Pinnacle West Capital Corp
$21.62B- Market cap
- $11.82B
- Debt
- +$9.81B
- Cash
- −$6.60M
Capital structure 55% equity / 45% debt · EV / Revenue 4.05x · EV / EBITDA 16.84x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
Decision snapshot: PNW stock price vs BHF: inconclusive Relative valuation is incomplete for this pair. Review the available filing metrics before drawing a conclusion.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at BHF's multiple
Needs BHF P/E.
Implied fair value · at PNW's multiple
Needs PNW P/E.
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth lag
Pricing power
Operating leverage
Multiple premium
Not comparable
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: PNW FY 2025 (ended Dec 31, 2025) · BHF FY 2025 (ended Dec 31, 2025).
Trendline
Five fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 55% equity / 45% debt · EV / Revenue 4.05x · EV / EBITDA 16.84x
Complete market value, debt and cash evidence is required for enterprise value.
Capital structure 49% equity / 51% debt
PNW carries the larger enterprise value at $21.62B against $6.24B; BHF trades on the lower EV / Revenue multiple (0.92x vs 4.05x); BHF on the lower EV / EBITDA (10.06x vs 16.84x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
PINNACLE WEST CAPITAL CORP · implied price per share
Latest annual free cash flow must be positive to qualify the filing-backed baseline.
Brighthouse Financial, Inc. · implied price per share
Five annual free-cash-flow observations are required for the filing-backed baseline.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Not enough data to score either balance sheet.
Debt / equity
Total debt against shareholders' equity
1.39x
0.47x
Net debt / EBITDA
Leverage against operating earnings
7.63x
—
Cash and equivalents
Liquid reserves on the balance sheet
$6.60M
—
Total debt
Interest-bearing obligations outstanding
$9.81B
$3.16B
Comparable set
Where the pair sits against the wider comparable set.
Keep comparing
Open adjacent comparisons from the same industry to pressure-test the read across multiple pairs.
AES CORP
PNW vs AES
Duke Energy CORP
PNW vs DUK
DOMINION ENERGY, INC
PNW vs D
AMERICAN ELECTRIC POWER CO INC
PNW vs AEP
EXELON CORP
PNW vs EXC
SEMPRA
PNW vs SRE
LINCOLN NATIONAL CORP
PNW vs LNC
Jackson Financial Inc.
PNW vs JXN
METLIFE INC
PNW vs MET
PRINCIPAL FINANCIAL GROUP INC
PNW vs PFG
PRUDENTIAL FINANCIAL INC
PNW vs PRU
LLM-powered synthesis
An on-demand narrative read of the same deterministic data.
The deterministic comparison remains available. Sign in when you want an on-demand narrative synthesis of the same data.