StepStone Group Inc. (STEP)
UndervaluedFundamental
19
Price
$42.04
Market Cap
$5.48B
Part 1 · What the company is worth
Overview
StepStone Group Inc. is a private equity and venture capital firm specializing in primary, direct, fund of funds, secondary direct, and secondary indirect investments. For direct investment, it seeks to invest in private debt, venture debt, incubation, mezzanine, distressed/vulture, seed/startup, early venture, mid venture, late venture, emerging growth, later stage, turnaround, growth capital, industry consolidation, recapitalization, buyout investments in mature and middle market companies. It prefers to invest in natural resources, technology, healthcare, services, materials, manufacturing, consumer durables, apparel, hotels, restaurants and leisure, media, retailing, power, utilities consumer staples, financials, telecommunication services, clean energy/renewables, transport, social, natural capital, infrastructure, corporate, real estate, credit and real asset. The firm invests globally with a focus on United States, North America, Europe, Asia, Latin America, Middle East, Africa, Brazil, Mexico, Argentina, Colombia, New Zealand, China, India, Korea, Japan, Taiwan, and Australia region. The firm invests between 5% and 40% in emerging markets. For fund of fund investment, it seeks to invest in private equity funds, venture capital funds, Special situation funds, Real estate funds, Infrastructure funds, mezzanine funds, and turnaround/distressed funds. It considers investments in both domestic and international funds. It also seeks to make co-investments and follow-on investments and considers partial interests in funds. The firm seeks to make minority and majority investments. StepStone Group Inc. was founded in 2007 and is based in New York, New York with additional offices across North America, South America, South Korea, Europe, Australia and Asia.
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Direct competitors
Who this company fights with for the same customers
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No competitor list for this company yet.
Balance Sheet & Liquidity
Revenue
$2.01B
Trailing 12 months (through 6/30/2026)
Net Income
$-613M
Trailing 12 months (through 6/30/2026)
Free Cash Flow
$64M
Total Equity
$-414M
Total Liabilities
$5.88B
Current Ratio
0.90
Interest Coverage
-
Debt/EBITDA
-
Earnings Per Share
Revenue & Net Income
Free Cash Flow
Income Breakdown
Historical statement
Margins over time
Debt over time
How heavy the debt is
Growth grid
Growth — Revenue
Fair Value Estimation
Fair Value
$65.70
Current Price
$42.04
Margin of Safety
+36.0%
Fair Value Range
$62.42 - $68.99
Spread across the valuation methods used, not a statistically calibrated confidence interval.
Estimation Methods
Valuation Metrics
P/E Ratio
-
ROE
129.6%
P/B Ratio
-
P/FCF
-
Gross Margin
-
ROIC
-
Profitability Radar
Value Creation (Economic Moat)
ROIC
-
WACC
9.0%
ROIC − WACC
-
Fundamental Analysis Criteria
Passed (2)
- Revenue growth 5Y 20.7%
- Earnings surprise, average 4.8%
Failed (10)
- EPS shows upward trend
- Price CAGR 2.08%
- Positive free cash flow
- Return on tangible assets
- Low reliance on intangibles
- DCF valuation (Unknown)
- ROE -98.4%
- Share dilution 10.9%
- Net margin trend -30.5% vs -17.1%
- Piotroski F-Score 3/9
Unavailable (14)
- ROIC –
- Gross margin –
- P/FCF –
- P/B ratio –
- Dividend payout –
- Debt/equity ratio
- Operating margin –
- CapEx intensity
- Current ratio
- Interest coverage
- Debt/EBITDA
- Price below Graham Number
- PEG ratio (needs P/E > 0 and growth > 0)
- Earnings quality (operating cash flow / net income)
Piotroski F-Score
Serious financial concerns
Earnings Quality
Low quality: investigate accounting
Share Dilution
Issuing new shares, diluting ownership
Institutional Holdings
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Mr. Monte M. Brem J.D. | Co-Founder & Executive Chairman | 57 |
| Mr. Scott Hart | CEO, Partner & Director | 45 |
| Mr. Thomas Keck | Partner, Head of Research and Portfolio Management & Vice Chairman | 59 |
| Mr. Jason Paul Ment J.D. | Partner, President & Co-COO | 48 |
| Mr. David Yongil Park | Partner & CFO | 51 |
| Mr. Jose A. Fernandez J.D. | CO-COO, Director & Partner | 54 |
| Mr. Michael I. McCabe | Partner, Head of Strategy & Director | 56 |
| Mr. Mark T. Maruszewski CFA | Partner & Vice Chairman | 58 |
| Mr. David T. Jeffrey | Partner & Vice Chairman | 55 |
| Ms. Rebecca Ajavananda | Partner | 57 |
Audit Risk
6
Board Risk
8
Compensation Risk
8
Shareholder Rights Risk
4
Documents
- View document
Annual Report (10-K)
A yearly overview of the business, its financial results, and the risks it faces.
Filed on 2026-05-27
- View document
Quarterly Report (10-Q)
A snapshot of financial performance for the most recent three-month period.
Filed on 2026-08-07
- View document
Current Report (8-K)
An announcement of a major event, such as a leadership change or big news.
Filed on 2026-09-08
via SEC EDGAR
Income History
via SEC EDGAR
Part 2 · The price and its context
This part shows how the price has behaved, not whether the company is worth owning. Inside: technical analysis, potential, historical drawdowns, gamma exposure.
Market Reaction Profile
How much STEP moves, measured on its daily prices.
More volatile than 71% of the tracked stocks (90-day volatility).
- Volatility 30d
- 38.9%
- Volatility 90d
- 47.8%
- Beta vs S&P 500 (1y)
- 1.64Correlation 0.44
- Max drawdown (12m)
- -48.2%
- ATR (14d, % of price)
- 5.16%
Earnings reactions
How STEP moved around its past quarterly results.
Next earnings release
Nov 5, 2026 · In 12 days · Time not known
EPS estimate: 0.56Revenue estimate: $325M
What usually happens
- Over the last 12 releases the stock moved a median of 5.3% the next day, up or down.
- Next-day moves: up 9, down 3 (out of 12).
Release history
| Date | When | EPS est. | EPS actual | Surprise | Gap | 1 day | 5 days |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026 | After the close | 0.52 | 0.48 | -7.2% | +1.2% | -7.8% | +3.2% |
| May 20, 2026 | After the close | 0.52 | 0.57 | +9.6% | +5.5% | +5.3% | -3.7% |
| Feb 5, 2026 | After the close | 0.60 | 0.65 | +7.8% | +3.9% | +5.5% | -4.4% |
| Nov 6, 2025 | After the close | 0.49 | 0.54 | +9.1% | -4.5% | -1.8% | 0.0% |
| Aug 7, 2025 | After the close | n/a | n/a | n/a | -5.8% | +1.8% | +8.3% |
| May 22, 2025 | After the close | n/a | n/a | n/a | +6.5% | +3.5% | +2.0% |
| Feb 6, 2025 | After the close | n/a | n/a | n/a | +5.7% | +0.8% | -4.7% |
| Nov 7, 2024 | After the close | n/a | n/a | n/a | -7.4% | +4.9% | +0.8% |
| Aug 8, 2024 | After the close | n/a | n/a | n/a | -0.7% | +7.7% | +14.8% |
| May 23, 2024 | After the close | n/a | n/a | n/a | +3.1% | +10.1% | +13.4% |
| Feb 8, 2024 | After the close | n/a | n/a | n/a | +2.2% | +6.3% | +2.8% |
| Nov 6, 2023 | After the close | n/a | n/a | n/a | -1.0% | -5.4% | -9.3% |
Release dates from SEC 8-K filings.
Updated 10/24/2026
Historical statistics for educational purposes only. They are not forecasts and not investment advice.
Price reaction to the news
Latest news on STEP and what the price did next.
Return of the stock minus return of SPY over the same days. A news item close to a price move did not necessarily cause it. Historical data for educational purposes only, not investment advice.
Latest News
Recent headlines for STEP.
- 5/20/2026NEUTRALTranscript: StepStone Group Q4 2026 Earnings Conference Call
StepStone Group held its Q4 2026 Earnings Conference Call on May 20, 2026. While the transcript indicates a discussion of financial performance and strategic outlook, no specific earnings figures, revenue growth, or profit margins were immediately available in the provided summary. The call likely covered operational highlights and future guidance, but without concrete data points, its direct impact on investor sentiment remains neutral pending further details. Investors will be looking for specific financial metrics and forward-looking statements to assess the company's trajectory.