Valuation of Hamilton Lane Incorporated (HLNE): TTM P/E 14.1×, P/B 3.90, EV/EBITDA 8.8, dividend yield 2.40%. The price range it would trade at on its usual multiples and on its sector's, with its peers' multiples and a comparison against other Financial Services companies.
Hamilton Lane Incorporated operates as an investment management firm, specializing in both direct investments and fund-of-funds strategies. The firm offers a comprehensive range of services, including: Tailored Separate Accounts: Structured as single-client vehicles, these are customized to meet specific client requirements.
Where would it trade at its usual multiples?
Versus its usual multiples: fairly priced · Current P/E 14.1× · Multiples range: $87.01 · $226.53.
At the decade median (33.6×) $227 (+138%); at its sector median (12.9×) $87 (-8%). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
Analysis Summary
Hamilton Lane Incorporated reported revenue of $759.0M in the most recent fiscal year, growing at a 5-year CAGR of 17.3%. Net income reached $249.2M, with a 20.5% 5-year CAGR.
Trailing-twelve-month margins: gross margin 75.9%, operating margin 43.7%, net margin 32.4%.
At $94.99 (closing price, November 4, 2026), HLNE trades at a P/E of 14.09 and an ROE of 30.26%. Market capitalisation stands at $5.3B.
Balance sheet quality for HLNE: debt-to-equity ratio of 0.36, current ratio of 2.57 over the last 12 months. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.
Valuation Ratios
| P/E Ratio | 14.09 |
| Price / Book | 3.90 |
| EV / EBITDA | 8.8 |
| Dividend Yield | 2.40% |
Peer Comparison
| Symbol | Company | Market Cap | P/E | P/B | ROE |
|---|---|---|---|---|---|
| HLNE | Hamilton Lane Incorporated | $5.3B | 14.09 | 3.90 | 30.3% |
| CG | The Carlyle Group Inc. | $15.2B | 44.42 | 2.12 | 6.1% |
| STEP | StepStone Group Inc. | $6.0B | 156.7% | ||
| BX | Blackstone Inc. | $146.4B | 27.72 | 11.36 | 40.8% |
| BN | Brookfield Corporation | $96.2B | 77.28 | 2.19 | 3.0% |
| KKR | KKR & Co. Inc. | $91.0B | 31.87 | 2.77 | 10.3% |
| BAM | Brookfield Asset Management Ltd. | $86.4B | 31.46 | 11.66 | 34.3% |
| ARES | Ares Management Corporation | $44.9B | 90.03 | 7.85 | 10.3% |
Price
| Price | $94.99 (closing price, November 4, 2026) |
| Market Cap | $5.3B |
| Exchange | NASDAQ |
| Country | US |
Profitability
| Return on Equity | 30.26% |
| Return on Invested Capital | 12.62% |
| Return on Assets | 10.33% |
| Gross Margin | 75.90% |
| Operating Margin | 43.70% |
| Net Margin | 32.40% |
Related companies: CG · STEP · BX · BN · KKR · BAM · ARES · AMG
Explore sector: Financial Services · Asset Management
More sections of HLNE: Overview · Financials · Estimates · Technical · Ownership
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