PJT Partners Inc (PJT) - Net Assets
Based on the latest financial reports, PJT Partners Inc (PJT) has net assets worth $930.44 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.72 Billion) and total liabilities ($788.70 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check PJT cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $930.44 Million |
| % of Total Assets | 54.12% |
| Annual Growth Rate | 10.48% |
| 5-Year Change | 31.08% |
| 10-Year Change | 2710.61% |
| Growth Volatility | 49.34 |
PJT Partners Inc - Net Assets Trend (2013–2024)
This chart illustrates how PJT Partners Inc's net assets have evolved over time, based on quarterly financial data. Also explore PJT asset base for the complete picture of this company's asset base.
Annual Net Assets for PJT Partners Inc (2013–2024)
The table below shows the annual net assets of PJT Partners Inc from 2013 to 2024. For live valuation and market cap data, see market cap of PJT Partners Inc.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $901.64 Million | +4.70% |
| 2023-12-31 | $861.16 Million | +13.38% |
| 2022-12-31 | $759.56 Million | +19.13% |
| 2021-12-31 | $637.57 Million | -7.31% |
| 2020-12-31 | $687.85 Million | +19.73% |
| 2019-12-31 | $574.52 Million | +17.79% |
| 2018-12-31 | $487.75 Million | +15.46% |
| 2017-12-31 | $422.45 Million | +5035.21% |
| 2016-12-31 | $-8.56 Million | -126.68% |
| 2015-12-31 | $32.08 Million | -90.35% |
| 2014-12-31 | $332.32 Million | +10.29% |
| 2013-12-31 | $301.33 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to PJT Partners Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 22859400000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $228.59 Million | 122.23% |
| Common Stock | $340.00K | 0.18% |
| Other Comprehensive Income | $-1.66 Million | -0.89% |
| Total Equity | $187.01 Million | 100.00% |
PJT Partners Inc Competitors by Market Cap
The table below lists competitors of PJT Partners Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sumber Alfaria Trijaya Tbk
JK:AMRT
|
$3.70 Billion |
|
China Film Co Ltd
SHG:600977
|
$3.70 Billion |
|
China Railway Construction Heavy Industry Corp Ltd
SHG:688425
|
$3.70 Billion |
|
Allied Gold Corporation
TO:AAUC
|
$3.70 Billion |
|
MANDARIN ORIENTAL DL-05
F:1C4
|
$3.70 Billion |
|
Fosun International Limited
F:FNI
|
$3.69 Billion |
|
Otter Tail Corporation
NASDAQ:OTTR
|
$3.69 Billion |
|
Wynn Macau Limited
F:8WY
|
$3.69 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PJT Partners Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 244,669,000 to 187,013,000, a change of -57,656,000 (-23.6%).
- Net income of 134,393,000 contributed positively to equity growth.
- Dividend payments of 24,131,000 reduced retained earnings.
- Share repurchases of 235,104,000 reduced equity.
- Other comprehensive income decreased equity by 1,194,000.
- Other factors increased equity by 68,380,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $134.39 Million | +71.86% |
| Dividends Paid | $24.13 Million | -12.9% |
| Share Repurchases | $235.10 Million | -125.72% |
| Other Comprehensive Income | $-1.19 Million | -0.64% |
| Other Changes | $68.38 Million | +36.56% |
| Total Change | $- | -23.56% |
Book Value vs Market Value Analysis
This analysis compares PJT Partners Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 35.88x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 9.07x to 35.88x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | $16.77 | $152.14 | x |
| 2014-12-31 | $18.50 | $152.14 | x |
| 2015-12-31 | $1.76 | $152.14 | x |
| 2016-12-31 | $-0.48 | $152.14 | x |
| 2017-12-31 | $-8.48 | $152.14 | x |
| 2018-12-31 | $-2.30 | $152.14 | x |
| 2019-12-31 | $1.25 | $152.14 | x |
| 2020-12-31 | $3.58 | $152.14 | x |
| 2021-12-31 | $2.84 | $152.14 | x |
| 2022-12-31 | $6.95 | $152.14 | x |
| 2023-12-31 | $9.14 | $152.14 | x |
| 2024-12-31 | $4.24 | $152.14 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PJT Partners Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 71.86%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.00%
- • Asset Turnover: 0.91x
- • Equity Multiplier: 8.74x
- Recent ROE (71.86%) is above the historical average (36.01%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -5.70% | -4.33% | 1.24x | 1.06x | $-47.31 Million |
| 2014 | 1.35% | 1.12% | 1.15x | 1.05x | $-28.74 Million |
| 2015 | 23.62% | 1.87% | 0.87x | 14.57x | $4.37 Million |
| 2016 | 0.00% | -0.61% | 0.85x | 0.00x | $-2.18 Million |
| 2017 | 0.00% | -6.52% | 0.89x | 0.00x | $-16.83 Million |
| 2018 | 0.00% | 4.68% | 0.86x | 0.00x | $35.82 Million |
| 2019 | 94.18% | 4.12% | 0.75x | 30.35x | $26.42 Million |
| 2020 | 76.20% | 11.17% | 0.90x | 7.60x | $102.12 Million |
| 2021 | 88.30% | 10.70% | 1.00x | 8.21x | $94.14 Million |
| 2022 | 48.91% | 8.83% | 0.98x | 5.68x | $72.02 Million |
| 2023 | 33.43% | 7.09% | 0.80x | 5.86x | $57.33 Million |
| 2024 | 71.86% | 9.00% | 0.91x | 8.74x | $115.69 Million |
Industry Comparison
This section compares PJT Partners Inc's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $56,101,858
- Average return on equity (ROE) among peers: -2204.24%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PJT Partners Inc (PJT) | $930.44 Million | -5.70% | 0.85x | $3.70 Billion |
| American Bitcoin Corp (ABTC) | $58.08 Million | -0.05% | 0.01x | $408.62 Million |
| Abits Group Inc. (ABTS) | $11.31 Million | -111.43% | 0.09x | $3.73 Million |
| Sphere 3D Corp (ANY) | $118.76K | -17.52% | 0.21x | $4.44 Million |
| Argo Blockchain PLC ADR (ARBK) | $158.00K | -21922.15% | 479.63x | $957.54K |
| AtlasClear Holdings, Inc. (ATCH) | $-3.23 Million | 0.00% | 0.00x | $34.90 Million |
| Prestige Wealth Inc. (AURE) | $6.18 Million | -16.75% | 0.11x | $42.79 Million |
| Solowin Holdings (AXG) | $4.73 Million | -23.16% | 1.60x | $592.51 Million |
| BGC Group Inc. (BGC) | $427.41 Million | 5.58% | 2.83x | $3.91 Billion |
| Bitfarms Ltd (BITF) | $28.09 Million | 10.32% | 0.88x | $1.21 Billion |
| Bluemount Holdings Limited Class B Ordinary Shares (BMHL) | $28.16 Million | 32.71% | 2.92x | $49.44 Million |
About PJT Partners Inc
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, institutional investors, and governments worldwide. It offers advisory services to clients on various transactions, including mergers and acquisitions (M&A), spin-offs, activism defense, c… Read more