# Pershing Square share price today (Pershing Square Inc., PS)

> Pershing Square Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. PS · Financials · Asset Management · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/ps

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## Key numbers

- Price: $46.66
- P/BV: 13.7×, against its own history
- Revenue (Jun 2026): $54.2 M (+1.9% on a year ago)
- Profit (Jun 2026): −$42.7 M (−280.4% on a year ago)
- Net margin: −78.8% (−123.3 points on a year ago)
- ROE: 3%, FY25

Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business. ## What is the Pershing Square share price today? Pershing Square Inc.'s share price was $46.66 at the close on 3 November 2026. Since its first close in our records, on 1 May 2026, it has traded between $32 and $56, and at that close it sat 61% of the way up from that low. Over the past 13 weeks it has done better than the S&P 500, and it has stayed ahead for 12 weeks in a row. Over the last 6 months the share price moved +23% while the S&P 500 moved +5%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Pershing Square pay? Pershing Square Inc. pays no dividend. In the last 10 reported quarters it declared no dividend per share, so there is no payout history to chart and no yield to show. Companies like this usually keep their earnings in the business, so the cash-flow sections show where that cash goes. ## Which stock lists is Pershing Square on? Pershing Square is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is Pershing Square profitable? Pershing Square Inc. posted a net loss of $42.7 M in the Jun 2026 quarter. Full-year FY25 profit was $250 M. Over 2 years profit has grown 9.2% a year on average. That loss is 78.8% of the quarter's revenue. The same quarter a year earlier earned $23.7 M. 4 of the last 10 reported quarters were loss-making. Jun 2026 profit was −$42.7 M, −280.4% on a year earlier. ## How much revenue does Pershing Square make, and is it growing? Pershing Square Inc. reported $54.2 M of income in the Jun 2026 quarter, +1.9% on the same quarter a year earlier. That is the 6th quarter in a row with growth on the year before. Over 2 years it has grown 22.0% a year on average. The last full year, FY25, came in at $763 M. The last four reported quarters add to $769 M. FY25 revenue was $763 M, +67.4% on the year before. Recent pace: the last four quarters grew +33.8% on average, against 22.0% a year over the longer run, so this year is growing faster than its own long-run rate. ## How much does Pershing Square keep from what it earns? Pershing Square Inc.'s net margin was −78.8% in the Jun 2026 quarter, 123.3 percentage points lower than the same quarter a year ago. Across 3 years it has been between −3.1% and 40.9%. The latest quarter is below every full year in that period. Why: the net margin move is clear, but the cost details behind it are not in our data, so we show the move without guessing the reason. ## How many of Pershing Square's loans have gone bad? Pershing Square Inc. does not report loan-quality figures this page can read, so this section says so rather than guess. No bad-loan figures are filed in a form this page can read, and none are guessed from the profit line. The income, margin and return sections carry what this business does report. Why: loan quality drives a lender, but its details (new bad loans, recoveries, money set aside) are not in our data for this company. The sections around this one carry what we can back up. ## How fast is Pershing Square's loan book growing? Pershing Square Inc.'s revenue was $763 M in FY25, +67.4% on the year before, so the loan book is growing. The latest quarter was +1.9% on a year earlier. The net margin on that income is −78.8%, −123.3 percentage points on a year ago. Interest income stands in for the size of the loan book; changes in interest rates can move it a few points in any year. In short: a lender grows well when its loan book grows, its margin stays steady and its loans stay clean. Quarterly loan-quality figures are missing here, so revenue growth and margin are the two we watch. ## What is Pershing Square's P/BV ratio, and how does it compare with its own history? Pershing Square Inc.'s P/BV is 13.7×, with too little history to compare. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is low: this lender earns about 3% a year on its equity. A lender that earns less on its net worth is valued lower for each dollar of it, and that gap usually closes only if returns improve. In short: there is too little history to say whether the multiple is high or low for this company, so the book value trend underneath matters more than the multiple. ## Is the Pershing Square business getting better or worse? Pershing Square Inc.'s business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 6 quarters of 1 measure, with some gaps. Why it matters: with too little history, we say so rather than guess a direction. One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result. There are fewer than eight usable quarters, so this page does not guess a direction from so little history. ## How much does Pershing Square earn on its equity and assets? Pershing Square Inc. earned a return on equity of 23% in FY25. Its lowest yearly reading on file was −2% in FY24. On its assets, every $100 earned about $1.98, before the effect of borrowing. For a lender the balance sheet is the business, so the return on equity and on assets have to be read together. That is above the level a bank needs to grow its net worth steadily. Why ROE moved: profit grew 9.2% a year over 2 years while net worth grew more slowly. When earnings recover faster than net worth builds up, ROE climbs off its low. ## Does Pershing Square have too much debt? For a bank, borrowing is the raw material of the business, not a warning sign: it borrows money in order to lend it out. Its safety is read through its returns and its loans. Its safety is read from the bad-loan figures and the return on equity instead. For a manufacturer, debt is a claim on its profits. For a lender it is the stock it trades in, so the usual debt-to-equity test would mislead and is not used here. ## What is the Pershing Square shareholding pattern? 1.3% of Pershing Square Inc.'s tradable shares are in short positions, which are bets that the price will fall, so very few traders are betting against this stock. At normal trading volumes, closing those positions would take about 3.2 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is Pershing Square from balance-sheet trouble? For Pershing Square Inc., the Z-score is not used, because it was built for manufacturers, not lenders. For a lender, safety is read from its capital and bad-loan figures instead. ## How does Pershing Square rank in its industry? 51.5 out of 100, rank 29 of 30 in Asset Management, with 35% of the evidence available. It is provisional, so it is ranked below companies with full evidence. Pershing Square Inc. scores 51.5 out of 100 against the 30 companies it is compared with in Asset Management, ranking 29. Some evidence is missing, so the score is pulled toward the middle on purpose. The three scored parts add up to the total exactly: 27.4 + 12.8 + 11.3 = 51.5 (no relative-strength reading this week; its 20 points are shared across the other three). This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if ROA turns down or gross NPA rises while the share price lags its sector. ## Which companies is Pershing Square compared with? Pershing Square ranks 29 of 30 Asset Management companies on the 4-Factor Sector Score, with 51.5 out of 100. 1. [Victory Capital Holdings, Inc.](https://www.sectoralpha.in/us/stocks/vctr) VCTR · leader · Most evidence points up · 76% evidence 71.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.9/35 · Income 51.4% · Profit 33.2% · 71% evidence Capital efficiency 18.8/25 · ROA 10.6% · ROE 18.8% · GNPA n/a · 68% evidence Valuation 13.3/20 · P/BV 2.21× · P/BV÷ROE 0.12 · 70% evidence Relative strength 17.0/20 · Lead over its industry 28.1% · Lead over S&P 500 30.9% · 1 year 89.1% · 100% evidence · 12 of 12 weeks ahead Exact sum: 21.9 + 18.8 + 13.3 + 17 = 71 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Northern Trust Corporation](https://www.sectoralpha.in/us/stocks/ntrs) NTRS · quiet · Most evidence points up · 80% evidence 66.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.2/35 · Income 17.6% · Profit 41.8% · 81% evidence Capital efficiency 16.4/25 · ROA 1.8% · ROE 24% · GNPA n/a · 68% evidence Valuation 14.7/20 · P/BV 2.32× · P/BV÷ROE 0.1 · 70% evidence Relative strength 9.3/20 · Lead over its industry 0.9% · Lead over S&P 500 3.2% · 1 year 32.8% · 100% evidence · 4 of 12 weeks ahead Exact sum: 26.2 + 16.4 + 14.7 + 9.3 = 66.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Equitable Holdings, Inc.](https://www.sectoralpha.in/us/stocks/eqh) EQH · leader · Most evidence points up · 67% evidence 65.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.7/35 · Income -22.5% · Profit -344.3% · 45% evidence Capital efficiency 13.2/25 · ROA 0.8% · ROE 144.8% · GNPA n/a · 68% evidence Valuation 14.8/20 · P/BV 10.1× · P/BV÷ROE 0.07 · 70% evidence Relative strength 19.3/20 · Lead over its industry 11.9% · Lead over S&P 500 14.1% · 1 year 22% · 100% evidence · 12 of 12 weeks ahead Exact sum: 17.7 + 13.2 + 14.8 + 19.3 = 65 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Blackstone Inc.](https://www.sectoralpha.in/us/stocks/bx) BX · quiet · Evidence leans up · 80% evidence 63.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.2/35 · Income 20.9% · Profit 31.3% · 81% evidence Capital efficiency 20.1/25 · ROA 19.2% · ROE 43% · GNPA n/a · 68% evidence Valuation 14.1/20 · P/BV 4.27× · P/BV÷ROE 0.1 · 70% evidence Relative strength 3.5/20 · Lead over its industry -14.3% · Lead over S&P 500 -12.7% · 1 year -19% · 100% evidence · 3 of 12 weeks ahead Exact sum: 26.2 + 20.1 + 14.1 + 3.5 = 63.9 · What this means: Earnings are strong; relative strength in its sector is -14.3% and the one-year return is -19%. 5. [Franklin Resources, Inc.](https://www.sectoralpha.in/us/stocks/ben) BEN · quiet · Evidence leans up · 76% evidence 63.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.2/35 · Income 7.9% · Profit 100% · 71% evidence Capital efficiency 13.6/25 · ROA 3% · ROE 9.6% · GNPA n/a · 68% evidence Valuation 13.3/20 · P/BV 1.2× · P/BV÷ROE 0.13 · 70% evidence Relative strength 12.3/20 · Lead over its industry 4.5% · Lead over S&P 500 6.9% · 1 year 45.6% · 100% evidence · 3 of 12 weeks ahead Exact sum: 24.2 + 13.6 + 13.3 + 12.3 = 63.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [State Street Corporation](https://www.sectoralpha.in/us/stocks/stt) STT · quiet · Evidence leans up · 80% evidence 61.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.8/35 · Income 13.7% · Profit 25.1% · 81% evidence Capital efficiency 13.3/25 · ROA 1.1% · ROE 15.5% · GNPA n/a · 68% evidence Valuation 14.4/20 · P/BV 1.67× · P/BV÷ROE 0.11 · 70% evidence Relative strength 11.1/20 · Lead over its industry 4.3% · Lead over S&P 500 6.7% · 1 year 43.4% · 100% evidence · 5 of 12 weeks ahead Exact sum: 22.8 + 13.3 + 14.4 + 11.1 = 61.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [SEI Investments Company](https://www.sectoralpha.in/us/stocks/seic) SEIC · losing its lead · Evidence leans up · 80% evidence 61.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.8/35 · Income 12.8% · Profit 1.7% · 81% evidence Capital efficiency 19.8/25 · ROA 14.9% · ROE 28.5% · GNPA n/a · 68% evidence Valuation 10.4/20 · P/BV 4.28× · P/BV÷ROE 0.15 · 70% evidence Relative strength 16.3/20 · Lead over its industry 8.3% · Lead over S&P 500 10.6% · 1 year 27.2% · 100% evidence · 8 of 12 weeks ahead Exact sum: 14.8 + 19.8 + 10.4 + 16.3 = 61.3 · What this means: Relative strength against the index is 10.6%, and revenue and profit growth are weak. 8. [BlackRock, Inc.](https://www.sectoralpha.in/us/stocks/blk) BLK · breaking out · Evidence leans up · 80% evidence 60.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.6/35 · Income 24.7% · Profit 13.4% · 81% evidence Capital efficiency 15.8/25 · ROA 3.6% · ROE 12.8% · GNPA n/a · 68% evidence Valuation 8.5/20 · P/BV 2.54× · P/BV÷ROE 0.2 · 70% evidence Relative strength 15.2/20 · Lead over its industry 1.6% · Lead over S&P 500 3.8% · 1 year 7.3% · 100% evidence · 4 of 12 weeks ahead Exact sum: 20.6 + 15.8 + 8.5 + 15.2 = 60.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [Affiliated Managers Group, Inc.](https://www.sectoralpha.in/us/stocks/amg) AMG · breaking out · Evidence leans up · 76% evidence 59.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.5/35 · Income 11.9% · Profit 93.7% · 71% evidence Capital efficiency 15.9/25 · ROA 3.2% · ROE 13.5% · GNPA n/a · 68% evidence Valuation 10.5/20 · P/BV 2.13× · P/BV÷ROE 0.16 · 70% evidence Relative strength 13.1/20 · Lead over its industry 7% · Lead over S&P 500 9.4% · 1 year 42.5% · 100% evidence · 3 of 12 weeks ahead Exact sum: 19.5 + 15.9 + 10.5 + 13.1 = 59 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [Ameriprise Financial, Inc.](https://www.sectoralpha.in/us/stocks/amp) AMP · quiet · Evidence leans up · 76% evidence 57.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.0/35 · Income 9.1% · Profit 22.4% · 71% evidence Capital efficiency 17.3/25 · ROA 2.4% · ROE 57.4% · GNPA n/a · 68% evidence Valuation 13.0/20 · P/BV 6.48× · P/BV÷ROE 0.11 · 70% evidence Relative strength 7.1/20 · Lead over its industry -3.8% · Lead over S&P 500 -1.8% · 1 year 9.4% · 100% evidence · 5 of 12 weeks ahead Exact sum: 20 + 17.3 + 13 + 7.1 = 57.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Corebridge Financial, Inc.](https://www.sectoralpha.in/us/stocks/crbg) CRBG · leader · Too little evidence to rank firmly · 55% evidence 55.9 out of 100 Growth Capital Valuation Relative
12. [Brookfield Asset Management Ltd.](https://www.sectoralpha.in/us/stocks/bam) BAM · basing · Evidence leans up · 76% evidence 55.5 out of 100 Growth Capital Valuation Relative
13. [Principal Financial Group, Inc.](https://www.sectoralpha.in/us/stocks/pfg) PFG · turning · Evidence leans up · 76% evidence 55.4 out of 100 Growth Capital Valuation Relative
14. [T. Rowe Price Group, Inc.](https://www.sectoralpha.in/us/stocks/trow) TROW · basing · Evidence leans up · 76% evidence 55.1 out of 100 Growth Capital Valuation Relative
15. [Ares Management Corporation](https://www.sectoralpha.in/us/stocks/ares) ARES · basing · Evidence leans up · 76% evidence 54.9 out of 100 Growth Capital Valuation Relative
16. [Raymond James Financial, Inc.](https://www.sectoralpha.in/us/stocks/rjf) RJF · basing · Evidence leans down · 76% evidence 48.5 out of 100 Growth Capital Valuation Relative
17. [Invesco Ltd.](https://www.sectoralpha.in/us/stocks/ivz) IVZ · quiet · Evidence leans down · 67% evidence 45.7 out of 100 Growth Capital Valuation Relative
18. [Brookfield Corporation](https://www.sectoralpha.in/us/stocks/bn) BN · basing · Evidence leans down · 76% evidence 44.1 out of 100 Growth Capital Valuation Relative
19. [TPG Inc.](https://www.sectoralpha.in/us/stocks/tpg) TPG · turning · Evidence leans down · 64% evidence 44.0 out of 100 Growth Capital Valuation Relative
20. [Blue Owl Capital Inc.](https://www.sectoralpha.in/us/stocks/owl) OWL · quiet · Evidence leans down · 76% evidence 43.9 out of 100 Growth Capital Valuation Relative
21. [Main Street Capital Corporation](https://www.sectoralpha.in/us/stocks/main) MAIN · quiet · Evidence leans down · 76% evidence 38.3 out of 100 Growth Capital Valuation Relative
22. [KKR & Co. Inc.](https://www.sectoralpha.in/us/stocks/kkr) KKR · basing · Evidence leans down · 76% evidence 36.4 out of 100 Growth Capital Valuation Relative
23. [Ares Capital Corporation](https://www.sectoralpha.in/us/stocks/arcc) ARCC · basing · Evidence leans down · 76% evidence 35.7 out of 100 Growth Capital Valuation Relative
24. [StepStone Group Inc.](https://www.sectoralpha.in/us/stocks/step) STEP · quiet · Most evidence points down · 67% evidence 33.6 out of 100 Growth Capital Valuation Relative
25. [Blackstone Secured Lending Fund](https://www.sectoralpha.in/us/stocks/bxsl) BXSL · quiet · Most evidence points down · 76% evidence 31.5 out of 100 Growth Capital Valuation Relative
26. [Apollo Global Management, Inc.](https://www.sectoralpha.in/us/stocks/apo) APO · quiet · Most evidence points down · 64% evidence 29.2 out of 100 Growth Capital Valuation Relative
27. [The Carlyle Group Inc.](https://www.sectoralpha.in/us/stocks/cg) CG · basing · Most evidence points down · 64% evidence 23.5 out of 100 Growth Capital Valuation Relative
28. [Janus Henderson Group plc](https://www.sectoralpha.in/us/stocks/jhg) JHG · Too little evidence to rank firmly · 43% evidence 73.8 out of 100 Growth Capital Valuation Relative
29. Pershing Square Inc. this page PS · breaking out · Too little evidence to rank firmly · 35% evidence 51.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.4/43.75 · Income 68.6% · Profit n/a · 45% evidence Capital efficiency 12.8/31.25 · ROA 3.2% · ROE -64.6% · GNPA n/a · 68% evidence Valuation 11.3/25 · P/BV 9.33× · P/BV÷ROE n/a · 10% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 27.4 + 12.8 + 11.3 = 51.5 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 30. [Maase Inc.](https://www.sectoralpha.in/us/stocks/maas) MAAS · quiet · Too little evidence to rank firmly · 44% evidence 47.6 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. Financial companies use P/BV÷ROE and asset quality; PEG, industrial OPM and ROCE are excluded. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Asset Management](https://www.sectoralpha.in/us/sectors/asset-management), all 30 compared on one page. ## Which companies are close to Pershing Square in size? Pershing Square is the 14th largest of 90 Asset Management companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: Raymond James Financial, Inc., Principal Financial Group, Inc. and T. Rowe Price Group, Inc. Just below it: TPG Inc., Franklin Resources, Inc. and Blue Owl Capital Inc. ### Asset Management companies close in size

1. [Raymond James Financial, Inc.](https://www.sectoralpha.in/us/stocks/rjf) $31.1 billion
2. [Principal Financial Group, Inc.](https://www.sectoralpha.in/us/stocks/pfg) $23.9 billion
3. [T. Rowe Price Group, Inc.](https://www.sectoralpha.in/us/stocks/trow) $22.7 billion
4. Pershing Square Inc. $18.7 billion
5. [TPG Inc.](https://www.sectoralpha.in/us/stocks/tpg) $18.6 billion
6. [Franklin Resources, Inc.](https://www.sectoralpha.in/us/stocks/ben) $16.4 billion
7. [Blue Owl Capital Inc.](https://www.sectoralpha.in/us/stocks/owl) $16.2 billion

[All 90 Asset Management companies, largest first](https://www.sectoralpha.in/us/sectors/asset-management#all-companies)

### Companies close in size in other industries

1. [Jacobs Solutions Inc.](https://www.sectoralpha.in/us/stocks/j) $18.8 billion · Engineering & Construction
2. [Ovintiv Inc.](https://www.sectoralpha.in/us/stocks/ovv) $18.7 billion · Oil & Gas Exploration & Production
3. Pershing Square Inc. $18.6 billion
4. [General Mills, Inc.](https://www.sectoralpha.in/us/stocks/gis) $18.6 billion · Packaged Foods
5. [Zimmer Biomet Holdings, Inc.](https://www.sectoralpha.in/us/stocks/zbh) $18.6 billion · Medical Devices

## What else do people ask about Pershing Square? ### What is Pershing Square's stock price today? Pershing Square Inc.'s stock price is $46.66. The whole company is worth $18.7 B on the market. In the last 52 weeks it traded between $32 to $56; today it is 61% of the way up from the low (as of 3 November 2026). ### What were Pershing Square's latest quarterly results? Pershing Square Inc. reported total income of $54.2 M and a net loss of $42.7 M for the Jun 2026 quarter. Income rose 1.9% and profit fell 280.4% compared with a year earlier. Earnings per share were −$0.11 (as of 3 November 2026). ### What is Pershing Square's market cap? Pershing Square Inc.'s market capitalisation is $18.7 B at a stock price of $46.66. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Pershing Square performing? Pershing Square Inc.'s latest readings are below. In its latest quarter, income rose 1.9% and profit fell 280.4% compared with a year earlier. Over the past 13 weeks it has done better than the S&P 500, for 12 weeks running. This describes what the data did, not a rating (as of 3 November 2026). ### Will Pershing Square's stock price go up? This page does not forecast Pershing Square Inc.'s stock price. What it shows instead: the stock price is $46.66. Nobody can reliably say which way a price will move, and this site does not try (as of 3 November 2026). ### Where is Pershing Square in its business cycle? Pershing Square Inc.'s FY25 net margin was 32.8%, against a 3-year range of −3.1% to 40.9%: the middle of its own range, neither a peak nor a low. The latest quarter was −78.8%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Pershing Square story? Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Pershing Square a stock worth studying right now? What the numbers show: Pershing Square Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). This is research, not advice. We’re not SEBI-registered.