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HLNE
ACCE-researched

Hamilton Lane Incorporated Class A Common Stock (HLNE) fair value

Financial Services · Asset Management · NASDAQ · United States
$82.27-3.56%
Market cap $5.7BNext earnings 2026-11-03Updated Oct 16, 2026
Add earnings to calendarGoogle
Our verdict
Trades 18% above our fair value
Price
$82.27
Model fair valueConfidence: good
$69.52
Model range
$54.38 to $87.18
Fair value $69.52
Price $82.27
2 models fit Hamilton Lane Incorporated Class A Common Stock and they disagree: 0 of 2 land within 15% of the average.
Two or more of our models back this value.
Premium(i)
Valued as an asset manager: P/E comparison, Dividend discount, and Residual income.
ACCE opinionHamilton Lane Incorporated Class A Common Stock (HLNE)
Fair value (2 models)
$69.52
ACCE price target
$115
Rating
Overvalued
Horizon
12 months
Fair value published on 12 Oct 2026, 00:00 CEST; previously $66.93 since 6 Oct 2026, 00:00 CEST.
ACCE price target published on 28 Sept 2026, 00:00 CEST.
Price used: $82.27 at the close on 23 Oct 2026, 22:00 CEST.
Models: Dividend discount, P/E comparison, and Residual income.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Full methodology
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
18.3% above
-15.5% to fair value
ACCE score
73
out of 100
Analysts
88% buy
8 covering
P/E
13.0x
forward 12.0x
1-year return
-30.8%
Dividend yield
2.69%

Hamilton Lane Incorporated Class A Common Stock in four questions

Plain answers, details below
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OverviewAsk ACCEValuationQualityAnalystsSmart MoneyCompareNews and Record

Overview

ACCE thesis

Hamilton Lane advises institutions on private markets and manages private equity, credit and infrastructure programmes, earning fees on assets it oversees and advises on. Its data and relationships across thousands of private funds make it a hard-to-replace adviser for pensions and endowments. Growth comes from allocations to private assets continuing to rise, including from individual investors. Revenue grew 56.5%, the operating margin is 45.9% and ROE is 32.4%, at 13.1x trailing earnings.

AI-assisted·How I use AIWritten Oct 14, 2026
⚠ Investor warnings · 2 flagsAI-assisted·How I use AI
  • moderate
    Momentum score collapse
    Momentum subscore fell from 96 to 25 in 90 days. QoQ revenue declined 2.5% despite 56.5% YoY growth, signaling deceleration.
  • moderate
    Short interest elevated
    11.8% short interest is material for a $5.7B cap. Worth monitoring for forced covering or persistent bearish thesis.

AI research notes

AI-assisted·How I use AIWritten Oct 11, 2026 · figures from 2026-10-11 · prices to Oct 23, 2026
Why it could do well
  • Revenue grew 56.5% year over year with a 32.1% net margin, demonstrating exceptional operational leverage.
  • Return on equity of 32.4% and free cash flow of $455M show the business generates substantial shareholder value.
  • Analyst consensus targets $129.38 per share, implying 51.0% upside from current levels, with 88% of analysts rating Buy or Strong Buy.
Why it could disappoint
  • Consensus fair value of $69.34 sits 19.1% below the current share price of $85.67, suggesting overvaluation.
  • Diluted share count increased 14.2% last fiscal year, diluting existing shareholders despite strong earnings growth.
  • Free cash flow yield of 7.9% and forward P/E of 12.0x leave limited margin for error if performance fees normalize.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.

Next results

Nov 3, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle

Walk me through this stock

Plain-English pros, cons, and what to watch. Pro feature.

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Valuation

INVESTOR
Where HLNE's valuation models land
Price
$82.27
Model fair value
$69.52
Model range
$54.38 to $87.18
Fair value $69.52
Price $82.27
The price sits inside the model range.
Model
Fair value
Upside
Dividend discount
P/E comparison
Residual income
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See what each model says, the assumptions behind it, the bad, normal and good cases, and why the fair value changed.

Quality

INVESTOR
Quality and conviction INVESTOR FEATURE

The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.

  • +A plain reason under every score
  • +Conviction breakdown and growth / value / quality / momentum scores
  • +Score history: how each score moved over time

Analysts

Wall Street consensus

Bullish88% buy · 8 covering analysts
● Strong buy 5● Buy 2● Hold 1● Sell 0● Strong sell 0
Analyst intelligence INVESTOR FEATURE

The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.

  • +Price-target low / average / high vs the current price, with implied upside
  • +Forward revenue and EPS consensus by fiscal year
  • +ACCE fair-value models lined up against the Street

Smart Money

PRO

In one line

Trades are only made public after a delay. We show the delay so you know how old the news is.

Company insiders
No trades filed
Last 90 days
Congress
No trades filed
Last 180 days
Average delay
No trades filed
From trade to public filing
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Smart money tracking PRO FEATURE

Follow the informed money: 13F position changes, insider and Congress trades, and 13D activist filings.

  • +Quarter-over-quarter institutional position changes
  • +Every insider and Congress trade, with how late it was disclosed
  • +Active 13D activist filings and top holders

Compare

Where it sits vs peers

News and Record

Press releases mentioning this company

Recent performance

1 week
+0.5%
1 month
-4.0%
3 months
-1.1%
6 months
-13.3%
YTD
-38.7%
1 year
-30.8%

SEC filings

Recent ACCE blog coverage

  • $HLNE ACCE Score Jumps 21 Points to 73 - What Drove It
    Hamilton Lane's ACCE composite score moved from 52 to 73. Here's what the Growth 100, Quality 96, and Value 73 subscores tell us about the move.
    2026-08-07
  • $HLNE Earnings: EPS Up 4.1% as Revenue Slips 2.2%
    Hamilton Lane reported May 2026 earnings with EPS up 4.1% year-over-year despite a 2.2% revenue decline. ACCE score sits at 63. Here's what the numbers show.
    2026-05-22

Recommendation history, last 12 months

DateTypeNewPreviousPrice
12 Oct 2026, 00:00 CESTFair value$69.34$66.93$85.67
6 Oct 2026, 00:00 CESTFair value$66.93$68.79$87.04
29 Sept 2026, 00:00 CESTFair value$68.79$69.92$86.21
28 Sept 2026, 00:00 CESTACCE price target$115first publication$86.21
18 Sept 2026, 00:00 CESTFair value$69.92$70.89$89.88
15 Sept 2026, 00:00 CESTFair value$70.89$77.77$95.98
13 Sept 2026, 00:00 CESTFair value$77.77$76.37$95.98
11 Sept 2026, 00:00 CESTFair value$76.37$78.08$98.88
25 Aug 2026, 00:00 CESTFair value$78.08$72.91$105
20 Aug 2026, 00:00 CESTFair value$72.91$88.75$102

This analysis is not personalised investment advice and does not take your situation, objectives or risk tolerance into account. ACCE Investments is not an authorised investment firm.

Investing in shares carries a risk of losing capital. The value of an investment can go down as well as up.

Valuation horizon: 12 months from the publication date.

Conflicts of interest. ACCE Investments is operated by Adrien Chantreuil, who may hold personal positions in the securities analysed. Positions are declared on each security. ACCE receives no payment from the companies analysed or from any intermediary for this analysis.

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Snapshot

Growth100Value77Quality96Momentum17Total73
Valuation
Trailing P/E
13.0x
Forward P/E
12.0x
PEG
1.39
P/B
5.04x
EV / Revenue
5.5x
Book value/sh
$21.93
Enterprise value
$4.8B
Profitability
ROE
32.4%
FCF yield
8.22%
ROIC
16.1%
Health and risk
Debt / equity
0.39
Dividend yield
2.69%
Beta
1.25

Price

-30.7% · 1Y

Ask anything about HLNE

Answered from Hamilton Lane Incorporated Class A Common Stock fundamentals + recent valuations. Every number shows its source and date.

This stock Peer Peer median weaker → stronger
P/Ebetter than 100% of peers
low 13.0x13.0xhigh 93.3x
ROEbetter than 60% of peers
low 12%32%high 36%
Div yieldbetter than 100% of peers
low 0.0%2.7%high 2.7%

Peers

Prices Oct 23, 2026
CompanyPriceFair valuevs fair valueP/EROEQualityScore
HLNE Hamilton Lane Incorporated Class A Common Stock$82.27$7018% above13.0x32.4%9673
NAM-INDIA.NS Nippon Life India Asset Management Limited₹976.00--37.1x35.3%10063
360ONE.NS 360 One Wam Limited₹1047.00--35.4x12.7%7646
HDFCAMC.NS HDFC Asset Management Company Limited₹2273.20--32.5x36.4%10051
TATAINVEST.NS Tata Investment Corporation Limited₹564.65--93.3x-10039
ROKO-B.ST Röko AB (publ)kr 1904.00kr 688177% above35.5x13.4%7663
BAJAJHLDNG.NS Bajaj Holdings & Investment Limited₹11293.00--14.0x11.6%8560

Sector report card

Where HLNE ranks against its sector peers on each metric.

Computing percentiles…
  • PR Newswire•Oct 15, 2026
    Hamilton Lane Announces Leadership Evolution: Hartley Rogers Named Co-Chief Executive Officer Alongside Juan Delgado-Moreira
  • PR Newswire•Oct 12, 2026
    Chubb Wealth and Hamilton Lane Form Partnership to Expand Access to Private Markets in Hong Kong
  • PR Newswire•Oct 6, 2026
    Hamilton Lane Incorporated to Announce Second Quarter Fiscal 2027 Results on November 3, 2026
10 more press releases · full archive on Investor+.INVESTOR
40 filings
October 2026
Oct 15
8-KCurrent reportPeriod 2026-10-12
View on SEC →
September 2026
Sep 18
Form 4Insider transactionPeriod 2026-09-16
View on SEC →
Sep 18
Form 4Insider transactionPeriod 2026-09-16
View on SEC →
37 more filings + AI summaries on Investor+.INVESTOR