Perella Weinberg Partners (PWP) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-137.3%

-$5.39

vs $14.47 price

Levered DCF

$17.57

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

3.22

Safe zone

Rating

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	31.45×	-19.54×	-30.58×	23.9×	-58.45×	-43.46×	-3.05×	-511,622.61×
P/B	-8.72×	-3.01×	3.47×	3.13×	4.34×	7.07×	22,016.18×	0×
P/S	1.48×	1.44×	0.82×	0.68×	0.68×	1.01×	0.94×	0.74×
EV / EBITDA	23.19×	-28.51×	-6.76×	-16.27×	7.06×	59.72×	-5.45×	0×
Gross margin	97.2%	40.1%	34.2%	38.0%	37.1%	27.9%	34.4%	100.0%
Operating margin	6.4%	-8.9%	-17.7%	-7.6%	8.3%	-2.8%	-29.1%	-15.8%
Net margin	4.7%	-7.4%	-2.7%	2.8%	-1.2%	-4.7%	-30.8%	-0.0%
Current ratio	1.15×	1.17×	1.48×	1.45×	1.59×	1.51×	0.25×	0×
Debt / equity	-2.78×	-0.44×	1.15×	1.2×	0.34×	2.77×	0.04×	0×
Interest coverage	0×	0×	-417.03×	-172.95×	8.75×	-0.93×	-10.08×	0×
Dividend yield	2.1%	1.6%	5.2%	13.3%	13.1%	2.3%	0.0%	0.0%
Payout ratio	64.6%	-31.3%	-158.6%	320.5%	-763.4%	-49.3%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-27.9%	15.4%	-11.3%	13.0%	-7.5%	-32.8%	-722423.4%	0.0%
Return on invested capital	9.1%	-16.3%	-24.0%	-10.6%	3.2%	-4.9%	-658036.7%	0.0%
Return on assets	4.4%	-7.4%	-2.3%	2.5%	-1.3%	-4.5%	-249895.6%	0.0%
Free cash flow yield	2.7%	16.3%	16.7%	-10.3%	42.6%	15.3%	0.0%	0.0%
Earnings yield	3.2%	-5.1%	-3.3%	4.2%	-1.7%	-4.6%	-32.8%	-0.0%
Enterprise value	$1.7B	$1.7B	$678.6M	$602.5M	$317.8M	$620.1M	$711M	$0
Net debt / EBITDA	1.35×	2.5×	0.74×	0.23×	-10.24×	-12.11×	0×	0×
Cash conversion cycle (days)	-597	-16	-16	-2	1	7	0	0