Partners Group Holding AG

WBAG:PGHN Stock Report

Market Cap: €33.0b

Partners Group Holding Valuation

Is PGHN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of PGHN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
€1.28k
Fair Value
1.0% undervalued intrinsic discount
14
Number of Analysts

Below Fair Value: PGHN (€1271.5) is trading below our estimate of fair value (€1284.32)

Significantly Below Fair Value: PGHN is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PGHN?

Key metric: As PGHN is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for PGHN. This is calculated by dividing PGHN's market cap by their current earnings.
What is PGHN's PE Ratio?
PE Ratio27.3x
EarningsCHF 1.13b
Market CapCHF 30.83b

Price to Earnings Ratio vs Peers

How does PGHN's PE Ratio compare to its peers?

The above table shows the PE ratio for PGHN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average41.6x
STT State Street
10.5x4.28%US$27.9b
EQT EQT
41.3x24.90%SEK 348.8b
ARES Ares Management
103.7x46.89%US$57.4b
TROW T. Rowe Price Group
11x3.85%US$21.4b
PGHN Partners Group Holding
27.3x11.32%€30.8b

Price-To-Earnings vs Peers: PGHN is good value based on its Price-To-Earnings Ratio (27.3x) compared to the peer average (41.6x).

Price to Earnings Ratio vs Industry

How does PGHN's PE Ratio compare vs other companies in the European Capital Markets Industry?

24 CompaniesPrice / EarningsEstimated GrowthMarket Cap
PGHN 27.3xIndustry Avg. 15.3xNo. of Companies46PE01632486480+
24 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: PGHN is expensive based on its Price-To-Earnings Ratio (27.3x) compared to the European Capital Markets industry average (14.8x).

Price to Earnings Ratio vs Fair Ratio

What is PGHN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PGHN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio27.3x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate PGHN's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst PGHN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€1,271.50
€1,366.05
+7.44%
13.48%€1,712.62€1,048.98n/a14
May ’26n/a
€1,370.68
0%
13.48%€1,718.43€1,052.54n/a14
Apr ’26n/a
€1,476.59
0%
7.28%€1,625.42€1,268.88n/a14
Mar ’26n/a
€1,462.67
0%
8.28%€1,704.58€1,278.44n/a14
Feb ’26n/a
€1,451.43
0%
7.93%€1,692.87€1,269.65n/a15
Jan ’26n/a
€1,379.42
0%
9.72%€1,766.84€1,199.31n/a15
Dec ’25n/a
€1,379.34
0%
9.76%€1,770.58€1,201.85n/a15
Nov ’25n/a
€1,366.96
0%
9.87%€1,760.17€1,194.78n/a15
Oct ’25n/a
€1,346.61
0%
9.24%€1,744.31€1,184.02n/a15
Sep ’25n/a
€1,358.23
0%
5.74%€1,479.25€1,223.84n/a14
Aug ’25n/a
€1,334.28
0%
5.41%€1,436.85€1,188.76n/a13
Jul ’25n/a
€1,332.03
0%
7.30%€1,506.77€1,195.02n/a13
Jun ’25n/a
€1,304.49
0%
8.72%€1,482.02€1,062.97n/a13
May ’25n/a
€1,284.83
0%
9.48%€1,481.65€1,062.70n/a13
Apr ’25n/a
€1,272.60
0%
9.16%€1,487.85€1,067.15n/a13
Mar ’25n/a
€1,240.80
0%
9.99%€1,428.09€966.06n/a14
Feb ’25n/a
€1,221.30
0%
9.36%€1,427.23€972.63n/a14
Jan ’25n/a
€1,172.91
0%
11.48%€1,377.48€919.03n/a14
Dec ’24n/a
€1,121.08
0%
11.25%€1,336.09€891.41n/a14
Nov ’24n/a
€1,090.12
0%
11.55%€1,332.36€888.93n/a14
Oct ’24n/a
€1,090.12
0%
11.55%€1,332.36€888.93n/a14
Sep ’24n/a
€1,068.59
0%
14.97%€1,562.27€901.11n/a14
Aug ’24n/a
€1,062.73
0%
14.49%€1,555.73€897.33n/a15
Jul ’24n/a
€1,015.93
0%
8.52%€1,146.80€868.27n/a14
Jun ’24n/a
€984.73
0%
16.16%€1,148.79€492.44n/a15
May ’24n/a
€962.89
0%
16.45%€1,118.69€488.27n/a14
AnalystConsensusTarget
Consensus Narrative from 14 Analysts
€1.36k
Fair Value
6.8% undervalued intrinsic discount
14
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/15 00:13
End of Day Share Price 2025/05/15 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Partners Group Holding AG is covered by 25 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Gerhard SchwarzBaader Helvea Equity Research
Michael SandersonBarclays
Michael SandersonBarclays