What is Lazard's EV / EBITDA?

Lazard (LAZ) reported EV / EBITDA of 13× in Q1 2026.

How has Lazard's EV / EBITDA changed year-over-year?

Lazard's EV / EBITDA increased by 5.6% year-over-year, from 12.3× to 13×.

What is the long-term trend for Lazard's EV / EBITDA?

Over 4 years (2020 to 2025), Lazard's EV / EBITDA has grown at a 10.7% compound annual growth rate (CAGR), from 9.8× to 14.7×.

What does EV / EBITDA mean?

Enterprise value (market cap plus total debt minus cash) at the quarter end divided by trailing-twelve-month EBITDA. A capital-structure-neutral valuation multiple.

Lazard LAZ EV / EBITDA

EV / EBITDA at other companies

Goldman Sachs GroupGS

1.6×-2.1×

Morgan StanleyMS

7.5×+1.6×

Houlihan LokeyHLI

16.4×-3.5×

EvercoreEVR

11×-2.5×

Moelis & CompanyMC

15.1×-4.8×

PJT PartnersPJT

9.1×-3.1×

Other financials

Income statement

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Revenue$756.6M+16.7%

Operating income$89.6M+63.9%

Net income$100.9M+67.1%

EPS (diluted)$0.91+62.5%

Balance sheet

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Cash & equivalents$1.0B+12.3%

Total debt$2.2B-1.4%

Total equity$881.3M+46.1%

Total assets$4.2B+0.2%

Cash flow

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Operating cash flow-$219.3M-0.8%

CapEx$2.2M-84.2%

Free cash flow-$221.5M+4.3%

Valuation

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Market cap$4.36B+2.5%

Enterprise value$5.5B-0.9%

P/E15.7×+1.7×

P/S1.4×-0.1×

Profitability

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Operating margin11.3%-1.9pp

Net margin8.6%-1.7pp

FCF margin15.5%-3.7pp

Returns & leverage

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Return on equity37.4%-23.8pp

Debt / equity2.5×-1.2×

Where this comes from

Calculated from Lazard’s reported figures.

enterprise value/ebitda=13×

Based on the most recent quarter.

The official record: Lazard’s 10-Q, filed May 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Lazard's EV / EBITDA?: Lazard (LAZ) reported EV / EBITDA of 13× in Q1 2026.
How has Lazard's EV / EBITDA changed year-over-year?: Lazard's EV / EBITDA increased by 5.6% year-over-year, from 12.3× to 13×.
What is the long-term trend for Lazard's EV / EBITDA?: Over 4 years (2020 to 2025), Lazard's EV / EBITDA has grown at a 10.7% compound annual growth rate (CAGR), from 9.8× to 14.7×.
What does EV / EBITDA mean?: Enterprise value (market cap plus total debt minus cash) at the quarter end divided by trailing-twelve-month EBITDA. A capital-structure-neutral valuation multiple.