PJT Partners Inc. Class A Common Stock (PJT)

FairStock Score: 55/100 — STEADY

Key Financials

AI Analysis

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

I look for businesses that earn high returns on capital without needing heavy assets, and PJT Partners fits that mold as an advisory-led investment bank. It is small, with 1,224 employees, and competes in M&A, restructuring and shareholder advisory — a people business where reputation and senior relationships are the real moat, though not a wide one. The filed numbers show momentum: in fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $482.7M and net income $45.8M, versus revenue of $401.1M and net income of $32.9M in fiscal Q2 2025, the quarter ended 2025-06-30. For FY2025, period ended 2025-12-31, revenue was $1.7B and net income $180.1M, up from FY2024 revenue of $1.5B and net income $134.4M. FairStock’s calculations show ROE of 37.63%, ROCE of 21.10%, and a debt-to-equity ratio of 0.43, which is conservative for a financial firm. The price at the 2026-10-13 close gives a P/E of 18.63, P/B of 11.23, and PEG of 0.47; the Piotroski F-score is 7/9, and FairStock rates it a STALWART because five-year profit growth was 8.9% a year and revenue growth 10.2%. The 11.23 price-to-book is the rub: little margin of safety in accounting net assets. Also, advisory revenue is cyclical and can swing with deal activity. CET1, net interest margin, and combined ratio are not in the data; for this advisory model, deal-cycle exposure matters more than loan losses. At about 18.6 times earnings, with strong returns and modest leverage, the stock looks reasonably valued, not a classic Graham bargain.

In plain English: PJT Partners is a small investment bank that advises companies on mergers, restructurings, shareholder fights, and other big financial decisions. The business looks strong: sales and profits have grown, returns on shareholder money are high, and debt is modest. At the 2026-10-13 close, the price looks roughly fair to a little inexpensive against earnings, but not cheap against the net assets on its books.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

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 Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · 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