PJT PartnersPJT -0.50%90 Gross Margin % is 32.98% as of Mar. 2026, which is 8% above its 10-year median of 30.52. 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. Among 617 Capital Markets companies, PJT Partners ranks worse than 61.43% on this metric.
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
PJT Partners had a gross margin of 32.98% for the quarter that ended in Mar. 2026 => Competition eroding margins
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
PJT Partners Gross Margin % Related Terms
PJT Partners Gross Margin % Historical Data
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The historical data trend for PJT Partners's Gross Margin % 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 Gross Margin %, along with its competitors' market caps and Gross Margin % 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 Gross Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, PJT Partners's Gross Margin % distribution charts can be found below:
* The bar in red indicates where PJT Partners's Gross Margin % 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
PJT Partners (PJT) has a Gross Margin % of 32.98% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on PJT Partners and its competitors. This is near median its historical median of 30.52. Over the past decade, PJT Partners' Gross Margin % has ranged from 21.58 to 35.48. According to the industry distribution chart, PJT Partners ranks #379 out of 617 companies in the Capital Markets industry, placing it in the top 61.4%.
Is PJT Partners' Gross Margin % too high?
PJT Partners' current Gross Margin % of 32.98% is near median its 10-year median of 30.52. Over the past 10 years, this metric has ranged from a low of 21.58 to a high of 35.48. The Capital Markets industry median Gross Margin % is 48.30. PJT Partners' value of 32.98% is 31.7% below this industry median. Based on the distribution chart, PJT Partners ranks #379 out of 617 companies in the Capital Markets industry, which is below the industry midpoint. 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' Gross Margin % compare to MRX and VIRT?
According to the Capital Markets industry distribution chart, PJT Partners ranks #379 out of 617 companies for Gross Margin %. This places PJT Partners in the lower half of its industry. The industry median Gross Margin % is 48.30. PJT Partners' value of 32.98% is 31.7% below this benchmark. Historically, PJT Partners' own Gross Margin % has ranged from 21.58 to 35.48 over the past decade. While the company's 10-year median is 30.52 vs. the industry median of 48.30, 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 Gross Margin % for a Capital Markets company?
The median Gross Margin % among Capital Markets companies is 48.30, based on 617 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PJT Partners's current Gross Margin % of 32.98% is 31.7% 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 Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on PJT Partners and its competitors. For the Capital Markets industry, the median Gross Margin % is 48.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PJT Partners's current Gross Margin % is 32.98%, which is near median its own 10-year median of 30.52. 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 Gross Margin % is 32.98%, which is near median its 10-year median of 30.52 and 31.7% below the Capital Markets industry median of 48.30. 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 Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For PJT Partners (PJT), the current Gross Margin % is 32.98% 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:
Gross Margin %: 32.98% (near median its 10-year median of 30.52)
GF Value™: $175.86 vs. price of $151.63 (13.8% below fair value)
Industry Position: 31.7% below the Capital Markets median (#379 of 617)
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.
90GF Score
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