How to buy Pinnacle West Capital (PNW) stocks

Learn how to easily invest in Pinnacle West Capital stocks.

Pinnacle West Capital is an utilities - regulated electric business based in the US. Pinnacle West Capital shares (PNW.US) are listed on the NYSE and all prices are listed in US dollars. Pinnacle West Capital employs 6,133 staff and has a trailing 12-month revenue of around $4.9 billion.

How to buy shares in Pinnacle West Capital

  1. Open a brokerage account. Choose from our top broker picks or compare brokers in depth. Then, complete an application.
  2. Fund your account. Add money to your account via bank transfer, debit card or credit card.
  3. Search the platform by ticker symbol. PNW in this case.
  4. Choose an order type. Place a market order or limit order with your preferred number of shares or dollar amount.
  5. Submit the order. It's that simple.
The whole process can take as little as 15 minutes. You'll need a smartphone or computer, an internet connection, your passport or driving licence and a means of payment.

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Is Pinnacle West Capital under- or over-valued?

Valuing a stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of overall performance. However, analysts commonly use some key metrics to help gauge value. Check out the Pinnacle West Capital P/E ratio, PEG ratio and EBITDA.

Pinnacle West Capital's current stock price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 16x. In other words, Pinnacle West Capital's stocks trade at around 16x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the United States stock markets on average as of November 09, 2023 (20.44). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Pinnacle West Capital's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 2.8726. Higher PEG ratios such as this can be interpreted as meaning the shares offer worse value given the current rate of growth.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Pinnacle West Capital's future profitability. By accounting for growth, it could also help you if you're comparing the stock prices of multiple high-growth companies.

Pinnacle West Capital's EBITDA (earnings before interest, taxes, depreciation and amortisation) is a whopping $1.9 billion ($1 CAD).

The EBITDA is a measure of Pinnacle West Capital's overall financial performance and is widely used to measure a its profitability.

Frequently asked questions

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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