PJT Partners Inc. (PJT) Fair Value 2026

PJT · Capital Markets ·

By CirclFi Research Team · Data from SEC EDGAR, FRED & GDELT

Quality Score

8.2 /10

32 fundamental signals · 5 models active

Value Trap Risk

SAFE (21/100)

Quick Summary — As of 2026-08-27, PJT Partners Inc. (PJT) trades at $178.66, versus a $44.73 median fair value across its 5 active models — 75.0% below the current price. QOC: 8.2/10. Value Trap Risk: 21/100 (SAFE). 5/13 models active.

Key Facts

Ticker
PJT
Price
$178.66
Quality Score
8.2/10
Value Trap Risk
21/100
Models Active
5/13
Last Updated
Strength: Quality Score of 8.2/10 indicates strong fundamentals
Risk: Majority of models suggest overvaluation

Is PJT Partners Inc. (PJT) Undervalued or Overvalued in 2026?

According to CirclFi’s 5-model valuation engine, PJT Partners Inc. (PJT) appears overvalued as of : the median of 5 independent fair value estimates is $44.73, 75.0% below the current price of $178.66. Estimates range from $31.97 to $185.74. PJT scores 8.2/10 on fundamental quality and 21/100 on value-trap risk.

For context, the median US equity CirclFi rates trades at an implied -23.7% versus its own 13-model consensus, across 3,801 rated companies as of 2026-08-27. PJT’s -75.0% gap is wider than that market norm, and the Capital Markets sector median is -34.6%. Full market index →

This verdict compares price to intrinsic value only — it is not a buy or sell rating. For the decision case (bull vs bear arguments, risk factors, peers), read Should You Buy PJT Partners Inc. Stock in 2026? →

What Fair Value Does Each Model Give PJT?

5 Intrinsic Value Models vs. Current Price ($178.66)

Core Models (Unlocked)
Model Fair Value Upside
Intrinsic · High Conviction
 $31.97 -82.1%
Ensemble · Low Conviction
 $58.68 -67.2%
Unlock the Full Matrix

Access 3 additional models including Markov DDM, Regime Cross-Sectional, and more.

$1.30 / day

Billed monthly ($39/mo) or annually ($299/yr)

Unlock All 5 Models →

Cancel anytime · No contracts · Instant access

What Is PJT's Fair Value Range?

Spread across 5 independent models · $31.97 to $185.74

CirclFi's 5 active models place PJT Partners Inc. (PJT) between $31.97 and $185.74 per share, a spread of 344% of the median. The median of that range — $44.73 — is the fair value CirclFi publishes for PJT, against a current price of $178.66.

Low · EPVHigh · Regime Cross
$31.97median $44.73$185.74
Where the range comes from
Most bearish modelEarnings Power Value (EPV)$31.97
Most bullish modelRegime Cross-Sectional$185.74
Model agreement0 bullish · 4 bearishwide

A band this wide is itself the finding. When independent methods land far apart, they are reading a business whose value depends heavily on which lens you apply — volatile earnings, heavy reinvestment, or an asset base that cash-flow and asset-based methods score differently. That disagreement is information: it says the choice of method matters more than usual for PJT. Treat the median as one reading among several and compare the individual models below before acting.

Every figure above is one model's standalone output on PJT, not a CirclFi price target. How each model works →

What Is PJT Partners Inc. (PJT) Worth in 2026?

According to the CirclFi Deep Alpha Valuation Engine, PJT Partners Inc.'s intrinsic value is estimated at $44.73. Trading at its current price of $178.66, the valuation engine raises significant caution: 4 of 5 models flag downside risk, projecting a median implied return of -75.0%. Notably, Regime Cross sees the most upside at +4.0% (fair value: $185.74), while EPV is the most conservative at -82.1% ($31.97). The spread between these extremes — +86.1% — reveals how different analytical frameworks can reach starkly different conclusions.

What Do the Models Say About PJT?

5 of 13 models are currently active for PJT. Of these, 1 model suggests upside while 4 models suggest overvaluation. Taken together, their median fair value for PJT is $44.73 — the figure CirclFi publishes as this stock's fair value. See which stocks rank higher →

How Does PJT Rank in Capital Markets?

Among 103 Capital Markets stocks, PJT ranks #12 by Quality of Company score. CirclFi's QOC score of 8.2/10 evaluates 32 fundamental signals. A score of 8.2 places PJT in the top tier.

See all Most Undervalued Capital Markets Stocks →

PJT Partners Inc.'s positioning within the Capital Markets segment means that loan loss provisions plays an outsized role in fundamental analysis. The sector's unique characteristics — including interest rate environment — shape both the opportunity set and risk profile.

Is PJT a Value Trap?

CirclFi's Value Trap algorithm assigns PJT a score of 21/100 (SAFE). This indicates minimal risk. Fundamentals are healthy. The score cross-references apparent undervaluation against fundamental deterioration signals. Browse lowest value-trap stocks →

Multi-Model Methodology

5 of 13 models are active for PJT Partners Inc.. Limited activation may indicate insufficient history. Each model applies a fundamentally different valuation philosophy. See the complete methodology →

According to the CirclFi Deep Alpha Valuation Engine, PJT Partners Inc. scores 8.2 out of 10 on our 32-signal quality assessment, a strong rating that demonstrates strong fundamentals across the majority of our quality signals. The QOC score synthesizes profitability margins, revenue growth reliability, debt management, and capital allocation into a single metric designed to separate durable businesses from statistically cheap ones.

The gap between the most bullish and bearish model spans +86.1% — demonstrating why single-model analysis is dangerous. Browse all stocks with 13-model coverage →

Data Sources & Confidence

Every PJT valuation is built from SEC EDGAR XBRL filings — 700+ standardized financial tags. Macroeconomic context from FRED calibrates discount rates, while GDELT news sentiment feeds into our Sentiment SOTP model. All pipelines run daily. Read the complete data methodology →

Across PJT's 5 active models, average confidence is 35%. Lower confidence may reflect limited history or high volatility.

CirclFi's output is a research starting point, not a buy/sell signal. All data updates daily. Read the full methodology →

This analysis is produced by the CirclFi Valuation Engine using quantitative models applied to SEC EDGAR filings, public market feeds, and FRED macroeconomic indicators. It is not financial advice.

Read the full investment analysis: Should You Buy PJT Partners Inc. Stock in 2026? →

Bull case, bear case, risk factors & peer comparison — updated daily

Which Similar Capital Markets Stocks Should You Also Analyze?

11 related Capital Markets stocks with 13-model coverage

MKTXMarketAxess Holdings Inc.QOC 8.3BGCBGC Group, Inc.QOC 8.2SIEBSiebert Financial Corp.QOC 8.6GRANGrande Group LimitedQOC 8.0EVREvercore Inc.QOC 8.6IRENIREN LimitedQOC 7.9RIOTRiot Platforms, Inc.QOC 6.6ABTCAmerican Bitcoin CorpQOC 5.3MGTIMGT Capital Investments, Inc.QOC 3.5FUTUFutu Holdings LimitedQOC 9.8HOODRobinhood Markets, Inc.QOC 9.7

Read investment analysis: MKTX · BGC · SIEB · GRAN · EVR · IREN · RIOT · ABTC · MGTI · FUTU · HOOD

Which Other Stocks Have a Similar Quality Score to PJT?

7 companies across all industries closest to PJT’s Quality of Company score of 8.2/10.

ZSZscaler, Inc.QOC 8.2MITTTPG Mortgage Investment Trust, Inc.QOC 8.2NBBKNB Bancorp, Inc.QOC 8.2ICFIICF International, Inc.QOC 8.2VRRMVerra Mobility CorporationQOC 8.2YUMYum! Brands, Inc.QOC 8.2NVDANVIDIA CorporationQOC 10.0

Read investment analysis: ZS · MITT · NBBK · ICFI · VRRM · YUM · NVDA

Where Does PJT Sit in CirclFi's Capital Markets Rankings?

PJT is ranked against every other Capital Markets stock CirclFi covers in each of these screens.

See all Capital Markets stocks ranked →

What Else Do Investors Ask About PJT Partners Inc.’s Valuation?

What is PJT Partners Inc.'s intrinsic value in 2026?

CirclFi puts PJT Partners Inc. (PJT)'s intrinsic value at $44.73 — the median of 5 independent model estimates as of 2026-08-27, ranging from $31.97 to $185.74. The Quality of Company score is 8.2/10 across 32 fundamental signals. All models use SEC EDGAR filings updated daily. See our methodology page for how each model works.

Is PJT overvalued or undervalued right now?

At $178.66, 1 of 5 active models suggest PJT may be undervalued, while 4 indicate potential overvaluation. The median of all 5 fair value estimates is $44.73, 75.0% below the current price of $178.66 — a consensus view that PJT is overvalued. The assessment depends on which methodology best fits PJT Partners Inc.'s business model in Capital Markets.

What does a Quality of Company score of 8.2 mean for PJT?

PJT Partners Inc.'s QOC of 8.2/10 reflects 32 fundamental signals: profitability margins, revenue growth consistency, balance sheet leverage, free cash flow generation, and capital allocation efficiency. Scores above 7 indicate strong fundamentals and disciplined management.

How many valuation models does CirclFi run on PJT?

CirclFi analyzes PJT with 13 institutional-grade models daily: Bayesian DCF (Monte Carlo + jump-diffusion), EPV (Greenwald zero-growth), EROIC Spread (McKinsey reinvestment), First Chicago (3-scenario), Markov DDM (regime-switching), ML-RIV (machine learning residual income), Dynamic NAV (asset-based), PWERM (option-theoretic), Regime Cross-Sectional (relative), Sentiment SOTP (hybrid), CUCE Ensemble (meta-model), FTNN Topology (neural network), and RCMH-DCF (conditional regime). Currently 5 of 13 are active for this stock. Read the full methodology →

Which valuation models are most bullish and most bearish on PJT?

Of the 5 models currently active on PJT, Regime Cross-Sectional is the most bullish at $185.74 per share, and Earnings Power Value (EPV) is the most bearish at $31.97. CirclFi's published fair value for PJT is the median of that range, $44.73, not either extreme. The gap between the two ends equals 344% of the median — a wide spread, meaning the methods genuinely disagree and the median should carry less weight. Browse stocks by value-trap risk →

Is PJT a value trap in 2026?

PJT Partners Inc.'s Value Trap score is 21/100 (SAFE). This low score indicates the current valuation is not artificially depressed by fundamental deterioration, suggesting genuine opportunity rather than a trap.

Cite this analysis — “According to CirclFi’s 5-model valuation engine, PJT Partners Inc. (PJT) has a median fair value of $44.73 — 75.0% below the current price of $178.66 — as of 2026-08-27.” Source: circlfi.com/stock/PJT/ · Methodology
Primary sources for this PJT valuation
  • Financial statements: PJT Partners Inc. 10-K and 10-Q filings on SEC EDGAR (CIK 0001626115) — 700+ standardized XBRL tags, published by the U.S. Securities and Exchange Commission.
  • Discount-rate inputs: FRED, Federal Reserve Bank of St. Louis — risk-free rates, VIX, yield curve, inflation.
  • News sentiment: The GDELT Project — global media tone, input to the Sentiment SOTP model.
  • Model definitions: CirclFi methodology — the published specification for all 13 models, including the academic sources each one implements.

Market data for PJT as of ; valuations recomputed .

You’ve done the research. Don’t stop at half the picture.

Stop collecting opinions. Let 5 mathematical frameworks give you clarity on PJT.

Unlock All 5 Fair Values — $39/mo

Cancel anytime · Less than a cup of coffee · Instant access

3 models hidden for PJT Unlock All 5 — $39/mo