PJT Partners Inc.

PJT Partners Inc.

PJTยทNYSE

$154.84

-0.90%
Financial ServicesFinancial - Capital Markets

PJT Partners Inc., an investment bank, provides various strategic and capital markets advisory, restructuring and special situations, and shareholder advisory 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 ventures, minority investments, and divestitures. The company also advises private and public company boards and management teams on strategies for building productive investor relationships with a focus on shareholder engagement; and strategic investor relations; environmental, social, and governance matters; and other investor-related matters. In addition, it provides advisory services related to debt and acquisition financings; structured product offerings; public equity raises, including initial public offering and SPAC offerings; and private capital raises for early and later stage companies, as well as other capital structure related matters. Further, the company offers advisory services in restructurings and recapitalizations; and serving a range of companies, creditors, and financial sponsors on liability management and related capital raise transactions, including exchanges, recapitalizations, reorganizations, debt repurchases, and distressed mergers and acquisitions. Additionally, it provides private fund advisory and fundraising services for a range of investment strategies; and advisory services to GPs and LPs on liquidity and other structured solutions in the secondary market. 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.

At a Glance

Live Snapshot
Market Cap$4.00B
EPS7.0000
P/E Ratio22.12
Earnings Date07/28/2026
PJT Partners Inc.

PJT Partners Inc. Fair Value Envelope

PJT ยท NYSE

Our analysis suggests that PJT has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $154.84, this represents a potential HIDDEN relative to our calculated worth for PJT Partners Inc..

Intrinsic Value
Current Price: $154.84

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$3.9B
+ Cash & Equivalents$538.9M
Firm Value$4.4B
- Debt$413.9M
Equity Value$4.0B
/ Shares Outstanding24,306,646B
DCF Value$164
UNDERVALUED BY 6%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$479.2M
$436.3M
$397.3M
$361.7M
$329.4M
$299.9M
$273.1M
$248.6M
$226.4M
$206.1M
Maintenance CapEx
-$8.4M
-$7.6M
-$6.9M
-$6.3M
-$5.7M
-$5.2M
-$4.8M
-$4.3M
-$3.9M
-$3.6M
Owner Earnings
$470.9M
$428.7M
$390.4M
$355.4M
$323.6M
$294.7M
$268.3M
$244.3M
$222.4M
$202.5M
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$436.0M
$367.6M
$309.9M
$261.3M
$220.3M
$185.7M
$156.5M
$132.0M
$111.3M
$93.8M
Terminal Value represents 41.2% of Enterprise Value