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Verdict
Quantitative factor alignment verified for current market regime.
Quant Score
Rank
#3715
Positioning
Market Dominance
Finance, Insurance, And Real Estate
Trading
$6.1B
Chad R. Abraham
Piper Sandler Companies operates as an investment bank and institutional securities firm that serves corporations, private equity groups, public entities, non-profit entities, and institutional investors in the United States and internationally. The company also offers public finance investment banking services that focus on state and local governments, as well as education, healthcare, hospitality, senior living, and transportation sectors.
Headcount
1.8K
HQ Base
Minneapolis, Minnesota
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Dates updated upon official exchange announcement.
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X-AXIS: EV/EBITDA (LOWER = CHEAPER) | Y-AXIS: ROE (HIGHER = ELITE) | RED CIRCLE = PIPR ANALYSIS TARGET
| Stock | Rating | Score▼ | Quality | Value | Momentum | P/E | EV/EBITDA | ROE | ROA | Gross Mgn | Op Mgn | Net Mgn | Rev Growth | Div Yield | D/E | Mkt Cap | AUDIT |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
$SII SPROTT INC. | 75 | 91 | 87 | 98 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$PUK PRUDENTIAL PLC | 73 | 88 | 97 | 80 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$NMR NOMURA HOLDINGS INC | 72 | 81 | 92 | 87 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$PSLV Sprott Physical Silver Trust | 69 | 82 | 80 | 98 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$UFCS UNITED FIRE GROUP INC | 68 | 81 | 93 | 76 | 5.0x | 3.5x | 13.2% | 4.1% | 99.9% | 14.7% | 11.1% | 9.2% | 2.1% | 16.0x | $775M | VS | |
$SLF SUN LIFE FINANCIAL INC | 68 | 83 | 95 | 63 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$CBOE Cboe Global Markets, Inc. | 68 | 75 | 63 | 77 | 21.3x | 15.7x | 24.0% | 13.7% | 41.7% | 32.4% | 26.4% | 8.2% | 1.1% | 30.0x | $25.7B | VS | |
$VTMX Vesta Real Estate Corporation, S.A.B. de C.V. | 67 | 69 | 77 | 80 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$PHYS Sprott Physical Gold Trust | 67 | 64 | 82 | 91 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$GLDM World Gold Trust | 66 | 54 | 85 | 92 | 11.3x | 11.3x | - | 20.9% | 100.0% | 97.1% | 554.8% | -19.0% | 0.0% | - | $32.0B | VS | |
$PIPR PIPER SANDLER COMPANIES | 39 | 29 | 43 | 53 | 27.0x | 21.4x | 13.1% | 8.6% | 0.0% | 14.6% | 11.6% | 40.8% | 1.6% | 52.0x | $6.1B | ||
| SECTOR BENCH | - | - | - | - | - | 11.9x | 7.8x | 9.0% | 1.3% | 77.7% | 18.1% | 21.9% | 10.7% | 2.0% | 0.5x | - | REF |
PIPER SANDLER COMPANIES (PIPR) receives a "Avoid" rating with a composite score of 38.6/100. It ranks #3715 out of 7,333 stocks in our coverage universe and carries a 1-star rating. Ratings are driven by a 6-factor quantitative model measuring quality, value, momentum, investment, stability, and short interest.
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In-line with peers — no strong momentum signal
Fair valuation relative to peers
Weak fundamentals — higher risk of value trap
High volatility — wider range of outcomes increases timing risk
Aggressive spending — empire-building risk, dilutive growth
Below-average composite — caution warranted
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Relative valuation derived from Finance, Insurance, And Real Estate sector benchmarks. Model weights: EV/EBITDA (40%), P/B (35%), P/S (25%). Re-calculated daily.
Projection based on user-defined inputs. Re-calculated daily against current market data.
Reverse DCF Framework — Mauboussin Methodology
Institutional-grade Reverse DCF analysis. This model identifies the growth hurdles embedded in current market prices. When implied growth is significantly lower than historical or projected rates, a margin of safety may exist. Re-audited daily.
No analyst ratings for PIPR.
View All Ratings| Factor | Global | Sector | Tilt |
|---|---|---|---|
| PROFITABILITY | 29 | 24 | +5NEUTRAL |
| MOMENTUM | 53 | 56 | -3NEUTRAL |
| VALUATION | 43 | 48 | -5NEUTRAL |
| INVESTMENT | 26 | 28 | -2NEUTRAL |
| STABILITY | 27 | 19 | +8ALPHA |
| SHORT INT | 46 | 47 | -1NEUTRAL |
Global = full universe. Sector = relative to industry peers. Positive tilt indicates idiosyncratic strength.
ROE proxy 13.1% (sector 9.0%)
GM 0% vs sector 78%, OM 15% vs sector 18%
Capital turnover N/A
Rev growth 41%, 10yr history
Interest coverage N/A, Net debt/EBITDA -0.4x
Composite assessment of profitability, capital efficiency, and financial strength. Top-tier entities demonstrate sustainable cash flow generation and elite competitive moats.
Profit generated per dollar of shareholder equity
Efficiency of asset utilization
Pricing power and cost efficiency
Core business profitability
Bottom-line profitability
The Quality factor evaluates the persistence and magnitude of realized cash flows. Companies with scores >70 exhibit superior pricing power and structural financial resilience through diverse economic regimes.
Our uncertainty rating tracks the predictability of future cash flows and potential for permanent capital loss. Moderate visibility with standard industry cyclicality.
We rate PIPER SANDLER COMPANIES (PIPR) as Avoid with a composite score of 38.6/100 at a current price of $309.95. The stock falls in the bottom quintile, and the multi-factor weakness suggests a high probability of continued underperformance.
PIPER SANDLER COMPANIES holds a top-quartile position (#0 of 50) within the Finance, Insurance, And Real Estate sector, based on our composite quantitative scoring across quality, value, momentum, and stability factors. The composite score of 38.6/100 places it at rank #3715 in our full universe.
No Moat
Very High
Standard
Fair Value
Stable competitive position in a defensive sector.
Below-average quality raises earnings sustainability concerns.
Vulnerability to macroeconomic shocks and interest rate volatility.
PIPER SANDLER COMPANIES represents a avoid based on multi-factor quantitative performance.
Our quantitative model flags PIPER SANDLER COMPANIES with an Avoid rating, assigning a composite score of 38.6/100 and 1 out of 5 stars. Ranked #3715 of 7,333 stocks, PIPR falls in the bottom tier across key factors. Historically, stocks with this profile have faced elevated risk of underperformance and capital loss.
PIPR's quality score of 29/100 is below average, suggesting challenges with profitability or capital efficiency. The company reports a return on equity of 13.1% (sector avg: 9.0%), gross margins of 0.0% (sector avg: 77.7%), net margins of 11.6% (sector avg: 21.9%). Investors should examine whether management is actively addressing these weaknesses or if they reflect structural industry headwinds.
With a value score of 43/100, PIPR appears somewhat expensive relative to its fundamentals. Key valuation metrics include a P/E ratio of 27.04x, an EV/EBITDA of 21.44x, a P/B ratio of 3.54x. Investors paying a premium here are likely betting on above-average growth or margin expansion to justify current prices.
PIPER SANDLER COMPANIES's investment score of 26/100 suggests limited reinvestment activity. Key growth metrics include revenue growth of 40.8% vs. a sector average of 10.7% and a return on assets of 8.6% (sector: 1.3%). While this can be positive for mature, cash-generative businesses returning capital to shareholders, it may also signal a lack of growth opportunities or management conservatism.
PIPR demonstrates moderate momentum with a score of 53/100, suggesting a neutral price trend without strong directional conviction. Revenue growth stands at 40.8% year-over-year, while a beta of 1.52 reflects its sensitivity to broader market moves. Moderate momentum may indicate the stock is consolidating or transitioning between trends, warranting close monitoring of upcoming catalysts.
PIPR's stability score of 27/100 signals elevated volatility and/or leverage concerns. Key stability metrics include a beta of 1.52 and a debt-to-equity ratio of 52.00x (sector avg: 0.5x). Investors should be prepared for wider-than-average price swings and consider position sizing accordingly to manage portfolio risk.
The short interest score of 46/100 for PIPR suggests somewhat elevated bearish positioning by institutional traders. Specific risk factors include high market sensitivity (beta: 1.52), elevated leverage (D/E: 52.00x). With a $6.1B market cap (mid-cap), PIPER SANDLER COMPANIES may experience above-average volatility. Investors should consider whether the short thesis has merit or if it creates a potential short-squeeze opportunity.
PIPR offers a modest dividend yield of 1.6%. This compares to a sector average dividend yield of 2.0%. While the income contribution is relatively small, even a small dividend signals management's commitment to shareholder returns and can serve as a signal of financial discipline.
PIPER SANDLER COMPANIES is a mid-cap company in the Finance, Insurance, And Real Estate sector, ranked #0 of 50 in its sector (100th percentile) and #3715 of 7,333 overall (49th percentile). Key comparisons include ROE of 13.1% exceeding the 9.0% sector median and operating margins of 14.6% below the 18.1% sector average. This top-quartile standing reflects exceptional competitive strength relative to Finance, Insurance, And Real Estate peers.
While PIPR currently exhibits a AVOID profile, superior opportunities exist within the FINANCE, INSURANCE, AND REAL ESTATE sector. Our model identifies several "Strong Buy" candidates with higher quality scores and more attractive valuations among direct industry competitors.
View Top Finance, Insurance, And Real Estate Alpha →Quant Factor Profile
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Improvement in Investment (26) would have the largest impact on the composite score.
EV/EBITDA 176% ABOVE SECTOR MEDIAN
ROE 45% ABOVE SECTOR MEDIAN (FAVORABLE)
Gross Margin 100% BELOW SECTOR MEDIAN
Above 50MA
37.18%
Net New Highs
+51081
MINNEAPOLIS & LONDON, February 23, 2026--Piper Sandler Companies (NYSE: PIPR), a leading investment bank, is pleased to announce the addition of Jason Arnold as a managing director in the healthcare investment banking group. Arnold will be initially based in London while serving clients globally. He will be advising life science tools and diagnostic companies on mergers and acquisitions, strategic partnerships and capital raising transactions.
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