(PS) Pershing Square - NYSE
Sector: Financial Services | Industry: Asset Management | Exchange: NYSE (USA) | Market Cap: 13.856m USD | Total Return: 19% in 12m
Avg Turnover: 10.6M
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Pershing Square Inc. is a New York-based alternative asset manager that operates as a subsidiary of Pershing Square Partner Group, LLC. Recently reorganized from a limited partnership into a corporation in 2024, the firm focuses on high-conviction investments in large-cap equities.
The alternative asset management sector typically generates revenue through management fees based on assets under residence and performance fees tied to investment returns. Unlike traditional mutual funds, these firms often employ activist strategies to influence corporate governance and unlock shareholder value. Investors may find it useful to examine ValueRay for further data on these valuation drivers.
Pershing Square is classified within the financial services sector and maintains a large-cap market valuation. The firm’s business model relies on concentrated portfolio positions rather than broad market diversification.
- Performance of underlying PSH portfolio holdings drives management and incentive fees
- Assets under management growth scales through new fund launches and retail vehicles
- Management fee revenue sensitive to private equity and hedge fund market cycles
- Strategic capital allocation toward large-cap value investments influences net asset value growth
| Net Income: -210.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.14 > 0.02 and ΔFCF/TA -35.81 > 1.0 |
| NWC/Revenue: 40.58% < 20% (prev 243.9%; Δ -203.3% < -1%) |
| CFO/TA -0.14 > 3% & CFO -134.2m > Net Income -210.1m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 10.09 > 1.5 & < 3 |
| Outstanding Shares: last fiscal year (400.0m) vs prev 0.0% < -2% |
| Gross Margin: 94.56% > 18% (prev 97.11%; Δ -2.55% > 0.5%) |
| Asset Turnover: 64.96% > 50% (prev 34.54%; Δ 30.42% > 0%) |
| Interest Coverage Ratio: -23.69 > 6 (EBIT TTM -354.3m / Interest Expense TTM 15.0m) |
| A: 0.31 (Total Current Assets 337.8m - Total Current Liabilities 33.5m) / Total Assets 990.5m |
| B: -0.16 (Retained Earnings -161.1m / Total Assets 990.5m) |
| C: -0.31 (EBIT TTM -354.3m / Avg Total Assets 1.15b) |
| D: 16.09 (Book Value of Equity 1.71b / Total Liabilities 106.0m) |
| Altman-Z'' = 16.32 = AAA |
As of June 20, 2026, the stock is trading at USD 33.33 with a total of 223,700 shares traded.
Over the past week, the price has changed by -0.71%,
over one month by -13.81%,
over three months by +19.04% and
over the past year by +19.04%.
Pershing Square has no consensus analysts rating.
P/E Forward = 58.1395
P/S = 18.0485
P/B = 16.7655
Revenue TTM = 750.0m USD
EBIT TTM = -354.3m USD
EBITDA TTM = -352.0m USD
Long Term Debt = 34.8m USD (from longTermDebt, last quarter)
Short Term Debt = unknown (none)
Debt = 21.6m USD (Leases only: 21.6m)
Net Debt = -25.2m USD (calculated: Debt 21.6m - CCE 46.8m)
Enterprise Value = 13.8b USD (13.9b + Debt 21.6m - CCE 46.8m)
Interest Coverage Ratio = -23.69 (Ebit TTM -354.3m / Interest Expense TTM 15.0m)
EV/FCF = -102.7x (Enterprise Value 13.8b / FCF TTM -134.7m)
FCF Yield = -0.97% (FCF TTM -134.7m / Enterprise Value 13.8b)
FCF Margin = -17.96% (FCF TTM -134.7m / Revenue TTM 750.0m)
Net Margin = -28.01% (Net Income TTM -210.1m / Revenue TTM 750.0m)
Gross Margin = 94.56% ((Revenue TTM 750.0m - Cost of Revenue TTM 40.8m) / Revenue TTM)
Gross Margin QoQ = none% (prev none%)
Tobins Q-Ratio = 13.96 (Enterprise Value 13.8b / Total Assets 990.5m)
Interest Expense / Debt = 69.23% (Interest Expense 15.0m / Debt 21.6m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = -279.9m (EBIT -354.3m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 10.09 (Total Current Assets 337.8m / Total Current Liabilities 33.5m)
Debt / Equity = 0.01 (Debt 21.6m / totalStockholderEquity, last fiscal year 1.71b)
Debt / EBITDA = 0.07 (negative EBITDA) (Net Debt -25.2m / EBITDA -352.0m)
Debt / FCF = 0.19 (negative FCF - burning cash) (Net Debt -25.2m / FCF TTM -134.7m)
Total Stockholder Equity = 1.71b (last fiscal year from totalStockholderEquity)
RoA = -18.20% (Net Income -210.1m / Total Assets 990.5m)
RoE = -12.32% (Net Income TTM -210.1m / Total Stockholder Equity 1.71b)
RoCE = -20.36% (EBIT -354.3m / Capital Employed (Equity 1.71b + L.T.Debt 34.8m))
RoIC = -30.44% (negative operating profit) (NOPAT -279.9m / Invested Capital 919.5m)
WACC = 0.0% (E(13.9b)/V(13.9b) * Re(0.0%) + (debt cost/tax rate unavailable))
Discount Rate = 5.29% (= Risk Free + ERP)
[DCF] Fair Price = unknown (Cash Flow -134.7m)
Revenue Correlation: N/A | Revenue CAGR: N/A | SUE: N/A | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.11 | Chg30d=N/A | Revisions=N/A | Analysts=5
EPS next Quarter (2026-09-30): EPS=0.14 | Chg30d=N/A | Revisions=N/A | Analysts=5
EPS current Year (2026-12-31): EPS=0.59 | Chg30d=N/A | Revisions=N/A | GrowthEPS=+0.0% | GrowthRev=+0.0%
EPS next Year (2027-12-31): EPS=0.99 | Chg30d=N/A | Revisions=N/A | GrowthEPS=+67.9% | GrowthRev=+61.1%