Is Lazard, Inc. overvalued or undervalued?

As of 31 October 2025, the valuation grade for Lazard, Inc. has moved from fair to expensive, indicating a shift towards overvaluation. The company appears overvalued based on several key metrics, including a P/E ratio of 16, a Price to Book Value of 7.71, and an EV to EBITDA of 7.26. In comparison to peers, Jefferies Financial Group, Inc. has a significantly higher P/E ratio of 29.53, while Tradeweb Markets, Inc. shows an even higher P/E of 47.50, underscoring Lazard's relative valuation challenges.
Additionally, Lazard's recent stock performance has lagged behind the S&P 500, with a year-to-date return of -5.21% compared to the index's 16.30%. This trend, along with the elevated valuation metrics, reinforces the conclusion that Lazard, Inc. is currently overvalued.