Houlihan Lokey price to book ratio HLI

Market value divided by the book value of the company's net assets, since 2015.

Today, Oct 23, 2026: 4.1×
10-year median: 3.9×
Against its 10-year history: 56th; percentile: 0 is its lowest day, 100 its highest
10-year range: 2.3× to 6.7×
Peer median: 4.2×

Houlihan Lokey's price to book ratio is 4.1× as of Oct 23, 2026.

That is above its ten-year median of 3.9×, close to the middle of its last ten years.

Over that time it ranged from 2.3× in Nov 2016 to 6.7× in Sep 2025.

The median for 10 asset managers of a similar size is 4.2×.

Price to book ratio over time

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	4.1×	3.7×	5.9×
2025	5.6×	4.9×	6.7×
2024	6.2×	4.8×	6.7×
2023	5.0×	3.7×	5.1×
2022	4.1×	3.5×	5.5×
2021	4.9×	3.2×	5.7×
2020	3.7×	3.2×	4.3×
2019	3.6×	3.0×	3.8×
2018	2.9×	2.8×	4.3×
2017	3.8×	2.8×	3.9×
2016	3.0×	2.2×	3.0×
2015	2.8×	2.4×	2.8×

Against its peers

Companies in Asset Management nearest Houlihan Lokey's size, closest first, today.

Company	Price to book ratio
HLIHoulihan Lokey	4.1×
EVREvercore	5.2×
AMGAffiliated Managers	3.3×
IDCCInterDigital	7.0×
MORNMorningstar	8.2×
VCTRVictory Capital	2.8×
CGCarlyle	2.6×
DLBDolby Laboratories	2.3×
OWLBlue OWL Capital	7.3×
BENFranklin Resources	1.3×
TPGTPG	13.9×
Peer median	4.2×

What the price to book ratio tells you

Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.

Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.

More on Houlihan Lokey

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.