HLI

Houlihan Lokey, Inc.

Financial Services · $8.9B market cap

Verdict

Share price

$126.37

close of Oct 3, 2026

Fair value

$168.95

Sticker Price

Payback Price

$67.58

buy price

Undervalued

HLI is Undervalued: at $126.37 it trades 25% below its fair value of $168.95. Its buy price (Payback Price) is $67.58, 47% below today's price. Business quality is strong: all 5 key numbers clear the 10% bar.

How we valued it

Free Cash Flow. Sales grew 13% a year over the last 3 years, below the 15% we look for in a fast grower, so we value it on its free cash flow instead of an earnings forecast.

Business quality

5 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth17.2% a year✓
Equity per share growth13.3% a year✓
Sales growth13.4% a year✓
Free cash flow growth12.9% a year✓
Return on invested capital13.5%✓

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Superinvestors

2 of the investors we track hold HLI. In Q2 2026, 1 opened a position and 1 trimmed. Who we track

Moves in Q2 2026

New position: John Rogers

Trimmed: First Eagle Investment Management

Insider activity

Since Aug 3, 2026: 1 open-market purchase worth $501K, 1 sale worth $140K and 1 other filing (stock awards, tax withholding and similar). Why purchases matter

Purchases

Sales

Other filings

About Houlihan Lokey, Inc.

Houlihan Lokey, Inc. is a prominent global investment banking firm offering a comprehensive suite of financial advisory services. These include expertise in mergers and acquisitions (M&A), capital markets, financial restructuring, and valuation. The company's operations are divided into three core segments: The Corporate Finance division provides broad financial guidance. It assists both public and private entities…

Investment - Banking & Investment Services

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works