PJT Partners Inc. (PJT) Financial Ratios
13 years of historical data (2013–2025) · Financial Services · Financial - Capital Markets
EV/EBITDA
↑
9.02
↓-28% vs avg
5yr avg: 12.61
30Y Low7.2·High26.2
P/FCF
↓
7.66
↓-40% vs avg
5yr avg: 12.85
30Y Low5.4·High26.7
P/B Ratio
↓
4.31
-7% vs avg
5yr avg: 4.63
30Y Low1.9·High16.1
ROE
↑
18.9%
↓+29% vs avg
5yr avg: 14.6%
30Y Low-26%·High19%
Debt/EBITDA
↑
1.05
+13% vs avg
5yr avg: 0.93
30Y Low0.4·High1.4
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
PJT Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
PJT Partners Inc. trades at 22.8x earnings, roughly in line with its 5-year average of 23.5x, sitting at the 44th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.4x, the stock trades at a premium of 70%. On a free-cash-flow basis, the stock trades at 7.7x P/FCF, 40% below the 5-year average of 12.8x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.7B | $4.8B | $7.0B | $2.7B | $2.0B | $3.1B | $3.2B | $1.1B | $940M | $860M | $565M |
| Enterprise Value | $3.6B | $4.7B | $6.8B | $2.7B | $1.9B | $3.1B | $3.1B | $1.1B | $864M | $714M | $412M |
| P/E Ratio → | 22.78 | 25.03 | 32.08 | 20.83 | 20.99 | 18.57 | 17.10 | 37.30 | 33.41 | — | — |
| P/S Ratio | 2.15 | 2.79 | 4.66 | 2.36 | 1.91 | 3.16 | 3.08 | 1.57 | 1.62 | 1.72 | 1.13 |
| P/B Ratio | 4.31 | 4.74 | 7.72 | 3.17 | 2.58 | 4.92 | 4.72 | 1.96 | 1.93 | 2.04 | — |
| P/FCF | 7.66 | 9.96 | 13.19 | 6.23 | 8.20 | 26.67 | 7.05 | 5.58 | 8.12 | 7.81 | 5.44 |
| P/OCF | 6.99 | 9.09 | 13.11 | 6.18 | 8.08 | 25.28 | 6.91 | 5.34 | 7.65 | 7.73 | 4.83 |
P/E links to full P/E history page with 30-year chart
PJT EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
PJT Partners Inc.'s enterprise value stands at 9.0x EBITDA, 28% below its 5-year average of 12.6x. The Financial Services sector median is 11.5x, placing the stock at a 21% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.72 | 4.57 | 2.34 | 1.88 | 3.12 | 2.96 | 1.56 | 1.49 | 1.43 | 0.83 |
| EV / EBITDA | 9.02 | 11.82 | 21.45 | 11.52 | 7.20 | 11.04 | 10.03 | 7.90 | 11.98 | 19.19 | 7.73 |
| EV / EBIT | 9.79 | 12.84 | 23.57 | 13.66 | 8.32 | 12.61 | 11.36 | 10.29 | 13.90 | 24.57 | 10.49 |
| EV / FCF | — | 9.70 | 12.95 | 6.17 | 8.04 | 26.30 | 6.77 | 5.52 | 7.47 | 6.48 | 3.97 |
PJT Profitability
Margins and return-on-capital ratios measuring operating efficiency
PJT Partners Inc. earns an operating margin of 21.2%, roughly in line with the Financial Services sector average. Operating margins have expanded from 17.2% to 21.2% over the past 3 years, signaling improving operational efficiency. ROE of 18.9% indicates solid capital efficiency, compared to the sector median of 9.5%. ROIC of 20.3% represents excellent returns on invested capital versus a sector median of 5.7%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 32.4% | 32.4% | 30.9% | 30.2% | 34.8% | 35.5% | 35.1% | 30.0% | 26.8% | 21.6% | 23.7% |
| Operating Margin | 21.2% | 21.2% | 19.4% | 17.2% | 22.5% | 24.7% | 26.1% | 15.1% | 10.7% | 5.8% | 7.9% |
| Net Profit Margin | 10.5% | 10.5% | 9.0% | 7.1% | 8.8% | 10.7% | 11.2% | 4.1% | 4.7% | -6.5% | -0.6% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 18.9% | 18.9% | 15.2% | 10.1% | 13.0% | 16.0% | 18.6% | 5.6% | 6.0% | -15.7% | -25.8% |
| ROA | 10.2% | 10.2% | 8.8% | 6.6% | 8.9% | 9.8% | 11.1% | 3.6% | 4.4% | -5.7% | -0.6% |
| ROIC | 20.3% | 20.3% | 17.8% | 14.2% | 20.5% | 22.2% | 25.1% | 12.6% | 9.9% | 10.5% | 250.7% |
| ROCE | 21.2% | 21.2% | 19.8% | 16.9% | 24.4% | 24.2% | 27.3% | 14.3% | 10.7% | 5.3% | 7.8% |
PJT Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
PJT Partners Inc. carries a Debt/EBITDA ratio of 1.1x, which is manageable (75% below the sector average of 4.1x). The company holds a net cash position — cash of $539M exceeds total debt of $414M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.41 | 0.41 | 0.39 | 0.38 | 0.18 | 0.25 | 0.25 | 0.36 | 0.06 | — | — |
| Debt / EBITDA | 1.05 | 1.05 | 1.11 | 1.41 | 0.51 | 0.56 | 0.55 | 1.45 | 0.42 | — | — |
| Net Debt / Equity | — | -0.12 | -0.14 | -0.03 | -0.05 | -0.07 | -0.18 | -0.02 | -0.16 | -0.34 | — |
| Net Debt / EBITDA | -0.32 | -0.32 | -0.41 | -0.11 | -0.14 | -0.16 | -0.41 | -0.08 | -1.06 | -3.91 | -2.86 |
| Debt / FCF | — | -0.26 | -0.25 | -0.06 | -0.16 | -0.37 | -0.28 | -0.06 | -0.66 | -1.32 | -1.47 |
| Interest Coverage | — | — | — | — | — | — | — | — | — | — | — |
Net cash position: cash ($539M) exceeds total debt ($414M)
PJT Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
PJT Partners Inc.'s current ratio of 27.67x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 9.00x to 27.67x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 27.67 | 27.67 | 10.07 | 9.00 | 6.86 | 6.87 | 9.18 | 8.35 | 6.75 | 11.47 | 14.88 |
| Quick Ratio | 27.67 | 27.67 | 10.07 | 9.00 | 6.86 | 6.87 | 9.18 | 8.35 | 6.75 | 11.47 | 14.88 |
| Cash Ratio | 15.06 | 15.06 | 6.05 | 5.17 | 2.42 | 2.81 | 5.16 | 4.07 | 2.21 | 6.46 | 7.39 |
| Asset Turnover | — | 0.90 | 0.91 | 0.80 | 0.98 | 1.00 | 0.90 | 0.75 | 0.86 | 0.89 | 0.85 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
PJT Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
PJT Partners Inc. returns 5.9% to shareholders annually — split between a 0.6% dividend yield and 5.3% buyback yield. The payout ratio of 13.6% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 4.4% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.6% | 0.5% | 0.3% | 0.9% | 1.3% | 2.5% | 0.1% | 0.4% | 0.5% | 0.4% | 0.7% |
| Payout Ratio | 13.6% | 13.6% | 18.0% | 29.9% | 27.2% | 73.4% | 4.1% | 15.7% | 15.9% | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.4% | 4.0% | 3.1% | 4.8% | 4.8% | 5.4% | 5.8% | 2.7% | 3.0% | — | — |
| FCF Yield | 13.1% | 10.0% | 7.6% | 16.0% | 12.2% | 3.8% | 14.2% | 17.9% | 12.3% | 12.8% | 18.4% |
| Buyback Yield | 5.3% | 4.1% | 3.4% | 4.3% | 5.6% | 3.3% | 1.5% | 4.2% | 6.9% | 0.3% | 0.0% |
| Total Shareholder Yield | 5.9% | 4.6% | 3.7% | 5.2% | 6.8% | 5.8% | 1.6% | 4.6% | 7.4% | 0.7% | 0.7% |
| Shares Outstanding | — | $29M | $44M | $27M | $27M | $42M | $43M | $25M | $24M | $19M | $18M |
Peer Comparison
Compare PJT with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 PJTYou | $4B | 22.8 | 9.0 | 7.7 | 32.4% | 21.2% | 18.9% | 20.3% | 1.1 |
 LAZ | $4B | 21.5 | 12.1 | 8.7 | 31.8% | 13.0% | 27.0% | 9.5% | 5.7 |
 EVR | $13B | 23.7 | 16.0 | 11.2 | 99.4% | 20.5% | 27.8% | 18.8% | 1.4 |
 MC | $5B | 21.7 | 15.5 | 8.7 | 99.2% | 18.1% | 40.2% | 24.9% | 0.9 |
 PWP | $2B | 35.2 | 29.9 | 64.4 | 97.2% | 6.4% | 14.5% | 7.0% | 5.1 |
 HLI | $10B | 25.3 | 17.6 | 12.5 | 38.5% | 21.0% | 19.9% | 15.5% | 0.8 |
 FTI | $30B | 32.1 | 21.9 | 20.4 | 17.3% | 9.6% | 29.5% | 17.6% | 1.4 |
 HLNE | $4B | 16.4 | 13.3 | 13.6 | 70.8% | 44.4% | 27.2% | 21.2% | 1.1 |
 SF | $12B | 13.3 | 12.9 | 10.1 | 86.6% | 13.8% | 11.7% | 7.9% | 2.3 |
 BX | $98B | 32.1 | 15.0 | 56.0 | 86.0% | 51.9% | 14.6% | 16.1% | 1.8 |
 KKR | $90B | 43.1 | 20.3 | 9.4 | 41.8% | 2.4% | 3.3% | 0.3% | 7.7 |
| Financial Services Median | — | 13.4 | 11.5 | 10.7 | 62.9% | 21.4% | 9.5% | 5.7% | 4.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Includes 30+ ratios · 13 years · Updated daily
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Start ComparisonPJT — Frequently Asked Questions
Quick answers to the most common questions about buying PJT stock.
What is PJT Partners Inc.'s P/E ratio?
PJT Partners Inc.'s current P/E ratio is 22.8x. The historical average is 30.5x. This places it at the 44th percentile of its historical range.
What is PJT Partners Inc.'s EV/EBITDA?
PJT Partners Inc.'s current EV/EBITDA is 9.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.3x.
What is PJT Partners Inc.'s ROE?
PJT Partners Inc.'s return on equity (ROE) is 18.9%. The historical average is 4.7%.
Is PJT stock overvalued?
Based on historical data, PJT Partners Inc. is trading at a P/E of 22.8x. This is at the 44th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is PJT Partners Inc.'s dividend yield?
PJT Partners Inc.'s current dividend yield is 0.56% with a payout ratio of 13.6%.
What are PJT Partners Inc.'s profit margins?
PJT Partners Inc. has 32.4% gross margin and 21.2% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does PJT Partners Inc. have?
PJT Partners Inc.'s Debt/EBITDA ratio is 1.1x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.