(PJT) PJT Partners - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US69343T1079

Strategic Advisory, Capital Markets, Restructuring, Shareholder Advisory

Investment Banking & Brokerage
Market Cap in USD: 7,043m

IPO / Inception: 2015-10-01
12m vs SPY: -4.0%

EPS (Earnings per Share)

EPS CAGR: 5.38%
EPS Trend: 42.8%

Last SUE: 1.62
Qual. Beats: 1

Revenue

Rev. CAGR: 9.95%
Rev. Trend: 74.3%

Last SUE: 1.42
Qual. Beats: 1

Dividends

Dividend Yield	0.63%
Yield on Cost 5y	1.34%
Yield CAGR 5y	-25.23%
Payout Consistency	86.0%
Payout Ratio	15.8%

Risk via 5d forecast
Volatility	29.5%
Value at Risk 5%th	44.1%
Relative Tail Risk	-9.21%

Reward TTM
Sharpe Ratio	0.48
Alpha	-1.77
CAGR/Max DD	1.18

Character TTM
Hurst Exponent	0.359
Beta	1.004
Beta Downside	0.904

Drawdowns 3y
Max DD	29.25%
Mean DD	7.27%
Median DD	5.95%

Description: PJT PJT Partners January 07, 2026

PJT Partners Inc. (NYSE:PJT) is a boutique investment bank that delivers strategic, shareholder, capital-markets, and restructuring advisory services to corporations, sponsors, institutional investors, and governments worldwide. Its core offerings span M&A (including contested deals and spin-offs), activism defense, joint-venture structuring, debt and equity financing, IPOs, private placements, and geopolitical policy guidance. The firm also advises on liability management, distressed transactions, and provides private-fund fundraising and liquidity solutions for general and limited partners.

Key operating metrics (FY 2023) show total fee revenue of approximately $1.2 billion, with advisory fees representing roughly 70 % of the mix and a net profit margin near 17 %. PJT’s earnings are closely tied to macro drivers such as global M&A volume (which rose ~12 % YoY in 2023) and the level of corporate debt issuance, both of which tend to accelerate in a low-interest-rate environment but can contract sharply if rates rise sharply. The firm’s balance sheet remains strong, with a cash-to-debt ratio of 1.4×, providing flexibility to weather periods of reduced deal flow.

For a deeper quantitative view, you might explore PJT’s metrics on ValueRay to complement this high-level overview.

Piotroski VR‑10 (Strict, 0-10) 8.0

Net Income (178.1m TTM) > 0 and > 6% of Revenue (6% = 99.3m TTM)

FCFTA 0.31 (>2.0%) and ΔFCFTA 2.03pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 41.89% (prev 30.41%; Δ 11.48pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.33 (>3.0%) and CFO 566.3m > Net Income 178.1m (YES >=105%, WARN >=100%)

Net Debt (12.8m) to EBITDA (409.6m) ratio: 0.03 <= 3.0 (WARN <= 3.5)

Current Ratio 9.87 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (43.4m) change vs 12m ago -2.69% (target <= -2.0% for YES)

Gross Margin 31.92% (prev 30.21%; Δ 1.71pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 101.0% (prev 86.21%; Δ 14.80pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 6.32 (EBITDA TTM 409.6m / Interest Expense TTM 60.7m) >= 6 (WARN >= 3)

Altman Z'' 5.31

(A) 0.40 = (Total Current Assets 771.8m - Total Current Liabilities 78.2m) / Total Assets 1.72b

(B) 0.20 = Retained Earnings (Balance) 336.9m / Total Assets 1.72b

(D) 0.43 = Book Value of Equity 340.1m / Total Liabilities 788.7m

Total Rating: 5.31 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 90.57

1. Piotroski 8.0pt

2. FCF Yield 7.61%

3. FCF Margin 32.44%

4. Debt/Equity 1.81

5. Debt/Ebitda 0.03

6. ROIC - WACC (= 163.5)%

7. RoE 97.32%

8. Rev. Trend 74.32%

9. EPS Trend 42.79%

What is the price of PJT shares?

As of January 15, 2026, the stock is trading at USD 179.13 with a total of 232,067 shares traded.
Over the past week, the price has changed by -0.41%, over one month by +5.35%, over three months by +2.50% and over the past year by +15.18%.

Is PJT a buy, sell or hold?

PJT Partners has received a consensus analysts rating of 2.67. Therefor, it is recommend to hold PJT.

Strong Buy: 0
Buy: 0
Hold: 5
Sell: 0
Strong Sell: 1

What are the forecasts/targets for the PJT price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	179.2	0%
Analysts Target Price	179.2	0%
ValueRay Target Price	226.5	26.5%

PJT Fundamental Data Overview January 15, 2026

P/E Trailing = 27.0994
P/E Forward = 22.1729
P/S = 4.2484
P/B = 18.846
P/EG = 1.36
Revenue TTM = 1.66b USD
EBIT TTM = 383.6m USD
EBITDA TTM = 409.6m USD
Long Term Debt = 413.2m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 28.9m USD (from shortTermDebt, last fiscal year)
Debt = 413.2m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 12.8m USD (from netDebt column, last quarter)
Enterprise Value = 7.06b USD (7.04b + Debt 413.2m - CCE 400.5m)
Interest Coverage Ratio = 6.32 (Ebit TTM 383.6m / Interest Expense TTM 60.7m)
EV/FCF = 13.13x (Enterprise Value 7.06b / FCF TTM 537.2m)
FCF Yield = 7.61% (FCF TTM 537.2m / Enterprise Value 7.06b)
FCF Margin = 32.44% (FCF TTM 537.2m / Revenue TTM 1.66b)
Net Margin = 10.75% (Net Income TTM 178.1m / Revenue TTM 1.66b)
Gross Margin = 31.92% ((Revenue TTM 1.66b - Cost of Revenue TTM 1.13b) / Revenue TTM)
Gross Margin QoQ = 32.16% (prev 31.96%)
Tobins Q-Ratio = 4.10 (Enterprise Value 7.06b / Total Assets 1.72b)
Interest Expense / Debt = 4.11% (Interest Expense 17.0m / Debt 413.2m)
Taxrate = 17.59% (16.0m / 91.0m)
NOPAT = 316.1m (EBIT 383.6m * (1 - 17.59%))
Current Ratio = 9.87 (Total Current Assets 771.8m / Total Current Liabilities 78.2m)
Debt / Equity = 1.81 (Debt 413.2m / totalStockholderEquity, last quarter 228.6m)
Debt / EBITDA = 0.03 (Net Debt 12.8m / EBITDA 409.6m)
Debt / FCF = 0.02 (Net Debt 12.8m / FCF TTM 537.2m)
Total Stockholder Equity = 183.0m (last 4 quarters mean from totalStockholderEquity)
RoA = 10.86% (Net Income 178.1m / Total Assets 1.72b)
RoE = 97.32% (Net Income TTM 178.1m / Total Stockholder Equity 183.0m)
RoCE = 64.34% (EBIT 383.6m / Capital Employed (Equity 183.0m + L.T.Debt 413.2m))
RoIC = 172.8% (NOPAT 316.1m / Invested Capital 183.0m)
WACC = 9.27% (E(7.04b)/V(7.46b) * Re(9.61%) + D(413.2m)/V(7.46b) * Rd(4.11%) * (1-Tc(0.18)))
Discount Rate = 9.61% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 30.87%
[DCF Debug] Terminal Value 76.55% ; FCFF base≈504.6m ; Y1≈595.6m ; Y5≈916.5m
Fair Price DCF = 510.8 (EV 12.43b - Net Debt 12.8m = Equity 12.42b / Shares 24.3m; r=9.27% [WACC]; 5y FCF grow 19.24% → 2.90% )
EPS Correlation: 42.79 | EPS CAGR: 5.38% | SUE: 1.62 | # QB: 1
Revenue Correlation: 74.32 | Revenue CAGR: 9.95% | SUE: 1.42 | # QB: 1
EPS next Quarter (2026-03-31): EPS=1.35 | Chg30d=+0.009 | Revisions Net=+2 | Analysts=6
EPS next Year (2026-12-31): EPS=7.62 | Chg30d=-0.069 | Revisions Net=+1 | Growth EPS=+9.9% | Growth Revenue=+10.9%

Additional Sources for PJT Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
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Fund Manager Positions: Dataroma | Stockcircle