Assessing Partners Group Holding (SWX:PGHN) Valuation After Recent Share Price Weakness

Simply Wall St

Thu, February 26, 2026 at 1:32 PM GMT+9 3 min read

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PGHN.SW

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PGHN

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Recent share performance and business profile

Partners Group Holding (SWX:PGHN) shares have faced pressure recently, with the stock showing a 19% decline over the past month and a 34% negative total return over the past year.

Over a longer horizon, the three year total return stands at 8.57%, while the five year total return is negative at 12.19%. Year to date, the stock is down 17.28%, with a 10.56% decline over the past 3 months.

The company reports revenue of CHF 2,321.8 and net income of CHF 1,197.9, with annual revenue growth of 10.45% and net income growth of 10.16%. Its value score is 5, providing one reference point for investors comparing it with other financial stocks.

Partners Group Holding AG, founded in 1996 and based in Baar, Switzerland, is a private equity firm active across private equity, private real estate, private infrastructure and private debt, investing globally through direct deals, secondaries and fund commitments.

See our latest analysis for Partners Group Holding.

For Partners Group Holding, the recent 18.97% 1-month share price decline and 34.01% 1-year total shareholder return loss suggest fading momentum compared with the modestly positive 3-year total shareholder return.

If this kind of pullback has you reviewing your options, it could be a good moment to look at our screener of 98 top founder-led companies as potential alternative ideas.

With the share price under pressure despite reported revenue of CHF 2,321.8 and net income of CHF 1,197.9, investors are left asking a simple question: is Partners Group now trading below its true worth or is future growth already priced in?

Most Popular Narrative: 31.9% Undervalued

Partners Group Holding’s most followed valuation narrative points to a fair value of CHF 1,251.71, which sits well above the recent CHF 852.00 close.

The trend toward broader access to private markets, accelerated by regulatory moves enabling inclusion of private assets in retirement plans and more democratized products, positions Partners Group to potentially benefit from rising asset flows from both high-net-worth and retail clients, which could lead to higher long-term AUM and increased recurring management fee revenues.

Read the complete narrative.

Want to see why this narrative points to higher long term earnings and a premium profit multiple? The key ingredients are growth, margins and time. Curious which assumptions really drive that CHF 1,251.71 fair value and how sensitive it is to small tweaks in those inputs?

Story Continues  

Result: Fair Value of CHF 1,251.71 (UNDERVALUED)

Have a read of the narrative in full and understand what’s behind the forecasts.

However, you should also weigh the risk that tougher fundraising conditions and fee pressure, especially in evergreen and bespoke products, could slow revenue growth and squeeze margins.

Find out about the key risks to this Partners Group Holding narrative.

Next Steps

Does this mix of pressure and potential leave you unsure which way to lean? Take a closer look at the full picture, including 4 key rewards and 2 important warning signs, and decide where you stand.

Looking for more investment ideas?

If this story has you rethinking your watchlist, do not stop here. Broaden your radar and let fresh ideas compete for a spot in your portfolio.

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_ This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned._

Companies discussed in this article include PGHN.SW.

Have feedback on this article? Concerned about the content? Get in touch with us directly._ Alternatively, email editorial-team@simplywallst.com_

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