QualityDipStocks / Finance · Investment Managers
PJT Partners PJT
Outside our quality screen, so we don’t track its dips. It’s 20% below its 52-week high.
Outside our quality screen. No fair value estimate for now: the model’s result is too extreme to stand behind.
Worth knowing
- Down 22% from its 52-week high while revenue grew 23%
From the data on this page, as of the last close. How we pick these
- Fair value est.
- n/a
- Market Value
- $157.54price −2%
- Off 52-wk high
- −20%
- Risk vs market
- Market-likebeta 0.94
5 bullish · 5 bearish See why
Valuation
What we estimate it's worth, and how it ranks on value vs every stock we cover.
Fair value estimate
Estimate unreliable for PJT: the model gives 366% above the price, more than we can stand behind (usually peak-cycle cash flow, heavy debt, or cash flows that include customer or loan balances). We’d rather show nothing than a made-up number.
What the price implies To be worth today’s price, PJT’s free cash flow would need to shrink about 12% a year for five years; our estimate uses 15%.
Risk vs market
How risk vs market is measured
One year of daily returns (Oct 31 to Nov 2, 252 sessions). Beta = how much PJT 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.
Moves about in line with the market, and its own price swings are 2.6× the S&P 500’s.
- Beta vs S&P 500
- 0.94
- Volatility
- 33% vs 13% SPY
- Correlation SPY
- 0.36
- Correlation QQQ
- 0.21
Valuation details
MV $157.54 · FCF value $402.23
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 5 of 5
ValuationFree-cash-flow yield of 15.1% (price / FCF 6.6×): $662M of free cash in the last 12 months.
ProfitabilityReturn on equity of 83% over the last 12 months, up 25 points in two years.
GrowthSales grew 23% to $1.9B over the last 12 months vs the 12 months before (SEC filings).
GrowthSales compounded 19% a year from FY2022 to FY2025.
Cash returnsFree cash flow grew 39% over the last 12 months vs the 12 months before.
Top bearish points 5 of 5
ValuationP/E of 21.9×, above the 13.6× median for the 291 Finance companies we cover.
ValuationPrice / book of 14.0×, above the 1.7× median for the 296 Finance companies we cover.
Cash returnsDividend yield of 0.6%, below the 2.4% median for the 243 Finance companies we cover.
QualityDoesn’t pass our quality screen: debt load unclear or high.
RiskReports earnings Nov 3 (consensus EPS $1.44): results can move the price sharply and reset Market Value.
All fundamentals
P/E 21.9 · FCF yield 15.1% · ROE 83%
Valuation
- P/E
- 21.9×Finance median 13.6×
- Price / FCF
- 6.6×
- FCF yield
- 15.1%
- EV / EBITDA
- n/aD&A or debt not tagged in SEC data
- Price / sales
- 2.32×
- Price / book
- 14.03×
- Market cap
- $4.4Bprice × diluted shares
- Enterprise value
- n/anot reported in its SEC filings
Growth
- Revenue, 12 months
- $1.9B
- Sales growth, 12 months
- +22.9%vs the 12 months before
- Sales growth, 3 yrs
- +18.7%/yrfrom FY2022
- Diluted EPS, 12 months
- n/anot reported in its SEC filings
- EPS growth, last FY
- n/afewer than two years of diluted EPS
- Net income, 12 months
- $200M
- Net income growth
- +24%12 months vs before
Profitability
- Gross margin
- n/agross profit isn't reported (common for service and financial companies)
- Operating margin
- n/anot reported in its SEC filings
- Net margin
- 10.6%
- FCF margin
- 35.1%
- Return on equity
- 83%
- Return on invested capital
- n/aoperating income, debt, equity or cash not tagged
Balance sheet
- Cash & short-term inv.
- $236M
- Total debt
- n/anot reported in its SEC filings
- Net cash
- n/acash or debt not tagged in SEC data
- Debt / equity
- n/adebt or equity not tagged in SEC data
- Interest coverage
- n/ainterest expense not tagged in SEC data
Cash flow & returns
- Free cash flow, 12 months
- $662M
- FCF growth, 12 months
- +39%
- Dividend yield
- 0.57%$25M paid
- Payout ratio
- 13%
- Buybacks, 12 months
- $119M2.7% of market cap
- Share count, 1 year
- n/ano quarterly diluted share count
- Stock-based comp
- $237M
Trailing 12 months to Jun 30, 2026; balance sheet at Jun 30, 2026. From PJT Partners’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
FCF $0.7B · Sales +20%
- Free cash flow, 12 months$0.7B
- Free-cash-flow yield15.1%
- Gross margin95%
- Operating margin21%
- Return on invested capital63%
- Return on equity38%
- Sales growth (latest quarter vs year-ago quarter)+20%
Chart & levels
Where the price is vs its key levels and trends.
Key levels
Every level vs today’s $153.58
- 52-wk lowlowest close, 1 year$129.05−16.0%
- PriceMon Nov 2 close$153.58you are here
- Market Valueavg paid since Jul 28$157.54+2.6%
- 52-wk highhighest close, 1 year$191.42+24.6%
Momentum & 52-week range
RSI 62 · 5 days +7.5%
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.
Next report
Nov 3
- DateTue Nov 3, before the open
- Consensus EPS$1.44
- Year-ago EPS$1.85
- QuarterSep/2026
From Nasdaq’s earnings calendar. A report resets Market Value.
PJT 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 PJT Partners 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 Investment Managers
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.