Is Hamilton Lane, Inc. overvalued or undervalued?

As of 12 September 2025, the valuation grade for Hamilton Lane, Inc. has moved from very expensive to expensive, indicating a slight improvement in its valuation perspective. The company is currently considered overvalued based on its valuation ratios. The P/E ratio stands at 37, while the EV to EBITDA ratio is 22.49, and the PEG ratio is 0.99, suggesting that despite a high valuation, the growth expectations may not fully justify the price.
In comparison to peers, Hamilton Lane's P/E ratio of 39.27 is significantly higher than Stifel Financial Corp.'s fair valuation P/E of 18.08 and SEI Investments Co.'s attractive P/E of 15.76, reinforcing the notion of overvaluation. Additionally, the company's recent stock performance has been underwhelming, with a 1-year return of -4.81% compared to the S&P 500's 17.14%, highlighting the challenges it faces in delivering value to shareholders.