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PJT PartnersFRA:1PJ 91 Cyclically Adjusted PB Ratio is 55.26 as of Aug. 06, 2026, which is 20% above its 10-year median of 46.17. GuruFocus rates FRA:1PJ with a GF Score™ of 91/100 and a GF Value™ of €184.93 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 611 Capital Markets companies, PJT Partners ranks worse than 99.51% on this metric.
The historical rank and industry rank for PJT Partners's Cyclically Adjusted PB Ratio or its related term are showing as below:
FRA:1PJ'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 18.9 Med: 46.17 Max: 75.84
Current: 54.62
During the past years, PJT Partners's highest Cyclically Adjusted PB Ratio was 75.84. The lowest was 18.90. And the median was 46.17.
FRA:1PJ's Cyclically Adjusted PB Ratio is ranked worse than 99.51% of 611
companies
in the Capital Markets industry
Industry Median: 1.29
vs FRA:1PJ: 54.62
The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.
PJT Partners's adjusted book value per share data for the three months ended in Jun. 2026 was €10.587. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is €2.66 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
PJT Partners (FRA:1PJ) Cyclically Adjusted PB Ratio Explanation
Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.
PJT Partners Cyclically Adjusted PB Ratio Related Terms
PJT Partners Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for PJT Partners's Cyclically Adjusted PB Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
FRA:1PJ vs LAZ, GLXY, MKTX: Cyclically Adjusted PB Ratio Comparison
For the Capital Markets subindustry, PJT Partners's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
PJT Partners Cyclically Adjusted PB Ratio vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, PJT Partners's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where PJT Partners's Cyclically Adjusted PB Ratio falls into.
PJT Partners Cyclically Adjusted PB Ratio Calculation
Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.
PJT Partners's Cyclically Adjusted PB Ratio for today is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
What does a Cyclically Adjusted PB Ratio of 55.26 mean?
PJT Partners (FRA:1PJ) has a Cyclically Adjusted PB Ratio of 55.26 as of Aug. 06, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on PJT Partners and its competitors. This is 20% above median its historical median of 46.17. Over the past decade, PJT Partners' Cyclically Adjusted PB Ratio has ranged from 18.90 to 75.84. According to the industry distribution chart, PJT Partners ranks #608 out of 611 companies in the Capital Markets industry, placing it in the top 99.5%.
Is PJT Partners' Cyclically Adjusted PB Ratio too high?
PJT Partners' current Cyclically Adjusted PB Ratio of 55.26 is 20% above median its 10-year median of 46.17. Over the past 10 years, this metric has ranged from a low of 18.90 to a high of 75.84. The Capital Markets industry median Cyclically Adjusted PB Ratio is 1.29. PJT Partners' value of 55.26 is 4183.7% above this industry median. Based on the distribution chart, PJT Partners ranks #608 out of 611 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, PJT Partners has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PJT Partners' Cyclically Adjusted PB Ratio compare to LAZ and GLXY?
According to the Capital Markets industry distribution chart, PJT Partners ranks #608 out of 611 companies for Cyclically Adjusted PB Ratio. This places PJT Partners in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.29. PJT Partners' value of 55.26 is 4183.7% above this benchmark. Historically, PJT Partners' own Cyclically Adjusted PB Ratio has ranged from 18.90 to 75.84 over the past decade. While the company's 10-year median is 46.17 vs. the industry median of 1.29, PJT Partners has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Capital Markets company?
The median Cyclically Adjusted PB Ratio among Capital Markets companies is 1.29, based on 611 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PJT Partners's current Cyclically Adjusted PB Ratio of 55.26 is 4183.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on PJT Partners and its competitors. For the Capital Markets industry, the median Cyclically Adjusted PB Ratio is 1.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PJT Partners's current Cyclically Adjusted PB Ratio is 55.26, which is 20% above median its own 10-year median of 46.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PJT Partners stock overvalued right now?
Based on GuruFocus' analysis, PJT Partners (FRA:1PJ) is currently considered Modestly Undervalued. The stock's GF Value™ is €184.93, compared to a current price of €147.00 — trading 20.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 55.26, which is 20% above median its 10-year median of 46.17 and 4183.7% above the Capital Markets industry median of 1.29. PJT Partners' overall GF Score™ is 91/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For PJT Partners (FRA:1PJ), the current Cyclically Adjusted PB Ratio is 55.26 as of Aug. 06, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is PJT Partners (FRA:1PJ) Overvalued in 2026?
Based on GuruFocus' analysis, PJT Partners stock appears to be undervalued.
The current stock price of €147.00 is trading 20.5% below its estimated GF Value™ of €184.93.
GuruFocus considers PJT Partners to be Modestly Undervalued.
Key valuation signals for FRA:1PJ:
Cyclically Adjusted PB Ratio: 55.26 (20% above median its 10-year median of 46.17)
GF Value™: €184.93 vs. price of €147.00 (20.5% below fair value)
Industry Position: 4183.7% above the Capital Markets median (#608 of 611)
No single metric tells the full story. See the FRA:1PJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PJT Partners Inc is an advisory-focused investment bank that offers a portfolio of advisory services designed to help its clients achieve their strategic objectives. The company delivers a range of strategic advisory, capital markets advisory, restructuring and special situations, and shareholder advisory services to corporations, financial sponsors, institutional investors, and governments around the world. It also provides private fund advisory and fundraising services for alternative investment strategies, including private equity, real estate, hedge funds, and private credit. The company generates its revenue from advisory fees, placement services, and others. Geographically, it generates maximum revenue from the United States, followed by the United Kingdom and other markets.
91GF Score
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