Partners Group Holding AG

SWX:PGHN Stock Report

Market Cap: CHF 32.1b

Partners Group Holding Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • 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.

Below Fair Value: PGHN (CHF1228) is trading above our estimate of fair value (CHF1212.28)

Significantly Below Fair Value: PGHN is trading above our estimate of fair value.

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 Ratio33.4x
EarningsCHF 960.20m
Market CapCHF 32.06b

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 Average21.1x
BAER Julius Bär Gruppe
30.4x22.5%CHF 11.4b
VZN VZ Holding
27.4x6.3%CHF 5.6b
VONN Vontobel Holding
14.8x17.7%CHF 3.2b
EFGN EFG International
12x6.3%CHF 3.6b
PGHN Partners Group Holding
33.4x14.2%CHF 32.1b

Price-To-Earnings vs Peers: PGHN is expensive based on its Price-To-Earnings Ratio (33.4x) compared to the peer average (21.1x).

Price to Earnings Ratio vs Industry

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

17 CompaniesPrice / EarningsEstimated GrowthMarket Cap
PGHN 33.4xIndustry Avg. 13.1xNo. of Companies39PE01224364860+
17 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: PGHN is expensive based on its Price-To-Earnings Ratio (33.4x) compared to the European Capital Markets industry average (13.1x).

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 Ratio33.4x
Fair PE Ratio27.8x

Price-To-Earnings vs Fair Ratio: PGHN is expensive based on its Price-To-Earnings Ratio (33.4x) compared to the estimated Fair Price-To-Earnings Ratio (27.8x).

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
CurrentCHF 1,228.00
CHF 1,281.40
+4.3%
9.9%CHF 1,650.00CHF 1,120.00n/a15
Nov ’25CHF 1,198.00
CHF 1,281.40
+7.0%
9.9%CHF 1,650.00CHF 1,120.00n/a15
Oct ’25CHF 1,285.50
CHF 1,273.80
-0.9%
9.2%CHF 1,650.00CHF 1,120.00n/a15
Sep ’25CHF 1,221.00
CHF 1,276.29
+4.5%
5.7%CHF 1,390.00CHF 1,150.00n/a14
Aug ’25CHF 1,184.50
CHF 1,290.77
+9.0%
5.4%CHF 1,390.00CHF 1,150.00n/a13
Jul ’25CHF 1,147.50
CHF 1,281.85
+11.7%
7.3%CHF 1,450.00CHF 1,150.00n/a13
Jun ’25CHF 1,206.00
CHF 1,276.31
+5.8%
8.7%CHF 1,450.00CHF 1,040.00n/a13
May ’25CHF 1,189.50
CHF 1,257.38
+5.7%
9.5%CHF 1,450.00CHF 1,040.00n/a13
Apr ’25CHF 1,288.00
CHF 1,240.23
-3.7%
9.2%CHF 1,450.00CHF 1,040.00n/a13
Mar ’25CHF 1,264.50
CHF 1,181.64
-6.6%
10.0%CHF 1,360.00CHF 920.00n/a14
Feb ’25CHF 1,173.00
CHF 1,155.21
-1.5%
9.4%CHF 1,350.00CHF 920.00n/a14
Jan ’25CHF 1,213.00
CHF 1,097.57
-9.5%
11.5%CHF 1,289.00CHF 860.00n/a14
Dec ’24CHF 1,155.50
CHF 1,081.57
-6.4%
11.3%CHF 1,289.00CHF 860.00n/a14
Nov ’24CHF 967.20
CHF 1,054.64
+9.0%
11.6%CHF 1,289.00CHF 860.00CHF 1,198.0014
Oct ’24CHF 1,034.50
CHF 1,054.64
+1.9%
11.6%CHF 1,289.00CHF 860.00CHF 1,285.5014
Sep ’24CHF 953.80
CHF 1,019.84
+6.9%
15.0%CHF 1,491.00CHF 860.00CHF 1,221.0014
Aug ’24CHF 978.00
CHF 1,018.51
+4.1%
14.5%CHF 1,491.00CHF 860.00CHF 1,184.5015
Jul ’24CHF 841.60
CHF 992.22
+17.9%
8.5%CHF 1,120.03CHF 848.00CHF 1,147.5014
Jun ’24CHF 825.20
CHF 960.08
+16.3%
16.2%CHF 1,120.03CHF 480.11CHF 1,206.0015
May ’24CHF 863.20
CHF 946.80
+9.7%
16.4%CHF 1,100.00CHF 480.11CHF 1,189.5014
Apr ’24CHF 856.80
CHF 985.41
+15.0%
20.5%CHF 1,491.00CHF 480.11CHF 1,288.0015
Mar ’24CHF 879.80
CHF 1,015.69
+15.4%
20.8%CHF 1,491.00CHF 480.11CHF 1,264.5015
Feb ’24CHF 860.40
CHF 1,015.69
+18.0%
20.8%CHF 1,491.00CHF 480.11CHF 1,173.0015
Jan ’24CHF 816.80
CHF 1,137.11
+39.2%
21.1%CHF 1,540.00CHF 480.11CHF 1,213.0015
Dec ’23CHF 947.20
CHF 1,153.51
+21.8%
20.8%CHF 1,540.00CHF 480.11CHF 1,155.5014
Nov ’23CHF 897.40
CHF 1,162.65
+29.6%
20.6%CHF 1,540.00CHF 480.11CHF 967.2014

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

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