Houlihan Lokey (HLI) Price to Book (2015 - 2026)
Houlihan Lokey (HLI) posted Price to Book of 4.26 for Q1 2026, down 19.46% on a QoQ basis from 5.29 in Q4 2025, and down 17.82% year-over-year from 5.19 in Q1 2025.
Powered by 
Analysis
Houlihan Lokey (HLI) Price to Book (2015 - 2026) Analysis & Trends
Houlihan Lokey has reported Price to Book for 12 years, with the latest figure at 4.26 in Q1 2026.
- On a quarterly basis, Price to Book fell 17.82% year-over-year to 4.26 in Q1 2026; TTM through Mar 2026 was 4.26, a 17.82% decrease from a year earlier, with the FY2026 full-year figure at 4.26, down 17.82% from the prior year.
- Price to Book was 4.26 for Q1 2026 at Houlihan Lokey, down from 5.29 in the prior quarter.
- The five-year high for Price to Book was 6.41 in Q3 2025, with the low at 3.3 in Q3 2022.
- Average Price to Book over 5 years is 4.55, with a median of 4.37 recorded in 2023.
- The sharpest annual moves came in 2022 and 2024: Price to Book dropped 20.82% in 2022, then soared 40.35% in 2024.
- Over 5 years, Price to Book stood at 3.59 in 2022, then gained by 21.74% to 4.37 in 2023, then grew by 25.87% to 5.49 in 2024, then slipped by 3.69% to 5.29 in 2025, then decreased by 19.46% to 4.26 in 2026.
- The last three Price to Book figures came in at 4.26 (Q1 2026), 5.29 (Q4 2025), and 6.41 (Q3 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Evercore | 11.52 Bn | 9.43 Bn | 975.67 Mn |
| 2 | Jefferies Financial | 11.24 Bn | -4.17 Bn | 3.09 Bn |
| 3 | Houlihan Lokey | 9.53 Bn | 8.45 Bn | - |
| 4 | Cluster Group Holdings | 8.00 Bn | 8.00 Bn | - |
| 5 | PJT Partners | 6.94 Bn | 6.99 Bn | 481.98 Mn |
| 6 | Moelis | 6.06 Bn | 5.99 Bn | - |
| 7 | Piper Sandler Companies | 5.20 Bn | 5.09 Bn | - |
| 8 | Lazard | 4.97 Bn | 3.99 Bn | - |
| 9 | BRBI BR Partners | 3.49 Bn | 3.38 Bn | 16.77 Mn |
| 10 | Perella Weinberg Partners | 1.81 Bn | 2.01 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 4.26 |
| Dec 31, 2025 | 5.29 |
| Sep 30, 2025 | 6.41 |
| Jun 30, 2025 | 5.47 |
| Mar 31, 2025 | 5.19 |
| Dec 31, 2024 | 5.49 |
| Sep 30, 2024 | 5.31 |
| Jun 30, 2024 | 4.79 |
| Mar 31, 2024 | 4.82 |
| Dec 31, 2023 | 4.37 |
| Sep 30, 2023 | 4.20 |
| Jun 30, 2023 | 3.88 |
| Mar 31, 2023 | 3.44 |
| Dec 31, 2022 | 3.59 |
| Sep 30, 2022 | 3.30 |
| Jun 30, 2022 | 3.52 |
| Mar 31, 2022 | 3.95 |
| Dec 31, 2021 | 4.39 |
| Sep 30, 2021 | 4.17 |
| Jun 30, 2021 | 3.88 |