 | 11.37 | 11.32 | 12.12 | 12.52 | 13.05 | 13.07 |
| Operating CF / share | 1.14 | 1.75 | 2.22 | 3.74 | 3.96 | 3.61 | 3.67 | 3.76 | 3.73 |
| Free cash flow / share | -2.73 | -2.75 | -2.32 | -1.09 | -1.39 | -1.66 | -1.74 | -1.79 | -1.84 |
| Dividends / share | 0.00 | 0.00 | 0.00 | 0.04 | 0.10 | 0.05 | 0.05 | 0.05 | 0.06 |
| Payout ratio | 0.00% | 0.00% | 0.00% | +3.42% | +8.14% | +4.29% | +4.21% | +3.92% | +4.12% |
| Retention ratio | +100.00% | +100.00% | +100.00% | +96.58% | +91.86% | +95.71% | +95.79% | +96.08% | +95.88% |
Growth
Year-over-year change for headline P&L lines, plus through-cycle CAGR
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E | 8y CAGR |
|---|---|---|---|---|---|---|---|---|---|---|
| Top-line | ||||||||||
| Revenue · YoY | — | +5.03% | +12.68% | -0.04% | +2.11% | +6.50% | +3.34% | +3.76% | +2.06% | +4.37% |
| Gross profit · YoY | — | +25.27% | +49.22% | +128.84% | -46.67% | +29.41% | +7.80% | +2.38% | +2.51% | +16.27% |
| Profit | ||||||||||
| Operating income · YoY | — | +25.27% | +49.22% | +11.42% | +9.53% | -0.58% | +5.19% | +2.87% | -2.84% | +11.47% |
| EBITDA · YoY | — | +7.29% | +16.77% | +26.50% | -0.65% | +2.77% | -1.02% | +6.26% | +1.49% | +7.07% |
| Net income · YoY | — | +2161.36% | +24.37% | +11.35% | +7.60% | -3.24% | +5.36% | +7.53% | +0.28% | — |
| Operating | ||||||||||
| EBIT · YoY | — | +1.87% | +48.31% | +51.11% | -8.93% | +3.98% | +2.82% | -0.22% | +4.40% | +11.06% |
| R&D · YoY | — | — | — | — | — | — | — | — | — | — |
| Per-share | ||||||||||
| EPS · diluted · YoY | — | +1780.00% | +25.00% | +9.52% | +2.61% | +39.56% | +9.42% | +9.31% | +8.65% | — |
| EPS · basic · YoY | — | +1920.00% | +19.78% | +6.42% | +1.72% | +42.92% | +7.22% | +10.46% | +7.61% | — |
Credit & leverage
Balance-sheet health + interest coverage + liquidity. Coverage ratios use period-end debt and trailing interest expense.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Leverage | |||||||||
| Total debt | $46.17B | $53.54B | $57.73B | $58.34B | $61.34B | $63.99B | $66.33B | $66.55B | $69.64B |
| Net debt | $45.88B | $52.81B | $57.1B | $57.4B | $60.62B | $63.14B | $65.5B | $65.67B | $68.77B |
| Net debt / EBITDA | 7.32 | 7.85 | 7.27 | 5.78 | 6.14 | 6.23 | 6.52 | 6.16 | 6.35 |
| Debt / equity | 2.18 | 2.32 | 2.28 | 1.92 | 1.87 | 1.97 | 2.07 | 1.97 | 2.03 |
| Debt / assets | +44.68% | +45.13% | +45.93% | +43.65% | +43.31% | +43.31% | +44.04% | +42.86% | +45.16% |
| Equity / assets | +20.54% | +19.45% | +20.12% | +22.75% | +23.16% | +21.94% | +21.31% | +21.77% | +22.23% |
| Coverage | |||||||||
| EBITDA / interest expense | 3.92 | 3.51 | 2.76 | 3.26 | 3.26 | 3.20 | 3.01 | 3.12 | 3.11 |
| Operating income / interest | 1.34 | 1.40 | 1.40 | 1.46 | 1.61 | 1.53 | 1.53 | 1.54 | 1.47 |
| Interest expense | $1.6B | $1.92B | $2.85B | $3.05B | $3.03B | $3.17B | $3.34B | $3.41B | $3.48B |
| Liquidity | |||||||||
| Current ratio | 0.64 | 0.81 | 0.83 | 1.05 | 0.97 | — | — | — | — |
| Quick ratio | 0.49 | 0.61 | 0.64 | 0.84 | 0.76 | — | — | — | — |
| Cash ratio | 0.02 | 0.05 | 0.04 | 0.06 | 0.04 | — | — | — | — |
| Working capital | -$6.35B | -$2.97B | -$2.93B | $886M | -$470M | — | — | — | — |
| Working capital / revenue | -30.76% | -13.71% | -12.00% | +3.63% | -1.88% | — | — | — | — |
Sourced from key_metrics + financial_ratios (loaded by load_fundamentals_extended.py).
Valuation
| Metric | FY 2025 | FY 2024 |
|---|---|---|
| P / E | — | — |
| P / B | — | — |
| EV / EBITDA | — | — |
| EV / Sales | 3.85x | 4.12x |
| Earnings yield | 7.7% | 5.8% |
| FCF yield | -8.7% | -5.4% |
Returns
| Metric | FY 2025 | FY 2024 |
|---|---|---|
| Gross margin | — | — |
| Operating margin | — | — |
| Net margin | — | — |
| ROE | 8.3% | 8.3% |
| ROA | 1.9% | 1.9% |
| ROIC | 3.8% | 3.7% |
Leverage & liquidity
| Metric | FY 2025 | FY 2024 |
|---|---|---|
| Debt / equity | — | — |
| Net debt / EBITDA | 6.14 | 5.78 |
| Interest coverage | — | — |
| Current ratio | 0.97x | 1.05x |
| Quick ratio | — | — |
Methodology. ROE / ROA / ROC use period-end balance-sheet denominators (no average-of- period smoothing). ROIC = Operating Income × (1 − inferred effective tax rate) over invested capital, with the effective tax inferred from net-to-operating income when both are positive and a 25% default otherwise. Net debt / EBITDA, debt ratios, and interest-coverage ratios are calculated point-in-time at each fiscal year-end. TTM = trailing 4 quarters (income / cash flow summed, balance sheet = most-recent quarterly snapshot). Through-cycle CAGR in the Growth panel uses the geometric mean of first-to-last period growth across the window (positive values only).