Stock AnalizAffiliated Managers Group, Inc. AMG
Investment Managers · data as of November 13, 2026
Affiliated Managers Group, Inc. (AMG) is a financial company listed in the US with a market value of about $9.7B. In the twelve months to September 30, 2026 it had revenue of $2.3B and net income of $817M, a net margin of 35.0%.
Its overall Stock Analiz score is 3.2 out of 5 (average). The strongest part is shareholder returns (5/5); the weakest is future growth (1/5).
Key numbers: a P/E of 13.9, a price to free cash flow of 8.5, 5-year revenue growth of 0% a year. A discounted cash flow model with moderate assumptions puts its intrinsic value about 64% above the current price.
Score: 3.2 / 5
Checks passed
- P/E below 25
- P/FCF below 20
- Price below intrinsic value (DCF, moderate assumptions)
- PEG below 1.5
- Profit margin improving
- 5-year EPS growth above 10% a year
- Profitable 5 years in a row
- ROE above 15%
Checks not passed
- P/E below the industry median
- Revenue growth above 10% last year
- 3-year revenue growth above 10% a year
- 3-year free cash flow growth above 10% a year
- Strong R&D investment or growth above 20%
- 5-year revenue growth above 8% a year
- 5-year average ROIC above 12%
- More cash than debt, or low debt to equity
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.3B | $2.1B | $2.0B | $2.1B | $2.3B | $2.4B | $2.0B | $2.2B | $2.4B | $2.3B | $2.2B |
| Net income | $817M | $717M | $512M | $673M | $1.1B | $566M | $202M | $16M | $244M | $690M | $473M |
| Free cash flow | $1.1B | $967M | $929M | $862M | $1.0B | $1.3B | $1.0B | $920M | $1.1B | $1.2B | $1.0B |
| EPS (diluted) | $28.34 | $22.74 | $15.13 | $17.42 | $25.35 | $13.05 | $4.33 | $0.31 | $4.52 | $12.03 | $8.57 |
| Net margin | 35.0% | 34.5% | 25.1% | 32.7% | 49.2% | 23.4% | 10.0% | 0.7% | 10.2% | 29.9% | 21.5% |
| ROIC | — | — | — | — | — | — | — | — | — | 22.6% | 17.5% |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 7 analysts is $466.71, 18% above the current price; targets range from $360.00 to $583.00; the consensus rating is “Strong buy”; expected EPS is $38.14 for the fiscal year ending December 31, 2026.
Frequently asked questions
What is Affiliated Managers Group’s P/E ratio?
About 13.9, based on the last twelve months of diluted earnings per share (forward P/E about 9.9).
Is Affiliated Managers Group stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 64% above the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Affiliated Managers Group pay a dividend?
Yes. The dividend yield is about 0.01%, and it has paid dividends for 9 years in our data.
Is Affiliated Managers Group a good stock to buy?
We do not give buy or sell advice. Affiliated Managers Group scores 3.2 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.