PJT Stock Analysis: PJT | NYSE
Capital Markets | NYSE, USA | Market Cap: 5.949m USD | 12M Return: -21.6% | US69343T1079 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 66.3M
EPS Trend: 98.9%
Qual. Beats: 1
Rev. Trend: 99.2%
Qual. Beats: 1
Warnings
Tailwinds
Seasonality 11 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
PJT Partners Inc. is a New York-headquartered investment bank that provides advisory services to corporations, financial sponsors, institutional investors, and governments globally. Its core service lines include strategic advisory (covering M&A, spin-offs, activism defense, joint ventures, and divestitures), shareholder advisory, capital markets advisory, and restructuring and special situations work. The firm also operates a geopolitical and policy advisory practice and offers private fund advisory and fundraising services to general and limited partners.
The company was incorporated in 2014 and was spun out of Blackstone Group, originally operating as Blackstone Advisory Inc. before adopting its current name in March 2015. It trades on the NYSE under the ticker PJT and is classified within the Financials sector under the Investment Banking & Brokerage sub-industry. Unlike diversified bulge-bracket banks, PJT Partners operates as a pure-play advisory firm, generating revenue primarily from advisory fees rather than trading, lending, or asset management activities.
- M&A advisory revenue rebounds on rising global deal activity
- Restructuring mandates surge amid rising corporate credit distress
- High compensation ratio continues to pressure operating margins
| Net Income: 199.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.38 > 0.02 and ΔFCF/TA 6.28 > 1.0 |
| NWC/Revenue: 28.46% < 20% (prev 31.41%; Δ -2.95% < -1%) |
| CFO/TA 0.41 > 3% & CFO 713.0m > Net Income 199.5m |
| Net Debt (183.8m) to EBITDA (429.3m): 0.43 < 3 |
| Current Ratio: 6.78 > 1.5 & < 3 |
| Outstanding Shares: last quarter (28.6m) vs 12m ago -34.10% < -2% |
| Gross Margin: 64.58% > 18% (prev 31.55%; Δ 33.04% > 0.5%) |
| Asset Turnover: 115.5% > 50% (prev 101.6%; Δ 13.93% > 0%) |
| Interest Coverage Ratio: 46.32 > 6 (EBIT TTM 405.1m / Interest Expense TTM 8.74m) |
| A: 0.31 (Total Current Assets 630.0m - Total Current Liabilities 93.0m) / Total Assets 1.76b |
| B: 0.27 (Retained Earnings 477.6m / Total Assets 1.76b) |
| C: 0.25 (EBIT TTM 405.1m / Avg Total Assets 1.63b) |
| D: 0.40 (Book Value of Equity 312.1m / Total Liabilities 772.6m) |
| Altman-Z'' = 4.98 = AAA |
| DSRI: 0.89 (Receivables 394.5m/359.0m, Revenue 1.89b/1.54b) |
| GMI: 0.49 (GM 31.55% / 64.58%) |
| AQI: 1.10 (AQ_t 0.40 / AQ_t-1 0.37) |
| SGI: 1.23 (Revenue 1.89b / 1.54b) |
| TATA: -0.29 (NI 199.5m - CFO 713.0m) / TA 1.76b) |
| Beneish M = -3.39 (Cap -4..+1) = AA |
As of October 08, 2026, the stock is trading at USD 137.61 with a total of 758,846 shares traded. Over the past week, the price has changed by -3.57%, over one month by -24.44%, over three months by -18.25% and over the past year by -21.57%.
Current recommended Stop Loss: 131.20 (which is 4.7% or 1.3 ATR below the current price).
PJT has received a consensus analysts rating of 3.43. Therefore, it is recommended to hold PJT.
- StrongBuy: 2
- Buy: 1
- Hold: 3
- Sell: 0
- StrongSell: 1
| Analysts Target Price | 170.2 | 23.7% |
P/E Trailing = 19.0779
P/E Forward = 16.5017
P/S = 3.1547
P/B = 12.2336
P/EG = 1.36
Revenue TTM = 1.89b USD
EBIT TTM = 405.1m USD
EBITDA TTM = 429.3m USD
Long Term Debt = 404.9m USD (estimated: total debt 419.4m - short term 14.5m)
Short Term Debt = 14.5m USD (from shortTermDebt, last quarter)
Debt = 419.4m USD (from shortLongTermDebtTotal, last quarter) (leases 419.4m already included)
Net Debt = 183.8m USD (calculated: Debt 419.4m - CCE 235.5m)
Enterprise Value = 6.13b USD (5.95b + Debt 419.4m - CCE 235.5m)
Interest Coverage Ratio = 46.32 (Ebit TTM 405.1m / Interest Expense TTM 8.74m)
EV/FCF = 9.27x (Enterprise Value 6.13b / FCF TTM 661.8m)
FCF Yield = 10.79% (FCF TTM 661.8m / Enterprise Value 6.13b)
FCF Margin = 35.08% (FCF TTM 661.8m / Revenue TTM 1.89b)
Net Margin = 10.58% (Net Income TTM 199.5m / Revenue TTM 1.89b)
Gross Margin = 64.58% ((Revenue TTM 1.89b - Cost of Revenue TTM 668.3m) / Revenue TTM)
Gross Margin QoQ = none% (prev none%)
Tobins Q-Ratio = 3.49 (Enterprise Value 6.13b / Total Assets 1.76b)
Interest Expense / Debt = 2.09% (Interest Expense 8.74m / Debt 419.4m)
Taxrate = 13.04% (51.7m / 396.3m)
NOPAT = 352.3m (EBIT 405.1m * (1 - 13.04%))
Current Ratio = 6.78 (Total Current Assets 630.0m / Total Current Liabilities 93.0m)
Debt / Equity = 1.34 (Debt 419.4m / totalStockholderEquity, last quarter 312.1m)
Debt / EBITDA = 0.43 (Net Debt 183.8m / EBITDA 429.3m)
Debt / FCF = 0.28 (Net Debt 183.8m / FCF TTM 661.8m)
Total Stockholder Equity = 280.4m (last 4 quarters mean from totalStockholderEquity)
RoA = 12.21% (Net Income 199.5m / Total Assets 1.76b)
RoE = 71.16% (Net Income TTM 199.5m / Total Stockholder Equity 280.4m)
RoCE = 59.11% (EBIT 405.1m / Capital Employed (Equity 280.4m + L.T.Debt 404.9m))
RoIC = 22.25% (NOPAT 352.3m / Invested Capital 1.58b)
WACC = 9.91% (E(5.95b)/V(6.37b) * Re(10.48%) + D(419.4m)/V(6.37b) * Rd(2.09%) * (1-Tc(0.13)))
Discount Rate = 10.48% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -50.59 | Cagr: 0.72%
[DCF] Terminal Value 73.09% ; FCFF base≈587.0m ; Y1≈672.9m ; Y5≈990.4m
[DCF] Fair Price = 449.9 (EV 11.7b - Net Debt 183.8m = Equity 11.5b / Shares 25.6m; r=9.91% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 98.93 | EPS CAGR: 40.87% | SUE: 1.14 | # QB: 1
Revenue Correlation: 99.23 | Revenue CAGR: 20.91% | SUE: 1.47 | # QB: 1
EPS current Quarter (2026-09-30): EPS=1.67 | Chg30d=-10.85% | Revisions=+38% | Analysts=7
EPS current Year (2026-12-31): EPS=7.76 | Chg30d=-2.91% | Revisions=+70% | GrowthEPS=+11.2% | GrowthRev=+11.4%
EPS next Year (2027-12-31): EPS=8.86 | Chg30d=-2.35% | Revisions=+67% | GrowthEPS=+14.1% | GrowthRev=+11.7%
[Analyst] Revisions Ratio: +76% (up=17, down=1)