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PIPER SANDLER COMPANIES PIPR

NYSE · stock · Security Brokers, Dealers & Flotation Companies · website · IPO 2003-12-19 · LEI

PIPER SANDLER COMPANIES statistics & valuation

Market cap$5.4B
P / E19.2×
P / S2.8×
P / B3.4×
Dividend yield2.11%
Net margin14.8%
Return on equity17.8%
Graham number +21%$91.37

Market cap as of 2026-06-29. 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 ($91.37); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
-2.90% -7.30% 7.50% 13.20% 3.20% 13.60% 7.70% 6.30% 11.80% 14.80% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
2016201720182019202020212022202320242025
Return on equity (%)
-2.70% -8.40% 7.80% 13.90% 4.40% 22.70% 8.80% 6.60% 12.80% 17.80% 2016201720182019202020212022202320242025
Shares outstanding
51.1M 51.9M 53.7M 55.7M 59.6M 67.8M 67.9M 68.9M 70.8M 67.5M 2016201720182019202020212022202320242025
Net debt ($)
-$75.0M -$312.9M -$846.0M $125.0M $0 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
-1.00% -3.10% 4.20% 6.90% 2.00% 10.90% 5.10% 4.00% 8.00% 10.90% 2016201720182019202020212022202320242025
Free cash flow margin (%)
2016201720182019202020212022202320242025
Debt / equity (×)
0.22× 0.21× 0.10× 0.10× 0.00× 2016201720182019202020212022202320242025
EPS ($)
-$0.43 -$1.25 $0.93 $1.92 $0.68 $4.11 $1.63 $1.24 $2.56 $15.82 2016201720182019202020212022202320242025

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

PIPER SANDLER COMPANIES trades at about 4.8× earnings — below its 10-year norm (10-year range 5.5×–35×, median 18.6×).

4.8× 35×

Shaded band = 10-year range (5.5×–35×); dot = today's 4.8×.

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)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Net margin14.8%11.8%6.3%7.7%13.6%3.2%13.2%7.5%-7.3%-2.9%
Return on assets10.9%8.0%4.0%5.1%10.9%2.0%6.9%4.2%-3.1%-1.0%
Return on equity17.8%12.8%6.6%8.8%22.7%4.4%13.9%7.8%-8.4%-2.7%
Debt / equity——0.00×0.10×0.10×0.21×0.22×———

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