Piper Sandler Companies

NYSE:PIPR Stock Report

Market Cap: US$4.6b

Piper Sandler Companies Valuation

Is PIPR 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 PIPR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
US$105.61
Fair Value
145.3% overvalued intrinsic discount
2
Number of Analysts

Below Fair Value: PIPR ($259.07) is trading above our estimate of fair value ($105.61)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for PIPR. This is calculated by dividing PIPR's market cap by their current earnings.
What is PIPR's PE Ratio?
PE Ratio25.4x
EarningsUS$181.11m
Market CapUS$4.59b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for PIPR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average24.1x
MC Moelis
31.6x37.8%US$4.7b
LAZ Lazard
15.1xn/aUS$4.1b
VIRT Virtu Financial
12.5x27.5%US$5.8b
BGC BGC Group
37.2x62.2%US$4.5b
PIPR Piper Sandler Companies
25.4xn/aUS$4.6b

Price-To-Earnings vs Peers: PIPR is expensive based on its Price-To-Earnings Ratio (25.4x) compared to the peer average (13x).

Price to Earnings Ratio vs Industry

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

20 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ADX Adams Diversified Equity Fund
4.1xn/aUS$2.25b
CET Central Securities
4.6xn/aUS$1.31b
ASA ASA Gold and Precious Metals
4.7xn/aUS$536.80m
MUDS Mudrick Capital Acquisition Corporation II
3.4xn/aUS$401.64m
PIPR 25.4xIndustry Avg. 23.3xNo. of Companies70PE020406080100+
20 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: PIPR is expensive based on its Price-To-Earnings Ratio (25.4x) compared to the US Capital Markets industry average (23.3x).

Price to Earnings Ratio vs Fair Ratio

What is PIPR'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.

PIPR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio25.4x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate PIPR'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 PIPR forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$259.07
US$302.50
+16.8%
5.5%US$319.00US$286.00n/a2
Mar ’26US$289.62
US$320.00
+10.5%
0.3%US$321.00US$319.00n/a2
Oct ’25US$282.57
US$280.00
-0.9%
10.7%US$310.00US$250.00n/a2
Sep ’25US$272.70
US$266.50
-2.3%
6.2%US$283.00US$250.00n/a2
Apr ’25US$197.19
US$212.00
+7.5%
5.7%US$224.00US$200.00n/a2
Mar ’25US$188.64
US$212.00
+12.4%
5.7%US$224.00US$200.00US$289.622
Feb ’25US$177.34
US$182.67
+3.0%
7.3%US$201.00US$170.00US$317.143
Jan ’25US$174.87
US$174.67
-0.1%
7.7%US$193.00US$161.00US$299.953
Dec ’24US$158.20
US$161.75
+2.2%
6.4%US$171.00US$145.00US$342.994
Nov ’24US$140.32
US$159.00
+13.3%
6.6%US$170.00US$145.00US$283.663
Oct ’24US$145.31
US$166.33
+14.5%
4.9%US$174.00US$155.00US$282.573
Sep ’24US$151.82
US$166.00
+9.3%
4.7%US$173.00US$155.00US$272.703
Aug ’24US$150.30
US$163.67
+8.9%
3.9%US$170.00US$155.00US$262.113
Jul ’24US$129.26
US$157.67
+22.0%
7.7%US$174.00US$145.00US$231.983
Jun ’24US$127.39
US$157.67
+23.8%
7.7%US$174.00US$145.00US$211.783
May ’24US$131.48
US$160.67
+22.2%
6.2%US$174.00US$150.00US$198.313
Apr ’24US$138.61
US$163.33
+17.8%
7.6%US$180.00US$150.00US$197.193
Mar ’24US$149.33
US$171.33
+14.7%
4.9%US$180.00US$160.00US$188.643
Analyst Price Target
Consensus Narrative from 2 Analysts
US$302.50
Fair Value
14.4% undervalued intrinsic discount
2
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 Analysis2025/03/23 07:34
End of Day Share Price 2025/03/21 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

Piper Sandler Companies is covered by 15 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
James MitchellBuckingham Research Group Inc.
Christopher WalshBuckingham Research Group Inc.
Devin RyanCitizens JMP Securities, LLC