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 Partners (NYSE:PJT) Forward PE Ratio Explanation
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
PJT Partners Forward PE Ratio Related Terms
PJT Partners Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for PJT Partners's Forward PE Ratio 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 Forward PE Ratio Chart
PJT Partners Annual Data
Trend
2020-12
2021-12
2022-12
2023-12
2024-12
2025-12
Forward PE Ratio
16.53
13.57
15.36
23.70
29.51
22.82
PJT Partners Quarterly Data
2020-12
2021-03
2021-06
2021-09
2021-12
2022-03
2022-06
2022-09
2022-12
2023-03
2023-06
2023-09
2023-12
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
16.53
15.11
15.60
14.79
13.57
12.45
14.97
12.02
15.36
15.87
21.74
16.89
23.70
26.39
27.86
26.88
29.51
23.15
27.81
24.83
22.82
17.74
PJT vs LAZ, MKTX, MIAX: Forward PE Ratio Comparison
For the Capital Markets subindustry, PJT Partners's Forward PE Ratio, along with its competitors' market caps and Forward 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 Forward PE Ratio vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, PJT Partners's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where PJT Partners's Forward PE Ratio falls into.
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
PJT Partners (PJT) has a Forward PE Ratio of 22.30 as of Jul. 19, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on PJT Partners and its competitors. According to the industry distribution chart, PJT Partners ranks #154 out of 221 companies in the Capital Markets industry, placing it in the top 69.7%.
Is PJT Partners' Forward PE Ratio too high?
PJT Partners' current Forward PE Ratio is 22.30. The Capital Markets industry median Forward PE Ratio is 16.29. PJT Partners' value of 22.30 is 36.9% above this industry median. Based on the distribution chart, PJT Partners ranks #154 out of 221 companies in the Capital Markets industry, which is below 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' Forward PE Ratio compare to LAZ and MKTX?
According to the Capital Markets industry distribution chart, PJT Partners ranks #154 out of 221 companies for Forward PE Ratio. This places PJT Partners in the lower half of its industry. The industry median Forward PE Ratio is 16.29. PJT Partners' value of 22.30 is 36.9% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for a Capital Markets company?
The median Forward PE Ratio among Capital Markets companies is 16.29, based on 221 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PJT Partners's current Forward PE Ratio of 22.30 is 36.9% 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 Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on PJT Partners and its competitors. For the Capital Markets industry, the median Forward PE Ratio is 16.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PJT Partners's current Forward PE Ratio is 22.30. 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 $172.07, compared to a current price of $166.62 — trading 3.2% below its estimated fair value. The current Forward PE Ratio is 22.30 and 36.9% above the Capital Markets industry median of 16.29. 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 Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For PJT Partners (PJT), the current Forward PE Ratio is 22.30 as of Jul. 19, 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 $166.62 is trading 3.2% below its estimated GF Value™ of $172.07.
GuruFocus considers PJT Partners to be Fairly Valued.
Key valuation signals for PJT:
Forward PE Ratio: 22.30
GF Value™: $172.07 vs. price of $166.62 (3.2% below fair value)
Industry Position: 36.9% above the Capital Markets median (#154 of 221)
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
Forward PE Ratio 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 
