# Affiliated Managers Group Inc. (AMG) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Financial Services / Capital Markets. Price $370.22, market value $9.6 billion.

## Valuation
- **P/E (trailing): 13.0×** (5-yr avg 10.5×, 3-yr avg 11.2×). Affiliated Managers Group Inc. trades at 13.0× trailing earnings, well above its own five-year average of 10.5×: investors are paying up relative to the company's past. The Financial Services median in the September 2026 study was 13.1×. Forward P/E is 8.7×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.17**. A PEG of 0.17 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 4.2×**. Each dollar of revenue is priced at 4.2×.
- **Price / book: 3.2×**. The shares trade at 3.2× book value; book value is a meaningful part of the valuation.
- **Free-cash-flow yield: 11.1%** (5-yr avg 13.6%). Free cash flow equals 11.1% of the market value, in line with its five-year average of 13.6%. Above 5% is generally attractive.
- **Earnings yield: 7.7%**. The inverse of the P/E: 7.7% of the price is earned each year.

## Profitability
- **Net margin: 34.5%**. 34.5% of each dollar of sales reaches the bottom line.
- **Return on equity: 22.1%**. 22.1% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on assets: 9.3%**. Each dollar of assets produces 9.3% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 1.6%** (3-yr -3.8%/yr, 5-yr 0.5%/yr). Revenue grew 1.6% over the last year, against 0.5% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 50.3%** (3-yr -3.6%/yr, 5-yr 39.3%/yr). Earnings per share rose 50.3%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): -2.5%/yr**. Free cash flow has compounded at -2.5% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.
- **Cash and short-term investments: $586 million**. Leverage ratios are shown differently for banks and insurers, whose balance sheets are built on deposits and reserves; use return on equity and the regulatory capital in the filings instead.

## Dividends
- **Dividend yield: 0.01%** ($0.04 per share, trailing). Affiliated Managers Group Inc. yields 0.01%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 0%**. 0% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 4**. 4 straight years of increases.
- **Dividend growth (5 yr): -35.2%/yr** (1-yr 0.0%). The dividend has not grown over five years.

## Analyst view
- **Analyst consensus: strong_buy** (7 analysts). 7 analysts cover Affiliated Managers Group Inc.; the consensus is strong_buy, with an average price target of $437.57 (+18% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 58.9%** (YTD 28.4%, 3-mo 9.9%). The shares are up 58.9% over twelve months including dividends.
- **From 52-week high: -5.8%** (61.2% above the low). Trading 6% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 55**. An RSI of 55 is neutral.
- **Beta (1 yr): 1.00** (volatility 33%). Beta of 1.00 against the S&P 500: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=AMG · Page: https://foliofundamentals.com/stocks/amg

Not investment advice.