PS Stock Analysis: Pershing Square | NYSE
Asset Management | NYSE, USA | Market Cap: 19.996m USD | 12M Return: 132.9% | US71531U1025 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 19.4M
Warnings
No concerns identified
Tailwinds
Seasonality 0.4 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Pershing Square Inc. is an alternative asset manager headquartered in New York. The company was incorporated in 2024 and was previously known as Pershing Square Holdco, L.P. It operates as a subsidiary of Pershing Square Partner Group, LLC. The firm is listed on the NYSE under the ticker PS and falls within the Financial Services sector, specifically the asset management industry.
As an alternative asset manager, the company focuses on non-traditional investment strategies rather than conventional long-only equity or fixed income management. The firm commonly engages in concentrated, value-oriented and activist investing in publicly traded companies, taking significant ownership stakes to influence corporate strategy and unlock shareholder value.
- Performance fees swing on concentrated portfolio returns
- New fund launches and capital raises expand AUM
- Persistent discount to NAV weighs on share price
| Net Income: 16.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.07 > 0.02 and ΔFCF/TA -31.78 > 1.0 |
| NWC/Revenue: -1.41% < 20% (prev 7.70%; Δ -9.11% < -1%) |
| CFO/TA -0.07 > 3% & CFO -134.2m > Net Income 16.1m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 0.49 > 1.5 & < 3 |
| Outstanding Shares: last fiscal year (400.0m) vs prev 0.00% < -2% |
| Gross Margin: 22.04% > 18% (prev 97.11%; Δ -75.07% > 0.5%) |
| Asset Turnover: 50.98% > 50% (prev 37.87%; Δ 13.11% > 0%) |
| Interest Coverage Ratio: -26.21 > 6 (EBIT TTM -94.4m / Interest Expense TTM 3.60m) |
| A: -0.01 (Total Current Assets 10.3m - Total Current Liabilities 21.1m) / Total Assets 1.81b |
| B: 0.01 (Retained Earnings 25.0m / Total Assets 1.81b) |
| C: -0.06 (EBIT TTM -94.4m / Avg Total Assets 1.51b) |
| D: 3.37 (Book Value of Equity 1.36b / Total Liabilities 403.5m) |
| Altman-Z'' = 3.13 = A |
| DSRI: 3.0 (Receivables 277.1m/1.59m, Revenue 768.7m/455.5m) |
| GMI: 4.41 (GM 97.11% / 22.04%) |
| AQI: 1.08 (AQ_t 0.98 / AQ_t-1 0.91) |
| SGI: 1.69 (Revenue 768.7m / 455.5m) |
| TATA: 0.08 (NI 16.1m - CFO -134.2m) / TA 1.81b) |
| Beneish M = 2.25 (Cap -4..+1) = D |
As of September 27, 2026, the stock is trading at USD 56.16 with a total of 345,830 shares traded. Over the past week, the price has changed by +12.70%, over one month by +31.68%, over three months by +90.26% and over the past year by +132.88%.
Current recommended Stop Loss: 51.60 (which is 8.1% or 1.3 ATR below the current price).
Pershing Square has no consensus analysts rating.
P/E Forward = 52.9101
P/S = 26.0125
P/B = 15.1013
Revenue TTM = 768.7m USD
EBIT TTM = -94.4m USD
EBITDA TTM = -74.6m USD
Long Term Debt = 232.0m USD (from longTermDebt, last quarter)
Short Term Debt = unknown (none)
Debt = 274.1m USD (from shortLongTermDebtTotal, last quarter) + Leases 21.1m
Net Debt = 265.1m USD (calculated: Debt 274.1m - CCE 9.03m)
Enterprise Value = 20.3b USD (20.0b + Debt 274.1m - CCE 9.03m)
Interest Coverage Ratio = -26.21 (Ebit TTM -94.4m / Interest Expense TTM 3.60m)
EV/FCF = -150.4x (Enterprise Value 20.3b / FCF TTM -134.7m)
FCF Yield = -0.66% (FCF TTM -134.7m / Enterprise Value 20.3b)
FCF Margin = -17.52% (FCF TTM -134.7m / Revenue TTM 768.7m)
Net Margin = 2.09% (Net Income TTM 16.1m / Revenue TTM 768.7m)
Gross Margin = 22.04% ((Revenue TTM 768.7m - Cost of Revenue TTM 599.3m) / Revenue TTM)
Gross Margin QoQ = -84.62% (prev 83.26%)
Tobins Q-Ratio = 11.18 (Enterprise Value 20.3b / Total Assets 1.81b)
Interest Expense / Debt = 1.31% (Interest Expense 3.60m / Debt 274.1m)
Taxrate = 25.36% (10.2m / 40.1m)
NOPAT = -70.4m (EBIT -94.4m * (1 - 25.36%)) [loss with tax shield]
Current Ratio = 0.49 (Total Current Assets 10.3m / Total Current Liabilities 21.1m)
Debt / Equity = 0.20 (Debt 274.1m / totalStockholderEquity, last quarter 1.36b)
Debt / EBITDA = -3.56 (negative EBITDA) (Net Debt 265.1m / EBITDA -74.6m)
Debt / FCF = -1.97 (negative FCF - burning cash) (Net Debt 265.1m / FCF TTM -134.7m)
Total Stockholder Equity = 1.24b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.07% (Net Income 16.1m / Total Assets 1.81b)
RoE = 1.30% (Net Income TTM 16.1m / Total Stockholder Equity 1.24b)
RoCE = -6.43% (EBIT -94.4m / Capital Employed (Equity 1.24b + L.T.Debt 232.0m))
RoIC = -3.95% (negative operating profit) (NOPAT -70.4m / Invested Capital 1.78b)
WACC = 19.49% (E(20.0b)/V(20.3b) * Re(19.74%) + D(274.1m)/V(20.3b) * Rd(1.31%) * (1-Tc(0.25)))
Discount Rate = 19.74% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 0.0 | Cagr: 0.0%
[DCF] Fair Price = unknown (Cash Flow -134.7m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: N/A | # QB: 0
Revenue Correlation: N/A | Revenue CAGR: N/A | SUE: N/A | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.13 | Chg30d=+3.34% | Revisions=+0% | Analysts=9
EPS current Year (2026-12-31): EPS=0.52 | Chg30d=+5.29% | Revisions=+22% | GrowthEPS=+0.0% | GrowthRev=+0.0%
EPS next Year (2027-12-31): EPS=0.97 | Chg30d=+4.61% | Revisions=-10% | GrowthEPS=+86.2% | GrowthRev=+84.9%
[Analyst] Revisions Ratio: +5% (up=9, down=8)