PIPR

Piper Sandler Companies

Fundamental data last updated:August 16, 2026

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company profile

SECTOR

Financial Services

industry

Financial - Capital Markets

Exchange

NYSE

County of HQ

US

Next Earnings Date

Pending Announcement

Business Summary

Piper Sandler Companies operates as an investment bank and institutional securities firm that serves corporations, private equity groups, public entities, non-profit entities, and institutional investors in the United States and internationally. The company offers investment banking and institutional sales, trading, and research services for various equity and fixed income products. It provides advisory services, such as mergers and acquisitions, equity private placements, and debt and restructuring advisory; raises capital through equity and debt financings; underwrites municipal issuances; and offers municipal financial advisory and loan placement services, as well as various over-the-counter derivative products. The company also offers public finance investment banking services that focus on state and local governments, and cultural and social service non-profit entities, as well as the education, healthcare, hospitality, senior living, and transportation sectors. In addition, it provides equity and fixed income advisory and trade execution services for institutional investors, and government and non-profit entities. Further, the company is involved in the alternative asset management funds merchant banking and healthcare to invest firm capital and to manage capital from outside investors, as well as trading activities. The company was formerly known as Piper Jaffray Companies and changed its name to Piper Sandler Companies in January 2020. Piper Sandler Companies was founded in 1895 and is headquartered in Minneapolis, Minnesota.

 


VALUATION

P/E

19.08

Market Cap ($M USD)

$5.63B

Forward P/E

N/A

PEG

N/A

PRICE TO SALES

2.82

PRICE TO BOOK

4.01

EV / EBITDA

11.84

5-Year Average P/E

Free Cash Flow Yield

10.14%

DCF Value

$42.31

Graham Number

$42.98

Price to FCF

9.86

EV to FCF

9.45

Earnings Yield

5.24%

FCF Yield

10.14%

DIVIDEND

Yield

2.70%

Annual Payout

$2.14

Payout Ratio

51.34%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

$4.15

Next Year EPS Growth Estimate

$0.00

Next Year Revenue Growth Estimate

$2.49B

Return on Equity (ROE)

21.56%

FREE CASH FLOW

Operating Margin

21.76%

Debt-to-Equity

0.08

Piotroski F-Score

6

Altman Z-Score

8.35

Return on Invested Capital (ROIC)

20.98%

Current Ratio

13.40

Quick Ratio

6.03

Net Debt to EBITDA

-0.51

Interest Coverage

101.24

Gross Profit margin

97.34%

FCF PER SHARE

$8.42

REVENUE PER SHARE

$29.46

Gainseekers Quantitative Analysis

Summary

Piper Sandler Companies appears to be trading at a premium relative to its intrinsic value. The snapshot price was significantly above both its DCF Value and Graham Number, suggesting potential overvaluation. Despite this, the Altman Z-score of 8.55 indicates strong financial health, reducing bankruptcy risk. The Earnings Yield of 5.12% and a lack of Forward P/E data suggest uncertainty in future earnings growth. Overall, the market may be pricing in optimistic growth expectations that aren’t fully supported by current fundamentals.

AI Exposure / Tech Reliance

Operating within the Financial - Capital Markets industry, Piper Sandler is well-positioned to leverage AI and modern technology. The sector's inherent need for data analysis and predictive modeling aligns with AI advancements. This adaptability could enhance their service offerings and operational efficiency.

The Bull Case

For value or GARP investors, Piper Sandler offers compelling strengths. A robust ROIC of 20.41% and an impressive FCF Yield of 10.28% highlight its capital efficiency and ability to generate cash. The Piotroski F-Score of 5, while moderate, indicates some financial strength, and an Operating Margin of 21.76% underscores its pricing power. These metrics suggest a company capable of delivering steady returns and navigating economic cycles effectively.

The Bear Case

Despite its strengths, Piper Sandler faces notable risks. The Price/Book ratio of 4.10 and Price/Sales ratio of 2.89 suggest it is trading at high valuation multiples, potentially limiting upside. The stock's proximity to its 52-week high further indicates technical overextension. Additionally, the absence of growth in EPS next year raises concerns about future profitability. Investors should be wary of these structural vulnerabilities.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Hold

Average Analyst Price Target

$97.58

Institutional Ownership %

1-Year Beta

1.47

Insider Buying % (6 Mo)

Distance to 52-Week High

19.99%

Distance to 52-Week Low

21.80%

EARNINGS SURPRISE %

17.65%

50-DAY SMA

$81.12

200-DAY SMA

$83.50

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.