STEP Valuation

StepStone Group Inc

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61.710

+3(5.110%)1D

Overview
Forecast
Valuation
Earnings

STEP Relative Valuation

STEP's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, STEP is overvalued; if below, it's undervalued.

Historical Valuation

StepStone Group Inc (STEP) is now in the Fair zone, suggesting that its current forward PE ratio of 28.98 is considered Fairly compared with the five-year average of 26.78. The fair price of StepStone Group Inc (STEP) is between 40.16 to 65.26 according to relative valuation methord.

Relative Value

Fair Zone

40.16-65.26

Current Price：61.71

Fair

28.98

Trailing

Forward

13.01

EV/EBITDA

StepStone Group Inc. (STEP) has a current EV/EBITDA of 13.01. The 5-year average EV/EBITDA is 11.11. The thresholds are as follows: Strongly Undervalued below 6.29, Undervalued between 6.29 and 8.70, Fairly Valued between 13.52 and 8.70, Overvalued between 13.52 and 15.93, and Strongly Overvalued above 15.93. The current Forward EV/EBITDA of 13.01 falls within the Historic Trend Line -Fairly Valued range.

13.23

EV/EBIT

StepStone Group Inc. (STEP) has a current EV/EBIT of 13.23. The 5-year average EV/EBIT is 11.83. The thresholds are as follows: Strongly Undervalued below 6.57, Undervalued between 6.57 and 9.20, Fairly Valued between 14.47 and 9.20, Overvalued between 14.47 and 17.10, and Strongly Overvalued above 17.10. The current Forward EV/EBIT of 13.23 falls within the Historic Trend Line -Fairly Valued range.

4.00

StepStone Group Inc. (STEP) has a current PS of 4.00. The 5-year average PS is 3.20. The thresholds are as follows: Strongly Undervalued below 1.63, Undervalued between 1.63 and 2.42, Fairly Valued between 3.99 and 2.42, Overvalued between 3.99 and 4.78, and Strongly Overvalued above 4.78. The current Forward PS of 4.00 falls within the Overvalued range.

0.00

P/OCF

StepStone Group Inc. (STEP) has a current P/OCF of 0.00. The 5-year average P/OCF is 0.11. The thresholds are as follows: Strongly Undervalued below -3.84, Undervalued between -3.84 and -1.86, Fairly Valued between 2.09 and -1.86, Overvalued between 2.09 and 4.06, and Strongly Overvalued above 4.06. The current Forward P/OCF of 0.00 falls within the Historic Trend Line -Fairly Valued range.

0.00

P/FCF

StepStone Group Inc. (STEP) has a current P/FCF of 0.00. The 5-year average P/FCF is 114.67. The thresholds are as follows: Strongly Undervalued below -214.12, Undervalued between -214.12 and -49.73, Fairly Valued between 279.07 and -49.73, Overvalued between 279.07 and 443.46, and Strongly Overvalued above 443.46. The current Forward P/FCF of 0.00 falls within the Historic Trend Line -Fairly Valued range.

StepStone Group Inc (STEP) has a current Price-to-Book (P/B) ratio of 29.96. Compared to its 3-year average P/B ratio of 8.35 , the current P/B ratio is approximately 258.83% higher. Relative to its 5-year average P/B ratio of 6.81, the current P/B ratio is about 339.95% higher. StepStone Group Inc (STEP) has a Forward Free Cash Flow (FCF) yield of approximately 1.20%. Compared to its 3-year average FCF yield of 6.47%, the current FCF yield is approximately -81.38% lower. Relative to its 5-year average FCF yield of 8.25% , the current FCF yield is about -85.39% lower.

29.96

P/B

Median3y

8.35

Median5y

6.81

1.20

FCF Yield

Median3y

6.47

Median5y

8.25

Competitors Valuation Multiple

The average P/S ratio for STEP's competitors is 3.43, providing a benchmark for relative valuation. StepStone Group Inc Corp (STEP) exhibits a P/S ratio of 4.00, which is 16.49% above the industry average. Given its robust revenue growth of 115.94%, this premium appears sustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

Blue Owl Technology Finance Corp

Janus Henderson Group PLC

Affiliated Managers Group Inc

Performance Decomposition

Market capitalization of STEP increased by 12.82% over the past 1 year. The primary factor behind the change was an increase in Revenue Growth from 168.15M to 363.09M.

The secondary factor is the P/E Change, contributed 8.47%to the performance.

Overall, the performance of STEP in the past 1 year is driven by Revenue Growth. Which is more sustainable.

115.94%

168.15M → 363.09M

Revenue Growth

-111.59%

28.57 → -3.31

Margin Expansion

8.47%

-17.33 → -18.80

P/E Change

12.82%