Piper Sandler Companies (PIPR) is a Financials stock trading at $72.78 (as of 2026-08-20), with a market capitalization of $5.17B and a trailing P/E of 26.6. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.
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 offers investment banking and institutional sales, trading, and research services for various equity and fixed income products. It provides advisory services, such as mergers and acquisitions, equity private placements, and debt and restructuring advisory; raises capital through equity and debt financings; underwrites municipal issuances; and offers municipal financial advisory and loan placement services, as well as various over-the-counter derivative products. The company also offers public finance investment banking services that focus on state and local governments, and cultural and social service non-profit entities, as well as the education, healthcare, hospitality, senior living, and transportation sectors. In addition, it provides equity and fixed income advisory and trade execution services for institutional investors, and government and non-profit entities. Further, the company is involved in the alternative asset management funds merchant banking and healthcare to invest firm capital and to manage capital from outside investors, as well as trading activities. The company was formerly known as Piper Jaffray Companies and changed its name to Piper Sandler Companies in January 2020. Piper Sandler Companies was founded in 1895 and is headquartered in Minneapolis, Minnesota.
Piper Sandler Companies provides investment banking and institutional securities services, including advisory (such as M&A and debt or restructuring), underwriting and financing, and institutional sales, trading, and research for equity and fixed income products.
The profit engine is capital markets execution, where revenues come from (1) advisory and underwriting tied to completed transactions and client capital raised, and (2) institutional brokerage tied to client trading activity.
| IBanking | $0.3B |
| InstBrok | $0.1B |
| PubFin | $0.0B |
Business quality (Solid): Clear operating focus on investment banking and institutional brokerage, with an 18.5% operating margin in the latest quarter, but limited disclosure here on gross margin and any single dominant operational driver beyond deal and brokerage revenue categories.
Valuation: At 6× earnings, PIPR trades 83% below the Trading average (34×). Note: one-time items can distort reported P/E.
| Price | $72.78 |
| Market Cap | $5.17B |
| P/E Ratio | 26.6 |
| EV / EBITDA | 15.9 |
| Price / Book | 3.32 |
| Price / Sales | 3.02 |
| DCF Value (model) | $273.23 |
| DCF Upside vs Price | 275.4% |
| Revenue (TTM) | $1.90B |
| Net Margin | 14.8% |
| Revenue Growth (YoY) | 24.3% |
| EPS Growth (YoY) | 47.6% |
| Stock P/E | 26.6 |
| Sector P/E (Financials) | 15.1 |
| Industry P/E (Trading) | 34.6 |
| vs Sector | 76.1% |
| vs Industry | -23.0% |
| Top Institutional Holder | BlackRock, Inc. ($870.16M) |
| Institutional Holders Tracked | 10 |
| Sector | Financials |
| Industry | Trading |
| CEO | Chad R. Abraham |
| Employees | 1,801 |
| Country | US |
| IPO Date | 2004-01-02 |
Data as of 2026-08-20.
Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.