NYSE: PIPR · Investment Banking & Services
Piper Sandler Companies (PIPR) fair value and price range
As of 30 Sep 2026, Faircurve's model values Piper Sandler Companies (PIPR) at $73.10 a share. The stock last closed at $65.36, which puts the model's fair value 11.8% above the price. The model grades the evidence behind this valuation as low, so no verdict is shown. For banks, insurers and mortgage real estate investment trusts (REITs) the grade looks at how many comparable companies there are and how closely they agree, how wide the range of outcomes is, and whether the model's valuation methods agree with each other. It does not say how likely the fair value is to be right.
Revalued . Price is the close of 2 Oct 2026. Piper Sandler Companies.
Faircurve Insights · 30 Sep 2026
Piper Sandler Companies operates as an investment bank and institutional securities firm. It serves corporations, private equity groups, public entities, non-profit entities, and institutional investors in the United States and internationally.
On 30 Sep 2026, Faircurve's model calculated a fair value of $73.10 a share, the midpoint of 2,000 simulations. The fair value moved -0.7% since the previous run on 26 Sep 2026, which gave $73.65. The calibrated range over 63 trading days is $61.33 to $89.13, built from the fair value and calibrated weekly against realised prices, which held the price 60% of the time. The model grades the evidence behind this valuation as low.
The model compares Piper Sandler Companies with PJT Partners Inc. (PJT), Houlihan Lokey, Inc. (HLI), Stifel Financial Corp (SF), Bank of New York Mellon Corp (BNY), and Interactive Brokers Group, Inc. (IBKR). Around its last 8 earnings reports, the stock moved +2.7% on 30 Jul 2026, -10.9% on 1 May 2026, +12.4% on 6 Feb 2026, -1.0% on 31 Oct 2025, +1.8% on 1 Aug 2025, +9.2% on 2 May 2025, +2.2% on 31 Jan 2025, and -0.1% on 25 Oct 2024. The median size of these moves, ignoring direction, was 2.4%.
Written from the figures on this page for the 30 Sep 2026 valuation and checked by rule before publishing: every number is one printed here, no forecast, no instruction. The price, the gap and the verdict are the page's own and change daily. Not a recommendation.
What price range does the model give PIPR?
The calibrated range for PIPR over 63 trading days is $61.33 to $89.13. There is no live options data for this stock, so the range is built from the fair value and calibrated weekly against realised prices (n = 4,327 past valuations, refreshed 26 Sep 2026). Ranges built this way held the price 60% of the time at this horizon.
The model's own simulated range, from the 20th to the 80th percentile of its runs, is $67.45 to $78.75. In 91% of the simulations the fair value came out above the price the model ran on.
How does PIPR compare with similar companies?
The companies in investment banking & services closest to Piper Sandler Companies in market value, each on the same model and the same date.
| Company | Last close | Model fair value | Gap | Model verdict |
|---|---|---|---|---|
| PJT PJT Partners Inc. | $138.69 | $115.38 | -16.8% | Low evidence grade |
| HLI Houlihan Lokey, Inc. | $126.37 | $79.45 | -37.1% | Low evidence grade |
| SF Stifel Financial Corp | $70.28 | $76.05 | +8.2% | Low evidence grade |
| BNY Bank of New York Mellon Corp | $145.40 | $70.76 | -51.3% | Low evidence grade |
| IBKR Interactive Brokers Group, Inc. | $88.30 | $69.47 | -21.3% | Low evidence grade |
All investment banking & services stocks ranked by gap to fair value
When does PIPR report earnings, and how has the stock reacted?
Piper Sandler Companies's next earnings report is scheduled for 30 Oct 2026. Companies can move their dates.
Options prices on 2 Oct 2026 imply a move of about 14.5% in either direction through the nearest expiry, about 48 days out, a window that includes the report. That is the size the market is pricing, not a direction.
On 29 Sep 2026 PIPR moved 9.7% in one session, against the 2.7% a day that options had priced: 3.7 times the implied size.
How PIPR moved around its last 8 earnings reports
Each move runs from the last close before the report to the first close after it, so it covers companies that report before the open and after the close. The median size across these 8 reports, ignoring direction, was 2.4%.
| Report date | Two session move |
|---|---|
| 30 Jul 2026 | +2.7% |
| 1 May 2026 | -10.9% |
| 6 Feb 2026 | +12.4% |
| 31 Oct 2025 | -1.0% |
| 1 Aug 2025 | +1.8% |
| 2 May 2025 | +9.2% |
| 31 Jan 2025 | +2.2% |
| 25 Oct 2024 | -0.1% |
Piper Sandler Companies at a glance
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.
- Market value
- $4.9B
- Sector
- Financial Services
- Industry
- Investment Banking & Services
- Consensus revenue growth, next fiscal year
- +9.3%
- Analysts with estimates
- 2
- Beta to the US market
- 1.42
- First valued by Faircurve
- 11 Jul 2026
How the fair value is worked out: the model prices Piper Sandler Companies on the share price against the net assets on the balance sheet, adjusted for the earnings analysts expect (price to book value), runs 2,000 simulations across its inputs and takes the midpoint. The full method is documented here.
What changed in the latest valuation?
On 26 Sep 2026 the model's fair value for PIPR was $73.65. As of 30 Sep 2026 it is $73.10, a change of -0.7%. The model revalues every stock it covers each week, and again after an earnings report.
Questions about Piper Sandler Companies's valuation
Is Piper Sandler Companies stock undervalued or overvalued?
Faircurve's model puts PIPR's fair value at $73.10 a share against a last close of $65.36, as of 30 Sep 2026. The model grades the evidence behind this valuation as low, so no verdict is shown. For banks, insurers and mortgage real estate investment trusts (REITs) the grade looks at how many comparable companies there are and how closely they agree, how wide the range of outcomes is, and whether the model's valuation methods agree with each other. It does not say how likely the fair value is to be right.
What is PIPR's fair value?
$73.10 a share as of 30 Sep 2026, the midpoint of 2,000 simulations. The model's own 20th to 80th percentile range is $67.45 to $78.75.
What price range does the model give PIPR?
$61.33 to $89.13 over 63 trading days. Ranges built this way held the price 60% of the time across 4,327 past valuations, refreshed 26 Sep 2026.
When does Piper Sandler Companies report earnings next?
The next report is scheduled for 30 Oct 2026. Companies can move their dates.
How much has PIPR moved on past earnings reports?
Across its last 8 reports the median two session move was 2.4%, ignoring direction. The largest was +12.4% around the report of 6 Feb 2026.
How confident is the model in this valuation?
The model's evidence grade for PIPR is low. For banks, insurers and mortgage real estate investment trusts (REITs) the grade looks at how many comparable companies there are and how closely they agree, how wide the range of outcomes is, and whether the model's valuation methods agree with each other. It is not a probability that the fair value is right, or that the price reaches it.