LazardFRA:69Q 81 EV-to-FCF is 10.60 as of Jul. 05, 2026, which is 35% above its 10-year median of 7.87. GuruFocus rates FRA:69Q with a GF Score™ of 81/100 and a GF Value™ of €40.32 (Fairly Valued). The stock has 3 warning signs investors should review. Among 446 Capital Markets companies, Lazard ranks worse than 52.69% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Lazard's Enterprise Value is €4,474 Mil.
Lazard's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was €422 Mil. Therefore, Lazard's EV-to-FCF for today is 10.60.
The historical rank and industry rank for Lazard's EV-to-FCF or its related term are showing as below:
FRA:69Q'
s EV-to-FCF Range Over the Past 10 Years
Min: 3.95 Med: 7.87 Max: 49.72
Current: 10.25
During the past 13 years, the highest EV-to-FCF of Lazard was 49.72. The lowest was 3.95. And the median was 7.87.
FRA:69Q's EV-to-FCF is ranked worse than 52.69% of 446
companies
in the Capital Markets industry
Industry Median: 9.33
vs FRA:69Q: 10.25
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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.
As of today (2026-07-05), Lazard's stock price is €36.00.
Lazard's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was €2.176. Therefore, Lazard's PE Ratio (TTM) for today is 16.54.
Lazard (FRA:69Q) EV-to-FCF Explanation
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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 €36.00.
Lazard's Earnings per Share (Diluted) 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 €2.176.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Lazard EV-to-FCF Related Terms
Lazard EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Lazard's EV-to-FCF 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.
For the Capital Markets subindustry, Lazard's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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-FCF vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Lazard's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Lazard's EV-to-FCF falls into.
Lazard's current Enterprise Value is €4,474 Mil.
Lazard's Free Cash Flow 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 €422 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-FCF of 10.60 as of Jul. 05, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Lazard and its competitors. This is 35% above median its historical median of 7.87. Over the past decade, Lazard's EV-to-FCF has ranged from 3.95 to 49.72. According to the industry distribution chart, Lazard ranks #235 out of 446 companies in the Capital Markets industry, placing it in the top 52.7%.
Is Lazard's EV-to-FCF too high?
Lazard's current EV-to-FCF of 10.60 is 35% above median its 10-year median of 7.87. Over the past 10 years, this metric has ranged from a low of 3.95 to a high of 49.72. The Capital Markets industry median EV-to-FCF is 9.33. Lazard's value of 10.60 is 13.6% above this industry median. Based on the distribution chart, Lazard ranks #235 out of 446 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Lazard has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Lazard's EV-to-FCF compare to PJT and MKTX?
According to the Capital Markets industry distribution chart, Lazard ranks #235 out of 446 companies for EV-to-FCF. This places Lazard in the lower half of its industry. The industry median EV-to-FCF is 9.33. Lazard's value of 10.60 is 13.6% above this benchmark. Historically, Lazard's own EV-to-FCF has ranged from 3.95 to 49.72 over the past decade. While the company's 10-year median is 7.87 vs. the industry median of 9.33, 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-FCF for a Capital Markets company?
The median EV-to-FCF among Capital Markets companies is 9.33, based on 446 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Lazard's current EV-to-FCF of 10.60 is 13.6% 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-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Lazard and its competitors. For the Capital Markets industry, the median EV-to-FCF is 9.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lazard's current EV-to-FCF is 10.60, which is 35% above median its own 10-year median of 7.87. 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 (FRA:69Q) is currently considered Fairly Valued. The stock's GF Value™ is €40.32, compared to a current price of €36.00 — trading 10.7% below its estimated fair value. The current EV-to-FCF is 10.60, which is 35% above median its 10-year median of 7.87 and 13.6% above the Capital Markets industry median of 9.33. Lazard's overall GF Score™ is 81/100 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-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Lazard (FRA:69Q), the current EV-to-FCF is 10.60 as of Jul. 05, 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 €36.00 is trading 10.7% below its estimated GF Value™ of €40.32.
GuruFocus considers Lazard to be Fairly Valued.
Key valuation signals for FRA:69Q:
EV-to-FCF: 10.60 (35% above median its 10-year median of 7.87)
GF Value™: €40.32 vs. price of €36.00 (10.7% below fair value)
Industry Position: 13.6% above the Capital Markets median (#235 of 446)
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.
81GF Score
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