PJT (PJT Partners) EBIT: $390 Mil (TTM As of Mar. 2026)


PJT PJT Partners Inc PJT
90 GF Score
Price $151.63
GF Value $175.86
Valuation Modestly Undervalued
! 3 Warning Signs
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What is PJT Partners EBIT?

PJT Partners PJT -0.50% 90 EBIT is $390 Mil as of Mar. 2026. GuruFocus rates PJT with a GF Score™ of 90/100 and a GF Value™ of $175.86 (Modestly Undervalued). The stock has 3 warning signs investors should review.

PJT Partners's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $86 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $390 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. PJT Partners's annualized ROC % for the quarter that ended in Mar. 2026 was 28.28%. PJT Partners's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 48.75%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. PJT Partners's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 8.32%.


PJT Partners  (NYSE:PJT) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

PJT Partners's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=342.68 * ( 1 - 0% )/( (1234.828 + 1188.441)/ 2 )
=342.68/1211.6345
=28.28 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1843.25 - 69.564 - ( 538.858 - max(0, 77.937 - 943.18+538.858))
=1234.828

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1563.779 - 66.562 - ( 308.776 - max(0, 80.787 - 657.717+308.776))
=1188.441

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

PJT Partners's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=342.68/( ( (399.993 + max(326.385, 0)) + (411.357 + max(268.154, 0)) )/ 2 )
=342.68/( ( 726.378 + 679.511 )/ 2 )
=342.68/702.9445
=48.75 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(404.322 + 0 + 0) - (69.564 + 8.373 + 0)
=326.385

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(348.941 + 0 + 0) - (66.562 + 14.225 + 1.4210854715202E-14)
=268.154

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

PJT Partners's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=389.954/4685.496
=8.32 %

* 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 EBIT Related Terms


PJT Partners EBIT Historical Data

* Premium members only.

The historical data trend for PJT Partners's EBIT 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.

PJT Partners EBIT Chart

PJT Partners Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 245.39 231.14 197.80 289.85 362.86

PJT Partners Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT 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 58.58 81.68 96.28 126.33 85.67

PJT vs MRX, VIRT, MIAX: EBIT Comparison

For the Capital Markets subindustry, PJT Partners's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, PJT Partners's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where PJT Partners's EV-to-EBIT falls into.


PJT
90GF Score
PJT Partners Inc PJT
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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PJT Partners EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $390 Mil.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of $390 Mil mean?
PJT Partners (PJT) has a EBIT of $390 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on PJT Partners.
Is PJT Partners' EBIT too high?
PJT Partners' current EBIT is $390 Mil. Overall, PJT Partners has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PJT Partners' EBIT compare to MRX and VIRT?
PJT Partners' EBIT of $390 Mil can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Capital Markets company?
A good EBIT depends on the Capital Markets industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on PJT Partners. PJT Partners's current EBIT is $390 Mil. 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 $175.86, compared to a current price of $151.63 — trading 13.8% below its estimated fair value. The current EBIT is $390 Mil. PJT Partners' overall GF Score™ is 90/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For PJT Partners (PJT), the current EBIT is $390 Mil 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 $151.63 is trading 13.8% below its estimated GF Value™ of $175.86. GuruFocus considers PJT Partners to be Modestly Undervalued.

Key valuation signals for PJT:

  • EBIT: $390 Mil
  • GF Value™: $175.86 vs. price of $151.63 (13.8% below fair value)
  • GF Score™: 90/100 with 3 warning signs

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 Business Description

Other Exchanges 0KEC:UK
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 services, and others. Geographically, it generates maximum revenue from the United States, followed by the United Kingdom and other markets.
90GF Score

Get the complete analysis for PJT

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$151.63
Price
$175.86
GF Value