Last 48 quarters of trend data · Financial Services · Financial - Capital Markets
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 18.29 | 19.04 | 20.80 | 13.27 | 25.67 | 29.20 | 16.96 | 19.43 | 36.20 | 29.21 | 20.42 | 14.57 | 165.14 | 140.52 | 23.26 | 14.47 | 30.10 | 22.49 | 15.48 | 6.82 | 12.92 |
| — | -34.8% | +22.6% | -31.7% | -29.1% | -0.0% | -16.9% | +33.3% | -78.1% | -79.2% | -12.2% | +0.7% | +448.6% | +524.8% | +50.3% | +112.0% | +133.0% | +186.1% | +69.4% | -28.1% | -44.8% | |
| P/S Ratio | 2.72 | 2.60 | 2.87 | 2.27 | 3.35 | 3.14 | 3.21 | 2.87 | 3.62 | 3.03 | 2.62 | 1.66 | 2.26 | 1.95 | 2.07 | 1.47 | 1.38 | 1.42 | 1.66 | 1.22 | 1.37 |
| — | -17.2% | -10.4% | -20.9% | -7.5% | +3.6% | +22.6% | +73.4% | +60.5% | +55.9% | +26.2% | +13.0% | +64.0% | +37.1% | +24.7% | +19.7% | +0.4% | +28.1% | +51.9% | +20.4% | +44.7% | |
| P/B Ratio | 3.25 | 3.29 | 3.50 | 3.82 | 4.22 | 3.52 | 3.23 | 3.79 | 3.70 | 3.03 | 2.62 | 2.34 | 2.06 | 1.76 | 1.92 | 1.76 | 1.47 | 1.63 | 1.96 | 2.53 | 2.12 |
| — | -6.6% | +8.4% | +1.0% | +14.1% | +16.3% | +23.1% | +62.0% | +79.9% | +72.5% | +36.5% | +33.0% | +40.0% | +7.8% | -2.1% | -30.4% | -30.6% | -20.3% | +7.8% | +46.1% | +67.7% | |
| P/FCF | 7.40 | 25.03 | — | 1.79 | 59.59 | 68.71 | — | 8.62 | 16.24 | 3.86 | — | 1.80 | 26.49 | 22.60 | — | 3.56 | 8.05 | 19.70 | — | 1.60 | 2.85 |
| — | -63.6% | — | -79.2% | +267.0% | +1681.7% | — | +378.2% | -38.7% | -82.9% | — | -49.4% | +228.9% | +14.7% | — | +122.0% | +182.9% | +865.9% | — | -4.0% | +62.8% | |
| EV / EBITDA | 10.82 | 11.62 | 13.67 | 6.77 | 13.52 | 22.30 | 31.06 | 13.94 | 19.54 | 27.99 | 15.00 | 7.41 | 112.76 | 24.83 | 18.26 | 9.93 | 16.02 | 10.86 | 13.37 | 3.26 | 5.94 |
| — | -47.9% | -56.0% | -51.4% | -30.8% | -20.3% | +107.0% | +88.0% | -82.7% | +12.8% | -17.8% | -25.3% | +603.7% | +128.7% | +36.5% | +204.8% | +170.0% | +162.5% | +159.0% | -20.4% | -14.7% | |
| EV / EBIT | 11.58 | 12.42 | 14.72 | 7.06 | 14.38 | 25.14 | 37.70 | 15.15 | 21.90 | 34.53 | 16.90 | 8.21 | — | 41.15 | 24.86 | 12.14 | 22.67 | 12.93 | 15.83 | 3.47 | 6.79 |
| — | -50.6% | -61.0% | -53.4% | -34.3% | -27.2% | +123.1% | +84.6% | — | -16.1% | -32.0% | -32.4% | — | +218.2% | +57.1% | +250.2% | +234.0% | +185.9% | +172.9% | -29.5% | -38.3% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 93.8% | 95.7% | 96.2% | 95.4% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| — | -4.3% | -3.8% | -4.6% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |
| Operating Margin | 20.3% | 20.4% | 18.7% | 28.5% | 23.3% | 12.5% | 8.5% | 17.6% | 16.0% | 8.4% | 15.8% | 18.7% | -1.2% | 5.1% | 9.0% | 11.4% | 5.9% | 11.0% | 10.4% | 26.7% | 17.6% |
| — | +63.6% | +120.1% | +61.9% | +45.8% | +47.8% | -46.3% | -6.0% | +1386.2% | +66.6% | +75.7% | +65.0% | -120.9% | -53.9% | -13.9% | -57.5% | -66.2% | -52.2% | -48.1% | +48.9% | +104.2% | |
| Net Margin | 14.8% | 13.7% | 13.8% | 17.1% | 13.1% | 10.8% | 18.7% | 14.8% | 10.0% | 10.4% | 12.8% | 11.3% | 1.4% | 1.4% | 8.9% | 10.1% | 4.6% | 6.3% | 10.7% | 17.9% | 10.6% |
| — | +27.3% | -26.6% | +15.6% | +30.8% | +3.5% | +46.2% | +30.4% | +615.8% | +646.0% | +43.4% | +12.0% | -69.4% | -78.0% | -16.9% | -43.5% | -57.0% | -55.1% | -10.5% | +67.5% | +161.7% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 18.8% | 4.3% | 4.2% | 7.5% | 4.2% | 3.0% | 4.6% | 5.0% | 2.6% | 2.6% | 3.2% | 4.1% | 0.3% | 0.3% | 2.1% | 3.1% | 1.2% | 1.8% | 3.1% | 9.7% | 4.2% |
| — | +42.9% | -10.6% | +50.5% | +63.6% | +16.4% | +43.5% | +20.3% | +722.2% | +724.0% | +57.5% | +32.7% | -74.5% | -82.7% | -33.2% | -67.9% | -70.6% | -72.9% | -40.4% | +105.2% | +200.6% | |
| ROA | 11.6% | 3.0% | 2.8% | 4.7% | 2.9% | 2.2% | 3.2% | 3.2% | 1.8% | 1.9% | 2.1% | 2.5% | 0.2% | 0.2% | 1.3% | 1.8% | 0.7% | 1.1% | 1.6% | 4.8% | 2.1% |
| — | +36.4% | -13.3% | +47.0% | +63.8% | +20.1% | +48.5% | +27.1% | +786.5% | +779.9% | +66.7% | +40.4% | -72.7% | -81.1% | -22.0% | -62.2% | -65.7% | -69.0% | -37.4% | +116.0% | +222.7% | |
| ROIC | 18.0% | 4.4% | 3.9% | 8.7% | 5.2% | 2.4% | 1.5% | 4.0% | 2.7% | 1.4% | 2.7% | 4.4% | -0.2% | 0.7% | 1.3% | 2.2% | 1.0% | 2.0% | 1.9% | 9.0% | 4.2% |
| — | +82.4% | +169.0% | +115.5% | +90.2% | +70.9% | -45.4% | -9.1% | +1647.2% | +95.5% | +105.3% | +102.2% | -117.8% | -63.2% | -30.7% | -75.6% | -76.2% | -69.9% | -62.3% | +108.0% | +176.3% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.07 | 0.11 | 0.07 | 0.07 | 0.08 | 0.08 | 0.08 | 0.07 | 0.13 | 0.12 | 0.11 | 0.13 | 0.18 | 0.18 | 0.19 | 0.19 | 0.20 | 0.21 | 0.20 | 0.17 | 0.24 |
| — | +34.4% | -14.2% | +5.3% | -40.5% | -32.0% | -20.2% | -44.7% | -27.1% | -31.9% | -43.7% | -32.5% | -8.5% | -12.7% | -7.4% | +7.0% | -17.3% | -16.7% | -25.5% | -45.0% | -44.9% | |
| Debt / EBITDA | 0.28 | 1.62 | 1.18 | 0.59 | 1.00 | 2.11 | 3.24 | 1.11 | 2.88 | 4.70 | 2.36 | 1.73 | 37.12 | 9.48 | 6.59 | 4.50 | 8.81 | 5.47 | 5.53 | 1.19 | 3.07 |
| — | -23.2% | -63.7% | -46.9% | -65.1% | -55.2% | +37.2% | -35.9% | -92.2% | -50.4% | -64.2% | -61.6% | +321.4% | +73.3% | +19.1% | +276.8% | +186.7% | +157.3% | +91.8% | -65.6% | -67.8% | |
| Current Ratio | 22.75 | 2.09 | 13.40 | 22.75 | 6.99 | 20.16 | 5.33 | 23.03 | 8.40 | 8.24 | 3.18 | 2.83 | 40.07 | 285.49 | 2.32 | 12.19 | 21.47 | 48.84 | 199.98 | 9.41 | 101.20 |
| — | -89.6% | +151.5% | -1.2% | -16.7% | +144.8% | +67.6% | +713.5% | -79.0% | -97.1% | +36.9% | -76.8% | +86.6% | +484.6% | -98.8% | +29.5% | -78.8% | -24.4% | +630.4% | -77.7% | +1392.2% | |
| Quick Ratio | 22.75 | 2.09 | 13.40 | 22.75 | 6.99 | 20.16 | 5.33 | 23.03 | 8.40 | 8.24 | 3.18 | 2.83 | 40.07 | 285.49 | 2.32 | 12.19 | 21.47 | 48.84 | 199.98 | 9.41 | 101.20 |
| — | -89.6% | +151.5% | -1.2% | -16.7% | +144.8% | +67.6% | +713.5% | -79.0% | -97.1% | +36.9% | -76.8% | +86.6% | +484.6% | -98.8% | +29.5% | -78.8% | -24.4% | +630.4% | -77.7% | +1392.2% | |
| Interest Coverage | 79.64 | 136.91 | 120.47 | 201.39 | 131.33 | 27.20 | 22.96 | 64.31 | 41.01 | 16.96 | 37.90 | 36.44 | -1.36 | 5.52 | 9.78 | 18.76 | 7.14 | 15.78 | 16.19 | 65.20 | 28.38 |
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Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying PIPR stock.
Piper Sandler Companies's current P/E is 18.3x. The average P/E over the last 4 quarters is 19.7x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Piper Sandler Companies's current operating margin is 20.3%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Piper Sandler Companies's business trajectory between earnings reports.