PIPR

Piper Sandler Companies

Financial Services · $4.4B market cap

Verdict

Share price

$65.36

close of Oct 3, 2026

Fair value

$90.45

Sticker Price

Payback Price

$36.18

buy price

Undervalued

PIPR is Undervalued: at $65.36 it trades 28% below its fair value of $90.45. Its buy price (Payback Price) is $36.18, 45% below today's price. Business quality is mixed: 2 of 5 key numbers clear the 10% bar.

How we valued it

Free Cash Flow. Sales grew 11% a year over the last 3 years, below the 15% we look for in a fast grower, so we value it on its free cash flow instead of an earnings forecast.

Business quality

2 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth10.6% a year✓
Equity per share growth2.8% a year✗
Sales growth8.8% a year✗
Free cash flow growth10.5% a year✓
Return on invested capital9.0%✗

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Superinvestors

1 of the investors we track holds PIPR. In Q1 2026, 1 added. Who we track

Moves in Q1 2026

Added: Mairs & Power Funds

Insider activity

Since Jun 12, 2026: no open-market purchases and 9 other filings (stock awards, tax withholding and similar). Why purchases matter

Other filings

About Piper Sandler Companies

Piper Sandler Companies operates as an investment bank and institutional securities firm that serves corporations, private equity groups, public entities, non-profit entities, and institutional investors in the United States and internationally. It offers investment banking services, institutional sales, and trading services for various equity and fixed income products; research services; advisory services, such as…

Investment - Banking & Investment Services

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works