Piper Sandler Companies Common Stock (PIPR)

FairStock Score: 69/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach Piper Sandler as a financial company, so I look at returns on equity and capital, price-to-book, leverage, and earnings consistency. It is an investment bank and institutional securities firm with 1,915 employees; its fortunes depend on advisory, financing, and trading activity, which are cyclical and talent-driven. That is not a wide-moat business, but the numbers show a respectable operator. For fiscal 2025, the company reported revenue of $1.8B and net income of $281.3M, up from $1.5B and $181.1M in fiscal 2024. In fiscal Q2 2026, the quarter ended 2026-06-30, it filed revenue of $473.1M, net income of $67.8M, and diluted EPS of $0.95; fiscal Q1 2026, the quarter ended 2026-03-31, showed revenue of $459.0M, net income of $65.2M, and diluted EPS of $0.92. That is steady sequential profitability. FairStock calculates ROE of 24.53%, ROCE of 16.98%, and a debt-to-equity ratio of only 0.11, so the balance sheet looks conservatively financed. At the 2026-10-13 close of $63.87, FairStock shows a P/E of 14.82 and a P/B of 3.14. The P/E is moderate and the PEG of 0.23 suggests growth is not fully priced in, but the P/B is not a Graham bargain for an investment bank. The 52-week range of $62.69-$95.07 puts the shares near the low. FairStock's Piotroski F-Score is weak at 3/9, a caution. The computed Lynch category is STALWART: 47.3% annual profit growth over five years and 7.9% revenue growth. I see a decent, cyclical compounder at a fair-to-attractive price, but not a wide-moat bargain. I would want CET1, NIM, or combined ratio data, none of which is provided, before judging bank-specific risk.

In plain English: Piper Sandler is an investment bank that helps companies raise money and buy or sell businesses, and it also trades securities and provides research. The business has been profitable and growing, with low debt and strong recent profits, but its results can swing with deal markets. At the recent price, the shares look reasonably priced to somewhat cheap compared with those profits, though not a bargain compared with the company's accounting value.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q4 2025 10-K (period ended 2025-12-31) · fiscal Q3 2025 10-K (period ended 2025-09-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer