12 years of historical data (2013–2024) · Financial Services · Financial - Capital Markets
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
PJT Partners Inc. trades at 30.0x earnings, 37% above its 5-year average of 21.9x, sitting at the 50th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.8x, the stock trades at a premium of 118%.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $19198 | $7.0B | $2.7B | $2.0B | $3.1B | $3.2B | $1.1B | $940M | $860M | $565M | $517M |
| Enterprise Value | $-129337802 | $6.8B | $2.7B | $1.9B | $3.1B | $3.1B | $1.1B | $864M | $714M | $412M | $434M |
| P/E Ratio → | 30.02 | 32.08 | 20.83 | 20.99 | 18.57 | 17.10 | 37.30 | 33.41 | — | — | 69.00 |
| P/S Ratio | 0.00 | 4.66 | 2.36 | 1.91 | 3.16 | 3.08 | 1.57 | 1.62 | 1.72 | 1.13 | 1.27 |
| P/B Ratio | 7.22 | 7.72 | 3.17 | 2.58 | 4.92 | 4.72 | 1.96 | 1.93 | 2.04 | — | 16.10 |
| P/FCF | 0.00 | 13.19 | 6.23 | 8.20 | 26.67 | 7.05 | 5.58 | 8.12 | 7.81 | 5.44 | 6.77 |
| P/OCF | 0.00 | 13.11 | 6.18 | 8.08 | 25.28 | 6.91 | 5.34 | 7.65 | 7.73 | 4.83 | 4.60 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 4.57 | 2.34 | 1.88 | 3.12 | 2.96 | 1.56 | 1.49 | 1.43 | 0.83 | 1.07 |
| EV / EBITDA | -0.39 | 20.60 | 11.02 | 7.20 | 11.04 | 10.03 | 7.90 | 11.98 | 19.19 | 7.73 | 26.43 |
| EV / EBIT | -0.43 | 22.55 | 12.96 | 8.32 | 12.61 | 11.36 | 10.29 | 13.90 | 24.57 | 10.49 | 259.85 |
| EV / FCF | — | 12.95 | 6.17 | 8.04 | 26.30 | 6.77 | 5.52 | 7.47 | 6.48 | 3.97 | 5.69 |
Margins and return-on-capital ratios measuring operating efficiency
PJT Partners Inc. earns an operating margin of 20.3%, roughly in line with the Financial Services sector average. Operating margins have compressed from 22.5% to 20.3% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 15.2% indicates solid capital efficiency, compared to the sector median of 9.1%. ROIC of 18.6% represents solid returns on invested capital versus a sector median of 5.4%.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 30.9% | 30.9% | 30.2% | 34.8% | 35.5% | 35.1% | 30.0% | 26.8% | 21.6% | 23.7% | 22.4% |
| Operating Margin | 20.3% | 20.3% | 18.1% | 22.5% | 24.7% | 26.1% | 15.1% | 10.7% | 5.8% | 7.9% | 0.4% |
| Net Profit Margin | 9.0% | 9.0% | 7.1% | 8.8% | 10.7% | 11.2% | 4.1% | 4.7% | -6.5% | -0.6% | 1.9% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 15.2% | 15.2% | 10.1% | 13.0% | 16.0% | 18.6% | 5.6% | 6.0% | -15.7% | -25.8% | 4.2% |
| ROA | 8.8% | 8.8% | 6.6% | 8.9% | 9.8% | 11.1% | 3.6% | 4.4% | -5.7% | -0.6% | 1.9% |
| ROIC | 18.6% | 18.6% | 15.0% | 20.5% | 22.2% | 25.1% | 12.6% | 9.9% | 10.5% | 250.7% | 0.7% |
| ROCE | 20.7% | 20.7% | 17.8% | 24.4% | 24.2% | 27.3% | 14.3% | 10.7% | 5.3% | 7.8% | 0.4% |
Solvency and debt-coverage ratios — lower is generally safer
PJT Partners Inc. carries a Debt/EBITDA ratio of 1.1x, which is manageable (74% below the sector average of 4.1x). The company holds a net cash position — cash of $484M exceeds total debt of $355M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.39 | 0.39 | 0.38 | 0.18 | 0.25 | 0.25 | 0.36 | 0.06 | — | — | — |
| Debt / EBITDA | 1.07 | 1.07 | 1.35 | 0.51 | 0.56 | 0.55 | 1.45 | 0.42 | — | — | — |
| Net Debt / Equity | — | -0.14 | -0.03 | -0.05 | -0.07 | -0.18 | -0.02 | -0.16 | -0.34 | — | -2.57 |
| Net Debt / EBITDA | -0.39 | -0.39 | -0.10 | -0.14 | -0.16 | -0.41 | -0.08 | -1.06 | -3.91 | -2.86 | -5.01 |
| Debt / FCF | — | -0.25 | -0.06 | -0.16 | -0.37 | -0.28 | -0.06 | -0.66 | -1.32 | -1.47 | -1.08 |
| Interest Coverage | — | — | — | — | — | — | — | — | — | — | — |
Net cash position: cash ($484M) exceeds total debt ($355M)
Short-term solvency ratios and asset-utilisation metrics
PJT Partners Inc.'s current ratio of 10.07x 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 6.86x to 10.07x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 10.07 | 10.07 | 9.00 | 6.86 | 6.87 | 9.18 | 8.35 | 6.75 | 11.47 | 14.88 | 6.00 |
| Quick Ratio | 10.07 | 10.07 | 9.00 | 6.86 | 6.87 | 9.18 | 8.35 | 6.75 | 11.47 | 14.88 | 6.00 |
| Cash Ratio | 6.05 | 6.05 | 5.17 | 2.42 | 2.81 | 5.16 | 4.07 | 2.21 | 6.46 | 7.39 | 2.60 |
| Asset Turnover | — | 0.91 | 0.80 | 0.98 | 1.00 | 0.90 | 0.75 | 0.86 | 0.89 | 0.85 | 0.87 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
PJT Partners Inc. returns 100.0% to shareholders annually — split between a 0.4% dividend yield and 100.0% buyback yield. The payout ratio of 18.0% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 3.3% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.4% | 0.3% | 0.9% | 1.3% | 2.5% | 0.1% | 0.4% | 0.5% | 0.4% | 0.7% | 17.2% |
| Payout Ratio | 18.0% | 18.0% | 29.9% | 27.2% | 73.4% | 4.1% | 15.7% | 15.9% | — | — | 1173.4% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.3% | 3.1% | 4.8% | 4.8% | 5.4% | 5.8% | 2.7% | 3.0% | — | — | 1.4% |
| FCF Yield | 100.0% | 7.6% | 16.0% | 12.2% | 3.8% | 14.2% | 17.9% | 12.3% | 12.8% | 18.4% | 14.8% |
| Buyback Yield | 100.0% | 3.4% | 4.3% | 5.6% | 3.3% | 1.5% | 4.2% | 6.9% | 0.3% | 0.0% | 0.0% |
| Total Shareholder Yield | 100.0% | 3.7% | 5.2% | 6.8% | 5.8% | 1.6% | 4.6% | 7.4% | 0.7% | 0.7% | 17.2% |
| Shares Outstanding | — | $44M | $27M | $27M | $42M | $43M | $25M | $24M | $19M | $18M | $18M |
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 | $19198 | 30.0 | -0.4 | 0.0 | 30.9% | 20.3% | 15.2% | 18.6% | 1.1 |
| GS | $267B | 21.2 | 33.8 | — | 41.1% | 14.5% | 12.0% | 1.9% | 29.7 |
| MS | $265B | 20.9 | 24.2 | — | 55.6% | 17.1% | 13.0% | 2.9% | 15.8 |
| EVR | $27B | 34.0 | 50.5 | 28.1 | 99.4% | 17.8% | 20.3% | 14.6% | 1.7 |
| NMR | $27B | 12.7 | 56.2 | — | 36.9% | 10.5% | 9.7% | 1.0% | 58.7 |
| JEF | $9B | 15.7 | -3.5 | 27.5 | 59.7% | 6.3% | 6.8% | 2.4% | 2.0 |
| PIPR | $5B | 28.9 | 18.6 | 16.6 | 99.6% | 14.7% | 13.3% | 11.0% | 0.4 |
| LAZ | $5B | 18.9 | 13.3 | 6.8 | 35.1% | 12.5% | 41.9% | 10.2% | 5.2 |
| MC | $4B | 33.3 | 22.9 | 10.6 | 100.0% | 14.5% | 32.3% | 20.3% | 1.2 |
| HLI | $3B | 28.1 | 3.7 | 3.1 | 38.5% | 21.0% | 19.9% | 15.5% | 0.8 |
| PWP | $434M | -15.2 | — | 2.1 | 40.1% | -8.9% | -26.0% | -13.7% | — |
| Financial Services Median | — | 13.8 | 11.1 | 11.2 | 60.2% | 21.9% | 9.1% | 5.4% | 4.1 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 12 years · Updated daily
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Start ComparisonPJT Partners Inc.'s current P/E ratio is 30.0x. The historical average is 31.2x. This places it at the 50th percentile of its historical range.
PJT Partners Inc.'s current EV/EBITDA is -0.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.3x.
PJT Partners Inc.'s return on equity (ROE) is 15.2%. The historical average is 3.6%.
Based on historical data, PJT Partners Inc. is trading at a P/E of 30.0x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
PJT Partners Inc.'s current dividend yield is 0.37% with a payout ratio of 18.0%.
PJT Partners Inc. has 30.9% gross margin and 20.3% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
PJT Partners Inc.'s Debt/EBITDA ratio is 1.1x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.