Partners Group Holding AG

SWX:PGHN Stock Report

Market Cap: CHF 31.6b

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 (CHF1211) is trading above our estimate of fair value (CHF1195.19)

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 Ratio32.9x
EarningsCHF 960.20m
Market CapCHF 31.62b

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 Average22x
BAER Julius Bär Gruppe
31.5x22.4%CHF 11.8b
VONN Vontobel Holding
16.2x17.7%CHF 3.5b
VZN VZ Holding
27.5x6.3%CHF 5.6b
EFGN EFG International
12.8x6.4%CHF 3.8b
PGHN Partners Group Holding
32.9x14.5%CHF 31.6b

Price-To-Earnings vs Peers: PGHN is expensive based on its Price-To-Earnings Ratio (32.9x) compared to the peer average (22x).

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 32.9xIndustry Avg. 13.0xNo. of Companies39PE01224364860+
17 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: PGHN is expensive based on its Price-To-Earnings Ratio (32.9x) compared to the European Capital Markets industry average (13x).

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 Ratio32.9x
Fair PE Ratio27.9x

Price-To-Earnings vs Fair Ratio: PGHN is expensive based on its Price-To-Earnings Ratio (32.9x) compared to the estimated Fair Price-To-Earnings Ratio (27.9x).

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 1,211.00
CHF 1,288.20
+6.4%
9.7%CHF 1,650.00CHF 1,120.00n/a15
Dec ’25CHF 1,280.00
CHF 1,285.40
+0.4%
9.8%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 860.00CHF 1,280.0014
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

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 Analysis2024/12/22 00:57
End of Day Share Price 2024/12/20 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

Partners Group Holding AG is covered by 30 analysts. 14 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
Joachim MathaBank am Bellevue
Michael SandersonBarclays