PG&E (PCG)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
Fundamental grade
Five factors scored 1 to 9 from PCG's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from PG&E's 10-K filings. The deep dive has 15+ years, quarters and every line.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $20.6B | $21.7B | $24.4B | $24.4B | $24.9B |
| Net income | -$102M | $1.8B | $2.2B | $2.5B | $2.6B |
| Free cash flow | -$5.4B | -$5.9B | -$5.0B | -$2.3B | -$3.1B |
| EPS (diluted) | -$0.05 | $0.84 | $1.05 | $1.15 | $1.18 |
| Operating margin | 9.1% | 8.5% | 10.9% | 18.3% | 19.0% |
Where the revenue comes from
Revenue by products, fiscal 2025.
Superinvestors who own PCG
From each investor's latest 13F filing (what a 13F shows). 6 of the investors we track hold it.
| Investor | Last quarter | Value | % of portfolio | Quarter |
|---|---|---|---|---|
| Cliff Asness AQR Capital Management |
Added | $1.5B | 0.51% | Q2 2026 |
| Hersh Cohen ClearBridge Investments |
Trimmed | $336M | 0.28% | Q2 2026 |
| Steven Romick First Pacific Advisors |
Added | $20M | 0.25% | Q2 2026 |
| PRIMECAP Management PRIMECAP Management Co |
Held | $13M | 0.01% | Q2 2026 |
| Joel Greenblatt Gotham Asset Management |
Trimmed | $717,205 | 0.00% | Q2 2026 |
| Andrew Redleaf Whitebox Advisors |
Held | $252,300 | 0.01% | Q2 2026 |
Insider buying
Open-market purchases by PG&E's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.
| Date | Insider | Shares | Price | Value |
|---|---|---|---|---|
| Sep 30, 2026 | John O Larsen Director |
7,500 | $12.20 | $91,500 |
| Nov 4, 2025 | John O Larsen |
7,500 | $15.96 | $119,700 |
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In the full deep dive
Questions
Are PG&E insiders buying the stock?
2 open-market insider purchases of PCG in the last 12 months, from SEC Form 4 filings.
Which superinvestors own PG&E?
6 of the superinvestors Investingly tracks hold PCG in their latest 13F, including Cliff Asness, Hersh Cohen, Steven Romick.
Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.