Currently, PG&E (PCG) stock is trading at a notable discount compared to its historical average and its peers. The stock is trading at a forward PE multiple of 7x based on analysts’ estimated earnings for the next year. PG&E’s five-year historical average PE multiple is ~20x. Peers’ average PE multiple is close to 15x. Investors could shun PG&E due to uncertainty associated with the company despite the discounted valuation.