AMG
AFFILIATED MANAGERS GROUP, INC.
Next earnings Jul 29, 2026 · consensus $7.84 EPS, $588M rev
Last earnings -1.2% on 2026-05-01
$341.98
▲ 0.00%$341.98▲ +86.44%
over 1Y
L $183.42EODHDH $357.50
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+0.0%
1W-4.3%
1M+11.1%
3M+27.1%
YTD+18.4%
1Y+86.4%
Buy
Conviction
Horizon
Medium (3–12mo)
12-mo target
$•••
Street · 10 analysts
Strong Buy
Cheap multi-affiliate asset manager: EPS +50% on aggressive buybacks, 22% ROE, 34% net margin at just 15.5x P/E.
Diluted EPS (FY2025) $22.74 · FY2025
The read
Quality fundamentals and an attractive price line up (~153% below fair value) — the rarer case where both the business and the entry look good.
Affiliated Managers Group is a multi-affiliate asset manager trading at a notably low valuation relative to its profitability. FY2025 revenue was roughly flat (up 1.6% to $2.07B), but net income jumped 40.1% to $717M and diluted EPS soared 50.3% to $22.74 — the EPS growth far outpacing net income because AMG repurchased aggressively, shrinking the share count 8.8% YoY with $706M of buybacks. Margins are high and characteristic of the asset-management model: 34.5% net margin and a 22.1% return on equity, with $973M of operating cash flow (up 4.4%) comfortably funding the capital return.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $2.41B | $2.33B | $2.06B | $2.04B | $2.07B |
| Gross profit | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Net income | $566M | $1.15B | $673M | $512M | $717M |
| Diluted EPS | $13.05 | $25.35 | $17.42 | $15.13 | $22.74 |
| Net margin | 23.4% | 49.2% | 32.7% | 25.1% | 34.5% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$11.2B
EV / EBITDA9.0
EV / Sales5.4
EV / FCF11.6
P / FCF9.4
PEG (trailing)0.38
Earnings yield7.9%
FCF yield10.6%
Quality & risk
ROIC (est.)14.8%
Free cash flow$967M
Total debt$2.69B
Net cash-$2.11B
Altman Z-Score2.99 safe
Piotroski F-Score7/8
Capital returns
Buyback yield7.7%
Dividend yield (est.)0.0%
Shareholder yield7.8%
Shares Δ YoY-8.8%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsSome governance/structural items recently, but no outright red flags.
Recent filings
all on EDGAR ↗3/APeriod ending 2026-04-152026-06-26open ↗4Period ending 2026-06-122026-06-15open ↗8-KPeriod ending 2026-06-092026-06-09open ↗4Period ending 2026-06-082026-06-08open ↗144Filing2026-06-08open ↗4Period ending 2026-06-012026-06-03open ↗8-KPeriod ending 2026-05-272026-05-28open ↗13F-NTPeriod ending 2026-03-312026-05-14open ↗4Period ending 2026-05-082026-05-08open ↗4Period ending 2026-05-062026-05-08open ↗144Filing2026-05-08open ↗10-QPeriod ending 2026-03-312026-05-07open ↗
Frequently asked
- Is AFFILIATED MANAGERS GROUP, INC. (AMG) a buy?
- AMG currently carries a Buy rating with 3/5 conviction, derived from its latest SEC filings. Cheap multi-affiliate asset manager: EPS +50% on aggressive buybacks, 22% ROE, 34% net margin at just 15.5x P/E.
- What is AMG's fair value?
- A Modified-Graham model based on AMG's SEC fundamentals estimates a fair value of about $864.12. It is an estimate from reported earnings, not a price target.
- Is AMG overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, AMG currently appears undervalued relative to its SEC-grounded earnings power.
- What is AFFILIATED MANAGERS GROUP, INC.'s quality score?
- AMG scores 78.13725490196076/100 (grade B+) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001004434, latest 10-Q filed 2026-05-07) · EODHD · analysis by claude-code · as of 6/21/2026, 8:50:19 PM.
Research and education only — not financial advice. EDGAR is not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates; see Disclosures. Past performance does not guarantee future results. Do your own research.