Lazard, Inc.

Lazard, Inc.

36.20
EUR
+1.00
(+2.84%)
2.35EPS
14.45P/E
3.47BMarket Cap
Feb 04Next Earn

Total Valuation

EUR

As of March 31, 2026, Lazard Inc carries a market capitalization of 3.47B, placing it among publicly traded companies globally. Its enterprise value stands at 4.34B, reflecting the total theoretical takeover cost after accounting for cash holdings and debt obligations.

Market Cap3.47B
Enterprise Value4.34B

Important Dates

Lazard Inc's next confirmed earnings release is scheduled for February 4, 2027.

Earnings Date2/4/2027

Share Statistics

As of March 31, 2026, Lazard Inc has 98.44M shares outstanding.

Shares Outstanding98.44M

Valuation Ratios

As of March 31, 2026, Lazard Inc trades at a trailing price-to-earnings ratio of 14.45. The price-to-sales ratio is 1.23, and the price-to-book ratio stands at 4.54.

PE Ratio14.45
PS Ratio1.23
PB Ratio4.54
P/TBV Ratio8.23
P/FCF Ratio8.74
P/OCF Ratio7.75

Enterprise Valuation

As of March 31, 2026, Lazard Inc trades at an EV/EBITDA multiple of 12.65 - the valuation measure that neutralizes differences in capital structure, tax rates, and depreciation policy, making it the standard yardstick for comparing companies across an industry. The EV/Sales ratio of 1.54 reflects the premium investors pay for the company's revenue stream, a useful check when earnings are depressed or negative. Its EV/EBIT multiple of 13.82 values the business against core operating earnings after depreciation, a stricter test than EV/EBITDA for capital-intensive businesses. Lazard Inc trades at an EV/FCF ratio of 8.81, comparing the total takeover cost of the business to the cash it actually generates for all capital providers. These enterprise value multiples are built on an enterprise value of 4.34B versus a market cap of 3.47B, with the gap driven by net debt and cash on the balance sheet.

EV / Sales1.54
EV / EBITDA12.65
EV / EBIT13.82
EV / FCF8.81

Financial Position

As of March 31, 2026, Lazard Inc maintains a current ratio of 5.61, meaning it holds 5.6x the short-term assets needed to cover near-term liabilities. The debt-to-equity ratio is 226.59, indicating elevated leverage, while an interest coverage ratio of 4.43 demonstrates adequate ability to service its debt obligations.

Current Ratio5.61
Quick Ratio5.60
Debt / Equity226.59
Debt / EBITDA5.46
Interest Coverage4.43

Financial Efficiency

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Over the twelve months ended March 31, 2026, Lazard Inc posted a return on equity (ROE) of 37.37, showing how much profit the company earns on every dollar of shareholder capital. Return on invested capital (ROIC) comes in at 9.55 - the clearest signal of whether the business earns more on its capital than that capital costs, and the core measure of a durable competitive advantage. Return on assets (ROA) stands at 6.55, measuring how efficiently the asset base is converted into earnings. Return on capital employed (ROCE) is 11.14, useful for judging operating efficiency across full business cycles. The company generates approximately 858,797.09 in revenue per employee across its workforce of 3,286.00, a quick read on workforce productivity versus industry peers.

Return on Equity (ROE)37.37
Return on Assets (ROA)6.55
Return on Invested Capital (ROIC)9.55
Return on Capital Employed (ROCE)11.14
Revenue Per Employee858,797.09
Employee Count3,286.00

Taxes

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Over the twelve months ended March 31, 2026, Lazard Inc recorded 63.10M in income tax expense. That works out to an effective tax rate of 20.12, which can sit above or below the statutory corporate tax rate depending on foreign earnings mix, tax credits, and one-off items. Taxes are levied on pretax income of 313.63M, leaving 239.95M in net income after tax - the gap is what shifts in the tax rate do to reported earnings and EPS.

Income Tax63.10M
Effective Tax Rate20.12

Stock Price Statistics

EUR

As of the close on July 31, 2026, Lazard Inc's stock has declined approximately 21.65% over the past 52 weeks. The 50-day moving average sits at 37.87, while the 200-day moving average is 40.53.

52-Week Price Change-21.65%
50-Day Moving Average37.87
200-Day Moving Average40.53

Income Statement

EUR

Over the twelve months ended March 31, 2026, Lazard Inc generated 2.82B in revenue and converted that into 239.95M in net income, yielding earnings per share of 2.35. EBITDA reached 342.67M, while operating income came in at 360.94M.

Revenue2.82B
Gross Profit964.63M
Operating Income360.94M
Pretax Income313.63M
Net Income239.95M
EBITDA342.67M
EBIT313.63M
Earnings Per Share (EPS)2.35

Balance Sheet

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As of March 31, 2026, Lazard Inc holds 1.06B in cash and equivalents against 1.87B in total debt, resulting in a net debt position of 578.01M. Total book value stands at 762.41M, with working capital of 1.43B providing operational flexibility.

Cash & Cash Equivalents1.06B
Total Debt1.87B
Net Debt578.01M
Equity (Book Value)762.41M
Book Value Per Share7.75
Working Capital1.43B

Cash Flow

EUR

Lazard Inc produced 447.76M in operating cash flow over the twelve months ended March 31, 2026. After subtracting -17.57M in capital expenditures, free cash flow totaled 430.19M - equivalent to 4.37 per share.

Operating Cash Flow447.76M
Capital Expenditures-17.57M
Free Cash Flow430.19M
FCF Per Share4.37

Margins

Over the twelve months ended March 31, 2026, Lazard Inc posted a gross margin of 34.18, reflecting its pricing power and cost economics. The operating margin of 12.79 and net profit margin of 8.50 provide insight into operational efficiency.

Gross Margin34.18
Operating Margin12.79
Pretax Margin11.11
Profit Margin8.50
EBITDA Margin12.14

Dividends & Yields

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Over the twelve months ended March 31, 2026, Lazard Inc paid dividends of 1.66 per share. The dividend payout ratio of 62.48 indicates the proportion of earnings distributed to shareholders, a key gauge of how sustainable the dividend is and how much room remains for future dividend growth. Free cash flow yield stands at 11.44, showing how much cash the business generates relative to its market value - dividends covered by free cash flow are generally more durable than those funded by debt. Total shareholder yield reaches 10.62, combining dividends paid with share buybacks and debt reduction for a fuller picture of capital returned to Lazard Inc shareholders.

Dividend Per Share1.66
Payout Ratio62.48
Shareholder Yield10.62
FCF Yield11.44

Scores

As of March 31, 2026, Lazard Inc has an Altman Z-Score of 3.02, well above the 3.0 threshold that indicates strong financial health and minimal bankruptcy risk.

Altman Z-Score3.02