Hamilton Lane Incorporated (HLNE) Financial Ratios
11 years of historical data (2015–2025) · Financial Services · Asset Management
EV/EBITDA
↑
13.82
↓-36% vs avg
5yr avg: 21.51
30Y Low5.1·High24.7
P/FCF
↑
14.17
↓-49% vs avg
5yr avg: 27.87
30Y Low4.3·High55.4
P/B Ratio
↑
4.77
↓-30% vs avg
5yr avg: 6.84
30Y Low4.0·High9.0
ROE
↑
27.2%
↓+21% vs avg
5yr avg: 22.4%
30Y Low1%·High30%
Debt/EBITDA
↓
1.13
↓-11% vs avg
5yr avg: 1.27
30Y Low0.7·High3.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
HLNE Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Hamilton Lane Incorporated trades at 17.1x earnings, 36% below its 5-year average of 26.7x, sitting at the 0th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.3x, the stock trades at a premium of 28%. On a free-cash-flow basis, the stock trades at 14.2x P/FCF, 49% below the 5-year average of 27.9x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $4.4B | $7.1B | $6.1B | $4.0B | $4.1B | $3.0B | $1.6B | $1.1B | $707M | $342M | — |
| Enterprise Value | $4.5B | $7.2B | $6.2B | $4.2B | $4.3B | $3.1B | $1.6B | $1.1B | $744M | $394M | — |
| P/E Ratio → | 17.08 | 27.48 | 30.56 | 24.58 | 19.42 | 31.52 | 25.85 | 31.58 | 40.91 | 622.33 | — |
| P/S Ratio | 6.19 | 9.95 | 10.97 | 7.51 | 11.28 | 8.65 | 5.74 | 4.20 | 2.90 | 1.90 | — |
| P/B Ratio | 4.77 | 7.68 | 8.99 | 6.92 | 5.63 | 5.01 | 6.63 | 6.24 | 5.20 | 3.95 | — |
| P/FCF | 14.17 | 22.79 | 55.37 | 17.91 | 25.77 | 17.53 | 14.27 | 9.97 | 7.49 | 4.26 | — |
| P/OCF | 13.63 | 21.93 | 50.29 | 17.53 | 24.47 | 15.70 | 13.52 | 9.49 | 7.31 | 4.19 | — |
P/E links to full P/E history page with 30-year chart
HLNE EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Hamilton Lane Incorporated's enterprise value stands at 13.8x EBITDA, 36% below its 5-year average of 21.5x. The Financial Services sector median is 11.4x, placing the stock at a 21% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 10.08 | 11.26 | 7.85 | 11.77 | 9.09 | 5.87 | 4.28 | 3.05 | 2.19 | — |
| EV / EBITDA | 13.82 | 22.06 | 24.56 | 16.78 | 24.73 | 19.43 | 13.43 | 10.08 | 5.96 | 5.06 | — |
| EV / EBIT | 14.22 | 19.13 | 21.30 | 16.53 | 13.60 | 19.94 | 11.20 | 8.15 | 5.11 | 4.42 | — |
| EV / FCF | — | 23.08 | 56.83 | 18.72 | 26.89 | 18.43 | 14.58 | 10.17 | 7.87 | 4.91 | — |
HLNE Profitability
Margins and return-on-capital ratios measuring operating efficiency
Hamilton Lane Incorporated earns an operating margin of 44.4%, significantly above the Financial Services sector average of 21.4%. ROE of 27.2% indicates solid capital efficiency, compared to the sector median of 9.5%. ROIC of 21.2% represents excellent returns on invested capital versus a sector median of 5.7%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 70.8% | 70.8% | 70.0% | 71.8% | 70.5% | 60.1% | 68.7% | 60.7% | 66.0% | 59.9% | 49.1% |
| Operating Margin | 44.4% | 44.4% | 44.4% | 45.4% | 46.1% | 45.6% | 42.5% | 41.3% | 50.4% | 42.3% | 34.2% |
| Net Profit Margin | 30.5% | 30.5% | 25.4% | 20.6% | 39.7% | 28.7% | 22.2% | 13.3% | 7.1% | 0.3% | — |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 27.2% | 27.2% | 22.5% | 16.6% | 22.0% | 23.7% | 29.9% | 22.0% | 15.6% | 0.7% | — |
| ROA | 14.7% | 14.7% | 11.7% | 9.0% | 12.0% | 12.2% | 14.6% | 10.3% | 6.5% | 0.3% | — |
| ROIC | 21.2% | 21.2% | 20.3% | 19.4% | 14.0% | 20.3% | 31.0% | 33.9% | 47.1% | 37.8% | 29.7% |
| ROCE | 26.2% | 26.2% | 25.2% | 24.0% | 17.1% | 24.5% | 37.3% | 41.0% | 52.5% | 36.9% | 32.6% |
HLNE Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Hamilton Lane Incorporated carries a Debt/EBITDA ratio of 1.1x, which is manageable (73% below the sector average of 4.1x). Net debt stands at $91M ($368M total debt minus $277M cash). Interest coverage of 23.7x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.40 | 0.40 | 0.41 | 0.51 | 0.34 | 0.40 | 0.36 | 0.42 | 0.62 | 0.97 | — |
| Debt / EBITDA | 1.13 | 1.13 | 1.08 | 1.18 | 1.45 | 1.49 | 0.71 | 0.66 | 0.67 | 1.08 | 3.81 |
| Net Debt / Equity | — | 0.10 | 0.24 | 0.31 | 0.25 | 0.26 | 0.15 | 0.13 | 0.27 | 0.60 | — |
| Net Debt / EBITDA | 0.28 | 0.28 | 0.63 | 0.73 | 1.04 | 0.95 | 0.29 | 0.20 | 0.29 | 0.67 | 2.74 |
| Debt / FCF | — | 0.29 | 1.46 | 0.81 | 1.13 | 0.90 | 0.31 | 0.20 | 0.39 | 0.65 | 1.61 |
| Interest Coverage | 23.74 | 23.74 | 22.00 | 27.86 | 36.59 | 62.22 | 41.35 | 34.30 | 20.53 | 5.23 | 4.89 |
HLNE Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.68x means Hamilton Lane Incorporated can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has improved from 0.87x to 1.68x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.68 | 1.68 | 1.00 | 0.87 | 1.85 | 1.80 | 0.81 | 0.83 | 1.35 | 3.60 | 8.64 |
| Quick Ratio | 1.68 | 1.68 | 1.00 | 0.87 | 1.85 | 1.80 | 0.81 | 0.83 | 1.35 | 3.60 | 8.64 |
| Cash Ratio | 0.95 | 0.95 | 0.46 | 0.53 | 0.32 | 0.39 | 0.44 | 0.52 | 0.92 | 2.23 | 6.84 |
| Asset Turnover | — | 0.42 | 0.44 | 0.46 | 0.28 | 0.30 | 0.58 | 0.70 | 0.83 | 0.75 | 0.92 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
HLNE Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Hamilton Lane Incorporated returns 8.5% to shareholders annually — split between a 2.7% dividend yield and 5.8% buyback yield. A payout ratio of 55.1% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 5.9% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.7% | 1.7% | 1.8% | 3.4% | 2.3% | 2.5% | 4.9% | 6.5% | 6.6% | 23.5% | — |
| Payout Ratio | 55.1% | 55.1% | 77.6% | 124.5% | 66.7% | 75.5% | 125.7% | 206.5% | 267.9% | 13146.6% | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.9% | 3.6% | 3.3% | 4.1% | 5.1% | 3.2% | 3.9% | 3.2% | 2.4% | 0.2% | — |
| FCF Yield | 7.1% | 4.4% | 1.8% | 5.6% | 3.9% | 5.7% | 7.0% | 10.0% | 13.4% | 23.5% | — |
| Buyback Yield | 5.8% | 3.6% | 0.1% | 7.1% | 0.1% | 0.2% | 0.4% | 0.5% | 0.9% | 0.0% | — |
| Total Shareholder Yield | 8.5% | 5.3% | 1.9% | 10.5% | 2.4% | 2.7% | 5.2% | 7.1% | 7.5% | 23.5% | — |
| Shares Outstanding | — | $48M | $54M | $54M | $54M | $33M | $28M | $24M | $19M | $18M | $17M |
Peer Comparison
Compare HLNE with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 HLNEYou | $4B | 17.1 | 13.8 | 14.2 | 70.8% | 44.4% | 27.2% | 21.2% | 1.1 |
 BN | $103B | 9999.0 | 8.5 | — | 40.0% | 39.9% | 0.8% | 5.6% | 6.4 |
 STEP | $2B | -21.8 | — | 35.9 | -7.6% | -21.3% | -9.8% | -8.7% | — |
 GCMG | $2B | 328.3 | 25.9 | 12.1 | 45.0% | 14.0% | — | 15.5% | 6.3 |
 ARES | $40B | 62.7 | 26.9 | 26.1 | 74.8% | 27.2% | 6.8% | 6.1% | 7.4 |
 BX | $96B | 31.6 | 14.8 | 55.1 | 86.0% | 51.9% | 14.6% | 16.1% | 1.8 |
 KKR | $91B | 43.6 | 20.4 | 9.5 | 41.8% | 2.4% | 3.3% | 0.3% | 7.7 |
 CG | $18B | 18.5 | 16.4 | — | 83.2% | 34.1% | 16.8% | 6.8% | 6.0 |
 APO | $74B | 17.8 | 7.3 | 22.7 | 95.6% | 31.8% | 15.7% | 16.6% | 1.1 |
 TPG | $17B | 37.7 | 22.3 | 17.4 | 96.9% | 14.7% | 4.8% | 9.3% | 2.1 |
 BAM | $81B | 37.8 | 29.4 | 129.6 | 71.0% | 69.4% | 80.9% | 71.0% | 0.1 |
| Financial Services Median | — | 13.3 | 11.4 | 10.6 | 62.9% | 21.4% | 9.5% | 5.7% | 4.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 11 years · Updated daily
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Start ComparisonHLNE — Frequently Asked Questions
Quick answers to the most common questions about buying HLNE stock.
What is Hamilton Lane Incorporated's P/E ratio?
Hamilton Lane Incorporated's current P/E ratio is 17.1x. The historical average is 29.0x.
What is Hamilton Lane Incorporated's EV/EBITDA?
Hamilton Lane Incorporated's current EV/EBITDA is 13.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 15.8x.
What is Hamilton Lane Incorporated's ROE?
Hamilton Lane Incorporated's return on equity (ROE) is 27.2%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 20.0%.
Is HLNE stock overvalued?
Based on historical data, Hamilton Lane Incorporated is trading at a P/E of 17.1x. Compare with industry peers and growth rates for a complete picture.
What is Hamilton Lane Incorporated's dividend yield?
Hamilton Lane Incorporated's current dividend yield is 2.72% with a payout ratio of 55.1%.
What are Hamilton Lane Incorporated's profit margins?
Hamilton Lane Incorporated has 70.8% gross margin and 44.4% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Hamilton Lane Incorporated have?
Hamilton Lane Incorporated's Debt/EBITDA ratio is 1.1x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.