NAS10030,808+1.00%S&P7,723+0.73%GOLD$4,184+0.52%BTC$86,009−0.55%VIX16.17+5.62%live tape · as of 13:03 UTC
The Screen · Financials · Capital Markets
PJT Partners Inc.
PJT · the NYSE · USD · Market cap $6.2B · 1,224 employees
PJT Partners Inc., an investment bank, provides various strategic advisory, shareholder advisory, capital markets advisory, and restructuring and special situations services to corporations, financial sponsors, instituti…
FAIL · Does not pass the screen
144.84 USD
Screen close, 2026-09-29 · not a live quote Last reviewed 6 days ago
Screened 2026-09-29 · the tape above runs as of 13:03 UTC · two dates, stated on purpose · verdict and workings shown in full · never trimmed
PRICE · FAIR-VALUE RANGE1M3M6MYTD1Y3Y5Y
What this means: price 144.84 against the desk's fair-value range, base estimate 165.01, over the last year.
Positioning no disclosures inside 60 days, left as found
Options no verdict drawn today, left as found
Ethical does not pass the values gate
Price144.84 USD
Fair value165.01
Ethical score30.0/100
Our investment reviews on this name
2026-10-02Read Markdown144.84+0.0% to today
2026-08-08Read Markup172.75-16.2% to today
2026-07-02Read Accumulation152.37-4.9% to today
Our analytic regime reads on this name, dated and marked against the screened price. Small sample per name, and separate from the daily-framework accuracy on the Track Record page.
PJT Partners Inc. holds its Markdown at $144.84. Elevated stress, defensive posture warranted, held for 268 days.
As held on the ledger · 2026-09-29
Phase
Markdown · caution
Quantitative state
Elevated stress, defensive posture warranted, held for 268 days
Price at the screen
$144.84
Valuation
19.73 trailing · 15.97 forward price to earnings
Values screen
FAIL· score 30.0
Beta
0.83
The Workings
Five Screens, Shown in Full
Does not pass. Prohibited keyword in sector/industry: financial services
Test
Figure
Limit
What it means
Status
Business activity
Excluded
Core business clean
Prohibited keyword in sector/industry: financial services
Fail
Debt load
Excluded
Below 33%
Interest-bearing debt is of its assets, above the one-third ceiling the screen allows.
Fail
Interest-bearing cash
Excluded
Below 33%
Interest-bearing cash and securities are of assets, above the one-third limit.
Fail
Receivables
Excluded
Below 49%
Money owed to the company is of assets, above the 49% limit.
Fail
Revenue purity
Excluded
Below 5%
of revenue comes from non-compliant sources, over the 5% line.
Fail
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
The Ethical Read
Why It Falls Short, in Plain English
PJT Partners does not clear the screen at the business-activity stage. It operates in conventional financial services, which the screen treats as interest-based, so the financial ratios are not the deciding factor here.
Read as at 2026-10-04. It updates when the underlying figures move, and past reads are kept below.
Fair value range in USD, drawn from the 2026-09-29 screen. The gold marker is the market price at the same screen. A 13.9% margin of safety to the base estimate.
Third-party analyst targets: 5 covering, consensus None. The average target sits +34% from the screen price.
Reading the gap · Both our model and the analysts see meaningful upside from here.
Price History & Projections
Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-09-29 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Why this advisory firm fails our screen
Picture a Wall Street dealmaker guiding billion-dollar restructurings and sponsor exits through every cycle. PJT Partners delivers exactly that service, yet we pass without hesitation. The ethical screen flags the entire financial services sector on principle, and no set of returns overrides that line.
Revenue is rising 29 percent with a 37 percent return on equity, yet the shares trade 6 percent above our fair value and carry a forward multiple of 19.4 times. Analyst targets sit higher, but the opportunity rating stays at none once the ethical filter is applied. Profit margins of 10 percent look respectable until the sector itself is off-limits.
Cyclical deal flow can swing sharply with credit markets and M&A volumes, turning strong years into lean ones without warning. Currency and regulatory shifts add further pressure in advisory work. Analysis, not advice.
The risks · The main risks here are ordinary market swings and the chance our fair-value read proves too optimistic.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
PJT trades on the NYSE. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-10-02Markdown · changed$144.84-17.9%Entry 6
The framework has shifted from markup to markdown since the last review. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 17.9% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading neutral. Over the past year the shares are up 3%. Our forward projection puts the odds of a 10% gain over the next month near 24%. The street (5 analysts) rates it hold, with a mean price target of $170. Since the last review it its composite score rose.
2026-09-09Markup$176.41+2.1%Entry 5
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 2.1% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading neutral. Over the past year the shares are up 3%. Our forward projection puts the odds of a 10% gain over the next month near 24%. The street (5 analysts) rates it hold, with a mean price target of $170.
2026-08-08Markup · changed$172.75+13.4%Entry 4
The framework has shifted from accumulation to markup since the last review. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 13.4% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading neutral. Over the past year the shares are up 3%. Our forward projection puts the odds of a 10% gain over the next month near 24%. The street (5 analysts) rates it hold, with a mean price target of $170.
2026-07-18Accumulation$152.37+0.0%Entry 3
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading neutral. Over the past year the shares are up 3%. Our forward projection puts the odds of a 10% gain over the next month near 24%. The street (5 analysts) rates it hold, with a mean price target of $170.
2026-07-03Accumulation$152.37+0.0%Entry 2
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns.
2026-07-02Accumulation$152.37Entry 1
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
