Hamilton Lane (FRA:1M0) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:1M0 Hamilton Lane Inc FRA:1M0
86 GF Score
Price €75.00
GF Value €148.76
Valuation Significantly Undervalued
! 1 Warning Sign
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What is Hamilton Lane Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Hamilton Lane  (FRA:1M0) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Hamilton Lane Cyclically Adjusted PB Ratio Related Terms


Hamilton Lane Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Hamilton Lane's Cyclically Adjusted PB Ratio 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.

Hamilton Lane Cyclically Adjusted PB Ratio Chart

Hamilton Lane Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 8.27 11.38 12.22 5.75

Hamilton Lane Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PB Ratio 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 10.42 9.44 9.35 6.33 4.57

FRA:1M0 vs FHI, CNS, STEP: Cyclically Adjusted PB Ratio Comparison

For the Asset Management subindustry, Hamilton Lane's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Hamilton Lane Cyclically Adjusted PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Hamilton Lane's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Hamilton Lane's Cyclically Adjusted PB Ratio falls into.


FRA:1M0
86GF Score
Hamilton Lane Inc FRA:1M0
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Hamilton Lane Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Hamilton Lane's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Hamilton Lane's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=34.142/333.9520*333.9520
=34.142

Current CPI (Jun. 2026) = 333.9520.

Hamilton Lane Quarterly Data

Book Value per Share CPI Adj_Book
201609 -1.971 241.428 -2.726
201612 -6.187 241.432 -8.558
201703 4.255 243.801 5.828
201706 4.441 244.955 6.055
201709 4.532 246.819 6.132
201712 4.664 246.524 6.318
201803 4.782 249.554 6.399
201806 5.367 251.989 7.113
201809 5.388 252.439 7.128
201812 5.844 251.233 7.768
201903 5.523 254.202 7.256
201906 5.705 256.143 7.438
201909 6.293 256.759 8.185
201912 6.460 256.974 8.395
202003 7.250 258.115 9.380
202006 6.319 257.797 8.186
202009 6.429 260.280 8.249
202012 7.018 260.474 8.998
202103 13.838 264.877 17.447
202106 14.300 271.696 17.577
202109 15.781 274.310 19.212
202112 17.469 278.802 20.925
202203 17.779 287.504 20.651
202206 19.671 296.311 22.170
202209 21.592 296.808 24.294
202212 13.113 296.797 14.755
202303 13.688 301.836 15.144
202306 15.242 305.109 16.683
202309 19.120 307.789 20.745
202312 14.635 306.746 15.933
202403 15.436 312.332 16.504
202406 16.961 314.175 18.029
202409 17.202 315.301 18.220
202412 19.928 315.605 21.086
202503 19.663 319.799 20.533
202506 19.486 322.561 20.174
202509 22.416 324.800 23.048
202512 25.689 324.054 26.474
202603 29.128 330.213 29.458
202606 34.142 333.952 34.142

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Is Hamilton Lane (FRA:1M0) Overvalued in 2026?

Based on GuruFocus' analysis, Hamilton Lane stock appears to be undervalued. The current stock price of €75.00 is trading 49.6% below its estimated GF Value™ of €148.76. GuruFocus considers Hamilton Lane to be Significantly Undervalued.

Key valuation signals for FRA:1M0:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €148.76 vs. price of €75.00 (49.6% below fair value)
  • GF Score™: 86/100 with 1 warning sign

No single metric tells the full story. See the FRA:1M0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hamilton Lane Business Description

Other Exchanges HLNE:USA1M0:Germany
Address 110 Washington Street, Suite 1300, Conshohocken, PA, USA, 19428
Hamilton Lane Inc is a private markets investment firm globally, providing solutions to institutional and private wealth investors around the world. Dedicated exclusively to private markets investing for more than 30 years, the firm currently employs approximately 750 professionals operating in offices throughout North America, Europe, Asia Pacific, and the Middle East. It has approximately $986 billion in assets under management and supervision, composed of nearly $141 billion in discretionary assets and more than $845 billion in non-discretionary assets. The group specializes in building flexible investment programs that provide clients access to the full spectrum of private markets strategies, sectors, and geographies.
86GF Score

Get the complete analysis for FRA:1M0

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€75.00
Price
€148.76
GF Value