PJT PartnersPJT +4.53%90 Return-on-Tangible-Equity is 262.88% as of Mar. 2026, which is 33% below its 10-year median of 393.49. GuruFocus rates PJT with a GF Score™ of 90/100 and a GF Value™ of $174.65 (Fairly Valued). The stock has 3 warning signs investors should review. Among 782 Capital Markets companies, PJT Partners ranks better than 96.16% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. PJT Partners's annualized net income for the quarter that ended in Mar. 2026 was $242 Mil. PJT Partners's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $92 Mil. Therefore, PJT Partners's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 262.88%.
The historical rank and industry rank for PJT Partners's Return-on-Tangible-Equity or its related term are showing as below:
PJT'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 305.88 Med: 393.49 Max: 754.55
Current: 754.55
During the past 13 years, PJT Partners's highest Return-on-Tangible-Equity was 754.55%. The lowest was 305.88%. And the median was 393.49%.
PJT's Return-on-Tangible-Equity is ranked better than 96.16% of 782
companies
in the Capital Markets industry
Industry Median: 6.485
vs PJT: 754.55
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
PJT Partners Return-on-Tangible-Equity Related Terms
PJT Partners Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for PJT Partners's Return-on-Tangible-Equity 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 LAZ, MKTX, MIAX: Return-on-Tangible-Equity Comparison
For the Capital Markets subindustry, PJT Partners's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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 Return-on-Tangible-Equity vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, PJT Partners's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where PJT Partners's Return-on-Tangible-Equity 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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 262.88% mean?
PJT Partners (PJT) has a Return-on-Tangible-Equity of 262.88% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on PJT Partners and its competitors. This is 33% below median its historical median of 393.49. Over the past decade, PJT Partners' Return-on-Tangible-Equity has ranged from 305.88 to 754.55. According to the industry distribution chart, PJT Partners ranks #30 out of 782 companies in the Capital Markets industry, placing it in the top 3.8%.
Is PJT Partners' Return-on-Tangible-Equity too high?
PJT Partners' current Return-on-Tangible-Equity of 262.88% is 33% below median its 10-year median of 393.49. Over the past 10 years, this metric has ranged from a low of 305.88 to a high of 754.55. The Capital Markets industry median Return-on-Tangible-Equity is 6.49. PJT Partners' value of 262.88% is 3953.7% above this industry median. Based on the distribution chart, PJT Partners ranks #30 out of 782 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, PJT Partners has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PJT Partners' Return-on-Tangible-Equity compare to LAZ and MKTX?
According to the Capital Markets industry distribution chart, PJT Partners ranks #30 out of 782 companies for Return-on-Tangible-Equity. This places PJT Partners in the top 4% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.49. PJT Partners' value of 262.88% is 3953.7% above this benchmark. Historically, PJT Partners' own Return-on-Tangible-Equity has ranged from 305.88 to 754.55 over the past decade. While the company's 10-year median is 393.49 vs. the industry median of 6.49, 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 Return-on-Tangible-Equity for a Capital Markets company?
The median Return-on-Tangible-Equity among Capital Markets companies is 6.49, based on 782 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PJT Partners's current Return-on-Tangible-Equity of 262.88% is 3953.7% 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 Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on PJT Partners and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Equity is 6.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PJT Partners's current Return-on-Tangible-Equity is 262.88%, which is 33% below median its own 10-year median of 393.49. 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 Fairly Valued. The stock's GF Value™ is $174.65, compared to a current price of $162.99 — trading 6.7% below its estimated fair value. The current Return-on-Tangible-Equity is 262.88%, which is 33% below median its 10-year median of 393.49 and 3953.7% above the Capital Markets industry median of 6.49. 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 Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For PJT Partners (PJT), the current Return-on-Tangible-Equity is 262.88% 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 $162.99 is trading 6.7% below its estimated GF Value™ of $174.65.
GuruFocus considers PJT Partners to be Fairly Valued.
Key valuation signals for PJT:
Return-on-Tangible-Equity: 262.88% (33% below median its 10-year median of 393.49)
GF Value™: $174.65 vs. price of $162.99 (6.7% below fair value)
Industry Position: 3953.7% above the Capital Markets median (#30 of 782)
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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