Lazard Ltd (LAZ) P/E Ratio History
Historical price-to-earnings valuation from 2005 to 2025
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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, Lazard Ltd (LAZ) trades at a price-to-earnings ratio of 18.9x, with a stock price of $50.60 and trailing twelve-month earnings per share of $2.58.
The current P/E is 40% above its 5-year average of 13.5x. Over the past five years, LAZ's P/E has ranged from a low of 6.5x to a high of 24.6x, placing the current valuation at the 80th percentile of its historical range.
Compared to the Financial Services sector median P/E of 13.8x, LAZ trades at a 37% 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 9.97 (P/E divided by 398% 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, LAZ trades at a notable discount to 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 LAZ 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 |
|---|---|---|---|---|---|
| FY2025 Q3 | $52.78 | $2.55 | 20.7x | -48% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $47.98 | $2.90 | 16.5x | -59% |
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $43.30 | $2.87 | 15.1x | -62% |
| FY2024 Q4 | $51.48 | $2.66 | 19.4x | -52% | |
| FY2024 Q3 | Mon Sep 30 2024 00:00:00 GM | $50.38 | $2.51 | 20.1x | -50% |
| FY2024 Q2 | Sun Jun 30 2024 00:00:00 GM | $38.18 | $1.55 | 24.6x | -39% |
| FY2023 Q1 | Fri Mar 31 2023 00:00:00 GM | $33.11 | $2.15 | 15.4x | -62% |
| FY2022 Q4 | Sat Dec 31 2022 00:00:00 GM | $34.67 | $3.47 | 10.0x | -75% |
| FY2022 Q3 | Fri Sep 30 2022 00:00:00 GM | $31.83 | $4.89 | 6.5x | -84% |
| FY2022 Q2 | $32.41 | $4.77 | 6.8x | -83% | |
| FY2022 Q1 | $34.50 | $4.93 | 7.0x | -83% | |
| FY2021 Q4 | Fri Dec 31 2021 00:00:00 GM | $43.63 | $4.63 | 9.4x | -76% |
Average P/E for displayed period: 40.0x
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Start ComparisonFrequently Asked Questions
Is LAZ stock overvalued or undervalued?
LAZ trades at 18.9x P/E, above its 5-year average of 13.5x. The 80th percentile ranking indicates a premium to historical valuation.
How does LAZ's valuation compare to peers?
Lazard Ltd P/E of 18.9x compares to sector median of 13.8x. The premium reflects expected growth above peers.
What is LAZ's PEG ratio?
LAZ PEG ratio is 9.97. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 2005-2025.