QualityDipStocks / Finance · Brokers & investment banks
Piper Sandler Companies PIPR
Outside our quality screen, so we don’t track its dips. It’s 29% below its 52-week high.
Outside our quality screen, trading well above our fair value estimate.
Worth knowing
- Down 29% from its 52-week high while revenue grew 32%
From the data on this page, as of the last close. How we pick these
- Fair value est.
- $50.39−25%
- Market Value
- forming
- Off 52-wk high
- −29%
- Risk vs market
- Above marketbeta 1.36
4 bullish · 5 bearish See why
Priced in
How much growth the market assumed at the 52-week high, the low and today (a reverse DCF).
52-wk low: P/E 14.7×; now: P/E 15.5×.
| Low | Now | |
|---|---|---|
| Price | $63.45Oct 19 | $67.42 |
| P/E | 14.7× | 15.5× |
What this means: a lower P/E than at the high means you pay less for each dollar of profit than buyers did then.
How it’s computed
Banks, insurers and lenders: cash flow includes deposits and loans, so a cash-flow model doesn't fit; we show P/E at each point instead. P/E = that day's close × diluted shares / 12-month net income, using only the filings that were public on that day.
Valuation
What we estimate it's worth, and how it ranks on value vs every stock we cover.
Fair value estimate
How the range is computed
Financials model (residual income). Same residual-income model as the base: cost of equity 9.5% ±1 point and return on equity 20.3% ±2 points. Bear = 10.5% and 18.3%; bull = 8.5% and 22.3%. A model estimate from public filings, not a forecast of where the price will go.
Price sits inside the range.
What the price implies To be worth today’s price, PIPR would need a return on equity of about 25% a year; our estimate uses 20%.
Risk vs market
How risk vs market is measured
One year of daily returns (Oct 31 to Nov 2, 252 sessions). Beta = how much PIPR moved for each 1% move in the S&P 500 (SPY); 1.0 moves with the market. Volatility is the yearly standard deviation of daily returns. Past behavior, not a forecast.
Swings more than the market, and its own price swings are 2.8× the S&P 500’s.
- Beta vs S&P 500
- 1.36
- Volatility
- 36% vs 13% SPY
- Correlation SPY
- 0.48
- Correlation QQQ
- 0.34
How it ranks
Where PIPR stands vs every one of the 1,996 stocks we cover that has the number. Longer bar = better.
Top quarter on 2 of 3 measures
- Discount to fair value estimate25% · price above our base caseLowest 32%of 1,314
- Dividends + buybacks yield5.6% · cash paid out or used to retire shares, vs market capTop 22%of 1,836
- Revenue growth, last 12 months+32% · vs the 12 months beforeTop 14%of 1,814
From SEC filings and our fair value estimate model. A ranking, not advice.
Valuation details
DCF $50.39
Financials model (residual income): book value $19.40 a share on Jun 30, 2026, plus the earnings above a 9.5% cost of equity. ROE 20.3%, the average of 23.7% for the trailing 12 months to Jun 30, 2026 and 17.0% over fiscal 2021–2025, on average common equity; payout 46% of earnings (dividends 46%), so book grows by the retained rest; the return above 9.5% fades halfway toward 9.5% over 10 years, then grows at 3% (terminal value). From the 10-Q filed Aug 5, 2026.
Fundamentals
The business itself: sales, profits, cash and debt, from SEC filings.
Bull vs bear
Rule-based from the data on this page, strongest first. Not advice.
Top bullish points 4 of 5
GrowthSales grew 32% to $2.1B over the last 12 months vs the 12 months before (SEC filings).
ProfitabilityReturn on equity of 24% over the last 12 months, up 13 points in two years.
Cash returnsDividend yield of 3.0% ($141M paid over 12 months, 46% of earnings).
GrowthDiluted EPS grew 54% in the last fiscal year, above the 16% median for the 262 Finance companies we cover.
Top bearish points 5 of 5
ValuationOur residual-income fair value estimate is $50.39, 25% below the price.
ValuationPrice / book of 3.5×, above the 1.7× median for the 296 Finance companies we cover.
Cash returnsShare count up 0.5% over 12 months, above the −1.7% median for the 249 Finance companies we cover.
ProfitabilityNet margin of 15%, below the 22% median for the 281 Finance companies we cover.
QualityDoesn’t pass our quality screen: no cash-flow data; sales down vs the year-ago quarter.
All fundamentals
P/E 15.5 · ROE 24% · Sales +32%
Valuation
- P/E
- 15.5×Finance median 13.6×
- Price / FCF
- n/acash flow isn't a clean measure for a lender
- FCF yield
- n/acash flow isn't a clean measure for a lender
- EV / EBITDA
- n/anot meaningful for a lender
- Price / sales
- 2.25×
- Price / book
- 3.47×
- Market cap
- $4.8Bprice × diluted shares
- Enterprise value
- n/anot reported in its SEC filings
Growth
- Revenue, 12 months
- $2.1B
- Sales growth, 12 months
- +32.1%vs the 12 months before
- Sales growth, 3 yrs
- +9.9%/yrfrom FY2022
- Diluted EPS, 12 months
- $16.18
- EPS growth, last FY
- +54.5%
- Net income, 12 months
- $307M
- Net income growth
- +46%12 months vs before
Profitability
- Gross margin
- n/anot meaningful for a lender
- Operating margin
- n/anot reported in its SEC filings
- Net margin
- 14.5%
- FCF margin
- n/anot reported in its SEC filings
- Return on equity
- 24%
- Return on invested capital
- n/anot meaningful for a lender
Balance sheet
- Cash & short-term inv.
- $304M
- Total debt
- n/anot reported in its SEC filings
- Net cash
- n/anot meaningful for a lender
- Debt / equity
- n/adeposits/float make debt/equity not comparable for a lender
- Interest coverage
- n/anot meaningful for a lender
Cash flow & returns
- Free cash flow, 12 months
- n/anot reported in its SEC filings
- FCF growth, 12 months
- n/anot reported in its SEC filings
- Dividend yield
- 2.97%$141M paid
- Payout ratio
- 46%
- Buybacks, 12 months
- $124M2.6% of market cap
- Share count, 1 year
- +0.5%diluted shares vs a year ago
- Stock-based comp
- $128M
Trailing 12 months to Jun 30, 2026; balance sheet at Jun 30, 2026. From Piper Sandler Companies’s SEC filings. Sparklines show up to six fiscal years. n/a means we don’t hold that number, with the reason. How each is computed.
The business
Sales −8%
- Sales growth (latest quarter vs year-ago quarter)−8%
Chart & levels
Where the price is vs its key levels and trends.
Key levels
Every level vs today’s $67.42
- Fair value est.base case$50.39−25.3%
- 52-wk lowlowest close, 1 year$63.45−5.9%
- PriceMon Nov 2 close$67.42you are here
- 52-wk highhighest close, 1 year$94.51+40.2%
Momentum & 52-week range
RSI 52 · 5 days +3.8%
Signals
Reversal signal setups, the public ledger and the next earnings date.
Setup & signals
No setup armed
No setup armed, so there’s no trigger or stop to track yet. Reversal signal rules only run on companies that pass our quality screen.
PIPR is outside our quality screen
One text when a published rule fires on one of the 332 quality companies we track: the ticker, the price, the stop and a link to the numbers. Nothing else.
Voices & buzz
Who is talking about it, and how it compares with peers.
Who’s talking about it
Notable investors, executives, analysts and public figures on Piper Sandler Companies in the last 48 hours. Headlines as published, each linked. Their words, not ours.
No notable mentions in the last 48 hours. Checked Nov 3, 1:01 PM ET.
Compare with peers
Closest in size in Brokers & investment banks
Information only, not investment advice. Fair value estimates and talking points are rule-based model output from public data and can be wrong; stop levels are reference points, not orders. How every number is computed.