P10, Inc. (PX) Financial Ratios
23 years of historical data (2003–2025) · Financial Services · Asset Management
EV/EBITDA
↓
13.56
↓-31% vs avg
5yr avg: 19.72
30Y Low2.1·High28.8
P/FCF
↓
9.41
↓-51% vs avg
5yr avg: 19.20
30Y Low0.9·High32.1
P/B Ratio
↓
2.35
↓-15% vs avg
5yr avg: 2.76
30Y Low0.1·High4.0
ROE
↑
34.4%
↓+250% vs avg
5yr avg: 9.8%
30Y Low-231%·High51%
Debt/EBITDA
↓
2.13
↓-46% vs avg
5yr avg: 3.94
30Y Low0.0·High14.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
PX Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
P10, Inc. trades at 47.2x earnings, 36% below its 5-year average of 73.8x, sitting at the 50th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.6x, the stock trades at a premium of 246%. On a free-cash-flow basis, the stock trades at 9.4x P/FCF, 51% below the 5-year average of 19.2x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $909M | $4.6B | $1.5B | $1.2B | $1.3B | $1.6B | — | — | — | — | — |
| Enterprise Value | $1.2B | $26.6B | $1.8B | $1.5B | $1.6B | $1.8B | — | — | — | — | — |
| P/E Ratio → | 47.19 | 0.67 | 78.81 | — | 44.46 | 171.11 | — | — | — | — | — |
| P/S Ratio | 3.07 | 0.14 | 5.12 | 4.91 | 6.54 | 10.43 | — | — | — | — | — |
| P/B Ratio | 2.35 | 0.12 | 3.92 | 2.79 | 2.99 | 3.97 | — | — | — | — | — |
| P/FCF | 9.41 | 0.91 | 15.72 | 25.68 | 21.56 | 32.14 | — | — | — | — | — |
| P/OCF | 9.00 | 0.45 | 15.03 | 24.88 | 21.05 | 32.04 | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
PX EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
P10, Inc.'s enterprise value stands at 13.6x EBITDA, 31% below its 5-year average of 19.7x. The Financial Services sector median is 11.4x, placing the stock at a 19% premium 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 | — | 0.78 | 6.04 | 6.07 | 7.99 | 11.68 | — | — | — | — | — |
| EV / EBITDA | 13.56 | 2.09 | 20.54 | 28.82 | 22.41 | 24.74 | — | — | — | — | — |
| EV / EBIT | 19.49 | 2.81 | 27.44 | 78.27 | 35.27 | 67.91 | — | — | — | — | — |
| EV / FCF | — | 5.22 | 18.54 | 31.73 | 26.34 | 35.97 | — | — | — | — | — |
PX Profitability
Margins and return-on-capital ratios measuring operating efficiency
P10, Inc. earns an operating margin of 26.3%, above the Financial Services sector average of 20.3%. Operating margins have expanded from 8.7% to 26.3% over the past 3 years, signaling improving operational efficiency. Return on equity of 34.4% is exceptionally high — well above the sector median of 9.0%. ROIC of 19.8% represents solid returns on invested capital versus a sector median of 5.5%.
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 | 48.8% | 48.8% | 47.6% | 36.2% | 52.5% | 63.6% | 63.6% | 72.5% | 71.6% | 80.1% | 100.0% |
| Operating Margin | 26.3% | 26.3% | 20.4% | 8.7% | 21.9% | 26.8% | 12.9% | 28.5% | 33.0% | -10.2% | -0.0% |
| Net Profit Margin | 20.3% | 20.3% | 6.3% | -3.0% | 14.7% | 7.2% | 35.3% | 26.6% | -8.9% | -33.2% | -0.2% |
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 | 34.4% | 34.4% | 4.6% | -1.7% | 7.0% | 4.7% | 49.7% | 39.8% | -14.2% | -16.1% | -231.0% |
| ROA | 15.7% | 15.7% | 2.2% | -0.9% | 3.9% | 1.7% | 6.1% | 6.2% | -2.0% | -2.6% | -97.8% |
| ROIC | 19.8% | 19.8% | 6.2% | 2.1% | 4.8% | 6.2% | 2.4% | 9.0% | 15.8% | -0.8% | -0.0% |
| ROCE | 24.6% | 24.6% | 8.1% | 2.8% | 6.4% | 9.3% | 4.5% | 9.6% | 7.6% | -0.8% | -20.2% |
PX Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
P10, Inc. carries a Debt/EBITDA ratio of 2.1x, which is manageable (50% below the sector average of 4.3x). Net debt stands at $21.9B ($27.0B total debt minus $5.1B cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.68 | 0.68 | 0.88 | 0.73 | 0.71 | 0.58 | 4.98 | 4.23 | 0.01 | 3.51 | 0.95 |
| Debt / EBITDA | 2.13 | 2.13 | 3.90 | 6.10 | 4.35 | 3.21 | 12.27 | 6.52 | 0.01 | 14.29 | — |
| Net Debt / Equity | — | 0.55 | 0.71 | 0.66 | 0.66 | 0.47 | 4.78 | 3.71 | -0.37 | 3.39 | -7.67 |
| Net Debt / EBITDA | 1.73 | 1.73 | 3.13 | 5.50 | 4.07 | 2.64 | 11.79 | 5.72 | -0.24 | 13.80 | — |
| Debt / FCF | — | 4.31 | 2.83 | 6.05 | 4.78 | 3.83 | 26.89 | 7.97 | -0.55 | — | — |
| Interest Coverage | — | — | 2.56 | 0.86 | 4.73 | 1.17 | 0.74 | 1.13 | — | -0.00 | -0.01 |
PX Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.88x is below 1.0, meaning current liabilities exceed current assets — though the company's $5.1B cash position helps mitigate short-term liquidity concerns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.88 | 0.88 | 2.84 | 0.86 | 2.18 | 0.56 | 0.06 | 0.19 | 5.47 | 188.94 | 1.00 |
| Quick Ratio | 0.88 | 0.88 | 2.84 | 0.86 | 2.18 | 0.56 | 0.06 | 0.19 | 5.47 | 188.94 | 1.00 |
| Cash Ratio | 0.33 | 0.33 | 1.01 | 0.23 | 0.50 | 0.37 | 0.04 | 0.16 | 4.82 | 6.22 | 0.94 |
| Asset Turnover | — | 0.39 | 0.34 | 0.29 | 0.24 | 0.22 | 0.12 | 0.22 | 0.18 | 0.04 | 5687.90 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
PX Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
P10, Inc. returns 9.2% to shareholders annually — split between a 1.7% dividend yield and 7.5% buyback yield. A payout ratio of 40.8% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 2.1% (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 | 1.7% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 40.8% | 40.8% | 82.8% | — | 36.0% | — | — | — | — | — | — |
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 | 2.1% | 148.9% | 1.3% | — | 2.2% | 0.6% | — | — | — | — | — |
| FCF Yield | 10.6% | 109.9% | 6.4% | 3.9% | 4.6% | 3.1% | — | — | — | — | — |
| Buyback Yield | 7.5% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 9.2% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $472M | $120M | $116M | $122M | $112M | $117M | $117M | $65M | $35M | $16M |
Peer Comparison
Compare PX 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 |
|---|---|---|---|---|---|---|---|---|---|
 PXYou | $909M | 47.2 | 13.6 | 9.4 | 48.8% | 26.3% | 34.4% | 19.8% | 2.1 |
 AMG | $10B | 15.7 | 12.3 | 9.5 | 86.0% | 31.8% | 15.8% | 8.1% | 2.8 |
 STEP | $6B | -6.8 | — | 89.0 | 51.0% | -51.3% | -39.2% | -35.3% | — |
 HLNE | $4B | 13.4 | 13.2 | 9.7 | 69.9% | 42.8% | 20.8% | 15.6% | 1.1 |
 GCMG | $2B | 28.9 | 16.3 | 13.0 | 100.0% | 26.5% | 244.6% | 22.4% | 3.1 |
 ARES | $41B | 64.2 | 27.3 | 26.8 | 74.8% | 27.2% | 6.8% | 6.1% | 7.4 |
 BX | $97B | 31.8 | 14.9 | 55.4 | 86.0% | 51.9% | 14.6% | 16.1% | 1.8 |
 KKR | $86B | 41.4 | 19.8 | 9.1 | 41.8% | 2.4% | 3.3% | 0.3% | 7.7 |
 APO | $78B | 18.6 | 6.3 | 10.5 | 88.5% | 34.4% | 12.2% | 16.0% | 1.2 |
 CG | $16B | 20.4 | 20.0 | 11.8 | 65.9% | 26.2% | 12.1% | 5.2% | 10.4 |
 TPG | $16B | 34.0 | 20.3 | 15.7 | 96.9% | 14.7% | 4.8% | 9.3% | 2.1 |
| Financial Services Median | — | 13.6 | 11.4 | 11.1 | 64.1% | 20.3% | 9.0% | 5.5% | 4.3 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 23 years · Updated daily
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PX — Frequently Asked Questions
Quick answers to the most common questions about buying PX stock.
What is P10, Inc.'s P/E ratio?
P10, Inc.'s current P/E ratio is 47.2x. The historical average is 73.8x. This places it at the 50th percentile of its historical range.
What is P10, Inc.'s EV/EBITDA?
P10, Inc.'s current EV/EBITDA is 13.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 19.7x.
What is P10, Inc.'s ROE?
P10, Inc.'s return on equity (ROE) is 34.4%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is -5.4%.
Is PX stock overvalued?
Based on historical data, P10, Inc. is trading at a P/E of 47.2x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is P10, Inc.'s dividend yield?
P10, Inc.'s current dividend yield is 1.70% with a payout ratio of 40.8%.
What are P10, Inc.'s profit margins?
P10, Inc. has 48.8% gross margin and 26.3% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does P10, Inc. have?
P10, Inc.'s Debt/EBITDA ratio is 2.1x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.