2 Reasons to Like PJT (and 1 Not So Much)

By Jabin Bastian | January 21, 2026, 11:03 PM

PJT Cover Image

PJT has been treading water for the past six months, recording a small return of 3.8% while holding steady at $191.32.

Is now the time to buy PJT? Find out in our full research report, it’s free.

Why Does PJT Stock Spark Debate?

Spun off from Blackstone in 2015 and founded by former Morgan Stanley executive Paul J. Taubman, PJT Partners (NYSE:PJT) is an advisory-focused investment bank that provides strategic advice, restructuring services, and fundraising solutions to corporations, boards, and investment firms.

Two Positive Attributes:

1. Long-Term Revenue Growth Shows Strong Momentum

A company’s long-term sales performance is one signal of its overall quality. Any business can put up a good quarter or two, but the best consistently grow over the long haul.

Luckily, PJT’s revenue grew at a solid 11.1% compounded annual growth rate over the last five years. Its growth surpassed the average financials company and shows its offerings resonate with customers.

PJT Quarterly Revenue

2. EPS Surges Higher Over the Last Two Years

While long-term earnings trends give us the big picture, we also track EPS over a shorter period because it can provide insight into an emerging theme or development for the business.

PJT’s EPS grew at an astounding 36.8% compounded annual growth rate over the last two years, higher than its 22.4% annualized revenue growth. This tells us the company became more profitable on a per-share basis as it expanded.

PJT Trailing 12-Month EPS (Non-GAAP)

One Reason to be Careful:

Growing TBVPS Reflects Strong Asset Base

In the financials industry, tangible book value per share (TBVPS) provides the clearest picture of shareholder value, as it focuses on concrete assets while excluding intangible items that may not hold value during challenging times.

Although PJT’s TBVPS declined at a 188% annual clip over the last five years. the good news is that its growth inflected positive over the past two years as TBVPS grew at an incredible 116% annual clip (from $0.25 to $1.16 per share).

PJT Quarterly Tangible Book Value per Share

Final Judgment

PJT has huge potential even though it has some open questions, but at $191.32 per share (or 25.4× forward P/E), is now the time to initiate a position? See for yourself in our comprehensive research report, it’s free.

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