Houlihan Lokey (STU:2HL) EBIT: €531 Mil (TTM As of Mar. 2026)


STU:2HL Houlihan Lokey Inc STU:2HL
91 GF Score
Price €121.50
GF Value €172.97
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Houlihan Lokey EBIT?

Houlihan Lokey STU:2HL 91 EBIT is €531 Mil as of Mar. 2026. GuruFocus rates STU:2HL with a GF Score™ of 91/100 and a GF Value™ of €172.97 (Significantly Undervalued). The stock has 3 warning signs investors should review.

Houlihan Lokey's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €124 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €531 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Houlihan Lokey's annualized ROC % for the quarter that ended in Mar. 2026 was 17.36%. Houlihan Lokey's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 104.03%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Houlihan Lokey's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 7.15%.


Houlihan Lokey  (STU:2HL) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Houlihan Lokey's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=494.82 * ( 1 - 26.91% )/( (2009.104 + 2156.62)/ 2 )
=361.663938/2082.862
=17.36 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=3361.989 - 844.428 - ( 974.094 - max(0, 844.428 - 1352.885+974.094))
=2009.104

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=3727.246 - 1048.845 - ( 1138.516 - max(0, 1048.845 - 1570.626+1138.516))
=2156.62

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Houlihan Lokey's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=494.82/( ( (475.307 + max(-664.34, 0)) + (476.035 + max(-851.36, 0)) )/ 2 )
=494.82/( ( 475.307 + 476.035 )/ 2 )
=494.82/475.671
=104.03 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(180.088 + 0 + 0) - (844.428 + 0 + 0)
=-664.34

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(197.486 + 0 + -0.00099999999997635) - (1048.845 + 0 + 0)
=-851.36

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Houlihan Lokey's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=531.132/7432.412
=7.15 %

* 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.


Houlihan Lokey EBIT Related Terms


Houlihan Lokey EBIT Historical Data

* Premium members only.

The historical data trend for Houlihan Lokey's EBIT 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.

Houlihan Lokey EBIT Chart

Houlihan Lokey Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 556.48 351.94 367.17 514.60 535.03

Houlihan Lokey Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT 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 147.91 111.19 143.97 152.27 123.71

STU:2HL vs JEF, SF, SNEX: EBIT Comparison

For the Capital Markets subindustry, Houlihan Lokey's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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.


Houlihan Lokey EV-to-EBIT vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Houlihan Lokey's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Houlihan Lokey's EV-to-EBIT falls into.


STU:2HL
91GF Score
Houlihan Lokey Inc STU:2HL
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Houlihan Lokey EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €531 Mil.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of €531 Mil mean?
Houlihan Lokey (STU:2HL) has a EBIT of €531 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Houlihan Lokey.
Is Houlihan Lokey's EBIT too high?
Houlihan Lokey's current EBIT is €531 Mil. Overall, Houlihan Lokey has a GF Score™ of 91/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Houlihan Lokey's EBIT compare to JEF and SF?
Houlihan Lokey's EBIT of €531 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 EBIT for a Capital Markets company?
A good EBIT depends on the Capital Markets industry context. However, EBIT 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 EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Houlihan Lokey. Houlihan Lokey's current EBIT is €531 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Houlihan Lokey stock overvalued right now?
Based on GuruFocus' analysis, Houlihan Lokey (STU:2HL) is currently considered Significantly Undervalued. The stock's GF Value™ is €172.97, compared to a current price of €121.50 — trading 29.8% below its estimated fair value. The current EBIT is €531 Mil. Houlihan Lokey's overall GF Score™ is 91/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Houlihan Lokey (STU:2HL), the current EBIT is €531 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 Houlihan Lokey (STU:2HL) Overvalued in 2026?

Based on GuruFocus' analysis, Houlihan Lokey stock appears to be undervalued. The current stock price of €121.50 is trading 29.8% below its estimated GF Value™ of €172.97. GuruFocus considers Houlihan Lokey to be Significantly Undervalued.

Key valuation signals for STU:2HL:

  • EBIT: €531 Mil
  • GF Value™: €172.97 vs. price of €121.50 (29.8% below fair value)
  • GF Score™: 91/100 with 3 warning signs

No single metric tells the full story. See the STU:2HL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Houlihan Lokey Business Description

Other Exchanges HLI:USA2HL:Germany
Address 10250 Constellation Boulevard, 5th Floor, Los Angeles, CA, USA, 90067
Houlihan Lokey Inc is an investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, valuation, and strategic consulting. The firm serves corporations, institutions, and governments world-wide with offices in the United States, Europe, and the Asia-Pacific region. The company operates in three segments. In the Corporate Finance business segment, it provides M&A and capital markets advisory services. Through the Financial Restructuring business segment, the company advises on some of the complex restructurings around the world. The Financial and Valuation Advisory Services business segment provides valuation and financial opinion, and financial and strategic consulting practices in the United States.
91GF Score

Get the complete analysis for STU:2HL

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

€121.50
Price
€172.97
GF Value