LAZ
Lazard, Inc. Financial Services - Capital Markets Investor Relations →
Lazard, Inc. (LAZ) closed at $44.30 as of 2026-06-19, trading 13.3% above its 200-week moving average of $39.09. The stock moved further from the line this week, up from 12.0% last week. The 14-week RSI sits at 57, indicating neutral momentum.
A big jump in activity this week — 3.5x the usual volume, and the price went up. Significantly more people than usual decided to buy. This kind of surge, especially on a stock already below its 200-week average, can be an early sign that sentiment is shifting.
Over the past 1054 weeks of data, LAZ has crossed below its 200-week moving average 21 times. On average, these episodes lasted 19 weeks. Historically, investors who bought LAZ at the start of these episodes saw an average one-year return of +7.6%.
With a market cap of $4.4 billion, LAZ is a mid-cap stock. Return on equity stands at 34.3%, indicating strong profitability. The stock trades at 5.0x book value.
Share count has increased 9.3% over three years, indicating dilution.
Over the past 20.2 years, a hypothetical investment of $100 in LAZ would have grown to $221, compared to $824 for the S&P 500. LAZ has returned 4.0% annualized vs 11.0% for the index, underperforming the broader market over this period.
Free cash flow has been declining at a -14.7% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: LAZ vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After LAZ Crosses Below the Line?
Across 21 historical episodes, buying LAZ when it crossed below its 200-week moving average produced an average return of +9.0% after 12 months (median +7.0%), compared to +10.2% for the S&P 500 over the same periods. 67% of those episodes were profitable after one year. After 24 months, the average return was +10.2% vs +22.8% for the index.
Each line shows $100 invested at the moment LAZ crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Bean Score Experimental
The Bean Score measures how far a stock's free cash flow yield has deviated from its own quarterly baseline, normalized by the stock's historical behavior. Between earnings dates, FCF is constant — so the score is purely a function of stock price. The levels below show at what prices LAZ would reach each dislocation threshold.
Dislocation Price Levels
Prices where LAZ's Bean Score would hit each σ threshold. Valid until next earnings report: 2026-07-23.
| Level | σ | Price | Signal |
|---|---|---|---|
| Deep Value | +2σ | $34.09 | Unusually cheap — potential buy zone |
| Value | +1σ | $37.72 | Cheap vs. own history |
| Fair Value | +0σ | $42.21 | Historical mean behavior |
| Expensive | -1σ | $47.92 | Expensive vs. own history |
| Deep Expensive | -2σ | $55.41 | Unusually expensive — potential trim zone |
Quarterly FCF & Yield Trailing twelve-month free cash flow and yield at each quarter end
Signal Accuracy Collecting Data
The Bean Score system is accumulating weekly data to validate signal accuracy. After 13+ weeks of history, this section will display win rates and average returns for each σ threshold crossing — answering the question: "When this score says cheap or expensive, does the price subsequently move in the expected direction?"
Theoretical framework — not backtested or forward-tested. The Bean Score uses trailing twelve-month free cash flow yield as a dislocation identifier. It measures whether the market has pushed a stock's yield unusually far from its own baseline behavior. These levels are reference points for identifying potential swing trade opportunities, not buy/sell signals. FCF values update quarterly with earnings; between reports, all movement is price-driven.
Dislocation Scores Experimental
Each score measures deviation from LAZ's own historical baseline — the same idea as the Bean Score, applied to different fundamentals. Positive means cheaper or more dislocated than this stock's norm. Scores marked σ are normalized by the stock's own variability; pp values are simple deltas from its recent baseline.
Theoretical framework — not backtested. These scores describe how unusual today's readings are for this specific company. They are starting points for research, not buy or sell signals. Annual-statement scores (buyback, accruals, FCF vs history) rest on only ~4 yearly data points and are deltas, not sigmas.
Historical Touches
LAZ has crossed below its 200-week MA 21 times with an average 1-year return of +7.6% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Jul 2007 | Jul 2007 | 1 | 3.6% | +5.3% | +161.9% |
| Aug 2007 | Aug 2007 | 1 | 0.5% | +12.1% | +153.6% |
| Dec 2007 | Jul 2008 | 29 | 18.2% | -21.1% | +153.7% |
| Sep 2008 | Sep 2008 | 2 | 1.4% | +1.9% | +152.9% |
| Oct 2008 | Aug 2009 | 43 | 42.5% | +15.7% | +161.2% |
| Sep 2009 | Sep 2009 | 2 | 2.8% | -1.6% | +155.9% |
| Oct 2009 | Nov 2009 | 2 | 1.5% | -0.9% | +150.5% |
| Nov 2009 | Jan 2010 | 6 | 4.6% | -4.4% | +147.3% |
| Feb 2010 | Apr 2010 | 9 | 6.0% | +22.5% | +153.1% |
| May 2010 | Oct 2010 | 25 | 29.5% | +17.1% | +171.7% |
| Nov 2010 | Nov 2010 | 1 | 1.3% | -36.1% | +158.6% |
| Jul 2011 | Dec 2012 | 77 | 38.3% | -23.9% | +173.6% |
| Jan 2016 | Mar 2016 | 9 | 20.2% | +18.4% | +112.4% |
| Apr 2016 | Nov 2016 | 32 | 22.4% | +40.1% | +118.6% |
| Oct 2018 | Nov 2019 | 54 | 18.8% | +5.0% | +72.9% |
| Feb 2020 | Nov 2020 | 37 | 40.6% | +14.4% | +68.6% |
| Feb 2022 | Jul 2022 | 22 | 11.6% | +10.6% | +52.1% |
| Sep 2022 | Oct 2022 | 5 | 8.2% | -0.3% | +59.1% |
| Mar 2023 | Jul 2023 | 18 | 16.8% | +22.7% | +51.1% |
| Jul 2023 | Dec 2023 | 19 | 18.7% | +39.8% | +51.6% |
| Mar 2025 | Apr 2025 | 3 | 4.8% | +22.7% | +32.4% |
| Average | 19 | — | +7.6% | — |
Frequently Asked Questions
Is LAZ below its 200-week moving average?
No. Lazard, Inc. (LAZ) is currently 13.3% above its 200-week moving average of $39.09. It would need to fall to $39.09 to cross below the line.
What is LAZ's 200-week moving average price?
Lazard, Inc.'s 200-week moving average is $39.09 as of 2026-06-19. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when LAZ drops below its 200-week moving average?
LAZ has crossed below its 200-week moving average 21 times in our data. On average, buying at that moment produced a one-year return of +7.6%. These dips have historically been decent entry points. These episodes lasted 19 weeks on average.
Is LAZ a good value right now?
Here's what our data says about LAZ as of 2026-06-19: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 57. Return on equity is 34.3%. Price-to-book is 5.0x. This is not a buy or sell recommendation — always do your own research.
How does LAZ compare to the S&P 500?
Over the past 20.2 years, $100 invested in LAZ would have grown to $221, compared to $824 for the S&P 500. That's 4.0% annualized vs 11.0% for the index. LAZ has underperformed the broader market over this period.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-06-19