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AFFILIATED MANAGERS GROUP, INC. AMG

NYSE · stock · Investment Advice · website · IPO 1997-11-21 · LEI

AFFILIATED MANAGERS GROUP, INC. statistics & valuation

Market cap$9.0B
P / E12.6×
P / S4.4×
P / B2.2×
P / FCF9.3×
Dividend yield0.01%
Net margin34.5%
Return on equity17.2%
FCF margin46.6%
Net debt$2.1B
Enterprise value USD$11.1B
Graham number -29.8%$254.43

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($254.43); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
21.50% 29.90% 10.20% 0.70% 10.00% 23.40% 49.20% 32.70% 25.10% 34.50% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
47.10% 48.10% 2016201720182019202020212022202320242025
Return on equity (%)
10.70% 15.10% 5.90% 0.40% 6.10% 15.20% 27.40% 14.70% 11.90% 17.20% 2016201720182019202020212022202320242025
Shares outstanding
58.5M 58.6M 58.5M 58.5M 58.5M 44.8M 49.0M 42.2M 36.1M 33.0M 2016201720182019202020212022202320242025
Net debt ($)
$437.8M $369.5M $1.26B $1.25B $1.27B $1.58B $2.11B $1.72B $1.67B $2.11B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
5.40% 7.90% 3.00% 0.20% 2.60% 6.40% 12.90% 7.40% 5.80% 7.80% 2016201720182019202020212022202320242025
Free cash flow margin (%)
46.90% 50.00% 47.20% 41.10% 49.40% 51.80% 44.80% 41.90% 45.50% 46.60% 2016201720182019202020212022202320242025
Debt / equity (×)
0.20× 0.18× 0.44× 0.51× 0.70× 0.67× 0.61× 0.56× 0.61× 0.64× 2016201720182019202020212022202320242025
EPS ($)
$8.57 $12.03 $4.52 $0.31 $4.33 $13.05 $25.35 $17.42 $15.13 $22.74 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

AFFILIATED MANAGERS GROUP, INC. trades at about 15.9× earnings — near its 10-year norm (10-year range 6.8×–257.6×, median 16.6×).

6.8× 257.6×

Shaded band = 10-year range (6.8×–257.6×); dot = today's 15.9×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin————————48.1%47.1%
Net margin34.5%25.1%32.7%49.2%23.4%10.0%0.7%10.2%29.9%21.5%
FCF margin46.6%45.5%41.9%44.8%51.8%49.4%41.1%47.2%50.0%46.9%
Return on assets7.8%5.8%7.4%12.9%6.4%2.6%0.2%3.0%7.9%5.4%
Return on equity17.2%11.9%14.7%27.4%15.2%6.1%0.4%5.9%15.1%10.7%
Debt / equity0.64×0.61×0.56×0.61×0.67×0.70×0.51×0.44×0.18×0.20×

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.