Houlihan Lokey, Inc. (HLI) P/E Ratio History
Historical price-to-earnings valuation from 2016 to 2026
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Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of February 28, 2026, Houlihan Lokey, Inc. (HLI) trades at a price-to-earnings ratio of 28.1x, with a stock price of $163.77 and trailing twelve-month earnings per share of $6.54.
The current P/E is 17% above its 5-year average of 24.1x. Over the past five years, HLI's P/E has ranged from a low of 12.8x to a high of 33.1x, placing the current valuation at the 60th percentile of its historical range.
Compared to the Financial Services sector median P/E of 13.8x, HLI trades at a 104% premium to its sector peers. The sector includes 789 companies with P/E ratios ranging from 0.0x to 196.2x.
The PEG ratio of 1.79 (P/E divided by 42% EPS growth) suggests a fair valuation relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, HLI trades roughly in line with the S&P 500 median P/E of 26.2x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our HLI DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
Peer Comparison
P/E metrics vs. Investment Banking and M&A Advisory peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
GSThe Goldman Sachs Group, Inc. | $267B | 21.2 | 1.51 | +77% |
MSMorgan Stanley | $265B | 20.9 | 2.35 | +53% |
EVREvercore Inc. | $27B | 34.0 | 5.99 | +43% |
NMRNomura Holdings, Inc. | $27B | 12.7 | 1.16Best | +110% |
JEFJefferies Financial Group Inc. | $9B | 15.7 | - | -5% |
PIPRPiper Sandler Companies | $5B | 28.9 | 4.92 | +106% |
LAZLazard Ltd | $5B | 18.9 | 9.97 | +398% |
MCMoelis & Company | $4B | 33.3 | - | +594%Best |
HLIHoulihan Lokey, Inc. | $3B | 28.1 | 1.79 | +42% |
MDBHMDB Capital Holdings, LLC Class A common | $16M | 1.2Lowest | - | +407% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
Historical P/E Data
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q3 | Wed Dec 31 2025 00:00:00 GM | $174.19 | $6.51 | 26.8x | +25% |
| FY2026 Q2 | $205.32 | $6.20 | 33.1x | +55% | |
| FY2026 Q1 | Mon Jun 30 2025 00:00:00 GM | $179.95 | $5.94 | 30.3x | +41% |
| FY2025 Q4 | Mon Mar 31 2025 00:00:00 GM | $161.50 | $5.82 | 27.7x | +29% |
| FY2025 Q3 | $173.66 | $5.24 | 33.1x | +55% | |
| FY2025 Q2 | Mon Sep 30 2024 00:00:00 GM | $158.02 | $4.89 | 32.3x | +51% |
| FY2025 Q1 | Sun Jun 30 2024 00:00:00 GM | $134.86 | $4.51 | 29.9x | +40% |
| FY2024 Q4 | Sun Mar 31 2024 00:00:00 GM | $128.19 | $4.11 | 31.2x | +46% |
| FY2024 Q3 | Sun Dec 31 2023 00:00:00 GM | $119.91 | $3.81 | 31.5x | +47% |
| FY2024 Q2 | Sat Sep 30 2023 00:00:00 GM | $107.12 | $3.67 | 29.2x | +36% |
| FY2024 Q1 | Fri Jun 30 2023 00:00:00 GM | $98.31 | $3.55 | 27.7x | +29% |
| FY2023 Q4 | Fri Mar 31 2023 00:00:00 GM | $87.49 | $3.68 | 23.8x | +11% |
Average P/E for displayed period: 21.4x
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Start ComparisonFrequently Asked Questions
Is HLI stock overvalued or undervalued?
HLI trades at 28.1x P/E, near its 5-year average of 24.1x. The 60th percentile ranking places valuation within normal historical bounds.
How does HLI's valuation compare to peers?
Houlihan Lokey, Inc. P/E of 28.1x compares to sector median of 13.8x. The premium reflects expected growth above peers.
What is HLI's PEG ratio?
HLI PEG ratio is 1.79. Between 1-2 suggests valuation aligns with growth. Historical P/E data spans 2016-2026.