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Affiliated Managers Group Inc. (0HAQ) fair value: what the stock is really worth

As of Oct 2, 2026: fair value of Affiliated Managers Group Inc. $80.61, price $375, upside -78.5%, quality 63 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? Yes
  3. Add to watchlist

Industrials · GB · Home US

AM Thin data Sep 24, 2026

Affiliated Managers Group Inc.

0HAQ · LSE

Stretched ValuationStrong overvaluation with only moderate quality.

!Fair value $80.61 · Strongly overvalued (−78.5%)
✓Quality 63/100
!Weak Growth (revenue 3y −4.2 %/yr)
✓Highly profitable · 35.6% net margin (TTM)
!Moderate debt
✓1.1% dividend yield · Well covered
✓Ranks above peers (6/10)
✓Wide moat 69/100
!Evidence only low, so the estimate is less certain
!Weak on dividend: 23 out of 100

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

$384.35 $51.28 Fair Value $80.61 Jan 2018 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.

How to read this chart

60‑month range $51.28 – $384.35 · fair‑value band $60.46 – $100.77 · the $375.35 price screens above the $80.61 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.

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Company profile

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.

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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.

Stock analysis

Affiliated Managers Group Inc. (0HAQ) currently trades at $375.35, while our model-based Fair Value estimate is $80.61, 78.5% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the DCF Models group reads highest at a median of $108.74 per share, and 0 of the 11 models we run sit above the $375.35 price.

Bear case: the Earnings-Based group reads lowest at $31.90, and 11 of the 11 models stay below the price. Evidence for this calculation is low.

Scenario range: $60.46 (bear) to $100.77 (bull), the price of $375.35 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 63/100 (solid quality), in the Industrials sector.

Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.

Affiliated Managers Group Inc. reported revenue of $2.0B in FY2020 versus $2.2B in FY2016, a compound −2.0%/yr. Reported net income was $202M in FY2020, compounding −19.1%/yr from FY2016.

Key figures

P/E ratio 0.3 · P/S ratio 0.03 · EPS (TTM) $13.09 · Dividend yield 1.1% · Net margin 10.0% · Return on equity 21.8% · Return on assets (EBIT) 8.6% · Operating margin 22.1%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).

What moves the price

The share trades about 2% below its 52-week high and 62% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −15% fair-value upside, at −79%, 0HAQ screens richer than that median.

Fair Value models

The price assumes far more growth than our models allow for, so the models scatter widely ($0.2900 to $234.47). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear $60.46 Fair Value $80.61 Bull $100.77
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
Growth DCF $169.11 $234.47 $342.72 75
Residual Income $43.11 $45.73 $49.87 73
Rev-Margin DCF $76.58 $105.67 $138.80 70
All 11 models by family
DCF Models
5Y P/E Exit $80.94 $108.74 $142.52 68
10Y P/E Exit $112.22 $134.10 $153.58 62
Earnings-Based
Graham-Dodd $26.10 $31.90 $35.89 65
Dividend Discount
Gordon GGM $0.2700 $0.2900 $0.3300 67
DDM Multi-Stage $0.2700 $0.3300 $0.4200 65
Multiples
P/E Multiple $60.46 $80.61 $100.77 63
P/B Multiple $48.94 $65.26 $81.57 55
Asset-Based
NCAV (Graham) $26.39 $35.36 $52.77 54
Growth DCF
Growth DCF $169.11 $234.47 $342.72 75
Rev-Margin DCF $76.58 $105.67 $138.80 70
Economic Profit
Residual Income $43.11 $45.73 $49.87 73

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Quality Score breakdown

Overall quality 63/100

Of which business quality 58 · Market factors (momentum, volatility) 76

Profitability 31
Margins and returns on capital today
Quality Growth 35
Are margins and returns improving?
Cashflow 100
Earnings quality: real cash, not paper profit
Fin. Strength 38
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 81
Price trend over the last 3–12 months (market factor)
52W Momentum 97
Distance to the 52-week high (market factor)

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Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−9.5%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−4.2%
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
31.5% (2016) → 30.1% (2020)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no share-count history
not computed

0HAQ screens overvalued: fair value 79% below the price. Compare with Blackstone Inc →

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Asset Management · 647 stocks

Beats the industry median on 6/10 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 63 · Above median
Fair Value upside −78.0% · Bottom 25%
Profitability
Return on equity (TTM) 21.8% · Top 25%
Return on assets 2.6% · Above median
Net margin (TTM) 35.6% · Above median
Operating margin (TTM) 22.1% · Below median
Growth and dividend
Revenue growth 9.7% · Above median
Dividend yield (TTM) 1.1% · Bottom 25%
Balance sheet
Debt / equity 0.83× · Highest 25%

Valuation Multiplesvs Asset Management median · lower = cheaper

P/E (TTM) 0.3× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 62
FUTURE (revenue growth)49 · sector 35
PAST (return on equity)87 · sector 23
HEALTH (low debt)58 · sector 95
DIVIDEND (yield)23 · sector 81

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Asset Management stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Blackstone Inc BX $112.09 $52.29 −53%
KKR & Co KKR $93.18 $29.26 −69%
Brookfield Corporation BN $36.87 $13.45 −64%
Apollo Global Management, Inc APO $116.06 $197.23 +70%
State Street Corporation STT $177.78 $139.37 −22%
Ameriprise Financial, Inc AMP $494.82 $595.40 +20%
Ares Management Corporation ARES $122.01 $103.68 −15%
Northern Trust Corporation NTRS $175.73 $123.42 −30%
Raymond James Financial, Inc RJF $161.16 $317.27 +97%
Exor N.V EXO €68.10 €136.20 +100%

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Cite: Fair Value Calculator (2026). "Affiliated Managers Group Inc. Fair Value". https://www.fairvalue-calculator.com/stock/0HAQ

Frequently asked questions

Is Affiliated Managers Group Inc. (0HAQ) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $80.61 versus a price of $375.35, about −79% upside (overvalued).
What is the fair value of 0HAQ?
Our model-based fair value for Affiliated Managers Group Inc. is $80.61 (as of Sep 24, 2026), built from audited fundamentals. The current price: $375.35.
What is the quality score of 0HAQ?
Affiliated Managers Group Inc. has a Quality Score of 63/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Affiliated Managers Group Inc. (0HAQ)?
Our model-based price target is the fair value of $80.61 (as of Sep 24, 2026) from 11 valuation models. Cautious scenario $60.46, optimistic scenario $100.77. It is a calculation from audited fundamentals, not an analyst target.
What is the Affiliated Managers Group Inc. stock forecast for 2026?
Our models put fair value at $80.61, about −79% upside versus a price of $375.35 (overvalued). Cautious scenario $60.46, optimistic scenario $100.77. The calculation is refreshed regularly with new filings.
What is the revenue of Affiliated Managers Group Inc. (0HAQ)?
Affiliated Managers Group Inc. reported trailing-twelve-month revenue of about $2.1B (latest available figure, as of Sep 24, 2026).
Does Affiliated Managers Group Inc. pay a dividend?
Affiliated Managers Group Inc. currently shows a dividend yield of about 1.14% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Affiliated Managers Group Inc. (0HAQ)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Affiliated Managers Group Inc. it is $80.61 per share (as of Sep 24, 2026), against a price of $375.35. It is the blended result of 11 valuation models (cash flow, earnings, asset, dividend).
Is Affiliated Managers Group Inc. stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 0HAQ trades above its calculated fair value: price $375.35, fair value $80.61, a gap of about −79% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 0HAQ?
No. The price is what the market pays today ($375.35); the fair value is what the company's own numbers justify ($80.61). For Affiliated Managers Group Inc. the two are $294.74 per share apart. That gap is exactly why we show both numbers side by side.
What do the bullish and bearish scenarios say about 0HAQ?
Our models span a range for Affiliated Managers Group Inc.: cautious scenario $60.46, base $80.61, optimistic $100.77 per share (as of Sep 24, 2026, price $375.35). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 0HAQ?
Affiliated Managers Group Inc. trades at a price-to-earnings ratio of 0.3 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $80.61 is built from several models across several years.
How solid is the balance sheet of Affiliated Managers Group Inc. (0HAQ)?
Balance-sheet figures for Affiliated Managers Group Inc. (as of Sep 24, 2026): return on equity 21.8%, debt of 0.83 per unit of equity. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
How far is 0HAQ from its 52-week high?
Affiliated Managers Group Inc. trades at $375.35, about 2% below its 52-week high of $384.35 and 62% above the low of $232.26 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of $80.61 is for.
Which stocks are comparable to Affiliated Managers Group Inc.?
From the same area (Industrials) we also value Blackstone Inc, KKR & Co, Brookfield Corporation, Apollo Global Management, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Affiliated Managers Group Inc. stock attractive at the current price?
The data as of Sep 24, 2026: price $375.35, calculated fair value $80.61 (−79%), Quality Score 63/100, from 11 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 0HAQ calculated?
We run Affiliated Managers Group Inc. through 11 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $80.61, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Affiliated Managers Group Inc. itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Affiliated Managers Group Inc. (0HAQ)?
The closing price on Oct 2, 2026 was $375.35. Our model-based fair value is $80.61, about −79% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Affiliated Managers Group Inc. right now?
The price sits above even our optimistic bull case ($100.77). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder.

Key figures of Affiliated Managers Group Inc.

What is the P/S ratio of Affiliated Managers Group Inc. (0HAQ)?
The price-to-sales ratio of Affiliated Managers Group Inc. is 0.03 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Affiliated Managers Group Inc. (0HAQ)?
Earnings per share at Affiliated Managers Group Inc. are $13.09 (price ÷ EPS = P/E 0.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Affiliated Managers Group Inc. (0HAQ)?
The dividend yield of Affiliated Managers Group Inc. is 1.1% (payout 32.7%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Affiliated Managers Group Inc. (0HAQ)?
The net margin of Affiliated Managers Group Inc. is 10.0% (fiscal year 2020). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Affiliated Managers Group Inc. (0HAQ)?
The return on equity (ROE) of Affiliated Managers Group Inc. is 21.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Affiliated Managers Group Inc. (0HAQ)?
On an EBIT basis the return on assets of Affiliated Managers Group Inc. is 8.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Affiliated Managers Group Inc. (0HAQ)?
The operating margin of Affiliated Managers Group Inc. is 22.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Affiliated Managers Group Inc. (0HAQ)?
Revenue at Affiliated Managers Group Inc. is growing +9.7% versus a year earlier (3y avg −4.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Affiliated Managers Group Inc. (0HAQ)?
Earnings per share at Affiliated Managers Group Inc. are growing +73.6% versus a year earlier. How much earnings per share grew versus a year earlier.
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