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PAXPatria Investments Ltd
$10.50$1.7B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
PAX logo

Patria Investments Ltd

PAX
NASDAQ · Asset Management
$10.50
At close - Sep 22, 4:00 PM EDT - USD
Market Cap$1.68B
P/E19.4x
52W High$17.80
Volume1.01M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Fee Volatility and Rising Costs Cloud Growth

Patria's growth is driven by acquisitions and performance fees, but recent quarters show a sharp decline in net income to $10.5M in 2026Q2 from $34.5M in 2025Q4, with an efficiency ratio spike to 73.2%. The negative NIM of -0.7% and reliance on volatile fee in...

GrowthMixed
ProfitabilityStable
ValuationAttractive
TechnicalsWeak
Explore valuation models
MARKET ACTION

PAX price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

5/12 Beats

EPS beat 5 of last 12 quarters

02

Valuation risk

In Line

P/E is in line with peer median

03

Market leadership

RS 24 · Lag

Laggard (Underperforming 76% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystConfirmed earnings · Nov 10

Market performance

Price History →

Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
PAX-31.06%
S&P 500 (^GSPC)+13.20%
1-Year Return
PAX-26.47%
S&P 500 (^GSPC)+15.98%
3-Year Return
PAX-14.54%
S&P 500 (^GSPC)+82.44%
5-Year Return
PAX-14.37%
S&P 500 (^GSPC)+76.54%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
19.0x
Forward P/EExpansion
7.5x
EV/EBITDA60th %ile
13.6x
FCF YieldCash Flow
15.7%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
19.0x
22.1x
20th· Low
EV/EBITDA
13.6x
13.5x
60th· Fair
Price/FCF
6.4x
16.3x
0th· Low
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$7.49-28.7%
Base (Fair)$8.70-13.0%
Bull$9.94-5.3%
$7.49 Bear$8.70 Base$9.94 Bull
Current Market Price: $10.50
Trades at a 20.7% premium to Base DCF ($8.70)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$384M+5.8% YoY
Net income
$86M+19.1% YoY
Free cash flow
$258M+87.6% YoY
Operating margin
34.2%-10.1 pts YoY
ROIC (TTM)12.5%
Avg ROIC 5Y-
ROE (TTM)15.2%
Piotroski Score6 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate5/12 (42%)
Revenue Beat Rate4/12 (33%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Jul 31, 2026
$0.32+12.6%
vs $0.28
$83M-15.9%
vs $98M
Q2 2026
May 7, 2026
$0.27-3.6%
vs $0.28
$97M+4.9%
vs $93M
Q1 2026
Feb 3, 2026
$0.50+6.4%
vs $0.47
$131M+12.1%
vs $117M
Q4 2025
Nov 4, 2025
$0.30+15.4%
vs $0.26
$87M-26.3%
vs $117M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
247 Wallst·Sep 9, 2026
Here Are Tuesday’s Top Wall Street Analyst Research Calls: Abercrombie & Fitch, Affirm Holdings, Eagle Materials, Klarna Group, Martin Marietta Materials, Oklo, Qualcomm, Robinhood Markets, Ulta Beauty, and More

Stocks took a beating Tuesday as surging oil prices and looming inflation data rattled every corner of the market, and now Wall Street analysts are reshuffling their calls on names ranging from nuclear energy upstart Oklo to retail giants Abercrombie and Ulta Beauty.

Zacks Investment Research·Sep 8, 2026
Patria Investments (PAX) Upgraded to Buy: Here's What You Should Know

Patria Investments (PAX) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Zacks Investment Research·Sep 8, 2026
PAX vs. KKR: Which Stock Is the Better Value Option?

Investors interested in Financial - Investment Management stocks are likely familiar with Patria Investments (PAX) and KKR & Co. Inc. (KKR). But which of these two stocks presents investors with the better value opportunity right now?

Zacks Investment Research·Sep 8, 2026
Are Investors Undervaluing Patria Investments Limited (PAX) Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Filtered for Patria Investments LtdMore Headlines
04

Compare before deciding

Benchmark PAX against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Patria Investments Ltd (PAX)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
PAX logoPAXPatria Investments LtdCurrent
$10.50$1.68B19.445.79%22.3%15.23%5.74%
BX logoBXBlackstone Inc.
$124.01$97.69B31.9621.87%22.69%16.16%—
KKR logoKKRKKR & Co. Inc.
$98.44$88.39B42.07-7.47%18%3.96%—
APO logoAPOApollo Global Management, Inc.
$124.15$71.51B17.1015.78%8.54%7.06%—
CG logoCGThe Carlyle Group Inc.
$40.23$14.48B18.4540.31%10%5.11%—
EQT logoEQTEQT Corporation
$50.84$31.8B15.3673.74%30.68%10.19%—

Compare PAX vs Peers

Patria Investments Ltd (PAX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs BX

Most directly comparable listed peer for PAX.

Scale Benchmark

vs MS

Larger-name benchmark to compare PAX against a more recognizable public peer.

Peer Set

Compare Top 5

vs BX, KKR, APO, CG

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PAX Frequently Asked Questions

Patria Investments Ltd (PAX) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
How fast is Patria Investments Ltd growing?

Patria Investments Ltd (PAX) grew revenue by 5.8% over the past year. This is steady growth.

Is PAX profitable?

Yes, Patria Investments Ltd (PAX) is profitable, generating $69.8M in net income for fiscal year 2025 (22.3% net margin).

Dividend & Returns
Does PAX pay dividends?

Yes, Patria Investments Ltd (PAX) pays a dividend with a yield of 5.74%. This makes it attractive for income-focused investors.

What is PAX's return on equity?

Patria Investments Ltd (PAX) has a return on equity (ROE) of 15.2%. This is reasonable for most industries.

Industry Metrics
What is Patria Investments Ltd's net interest margin?

Patria Investments Ltd (PAX) has a net interest margin (NIM) of -2.6%. NIM has been under pressure due to interest rate environment.

What is Patria Investments Ltd's efficiency ratio?

Patria Investments Ltd (PAX) has an efficiency ratio of 62.0%. This is reasonable for a bank.

What if you invested $1,000 in PAX back in 2018?

Total return calculator · dividends reinvested · 8+ years of data

See returns →