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Houlihan Lokey, Inc. (HLI)
Investment Advice
Latest Price
$126.34
TTM P/E
21.23
Normalized P/E
24.42
Div Yield
1.03%
Book Value
33.91
P/B Ratio
3.73
Valuation metrics
adjust assumptions →EPS: $6.22
Book value / share: $35.84
Formula: √(22.5 × EPS × BVPS)
Graham Number
$70.83
44% downside
Norm. op. income: $408M (median of 7yr)
Tax rate: 25%
Discount rate: 10%
Growth assumption: zero (EPV is a no-growth value)
Earnings Power Value
$61.56
51% downside
Base FCF: $682M (median of recent 5yr)
Growth: 25%/yr (median YOY, capped at 25%)
Discount rate: 10%
Terminal growth: 3%
Projection horizon: 10 years
DCF Fair Value
$758.04
+500% upside
EPS: $6.22
Target P/E: 24×
Formula: EPS × P/E
P/E Fair Value
$149.28
+18% upside
Institutional Ownership
79.5% held by institutions| Institution | Shares | Value | Ownership % | Change | Filing Date |
|---|---|---|---|---|---|
| BlackRock, Inc. | 5.24M | $702.0M | 7.88% | -40.4K | 2026-06-30 |
| Vanguard Portfolio Management LLC | 2.77M | $372.0M | 4.17% | -4.3K | 2026-06-30 |
| Vanguard Capital Management LLC | 2.44M | $327.0M | 3.67% | +20.4K | 2026-06-30 |
| Kayne Anderson Rudnick Investment Management LLC | 2.43M | $325.0M | 3.65% | -215.5K | 2026-06-30 |
| Earnest Partners LLC | 2.17M | $291.0M | 3.27% | -56.3K | 2026-06-30 |
| State Street Corp | 1.75M | $234.0M | 2.63% | +55.8K | 2026-06-30 |
| Morgan Stanley | 1.69M | $226.0M | 2.54% | +98.2K | 2026-06-30 |
| Geode Capital Management, LLC | 1.38M | $185.0M | 2.08% | +32.7K | 2026-06-30 |
| Bank of Montreal | 1.30M | $174.0M | 1.96% | +151.1K | 2026-06-30 |
| Citadel Advisors LLC | 1.24M | $165.0M | 1.86% | +737.5K | 2026-06-30 |