Houlihan Lokey (HLI)
NYSEFinancialsInvestment - Banking & Investment ServicesSnapshot 2026-11-05
$147.22-4.44%
Close 2026-11-05 · 1-day change
NYSEFinancialsInvestment - Banking & Investment ServicesSnapshot 2026-11-05
Research Workspace
Put HLI beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Investment Banking & Brokerage is in expansion. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
Primary pillar under pressure — Profit margin near current 18.4 PE level: P/E (TTM): 21.75x.
View ThesisRevenue is contracting — down about 0% over the past year.
View GrowthRanks in the weakest quality tier of its industry — roughly the bottom 46%, softest on free-cash-flow yield.
View QualityManagement screens strong on capital allocation, margins, the balance sheet.
View ManagementExpectations look high — the market is pricing in about 27% growth a year, above the roughly 15% analysts expect, leaving little room for error.
View ValuationModerate volatility — typically moves about 2% a day.
View RiskHoulihan Lokey's restructuring must extend into fiscal 2028 to justify the price. Revenue fell 15% in the prior quarter. The latest quarter beat estimates by 17.1%. The stock trades at 23 times earnings. Peers trade at 19 times earnings. The market prices in more growth than we forecast. The primary pillar is under pressure. Profit margins are near the current 18.4 level. Peer multiples imply a price about 31% below where it trades. Our read remains intact. This read is provisional.
End-of-day figures as of 2026-11-05. EPS is implied from price ÷ P/E. Not investment advice.
Trailing returns as of 2026-11-05. HLI is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 11 analysts currently covering HLI (as of Nov 2026).
Based on 5 Wall Street analysts offering 12-month price targets for HLI in the last 4 months.
Current $147.22
The last 12 months of price, then the range of analyst 12-month targets from today’s $147.22.
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
Continue this research
Compare HLI with peers and holdings, graph the same reported metric, keep your questions beside the evidence, and return when the facts change.
Compare now without an account. Saving and monitoring require an account.
| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| HLI Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 13 valuation methods, at three horizons. As of 2026-11-05. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A long-thesis check that carries the widest uncertainty of the three horizons.
Top 25% on quality vs scored peers
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
A price-focused, side-by-side fair-value read versus Investment Banking & Brokerage — fair value, gap to price, and forward P/E.
Compare the value case
Put HLI next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Threatens: Enhance operating income and profitability
Elevated tax expectations and restructuring extending into fiscal 2028 weigh on profitability.
Threatens: Focus on revenue growth across business segments
Rising defaults may hinder revenue growth across segments.
Threatens: Focus on revenue growth across business segments
Rising stress may hinder revenue growth across segments.
Threatens: Focus on revenue growth across business segments
Stock drop indicates market concerns about growth.
Advances: Focus on revenue growth across business segments
Leading by volume in M&A supports revenue growth.
Threatens: Focus on revenue growth across business segments
Sales below estimates indicate revenue growth challenges.
Threatens: Focus on revenue growth
Cautious expectations may hinder revenue growth.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.