Quality score · PCG · Utilities

Is PG&E Corporation a quality business?

PG&E Corporation (PCG) scored on five pillars from its reported financial statements, and ranked against 52 Utilities companies.

3.9/ 10
Low quality
as of October 17, 2026
Profitability
4.9 Average
Solvency
2.1 Weak
Growth
6.3 Average
Efficiency
3.2 Weak
Predictability
2.8 Weak
Strongest pillar: Growth · Weakest: Solvency

PG&E Corporation (PCG) scores 3.9 out of 10 as of , computed from its reported financial statements. That reads as low quality. The reading rests on growth, and solvency is what holds it back.

Data provided by Twelve Data. Scores are computed by Lemma Analysis from reported financials.

Does PG&E Corporation have an economic moat?

Not enough data

We cannot judge PG&E Corporation yet, because fewer than five years had both a return on capital and a cost of capital we could measure. This is not a “no”.

Quantitative signs of a moat, read from the filed statements. This is not a judgement of where it comes from (brand, network effects, switching costs). How Lemma measures a moat →

How PG&E Corporation scores

On the filings behind it, PG&E Corporation earns 3.9 out of 10 for business quality as of October 17, 2026. That is low quality on our scale. A low reading means the reported numbers show weakness on several pillars at once, which is a reason to understand the business before anything else. The figure is a weighted average of five pillars, each scored from 0 to 10 against sector-aware benchmarks from reported statements.

Set against 52 Utilities companies, PG&E Corporation lands at the 47th percentile, just below the middle of the group. For reference, the middle of the group scores 3.9 and a company needs 4.4 to reach its top quarter, which leaves PG&E Corporation in line with the median.

Pillar by pillar

Profitability

Profitability scores 4.9 out of 10, which reads as average. The median across 49 Utilities companies is 4.8, so PG&E Corporation is in line with its peers on this pillar and ranks at the 52nd percentile. An average profitability reading usually means the company earns a fair return without obvious pricing power, so the other pillars decide more of the story.

Solvency

Solvency scores 2.1 out of 10, which reads as weak. The median across 49 Utilities companies is 2.9, so PG&E Corporation is below its peers on this pillar and ranks at the 15th percentile. Stretched leverage narrows the options open to management, since cash that services debt is cash that cannot be reinvested.

Growth

On growth, PG&E Corporation scores 6.3, an average reading. Its peers have a median of 4.9 across 47 Utilities companies, which places it above them, at the 80th percentile. Average growth reflects a business expanding at roughly the pace of its sector, without a clear acceleration or decline.

Efficiency

Efficiency scores 3.2 out of 10, which reads as weak. The median across 51 Utilities companies is 3.0, so PG&E Corporation is in line with its peers on this pillar and ranks at the 56th percentile. Weak efficiency means more capital is tied up to produce each unit of output, or less of reported profit is arriving as cash.

Predictability

Predictability scores 2.8 out of 10, which reads as weak. The median across 51 Utilities companies is 3.5, so PG&E Corporation is below its peers on this pillar and ranks at the 35th percentile. A low predictability score often belongs to cyclical businesses, where good and bad years alternate with the economy or with commodity prices.

Strongest and weakest pillar

This is a lopsided profile. Growth scores 6.3 but solvency only 2.1, a gap of 4.2 points, so the overall hides a business that is excellent in one respect and weak in another. A growth lead says the business is expanding faster than it is doing anything else well, which is worth checking against predictability. A solvency shortfall makes the business more exposed to rising rates and to a weak year.

What would move the score

Closing the gap on solvency would do the most for the overall. At the median of Utilities companies, 2.9, PG&E Corporation would score about 4.1 instead of 3.9. All five pillars could be scored, so the overall uses the full set of weights out of 100: profitability 25, solvency 20, growth 20, efficiency 15, predictability 20.

PG&E Corporation and similar companies

These are the Utilities companies closest to PG&E Corporation in market value. Each has its own page scored on the same five pillars, so the comparison is like for like.

What each pillar measures

Profitability

4.9 / 10

How much profit the company generates from its capital and sales.

Solvency

2.1 / 10

The company’s ability to service debt and meet its obligations.

Growth

6.3 / 10

How fast revenue, earnings and cash flow are compounding.

Efficiency

3.2 / 10

How well assets and earnings convert into cash and output.

Predictability

2.8 / 10

How stable and consistent results have been over time.

How this score is calculated

Each metric is scored from 0 to 10 against sector-aware benchmarks, where higher is better. Metrics roll up into five pillars, and the pillars combine into the overall score using the weights shown. Sector-sensitive metrics are judged relative to peers in the same sector.

Limitations

This score is a systematic, backward-looking read of reported fundamentals. It does not judge valuation, management quality, competitive moat, or future prospects, and can be distorted by one-off items or unusual accounting. Treat it as a starting point, not a recommendation.

Educational only. Not investment advice.

FAQ

Is PG&E Corporation a quality business?

On this reading PG&E Corporation scores 3.9 out of 10, which reads as low quality. Its strongest pillar is growth, its weakest is solvency. Quality is not the same as a good investment: the score says nothing about the price you would pay.

How does PG&E Corporation compare with other Utilities companies?

PG&E Corporation ranks at the 47th percentile of the 52 Utilities companies Lemma publishes a score for. The median there is 3.9 and the top quarter starts at 4.4, against PG&E Corporation’s 3.9.

What does the PCG quality score measure?

Five pillars, each scored from 0 to 10 against sector-aware benchmarks and then weighted into one overall reading: profitability, solvency, growth, efficiency and predictability. Everything comes from reported financials, and nothing comes from price, sentiment or forecasts.

How current is this score?

This page last changed on October 17, 2026. The score moves with the financial statements, so the page changes when a new filing moves the reading rather than on a schedule. Live figures for PCG are in the app.

Does a high score mean the stock is cheap?

No. Quality and valuation are separate questions, and a good business at the wrong price is still a bad purchase. Score the business here, then price it with a DCF you control.

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Score any company, not just these.

Inside Lemma Analysis the same five pillars run on every company we cover, with the metrics behind each one, current fundamentals, a DCF you control and a watchlist that tells you when the price catches up.

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