NYSE: PJT · Investment Banking & Services
PJT Partners (PJT) fair value and price range
As of 27 Sep 2026, Faircurve's model values PJT Partners (PJT) at $115.38 a share. The stock last closed at $138.69, which puts the model's fair value 16.8% below 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. PJT Partners Inc.
Faircurve Insights · 27 Sep 2026
PJT Partners Inc. is an investment bank that provides various strategic advisory, shareholder advisory, capital markets advisory, and restructuring and special situations services to corporations, financial sponsors, institutional investors, and governments.
On 27 Sep 2026, Faircurve's model gave a fair value of $115.38 a share, which is the midpoint of 2,000 simulations. The previous run, on 19 Sep 2026, gave $113.42, so the fair value moved +1.7%. The calibrated range over 63 trading days is $96.80 to $140.68, built from the fair value, since there is no live options data for the stock, and calibrated weekly against realised prices (4,327 past valuations, refreshed 26 Sep 2026). Ranges built this way held the price 60% of the time at this horizon. The model grades the evidence behind this valuation as low, so no verdict is shown.
The model compares PJT Partners Inc. with Piper Sandler Companies (PIPR), Houlihan Lokey, Inc. (HLI), Stifel Financial Corp (SF), Bank of New York Mellon Corp (BNY), and Interactive Brokers Group, Inc. (IBKR). The stock's moves around its last 8 earnings reports were: 28 Jul 2026 -2.2%, 28 Apr 2026 -2.4%, 3 Feb 2026 -6.3%, 4 Nov 2025 +3.0%, 29 Jul 2025 -2.4%, 29 Apr 2025 +17.7%, 4 Feb 2025 +7.0%, and 29 Oct 2024 -2.3%. The median size, ignoring direction, was 2.7%.
Written from the figures on this page for the 27 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 PJT?
The calibrated range for PJT over 63 trading days is $96.80 to $140.68. 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 $89.55 to $145.88. In 16% of the simulations the fair value came out above the price the model ran on.
How does PJT compare with similar companies?
The companies in investment banking & services closest to PJT Partners in market value, each on the same model and the same date.
| Company | Last close | Model fair value | Gap | Model verdict |
|---|---|---|---|---|
| PIPR Piper Sandler Companies | $65.36 | $73.10 | +11.8% | 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 PJT report earnings, and how has the stock reacted?
PJT Partners's next earnings report is scheduled for 3 Nov 2026. Companies can move their dates.
Options prices on 2 Oct 2026 imply a move of about 6.9% in either direction through the nearest expiry, about 13 days out. That is the size the market is pricing, not a direction.
How PJT 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 2.7%.
| Report date | Two session move |
|---|---|
| 28 Jul 2026 | -2.2% |
| 28 Apr 2026 | -2.4% |
| 3 Feb 2026 | -6.3% |
| 4 Nov 2025 | +3.0% |
| 29 Jul 2025 | -2.4% |
| 29 Apr 2025 | +17.7% |
| 4 Feb 2025 | +7.0% |
| 29 Oct 2024 | -2.3% |
PJT Partners at a glance
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.
- Market value
- $3.9B
- Sector
- Financial Services
- Industry
- Investment Banking & Services
- Consensus revenue growth, next fiscal year
- +14.3%
- Analysts with estimates
- 3
- Beta to the US market
- 0.91
- First valued by Faircurve
- 11 Jul 2026
How the fair value is worked out: the model prices PJT Partners 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 19 Sep 2026 the model's fair value for PJT was $113.42. As of 27 Sep 2026 it is $115.38, a change of +1.7%. The model revalues every stock it covers each week, and again after an earnings report.
Questions about PJT Partners's valuation
Is PJT Partners stock undervalued or overvalued?
Faircurve's model puts PJT's fair value at $115.38 a share against a last close of $138.69, as of 27 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 PJT's fair value?
$115.38 a share as of 27 Sep 2026, the midpoint of 2,000 simulations. The model's own 20th to 80th percentile range is $89.55 to $145.88.
What price range does the model give PJT?
$96.80 to $140.68 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 PJT Partners report earnings next?
The next report is scheduled for 3 Nov 2026. Companies can move their dates.
How much has PJT moved on past earnings reports?
Across its last 8 reports the median two session move was 2.7%, ignoring direction. The largest was +17.7% around the report of 29 Apr 2025.
How confident is the model in this valuation?
The model's evidence grade for PJT 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.