Assessing Patria Investments (PAX) Valuation After Recent Share Price Pullback

Simply Wall St

Tue, February 17, 2026 at 12:14 PM GMT+9 3 min read

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Patria Investments stock overview after recent performance

Patria Investments (PAX) has drawn investor attention after a mixed run in recent months, with the share price flat over the past day but seeing a 4.5% decline across the past week.

See our latest analysis for Patria Investments.

While the 7 day share price return of a 4.53% decline and 30 day share price return of a 20.15% decline suggest momentum has faded recently, the 1 year total shareholder return of 14.77% shows a more positive longer term picture.

If this recent pullback has you looking beyond a single name, it could be a good moment to scan other opportunities using our 23 top founder-led companies.

So with Patria trading at $13.91 alongside solid reported revenue and net income growth, is the current price underestimating its private markets platform, or is the market already pricing in the growth story ahead?

Most Popular Narrative: 21.5% Undervalued

Patria Investments most followed valuation narrative points to a fair value of $17.71 per share, which sits well above the recent $13.91 close, and builds that gap around its role in alternative assets across Latin America and beyond.

The accelerating global shift of institutional capital towards alternative assets, particularly private equity, infrastructure, and credit, is directly driving robust organic fundraising growth, reflected in Patria’s repeated upward revision to annual fundraising guidance and rate of net new fee-earning AUM inflows; this underpins long-term revenue and earnings expansion.

Read the complete narrative. Read the complete narrative.

Want to see what justifies paying more than today’s price? The narrative leans heavily on higher fee earning assets and ambitious longer term earnings assumptions. Curious how those ingredients feed into that valuation gap and the 8.03% discount rate at the core of the model?

Result: Fair Value of $17.71 (UNDERVALUED)

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

However, that upside case could be challenged if Latin American political or macro shocks hit fundraising, or if fee pressure and acquisition integration costs squeeze margins more than expected.

Find out about the key risks to this Patria Investments narrative.

Another View: Earnings Multiple Sends A Caution Flag

The narrative fair value of $17.71 suggests upside, but the current P/E of 25.9x looks demanding next to the peer average of 17x, the US Capital Markets average of 23.1x, and a fair ratio of 16.1x that the market could gravitate toward. If sentiment cools, multiple compression could become more relevant than growth narratives.

Story Continues  

See what the numbers say about this price — find out in our valuation breakdown.

NasdaqGS:PAX P/E Ratio as at Feb 2026

Build Your Own Patria Investments Narrative

If you see the numbers differently or prefer to test your own assumptions, you can build a fresh Patria view in just a few minutes. Do it your way

A great starting point for your Patria Investments research is our analysis highlighting 3 key rewards and 1 important warning sign that could impact your investment decision.

Looking for more investment ideas?

If Patria has sparked your interest, do not stop there. Lining up a few fresh stock ideas today can help you stay ahead of tomorrow’s decisions.

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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 PAX.

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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