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Stock Comparison · Valuation-led comparison

Cellnex Telecom vs Pinnacle West Capital: Which Stock Looks Stronger in 2026?

Pinnacle West Capital leads structurally, with valuation as the clearest single gap between the two profiles. Cellnex Telecom, still leads on growth and stability, which keeps the comparison from looking entirely one-sided. The market setup is mixed, without a decisive signal in either direction. The market is not adding a decisive signal either way — the structural read carries the weight.

The comparison is based on similar long-term financial trajectories, not sector labels. Peer scores are normalised within each company's primary universe (CLNX.MC: STOXX 600, PNW: Russell 1000).

Updated 2026-08-16

The comparison is mainly decided in valuation, with the rest of the profile carrying less weight. The overall score gap is 17 points in favour of Pinnacle West Capital Corporation.

Trajectory Similarity
0.73
Similar
Peer-set rank: #11
within Cellnex Telecom, S.A.'s functional peer set

These two companies are linked by measured long-term financial trajectory similarity within the selected peer universe.

A solid similarity means the pair shares a clearly comparable long-term financial profile, even if individual dimensions still differ.

The strongest overlap appears in recent revenue growth and margin trend.

Similarity drivers
recent revenue growthmargin trend
How to read the score
0.85–1.00 · Very similar0.70–0.84 · Similar0.55–0.69 · Moderately similarbelow 0.55 · Loose match
Peer-Relative Score
CLNX.MC
Cellnex Telecom, S.A.
33
Peer-Score
Signal qualitylow
Peer basis: STOXX 600
vs
PNW
Pinnacle West Capital Corporation
50
Peer-Score
Signal qualitylow
Peer basis: Russell 1000

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

Pricing shapes this comparison more than a broad operating gap.

Dimension spread: CLNX.MC vs PNW Profitability 0 8 Stability 81 64 Valuation 8 81 Growth 73 50 CLNX.MC PNW
Gap Ranking
#1 Valuation +73
#2 Growth +23
#3 Stability +17
#4 Profitability +8
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for CLNX.MC and PNW Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer CLNX.MCPNW Relative valuation Structural strength

Structure clearly favours Cellnex Telecom, S.A., even though current pricing leans the other way.

Valuation position uses peer-relative valuation score and peer-relative PE percentile (idx_pct_pe) where available.

Relative Position vs Comparable Companies
Valuation
Pinnacle West Capital Corporation ranks near the top of the group on valuation; Cellnex Telecom, S.A. sits in the weaker half.
Growth
On growth, the same pattern holds: both rank well, but Cellnex Telecom, S.A. still sits higher.
Valuation — Dominant Gap
CLNX.MC
8
PNW
81
Gap+73in favour of PNW

The multiple-based pricing edge comes from a forward P/E that is 2211 turns lower.

What keeps the gap from being one-sided

Cellnex Telecom, S.A. still carries lower volatility exposure — that difference is real enough to prevent the comparison from becoming one-sided.

What this means for the comparison

The valuation edge is decisive, even though current pricing and growth still lean somewhat toward Cellnex Telecom, S.A..

Explore full peer positioning in AssetNext

Break down the CLNX.MC vs PNW comparison across all dimensions with the full interactive tool.

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Explore how CLNX.MC and PNW each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.