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Partners Group Holding AG PGHN.SW

CH · SIX Swiss Exchange · XSWX · stock · Financial Services · website

Partners Group Holding AG statistics & valuation

Market capCHF 18.7B
P / E14.8×
P / S7.6×
P / B8.5×
P / FCF12.5×
Dividend yield5.85%
Net margin51.2%
Return on equity57.6%
FCF margin60.7%
Net debtCHF 2.2B
Enterprise value USD$25.6B
Earnings yield EBIT/EV7.4%
Return on capital38.1%
Graham number -58%CHF 304.10

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (CHF 304.10); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
55.40% 54.00% 55.90% 51.20% 2022202320242025
Gross margin (%)
76.40% 79.90% 80.80% 81.80% 2022202320242025
Operating margin (%)
62.40% 64.20% 64.80% 62.60% 2022202320242025
Return on equity (%)
41.60% 41.30% 46.70% 57.60% 2022202320242025
Shares outstanding
25.8M 25.8M 25.8M 25.8M 2022202320242025
Net debt (CHF )
CHF 367.4M CHF 1.19B CHF 1.86B CHF 2.16B 2022202320242025
Share buybacks (CHF )
CHF 569.4M CHF 67.0M CHF 499.3M CHF 333.6M 2022202320242025
Return on assets (%)
22.00% 20.90% 19.80% 19.70% 2022202320242025
Free cash flow margin (%)
53.70% 28.80% 39.30% 60.70% 2022202320242025
Debt / equity (×)
0.47× 0.61× 0.89× 1.14× 2022202320242025
EPS (CHF )
CHF 39.34 CHF 38.55 CHF 43.08 CHF 48.45 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Partners Group Holding AG trades at about 14.9× earnings — below its 10-year norm (10-year range 21.7×–32.3×, median 30.4×).

14.9× 32.3×

Shaded band = 10-year range (21.7×–32.3×); dot = today's 14.9×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin81.8%80.8%79.9%76.4%
Operating margin62.6%64.8%64.2%62.4%
Net margin51.2%55.9%54.0%55.4%
FCF margin60.7%39.3%28.8%53.7%
Return on assets19.7%19.8%20.9%22.0%
Return on equity57.6%46.7%41.3%41.6%
Debt / equity0.61×0.55×0.34×0.33×
Current ratio1.672.502.813.22

Computed from company filings · CH · as of 2025-12-31. Figures in CHF. Facts plus Stocktoria's own computed scores — not investment advice.