PGHN.SW · Intrinsic value
Is Partners Group Holding AG (PGHN.SW) overvalued or undervalued?
Partners Group Holding AG (PGHN.SW) trades at the delayed market price of CHF 612.00 a share. That price already implies revenue growth of 2.7% a year for 5 years. TickerWorth's fair value is CHF 579.18 a share (priced within our range of CHF 463.56 – CHF 712.77). We do not call it over- or undervalued from inside our range.
Model by Miraaj Patel · generated from market data · Updated Oct 19, 2026 · How these pages are made
Is PGHN.SW fairly valued?
- Fair value
- CHF 579.18
- Market price
- CHF 612.00
- Downside to fair value
- 5.4%
- Verdict
- Priced within our range of CHF 463.56 – CHF 712.77
Reverse DCF: Today's price implies revenue growth of 2.7% a year for 5 years; our model assumes −1.8% a year on average over the same horizon.
What is PGHN.SW's TickerWorth Score?
Scores lower than almost every company we compare it with
Compared with Financial Services companies in Europe
Its strongest point: a profitable, high-quality business. Its weakest: balance sheet looks stretched.
- Value · 37 of 100
Cheaper than 37% of Financial Services companies in Europe
- Price vs worth · 44 of 100
- Quality · 90 of 100
More profitable than 90% of Financial Services companies in Europe
- Financial health · 12 of 100
Financially stronger than 12% of Financial Services companies in Europe
- Growth · 13 of 100
Growing faster than 13% of Financial Services companies in Europe
- Momentum · 0 of 100
Outperformed almost none of the Financial Services companies in Europe over the past year
Confidence: High confidence · Scored
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PGHN.SW DCF valuation, input by input
TickerWorth's fair value for Partners Group Holding AG (PGHN.SW) is CHF 579.18 a share, against the delayed market price of CHF 612.00 (priced within our range of CHF 463.56 – CHF 712.77). We do not call it over- or undervalued from inside our range. It is a model estimate, and every input behind it is sourced below. This is an educational model, not a price target or a recommendation.
Read the full reasoning
One of the lenses behind that blended figure is a discounted-cash-flow model, which on its own values PGHN.SW at about 463.56 per share. The rest of this page walks through that DCF — its assumptions, reverse-DCF and discount-rate sensitivity — because it is the auditable anchor of the blend.
The valuation discounts Partners Group Holding AG's projected free cash flows at a weighted-average cost of capital (WACC) of 9.1%, with a long-run terminal growth rate of 2.5%. About 73% of the enterprise value comes from the terminal value — the portion beyond the explicit forecast window — which is typical for a stable, cash-generative business and a reminder that small changes in the discount rate or terminal growth assumption swing the intrinsic value meaningfully.
Running the DCF in reverse — solving for the growth the current price already assumes — the market is implying roughly 2.7% annual revenue growth for PGHN.SW. Our base case instead compounds to about -1.8% a year over the same forecast, so the market is pricing in materially faster growth than our base case. The reverse-DCF is a quick sanity check: it reframes 'is this stock cheap?' as 'do I believe the growth the price requires?' rather than arguing over a single point estimate of fair value.
Sensitivity matters more than any single number. Across a reasonable band of discount-rate assumptions, PGHN.SW's modeled DCF value ranges from about 322.69 to 773.49 per share. If that range still sits below today's price, the market is optimistic relative to the model across the whole band; if it brackets the price, the stock is roughly fairly valued on our assumptions. Use the interactive slider to see exactly where your own cost-of-capital view lands.
How to read this page: the DCF fair value is what Partners Group Holding AG would be worth if its cash flows grow as modeled and are discounted at the stated WACC. The assumptions table shows every input and its source; the reverse-DCF shows what the market believes; the sensitivity band shows how fragile the answer is. None of this is investment advice — it is a transparent, auditable framework for forming your own view of PGHN.SW's intrinsic value. Figures update as new filings and prices come in.
Every input behind PGHN.SW's DCF
| Input | Value |
|---|---|
| Base-year revenueLive feed — totalRevenue (TTM) | 2,465,700,000 |
| Base EBIT marginComputed — trailing operatingMargins, held roughly flat | 59.4% |
| Forecast revenue growthESTIMATEAssumption — TickerWorth's 5-year explicit forecast | -7% → -5% → -2% → 1% → 4% |
| Risk-free rateLive feed — US 10-year Treasury yield (^TNX) | 5.2% |
| BetaLive feed — yfinance, 5-year monthly beta vs the S&P 500 (clamped to 0.4–2.5) | 0.96 |
| Terminal growthESTIMATEAssumption — TickerWorth house default 2.5%, held below WACC | 2.5% |
| Diluted sharesLive feed — sharesOutstanding | 26M |
| Market priceLast known price · as of 2026-10-19 20:14 UTC | 612.00 |
Change PGHN.SW's assumptions
The discount-rate dial and the editable model
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What does Partners Group Holding AG do?
What does it do?
Partners Group Holding AG is a private equity firm specializing in direct, secondary, and primary investments across private equity, private real estate, private infrastructure, private credit, private debt, royalties, and special opportunities. The firm also makes fund of funds investments. It operates in the Asset Management industry (Financial Services sector), headquartered in Switzerland. The company employs roughly 2,056 people.
How does it make money?
The business turns 2.5B in annual revenue into profit. Out of every $100 of sales, about $59 is left as operating profit (operating margin of 59.4%), after a 68% gross margin on the products/services it sells. After all costs, taxes and interest, 48.0% of revenue becomes bottom-line net profit.
Is it financially healthy?
Financially it looks stretched: carries moderate debt (1.9× equity), can just cover its short-term bills (1.1× current ratio), and is currently profitable.
PGHN.SW insider trading
Insider filings are available for US-listed companies only.
Common questions
What is PGHN.SW's intrinsic value?
TickerWorth's blended fair value for Partners Group Holding AG (PGHN.SW) is CHF 579.18 per share, versus a market price of CHF 612.00 (priced within our range of CHF 463.56 – CHF 712.77).
Is PGHN.SW overvalued or undervalued?
Priced within our range of CHF 463.56 – CHF 712.77 at CHF 612.00. We don't call PGHN.SW overvalued or undervalued from a range. This is an educational estimate, not advice.
What discount rate is used for PGHN.SW?
A WACC of 9.1% and a terminal growth rate of 2.5%.
Is Partners Group stock undervalued?
TickerWorth's fair value for Partners Group Holding AG (PGHN.SW) is CHF 579.18 against a market price of CHF 612.00. Our read: Priced within our range of CHF 463.56 – CHF 712.77. This is a model estimate, not investment advice.
Partners Group (PGHN.SW) DCF valuation and fair value
Our fair value for Partners Group Holding AG (PGHN.SW) is CHF 579.18, built on a 9.1% discount rate (WACC) and 2.5% terminal growth. It blends our discounted-cash-flow model with other valuation lenses. Every assumption is listed on this page with its source.
What growth is priced into Partners Group stock?
Today's price implies revenue growth of 2.7% a year for 5 years; our model assumes −1.8% a year on average over the same horizon. This is a reverse DCF: it holds our cash-flow model's other inputs and solves for the revenue growth that makes the model equal today's price of CHF 612.00. A model estimate, not investment advice.
Partners Group (PGHN.SW) insider trading
We have no recent SEC Form 4 insider filings on file for Partners Group Holding AG (PGHN.SW). Form 4 covers US-listed companies only.
Not investment advice. TickerWorth Score is a model output.
Educational tool. Every output reflects the assumptions shown — not a prediction and not investment advice. TickerWorth is not a licensed investment adviser, and these figures are estimates from public filings and market data that can be wrong.