Definitive Analysis
Financial Statements
Company Industry Sector
Periods / Units
Fundamentals
Margins Returns Growth Rates Metrics/Ratios
Valuations
Projections DCF DDM EPV Multiples Valuations
Miscellaneous
Indicators Charts WACC Beta Predictability
Analysis Mode
Full Access
See Pricing Start Trial
Multiples Valuation: Pershing Square Holdings, Ltd.

Pershing Square Holdings, Ltd. (PSH.AS)

Industry: Asset Management Model: Peers Multiples Valuation

Valuation Snapshot

Winsorized Fair Value
Range (Low - High) $2.37 — $261.11
Selected (Average) $136.97
Upside to Live 165.45%
Full Range Fair Value
Range (Low - High) $2.37 — $287.66
Selected (Average) $156.37
Upside to Live 203.03%
Live Price $51.60

Industry Peers Data

TickerRankNameRev TTM (M) Trailing P/EForward P/ETrailing EV/EBITDAForward EV/EBITDATrailing EV/EBITForward EV/EBIT
ATCOL 88 Atlas Corp. 3,076 8.58 7.63 9.04 7.60 11.93 10.14
TPG 89 TPG Inc. 3,024 58.09 58.09 12.35 12.35 7.11 16.89
LATO-B.ST 90 Investment AB Lato 2,983 29.80 30.42 30.37 27.96 43.20 38.86
ARAAX 91 Horizon Active Ris 2,942 - - - - -0.36 -0.35
CRBG 92 Corebridge Financi 2,875 17.44 17.44 10.87 10.87 - 18.63
AAISX 93 American Beacon In 2,827 - - -41.29 -41.29 - -31.08
SOLS 94 Solstice Advanced 2,789 98.49 98.49 11.90 11.90 11.25 15.42
PSH.AS 95 Pershing Square Ho 2,776 3.63 2.89 - - 3.73 2.63
OWL 96 Blue Owl Capital I 2,746 219.80 219.80 22.07 22.07 33.39 35.16
IGM.TO 97 IGM Financial Inc. 2,703 9.84 9.17 11.32 10.68 12.37 14.73
RATO-A.ST 98 Ratos AB (publ) 2,691 3.32 2.24 5.37 4.90 - 15.36
PHLL.L 99 Petershill Partner 2,591 2.61 2.61 3.87 3.87 3.13 2.40
CIXX 100 CI Financial Corp. 2,588 - - 12.52 13.28 18.70 13.73
GRABW 101 Grab Holdings Limi 2,501 199.72 199.72 79.40 79.40 216.88 1,561.53
RAT.L 102 Rathbones Group Pl 2,407 14.56 13.20 0.23 0.17 0.07 0.05
RNNEX 103 American Funds The 2,399 - - -0.65 -0.59 -0.47 -0.75

Implied Valuation Analysis

Line Item Trailing P/EForward P/ETrailing EV/EBITDAForward EV/EBITDATrailing EV/EBITForward EV/EBIT
Winsorized Median Multiple14.5613.2011.1010.7711.9315.05
Full Range Median Multiple17.4417.4411.6111.3812.1515.39
Industry Multiple60.2059.8917.4417.0935.80145.24
Market Implied Multiple3.933.13--4.062.86
Company (PSH.AS) Multiple3.632.89--3.732.63
(*) Net Income / EBITDA / Revenue2,4173,036--2,2313,164
Winsorized Enterprise ValueN/AN/A--26,62847,613
Full Range Median Enterprise ValueN/AN/A--27,12148,711
(-) Net Debt-437-437-437-437-437-437
Winsorized Equity Value35,18540,06343743727,06548,049
Full Range Median Equity Value42,13652,93543743727,55849,148
(/) Shares Outstanding184184184184184184
Winsorized Fair Value$191.20$217.71$2.37$2.37$147.07$261.11
Full Range Median Fair Value$228.97$287.66$2.37$2.37$149.75$267.07
Current Price$51.60$51.60$51.60$51.60$51.60$51.60
Upside / Downside270.54%321.92%-95.40%-95.40%185.02%406.02%
Safety Margin30.0%30.0%30.0%30.0%30.0%30.0%
Buy Price$133.84$152.40$1.66$1.66$102.95$182.77
Buy / Don't BuyBUYBUYDon’t BuyDon’t BuyBUYBUY