Pricing Log in Create free account
Friday 6 November 2026 Export LAZ’s income statement to Excel — free account

Lazard, Inc.

LAZ Financial Capital Markets

Lazard, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $3.1 billion, up 1.54% from fiscal 2024.

Revenue
+8.84%
EPS
−62.0%
Free cash flow
+9.21%
Total debt
+0.18%

Quarter to September 2026, against a year earlier

38.73 0.20 +0.52%
Market cap
$3.8B
P/E
22.0×
Fwd P/E
22.9×
Dividend yield
5.14%
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Lazard, Inc. (LAZ) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, Lazard, Inc. (LAZ) trades at a P/B ratio of 4.2×. Over the past ten years it has ranged from 2.8× (February 2016) to 13.4× (June 2015); the current reading is higher than 18% 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

Embed this chart

Annual newest first

Period P/B ratio Change
FY2025 5.2× (25.37%)
FY2024 7.0× 4.98%
FY2023 6.7× 34.44%
FY2022 5.0× 15.54%
FY2021 4.3× (5.11%)
FY2020 4.5× (29.99%)
FY2019 6.5× 42.67%
FY2018 4.5× (10.86%)
FY2017 5.1× 26.50%
FY2016 4.0× (2.70%)

Quarterly newest first

Period P/B ratio Change
Sep 2026 3.9× (17.18%)
Jun 2026 4.7× (2.95%)
Mar 2026 4.8× (7.28%)
Dec 2025 5.2× (11.38%)
43 more quarters

Against its own ten years

Low 2.8× High 13.4×
Ten-year median 5.2×
Current reading's percentile 20

P/B ratio against peers

Company P/B ratio
GLXY Galaxy Digital Inc. compare 0.9×
MRX Marex Group PLC compare 2.5×
MIAX Miami International Holdings, Inc. compare 2.8×
PIPR Piper Sandler Companies compare 2.9×
FIGR Figure Technology Solutions, Inc. compare 3.4×
BGC BGC Group, Inc. compare 3.9×
PJT PJT Partners Inc. compare 4.2×
LAZ Lazard, Inc. 4.2×
MC Moelis & Company compare 6.9×
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 →

More on LAZ