Ameriprise Financial Inc. (0HF6) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Ameriprise Financial Inc. $397, price $491, upside -19.1%, quality 68 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
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 $80.34 – $569.50 · fair‑value band $249.28 – $758.17 · the $490.52 price screens above the $397.05 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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Ameriprise Financial, Inc., together with its subsidiaries, operates as a diversified financial services company in the United States and internationally. The company offers financial planning and advice services to individual and institutional clients.
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Ameriprise Financial, Inc., together with its subsidiaries, operates as a diversified financial services company in the United States and internationally. The company offers financial planning and advice services to individual and institutional clients. It operates through Advice & Wealth Management, Asset Management, Retirement & Protection Solutions, Corporate & Other segments. The Advice & Wealth Management segment provides financial planning and advice; brokerage products and services for retail and institutional clients; discretionary and non-discretionary investment advisory accounts; mutual funds; insurance and annuities products; cash management and banking products; and face-amount certificates. The Asset Management segment offers investment management, advice, and products to retail, high net worth, and institutional clients through third-party financial institutions, advisor network, direct retail, and its institutional sales force under the Columbia Threadneedle Investments brand name. Its products include U.S. mutual funds and their non-U.S. equivalents, exchange-traded funds, variable product funds underlying insurance, and annuity separate accounts; and institutional asset management products, such as traditional asset classes, separately managed accounts, individually managed accounts, collateralized loan obligations, hedge funds, collective funds, and property and infrastructure funds. The Retirement & Protection Solutions segment provides variable annuity products, as well as life and disability income insurance products to retail clients. Ameriprise Financial, Inc. was formerly known as American Express Financial Corporation and changed its name to Ameriprise Financial, Inc. in September 2005. The company was founded in 1894 and is based in Minneapolis, Minnesota.
Stock analysis
Ameriprise Financial Inc. (0HF6) currently trades at $490.52, while our model-based Fair Value estimate is $397.05, 19.1% 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 $557.28 per share, and 4 of the 13 models we run sit above the $490.52 price.
Bear case: the Dividend Discount group reads lowest at $58.03, and 9 of the 13 models stay below the price. Evidence for this calculation is medium.
Scenario range: $249.28 (bear) to $758.17 (bull), the price of $490.52 sits inside 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 68/100 (solid quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Ameriprise Financial Inc. reported revenue of $18.9B in FY2025 versus $13.5B in FY2021, a compound +8.7%/yr. Reported net income was $3.6B in FY2025, compounding +6.6%/yr from FY2021.
Key figures
Market cap $47.2B · P/E ratio 0.2 · P/S ratio 0.04 · EPS (TTM) $26.02 · Dividend yield 1.3% · Net margin 18.8% · Return on equity 66.9% · Return on assets (EBIT) 2.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 51 out of 100 (low confidence).
What moves the price
The share trades about 14% below its 52-week high and 15% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −22% fair-value upside, at −19%, 0HF6 screens cheaper than that median.
Fair Value models
Bear $249.28Fair Value $397.05Bull $758.17
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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then ($14.84 per share) are deliberately not added.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.
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.90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+5.2%
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.
+9.7%
Revenue growth 5 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.
+9.5%
Start year 2020 (pandemic). Over 10 years: +4.5% a year
Revenue growth 25 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.
+4.5%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+22.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+21.6%
Dividend (yield on the price)1.3%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.21.6% vs 15.9%, picking up
Profit margin 2020 to 2025 ⓘ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.17% → 26%
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−8.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+4.5%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in USD, USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about −10.3% a year for the price and +2.1% for the forecasts.
Compare Ameriprise Financial Inc. with another stock
Price, fair value, quality and upside side by side.
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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 · 657 stocks
Beats the industry median on 5/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score64 · Above median
Fair Value upside−20.0% · Below median
Profitability
Return on equity (TTM)66.9% · Top 25%
Return on assets2.4% · Above median
Net margin (TTM)20.2% · Below median
Operating margin (TTM)37.2% · Below median
Growth and dividend
Revenue growth9.0% · Above median
Dividend yield (TTM)1.3% · Bottom 25%
Balance sheet
Debt / equity0.76× · Highest 25%
Valuation Multiplesvs Asset Management median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Ameriprise Financial Inc. Fair Value". https://www.fairvalue-calculator.com/stock/0HF6
Frequently asked questions
Is Ameriprise Financial Inc. (0HF6) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $397.05 versus a price of $490.52, about −19% upside (overvalued).
What is the fair value of 0HF6?
Our model-based fair value for Ameriprise Financial Inc. is $397.05 (as of Sep 24, 2026), built from audited fundamentals. The current price: $490.52.
What is the quality score of 0HF6?
Ameriprise Financial Inc. has a Quality Score of 68/100. 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 Ameriprise Financial Inc. (0HF6)?
Our model-based price target is the fair value of $397.05 (as of Sep 24, 2026) from 13 valuation models. Cautious scenario $249.28, optimistic scenario $758.17. It is a calculation from audited fundamentals, not an analyst target.
What is the Ameriprise Financial Inc. stock forecast for 2026?
Our models put fair value at $397.05, about −19% upside versus a price of $490.52 (overvalued). Cautious scenario $249.28, optimistic scenario $758.17. The calculation is refreshed regularly with new filings.
What is the revenue of Ameriprise Financial Inc. (0HF6)?
Ameriprise Financial Inc. reported trailing-twelve-month revenue of about $19.3B (latest available figure, as of Sep 24, 2026).
Does Ameriprise Financial Inc. pay a dividend?
Ameriprise Financial Inc. currently shows a dividend yield of about 1.30% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Ameriprise Financial Inc. (0HF6)?
For today's price to be fair in a discounted-cash-flow model, Ameriprise Financial Inc. would have to grow free cash flow by -8.1 % per year for five years (discount rate 10.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +9.5 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 0HF6 use?
Our models discount Ameriprise Financial Inc. at 10.7 %: a base by market capitalisation (unknown), damped by beta 1.16, country premium for United Kingdom. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Ameriprise Financial Inc. that is -8.1 % per year a year over ten years, using the same discount rate (10.7 %) and the same formula as our fair value.
How much growth has Ameriprise Financial Inc. (0HF6) delivered so far?
Over the past 5 years revenue at Ameriprise Financial Inc. grew +9.5 % a year. The price currently implies -8.1 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Ameriprise Financial Inc. (0HF6) growing?
The median revenue growth in the sector is +7.2 % a year. That is the yardstick for the growth priced into Ameriprise Financial Inc. (-8.1 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Ameriprise Financial Inc. (0HF6)?
The free-cash-flow yield on the price is 13.53 %: that much free cash flow Ameriprise Financial Inc. produces per unit of market value. When it exceeds the discount rate of our models (10.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Ameriprise Financial Inc. (0HF6)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ameriprise Financial Inc. it is $397.05 per share (as of Sep 24, 2026), against a price of $490.52. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is Ameriprise Financial Inc. stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 0HF6 trades above its calculated fair value: price $490.52, fair value $397.05, a gap of about −19% (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 0HF6?
No. The price is what the market pays today ($490.52); the fair value is what the company's own numbers justify ($397.05). For Ameriprise Financial Inc. the two are $93.47 per share apart. That gap is exactly why we show both numbers side by side.
How much is Ameriprise Financial Inc. worth?
The market values Ameriprise Financial Inc. at about $47.2B (market capitalisation, as of Sep 24, 2026). Per share that is $490.52; our models calculate a fair value of $397.05 per share.
What do the bullish and bearish scenarios say about 0HF6?
Our models span a range for Ameriprise Financial Inc.: cautious scenario $249.28, base $397.05, optimistic $758.17 per share (as of Sep 24, 2026, price $490.52). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 0HF6?
Ameriprise Financial Inc. trades at a price-to-earnings ratio of 0.2 (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 $397.05 is built from several models across several years.
How solid is the balance sheet of Ameriprise Financial Inc. (0HF6)?
Balance-sheet figures for Ameriprise Financial Inc. (as of Sep 24, 2026): return on equity 66.9%, debt of 0.76 per unit of equity. They feed the Quality Score of 68/100, which measures business quality independently of the share price.
How far is 0HF6 from its 52-week high?
Ameriprise Financial Inc. trades at $490.52, about 14% below its 52-week high of $569.50 and 15% above the low of $427.37 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of $397.05 is for.
Which stocks are comparable to Ameriprise Financial Inc.?
From the same area (Financial Services) 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 Ameriprise Financial Inc. stock attractive at the current price?
The data as of Sep 24, 2026: price $490.52, calculated fair value $397.05 (−19%), Quality Score 68/100, from 13 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 0HF6 calculated?
We run Ameriprise Financial Inc. through 13 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 $397.05, 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. Ameriprise Financial 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 Ameriprise Financial Inc. (0HF6)?
The closing price on Oct 2, 2026 was $490.52. Our model-based fair value is $397.05, about −19% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ameriprise Financial Inc. right now?
The model range is unusually wide ($249.28 to $758.17). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid but not exceptional quality (68/100) and above fair value, neither a clear bargain nor a standout compounder. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of Ameriprise Financial Inc. (0HF6) come from?
Earnings per share at Ameriprise Financial Inc. grew +15.0 % a year from 2014 to 2025. Broken into its drivers: revenue per share +11.1 %, EBIT margin +4.2 %, tax rate +2.7 %, residual (interest, one-offs) −3.3 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Ameriprise Financial Inc.
How large is the market capitalisation of Ameriprise Financial Inc. (0HF6)?
The market capitalisation of Ameriprise Financial Inc. is $47.2B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Ameriprise Financial Inc. (0HF6)?
The price-to-sales ratio of Ameriprise Financial Inc. is 0.04 (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 Ameriprise Financial Inc. (0HF6)?
Earnings per share at Ameriprise Financial Inc. are $26.02 (price ÷ EPS = P/E 0.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Ameriprise Financial Inc. (0HF6)?
The dividend yield of Ameriprise Financial Inc. is 1.3% (payout 24.6%). 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 Ameriprise Financial Inc. (0HF6)?
The net margin of Ameriprise Financial Inc. is 18.8% (fiscal year 2025). 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 Ameriprise Financial Inc. (0HF6)?
The return on equity (ROE) of Ameriprise Financial Inc. is 66.9% (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 Ameriprise Financial Inc. (0HF6)?
On an EBIT basis the return on assets of Ameriprise Financial Inc. is 2.6% (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 Ameriprise Financial Inc. (0HF6)?
The operating margin of Ameriprise Financial Inc. is 37.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ameriprise Financial Inc. (0HF6)?
Revenue at Ameriprise Financial Inc. is growing +9.0% versus a year earlier (3y avg +9.7%). 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 Ameriprise Financial Inc. (0HF6)?
Earnings per share at Ameriprise Financial Inc. are growing +66.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Ameriprise Financial Inc. (0HF6) hold?
Ameriprise Financial Inc. holds more cash than debt, $4.0B net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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