What is Lazard's price / book?

Lazard (LAZ) reported price / book of 4.5× in Q1 2026.

How has Lazard's price / book changed year-over-year?

Lazard's price / book decreased by 29.9% year-over-year, from 6.5× to 4.5×.

What is the long-term trend for Lazard's price / book?

Over 5 years (2020 to 2025), Lazard's price / book has grown at a 2.1% compound annual growth rate (CAGR), from 4.8× to 5.3×.

What does price / book mean?

Market capitalization at the quarter end divided by shareholders' equity. The premium (or discount) the market assigns to the company's book equity.

Lazard LAZ Price / book

Price / book at other companies

Jefferies Financial GroupJEF

0.9×-0.5×

Goldman Sachs GroupGS

2×+0.7×

Morgan StanleyMS

2.3×+0.5×

EvercoreEVR

6.6×+1.4×

Moelis & CompanyMC

8.6×+0.1×

PJT PartnersPJT

12.4×-9.2×

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

See full

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

See full

Operating margin11.3%-1.9pp

Net margin8.6%-1.7pp

FCF margin15.5%-3.7pp

Returns & leverage

See full

Return on equity37.4%-23.8pp

Debt / equity2.5×-1.2×

Where this comes from

Calculated from Lazard’s reported figures.

market cap/total stockholders equity=4.5×

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 price / book?: Lazard (LAZ) reported price / book of 4.5× in Q1 2026.
How has Lazard's price / book changed year-over-year?: Lazard's price / book decreased by 29.9% year-over-year, from 6.5× to 4.5×.
What is the long-term trend for Lazard's price / book?: Over 5 years (2020 to 2025), Lazard's price / book has grown at a 2.1% compound annual growth rate (CAGR), from 4.8× to 5.3×.
What does price / book mean?: Market capitalization at the quarter end divided by shareholders' equity. The premium (or discount) the market assigns to the company's book equity.