PJT

PJT Partners Inc.

Financial Services · $3.7B market cap

Verdict

Share price

$138.69

close of Oct 3, 2026

Fair value

$108.17

Sticker Price

Payback Price

$43.27

buy price

Overpriced

PJT is Overpriced: at $138.69 it trades 28% above its fair value of $108.17. Its buy price (Payback Price) is $43.27, 69% below today's price. Business quality is strong: all 5 key numbers clear the 10% bar.

How we valued it

Buffett Normalized. A profitable, growing business, so we project its earnings 10 years ahead and work out what that is worth today.

Business quality

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

Earnings per share growth27.7% a year✓
Equity per share growth25.6% a year✓
Sales growth12.9% a year✓
Free cash flow growth22.7% a year✓
Return on invested capital15.2%✓

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Insider activity

Since Jun 17, 2026: no open-market purchases, 5 sales worth $2.1M and 11 other filings (stock awards, tax withholding and similar). Why purchases matter

Sales

Other filings

About PJT Partners Inc.

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. It offers advisory services to clients on various transactions, including mergers and acquisitions (M&A), spin-offs, activism defense, contested M&A, joint…

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