Latest Ratios: P/E Ratio 29.7x · EV/EBITDA 25.4x · ROE 14.5%. (2020–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Market Cap | $1.7B | $1.1B | $1.3B | $1.1B | $880M | $548M | $1.0B |
| Enterprise Value | $1.8B | $1.2B | $1.1B | $987M | $871M | $86M | $923M |
| P/E Ratio → | 29.65 | 31.45 | — | — | — | — | — |
| P/S Ratio | 2.20 | 1.48 | 1.44 | 1.64 | 1.39 | 0.68 | 2.02 |
| P/B Ratio | 4.02 | 4.26 | 5.52 | 3.96 | 3.38 | 2.02 | 14.14 |
| P/FCF | 54.28 | 36.45 | 6.13 | 12.02 | — | 2.35 | 13.05 |
| P/OCF | 47.55 | 31.93 | 5.68 | 7.28 | — | 2.33 | 12.21 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.61 | 1.28 | 1.52 | 1.38 | 0.11 | 1.78 |
| EV / EBITDA | 25.45 | 17.56 | — | — | — | 1.07 | 987.13 |
| EV / EBIT | 36.49 | 23.46 | — | — | — | 2.83 | — |
| EV / FCF | — | 39.66 | 5.42 | 11.18 | — | 0.37 | 11.48 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 97.2% | 97.2% | 40.1% | 34.2% | 38.0% | 37.1% | 27.9% |
| Operating Margin | 6.4% | 6.4% | -8.9% | -17.7% | -7.6% | 8.3% | -2.8% |
| Net Profit Margin | 4.7% | 4.7% | -7.4% | -2.7% | 2.8% | -1.2% | -4.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| ROE | 14.5% | 14.5% | -26.0% | -6.5% | 6.7% | -5.5% | -32.8% |
| ROA | 4.2% | 4.2% | -7.9% | -2.3% | 2.5% | -1.5% | -4.5% |
| ROIC | 7.0% | 7.0% | -13.7% | -19.8% | -9.7% | 16.8% | -3.9% |
| ROCE | 9.7% | 9.7% | -16.7% | -24.8% | -11.6% | 20.0% | -4.9% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.36 | 1.36 | 0.82 | 0.66 | 0.64 | 0.16 | 2.77 |
| Debt / EBITDA | 5.14 | 5.14 | — | — | — | 0.54 | 219.46 |
| Net Debt / Equity | — | 0.37 | -0.63 | -0.28 | -0.03 | -1.70 | -1.69 |
| Net Debt / EBITDA | 1.42 | 1.42 | — | — | — | -5.69 | -134.45 |
| Debt / FCF | — | 3.21 | -0.70 | -0.84 | — | -1.98 | -1.56 |
| Interest Coverage | — | — | — | -417.03 | -172.95 | 4.02 | -0.33 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 1.15 | 1.15 | 1.17 | 1.48 | 1.45 | 1.59 | 1.51 |
| Quick Ratio | 1.15 | 1.15 | 1.17 | 1.48 | 1.45 | 1.59 | 1.51 |
| Cash Ratio | 0.93 | 0.93 | 0.80 | 0.87 | 0.66 | 1.44 | 1.34 |
| Asset Turnover | — | 0.94 | 1.00 | 0.85 | 0.88 | 1.12 | 0.96 |
| Inventory Turnover | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.2% | — | — | — | — | — | — |
| Payout Ratio | 64.6% | 64.6% | — | — | 320.5% | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.4% | 3.2% | — | — | — | — | — |
| FCF Yield | 1.8% | 2.7% | 16.3% | 8.3% | — | 42.6% | 7.7% |
| Buyback Yield | 2.0% | — | — | — | — | — | — |
| Total Shareholder Yield | 4.2% | — | — | — | — | — | — |
| Shares Outstanding | — | $64M | $53M | $87M | $90M | $43M | $93M |
Negative Equity Erosion
Based on current market data, PWP trades at a TTM P/E of 30.11, which appears elevated relative to peers like Lazard's 18.49, suggesting that investors may be pricing in a recovery in deal flow that has yet to materialize in the firm's recent quarterly financial results.
The forward P/E of 16.40 implies a significant expectation for earnings growth, yet this valuation remains sensitive to the firm's inability to consistently convert advisory mandates into bottom-line profit. Investors should monitor whether this premium is justified by the restructuring backlog or if it represents an overvaluation relative to the firm's current operational struggles.
As reported in recent financial statements, PWP's ROIC has trended into negative territory, reaching -4.2% in 2026Q1, which indicates that the firm is currently failing to generate returns on invested capital that exceed its cost of capital, a stark contrast to more stable boutique peers.
The erratic ROE performance, swinging from 8.9% in 2025Q1 to -26.3% in 2024Q2, highlights the difficulty of maintaining capital efficiency in a business model heavily reliant on lumpy success fees. This volatility suggests that the firm's internal capital allocation may be struggling to find productive outlets during periods of market contraction.
According to quarterly filings, PWP's asset turnover has remained low, hovering around 0.21 to 0.30, which reflects the firm's reliance on human capital rather than physical assets, though the variability in DSO suggests potential challenges in the timely collection of advisory fees from clients.
The lack of consistent data for DIO and DPO underscores the service-oriented nature of the firm, where working capital is primarily driven by unbilled receivables. Investors should interpret the fluctuations in DSO as a potential indicator of shifting client payment cycles, which may exacerbate liquidity pressures during downturns.
As indicated by the firm's negative equity position, the debt-to-equity ratio of 1.36 is a misleading metric for PWP, as it obscures the underlying erosion of the capital base and fails to account for the firm's unique post-SPAC equity structure and compensation-heavy cost profile.
Analysts should prioritize interest coverage and cash-flow-based leverage metrics over traditional balance sheet ratios, as the latter are distorted by the firm's negative retained earnings. Relying on D/E in this context may lead to an underestimation of the firm's financial risk, as it ignores the structural fragility inherent in a negative equity environment.
Includes 30+ ratios · 6 years · Updated daily
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Quick answers to the most common questions about buying PWP stock.
Perella Weinberg Partners's current P/E ratio is 29.7x. The historical average is 31.5x.
Perella Weinberg Partners's current EV/EBITDA is 25.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.3x.
Perella Weinberg Partners's return on equity (ROE) is 14.5%. The historical average is -8.3%.
Based on historical data, Perella Weinberg Partners is trading at a P/E of 29.7x. Compare with industry peers and growth rates for a complete picture.
Perella Weinberg Partners's current dividend yield is 2.19% with a payout ratio of 64.6%.
Perella Weinberg Partners has 97.2% gross margin and 6.4% operating margin.
Perella Weinberg Partners's Debt/EBITDA ratio is 5.1x, indicating high leverage. A ratio above 4x may signal elevated financial risk.