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Hamilton LaneHLNE +4.13%81 Return-on-Tangible-Equity is 29.53% as of Mar. 2026, which is 16% below its 10-year median of 35.00. GuruFocus rates HLNE with a GF Score™ of 81/100 and a GF Value™ of $157.95 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,589 Asset Management companies, Hamilton Lane ranks better than 86.6% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Hamilton Lane's annualized net income for the quarter that ended in Mar. 2026 was $264.7 Mil. Hamilton Lane's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $896.3 Mil. Therefore, Hamilton Lane's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 29.53%.
The historical rank and industry rank for Hamilton Lane's Return-on-Tangible-Equity or its related term are showing as below:
HLNE'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 25.05 Med: 35 Max: 49.91
Current: 30.43
During the past 13 years, Hamilton Lane's highest Return-on-Tangible-Equity was 49.91%. The lowest was 25.05%. And the median was 35.00%.
HLNE's Return-on-Tangible-Equity is ranked better than 86.6% of 1589
companies
in the Asset Management industry
Industry Median: 7.21
vs HLNE: 30.43
Hamilton Lane (NAS:HLNE) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Hamilton Lane Return-on-Tangible-Equity Related Terms
Hamilton Lane Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Hamilton Lane's Return-on-Tangible-Equity 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.
HLNE vs AB, NEA, GBDC: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Hamilton Lane's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.
Hamilton Lane Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Hamilton Lane's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Hamilton Lane's Return-on-Tangible-Equity falls into.
* 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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 29.53% mean?
Hamilton Lane (HLNE) has a Return-on-Tangible-Equity of 29.53% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Hamilton Lane and its competitors. This is 16% below median its historical median of 35.00. Over the past decade, Hamilton Lane's Return-on-Tangible-Equity has ranged from 25.05 to 49.91. According to the industry distribution chart, Hamilton Lane ranks #213 out of 1589 companies in the Asset Management industry, placing it in the top 13.4%.
Is Hamilton Lane's Return-on-Tangible-Equity too high?
Hamilton Lane's current Return-on-Tangible-Equity of 29.53% is 16% below median its 10-year median of 35.00. Over the past 10 years, this metric has ranged from a low of 25.05 to a high of 49.91. The Asset Management industry median Return-on-Tangible-Equity is 7.21. Hamilton Lane's value of 29.53% is 309.6% above this industry median. Based on the distribution chart, Hamilton Lane ranks #213 out of 1589 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Hamilton Lane has a GF Score™ of 81/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hamilton Lane's Return-on-Tangible-Equity compare to AB and NEA?
According to the Asset Management industry distribution chart, Hamilton Lane ranks #213 out of 1589 companies for Return-on-Tangible-Equity. This places Hamilton Lane in the top 13% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.21. Hamilton Lane's value of 29.53% is 309.6% above this benchmark. Historically, Hamilton Lane's own Return-on-Tangible-Equity has ranged from 25.05 to 49.91 over the past decade. While the company's 10-year median is 35.00 vs. the industry median of 7.21, Hamilton Lane 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 Return-on-Tangible-Equity for an Asset Management company?
The median Return-on-Tangible-Equity among Asset Management companies is 7.21, based on 1,589 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hamilton Lane's current Return-on-Tangible-Equity of 29.53% is 309.6% 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 Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Hamilton Lane and its competitors. For the Asset Management industry, the median Return-on-Tangible-Equity is 7.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hamilton Lane's current Return-on-Tangible-Equity is 29.53%, which is 16% below median its own 10-year median of 35.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hamilton Lane stock overvalued right now?
Based on GuruFocus' analysis, Hamilton Lane (HLNE) is currently considered Significantly Undervalued. The stock's GF Value™ is $157.95, compared to a current price of $85.79 — trading 45.7% below its estimated fair value. The current Return-on-Tangible-Equity is 29.53%, which is 16% below median its 10-year median of 35.00 and 309.6% above the Asset Management industry median of 7.21. Hamilton Lane's overall GF Score™ is 81/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Hamilton Lane (HLNE), the current Return-on-Tangible-Equity is 29.53% 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 Hamilton Lane (HLNE) Overvalued in 2026?
Based on GuruFocus' analysis, Hamilton Lane stock appears to be undervalued.
The current stock price of $85.79 is trading 45.7% below its estimated GF Value™ of $157.95.
GuruFocus considers Hamilton Lane to be Significantly Undervalued.
Key valuation signals for HLNE:
Return-on-Tangible-Equity: 29.53% (16% below median its 10-year median of 35.00)
GF Value™: $157.95 vs. price of $85.79 (45.7% below fair value)
Industry Position: 309.6% above the Asset Management median (#213 of 1589)
No single metric tells the full story. See the HLNE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hamilton Lane Inc is a private markets investment firm globally, providing solutions to institutional and private wealth investors around the world. Dedicated exclusively to private markets investing for more than 30 years, the firm currently employs approximately 750 professionals operating in offices throughout North America, Europe, Asia Pacific, and the Middle East. It has approximately $986 billion in assets under management and supervision, composed of nearly $141 billion in discretionary assets and more than $845 billion in non-discretionary assets. The group specializes in building flexible investment programs that provide clients access to the full spectrum of private markets strategies, sectors, and geographies.
81GF Score
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