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Lazard price to free cash flow LAZ

Market value divided by free cash flow over the last twelve months, since 2011.

Today, Oct 23, 2026
6.2×
10-year median
7.9×
Against its 10-year history
20th
percentile: 0 is its lowest day, 100 its highest
10-year range
4.0× to 49.5×
Peer median
11.7×

Lazard's price to free cash flow is 6.2× as of Oct 23, 2026.

That is below its ten-year median of 7.9×, lower than on 80% of days in the last ten years.

Over that time it ranged from 4.0× in Mar 2020 to 49.5× in Feb 2024.

The median for 10 asset managers of a similar size is 11.7×.

Price to free cash flow over time

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

YearEnd of yearLowHigh
2026 so far6.2×6.0×14.6×
202512.8×5.6×15.0×
20248.6×8.6×49.5×
202342.0×4.4×42.2×
20224.2×4.0×7.6×
20217.3×7.1×11.0×
20208.2×4.0×8.2×
20196.6×6.3×9.3×
20188.3×6.6×9.2×
20177.2×6.3×10.6×
20168.4×5.0×8.8×
20157.2×6.8×10.9×
20148.8×8.3×19.0×
201318.1×10.8×20.3×
201216.1×8.4×16.6×
20118.4×7.2×15.5×

Against its peers

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

CompanyPrice to free cash flow
LAZLazard6.2×
FHIFederated Hermes11.6×
MCMoelis9.8×
HLNEHamilton Lane INC12.4×
CNSCohen & Steers53.4×
HASIHA Sustainable Infrastructure Capitaln/m
AAMIAcadian Asset Managementn/m
ABAlliancebernsteinn/m
DLBDolby Laboratories15.0×
APAMArtisan Partners Asset Management10.5×
VCTRVictory Capital11.7×
Peer median11.7×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on Lazard

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