LAZ (Lazard) Construction In Progress: $6 Mil (As of Mar. 2026)


LAZ Lazard Inc LAZ
83 GF Score
Price $40.12
GF Value $46.49
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Lazard Construction In Progress?

Lazard LAZ -1.23% 83 Construction In Progress is $6 Mil as of Mar. 2026. GuruFocus rates LAZ with a GF Score™ of 83/100 and a GF Value™ of $46.49 (Modestly Undervalued). The stock has 3 warning signs investors should review.

Lazard's quarterly construction in progress declined from Sep. 2025 ($9 Mil) to Dec. 2025 ($6 Mil) and declined from Dec. 2025 ($6 Mil) to Mar. 2026 ($6 Mil).

Lazard's annual construction in progress increased from Dec. 2023 ($12 Mil) to Dec. 2024 ($34 Mil) but then declined from Dec. 2024 ($34 Mil) to Dec. 2025 ($6 Mil).

Lazard Construction In Progress Historical Data

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The historical data trend for Lazard's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Lazard Construction In Progress Chart

Lazard Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 46.05 65.56 11.79 33.79 6.08

Lazard Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 43.65 4.73 8.72 6.08 5.83
LAZ
83GF Score
Lazard Inc LAZ
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Lazard Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of $6 Mil mean?
Lazard (LAZ) has a Construction In Progress of $6 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Lazard and its competitors.
Is Lazard's Construction In Progress too high?
Lazard's current Construction In Progress is $6 Mil. Overall, Lazard has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Lazard's Construction In Progress compare to CLSK and MKTX?
Lazard's Construction In Progress of $6 Mil can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for a Capital Markets company?
A good Construction In Progress depends on the Capital Markets industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Lazard and its competitors. Lazard's current Construction In Progress is $6 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lazard stock overvalued right now?
Based on GuruFocus' analysis, Lazard (LAZ) is currently considered Modestly Undervalued. The stock's GF Value™ is $46.49, compared to a current price of $40.12 — trading 13.7% below its estimated fair value. The current Construction In Progress is $6 Mil. Lazard's overall GF Score™ is 83/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Lazard (LAZ), the current Construction In Progress is $6 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Lazard (LAZ) Overvalued in 2026?

Based on GuruFocus' analysis, Lazard stock appears to be undervalued. The current stock price of $40.12 is trading 13.7% below its estimated GF Value™ of $46.49. GuruFocus considers Lazard to be Modestly Undervalued.

Key valuation signals for LAZ:

  • Construction In Progress: $6 Mil
  • GF Value™: $46.49 vs. price of $40.12 (13.7% below fair value)
  • GF Score™: 83/100 with 3 warning signs

No single metric tells the full story. See the LAZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Lazard Business Description

Other Exchanges 0UB6:UK69Q:Germany
Address 30 Rockefeller Plaza, New York, NY, USA, 10112
Lazard Inc is a financial advisory and asset management firm with operations in North and South America, Europe, the Middle East, Asia, and Australia. Lazard provides advice on mergers and acquisitions, capital markets and capital solutions, restructuring and liability management, geopolitics, and other strategic matters, as well as asset management and investment solutions to institutions, corporations, governments, partnerships, family offices, and high net worth individuals. Geographically, the company earns key revenue in the Americas, EMEA then Asia-Pacific.
83GF Score

Get the complete analysis for LAZ

Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$40.12
Price
$46.49
GF Value