LazardFRA:69Q 81 PB Ratio is 4.65 as of Jul. 05, 2026, which is 17% below its 10-year median of 5.62. GuruFocus rates FRA:69Q with a GF Score™ of 81/100 and a GF Value™ of €40.32 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 780 Capital Markets companies, Lazard ranks worse than 87.44% on this metric.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-07-05), Lazard's share price is €36.00. Lazard's Book Value per Share for the quarter that ended in Mar. 2026 was €7.74. Hence, Lazard's PB Ratio of today is 4.65.
Good Sign:
Lazard Inc stock PB Ratio (=4.64) is close to 3-year low of 4.2.
The historical rank and industry rank for Lazard's PB Ratio or its related term are showing as below:
FRA:69Q'
s PB Ratio Range Over the Past 10 Years
Min: 3.32 Med: 5.62 Max: 9.91
Current: 4.64
During the past 13 years, Lazard's highest PB Ratio was 9.91. The lowest was 3.32. And the median was 5.62.
FRA:69Q's PB Ratio is ranked worse than 87.44% of 780
companies
in the Capital Markets industry
Industry Median: 1.35
vs FRA:69Q: 4.64
During the past 12 months, Lazard's average Book Value Per Share Growth Rate was 39.80% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 12.80% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -2.50% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -3.70% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Lazard was 62.00% per year. The lowest was -49.00% per year. And the median was 0.85% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Lazard PB Ratio Related Terms
Lazard PB Ratio Historical Data
* Premium members only.
The historical data trend for Lazard's 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.
For the Capital Markets subindustry, Lazard's PB Ratio, along with its competitors' market caps and 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.
Lazard PB Ratio vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Lazard's PB Ratio distribution charts can be found below:
* The bar in red indicates where Lazard's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
Lazard's PB Ratio for today is calculated as follows:
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Lazard (FRA:69Q) has a PB Ratio of 4.65 as of Jul. 05, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Lazard and its competitors. This is 17% below median its historical median of 5.62. Over the past decade, Lazard's PB Ratio has ranged from 3.32 to 9.91. According to the industry distribution chart, Lazard ranks #682 out of 780 companies in the Capital Markets industry, placing it in the top 87.4%.
Is Lazard's PB Ratio too high?
Lazard's current PB Ratio of 4.65 is 17% below median its 10-year median of 5.62. Over the past 10 years, this metric has ranged from a low of 3.32 to a high of 9.91. The Capital Markets industry median PB Ratio is 1.35. Lazard's value of 4.65 is 244.4% above this industry median. Based on the distribution chart, Lazard ranks #682 out of 780 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Lazard has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Lazard's PB Ratio compare to PJT and MKTX?
According to the Capital Markets industry distribution chart, Lazard ranks #682 out of 780 companies for PB Ratio. This places Lazard in the lower half of its industry. The industry median PB Ratio is 1.35. Lazard's value of 4.65 is 244.4% above this benchmark. Historically, Lazard's own PB Ratio has ranged from 3.32 to 9.91 over the past decade. While the company's 10-year median is 5.62 vs. the industry median of 1.35, 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 PB Ratio for a Capital Markets company?
The median PB Ratio among Capital Markets companies is 1.35, based on 780 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Lazard's current PB Ratio of 4.65 is 244.4% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Lazard and its competitors. For the Capital Markets industry, the median PB Ratio is 1.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lazard's current PB Ratio is 4.65, which is 17% below median its own 10-year median of 5.62. 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 Modestly Undervalued. 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 PB Ratio is 4.65, which is 17% below median its 10-year median of 5.62 and 244.4% above the Capital Markets industry median of 1.35. 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 PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Lazard (FRA:69Q), the current PB Ratio is 4.65 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 Modestly Undervalued.
Key valuation signals for FRA:69Q:
PB Ratio: 4.65 (17% below median its 10-year median of 5.62)
GF Value™: €40.32 vs. price of €36.00 (10.7% below fair value)
Industry Position: 244.4% above the Capital Markets median (#682 of 780)
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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