Perella Weinberg Partners (PWP) intrinsic value & 10-year financials

Perella Weinberg Partners (PWP) has a Graham intrinsic value of $8.21 per share. At $13.26 on Oct 17, 2026, the stock trades 62% above that value. Over the last 8 fiscal years revenue grew 5.9% a year to $750.9M, with an average return on invested capital of -14.9%.

Graham intrinsic value
$8.21
Share price (Oct 17, 2026)
$13.26
Price vs Graham value
62% above
Market cap
$1.3B
Revenue (FY2025)
$750.9M
Revenue growth (8-yr CAGR)
5.9%
ROIC (10-yr avg)
-14.9%
Free cash flow (FY2025)
$30.5M

PWP 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $750.9M $35.5M $0.47 $30.5M 6.4% —
FY2024 $878.0M -$64.7M -$1.22 $207.0M -8.9% —
FY2023 $648.7M -$17.2M -$1.33 $88.3M -17.7% —
FY2022 $631.5M $17.9M -$0.46 -$44.3M -7.6% —
FY2021 $801.7M -$9.4M -$0.66 $233.4M 8.3% -29.5%
FY2020 $519.0M -$1.0M — -$6.0M -0.2% -0.3%
FY2019 $533.3M -$1.3K — -$7.4M -0.0% —
FY2018 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

Perella Weinberg Partners revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Perella Weinberg Partners has historically struggled to out-earn its cost of capital, averaging just -14.9% ROIC.

Perella Weinberg Partners capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, Perella Weinberg Partners is modeled at 5.9% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $8.21 per share.

PWP stock: frequently asked questions

What is the intrinsic value of Perella Weinberg Partners (PWP) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 5.9% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, PWP's intrinsic value is about $8.21 per share.

Is PWP stock undervalued?

At $13.26 (close on Oct 17, 2026), PWP trades 62% above its Graham value of $8.21. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

Does Perella Weinberg Partners generate free cash flow?

Perella Weinberg Partners generated $30.5M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 4 of the last 7 reported years.

What is PWP's return on invested capital?

Average ROIC over the last 8 fiscal years was -14.9%, and average return on equity was -4.3%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this PWP data come from?

From Perella Weinberg Partners's annual 10-K filings on SEC EDGAR, most recently filed Jul 31, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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