PGRE

Paramount Group Inc

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Advanced Chart

6.500

+0.08(1.246%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

6.540

Open

6.380

VWAP

6.45

Vol

2.30M

Mkt Cap

1.43B

Low

6.305

Amount

14.87M

EV/EBITDA(TTM)

46.03

Total Shares

217.33M

5.73B

EV/OCF(TTM)

27.93

P/S(TTM)

1.88

Paramount Group, Inc. is a real estate investment trust (REIT), which is focused on owning, operating, managing, acquiring and redeveloping Class A office properties in select central business district submarkets of New York City and San Francisco. The Company conducts its business through, and substantially all its interests in properties and investments are held by Paramount Group Operating Partnership LP (the Operating Partnership). The Company's segments include New York and San Francisco. It owns and/or manages approximately eight wholly and partially owned properties aggregating 8.7 million square feet in New York; six wholly and partially owned properties aggregating 4.3 million square feet in San Francisco, and four managed properties aggregating 0.8 million square feet in New York and Washington, D.C. The Company also has an investment management business, where it serves as the general partner of real estate funds for institutional investors and high net-worth individuals.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2026Q1

FY2025Q4

FY2025Q3

166.35M

-11.05%

170.53M

-8.45%

172.47M

-11.51%

Estimates Revision

The market is revising No Change the revenue expectations for Paramount Group, Inc. (PGRE) for FY2025, with the revenue forecasts being adjusted by 0% over the past three months. During the same period, the stock price has changed by 40.69%.

Revenue Estimates for FY2025

No Change

0.00%

In Past 3 Month

Stock Price

Go Up

+40.69%

In Past 3 Month

4 Analyst Rating

-16.31% Downside

Wall Street analysts forecast PGRE stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for PGRE is 5.44 USD with a low forecast of 3.25 USD and a high forecast of 8.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

2 Buy

0 Hold

2 Sell

Hold

-16.31% Downside

Current: 6.500

Low

3.25

Averages

5.44

High

8.00

-16.31% Downside

Current: 6.500

Low

3.25

Averages

5.44

High

8.00

Mizuho

Outperform

maintain

$5 -> $6

2025-07-14

Reason

Mizuho

Price Target

$5 -> $6

2025-07-14

maintain

Outperform

Reason

Mizuho raised the firm's price target on Paramount Group to $6 from $5 and keeps an Outperform rating on the shares. Heading into the Q2 reports the firm remains neutral on office names. It sees a "high bar" given the share outperformance over the last three months. Risk premiums "now screen rich," the analyst tells investors in a research note.

Evercore ISI

In Line -> Outperform

upgrade

2025-05-20

Reason

Evercore ISI

Price Target

2025-05-20

upgrade

In Line -> Outperform

Reason

Evercore ISI upgraded Paramount Group to Outperform from In Line with a price target of $8, up from $4.50.

Evercore ISI

In Line

Outperform

upgrade

2025-05-20

Reason

Evercore ISI

Price Target

2025-05-20

upgrade

In Line

Outperform

Reason

As previously reported, Evercore ISI upgraded Paramount Group to Outperform from In Line with a price target of $8, up from $4.50, after the company announced that its board had formed a committee to explore strategic alternatives and hired BofA to assist in this process. No outcome is ruled out at this point, but the firm thinks "it is more likely than not" that the company is exploring a sale and notes that its detailed bottom-up asset-by-asset calculation arrives at a current net asset value for the company that the firm estimates "conservatively" at $8.03 to a high of $12.75 with a $10.26 midpoint. However, in the case of an outright sale, Evercore doesn't believe an entity level buyer would actually pay "NAV" as there are risks attached, the analyst added.

Morgan Stanley

Ronald Kamdem

Hold

Maintains

$4.25 → $4

2025-03-18

Reason

Morgan Stanley

Ronald Kamdem

Price Target

$4.25 → $4

2025-03-18

Maintains

Hold

Reason

Morgan Stanley lowered the firm's price target on Paramount Group to $4 from $4.25 and keeps an Equal Weight rating on the shares. The firm lowered its FY25 and FY26 FFO per share estimates to 53c and 37c from 57c and 41c, respectively.

Wells Fargo

Blaine Heck

Sell

Maintains

$3.5 → $4

2024-09-11

Reason

Wells Fargo

Blaine Heck

Price Target

$3.5 → $4

2024-09-11

Maintains

Sell

Reason

See All Ratings

Valuation Metrics

The current forward P/E ratio for Paramount Group Inc (PGRE.N) is -14.27, compared to its 5-year average forward P/E of 18.55. For a more detailed relative valuation and DCF analysis to assess Paramount Group Inc 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

N/A

5Y Average PE

18.55

Current PE

-14.27

Overvalued PE

232.70

Undervalued PE

-195.59

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

Overvalued

5Y Average EV/EBITDA

15.23

Current EV/EBITDA

17.90

Overvalued EV/EBITDA

16.69

Undervalued EV/EBITDA

13.77

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Fair

5Y Average PS

2.04

Current PS

1.98

Overvalued PS

2.68

Undervalued PS

1.39