Stock fact sheet · data as of
Hamilton Lane Incorporated (HLNE): fair value, margin of safety and Wheel Score
Financial Services · Asset Management · United States · Quality / Blue-Chip
Is HLNE undervalued?
At 83.50 (close of 16 Oct 2026), HLNE trades 47% below the GLS average fair value of 158.24. That average comes from 9 models run on the latest filings, and 4 of them land above the current price. Margins of safety over 30% are the exception rather than the rule across the ~7,400 stocks we value each night, so the number earns Hamilton Lane Incorporated the full Value points in the Wheel Score - and a closer look at what the market is pricing in.
There is a wide gap between DDM (33.55) and GLS Growth (404.50). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
The nightly engine files HLNE under Quality / Blue-Chip: a high moat score and a high health score together.
Nine valuation models for HLNE
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 48.90 | -41% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 57.83 | -31% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 163.93 | +96% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 55.75 | -33% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 404.50 | +384% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 213.85 | +156% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 372.41 | +346% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 33.55 | -60% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 73.42 | -12% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -4.99 | -106% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 122.33 | +47% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Hamilton Lane Incorporated scores 7 of 9 on the Piotroski F-score, the nine yes/no tests of profitability, leverage and efficiency on the latest annual accounts - a strong reading that passes the Sunday Scan's "6 or more" rule with room to spare. A GLS Moat score of 7.8/10 puts HLNE among the more durable businesses we track: over ten years the metrics the score watches (revenue, EPS, book value, margins, cash flow, ROIC) have mostly moved the right way, year after year.
Returns on capital are high - ROIC 19.6%, ROE 27.2%, ROA 10.8% - with debt at 0.39 times equity and a free-cash-flow yield of 8.5%.
The dividend yield is 2.73% at a payout ratio of 52%; for a wheel trader holding assigned shares the dividend adds to the covered-call premium, and the ex-dividend date is worth knowing before a call is sold. Revenue comes mainly from Incentive Fee Revenue, Specialized Funds 79%, Incentive Fee Revenue, Customized Separ… 15%, Management And Advisory Fee Revenue, Re… 4% (quarter Q1 FY2027).
Institutional ownership scores 10/10, insider activity 10/10 and Congressional trading 5/10 on the GLS smart-money scales; the last recorded insider buy was on 16 Sep 2026.
| Piotroski F-score | 7 / 9 | ROIC | 19.6% |
|---|---|---|---|
| GLS Moat | 7.8 / 10 | ROE | 27.2% |
| Debt / equity | 0.39 | ROA | 10.8% |
| Free-cash-flow yield | 8.5% | Payout ratio | 52% |
| Institutions | 10 / 10 | Insiders · Congress | 10 · 5 / 10 |
Wheel Score 89: Prime
With a Wheel Score of 89, Hamilton Lane Incorporated sits in the Prime band - price, quality and premium all line up for the wheel strategy. The parts: Value 25/25, Health 16/20, Moat 12/15, Premium 20/20, Stability 17/20. A high score is a ranking, not a signal: it says nothing about timing, the earnings date or your position size.
Implied volatility is 50% on the near-the-money contracts 20-60 days out - inside the 35-60% range the Wheel Score pays full marks for: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is thin - 1,616 contracts across every expiry - so fills at a fair price are not guaranteed; a 30-45-day put may not exist at a usable strike.
Volume runs at 956k shares a day on a market cap of $4.6B, with a beta of 1.25 - a high beta, so the stock tends to move more than the market and a strike can be gapped through; the Stability part of the Wheel Score gives that 17 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 47% margin of safety | |
| Health | 16 / 20 | Piotroski 7/9 | |
| Moat | 12 / 15 | moat 7.8/10 | |
| Premium | 20 / 20 | implied volatility 50% | |
| Stability | 17 / 20 | 956k shares/day, $4.6B cap, beta 1.25 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 3 Nov 2026 (before the open), 18 days away; a 30-45-day put sold today would expire after it, which is worth weighing against the premium.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Asset Management
The 12 companies below are the closest to Hamilton Lane Incorporated by market cap within the Asset Management industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
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|---|---|---|---|---|---|
| HASI HA Sustainable Infrastructure Capital, Inc. | 36.80 | 27.99 | -31% | 56Fair | $4.7B |
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| BMRRX BlackRock Mid-Cap Growth Equity Portfolio | 23.58 | 163.05 | +86% | 39No options | $4.5B |
| JSEAX JPMorgan International Equity A | 23.39 | 20.34 | -15% | 30No options | $4.9B |
| OTF Blue Owl Technology Finance Corp. | 9.44 | 47.48 | +80% | 39No options | $4.3B |
| FAKTX American Funds 2015 Target Date Retirement Fd Cl F-1 | 13.21 | 192.52 | +93% | 39No options | $4.2B |
| MAIN Main Street Capital Corporation | 54.27 | 94.16 | +42% | 45Weak | $5.1B |
| FELTX Fidelity Advisor Semiconductors Fund | 153.71 | 1,989.48 | +92% | 39No options | $5.1B |
| FHI Federated Hermes, Inc. | 56.47 | 90.61 | +38% | 86Prime | $4.2B |
| OBDC Blue Owl Capital Corporation | 10.35 | 27.81 | +63% | 88Prime | $5.1B |
| TCLNX Nuveen Lifecycle 2030 Fund Retirement | 17.25 | 11.42 | -51% | 25No options | $4.2B |
| ARTYX Artisan Developing World Fund - Investor Shares | 23.06 | - | - | 37No options | $4.1B |
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Start free See the Sunday ScanQuestions about HLNE
Is HLNE undervalued right now?
By the GLS models, yes: at 83.50 the stock is 47% below the average fair value of 158.24 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of HLNE and what does it mean?
HLNE scores 89 out of 100 (Prime). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for HLNE?
158.24 per share as of 16 Oct 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Hamilton Lane Incorporated report earnings next?
The next earnings report is due on 3 Nov 2026 (before the open), 18 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does HLNE have listed options, and how liquid are they?
Yes. The nightly snapshot found 214 listed contracts with 1,616 open interest across all expiries and implied volatility of 50% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.