CLUS vs PIPR vs LAZ Stock Comparison

Cluster Group Holdings, Piper Sandler Companies and Lazard Prices as of Oct 22, 2026 Peers: Industry group
PIPR Piper Sandler Companies
$64.67 -10.7% 1M -23.8% 1Y
Market cap
$4.39B
P/E
14.3x
Revenue (TTM)
$2.12B
Div. yield
0.03%
Investment Banking Financial Services
8 wins
LAZ Lazard, Inc.
$37.21 +1.0% 1M -24.2% 1Y
Market cap
$3.82B
P/E
16.9x
Revenue (TTM)
$3.31B
Div. yield
0.05%
Investment Banking Financial Services
1 win

Head to Head

12 decided of 12

Piper Sandler Companies leads on 8 of the 12 questions below (Piper Sandler Companies 8, Cluster Group Holdings 3, Lazard 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCLUSPIPRLAZLeader
Larger companyMarket capitalisation $8.00B $4.39B $3.82B CLUS
Cheaper on earningsLower P/E, profitable companies only -1,146,093x 14.3x 16.9x PIPR
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 13.5x 17.4x PIPR
Faster revenue growthRevenue growth, trailing twelve months — +32.1% +5.6% PIPR
More profitableNet margin, trailing twelve months — 14.5% 6.9% PIPR
Better return on capitalReturn on invested capital — 23.1% 8.3% PIPR
Less leveragedLower net debt / EBITDA — -0.6x 0.7x PIPR
Higher dividend yieldTrailing dividend yield — 0.03% 0.05% LAZ
Better 1-year returnPrice return, last 12 months 0.0% -23.8% -24.2% CLUS
Better 5-year returnAnnualised price return, 5 years -39.1%/yr +9.8%/yr -6.6%/yr PIPR
Less volatileAnnualised volatility, 1 year 0.0% 36.1% 43.3% CLUS
Higher overall scoreMean of the five percentile scores vs peers — 83/100 63/100 PIPR

Percentile Scorecard

CLUSPIPRLAZ

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisCLUSPIPRLAZ
Valuation – 93 #8 of 97 94 #7 of 97
Growth 78 #16 of 69 97 #3 of 69 59 #29 of 69
Profitability – 78 #16 of 70 71 #21 of 70
Financial Health – 92 #9 of 101 41 #60 of 101
Shareholder Returns – 56 #18 of 40 51 #20 of 40
Overall – 83 63
  • CLUS ranked among 112 companies in Capital Markets
  • PIPR ranked among 112 companies in Capital Markets
  • LAZ ranked among 112 companies in Capital Markets

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodCLUSPIPRLAZSPY
1 month 0.0%-10.7%+1.0% -1.0%
3 months 0.0%-15.0%-16.1% +2.9%
6 months 0.0%-25.5%-21.3% +6.4%
Year to date 0.0%-23.9%-23.4% +11.4%
1 year 0.0%-23.8%-24.2% +13.1%
3 years -28.6%+92.0%+29.4% +79.4%
3 years, per year -10.6%+24.3%+9.0% +21.5%
5 years -91.6%+59.6%-28.8% +67.7%
5 years, per year -39.1%+9.8%-6.6% +10.9%
10 years +33.3%+401.8%+3.3% +255.2%
10 years, per year +2.9%+17.5%+0.3% +13.5%

Risk

MeasureCLUSPIPRLAZSPY
Volatility, 1Y 0.0%36.1%43.3% 12.7%
Downside volatility, 1Y —40.8%48.8% 12.7%
Beta vs S&P 500, 1Y 0.001.301.88 1.00
Return / volatility, 1Y —-0.66-0.56 1.03
Max drawdown, 5Y -99.5%-45.6%-50.2% -25.4%
From 52-week high 0.0%-31.6%-34.7% -2.5%
52-week high $200.00$94.52$57.00 $779.14
52-week low $200.00$63.48$34.67 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleCLUSPIPRLAZ
P/E now vs peer median -1,146,093xmedian 29.4x 14.2xmedian 29.4x 16.6xmedian 29.4x
P/S now vs peer median —median 2.8x 2.1xmedian 2.8x 1.2xmedian 2.8x
EV/EBITDA now vs peer median —median 12.8x 7.9xmedian 12.8x 5.6xmedian 12.8x
P/FCF now vs peer median —median 15.9x 9.0xmedian 15.9x 6.2xmedian 15.9x
P/B now vs peer median -105,257xmedian 2.5x 2.8xmedian 2.5x 4.5xmedian 2.5x
PEG now vs peer median —median 0.51 0.27median 0.51 0.05median 0.51

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsCLUSPIPRLAZ
Revenue – $2.12B $3.31B
Operating income -$50.23K – $307.06M
Net income -$6.98K $363.85M $242.36M
Free cash flow – $487.00M $658.76M
EPS (diluted) $0.00 $4.31 $2.11
Cash & equivalents – $304.23M $1.10B
Total debt – $60.00M $1.69B
Shares (diluted) 40.00M 71.24M 107.34M
Enterprise value $8.00B $2.82B -$938.65M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricCLUSPIPRLAZ
P/E -1,146,093x 14.2x 16.6x
P/FCF – 9.0x 6.2x
P/Operating cash flow – 8.6x 6.1x
P/S – 2.1x 1.2x
P/B -105,257x 2.8x 4.5x
P/Tangible book -105,257x 3.0x 4.5x
EV/EBITDA – 7.9x 5.6x
EV/EBIT -159,282x 8.4x 15.3x
EV/Revenue – 1.9x 1.4x
EV/FCF – 8.4x 7.1x
EV/Operating cash flow – 8.1x 7.0x
PEG (3Y EPS CAGR) – 0.27 0.05

Growth

14 metrics
MetricCLUSPIPRLAZ
Revenue growth (1Y) – 32.1% 5.6%
Revenue CAGR (3Y) – 17.1% 7.0%
Gross profit growth (1Y) – – –
Gross profit CAGR (3Y) – – –
Operating income growth (1Y) -16.4% – -26.2%
Operating income CAGR (3Y) – – 53.9%
Net income growth (1Y) 83.8% 93.1% -23.7%
Net income CAGR (3Y) – 53.4% 93.1%
EPS growth (1Y) 98.0% 45.0% -28.5%
EPS CAGR (3Y) – 53.1% 356.1%
Operating cash flow growth (1Y) – 634.9% 37.4%
Operating cash flow CAGR (3Y) – 115.3% 7.6%
Free cash flow growth (1Y) – 1,390% 52.9%
Free cash flow CAGR (3Y) – 153.8% 9.9%

Profitability

14 metrics
MetricCLUSPIPRLAZ
Gross margin – – –
EBITDA margin – 24.2% 25.5%
Operating margin – – 9.3%
Pretax margin – 22.9% 6.5%
Net margin – 14.5% 6.9%
FCF margin – 23.0% 19.9%
Operating cash flow margin – 23.9% 20.3%
Return on equity – 23.3% 27.1%
Return on assets – 16.3% 5.6%
Return on invested capital – 23.1% 8.3%
Return on capital employed – – –
Asset turnover – 0.9x 0.8x
Cash conversion (OCF / net income) – 1.4x 2.8x
Stock comp / revenue – 6.1% –

Financial Health

11 metrics
MetricCLUSPIPRLAZ
Debt / assets – 0.6% 38.7%
Debt / equity – 0.0x 1.8x
Net debt / EBITDA – -0.6x 0.7x
Debt / FCF – 0.0x 2.6x
Liabilities / assets – 32.7% 79.1%
Equity / assets – 67.3% 20.9%
Interest coverage – – 3.4x
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricCLUSPIPRLAZ
Dividend yield – 1.2% 5.4%
Net buyback yield – 2.8% 2.5%
Shareholder yield – 3.9% 7.9%
Payout ratio (earnings) – 38.9% 78.7%
Payout ratio (FCF) – 29.0% 29.0%
Dividend growth (1Y) – 27.8% 4.6%
Dividend CAGR (3Y) – 20.0% 2.9%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusCLUSPIPRLAZ
Forward P/E – 13.5xFY2026 17.4xFY2026
EPS, next fiscal year – $4.78FY2026 $2.14FY2026
EPS growth, next FY – +7.9%FY2026 -12.3%FY2026
EPS growth, the year after – +18.0% +74.3%
Revenue, next fiscal year – $2.01BFY2026 $3.44BFY2026
Revenue growth, next FY – +6.8%FY2026 +11.0%FY2026
Revenue growth, the year after – +11.6% +9.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCLUSPIPRLAZ
Held by institutions – 91.1% 100.0%
Institutions holding – 423 346
Change in shares held, QoQ – +3.1% +10.6%
Institutions buying – 242 185
Institutions selling – 114 106
Buyers to sellers – 2.12 1.75

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

CLUSPIPRLAZ
CLUS – – –
PIPR – 1.00 0.62
LAZ – 0.62 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CLUS, PIPR and LAZ?

Cluster Group Holdings (CLUS) is the largest by market capitalisation: Cluster Group Holdings (CLUS) $8.00B, Piper Sandler Companies (PIPR) $4.39B, Lazard (LAZ) $3.82B.

Which stock is cheaper, CLUS, PIPR and LAZ?

Piper Sandler Companies (PIPR) trades on the lowest price-to-earnings ratio (Cluster Group Holdings (CLUS) -1,146,093x, Piper Sandler Companies (PIPR) 14.3x, Lazard (LAZ) 16.9x). On next year's consensus earnings, Piper Sandler Companies (PIPR) is cheapest (Piper Sandler Companies (PIPR) 13.5x, Lazard (LAZ) 17.4x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Piper Sandler Companies (PIPR) grew revenue fastest over the trailing twelve months: Piper Sandler Companies (PIPR) +32.1%, Lazard (LAZ) +5.6%.

Which company is more profitable?

Piper Sandler Companies (PIPR) has the highest net margin (Piper Sandler Companies (PIPR) 14.5%, Lazard (LAZ) 6.9%). On return on invested capital, Piper Sandler Companies (PIPR) leads (Piper Sandler Companies (PIPR) 23.1%, Lazard (LAZ) 8.3%).

Which stock has performed better?

Over the past year Cluster Group Holdings (CLUS) returned the most: Cluster Group Holdings (CLUS) 0.0%, Piper Sandler Companies (PIPR) -23.8%, Lazard (LAZ) -24.2%. Over five years, Piper Sandler Companies (PIPR) compounded fastest (Cluster Group Holdings (CLUS) -39.1%/yr, Piper Sandler Companies (PIPR) +9.8%/yr, Lazard (LAZ) -6.6%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Lazard (LAZ) has the highest dividend yield: Piper Sandler Companies (PIPR) 0.03%, Lazard (LAZ) 0.05%. Cluster Group Holdings (CLUS) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Cluster Group Holdings (CLUS) has been the steadiest (Cluster Group Holdings (CLUS) 0.0%, Piper Sandler Companies (PIPR) 36.1%, Lazard (LAZ) 43.3%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, CLUS, PIPR and LAZ?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Piper Sandler Companies (PIPR) leads on 8. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.