In PWI's eyes, him being AEW's current top star and his lengthy current AEW title reign outweighs Cody's status and TNT title reign. Same for him supplanting Jericho in terms of star status.
Actual in-ring and promo work quality factors less into their rankings than kayfabe.
Plus some other criteria they use that actually benefits AEW more than WWE like a bigger emphasis on wins/loss record.
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Originally Posted by Fightful
The evaluation period for this year's PWI 500 is July 1, 2019 - June 30, 2020. The criteria for ranking includes win-loss record, technical ability, influence on the sport, success against the highest grade of competition, success against the most diverse competition, and activity.
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