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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 7/10

vs
industry
vs
history
Cash to Debt 0.03
PJC's Cash to Debt is ranked lower than
69% of the 1373 Companies
in the Global Asset Management industry.

( Industry Median: 10000.00 vs. PJC: 0.03 )
PJC' s 10-Year Cash to Debt Range
Min: 0.02   Max: No Debt
Current: 0.03

Equity to Asset 0.31
PJC's Equity to Asset is ranked lower than
63% of the 1521 Companies
in the Global Asset Management industry.

( Industry Median: 0.81 vs. PJC: 0.31 )
PJC' s 10-Year Equity to Asset Range
Min: 0.25   Max: 0.62
Current: 0.31

0.25
0.62
Interest Coverage 3.02
PJC's Interest Coverage is ranked lower than
68% of the 1268 Companies
in the Global Asset Management industry.

( Industry Median: 2075.16 vs. PJC: 3.02 )
PJC' s 10-Year Interest Coverage Range
Min: 0.17   Max: 4.39
Current: 3.02

0.17
4.39
F-Score: 6
Z-Score: 0.90
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry
vs
history
Operating margin (%) 19.10
PJC's Operating margin (%) is ranked higher than
52% of the 1567 Companies
in the Global Asset Management industry.

( Industry Median: 50.33 vs. PJC: 19.10 )
PJC' s 10-Year Operating margin (%) Range
Min: -68.51   Max: 19.46
Current: 19.1

-68.51
19.46
Net-margin (%) 11.35
PJC's Net-margin (%) is ranked higher than
50% of the 1569 Companies
in the Global Asset Management industry.

( Industry Median: 45.26 vs. PJC: 11.35 )
PJC' s 10-Year Net-margin (%) Range
Min: -308.58   Max: 128.37
Current: 11.35

-308.58
128.37
ROE (%) 10.23
PJC's ROE (%) is ranked higher than
71% of the 1596 Companies
in the Global Asset Management industry.

( Industry Median: 7.94 vs. PJC: 10.23 )
PJC' s 10-Year ROE (%) Range
Min: -22.04   Max: 28.02
Current: 10.23

-22.04
28.02
ROA (%) 3.20
PJC's ROA (%) is ranked higher than
61% of the 1616 Companies
in the Global Asset Management industry.

( Industry Median: 4.27 vs. PJC: 3.20 )
PJC' s 10-Year ROA (%) Range
Min: -12.02   Max: 11.19
Current: 3.2

-12.02
11.19
ROC (Joel Greenblatt) (%) 30.41
PJC's ROC (Joel Greenblatt) (%) is ranked higher than
64% of the 1067 Companies
in the Global Asset Management industry.

( Industry Median: 94.27 vs. PJC: 30.41 )
PJC' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -946.64   Max: 243.43
Current: 30.41

-946.64
243.43
Revenue Growth (%) 0.40
PJC's Revenue Growth (%) is ranked higher than
67% of the 1008 Companies
in the Global Asset Management industry.

( Industry Median: 1.40 vs. PJC: 0.40 )
PJC' s 10-Year Revenue Growth (%) Range
Min: -20.2   Max: 265.8
Current: 0.4

-20.2
265.8
EBITDA Growth (%) 8.00
PJC's EBITDA Growth (%) is ranked higher than
74% of the 865 Companies
in the Global Asset Management industry.

( Industry Median: 1.70 vs. PJC: 8.00 )
PJC' s 10-Year EBITDA Growth (%) Range
Min: 0   Max: 38.4
Current: 8

0
38.4
EPS Growth (%) 34.30
PJC's EPS Growth (%) is ranked higher than
88% of the 877 Companies
in the Global Asset Management industry.

( Industry Median: 3.60 vs. PJC: 34.30 )
PJC' s 10-Year EPS Growth (%) Range
Min: -20.7   Max: 409.2
Current: 34.3

-20.7
409.2
» PJC's 10-Y Financials

Financials


Revenue & Net Income
Equity & Asset
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q4 2013

PJC Guru Trades in Q4 2013

Richard Pzena 752,901 sh (+73.32%)
Chuck Royce 525,800 sh (-13.49%)
» More
Q1 2014

PJC Guru Trades in Q1 2014

Richard Pzena 939,963 sh (+24.85%)
Chuck Royce 349,287 sh (-33.57%)
» More
Q2 2014

PJC Guru Trades in Q2 2014

Paul Tudor Jones 9,400 sh (New)
Richard Pzena 805,479 sh (-14.31%)
Chuck Royce 19,200 sh (-94.5%)
» More
Q3 2014

PJC Guru Trades in Q3 2014

Jim Simons 13,600 sh (New)
Chuck Royce 19,200 sh (unchged)
Paul Tudor Jones 8,400 sh (-10.64%)
Richard Pzena 270,654 sh (-66.4%)
» More
» Details

Insider Trades

Latest Guru Trades with PJC

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Richard Pzena 2014-09-30 Reduce -66.4%0.15%$50.82 - $56.3 $ 58.9910%270654
Richard Pzena 2014-03-31 Add 24.85%0.05%$37.13 - $44.51 $ 58.9946%939963
Richard Pzena 2013-12-31 Add 73.32%0.07%$32.33 - $39.5 $ 58.9962%752901
Richard Pzena 2013-09-30 New Buy0.1%$30.99 - $36.14 $ 58.9975%434400
Premium More recent guru trades are included for Premium Members only!!
Premium More recent guru trades are included for USA Subscribe Members only!!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Ratios

vs
industry
vs
history
P/E(ttm) 12.30
PJC's P/E(ttm) is ranked higher than
76% of the 1812 Companies
in the Global Asset Management industry.

( Industry Median: 21.50 vs. PJC: 12.30 )
PJC' s 10-Year P/E(ttm) Range
Min: 4.63   Max: 181.6
Current: 12.3

4.63
181.6
P/B 1.11
PJC's P/B is ranked higher than
64% of the 1812 Companies
in the Global Asset Management industry.

( Industry Median: 1.09 vs. PJC: 1.11 )
PJC' s 10-Year P/B Range
Min: 0.34   Max: 1.92
Current: 1.11

0.34
1.92
P/S 1.27
PJC's P/S is ranked higher than
94% of the 1812 Companies
in the Global Asset Management industry.

( Industry Median: 9.06 vs. PJC: 1.27 )
PJC' s 10-Year P/S Range
Min: 0.51   Max: 2.53
Current: 1.27

0.51
2.53
PFCF 2.30
PJC's PFCF is ranked higher than
99% of the 1812 Companies
in the Global Asset Management industry.

( Industry Median: 9999.00 vs. PJC: 2.30 )
PJC' s 10-Year PFCF Range
Min: 0.83   Max: 615.25
Current: 2.3

0.83
615.25
EV-to-EBIT 11.85
PJC's EV-to-EBIT is ranked higher than
79% of the 1812 Companies
in the Global Asset Management industry.

( Industry Median: 23.16 vs. PJC: 11.85 )
PJC' s 10-Year EV-to-EBIT Range
Min: -13.8   Max: 112.7
Current: 11.85

-13.8
112.7

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 1.59
PJC's Price/Tangible Book is ranked higher than
62% of the 1812 Companies
in the Global Asset Management industry.

( Industry Median: 1.35 vs. PJC: 1.59 )
PJC' s 10-Year Price/Tangible Book Range
Min: 0.62   Max: 2.76
Current: 1.59

0.62
2.76
Price/DCF (Projected) 2.36
PJC's Price/DCF (Projected) is ranked higher than
73% of the 1812 Companies
in the Global Asset Management industry.

( Industry Median: 9999.00 vs. PJC: 2.36 )
PJC' s 10-Year Price/DCF (Projected) Range
Min: 0.3   Max: 3.55
Current: 2.36

0.3
3.55
Price/Median PS Value 1.10
PJC's Price/Median PS Value is ranked higher than
77% of the 1812 Companies
in the Global Asset Management industry.

( Industry Median: 1.55 vs. PJC: 1.10 )
PJC' s 10-Year Price/Median PS Value Range
Min: 0.44   Max: 2.02
Current: 1.1

0.44
2.02
Price/Graham Number 0.83
PJC's Price/Graham Number is ranked higher than
78% of the 1812 Companies
in the Global Asset Management industry.

( Industry Median: 2.36 vs. PJC: 0.83 )
PJC' s 10-Year Price/Graham Number Range
Min: 0.57   Max: 1.91
Current: 0.83

0.57
1.91
Earnings Yield (Greenblatt) 8.40
PJC's Earnings Yield (Greenblatt) is ranked higher than
76% of the 1555 Companies
in the Global Asset Management industry.

( Industry Median: 5.40 vs. PJC: 8.40 )
PJC' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.9   Max: 12.7
Current: 8.4

0.9
12.7
Forward Rate of Return (Yacktman) -9.35
PJC's Forward Rate of Return (Yacktman) is ranked higher than
51% of the 804 Companies
in the Global Asset Management industry.

( Industry Median: 1.25 vs. PJC: -9.35 )
PJC' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -14.5   Max: 16.4
Current: -9.35

-14.5
16.4

Business Description

Industry: Asset Management » Asset Management
Compare:SIEB, GHL, GS, SF, MS » details
Traded in other countries:PJR.Germany
Piper Jaffray Cos is incorporated in Delaware. The Company is an investment bank and asset management firm, serving the needs of corporations, private equity groups, public entities, non-profit entities and institutional investors in the U.S. and internationally. The Company provides a set of products and services, including equity and debt capital markets products; public finance services; financial advisory services; equity and fixed income institutional brokerage; equity and fixed income research; and asset management services. The Company's operations consist mainly of four components: Investment Banking; Equity and Fixed Income Institutional Brokerage; Principal Investments and Alternative Asset Management Funds. Investment Banking: it raises capital through equity financings and provide advisory services, primarily relating to mergers and acquisitions, for its corporate clients. It operates in the following focus industries: business services, clean technologies, consumer and retail, healthcare, industrials, and technology, media and telecommunications, mainly focusing on middle-market clients. For the government and non-profit clients, it underwrites debt issuances and provide financial advisory and interest rate risk management services. Its public finance investment banking capabilities focus on state and local governments, cultural and social service non-profit entities, and the healthcare, education, senior living and hospitality sectors. The Equity and Fixed Income Institutional Brokerage offers both equity and fixed income advisory and trade execution services for institutional investors and government and non-profit entities. It also has equity sales and trading relationships with institutional investors in the United States and Europe that invest in its core sectors. The Principal Investments is engaged in merchant banking activities, which involve equity or debt investments in late stage private companies. Additionally it has investments in private equity and venture capital funds and other firm investments. The alternative asset management funds invest in municipal securities and merchant banking in order to invest its own capital and to seek capital from outside investors. The Company's asset management business provides investment products through separately managed accounts and open-end and closed-end funds. Advisory Research, Inc. ('ARI') manages domestic and international equity strategies for institutions, private clients and investment advisors. FAMCO MLP, a division of ARI, manages master limited partnerships ('MLPs') and energy infrastructure strategies. The Company operates in the United States. The Company is subject to regulation of many aspects of its business by U.S. federal and state regulatory agencies, self-regulatory organizations and by foreign governmental agencies, regulatory bodies and securities exchanges.

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