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PJT Partners (STU:1PJ) E10 : €2.24 (As of Dec. 2024)


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What is PJT Partners E10?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

PJT Partners's adjusted earnings per share data for the three months ended in Dec. 2024 was €1.748. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €2.24 for the trailing ten years ended in Dec. 2024.

During the past 12 months, PJT Partners's average E10 Growth Rate was 29.40% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

As of today (2025-03-20), PJT Partners's current stock price is €130.00. PJT Partners's E10 for the quarter that ended in Dec. 2024 was €2.24. PJT Partners's Shiller PE Ratio of today is 58.04.

During the past 13 years, the highest Shiller PE Ratio of PJT Partners was 75.45. The lowest was 40.25. And the median was 53.80.


PJT Partners E10 Historical Data

The historical data trend for PJT Partners's E10 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 E10 Chart

PJT Partners Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 1.63 2.24

PJT Partners Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
E10 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 1.63 1.92 2.04 2.10 2.24

Competitive Comparison of PJT Partners's E10

For the Capital Markets subindustry, PJT Partners's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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's Shiller PE Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, PJT Partners's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where PJT Partners's Shiller PE Ratio falls into.



PJT Partners E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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.

For example, PJT Partners's adjusted earnings per share data for the three months ended in Dec. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=1.748/133.1571*133.1571
=1.748

Current CPI (Dec. 2024) = 133.1571.

PJT Partners Quarterly Data

per share eps CPI Adj_EPS
201503 -0.438 99.621 -0.585
201506 -0.348 100.684 -0.460
201509 2.077 100.392 2.755
201512 -0.674 99.792 -0.899
201603 0.013 100.470 0.017
201606 -0.016 101.688 -0.021
201609 -0.481 101.861 -0.629
201612 0.187 101.863 0.244
201703 0.065 102.862 0.084
201706 0.010 103.349 0.013
201709 0.148 104.136 0.189
201712 -0.944 104.011 -1.209
201803 0.215 105.290 0.272
201806 0.282 106.317 0.353
201809 0.302 106.507 0.378
201812 0.166 105.998 0.209
201903 0.041 107.251 0.051
201906 0.184 108.070 0.227
201909 0.268 108.329 0.329
201912 0.383 108.420 0.470
202003 0.708 108.902 0.866
202006 0.799 108.767 0.978
202009 1.103 109.815 1.337
202012 0.962 109.897 1.166
202103 0.864 111.754 1.029
202106 0.784 114.631 0.911
202109 0.750 115.734 0.863
202112 0.769 117.630 0.871
202203 0.908 121.301 0.997
202206 0.700 125.017 0.746
202209 0.828 125.227 0.880
202212 0.897 125.222 0.954
202303 0.626 127.348 0.655
202306 0.794 128.729 0.821
202309 0.637 129.860 0.653
202312 0.798 129.419 0.821
202403 1.122 131.776 1.134
202406 0.985 132.554 0.989
202409 0.712 133.029 0.713
202412 1.748 133.157 1.748

Add all the adjusted EPS together and divide 10 will get our e10.


PJT Partners  (STU:1PJ) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

PJT Partners's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=130.00/2.24
=58.04

* 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.

During the past 13 years, the highest Shiller P/E Ratio of PJT Partners was 75.45. The lowest was 40.25. And the median was 53.80.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


PJT Partners E10 Related Terms

Thank you for viewing the detailed overview of PJT Partners's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


PJT Partners 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.

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