Houlihan Lokey, Inc. (HLI) P/E Ratio History
Fairly ValuedTrading at 21.5x, near 5Y avg of 24.8x · 25th percentile · In line with own history · Data 2016–2027
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P/E Ratio Analysis
As of September 24, 2026, Houlihan Lokey, Inc. (HLI) trades at a price-to-earnings ratio of 21.5x, with a stock price of $133.73 and trailing twelve-month earnings per share of $6.01.
The current P/E is 13% below its 5-year average of 24.8x. 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 25th percentile of its historical range.
Compared to the Financial Services sector median P/E of 14.5x, HLI trades at a 48% premium to its sector peers. The sector includes 804 companies with P/E ratios ranging from 0.0x to 149.4x.
The PEG ratio of 3.33 (P/E divided by 7% EPS growth) suggests the stock may be expensive 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 25.6x. 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.
HLI Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
HLI P/E vs Peers
Investment Banking and M&A Advisory peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $10B | 19.3 | 1.70 | +55% | |
| $4B | 23.3 | 2.67 | +36% | |
| $4B | 17.8 | - | -19% | |
| $5B | 20.7 | - | +65% | |
| $1B | 24.4 | - | +145%Best | |
| $30B | 32.6 | - | +20% | |
| $5B | 15.7 | 0.98 | +9% | |
| $12B | 13.1Lowest | 1.82 | -6% | |
| $32B | 16.4 | 0.76Best | +6% | |
| $100B | 32.7 | 1.56 | +7% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
HLI Historical P/E Data (2016–2027)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2027 Q1 | - | $134.13 | $5.95 | 22.5x | +5% |
| FY2026 Q4 | - | $143.62 | $6.22 | 23.1x | +7% |
| FY2026 Q3 | Dec 31 2025 | $174.19 | $6.51 | 26.8x | +24% |
| FY2026 Q2 | - | $205.32 | $6.20 | 33.1x | +54% |
| FY2026 Q1 | Jun 30 2025 | $179.95 | $5.94 | 30.3x | +41% |
| FY2025 Q4 | Mar 31 2025 | $161.50 | $5.82 | 27.7x | +29% |
| FY2025 Q3 | - | $173.66 | $5.24 | 33.1x | +54% |
| FY2025 Q2 | Sep 30 2024 | $158.02 | $4.89 | 32.3x | +50% |
| FY2025 Q1 | Jun 30 2024 | $134.86 | $4.51 | 29.9x | +39% |
| FY2024 Q4 | Mar 31 2024 | $128.19 | $4.11 | 31.2x | +45% |
| FY2024 Q3 | Dec 31 2023 | $119.91 | $3.81 | 31.5x | +46% |
| FY2024 Q2 | Sep 30 2023 | $107.12 | $3.67 | 29.2x | +36% |
| FY2024 Q1 | Jun 30 2023 | $98.31 | $3.55 | 27.7x | +29% |
| FY2023 Q4 | Mar 31 2023 | $87.49 | $3.68 | 23.8x | +11% |
| FY2023 Q3 | Dec 31 2022 | $87.16 | $3.77 | 23.1x | +8% |
| FY2023 Q2 | Sep 30 2022 | $75.38 | $5.41 | 13.9x | -35% |
| FY2023 Q1 | - | $78.93 | $6.19 | 12.8x | -41% |
| FY2022 Q4 | - | $87.80 | $6.41 | 13.7x | -36% |
| FY2022 Q3 | Dec 31 2021 | $103.52 | $6.88 | 15.0x | -30% |
| FY2022 Q2 | - | $92.10 | $6.05 | 15.2x | -29% |
| FY2022 Q1 | Jun 30 2021 | $81.79 | $5.10 | 16.0x | -25% |
| FY2021 Q4 | Mar 31 2021 | $66.51 | $4.54 | 14.6x | -32% |
| FY2021 Q3 | - | $67.23 | $4.00 | 16.8x | -22% |
| FY2021 Q2 | Sep 30 2020 | $59.05 | $3.04 | 19.4x | -10% |
| FY2021 Q1 | - | $55.64 | $2.84 | 19.6x | -9% |
| FY2020 Q4 | - | $52.12 | $2.80 | 18.6x | -13% |
| FY2020 Q3 | - | $48.87 | $2.59 | 18.9x | -12% |
| FY2020 Q2 | Sep 30 2019 | $45.10 | $2.51 | 18.0x | -16% |
| FY2020 Q1 | Jun 30 2019 | $44.53 | $2.62 | 17.0x | -21% |
| FY2019 Q4 | Mar 31 2019 | $45.85 | $2.42 | 18.9x | -12% |
| FY2019 Q3 | Dec 31 2018 | $36.80 | $2.31 | 15.9x | -26% |
| FY2019 Q2 | Sep 30 2018 | $44.93 | $2.57 | 17.5x | -19% |
| FY2019 Q1 | Jun 30 2018 | $51.22 | $2.46 | 20.8x | -3% |
| FY2018 Q4 | Mar 31 2018 | $44.60 | $2.60 | 17.2x | -20% |
| FY2018 Q3 | Dec 31 2017 | $45.43 | $2.53 | 18.0x | -16% |
| FY2018 Q2 | Sep 30 2017 | $39.13 | $2.11 | 18.5x | -14% |
| FY2018 Q1 | Jun 30 2017 | $34.90 | $1.92 | 18.2x | -15% |
| FY2017 Q4 | Mar 31 2017 | $34.45 | $1.62 | 21.3x | -1% |
| FY2017 Q3 | Dec 31 2016 | $31.12 | $1.46 | 21.3x | -1% |
| FY2017 Q2 | Sep 30 2016 | $25.05 | $1.30 | 19.3x | -10% |
| FY2017 Q1 | - | $22.37 | $1.14 | 19.6x | -9% |
| FY2016 Q4 | - | $24.90 | $1.08 | 23.1x | +7% |
| FY2016 Q3 | - | $26.21 | $1.14 | 23.0x | +7% |
| FY2016 Q2 | Sep 30 2015 | $21.80 | $1.19 | 18.3x | -15% |
Average P/E for displayed period: 21.5x
HLI Chart Terminal
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Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
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Peer Comparison
Compare growth, multiples, and margins vs sector.
HLI — Frequently Asked Questions
Quick answers to the most common questions about buying HLI stock.
What is HLI's P/E ratio?
Houlihan Lokey, Inc. (HLI) trailing twelve-month P/E ratio is 21.5x, based on TTM diluted EPS of $6.01. The 5-year average P/E is 24.8x and the historical range spans 12.8x to 33.1x.
Is HLI stock overvalued or undervalued?
HLI trades at 21.5x P/E, near its 5-year average of 24.8x. The 25th percentile ranking within the 12.8x–33.1x historical range places valuation within normal bounds.
Is HLI stock expensive?
HLI is fairly valued relative to its own history. The current P/E of 21.5x is near the 5-year average of 24.8x (25th percentile of historical range).
What is HLI's historical P/E range?
Over the past 5 years, HLI's P/E ratio has ranged from 12.8x to 33.1x, with a median of 27.7x and an average of 24.8x. The current P/E of 21.5x places the stock at the 25th percentile of this range. Full historical data spans 2016–2027.
How does HLI's P/E compare to the S&P 500?
HLI trades at 21.5x P/E versus the S&P 500 median of 25.6x. The 16% discount to the market suggests lower growth expectations or perceived higher risk.
How does HLI's valuation compare to Financial Services peers?
Houlihan Lokey, Inc. P/E of 21.5x compares to the Financial Services sector median of 14.5x. The premium reflects expected growth above peers or stronger fundamentals. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is HLI's PEG ratio?
HLI PEG ratio is 3.33, based on a P/E of 21.5x and EPS growth of 6.9%. A PEG above 2.0 indicates a premium valuation relative to earnings growth — typically considered expensive.
What is HLI's earnings yield?
HLI earnings yield is 4.65%, the inverse of its 21.5x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.