Hamilton Lane Incorporated

NasdaqGS:HLNE Stock Report

Market Cap: US$6.6b

Hamilton Lane Valuation

Is HLNE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of HLNE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

US$64.63
Fair Value
82.6% overvalued intrinsic discount
6
Number of Analysts

Below Fair Value: HLNE ($118.04) is trading above our estimate of fair value ($64.63)

Significantly Below Fair Value: HLNE is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for HLNE?

Key metric: As HLNE is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for HLNE. This is calculated by dividing HLNE's market cap by their current earnings.
What is HLNE's PE Ratio?
PE Ratio24.4x
EarningsUS$212.20m
Market CapUS$6.60b

Price to Earnings Ratio vs Peers

How does HLNE's PE Ratio compare to its peers?

The above table shows the PE ratio for HLNE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average13.1x
MAIN Main Street Capital
9.7x-21.24%US$5.1b
JHG Janus Henderson Group
15.9x7.08%US$6.6b
AB AllianceBernstein Holding
11.5x-0.20%US$4.4b
AMG Affiliated Managers Group
15.1x12.54%US$6.6b
HLNE Hamilton Lane
24.4x21.27%US$6.6b

Price-To-Earnings vs Peers: HLNE is expensive based on its Price-To-Earnings Ratio (24.4x) compared to the peer average (13.1x).

Price to Earnings Ratio vs Industry

How does HLNE's PE Ratio compare vs other companies in the US Capital Markets Industry?

17 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ASA ASA Gold and Precious Metals
2.5xn/aUS$1.01b
MUDS Mudrick Capital Acquisition Corporation II
3.4xn/aUS$401.64m
CRRC.F Cohn Robbins Holdings
4.3xn/aUS$283.01m
SSSS SuRo Capital
3.8x-113.68%US$210.93m
HLNE 24.4xIndustry Avg. 25.4xNo. of Companies72PE020406080100+
17 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: HLNE is good value based on its Price-To-Earnings Ratio (24.4x) compared to the US Capital Markets industry average (25.4x).

Price to Earnings Ratio vs Fair Ratio

What is HLNE's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

HLNE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio24.4x
Fair PE Ratio18.4x

Price-To-Earnings vs Fair Ratio: HLNE is expensive based on its Price-To-Earnings Ratio (24.4x) compared to the estimated Fair Price-To-Earnings Ratio (18.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst HLNE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$118.04
US$159.67
+35.26%
7.21%US$181.00US$150.00n/a6
Oct ’26US$128.80
US$163.50
+26.94%
3.42%US$169.00US$155.00n/a4
Sep ’26US$154.34
US$160.25
+3.83%
5.32%US$169.00US$149.00n/a4
Aug ’26US$147.79
US$153.25
+3.69%
7.75%US$169.00US$139.00n/a4
Jul ’26US$144.79
US$153.00
+5.67%
4.89%US$161.00US$139.00n/a5
Jun ’26US$149.00
US$154.40
+3.62%
5.40%US$162.00US$139.00n/a5
May ’26US$155.62
US$153.67
-1.26%
6.59%US$167.00US$136.00n/a6
Apr ’26US$151.92
US$168.17
+10.69%
10.58%US$190.00US$139.00n/a6
Mar ’26US$156.32
US$172.71
+10.49%
7.39%US$190.00US$147.00n/a7
Feb ’26US$159.18
US$165.86
+4.19%
9.97%US$190.00US$139.00n/a7
Jan ’26US$148.05
US$183.33
+23.83%
7.19%US$203.00US$167.00n/a6
Dec ’25US$192.40
US$191.33
-0.55%
7.41%US$215.00US$175.00n/a6
Nov ’25US$179.90
US$160.67
-10.69%
11.27%US$182.00US$134.00n/a6
Oct ’25US$168.00
US$145.33
-13.49%
4.83%US$156.00US$134.00US$128.806
Sep ’25US$152.84
US$141.60
-7.35%
3.86%US$150.00US$134.00US$154.345
Aug ’25US$140.17
US$127.20
-9.25%
4.49%US$135.00US$120.00US$147.795
Jul ’25US$123.12
US$127.00
+3.15%
4.37%US$135.00US$120.00US$144.795
Jun ’25US$125.49
US$125.20
-0.23%
5.19%US$135.00US$120.00US$149.005
May ’25US$112.54
US$118.20
+5.03%
3.05%US$124.00US$114.00US$155.625
Apr ’25US$111.29
US$116.17
+4.38%
4.20%US$126.00US$111.00US$151.926
Mar ’25US$114.74
US$116.00
+1.10%
4.28%US$126.00US$111.00US$156.326
Feb ’25US$118.50
US$111.67
-5.77%
7.20%US$126.00US$103.00US$159.186
Jan ’25US$113.44
US$100.43
-11.47%
6.07%US$113.00US$93.00US$148.057
Dec ’24US$98.66
US$96.43
-2.26%
4.76%US$103.00US$89.00US$192.407
Nov ’24US$85.22
US$94.00
+10.30%
4.58%US$102.00US$88.00US$179.907
Oct ’24US$90.44
US$93.29
+3.15%
5.27%US$102.00US$87.00US$168.007
US$159.67
Fair Value
26.1% undervalued intrinsic discount
6
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/17 20:09
End of Day Share Price 2025/10/17 00:00
Earnings2025/06/30
Annual Earnings2025/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Hamilton Lane Incorporated is covered by 10 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Brennan HawkenBMO Capital Markets Equity Research
Alexander BlosteinGoldman Sachs
Alexander BlosteinGoldman Sachs