Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
PJT PartnersPJT +0.41%89 Debt-to-EBITDA is 1.12 as of Mar. 2026, which is 38% above its 10-year median of 0.81. GuruFocus rates PJT with a GF Score™ of 89/100 and a GF Value™ of $170.84 (Fairly Valued). The stock has 3 warning signs investors should review. Among 422 Capital Markets companies, PJT Partners ranks better than 57.35% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for PJT Partners's Debt-to-EBITDA or its related term are showing as below:
PJT'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.42 Med: 0.81 Max: 1.45
Current: 1
During the past 13 years, the highest Debt-to-EBITDA Ratio of PJT Partners was 1.45. The lowest was 0.42. And the median was 0.81.
PJT's Debt-to-EBITDA is ranked better than 57.35% of 422
companies
in the Capital Markets industry
Industry Median: 1.645
vs PJT: 1.00
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
PJT Partners Debt-to-EBITDA Related Terms
PJT Partners Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for PJT Partners's Debt-to-EBITDA 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.
For the Capital Markets subindustry, PJT Partners's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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 Debt-to-EBITDA vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, PJT Partners's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where PJT Partners's Debt-to-EBITDA falls into.
* 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.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Mar. 2026) EBITDA data.
PJT Partners (PJT) has a Debt-to-EBITDA of 1.12 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on PJT Partners. This is 38% above median its historical median of 0.81. Over the past decade, PJT Partners' Debt-to-EBITDA has ranged from 0.42 to 1.45. According to the industry distribution chart, PJT Partners ranks #180 out of 422 companies in the Capital Markets industry, placing it in the top 42.7%.
Is PJT Partners' Debt-to-EBITDA too high?
PJT Partners' current Debt-to-EBITDA of 1.12 is 38% above median its 10-year median of 0.81. Over the past 10 years, this metric has ranged from a low of 0.42 to a high of 1.45. The Capital Markets industry median Debt-to-EBITDA is 1.65. PJT Partners' value of 1.12 is 31.9% below this industry median. Based on the distribution chart, PJT Partners ranks #180 out of 422 companies in the Capital Markets industry, which is above the industry midpoint. Overall, PJT Partners has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PJT Partners' Debt-to-EBITDA compare to LAZ and GLXY?
According to the Capital Markets industry distribution chart, PJT Partners ranks #180 out of 422 companies for Debt-to-EBITDA. This puts PJT Partners in the upper half of its industry. The industry median Debt-to-EBITDA is 1.65. PJT Partners' value of 1.12 is 31.9% below this benchmark. Historically, PJT Partners' own Debt-to-EBITDA has ranged from 0.42 to 1.45 over the past decade. While the company's 10-year median is 0.81 vs. the industry median of 1.65, PJT Partners has consistently been below 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 Debt-to-EBITDA for a Capital Markets company?
The median Debt-to-EBITDA among Capital Markets companies is 1.65, based on 422 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PJT Partners's current Debt-to-EBITDA of 1.12 is 31.9% below 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 Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on PJT Partners. For the Capital Markets industry, the median Debt-to-EBITDA is 1.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PJT Partners's current Debt-to-EBITDA is 1.12, which is 38% above median its own 10-year median of 0.81. 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 (PJT) is currently considered Fairly Valued. The stock's GF Value™ is $170.84, compared to a current price of $169.76 — trading 0.6% below its estimated fair value. The current Debt-to-EBITDA is 1.12, which is 38% above median its 10-year median of 0.81 and 31.9% below the Capital Markets industry median of 1.65. PJT Partners' overall GF Score™ is 89/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For PJT Partners (PJT), the current Debt-to-EBITDA is 1.12 as of Mar. 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 (PJT) Overvalued in 2026?
Based on GuruFocus' analysis, PJT Partners stock appears to be undervalued.
The current stock price of $169.76 is trading 0.6% below its estimated GF Value™ of $170.84.
GuruFocus considers PJT Partners to be Fairly Valued.
Key valuation signals for PJT:
Debt-to-EBITDA: 1.12 (38% above median its 10-year median of 0.81)
GF Value™: $170.84 vs. price of $169.76 (0.6% below fair value)
Industry Position: 31.9% below the Capital Markets median (#180 of 422)
No single metric tells the full story. See the PJT 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.
89GF Score
Get the complete analysis for PJT
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
PJT has been successfully added to your 
