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Piper Sandler PIPR Ratios & Valuation

Q1 '26Q4 '25Q3 '25Q2 '25Q1 '25
Profitability
Net margin14%+0.8pp14.8%+2.9pp13.8%+2.9pp13.2%+4.0pp13.2%+5.9pp
Returns
Return on equity22%+4.5pp21.7%+6.0pp19.3%+4.4pp17.9%+5.6pp17.6%+8.0pp
Return on assets14.3%+3.1pp11.6%+3.4pp11.1%+2.9pp10.9%+4.0pp11.2%+5.5pp
Efficiency
Asset turnover+0.2×0.8×+0.1×0.8×+0.1×0.8×+0.1×0.8×+0.1×
Leverage
Debt-to-equity0.1×0.0×0.1×0.0×0.1×0.0×0.1×0.0×0.1×0.0×
Debt-to-assets0.1×0.0×0.0×0.1×0.0×0.1×0.0×0.1×0.0×
Per Share
Book value per share$18.84+10.4%$76.97+12.0%$72.04+9.7%$69.38+8.6%$17.06-72.9%
Valuation
Market capitalization$5.46B+24.3%$5.65B+18.8%$6.14B+36.2%$4.48B+25.6%$4.39B+42.7%
Enterprise value$5.23B+19.3%$4.96B+13.4%$6.14B+43.7%$4.47B+34.1%$4.38B+41.4%
Price / earnings19.4×-2.2×20.1×-6.2×26×-1.5×21.2×-5.5×21.6×-8.5×
Price / sales2.7×-0.1×-0.1×3.6×+0.6×2.8×+0.3×2.9×+0.6×
Price / book4.1×+0.4×4.1×+0.2×4.8×+0.9×3.6×+0.5×3.6×+0.8×
EV / sales2.6×-0.3×2.6×-0.3×3.6×+0.8×2.8×+0.5×2.8×+0.6×
Earnings yield5.2%+0.5pp5%+1.2pp3.9%+0.2pp4.7%+1.0pp4.6%+1.3pp
Dividend yield2.6%+0.2pp2%+0.5pp1.8%+0.2pp2.5%+0.5pp2.5%+0.2pp
PEG ratio0.5×+0.3×0.4×+0.1×0.6×+0.4×0.4×-0.1×0.2×-10.9×

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Questions, answered.

Where do Piper Sandler's ratios come from?
Every ratio is computed from Piper Sandler's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.