PJT Partners Inc (PJT) fair value: what the stock is really worth
As of Nov 11, 2026: fair value (intrinsic value) of PJT Partners Inc stock $204, price $153, upside +33.6%, quality 73 out of 100. Rating: undervalued. Calculated from audited financials with 13 of our 26 valuation models and 37 quality factors, updated daily.
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PJT Partners Inc
PJT · USThe stock costs 25% less than our calculation considers fair.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.
How to read this chart
60‑month range $52.87 – $190.79 · fair‑value band $68.69 – $304.49 · the $152.94 price screens below the $204.36 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 10, 2026.
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Company profile
PJT Partners Inc., an investment bank, provides various strategic advisory, shareholder advisory, capital markets advisory, and restructuring and special situations services to corporations, financial sponsors, institutional investors, and governments worldwide.
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It offers advisory services to clients on various transactions, including mergers and acquisitions (M&A), spin-offs, activism defense, contested M&A, joint ventures, minority investments, and divestitures.
The company also provides advisory services for private and public company boards and management teams on strategies for building productive investor relationships with a focus on shareholder engagement; complex investor matters; and other critical strategic, governance, and shareholder matters.
In addition, it offers advisory services related to debt and equity markets, including debt financings, acquisition financings, structured product offerings, public equity raises initial public offerings, private capital raises, general partner advisory, and other capital structure related matters.
Further, the company provides geopolitical and policy advisory practice that assists corporate boards and management teams with navigating changing geopolitical relationships.
Additionally, it offers advisory services in the areas of liability management, and restructurings and special situations comprising bespoke financing, tort liability resolutions, distressed M&A, and chapter 11 matters, as well as to corporate clients, financial sponsors, and creditors.
The company also provides private fund advisory and fundraising services for a range of investment strategies; and advisory services to general and limited partners on liquidity and other structured solutions.
The company was formerly known as Blackstone Advisory Inc. and changed its name to PJT Partners Inc. in March 2015. PJT Partners Inc. was incorporated in 2014 and is headquartered in New York, New York.
Stock analysis
PJT Partners Inc (PJT) currently trades at $152.94, while our model-based Fair Value estimate is $204.36, implying the stock looks roughly 25% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of $242.28 per share, and 6 of the 13 models we run sit above the $152.94 price.
Bear case: the Multiples group reads lowest at $48.79, and 7 of the 13 models stay below the price. Data coverage for this calculation is high.
Scenario range: $68.69 (bear) to $304.49 (bull), the price of $152.94 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 73/100 (solid quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
PJT Partners Inc reported revenue of $1.7B in FY2025 versus $992M in FY2021, a compound +14.6%/yr. Reported net income was $180M in FY2025, compounding +14.1%/yr from FY2021.
Key figures
Market cap $6.5B Mid · P/E ratio 21.9 · P/S ratio 2.22 · EPS (TTM) $7.00 · Dividend yield 0.7% · Net margin 10.5% · Return on equity 37.6% · Return on assets (EBIT) 19.5% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 68 out of 100 (low confidence).
What moves the price
The share trades about 20% below its 52-week high and 19% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at 5% fair-value upside, at 34%, PJT screens cheaper than that median.
Fair Value models
All 13 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Insider trades
In the last 6 months, 4 officers or directors sold shares worth $2.1M and none bought.
- SaleJames CostosDirector1,723 shares at $175.00$301,525Aug 21, 2026
- SaleKievdi Don CornwellDirector7,845 shares at $173.48$1.4MAug 21, 2026
- SaleEmily K RaffertyDirector1,100 shares at $167.35$184,085Aug 10, 2026
- SaleGrace Reksten SkaugenDirector1,283 shares at $167.67$215,121Jul 31, 2026
- SaleDavid Adam TravinGeneral Counsel3,000 shares at $152.43$457,276May 6, 2026
- SaleHelen T MeatesChief Financial Officer8,000 shares at $153.20$1.2MMay 1, 2026
Plus 5 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Source: SEC Form 4, as of Nov 10, 2026. All filings at the SEC ↗
Revenue & earnings trend
Watch PJT, get fair value alerts →
Recent news
- PJT Partners Inc (PJT) (Q3 2026) Earnings Call Highlights: Record Nine-Month Revenue of $1. ...
- PJT (NYSE:PJT) reports sales below analyst estimates in Q3 2026 earnings
- PJT Partners (PJT) Q3 Earnings and Revenues Lag Estimates
- PJT Partners: Q3 Earnings Snapshot
Compare PJT Partners Inc with another stock
Price, fair value, quality and upside side by side.
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.Capital Markets · 454 stocks
Valuation Multiplesvs Capital Markets median · lower = cheaper
Strength profile in five axes (Snowflake)
HEALTH: for banks, insurers and similar financial firms borrowed money is part of the business, so we do not rate debt here.
Context: sector, industry, market
- Is the Financials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- EV/EBITDA by industry
- Dividend yield by industry
- PEG screener for stocks with fair value
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Capital Markets stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Morgan Stanley MS | $190.61 | $260.72 | +37% | vs PJT |
| The Charles Schwab Corporation SCHW | $92.78 | $117.60 | +27% | vs PJT |
| Guotai Haitong Securities Co 601211 | ¥16.04 | ¥18.02 | +12% | vs PJT |
| The Goldman Sachs Group GS | $926.81 | $1,009 | +9% | vs PJT |
| Nomura Holdings NMR | $9.69 | $10.15 | +5% | vs PJT |
| CITIC Securities Company 600030 | ¥25.28 | ¥20.42 | −19% | vs PJT |
| Macquarie Group MQG | A$246.82 | A$144.90 | −41% | vs PJT |
| Robinhood Markets, Inc HOOD | $84.58 | $47.60 | −44% | vs PJT |
| East Money Information Co 300059 | ¥18.56 | ¥6.72 | −64% | vs PJT |
| Interactive Brokers Group IBKR | $82.49 | $17.48 | −79% | vs PJT |
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Key figures of PJT Partners Inc
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