Affiliated Managers Group (AMG) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Affiliated Managers Group

NYSE•Financial Services•Asset Management

$355.80+3.62(0.01%)Market closed

Market Cap

$9.39B

P/E

11.0x

P/S

4.1x

P/B

3.1x

Affiliated Managers Group, Inc., through its affiliates, operates as an investment management company providing investment management services to mutual funds, institutional clients,retails and high net worth individuals in the United States. It provides advisory or sub-advisory services to mutual funds. These funds are distributed to retail, high net worth and institutional clients directly and through intermediaries, including independent investment advisors, retirement plan sponsors, broker-dealers, major fund marketplaces, and bank trust departments. The company also offers investment products in various investment styles in the institutional distribution channel, including small, small/mid, mid, and large capitalization value and growth equity, and emerging markets. In addition, it offers quantitative, alternative, and fixed income products, and manages assets for foundations and endowments, defined benefit, and defined contribution plans for corporations and municipalities. Affiliated Managers Group provides investment management or customized investment counseling and fiduciary services. Affiliated Managers Group, Inc. was formed in 1993 and is based in West Palm Beach, Florida with additional offices in Prides Crossing, Massachusetts; Stamford, Connecticut; London, United Kingdom; Dubai, United Arab Emirates; Sydney, Australia; Hong Kong; Tokyo, Japan, Zurich, Switzerland and Delaware.

How this company scores

ExcellentMetricSide Score: 86/100

Strongest: Profitability (25/25); weakest: Balance Sheet & Red Flags (13/25).

Profitability25/25

Growth23/25

Balance Sheet & Red Flags13/25

Cash & Earnings Quality25/25

Strengths

Rising free cash flowStrong marginsHigh ROERising earnings

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 11.0x5y range 5.0x – 14.7x

Currently near its 20-quarter median.

P/S · 4.1x5y range 2.4x – 4.1x

Currently above its 20-quarter median.

P/B · 3.1x5y range 1.5x – 3.1x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Leverage Risk

Watch

Debt-to-equity has risen 22.2% recently — increasing financial risk even if the current ratio is manageable.

Price & Volume

Market Cap $9.39B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $2.27B
Q. Revenue: $640.70M
TTM EBITDA: $947.30M
TTM Op. Income: $810.40M
Q. Op. Income: $181.90M
TTM Net Income: $856.20M
Q. Net Income: $185.90M
EPS: $7.05
Shares Out.: $26.40M

$2.27B in TTM revenue grew 11.8% YoY, reaching $640.70M last quarter. TTM EBITDA of $947.30M and TTM operating income of $810.40M show growth is flowing through to the bottom line. TTM net income of $856.20M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 4 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 29.9%
Op. Margin: 28.4%
Net Margin: 29.0%

Op. margin of 28.4% is up 10.0% YoY — cost efficiency is improving. Net margin at 29.0% Over the past year, operating margin is up 55% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 11.0x
P/S Ratio: 4.1x
P/B Ratio: 3.1x

At 11.0x P/E, the stock trades below typical market levels. P/S of 4.1x and P/B of 3.1x provide additional context. P/E sits below typical market levels while revenue is growing. Over the past year, P/E is down 13% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $9.40B
Cash: $411.00M
Long-Term Debt: $3.00B
Book Value: $3.04B
D/E Ratio: 1.0
Debt/EBITDA: 15.7

With $9.40B in assets and $3.00B in long-term debt, D/E is 1.0and book value is $3.04B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has risen for 3 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $239.00M
TTM Free Cash Flow: $1.06B
FCF Margin: 46.9%
FCF / Net Income: 1.2

TTM FCF of $1.06B on $239.00M in operating cash flow. The FCF / Net Income ratio of 1.2x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 4 consecutive quarters — an improving trend.