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.
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.
Houlihan LokeyFRA:2HL +1.01%85 EV-to-EBITDA is 14.32 as of Aug. 22, 2026, which is 10% above its 10-year median of 12.97. GuruFocus rates FRA:2HL with a GF Score™ of 85/100 and a GF Value™ of €153.05 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 508 Capital Markets companies, Houlihan Lokey ranks worse than 67.72% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Houlihan Lokey's enterprise value is €7,586 Mil.
Houlihan Lokey's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was €530 Mil. Therefore, Houlihan Lokey's EV-to-EBITDA for today is 14.32.
The historical rank and industry rank for Houlihan Lokey's EV-to-EBITDA or its related term are showing as below:
FRA:2HL'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 6.85 Med: 12.97 Max: 25.44
Current: 14.37
During the past 13 years, the highest EV-to-EBITDA of Houlihan Lokey was 25.44. The lowest was 6.85. And the median was 12.97.
FRA:2HL's EV-to-EBITDA is ranked worse than 67.72% of 508
companies
in the Capital Markets industry
Industry Median: 9.115
vs FRA:2HL: 14.37
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Houlihan Lokey's PE Ratio (TTM) for today is calculated as:
Houlihan Lokey's share price for today is €110.40.
Houlihan Lokey's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €5.111.
* 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.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
The historical data trend for Houlihan Lokey's EV-to-EBITDA 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.
FRA:2HL vs BMNR, WULF, SNEX: EV-to-EBITDA Comparison
For the Capital Markets subindustry, Houlihan Lokey's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA 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-EBITDA vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Houlihan Lokey's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Houlihan Lokey's EV-to-EBITDA falls into.
Houlihan Lokey's current Enterprise Value is €7,586 Mil.
Houlihan Lokey's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €530 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.
Houlihan Lokey (FRA:2HL) has a EV-to-EBITDA of 14.32 as of Aug. 22, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Houlihan Lokey. This is 10% above median its historical median of 12.97. Over the past decade, Houlihan Lokey's EV-to-EBITDA has ranged from 6.85 to 25.44. According to the industry distribution chart, Houlihan Lokey ranks #344 out of 508 companies in the Capital Markets industry, placing it in the top 67.7%.
Is Houlihan Lokey's EV-to-EBITDA too high?
Houlihan Lokey's current EV-to-EBITDA of 14.32 is 10% above median its 10-year median of 12.97. Over the past 10 years, this metric has ranged from a low of 6.85 to a high of 25.44. The Capital Markets industry median EV-to-EBITDA is 9.12. Houlihan Lokey's value of 14.32 is 57.1% above this industry median. Based on the distribution chart, Houlihan Lokey ranks #344 out of 508 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Houlihan Lokey has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Houlihan Lokey's EV-to-EBITDA compare to BMNR and WULF?
According to the Capital Markets industry distribution chart, Houlihan Lokey ranks #344 out of 508 companies for EV-to-EBITDA. This places Houlihan Lokey in the lower half of its industry. The industry median EV-to-EBITDA is 9.12. Houlihan Lokey's value of 14.32 is 57.1% above this benchmark. Historically, Houlihan Lokey's own EV-to-EBITDA has ranged from 6.85 to 25.44 over the past decade. While the company's 10-year median is 12.97 vs. the industry median of 9.12, Houlihan Lokey has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBITDA for a Capital Markets company?
The median EV-to-EBITDA among Capital Markets companies is 9.12, based on 508 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Houlihan Lokey's current EV-to-EBITDA of 14.32 is 57.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Houlihan Lokey. For the Capital Markets industry, the median EV-to-EBITDA is 9.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Houlihan Lokey's current EV-to-EBITDA is 14.32, which is 10% above median its own 10-year median of 12.97. 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 (FRA:2HL) is currently considered Modestly Undervalued. The stock's GF Value™ is €153.05, compared to a current price of €110.40 — trading 27.9% below its estimated fair value. The current EV-to-EBITDA is 14.32, which is 10% above median its 10-year median of 12.97 and 57.1% above the Capital Markets industry median of 9.12. Houlihan Lokey's overall GF Score™ is 85/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Houlihan Lokey (FRA:2HL), the current EV-to-EBITDA is 14.32 as of Aug. 22, 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 (FRA:2HL) Overvalued in 2026?
Based on GuruFocus' analysis, Houlihan Lokey stock appears to be undervalued.
The current stock price of €110.40 is trading 27.9% below its estimated GF Value™ of €153.05.
GuruFocus considers Houlihan Lokey to be Modestly Undervalued.
Key valuation signals for FRA:2HL:
EV-to-EBITDA: 14.32 (10% above median its 10-year median of 12.97)
GF Value™: €153.05 vs. price of €110.40 (27.9% below fair value)
Industry Position: 57.1% above the Capital Markets median (#344 of 508)
No single metric tells the full story. See the FRA:2HL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
85GF Score
Get the complete analysis for FRA:2HL
EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:2HL has been successfully added to your 
