PG&E Corp (PCG) - Net Assets
Based on the latest financial reports, PG&E Corp (PCG) has net assets worth $33.50 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($141.95 Billion) and total liabilities ($108.45 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check PG&E Corp tangible equity quality to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $33.50 Billion |
| % of Total Assets | 23.6% |
| Annual Growth Rate | 4.24% |
| 5-Year Change | 28.04% |
| 10-Year Change | 80.26% |
| Growth Volatility | 59.62 |
PG&E Corp - Net Assets Trend (1995–2025)
This chart illustrates how PG&E Corp's net assets have evolved over time, based on quarterly financial data. See PCG defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for PG&E Corp (1995–2025)
The table below shows the annual net assets of PG&E Corp from 1995 to 2025. For live valuation and market cap data, see PCG stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $32.79 Billion | +7.86% |
| 2024-12-31 | $30.40 Billion | +20.20% |
| 2023-12-31 | $25.29 Billion | +9.61% |
| 2022-12-31 | $23.07 Billion | -9.90% |
| 2021-12-31 | $25.61 Billion | +20.50% |
| 2020-12-31 | $21.25 Billion | +294.45% |
| 2019-12-31 | $5.39 Billion | -58.24% |
| 2018-12-31 | $12.90 Billion | -33.74% |
| 2017-12-31 | $19.47 Billion | +7.04% |
| 2016-12-31 | $18.19 Billion | +8.11% |
| 2015-12-31 | $16.83 Billion | +5.18% |
| 2014-12-31 | $16.00 Billion | +9.63% |
| 2013-12-31 | $14.59 Billion | +9.52% |
| 2012-12-31 | $13.33 Billion | +7.88% |
| 2011-12-31 | $12.35 Billion | -4.07% |
| 2010-12-31 | $12.88 Billion | +12.25% |
| 2009-12-31 | $11.47 Billion | +34.89% |
| 2008-12-31 | $8.51 Billion | -3.41% |
| 2007-12-31 | $8.80 Billion | +9.20% |
| 2006-12-31 | $8.06 Billion | +11.71% |
| 2005-12-31 | $7.22 Billion | -11.36% |
| 2004-12-31 | $8.14 Billion | +80.92% |
| 2003-12-31 | $4.50 Billion | +24.58% |
| 2002-12-31 | $3.61 Billion | -21.83% |
| 2001-12-31 | $4.62 Billion | +77.02% |
| 2000-12-31 | $2.61 Billion | -67.00% |
| 1999-12-31 | $7.91 Billion | -10.57% |
| 1998-12-31 | $8.85 Billion | -4.20% |
| 1997-12-31 | $9.23 Billion | +0.34% |
| 1996-12-31 | $9.20 Billion | -2.50% |
| 1995-12-31 | $9.44 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to PG&E Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 123.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $31.64 Billion | 97.22% |
| Other Comprehensive Income | $-25.00 Million | -0.08% |
| Other Components | $1.58 Billion | 4.85% |
| Total Equity | $32.54 Billion | 100.00% |
PG&E Corp Competitors by Market Cap
The table below lists competitors of PG&E Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shenzhen Longsys Electronics Co. Ltd. A
SHE:301308
|
$35.44 Billion |
|
Martin Marietta Materials Inc
NYSE:MLM
|
$35.45 Billion |
|
Intact Financial Corporation
TO:IFC
|
$35.55 Billion |
|
Ubiquiti Networks Inc
NYSE:UI
|
$35.67 Billion |
|
Paychex Inc
NASDAQ:PAYX
|
$35.20 Billion |
|
Chunghwa Telecom Co
TW:2412
|
$35.19 Billion |
|
Hartford Financial Services Group
NYSE:HIG
|
$35.16 Billion |
|
Aena SA
MC:AENA
|
$35.13 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PG&E Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 30,149,000,000 to 32,540,000,000, a change of 2,391,000,000 (7.9%).
- Net income of 2,703,000,000 contributed positively to equity growth.
- Dividend payments of 317,000,000 reduced retained earnings.
- Other comprehensive income decreased equity by 6,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $2.70 Billion | +8.31% |
| Dividends Paid | $317.00 Million | -0.97% |
| Other Comprehensive Income | $-6.00 Million | -0.02% |
| Other Changes | $11.00 Million | +0.03% |
| Total Change | $- | 7.93% |
Book Value vs Market Value Analysis
This analysis compares PG&E Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.12x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.74x to 1.12x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1995-12-31 | $22.25 | $16.48 | x |
| 1996-12-31 | $22.30 | $16.48 | x |
| 1997-12-31 | $23.80 | $16.48 | x |
| 1998-12-31 | $24.48 | $16.48 | x |
| 1999-12-31 | $20.68 | $16.48 | x |
| 2000-12-31 | $8.95 | $16.48 | x |
| 2001-12-31 | $11.01 | $16.48 | x |
| 2002-12-31 | $9.59 | $16.48 | x |
| 2003-12-31 | $10.57 | $16.48 | x |
| 2004-12-31 | $20.27 | $16.48 | x |
| 2005-12-31 | $18.66 | $16.48 | x |
| 2006-12-31 | $21.75 | $16.48 | x |
| 2007-12-31 | $24.23 | $16.48 | x |
| 2008-12-31 | $26.90 | $16.48 | x |
| 2009-12-31 | $26.77 | $16.48 | x |
| 2010-12-31 | $28.78 | $16.48 | x |
| 2011-12-31 | $30.10 | $16.48 | x |
| 2012-12-31 | $30.76 | $16.48 | x |
| 2013-12-31 | $32.23 | $16.48 | x |
| 2014-12-31 | $33.51 | $16.48 | x |
| 2015-12-31 | $34.04 | $16.48 | x |
| 2016-12-31 | $35.81 | $16.48 | x |
| 2017-12-31 | $37.47 | $16.48 | x |
| 2018-12-31 | $24.96 | $16.48 | x |
| 2019-12-31 | $10.20 | $16.48 | x |
| 2020-12-31 | $16.71 | $16.48 | x |
| 2021-12-31 | $12.90 | $16.48 | x |
| 2022-12-31 | $10.70 | $16.48 | x |
| 2023-12-31 | $11.71 | $16.48 | x |
| 2024-12-31 | $14.04 | $16.48 | x |
| 2025-12-31 | $14.78 | $16.48 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PG&E Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.31%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.84%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 4.35x
- Recent ROE (8.31%) is above the historical average (-1.62%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1995 | 14.19% | 13.92% | 0.36x | 2.84x | $395.03 Million |
| 1996 | 8.21% | 7.86% | 0.37x | 2.84x | $-165.09 Million |
| 1997 | 7.35% | 4.65% | 0.50x | 3.14x | $-257.60 Million |
| 1998 | 8.13% | 3.61% | 0.60x | 3.76x | $-165.60 Million |
| 1999 | -0.95% | -0.35% | 0.70x | 3.88x | $-839.60 Million |
| 2000 | -106.05% | -12.82% | 0.74x | 11.13x | $-3.68 Billion |
| 2001 | 25.43% | 4.79% | 0.64x | 8.30x | $666.80 Million |
| 2002 | -24.19% | -8.32% | 0.32x | 9.15x | $-1.24 Billion |
| 2003 | 9.96% | 4.02% | 0.35x | 7.16x | $-1.50 Million |
| 2004 | 52.17% | 40.65% | 0.33x | 3.94x | $3.64 Billion |
| 2005 | 12.70% | 7.84% | 0.34x | 4.72x | $195.20 Million |
| 2006 | 12.69% | 7.90% | 0.36x | 4.46x | $209.90 Million |
| 2007 | 11.76% | 7.60% | 0.35x | 4.39x | $150.70 Million |
| 2008 | 14.04% | 9.24% | 0.36x | 4.24x | $389.10 Million |
| 2009 | 11.94% | 9.21% | 0.31x | 4.24x | $200.70 Million |
| 2010 | 9.87% | 8.04% | 0.29x | 4.20x | $-15.20 Million |
| 2011 | 7.09% | 5.74% | 0.30x | 4.11x | $-352.10 Million |
| 2012 | 6.35% | 5.52% | 0.29x | 4.01x | $-477.40 Million |
| 2013 | 5.77% | 5.31% | 0.28x | 3.88x | $-606.20 Million |
| 2014 | 9.21% | 8.48% | 0.28x | 3.82x | $-124.80 Million |
| 2015 | 5.36% | 5.28% | 0.27x | 3.81x | $-769.60 Million |
| 2016 | 7.84% | 7.96% | 0.26x | 3.82x | $-387.00 Million |
| 2017 | 8.64% | 9.69% | 0.25x | 3.54x | $-262.00 Million |
| 2018 | -52.99% | -40.80% | 0.22x | 5.97x | $-8.13 Billion |
| 2019 | -141.83% | -44.61% | 0.20x | 15.81x | $-8.18 Billion |
| 2020 | -6.21% | -7.06% | 0.19x | 4.66x | $-3.40 Billion |
| 2021 | -0.34% | -0.43% | 0.20x | 4.03x | $-2.65 Billion |
| 2022 | 7.95% | 8.37% | 0.18x | 5.20x | $-468.30 Million |
| 2023 | 9.01% | 9.24% | 0.19x | 5.02x | $-248.00 Million |
| 2024 | 8.33% | 10.29% | 0.18x | 4.43x | $-502.90 Million |
| 2025 | 8.31% | 10.84% | 0.18x | 4.35x | $-551.00 Million |
Industry Comparison
This section compares PG&E Corp's net assets metrics with peer companies in the Utilities - Regulated Electric industry.
Industry Context
- Industry: Utilities - Regulated Electric
- Average net assets among peers: $9,496,303,200
- Average return on equity (ROE) among peers: -23.86%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PG&E Corp (PCG) | $33.50 Billion | 14.19% | 3.24x | $35.39 Billion |
| Ameren Corp (AEE) | $6.60 Billion | 8.29% | 1.97x | $30.07 Billion |
| American Electric Power Co Inc (AEP) | $19.91 Billion | 9.65% | 2.81x | $69.48 Billion |
| CMS Energy Corporation (CMS) | $1.98 Billion | 12.34% | 3.95x | $22.43 Billion |
| CenterPoint Energy Inc (CNP) | $1.56 Billion | 27.76% | 10.33x | $27.65 Billion |
| Dominion Energy Inc (D) | $11.44 Billion | 2.78% | 2.86x | $58.27 Billion |
| DTE Energy Company (DTE) | $5.44 Billion | 9.57% | 2.81x | $30.36 Billion |
| Duke Energy Corporation (DUK) | $18.41 Billion | 5.62% | 2.31x | $96.56 Billion |
| Consolidated Edison Inc (ED) | $11.48 Billion | 8.74% | 2.17x | $39.18 Billion |
| Empresa Distribuidora y Comercializadora Norte SA ADR (EDN) | $361.83 Million | -328.51% | 51.33x | $519.48 Million |
| Edison International (EIX) | $17.79 Billion | 5.20% | 3.20x | $27.16 Billion |
About PG&E Corp
PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to customers in northern and central California, the United States. It generates electricity using nuclear, hydroelectric, fossil fuel-fired, fuel cells, and photovoltaic sources. The company owns and operates interconnected transmission lines; electric trans… Read more