PJT PartnersPJT -0.50%90 Operating Margin % is 20.49% as of Mar. 2026, which is 12% above its 10-year median of 18.28. 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 664 Capital Markets companies, PJT Partners ranks better than 60.99% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. PJT Partners's Operating Income for the
three
months ended in Mar. 2026 was $86 Mil. PJT Partners's Revenue for the
three
months ended in Mar. 2026 was $418 Mil. Therefore, PJT Partners's Operating Margin % for the quarter that ended in Mar. 2026 was 20.49%.
Warning Sign:
PJT Partners Inc operating margin has been in a 5-year decline. The average rate of decline per year is -5.7%.
The historical rank and industry rank for PJT Partners's Operating Margin % or its related term are showing as below:
PJT'
s Operating Margin % Range Over the Past 10 Years
Min: 5.82 Med: 18.28 Max: 26.09
Current: 21.58
PJT's Operating Margin % is ranked better than 60.99% of 664
companies
in the Capital Markets industry
Industry Median: 6.955
vs PJT: 21.58
PJT Partners's 5-Year Average Operating Margin % Growth Rate was -5.70% per year.
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
PJT Partners Operating Margin % Related Terms
PJT Partners Operating Margin % Historical Data
* Premium members only.
The historical data trend for PJT Partners's Operating 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.
PJT vs MRX, VIRT, MIAX: Operating Margin % Comparison
For the Capital Markets subindustry, PJT Partners's Operating Margin %, along with its competitors' market caps and Operating 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 Operating Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, PJT Partners's Operating Margin % distribution charts can be found below:
* The bar in red indicates where PJT Partners's Operating Margin % falls into.
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
PJT Partners's Operating Margin % for the fiscal year that ended in Dec. 2025 is calculated as
* 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 (PJT) has a Operating Margin % of 20.49% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on PJT Partners and its competitors. This is 12% above median its historical median of 18.28. Over the past decade, PJT Partners' Operating Margin % has ranged from 5.82 to 26.09. According to the industry distribution chart, PJT Partners ranks #259 out of 664 companies in the Capital Markets industry, placing it in the top 39%.
Is PJT Partners' Operating Margin % too high?
PJT Partners' current Operating Margin % of 20.49% is 12% above median its 10-year median of 18.28. Over the past 10 years, this metric has ranged from a low of 5.82 to a high of 26.09. The Capital Markets industry median Operating Margin % is 6.96. PJT Partners' value of 20.49% is 194.6% above this industry median. Based on the distribution chart, PJT Partners ranks #259 out of 664 companies in the Capital Markets industry, which is above 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' Operating Margin % compare to MRX and VIRT?
According to the Capital Markets industry distribution chart, PJT Partners ranks #259 out of 664 companies for Operating Margin %. This puts PJT Partners in the upper half of its industry. The industry median Operating Margin % is 6.96. PJT Partners' value of 20.49% is 194.6% above this benchmark. Historically, PJT Partners' own Operating Margin % has ranged from 5.82 to 26.09 over the past decade. While the company's 10-year median is 18.28 vs. the industry median of 6.96, 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 Operating Margin % for a Capital Markets company?
The median Operating Margin % among Capital Markets companies is 6.96, based on 664 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PJT Partners's current Operating Margin % of 20.49% is 194.6% 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 Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on PJT Partners and its competitors. For the Capital Markets industry, the median Operating Margin % is 6.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PJT Partners's current Operating Margin % is 20.49%, which is 12% above median its own 10-year median of 18.28. 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 Operating Margin % is 20.49%, which is 12% above median its 10-year median of 18.28 and 194.6% above the Capital Markets industry median of 6.96. 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 Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For PJT Partners (PJT), the current Operating Margin % is 20.49% 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:
Operating Margin %: 20.49% (12% above median its 10-year median of 18.28)
GF Value™: $175.86 vs. price of $151.63 (13.8% below fair value)
Industry Position: 194.6% above the Capital Markets median (#259 of 664)
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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