# Artisan Partners Asset Management Inc. (APAM) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Financial Services / Capital Markets. Price $41.57, market value $3.0 billion.

## Valuation
- **P/E (trailing): 10.0×** (5-yr avg 9.0×, 3-yr avg 10.3×). Artisan Partners Asset Management Inc. trades at 10.0× trailing earnings, close to its own five-year average of 9.0×. The Financial Services median in the September 2026 study was 13.1×. Forward P/E is 10.3×, higher than trailing, so analysts expect earnings to fall.
- **PEG: 0.97**. A PEG of 0.97 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 2.4×**. Each dollar of revenue is priced at 2.4×.
- **Price / book: 7.0×**. The shares trade at 7.0× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **EV / EBITDA: 7.5×**. Enterprise value is 7.5× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 8.8%** (5-yr avg 15.1%). Free cash flow equals 8.8% of the market value, below its five-year average of 15.1%, so the shares are pricier on cash than usual. Above 5% is generally attractive.
- **Earnings yield: 10.0%**. The inverse of the P/E: 10.0% of the price is earned each year.

## Profitability
- **Operating margin: 33.0%**. 33.0% of revenue is left after running the business, an exceptional level.
- **Net margin: 24.3%**. 24.3% of each dollar of sales reaches the bottom line.
- **Return on equity: 66.2%**. A 66.2% return on equity is extremely high; check whether buybacks or debt have shrunk the equity base, which flatters the ratio.
- **Return on invested capital: 51.8%**. Return on all capital, debt included, is 51.8%: comfortably above what that capital costs.
- **Return on assets: 19.1%**. Each dollar of assets produces 19.1% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 7.6%** (3-yr 6.4%/yr, 5-yr 5.9%/yr). Revenue grew 7.6% over the last year, against 5.9% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 10.7%** (3-yr 11.3%/yr, 5-yr 3.6%/yr). Earnings per share rose 10.7%, roughly in step with revenue.
- **Free-cash-flow growth (3 yr): -17.5%/yr**. Free cash flow has compounded at -17.5% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 8.32%** ($3.46 per share, trailing). Artisan Partners Asset Management Inc. yields 8.32%, high enough to check carefully: yields this high often precede a cut.
- **Payout ratio: 89%** (108% of free cash flow). 89% of earnings goes out as dividends, leaving a thin cushion.
- **Consecutive years of increases: 2**. 2 straight years of increases.
- **Dividend growth (5 yr): 1.4%/yr** (1-yr 14.9%). The dividend has grown 1.4% a year over five years.

## Price and momentum
- **Total return (1 yr): -4.4%** (YTD 8.1%, 3-mo 11.8%). The shares are down 4.4% over twelve months including dividends.
- **From 52-week high: -12.5%** (22.4% above the low). Trading 12% 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): 49**. An RSI of 49 is neutral.
- **Beta (1 yr): 0.97** (volatility 26%). Beta of 0.97 against the S&P 500: the shares move roughly with the market.

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

Not investment advice.