Home Compare PNW vs TRN.MI
Stock Comparison · Industry comparison · Utilities - Regulated Electric

Pinnacle West Capital vs Terna S.p.A.: Which Stock Looks Stronger in 2026?

Terna S.p.A holds the cleaner structural position, with the lead spread across profitability and growth. Pinnacle West Capital still has the edge on valuation, which keeps the comparison from looking entirely one-sided. The market setup is broadly comparable for both — no clear directional signal from price behavior. 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.

Updated 2026-04-05

The comparison is mainly decided in profitability, with the rest of the profile carrying less weight. Terna S.p.A. leads by 27 points on the overall comparison score.

INDUSTRY COMPARISON

Both operate in: Utilities - Regulated Electric

This comparison is based on industry proximity, not on functional trajectory similarity. PNW and TRN.MI share the same industry classification.

For a similarity-based comparison, see how Pinnacle West Capital and Terna S.p.A each position within their functional peer groups in AssetNext.

Peer-Relative Score
PNW
Pinnacle West Capital Corporation
43
Peer-Score
Signal qualityMedium
vs
TRN.MI
Terna S.p.A.
70
Peer-Score
Signal qualityMedium

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

The largest gaps do not all point in the same direction.

Dimension spread: PNW vs TRN.MI Profitability 0 93 Stability 53 53 Valuation 81 59 Growth 39 70 PNW TRN.MI
Gap Ranking
#1 Profitability +93
#2 Growth +31
#3 Valuation +22
#4 Stability
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for PNW and TRN.MI Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer PNWTRN.MI Relative valuation Structural strength

Terna S.p.A. occupies the cheaper side of the setup map, although Pinnacle West Capital Corporation still holds the stronger structural profile.

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

Relative Position vs Comparable Companies
Profitability
Terna S.p.A. ranks near the top of the group on profitability; Pinnacle West Capital Corporation sits in the weaker half.
Growth
On growth, the gap still runs the same way: Terna S.p.A. sits near the top of the group, while Pinnacle West Capital Corporation remains in the weaker half.
Profitability — Dominant Gap
PNW
0
TRN.MI
93
Gap+93in favour of TRN.MI

The profitability lead is mainly driven by a 33-point operating margin advantage.

What else supports the lead

Growth still reinforces the same direction, which makes the lead look broader across the profile.

What this means for the comparison

The lead is built on both profitability and growth — though valuation still provides a counterweight.

Explore full peer positioning in AssetNext

Break down the PNW vs TRN.MI comparison across all dimensions with the full interactive tool.

Explore full breakdown →
Other comparisons with conflicting dimension signals

Explore how PNW and TRN.MI 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.

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.