Perpetual Ltd (PPT) fair value: what the stock is really worth
As of Nov 10, 2026: fair value (intrinsic value) of Perpetual Ltd stock A$15.54, price A$17.96, that is 13.5% below the price, quality 62 out of 100. Rating: overvalued. Calculated from audited financials with 13 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 9, 2026.
How to read this chart
60‑month range A$13.64 – A$30.73 · fair‑value band A$10.01 – A$20.59 · the A$17.96 price screens above the A$15.54 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
Follow Perpetual in your weekly email
Every Wednesday you see whether Perpetual is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Perpetual Limited is a publicly owned investment manager. The firm offers a range of financial products and services in Australia.
Show moreShow less
The company provides funds management, portfolio management, financial planning, trustee, responsible entity and compliance services, executor services, investment administration and custody services, and mortgage processing services.
It offers investment capabilities across a range of asset classes, including Australian and global equities, mortgages, cash and fixed interest, and Australian listed property.
The company also provides specialist direct-to-client financial services for high net worth individuals that include fiduciary services, such as trust advice and services, custodial solutions, estate planning, estate administration, and executorial services; independent financial advice services with specialist and "do-it-yourself' superannuation offerings; and philanthropic services.
In addition, it offers corporate trustee and transaction support services, including trustee services for mortgage backed and other securitisation programs for major banks and non-bank financial institutions; mortgage services, including mortgage preparations, variations and discharges; post settlement servicing; regulatory compliance services for fund managers; custody, unit registry, and accounting services for property and mortgage funds; and trusteeships for corporate debt issues and infrastructure projects.
The company is based in Sydney, Australia.
Stock analysis
Perpetual Ltd (PPT) currently trades at A$17.96, while our model-based Fair Value estimate is A$15.54, 13% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Growth DCF group reads highest at a median of A$25.45 per share, and 4 of the 13 models we run sit above the A$17.96 price.
Bear case: the Multiples group reads lowest at A$5.15, and 9 of the 13 models stay below the price. Data coverage for this calculation is high.
Scenario range: A$10.01 (bear) to A$20.59 (bull), the price of A$17.96 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 62/100 (solid quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Perpetual Ltd reported revenue of A$1.2B in FY2026 versus A$774M in FY2022, a compound +10.5%/yr. Reported net income was A$88.9M in FY2026, compounding −3.2%/yr from FY2022.
Key figures
Market cap A$2.1B (≈ $1.5B) Small · P/E ratio 35.2 · P/S ratio 2.72 · EPS (TTM) A$0.5100 · Dividend yield 6.3% · Net margin 7.7% · Return on equity 3.7% · Return on assets (EBIT) 5.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 8% below its 52-week high and 22% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −18% fair-value upside, at −13%, PPT screens cheaper than that median.
Fair Value models
BearA$10.01Fair Value A$15.54BullA$20.59
Price A$17.96 · Downside -13.5%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+20.3%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+22.7%
Start year 2020 (pandemic). Over 10 years: +10.5% a year
Revenue growth 25 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.1%
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
’26
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+5.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−0.7%
Dividend (yield on the price)6.3%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−0.7% vs −12.4%, picking up
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.14% → 10%
Pace: the 5-year rate starts in 2021 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes less growth than the company has delivered so far and about what analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−2.3%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
−4.7%
Yearly sales growth analysts expect, extended to five years.
After inflation (Australia: IMF forecast 3.0% a year to 2030, 2.9% from 2016 to 2025) that is about −5.1% a year for the price and −7.4% for the forecasts.
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Asset Management · 588 stocks
Beats the industry median on 5/15 measures
Overall it trails its industry peers.
Valuation
Quality Score62 · Above median
Fair Value upside−13.5% · Below median
Profitability
Return on equity (12 months)3.7% · Below median
Return on assets2.7% · Below median
Net margin (12 months)7.7% · Bottom 25%
Operating margin (12 months)14.5% · Below median
Growth and dividend
Revenue growth (quarter YoY)1.6% · Below median
Dividend yield (12 months)6.3% · Above median
Balance sheet
Debt / equity0.41× · Above median
Valuation Multiplesvs Asset Management median · lower = cheaper
P/E (12 months)35.2× · Priciest 25%
P/B1.37× · Pricier than median
P/S (12 months)1.83× · Cheapest 25%
Price / free cash flow (fiscal year)8.2× · Cheaper than median
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Perpetual Ltd Fair Value". https://www.fairvalue-calculator.com/stock/PPT
Frequently asked questions
Is Perpetual Ltd (PPT) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of A$15.54 versus a price of A$17.96, about 13% lower (overvalued).
What is the fair value of PPT?
Our model-based fair value for Perpetual Ltd is A$15.54 (as of Nov 9, 2026), built from audited fundamentals. The current price: A$17.96.
What is the quality score of PPT?
Perpetual Ltd has a Quality Score of 62/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Perpetual Ltd (PPT)?
Our model-based price target is the fair value of A$15.54 (as of Nov 9, 2026) from 13 valuation models. Cautious scenario A$10.01, optimistic scenario A$20.59. It is a calculation from audited fundamentals, not an analyst target.
What is the Perpetual Ltd stock forecast for 2026?
Our models put fair value at A$15.54, about 13% lower versus a price of A$17.96 (overvalued). Cautious scenario A$10.01, optimistic scenario A$20.59. The calculation is refreshed regularly with new filings.
What is the revenue of Perpetual Ltd (PPT)?
Perpetual Ltd reported trailing-twelve-month revenue of about A$1.2B (latest available figure, as of Nov 9, 2026).
Does Perpetual Ltd pay a dividend?
Perpetual Ltd currently shows a dividend yield of 6.29% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Perpetual Ltd (PPT) and when is the ex-dividend date?
Perpetual Ltd pays a dividend of A$1.13 per share a year, a dividend yield of 6.3%. The last ex-dividend date was Sep 10, 2026. A dividend has been paid every year since at least 1990. Free cash flow covers the dividend 1.95 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Perpetual Ltd (PPT)?
For today's price to be fair in a discounted-cash-flow model, Perpetual Ltd would have to grow free cash flow by -2.3 % per year for five years (discount rate 10.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +13.1 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of PPT use?
Our models discount Perpetual Ltd at 10.6 %: a base by market capitalisation (small), damped by beta 0.86, country premium for Australia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Perpetual Ltd that is -2.3 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.6 %) and the same formula as our fair value.
How much growth has Perpetual Ltd (PPT) delivered so far?
Over the past 5 years revenue at Perpetual Ltd grew +13.1 % a year. The price currently implies free-cash-flow growth of -2.3 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Perpetual Ltd (PPT) growing?
The median revenue growth in the sector is +9.2 % a year. That is the yardstick for the growth priced into Perpetual Ltd (-2.3 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Perpetual Ltd (PPT)?
The free-cash-flow yield on the price is 12.14 %: that much free cash flow Perpetual Ltd produces per unit of market value. When it exceeds the discount rate of our models (10.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Perpetual Ltd (PPT)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Perpetual Ltd it is A$15.54 per share (as of Nov 9, 2026), against a price of A$17.96. It is the blended result of 13 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Perpetual Ltd stock overvalued or undervalued in 2026?
As of Nov 9, 2026, PPT trades above its calculated fair value: price A$17.96, fair value A$15.54, a gap of about −13% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of PPT?
No. The price is what the market pays today (A$17.96); the fair value is what the company's own numbers justify (A$15.54). For Perpetual Ltd the two are A$2.42 per share apart. That gap is exactly why we show both numbers side by side.
How much is Perpetual Ltd worth?
The market values Perpetual Ltd at about A$2.1B (market capitalisation, as of Nov 9, 2026). Per share that is A$17.96; our models calculate a fair value of A$15.54 per share.
What do the bullish and bearish scenarios say about PPT?
Our models span a range for Perpetual Ltd: cautious scenario A$10.01, base A$15.54, optimistic A$20.59 per share (as of Nov 9, 2026, price A$17.96). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of PPT?
Perpetual Ltd trades at a price-to-earnings ratio of 35.2 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of A$15.54 is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2017 to 2026), reported earnings: 19.8. Other multiples: PEG 4.6, P/B 1.4, P/S 1.8, EV/EBITDA 8.6.
What is the PEG ratio of PPT?
The PEG ratio of Perpetual Ltd is 4.62 (P/E divided by earnings growth, as of Nov 9, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Perpetual Ltd (PPT)?
Balance-sheet figures for Perpetual Ltd (as of Nov 9, 2026): return on equity 3.7%, debt of 0.41 per unit of equity. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is PPT from its 52-week high?
Perpetual Ltd trades at A$17.96, about 8% below its 52-week high of A$19.60 and 22% above the low of A$14.69 (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of A$15.54 is for.
Which stocks are comparable to Perpetual Ltd?
From the same area (Financial Services) we also value Blackstone Inc, KKR & Co, Brookfield Asset Management Ltd, Apollo Global Management, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Perpetual Ltd stock attractive at the current price?
The data as of Nov 9, 2026: price A$17.96, calculated fair value A$15.54 (−13%), Quality Score 62/100, from 13 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of PPT calculated?
We run Perpetual Ltd through 13 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of A$15.54 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.7% above its aggregate fair value. Perpetual Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Perpetual Ltd (PPT)?
The closing price on Nov 10, 2026 was A$17.96. Our model-based fair value is A$15.54, about 13% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Perpetual Ltd right now?
Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (A$10.01 to A$20.59) leaves room in how you read the outcome. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Perpetual Ltd
How large is the market capitalisation of Perpetual Ltd (PPT)?
The market capitalisation of Perpetual Ltd is A$2.1B (≈ $1.5B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Perpetual Ltd (PPT)?
The price-to-sales ratio of Perpetual Ltd is 2.72 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Perpetual Ltd (PPT)?
Earnings per share at Perpetual Ltd are A$0.5100 (price ÷ EPS = P/E 35.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Perpetual Ltd (PPT)?
The dividend yield of Perpetual Ltd is 6.3%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Perpetual Ltd (PPT)?
The net margin of Perpetual Ltd is 7.7% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Perpetual Ltd (PPT)?
The return on equity (ROE) of Perpetual Ltd is 3.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Perpetual Ltd (PPT)?
On an EBIT basis the return on assets of Perpetual Ltd is 5.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Perpetual Ltd (PPT)?
The operating margin of Perpetual Ltd is 14.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Perpetual Ltd (PPT)?
Revenue at Perpetual Ltd is growing +1.6% versus a year earlier (3y avg +5.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Perpetual Ltd (PPT)?
Earnings per share at Perpetual Ltd are growing +339% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Perpetual Ltd (PPT) carry?
The net debt of Perpetual Ltd is A$410M (fiscal year 2026, ≈ 1.6 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Perpetual Ltd in the live analysis
One click puts Perpetual Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Broad data
Nov 9, 2026