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LazardFRA:69Q -5.73%83 EV-to-EBITDA is 12.19 as of Aug. 22, 2026, which is 50% above its 10-year median of 8.10. GuruFocus rates FRA:69Q with a GF Score™ of 83/100 and a GF Value™ of €38.25. The stock has 3 warning signs investors should review. Among 508 Capital Markets companies, Lazard ranks worse than 60.24% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Lazard's enterprise value is €4,500 Mil.
Lazard's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was €369 Mil. Therefore, Lazard's EV-to-EBITDA for today is 12.19.
The historical rank and industry rank for Lazard's EV-to-EBITDA or its related term are showing as below:
FRA:69Q'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 4.01 Med: 8.1 Max: 120.99
Current: 12.23
During the past 13 years, the highest EV-to-EBITDA of Lazard was 120.99. The lowest was 4.01. And the median was 8.10.
FRA:69Q's EV-to-EBITDA is ranked worse than 60.24% of 508
companies
in the Capital Markets industry
Industry Median: 9.115
vs FRA:69Q: 12.23
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.
As of today (2026-08-22), Lazard's stock price is €36.20.
Lazard's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was €1.751. Therefore, Lazard's PE Ratio (TTM) for today is 20.67.
The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).
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.
Lazard's share price for today is €36.20.
Lazard'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 €1.751.
* 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 Lazard'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:69Q vs PJT, GLXY, MKTX: EV-to-EBITDA Comparison
For the Capital Markets subindustry, Lazard'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.
Lazard EV-to-EBITDA vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Lazard's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Lazard's EV-to-EBITDA falls into.
Lazard's current Enterprise Value is €4,500 Mil.
Lazard'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 €369 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.
Lazard (FRA:69Q) has a EV-to-EBITDA of 12.19 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 Lazard. This is 50% above median its historical median of 8.10. Over the past decade, Lazard's EV-to-EBITDA has ranged from 4.01 to 120.99. According to the industry distribution chart, Lazard ranks #306 out of 508 companies in the Capital Markets industry, placing it in the top 60.2%.
Is Lazard's EV-to-EBITDA too high?
Lazard's current EV-to-EBITDA of 12.19 is 50% above median its 10-year median of 8.10. Over the past 10 years, this metric has ranged from a low of 4.01 to a high of 120.99. The Capital Markets industry median EV-to-EBITDA is 9.12. Lazard's value of 12.19 is 33.7% above this industry median. Based on the distribution chart, Lazard ranks #306 out of 508 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Lazard has a GF Score™ of 83/100, reflecting its overall financial health beyond just this single metric.
How does Lazard's EV-to-EBITDA compare to PJT and GLXY?
According to the Capital Markets industry distribution chart, Lazard ranks #306 out of 508 companies for EV-to-EBITDA. This places Lazard in the lower half of its industry. The industry median EV-to-EBITDA is 9.12. Lazard's value of 12.19 is 33.7% above this benchmark. Historically, Lazard's own EV-to-EBITDA has ranged from 4.01 to 120.99 over the past decade. While the company's 10-year median is 8.10 vs. the industry median of 9.12, Lazard 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. Lazard's current EV-to-EBITDA of 12.19 is 33.7% 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 Lazard. 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. Lazard's current EV-to-EBITDA is 12.19, which is 50% above median its own 10-year median of 8.10. 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?
Lazard (FRA:69Q) has a current EV-to-EBITDA of 12.19. The stock's GF Value™ is €38.25, compared to a current price of €36.20 — trading 5.4% below its estimated fair value. The current EV-to-EBITDA is 12.19, which is 50% above median its 10-year median of 8.10 and 33.7% above the Capital Markets industry median of 9.12. 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 EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Lazard (FRA:69Q), the current EV-to-EBITDA is 12.19 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 Lazard (FRA:69Q) Overvalued in 2026?
Based on GuruFocus' analysis, Lazard stock appears to be undervalued.
The current stock price of €36.20 is trading 5.4% below its estimated GF Value™ of €38.25.
Key valuation signals for FRA:69Q:
EV-to-EBITDA: 12.19 (50% above median its 10-year median of 8.10)
GF Value™: €38.25 vs. price of €36.20 (5.4% below fair value)
Industry Position: 33.7% above the Capital Markets median (#306 of 508)
No single metric tells the full story. See the FRA:69Q stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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
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