PNW vs TME

Comparison between Pinnacle West Capital Corp (PNW, Company) and Tencent Music Entertainment Group (TME, Company).

PNW is from the Utilities sector, while TME is from the Communication Services sector.

5-Year PerformancePNW has outperformed TME, delivering a return of +10.2% compared to -11.0%

PNW vs TME - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PNW(COMPANY)	TME(COMPANY)
Market Cap	$13B	$13B
Max Drawdown	56.65%	90.19%
Sharpe Ratio	1.15	-1.55
5Y Beta	0.12	0.71
Industry	Utilities - Regulated Electric	Internet Content & Information
P/E Ratio	19.43	10.50
Forward P/E	22.47	8.59
PEG Ratio	3.16	1.08
Dividend Yield	3.47%	2.93%
5Y Dividends CAGR	6.67%	N/A
5Y EPS CAGR	-1.71%	24.42%
Debt to Equity	147.16%	6.51%
Free Cash Flow Yield	12.81%	5.86%
P/S Ratio	2.34	0.40
P/B Ratio	1.81	1.22

Market Cap

Winner

PNW

$13B

TME

$13B

Max Drawdown

Winner

PNW

56.65%

TME

90.19%

Sharpe Ratio

Winner

PNW

1.15

TME

-1.55

5Y Beta

Winner

PNW

0.12

TME

0.71

Industry

PNW

Utilities - Regulated Electric

TME

Internet Content & Information

P/E Ratio

PNW

19.43

Winner

TME

10.50

Forward P/E

PNW

22.47

Winner

TME

8.59

PEG Ratio

PNW

3.16

Winner

TME

1.08

Dividend Yield

Winner

PNW

3.47%

TME

2.93%

5Y Dividends CAGR

PNW

6.67%

TME

N/A

5Y EPS CAGR

PNW

-1.71%

Winner

TME

24.42%

Debt to Equity

PNW

147.16%

Winner

TME

6.51%

Free Cash Flow Yield

Winner

PNW

12.81%

TME

5.86%

P/S Ratio

PNW

2.34

Winner

TME

0.40

P/B Ratio

PNW

1.81

Winner

TME

1.22

PNW vs TME - Historical Returns

Returns include dividend reinvestment.

Period	PNW	TME
1 month	+5.11%	-8.71%
3 months	+10.64%	-9.28%
6 months	+24.58%	-51.14%
1 year	+26.27%	-53.96%
5 years(CAGR)	+10.24%	-11.03%
10 years(CAGR)	+7.31%	N/A
Max(CAGR)	+8.76%	-5.97%

Winner

PNW

+5.11%

TME

-8.71%

Winner

PNW

+10.64%

TME

-9.28%

Winner

PNW

+24.58%

TME

-51.14%

Winner

PNW

+26.27%

TME

-53.96%

5Y(CAGR)

Winner

PNW

+10.24%

TME

-11.03%

10Y(CAGR)

PNW

+7.31%

TME

N/A

Max(CAGR)

Winner

PNW

+8.76%

TME

-5.97%

PNW vs TME - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	PNW	TME
2026	+24.95%	-51.79%
2025	+9.47%	+56.81%
2024	+21.11%	+31.24%
2023	+0.66%	+4.77%
2022	+14.35%	+20.88%
2021	-6.79%	-64.64%
2020	-6.39%	+53.18%
2019	+12.10%	-9.69%
2018	+5.16%	-5.57%
2017	+13.70%	N/A
2016	+26.11%	N/A
2015	-2.47%	N/A
2014	+36.73%	N/A
2013	+4.94%	N/A
2012	+11.13%	N/A
2011	+21.91%	N/A
2010	+18.70%	N/A
2009	+18.06%	N/A
2008	-18.11%	N/A
2007	-13.63%	N/A
2006	+25.10%	N/A
2005	-1.97%	N/A
2004	+15.32%	N/A
2003	+20.14%	N/A
2002	-15.91%	N/A
2001	-6.62%	N/A
2000	+66.55%	N/A
1999	-16.71%	N/A

PNW vs TME Drawdown Comparison

The maximum drawdown for PNW was -53.35%, occurring on Oct 9, 2002. Recovery took 1026 trading sessions.

The maximum drawdown for TME was -90.19%, occurring on Mar 14, 2022. This drawdown has not yet recovered.

The current TME drawdown is -72.32%.

Rank	PNW	TME
#1	-53.35% Oct 2, 2000 - Nov 3, 2004	-90.19% Mar 23, 2021 - Mar 14, 2022
#2	-49.51% Jan 4, 2007 - Sep 28, 2010	-50.55% Mar 18, 2019 - Dec 30, 2020
#3	-39.28% Feb 21, 2020 - Jul 31, 2024	-14.29% Dec 12, 2018 - Jan 18, 2019
#4	-28.96% Nov 2, 1999 - May 8, 2000	-12.38% Jan 24, 2019 - Feb 12, 2019
#5	-20.89% Jan 22, 2015 - Feb 3, 2016	-12.12% Feb 16, 2021 - Mar 18, 2021
#6	-18.48% Nov 30, 2017 - Nov 12, 2018	-8.79% Feb 2, 2021 - Feb 16, 2021
#7	-15.59% May 12, 2011 - Oct 18, 2011	-8.69% Feb 25, 2019 - Mar 18, 2019
#8	-15.01% May 3, 2013 - Oct 20, 2014	-4.83% Feb 14, 2019 - Feb 19, 2019
#9	-14.10% Aug 2, 2005 - Aug 18, 2006	-3.16% Jan 19, 2021 - Jan 22, 2021
#10	-13.50% Nov 27, 2024 - Mar 3, 2025	-2.24% Jan 25, 2021 - Feb 2, 2021
#11	-12.38% Jun 6, 2019 - Jan 27, 2020	-1.67% Jan 6, 2021 - Jan 8, 2021
#12	-11.25% Jul 5, 2016 - Feb 24, 2017	-1.63% Feb 20, 2019 - Feb 22, 2019
#13	-10.68% Dec 13, 2018 - Feb 21, 2019	-1.44% Jan 12, 2021 - Jan 14, 2021
#14	-10.25% May 11, 2000 - Jul 24, 2000	-0.87% Feb 12, 2019 - Feb 14, 2019
#15	-8.43% Aug 7, 2025 - Jan 16, 2026	-0.33% Jan 8, 2021 - Jan 12, 2021

Correlation

Correlation between PNW and TME is 0.28 which considered as a very weak or no correlation - the stocks move independently of each other.

0.28

-101

Dividend Comparison (2000 - 2026)

PNW vs TME dividend yield comparison.

Year	PNW	TME
2026	1.68%	2.86%
2025	4.05%	1.03%
2024	4.17%	1.21%
2023	4.84%	0.00%
2022	4.49%	0.00%
2021	4.73%	0.00%
2020	3.97%	0.00%
2019	3.33%	0.00%
2018	3.31%	0.00%
2017	3.12%	0.00%
2016	3.24%	0.00%
2015	3.74%	0.00%
2014	3.36%	0.00%
2013	4.16%	0.00%
2012	4.16%	0.00%
2011	4.36%	0.00%
2010	5.07%	0.00%
2009	5.74%	0.00%
2008	6.54%	0.00%
2007	4.95%	0.00%
2006	3.99%	0.00%
2005	4.66%	0.00%
2004	4.11%	0.00%
2003	4.31%	0.00%
2002	4.77%	0.00%
2001	3.64%	0.00%
2000	2.99%	0.00%