PJT Partners price to free cash flow PJT

Market value divided by free cash flow over the last twelve months, since 2016.

Today, Oct 23, 2026: 5.4×
10-year median: 7.2×
Against its 10-year history: 15th; percentile: 0 is its lowest day, 100 its highest
10-year range: 3.1× to 23.6×
Peer median: 11.6×

PJT Partners' price to free cash flow is 5.4× as of Oct 23, 2026.

That is below its ten-year median of 7.2×, lower than on 85% of days in the last ten years.

Over that time it ranged from 3.1× in Mar 2020 to 23.6× in Feb 2017.

The median for 10 asset managers of a similar size is 11.6×.

Price to free cash flow over time

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	5.4×	5.3×	8.5×
2025	7.8×	5.6×	9.6×
2024	8.3×	5.0×	9.1×
2023	8.9×	6.0×	8.9×
2022	6.8×	5.1×	13.3×
2021	6.0×	3.5×	7.3×
2020	4.3×	3.1×	14.1×
2019	12.2×	6.0×	12.2×
2018	5.7×	5.3×	13.2×
2017	9.4×	5.8×	23.6×
2016	19.4×	18.3×	19.6×

Against its peers

Companies in Asset Management nearest PJT Partners' size, closest first, today.

Company	Price to free cash flow
PJTPJT Partners	5.4×
CNSCohen & Steers	53.4×
AAMIAcadian Asset Management	n/m
ABAlliancebernstein	n/m
LAZLazard	6.2×
FHIFederated Hermes	11.6×
MCMoelis	9.8×
HLNEHamilton Lane INC	12.4×
HASIHA Sustainable Infrastructure Capital	n/m
APAMArtisan Partners Asset Management	10.5×
GCMGGCM Grosvenor	13.5×
Peer median	11.6×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on PJT Partners

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.