# Hamilton Lane Incorporated (HLNE) fundamentals

Data as of 2026-11-04. NASDAQ, United States. Sector: Financial Services / Capital Markets. Price $88.63, market value $5.9 billion.

## Valuation
- **P/E (trailing): 13.5×** (5-yr avg 17.9×). Hamilton Lane Incorporated trades at 13.5× trailing earnings, well below its own five-year average of 17.9×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×. Forward P/E is 12.0×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 6.9×**. Each dollar of revenue is priced at 6.9×.
- **Price / book: 4.2×**. The shares trade at 4.2× book value; book value is a meaningful part of the valuation.
- **Free-cash-flow yield: 6.2%**. Free cash flow equals 6.2% of the market value. Above 5% is generally attractive.
- **Earnings yield: 7.4%**. The inverse of the P/E: 7.4% of the price is earned each year.

## Profitability
- **Net margin: 32.8%**. 32.8% of each dollar of sales reaches the bottom line.
- **Return on equity: 27.2%**. 27.2% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on assets: 12.0%**. Each dollar of assets produces 12.0% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 6.5%** (3-yr 12.8%/yr, 5-yr 17.3%/yr). Revenue grew 6.5% over the last year, against 17.3% a year compounded over five years: growth is slowing.
- **Free-cash-flow growth (3 yr): 23.6%/yr**. Free cash flow has compounded at 23.6% a year over three years.

## Financial health
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 2.70%** ($2.22 per share, trailing). Hamilton Lane Incorporated yields 2.70%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 35%** (25% of free cash flow). 35% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 9**. 9 straight years of increases.
- **Dividend growth (5 yr): 11.7%/yr** (1-yr 10.2%). The dividend has compounded at 11.7% a year over five years, doubling roughly every 6 years at that pace.

## Analyst view
- **Analyst consensus: strong_buy** (8 analysts). 8 analysts cover Hamilton Lane Incorporated; the consensus is strong_buy, with an average price target of $125.75 (+42% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -21.6%** (YTD -33.8%, 3-mo -7.4%). The shares are down 21.6% over twelve months including dividends.
- **From 52-week high: -43.1%** (23.3% above the low). Trading 43% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 55**. An RSI of 55 is neutral.
- **Beta (1 yr): 1.11** (volatility 42%). Beta of 1.11 against the S&P 500: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=HLNE · Page: https://foliofundamentals.com/stocks/hlne

Not investment advice.