Houlihan Lokey (HLI) Price to Book (2015 - 2026)
Houlihan Lokey's Price to Book came in at 4.26 for fiscal Q4 2026 (quarter ended Mar 31, 2026), down 17.8% from 5.19 a year earlier and down 19.5% from the prior quarter.
Powered by 
Analysis
Houlihan Lokey (HLI) Price to Book (2015 - 2026) Analysis & Trends
Going back to fiscal Q2 2016, Houlihan Lokey's Price to Book data covers 43 quarters.
- Going back by fiscal year, Price to Book was 5.19 in FY2025 (+7.5%), 4.82 in FY2024 (+40.3%), 3.44 in FY2023 (-13.0%) and 3.95 in FY2022 (+24.9%).
- The fiscal Q4 2026 figure represents the lowest quarterly Price to Book since fiscal Q2 2024.
- Year-over-year, Price to Book increased in six of the last eight quarters, with growth averaging 12.1%.
- The fastest year-over-year change in Price to Book over five years came in fiscal Q4 2024 (growth of 40.3%), and the weakest in fiscal Q2 2023 (a decline of 20.8%).
- Business Quant data shows HLI's Price to Book at 5.29 (Q3 2026), 6.41 (Q2 2026) and 5.47 (Q1 2026) in the three fiscal quarters before Q4 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Cme | 109.93 Bn | 98.03 Bn | - |
| 2 | Intercontinental Exchange | 91.85 Bn | 85.66 Bn | - |
| 3 | Robinhood Markets | 86.83 Bn | 67.92 Bn | - |
| 4 | Nasdaq | 57.69 Bn | 55.13 Bn | 1.48 Bn |
| 5 | Interactive Brokers | 37.07 Bn | 30.53 Bn | - |
| 6 | Cboe Global Markets | 34.37 Bn | 26.02 Bn | 731.60 Mn |
| 7 | Tradeweb Markets | 28.54 Bn | 21.25 Bn | - |
| 8 | LPL Financial Holdings | 25.11 Bn | 20.43 Bn | - |
| 9 | Circle Internet | 20.23 Bn | 14.11 Bn | 288.85 Mn |
| 10 | Houlihan Lokey | 9.26 Bn | 5.41 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 |
API Access
Houlihan Lokey Price to Book API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=price-to-book&ticker=HLI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-book", "ticker": "HLI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=price-to-book&ticker=HLI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();