WallStSmart

PJT Partners Inc (PJT)vsTradeweb Markets Inc (TW)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Tradeweb Markets Inc generates 20% more annual revenue ($2.05B vs $1.71B). TW leads profitability with a 39.6% profit margin vs 10.5%. PJT appears more attractively valued with a PEG of 1.36. TW earns a higher WallStSmart Score of 67/100 (B-).

PJT

Buy

65

out of 100

Grade: C+

Growth: 6.7Profit: 8.5Value: 7.3Quality: 4.8
Piotroski: 2/9

TW

Strong Buy

67

out of 100

Grade: B-

Growth: 8.0Profit: 8.5Value: 7.3Quality: 7.8
Piotroski: 5/9Altman Z: 5.64
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

PJTSignificantly Overvalued (-24.9%)

Margin of Safety

-24.9%

Fair Value

$127.72

Current Price

$137.35

$9.63 premium

UndervaluedFair: $127.72Overvalued
TWUndervalued (+34.8%)

Margin of Safety

+34.8%

Fair Value

$176.44

Current Price

$119.95

$56.49 discount

UndervaluedFair: $176.44Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

PJT2 strengths · Avg: 9.0/10
Return on EquityProfitability
32.4%10/10

Every $100 of equity generates 32 in profit

Operating MarginProfitability
23.0%8/10

Strong operational efficiency at 23.0%

TW4 strengths · Avg: 10.0/10
Profit MarginProfitability
39.6%10/10

Keeps 40 of every $100 in revenue as profit

Operating MarginProfitability
42.4%10/10

Strong operational efficiency at 42.4%

EPS GrowthGrowth
128.8%10/10

Earnings expanding 128.8% YoY

Altman Z-ScoreHealth
5.6410/10

Safe zone — low bankruptcy risk

Areas to Watch

PJT2 concerns · Avg: 3.5/10
Price/BookValuation
10.8x4/10

Trading at 10.8x book value

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

TW2 concerns · Avg: 3.0/10
P/E RatioValuation
32.7x4/10

Premium valuation, high expectations priced in

PEG RatioValuation
2.972/10

Expensive relative to growth rate

Comparative Analysis Report

WallStSmart Research

Bull Case : PJT

The strongest argument for PJT centers on Return on Equity, Operating Margin. Revenue growth of 11.6% demonstrates continued momentum. PEG of 1.36 suggests the stock is reasonably priced for its growth.

Bull Case : TW

The strongest argument for TW centers on Profit Margin, Operating Margin, EPS Growth. Profitability is solid with margins at 39.6% and operating margin at 42.4%. Revenue growth of 12.5% demonstrates continued momentum.

Bear Case : PJT

The primary concerns for PJT are Price/Book, Piotroski F-Score.

Bear Case : TW

The primary concerns for TW are P/E Ratio, PEG Ratio.

Key Dynamics to Monitor

PJT profiles as a value stock while TW is a mature play — different risk/reward profiles.

PJT carries more volatility with a beta of 0.86 — expect wider price swings.

TW is growing revenue faster at 12.5% — sustainability is the question.

TW generates stronger free cash flow (337M), providing more financial flexibility.

Bottom Line

TW scores higher overall (67/100 vs 65/100), backed by strong 39.6% margins and 12.5% revenue growth. Both earn "Strong Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

PJT Partners Inc

FINANCIAL SERVICES · CAPITAL MARKETS · USA

PJT Partners Inc., an investment bank, provides a variety of shareholder, restructuring and special situations, and capital market advisory services to corporations, financial backers, institutional investors and governments worldwide. The company is headquartered in New York, New York.

Tradeweb Markets Inc

FINANCIAL SERVICES · CAPITAL MARKETS · USA

Tradeweb Markets Inc. creates and operates electronic marketplaces in the Americas, Europe, the Middle East, Africa, Asia Pacific and internationally.

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