Is Hamilton Lane, Inc. overvalued or undervalued?

As of 14 November 2025, the valuation grade for Hamilton Lane, Inc. has moved from very expensive to expensive. The company appears to be overvalued based on its current valuation metrics. Key ratios include a P/E ratio of 37, a Price to Book Value of 11.26, and an EV to EBITDA of 22.49, all of which suggest a premium compared to its peers.
In comparison to its 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 fair P/E of 15.76. Additionally, while Hamilton Lane has a PEG ratio of 0.99, which is favorable, it still indicates that the stock may not be justified at its current price given the overall market conditions. Notably, Hamilton Lane's stock has underperformed the S&P 500 over the past year, with a return of -32.06% compared to the index's 13.19%, reinforcing the notion of overvaluation.