Is PJT Partners, Inc. overvalued or undervalued?

As of 2 May 2025, PJT Partners, Inc. has moved from an expensive to a very expensive valuation grade. The company is currently overvalued, with a P/E ratio of 39, significantly higher than peers like Piper Sandler Cos. at 28.65 and Moelis & Co. at 28.59. Additionally, PJT's EV to EBITDA stands at 19.83, while its PEG ratio is 0.62, indicating a premium valuation compared to the industry.
In comparison to its peers, PJT Partners' valuation metrics suggest it is trading at a higher multiple than many of its competitors, such as StoneX Group, Inc. which is considered attractive with a P/E of 15.31. Despite recent strong stock performance, including a 50.64% return over the past year compared to the S&P 500's 10.26%, the current valuation appears excessive given the financial ratios and peer comparisons.