Partners Group Holding (PGHN) Stock Overview
A private equity firm specializing in direct, secondary, and primary investments across private equity, private real estate, private infrastructure, and private debt. More details
| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 3/6 |
| Past Performance | 3/6 |
| Financial Health | 4/6 |
| Dividends | 5/6 |
Rewards
Risk Analysis
PGHN Community Fair Values
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Analyst Price Targets
Top Community Narratives
CHF 680
FV
4.5% overvalued intrinsic discount8.14%
Revenue growth p.a.
45
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Partners Group Holding AG Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CHF 710.80 |
| 52 Week High | CHF 1,158.00 |
| 52 Week Low | CHF 671.00 |
| Beta | 0.93 |
| 1 Month Change | -19.41% |
| 3 Month Change | -12.46% |
| 1 Year Change | -34.19% |
| 3 Year Change | -15.18% |
| 5 Year Change | -48.77% |
| Change since IPO | 746.19% |
Recent News & Updates
Narrative Update • Jun 03
PGHN: Future Upside Will Depend On Executing Cautious Private Markets Expansion
Analysts have cut their 12 month price target for Partners Group Holding to CHF 930 from CHF 1,110, reflecting updated assumptions for slightly lower revenue growth, a modestly reduced profit margin, a lower discount rate and a lower future P/E multiple. Analyst Commentary Recent Street research has turned more cautious on Partners Group Holding, with bearish analysts lowering price targets and adjusting their stance on the stock.
Narrative Update • May 19
PGHN: Dividend And Diversified Private Markets Platform Will Support Future Upside
Analysts have reduced their fair value estimate for Partners Group Holding from CHF 1,400 to CHF 1,300. This reflects a lower average price target on the stock after recent cuts and downgrades in Street research.Recent updates
Narrative Update • Jun 03
PGHN: Future Upside Will Depend On Executing Cautious Private Markets Expansion
Analysts have cut their 12 month price target for Partners Group Holding to CHF 930 from CHF 1,110, reflecting updated assumptions for slightly lower revenue growth, a modestly reduced profit margin, a lower discount rate and a lower future P/E multiple. Analyst Commentary Recent Street research has turned more cautious on Partners Group Holding, with bearish analysts lowering price targets and adjusting their stance on the stock.Narrative Update • May 19
PGHN: Dividend And Diversified Private Markets Platform Will Support Future Upside
Analysts have reduced their fair value estimate for Partners Group Holding from CHF 1,400 to CHF 1,300. This reflects a lower average price target on the stock after recent cuts and downgrades in Street research.
New Narrative • May 16
Partners Group Holding will achieve an 8.14% revenue rise over the next 5 years
A continuación tienes un Investment Memo estilo banca de inversión (sell-side / IB pitch) sobre Partners Group Holding AG (PGHN SW) integrando: Insights clave del Capital Markets Day 2026 Conocimiento sectorial tipo Simply Wall St (framework de calidad, crecimiento, riesgos y valoración implícita) Foco específico en riesgos de crédito privado + riesgos macro (recesión/estanflación/geopolítica) Investment Memo – Partners Group Holding AG Resumen Ejecutivo Rating interno: Neutral / Selectivo (Buy en horizonte largo con cautela cíclica) Tesis: Partners Group (“PG”) es una de las plataformas líderes globales en private markets con ~$185bn en AuM y fuerte posicionamiento en soluciones a medida (≈67% del AuM). Su modelo integrado y su disciplina de inversión han generado retornos superiores en múltiples ciclos.
Narrative Update • May 03
PGHN: Rebased P/E Assumptions Will Support Future Confidence In Premium Pricing
Analysts have trimmed their price target for Partners Group Holding slightly, from CHF 1,189.33 to CHF 1,178.50. They cited a modestly lower fair value and P/E assumption following recent research updates and a downgrade at Citi.Narrative Update • Apr 19
PGHN: Rebased Earnings Assumptions Will Support Future Confidence In Premium Pricing
Analysts have trimmed their price target for Partners Group Holding from about CHF1,252 to around CHF1,189, reflecting updated expectations for slightly lower revenue growth, profit margins and future P/E assumptions. Analyst Commentary Recent analyst reports offer a mix of optimism and caution on Partners Group Holding, with views split on how current fundamentals and expectations line up with the latest valuation and P/E assumptions.Narrative Update • Apr 04
PGHN: Dividend And Private Markets Execution Will Support Future Upside Potential
Analysts have raised their CHF price target on Partners Group by CHF 80, citing slightly adjusted assumptions for the discount rate, revenue growth, profit margin and future P/E. These changes leave their fair value view broadly unchanged at CHF 1,400.Narrative Update • Mar 21
PGHN: Dividend And Private Markets Expansion Will Support Future Upside Potential
Analysts have raised their CHF price target on Partners Group by CHF 80, citing updated assumptions that include slightly lower revenue growth and profit margins, as well as a marginally reduced discount rate and future P/E expectations. Analyst Commentary Recent Street research around Partners Group points to a more constructive tone, with bullish analysts revisiting their models and expressing greater confidence in the company’s ability to execute against updated assumptions on growth, margins and valuation multiples.Narrative Update • Mar 07
PGHN: Undervalued Upside Will Rely On Private Markets Expansion Execution
Analysts have raised their CHF price target on Partners Group Holding by CHF 80, citing updated assumptions for revenue growth, profit margins, and a slightly adjusted discount rate and future P/E that together refine their view of the firm's long-term earnings power. Analyst Commentary Recent research has focused on how updated assumptions for growth, margins, and discount rates feed into valuation for Partners Group Holding, with some analysts taking a more cautious tone even as targets are recalibrated.Narrative Update • Feb 21
PGHN: Undervalued Upside Will Depend On Private Markets Expansion Execution
Analysts have raised their price target on Partners Group Holding by CHF 80 to reflect slightly adjusted assumptions regarding discount rates, revenue growth, profitability, and a lower future P/E multiple in their updated valuation framework of CHF 1,110. Analyst Commentary Recent research commentary around Partners Group Holding has focused on how updated assumptions around discount rates, revenue growth, profitability, and a lower future P/E multiple feed into valuation.Narrative Update • Feb 06
PGHN: Hospitality And Private Markets Expansion Will Support Future Upside Potential
Analysts have lifted their price target on Partners Group Holding by CHF 80, reflecting updated assumptions for slightly higher revenue growth, a modestly lower discount rate, and a somewhat reduced future P/E multiple, while keeping fair value broadly unchanged at CHF 1,400. Analyst Commentary Recent research points to a constructive tone around Partners Group Holding, with price target adjustments framed around refined assumptions on revenue, discount rates, and future valuation multiples, rather than a shift in the CHF 1,400 fair value anchor.Narrative Update • Jan 22
PGHN: Higher Fair Value Will Test Execution And Hospitality Expansion
Analysts lifted their fair value estimate for Partners Group Holding by CHF 130 to CHF 1,110, reflecting updated assumptions around revenue growth, profit margin and future P/E that are broadly in line with the recent CHF 80 price target increase reported by Citi. Analyst Commentary Even with the higher fair value estimate of CHF 1,110, some bearish analysts are signaling that execution and valuation risks still matter for Partners Group Holding.Narrative Update • Jan 08
PGHN: Hospitality Real Estate Expansion Will Support Future Upside Potential
Analysts held their fair value estimate for Partners Group Holding at CHF 1,400.00. The updated target reflects slightly adjusted assumptions for discount rate, revenue growth, profit margins and a higher future P/E multiple, which together refine rather than overhaul their previous view.Narrative Update • Dec 13
PGHN: Future Profit Margins And Private Markets Expansion Will Drive Upside
Analysts have modestly lowered their price target on Partners Group Holding, trimming fair value from CHF 1,443.58 to CHF 1,400.00. Slightly softer anticipated revenue growth and a lower future P E multiple more than offset expectations for improved profit margins and a marginally reduced discount rate.Narrative Update • Nov 27
PGHN: Recent Upward Price Revision Will Drive Confidence In Resilient Performance
Analysts have marginally adjusted their price targets for Partners Group Holding. This reflects a modest increase of CHF 50 and a slight decrease of CHF 1 from recent research, as they factor in updated profitability expectations and market conditions.Narrative Update • Nov 11
PGHN: Recent Developments And Resilience Will Sustain Positive Momentum
The average analyst price target for Partners Group Holding has shifted minimally, with recent updates reflecting both slight increases and decreases as analysts cite balanced outlooks on the company’s revenue growth and profitability. Analyst Commentary Recent commentary from major research firms on Partners Group Holding reveals both optimism and caution among analysts as they update their valuation models and expectations.Narrative Update • Oct 28
Private Markets Will Expand Amid Shifting Risks And Resilient Execution
Analysts have increased their average fair value estimate for Partners Group Holding from CHF 1,238.29 to CHF 1,251.71. They cite reasons such as an improved revenue growth outlook and recent price target adjustments by major banks.Analysis Article • Sep 05
Partners Group Holding AG (VTX:PGHN) Just Reported Half-Yearly Earnings And Analysts Are Lifting Their Estimates
Partners Group Holding AG ( VTX:PGHN ) shareholders are probably feeling a little disappointed, since its shares fell...Narrative Update • Sep 04
Regulatory Moves And Digital Solutions Will Expand Private Markets
Analyst price target revisions for Partners Group Holding reflect steady operational performance and favorable FX dynamics, offset by concerns around demanding consensus estimates and premium valuation, resulting in an unchanged fair value of CHF1238. Analyst Commentary Bullish analysts cited better than expected exit activity in recent weeks as a driver for price target increases.
New Narrative • Feb 09
Expansion Into Hong Kong And Tailored Investments Will Drive Future Success
Tailored solutions and robust exit pipeline are expected to drive revenue growth and enhance future earnings.Shareholder Returns
| PGHN | CH Capital Markets | CH Market | |
|---|---|---|---|
| 7D | -14.1% | -0.6% | -1.2% |
| 1Y | -34.2% | 14.3% | 6.6% |
Return vs Industry: PGHN underperformed the Swiss Capital Markets industry which returned 14.3% over the past year.
Return vs Market: PGHN underperformed the Swiss Market which returned 6.6% over the past year.
Price Volatility
| PGHN volatility | |
|---|---|
| PGHN Average Weekly Movement | 6.0% |
| Capital Markets Industry Average Movement | 4.0% |
| Market Average Movement | 4.5% |
| 10% most volatile stocks in CH Market | 8.2% |
| 10% least volatile stocks in CH Market | 2.4% |
Stable Share Price: PGHN has not had significant price volatility in the past 3 months compared to the Swiss market.
Volatility Over Time: PGHN's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1996 | 2,027 | David Layton | www.partnersgroup.com/en |
Partners Group Holding AG is a private equity firm specializing in direct, secondary, and primary investments across private equity, private real estate, private infrastructure, and private debt. The firm also makes fund of funds investments. It seeks to invest in distressed, special situations, later stage, mature, early venture, mid venture, late venture, industry consolidation, buyouts, recapitalizations, emerging growth, and seed capital.
Partners Group Holding AG Fundamentals Summary
| PGHN fundamental statistics | |
|---|---|
| Market cap | CHF 18.33b |
| Earnings (TTM) | CHF 1.26b |
| Revenue (TTM) | CHF 2.55b |
14.5x
P/E Ratio7.2x
P/S RatioIs PGHN overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| PGHN income statement (TTM) | |
|---|---|
| Revenue | CHF 2.55b |
| Cost of Revenue | CHF 815.70m |
| Gross Profit | CHF 1.74b |
| Other Expenses | CHF 478.40m |
| Earnings | CHF 1.26b |
Last Reported Earnings
Dec 31, 2025
Next Earnings Date
Sep 01, 2026
| Earnings per share (EPS) | 48.90 |
| Gross Margin | 68.07% |
| Net Profit Margin | 49.35% |
| Debt/Equity Ratio | 109.1% |
How did PGHN perform over the long term?
See historical performance and comparisonDividends
6.5%
Current Dividend Yield95%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/07 01:27 |
| End of Day Share Price | 2026/06/05 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Partners Group Holding AG is covered by 20 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Gerhard Schwarz | Baader Helvea Equity Research |
| Michael Sanderson | Barclays |
| Christopher Turner | Berenberg |