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Friday 6 November 2026 Export HLI’s income statement to Excel — free account

Houlihan Lokey, Inc.

HLI Financial Capital Markets

Houlihan Lokey, Inc.’s revenue for fiscal 2026 (year ended March 2026) was $2.6 billion, up 9.55% from fiscal 2025.

Revenue
+4.85%
EPS
−1.80%
Free cash flow
−25.7%

Quarter to September 2026, against a year earlier

148.20 5.86 −3.80%
Market cap
$10.2B
P/E
24.5×
Fwd P/E
18.2×
Dividend yield
1.75%
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Houlihan Lokey, Inc. (HLI) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, Houlihan Lokey, Inc. (HLI) trades at a P/B ratio of 4.3×. Over the past ten years it has ranged from 1.4× (September 2015) to 6.4× (November 2024); the current reading is higher than 75% of that period. That is above the Capital Markets industry median of 1.4× and above the Financial sector median of 1.3×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2026 4.1× (16.38%)
FY2025 4.9× 8.72%
FY2024 4.5× 30.65%
FY2023 3.4× (13.04%)
FY2022 4.0× 24.94%
FY2021 3.2× (3.90%)
FY2020 3.3× 0.91%
FY2019 3.3× 1.95%
FY2018 3.2× 10.42%
FY2017 2.9× 28.30%

Quarterly newest first

Period P/B ratio Change
Sep 2026 3.6× (7.79%)
Jun 2026 4.0× (3.08%)
Mar 2026 4.1× (19.35%)
Dec 2025 5.1× (17.35%)
43 more quarters

Against its own ten years

Low 1.4× High 6.4×
Ten-year median 3.6×
Current reading's percentile 74

P/B ratio against peers

Company P/B ratio
JEF Jefferies Financial Group Inc. compare 0.9×
BMNR BitMine Immersion Technologies, Inc. compare 0.9×
IREN IREN Limited compare 1.4×
XP XP Inc. compare 1.6×
VIRT Virtu Financial, Inc. compare 2.0×
SF Stifel Financial Corporation compare 2.0×
FUTU Futu Holdings Limited Sponsored ADR compare 2.6×
HLI Houlihan Lokey, Inc. 4.3×
EVR Evercore Inc compare 5.1×
Capital Markets industry median 1.4×
Financial sector median 1.3×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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