Hamilton Lane Inc (HLNE) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Hamilton Lane Inc stock $72.97, price $89.46, that is 18.4% below the price, quality 63 out of 100. Rating: overvalued. Calculated from audited financials with 13 of our 26 valuation models and 37 quality factors, updated daily.
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Hamilton Lane Inc
HLNE · USOur calculation puts a fair price 18% below what the stock costs today.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range $53.15 – $194.17 · fair‑value band $37.95 – $114.03 · the $89.46 price screens above the $72.97 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Company profile
Hamilton Lane Incorporated is a private equity and venture capital firm specializing in early venture, emerging growth, turnaround, middle market, mature, mid-venture, bridge, buyout, distressed/vulture, loan, mezzanine in growth capital companies.
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The firm manages alternative investment strategies like direct credit, direct, fund of fund, evergreen and real assets.
For primary and secondary fund of fund investments, the firm focuses to invest in private equity, buyout, special situations, credit, growth equity, middle market, mature, turnarounds, mezzanine and venture capital funds. The firm prefers to invest in disruptive technologies and innovative companies.
It prefers to invest in space, engine, alternative energy resources, environmental & facilities services, households durables, leisure products, textiles, manufacturing services, water purification, online training service, healthcare services & technology, energy, industrials, commercial services, internet software & services, consumer discretionary, health care, real estate, information technology, tech-enabled businesses, financials, utilities, and consumer services.
The firm prefers to invest in Africa/Middle East, Asia/Pacific, Europe, Southeast Asia, Korea, China, India, Latin America and Caribbean, United States of America, New York, Florida, Arizona, Nevada, New Mexico, Oregon, Washington, California and surrounding states, Australia, Japan, Brazil, United Kingdom, and Canada.
The firm prefers to invest between $0.25 million and $100 million in companies with small- to mid-sized enterprise values. It prefers to take majority stake.
Hamilton Lane Incorporated was founded in 1991 and is based in Philadelphia, Pennsylvania with additional offices across Europe, North America, Asia Pacific and the Middle East.
Stock analysis
Hamilton Lane Inc (HLNE) currently trades at $89.46, while our model-based Fair Value estimate is $72.97, 18% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Earnings-Based group reads highest at a median of $113.23 per share, and 3 of the 13 models we run sit above the $89.46 price.
Bear case: the Asset-Based group reads lowest at $11.06, and 10 of the 13 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $37.95 (bear) to $114.03 (bull), the price of $89.46 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 63/100 (solid quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Hamilton Lane Inc reported revenue of $759M in FY2026 versus $368M in FY2022, a compound +19.8%/yr. Reported net income was $249M in FY2026, compounding +14.3%/yr from FY2022.
Key figures
Market cap $6.0B Mid · P/E ratio 13.3 · P/S ratio 4.26 · EPS (TTM) $6.74 · Dividend yield 2.5% · Net margin 32.4% · Return on equity 31.2% · Return on assets (EBIT) 17.3% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 88 out of 100 (medium confidence).
What moves the price
The share trades about 41% below its 52-week high and 22% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −16% fair-value upside, at −18%, HLNE screens richer than that median.
Fair Value models
All 13 models by family
The fair value above starts from this blend and is adjusted for dilution from new shares.
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Insider trades
In the last 6 months, 3 officers or directors bought shares worth $14.2M, most recently on Jun 11, 2026. Buying cluster
- BuyDavid J BerkmanDirector2× since Feb 24, 2026: 25,000 shares, avg. $86.16$2.2MJun 11, 2026
- BuyAndrea Anigati KramerChief Operating Officer, 10% owner2× since Feb 20, 2026: 3,608 shares, avg. $96.84$349,388Jun 11, 2026
- BuyHartley R. RogersExecutive Co-Chairman, Director, 10% owner2× since May 26, 2026: 149,222 shares, avg. $87.10$13.0MJun 11, 2026
- BuyMario L GianniniExecutive Co-Chairman, 10% owner9,225 shares at $107.32$990,027Feb 20, 2026
- BuyJuan Delgado-MoreiraCo-Chief Executive Officer, Director, 10% owner9,225 shares at $107.24$989,296Feb 20, 2026
- BuyErik R. HirschCo-Chief Executive Officer, Director, 10% owner9,225 shares at $107.13$988,274Feb 20, 2026
Plus 13 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Source: SEC Form 4, as of Nov 6, 2026. All filings at the SEC ↗
Revenue & earnings trend
Growth Forecast
HLNE screens overvalued: fair value 18% below the price. Compare with Blackstone Inc →
Recent news
- Hamilton Lane Inc (HLNE) Q2 2027 Earnings Call Highlights: Fee-Related Earnings Surge 34% as ...
- Hamilton Lane (HLNE) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
- Hamilton Lane (NASDAQ:HLNE) reports sales below analyst estimates in Q3 CY2026 earnings
- Hamilton Lane (HLNE) Q2 Earnings Top Estimates
Compare Hamilton Lane Inc with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Asset Management · 587 stocks
Valuation Multiplesvs Asset Management median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Financials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- P/S ratio by industry
- EBIT margin by industry
- PEG screener for stocks with fair value
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Asset Management stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Exor N.V EXO | €73.35 | €139.37 | +90% | vs HLNE |
| Raymond James Financial, Inc RJF | $162.81 | $281.42 | +73% | vs HLNE |
| Apollo Global Management, Inc APO | $116.75 | $197.52 | +69% | vs HLNE |
| Ameriprise Financial, Inc AMP | $501.49 | $609.56 | +22% | vs HLNE |
| State Street Corporation STT | $165.56 | $139.37 | −16% | vs HLNE |
| Ares Management Corporation ARES | $133.98 | $99.35 | −26% | vs HLNE |
| Northern Trust Corporation NTRS | $172.76 | $123.42 | −29% | vs HLNE |
| Brookfield Asset Management Ltd BAM | $52.95 | $31.26 | −41% | vs HLNE |
| Blackstone Inc BX | $119.50 | $52.29 | −56% | vs HLNE |
| KKR & Co KKR | $96.48 | $27.32 | −72% | vs HLNE |
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Key figures of Hamilton Lane Inc
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