Is Hamilton Lane, Inc. overvalued or undervalued?

As of 14 November 2025, Hamilton Lane, Inc. has moved from a very expensive to an expensive valuation grade. The company is currently considered overvalued based on its high valuation ratios, including a P/E ratio of 37, a Price to Book Value of 11.26, and an EV to EBITDA of 22.49. In comparison, peers such as Stifel Financial Corp. have a P/E of 18.08 and an EV to EBITDA of 9.88, indicating that Hamilton Lane is trading at a significant premium relative to its industry peers.
Despite a recent positive return of 5.07% over the past month compared to the S&P 500's 1.35%, the year-to-date performance shows a decline of 11.35% against the S&P's gain of 14.49%. This underperformance, coupled with its high valuation metrics, reinforces the conclusion that Hamilton Lane, Inc. is overvalued in the current market environment.