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PJT Partners (FRA:1PJ) Cyclically Adjusted Price-to-FCF : 10.41 (As of Jun. 19, 2024)


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What is PJT Partners Cyclically Adjusted Price-to-FCF?

As of today (2024-06-19), PJT Partners's current share price is €95.50. PJT Partners's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €9.17. PJT Partners's Cyclically Adjusted Price-to-FCF for today is 10.41.

The historical rank and industry rank for PJT Partners's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

FRA:1PJ' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 7.49   Med: 9.5   Max: 10.77
Current: 10.67

During the past years, PJT Partners's highest Cyclically Adjusted Price-to-FCF was 10.77. The lowest was 7.49. And the median was 9.50.

FRA:1PJ's Cyclically Adjusted Price-to-FCF is ranked better than
70.66% of 242 companies
in the Capital Markets industry
Industry Median: 18.495 vs FRA:1PJ: 10.67

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 Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

PJT Partners's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €-1.281. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is €9.17 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


PJT Partners Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for PJT Partners's Cyclically Adjusted Price-to-FCF 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.

* Premium members only.

PJT Partners Cyclically Adjusted Price-to-FCF Chart

PJT Partners Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 10.32

PJT Partners Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 7.54 8.23 10.32 9.48

Competitive Comparison of PJT Partners's Cyclically Adjusted Price-to-FCF

For the Capital Markets subindustry, PJT Partners's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF 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's Cyclically Adjusted Price-to-FCF Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, PJT Partners's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where PJT Partners's Cyclically Adjusted Price-to-FCF falls into.



PJT Partners Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF 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 Price-to-FCF.

PJT Partners's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=95.50/9.17
=10.41

* 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.

PJT Partners's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, PJT Partners's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-1.281/131.7762*131.7762
=-1.281

Current CPI (Mar. 2024) = 131.7762.

PJT Partners Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.575 100.560 0.753
201409 -0.278 100.428 -0.365
201412 1.059 99.070 1.409
201503 0.008 99.621 0.011
201506 3.823 100.684 5.004
201509 2.977 100.392 3.908
201512 -1.290 99.792 -1.703
201603 0.221 100.470 0.290
201606 0.856 101.688 1.109
201609 3.096 101.861 4.005
201612 1.028 101.863 1.330
201703 -1.821 102.862 -2.333
201706 1.491 103.349 1.901
201709 3.401 104.136 4.304
201712 1.817 104.011 2.302
201803 -2.322 105.290 -2.906
201806 2.904 106.317 3.599
201809 3.933 106.507 4.866
201812 0.153 105.998 0.190
201903 -1.547 107.251 -1.901
201906 2.306 108.070 2.812
201909 2.436 108.329 2.963
201912 4.750 108.420 5.773
202003 -1.144 108.902 -1.384
202006 5.370 108.767 6.506
202009 6.286 109.815 7.543
202012 5.840 109.897 7.003
202103 -2.936 111.754 -3.462
202106 3.400 114.631 3.909
202109 6.235 115.734 7.099
202112 -0.406 117.630 -0.455
202203 -1.472 121.301 -1.599
202206 5.685 125.017 5.992
202209 6.092 125.227 6.411
202212 -1.273 125.222 -1.340
202303 -0.872 127.348 -0.902
202306 6.655 128.729 6.813
202309 5.261 129.860 5.339
202312 4.457 129.419 4.538
202403 -1.281 131.776 -1.281

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

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.


PJT Partners  (FRA:1PJ) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow 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 Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


PJT Partners Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of PJT Partners's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


PJT Partners (FRA:1PJ) Business Description

Traded in Other Exchanges
Address
280 Park Avenue, New York, NY, USA, 10017
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 fees, and others. Geographically, It generates a majority of its revenue from the United States.

PJT Partners (FRA:1PJ) Headlines

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