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 +4.85%91 Earnings Yield (Joel Greenblatt) % is 8.80% as of Jun. 2026, which is 36% above its 10-year median of 6.49. GuruFocus rates PJT with a GF Score™ of 91/100 and a GF Value™ of $219.61 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 778 Capital Markets companies, PJT Partners ranks better than 67.61% on this metric.
PJT Partners's Enterprise Value for the quarter that ended in Jun. 2026 was $4,717 Mil.
PJT Partners's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was $415 Mil. PJT Partners's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2026 was 8.80%.
The historical rank and industry rank for PJT Partners's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
PJT'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -5.86 Med: 6.49 Max: 13.55
Current: 7.64
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of PJT Partners was 13.55%. The lowest was -5.86%. And the median was 6.49%.
PJT's Earnings Yield (Joel Greenblatt) % is ranked better than 67.61% of 778
companies
in the Capital Markets industry
Industry Median: 2.77
vs PJT: 7.64
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. PJT Partners's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2026 was 7.76%. The Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.
Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.
Be Aware
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
PJT Partners Earnings Yield (Joel Greenblatt) % Related Terms
PJT Partners Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for PJT Partners's Earnings Yield (Joel Greenblatt) % 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 Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % 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 Earnings Yield (Joel Greenblatt) % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, PJT Partners's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where PJT Partners's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
PJT Partnerss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
PJT Partners's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $415 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 8.80% mean?
PJT Partners (PJT) has a Earnings Yield (Joel Greenblatt) % of 8.80% as of Jun. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on PJT Partners and its competitors. This is 36% above median its historical median of 6.49. According to the industry distribution chart, PJT Partners ranks #252 out of 778 companies in the Capital Markets industry, placing it in the top 32.4%.
Is PJT Partners' Earnings Yield (Joel Greenblatt) % too high?
PJT Partners' current Earnings Yield (Joel Greenblatt) % of 8.80% is 36% above median its 10-year median of 6.49. The Capital Markets industry median Earnings Yield (Joel Greenblatt) % is 2.77. PJT Partners' value of 8.80% is 217.7% above this industry median. Based on the distribution chart, PJT Partners ranks #252 out of 778 companies in the Capital Markets industry, which is above the industry midpoint. 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' Earnings Yield (Joel Greenblatt) % compare to LAZ and GLXY?
According to the Capital Markets industry distribution chart, PJT Partners ranks #252 out of 778 companies for Earnings Yield (Joel Greenblatt) %. This puts PJT Partners in the upper half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 2.77. PJT Partners' value of 8.80% is 217.7% above this benchmark. While the company's 10-year median is 6.49 vs. the industry median of 2.77, 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 Earnings Yield (Joel Greenblatt) % for a Capital Markets company?
The median Earnings Yield (Joel Greenblatt) % among Capital Markets companies is 2.77, based on 778 companies in the industry. Companies in the top quartile (top 25%) have a Earnings Yield (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, Earnings Yield (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PJT Partners's current Earnings Yield (Joel Greenblatt) % of 8.80% is 217.7% 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 Earnings Yield (Joel Greenblatt) % mean?
A high Earnings Yield (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on PJT Partners and its competitors. For the Capital Markets industry, the median Earnings Yield (Joel Greenblatt) % is 2.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PJT Partners's current Earnings Yield (Joel Greenblatt) % is 8.80%, which is 36% above median its own 10-year median of 6.49. 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 Modestly Undervalued. The stock's GF Value™ is $219.61, compared to a current price of $178.86 — trading 18.6% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 8.80%, which is 36% above median its 10-year median of 6.49 and 217.7% above the Capital Markets industry median of 2.77. PJT Partners' overall GF Score™ is 91/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Earnings Yield (Joel Greenblatt) % calculated?
Earnings Yield (Joel Greenblatt) % is calculated from a company's financial statements. For PJT Partners (PJT), the current Earnings Yield (Joel Greenblatt) % is 8.80% as of Jun. 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 $178.86 is trading 18.6% below its estimated GF Value™ of $219.61.
GuruFocus considers PJT Partners to be Modestly Undervalued.
Key valuation signals for PJT:
Earnings Yield (Joel Greenblatt) %: 8.80% (36% above median its 10-year median of 6.49)
GF Value™: $219.61 vs. price of $178.86 (18.6% below fair value)
Industry Position: 217.7% above the Capital Markets median (#252 of 778)
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.
91GF Score
Get the complete analysis for PJT
Earnings Yield (Joel Greenblatt) % 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 
