LAZ (Lazard) ROCE %: 11.33% (As of Mar. 2026)


LAZ Lazard Inc LAZ
83 GF Score
Price $40.49
GF Value $46.48
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Lazard ROCE %?

Lazard LAZ -4.30% 83 ROCE % is 11.33% as of Mar. 2026. GuruFocus rates LAZ with a GF Score™ of 83/100 and a GF Value™ of $46.48 (Modestly Undervalued). The stock has 3 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Lazard's annualized ROCE % for the quarter that ended in Mar. 2026 was 11.33%.

Lazard  (NYSE:LAZ) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Lazard ROCE % Related Terms

Lazard ROCE % Historical Data

* Premium members only.

The historical data trend for Lazard's ROCE % 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.

Lazard ROCE % Chart

Lazard Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.62 12.89 -0.06 12.65 10.44

Lazard Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.85 11.66 11.41 10.39 11.33
LAZ
83GF Score
Lazard Inc LAZ
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Lazard ROCE % Calculation

Lazard's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=415.217/( ( (4793.993 - 896.785) + (4940.734 - 886.39) )/ 2 )
=415.217/( (3897.208+4054.344)/ 2 )
=415.217/3975.776
=10.44 %

Lazard's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=449.564/( ( (4940.734 - 886.39) + (4240.648 - 357.714) )/ 2 )
=449.564/( ( 4054.344 + 3882.934 )/ 2 )
=449.564/3968.639
=11.33 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 11.33% mean?
Lazard (LAZ) has a ROCE % of 11.33% as of Mar. 2026.
Is Lazard's ROCE % too high?
Lazard's current ROCE % is 11.33%. The Capital Markets industry median ROCE % is 5.58. Lazard's value of 11.33% is 103.2% above this industry median. Overall, Lazard has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Lazard's ROCE % compare to CLSK and MKTX?
Lazard's ROCE % of 11.33% can be compared against companies in the Capital Markets industry. The industry median ROCE % is 5.58. Lazard's value of 11.33% is 103.2% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Capital Markets company?
The median ROCE % among Capital Markets companies is 5.58, based on 690 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Lazard's current ROCE % of 11.33% is 103.2% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Capital Markets industry, the median ROCE % is 5.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lazard's current ROCE % is 11.33%. 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 (LAZ) is currently considered Modestly Undervalued. The stock's GF Value™ is $46.48, compared to a current price of $40.49 — trading 12.9% below its estimated fair value. The current ROCE % is 11.33% and 103.2% above the Capital Markets industry median of 5.58. 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 ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Lazard (LAZ), the current ROCE % is 11.33% 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 Lazard (LAZ) Overvalued in 2026?

Based on GuruFocus' analysis, Lazard stock appears to be undervalued. The current stock price of $40.49 is trading 12.9% below its estimated GF Value™ of $46.48. GuruFocus considers Lazard to be Modestly Undervalued.

Key valuation signals for LAZ:

  • ROCE %: 11.33%
  • GF Value™: $46.48 vs. price of $40.49 (12.9% below fair value)
  • GF Score™: 83/100 with 3 warning signs
  • Industry Position: 103.2% above the Capital Markets median

No single metric tells the full story. See the LAZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Lazard Business Description

Other Exchanges 0UB6:UK69Q:Germany
Address 30 Rockefeller Plaza, New York, NY, USA, 10112
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

Get the complete analysis for LAZ

ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$40.49
Price
$46.48
GF Value