Hamilton Lane Incorporated
Financial ratios & Valuation

Forward Multiples (2026 – 2027)

20262027
Price/Earnings ratio
28.4819.56
Price/Sales ratio
8.057.09
Earnings per Share (EPS)
$5.27$7.68

Historical Multiples (2015 – 2024)

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 TTM Median
Valuation Ratios
Price/Earnings ratio
4.305.38542.6639.5331.2812.2517.3911.4114.6430.1233.0831.28
Price/Sales ratio
1.971.701.842.804.165.668.597.675.187.6612.954.16
Price/Book Value ratio
5.46-2.495.538.749.5310.0312.328.136.598.079.919.53
Price/Cash Flow ratio
3.992.814.067.099.4113.3415.6016.6412.0935.1032.979.41
Price/Free Cash Flow ratio
4.212.844.137.259.8814.0917.4217.5212.3538.6447.299.88
Price/Earnings Growth ratio
0.29-0.26-5.470.010.620.051.350.34-0.57-1.110.840.62
Dividend Yield
15.30%22.04%24.22%6.77%6.59%4.91%2.52%3.44%4.95%2.57%1.26%4.91%
Profitability Indicator Ratios
Gross Profit Margin
61.28%49.07%59.89%66.04%61.25%64.05%60.09%66.90%64.35%63.61%67.75%61.25%
Operating Profit Margin
43.99%34.20%42.32%50.38%41.32%52.38%57.15%86.51%47.51%44.94%48.77%41.32%
Pretax Profit Margin
46.32%31.37%41.57%57.21%51.37%51.35%56.55%85.25%45.88%50.85%51.09%51.35%
Net Profit Margin
46.01%31.58%0.34%7.10%13.31%46.26%49.40%67.20%35.40%25.43%28.02%13.31%
Effective Tax Rate
0.67%1.53%0.42%23.87%23.58%9.92%12.63%21.17%22.84%19.33%17.21%9.92%
Return on Assets
35.48%29.04%0.25%5.90%9.31%26.77%14.85%19.09%16.41%11.08%12.76%9.31%
Return On Equity
127.14%-46.31%1.01%22.11%30.45%81.90%70.87%71.27%45.05%26.82%33.57%30.45%
Return on Capital Employed
35.52%33.13%33.65%50.75%39.24%40.01%21.42%29.70%26.99%24.31%26.61%40.01%
Liquidity Ratios
Current Ratio
N/AN/A3.601.350.830.811.79N/AN/AN/A1.530.83
Quick Ratio
9.818.663.611.350.830.811.791.84-0.021.041.530.83
Cash ratio
7.396.832.220.920.510.430.380.320.530.460.960.51
Days of Sales Outstanding
44.2129.6331.3127.1633.2143.9333.8653.3137.5083.47N/A43.93
Days of Inventory outstanding
N/A-0.89-0.980.000.000.000.000.00359.26N/AN/A0.00
Operating Cycle
44.2128.7430.3227.1633.2143.9333.8653.31396.7683.47N/A43.93
Days of Payables Outstanding
10.112.546.917.489.787.295.818.478.828.1611.219.78
Cash Conversion Cycle
34.0926.2023.4119.6723.4336.6428.0444.84387.9375.30-11.2136.64
Debt Ratios
Debt Ratio
0.531.230.350.280.190.150.120.130.170.150.130.15
Debt Equity Ratio
1.91-1.971.401.070.640.480.610.490.470.370.320.48
Long-term Debt to Capitalization
0.652.020.580.510.390.320.380.330.320.270.240.32
Total Debt to Capitalization
0.652.020.580.510.390.320.380.330.320.270.240.32
Interest Coverage Ratio
N/AN/A5.2220.5234.2941.3476.18N/AN/AN/A28.2841.34
Cash Flow to Debt Ratio
0.710.440.961.141.571.561.280.981.150.610.931.56
Company Equity Multiplier
3.58-1.594.003.743.273.054.773.732.742.422.343.05
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.490.600.450.390.440.420.550.460.420.210.280.42
Free Cash Flow / Operating Cash Flow Ratio
0.940.990.980.970.950.940.890.940.970.900.970.95
Cash Flow Coverage Ratio
0.710.440.961.141.571.561.280.981.150.610.931.56
Short Term Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Dividend Payout Ratio
65.85%118.75%13146.56%267.88%206.49%60.29%43.86%39.36%72.57%77.58%64.32%64.32%