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AGF Management Limited (AGF-B) Fair Value & Analysis

Financial Services · CA · Market cap C$1.5B

AM AGF Management Limited AGF-B · TO
PriceC$22.71
Fair ValueC$26.67
Upside+17.4%
Quality78/100
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Evidence: High Range C$20.00 – C$33.34 📤 Share as image

Fair value as of: Jul 17, 2026

From 23 valuation models · updated 4 days ago

Fair value updated Jul 17, 2026, revised from C$24.76 to C$26.67 (+7.7%) since Jun 26, 2026. Share price +12.2% over the past month.

Price vs Fair Value (12 months)

C$23.03 C$11.51 Fair Value C$26.67 Jul 2025 Jul 2026

12‑month range C$11.51 – C$23.03 · fair‑value band C$20.00 – C$33.34 · the C$22.71 price screens below the C$26.67 fair value. As of Jul 17, 2026.

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Analysis

AGF Management Limited (AGF-B) currently trades at C$22.71, while our model-based Fair Value estimate is C$26.67, implying the stock looks roughly 17.4% undervalued today. We read business quality at 78/100 (high quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, AGF Management Limited generated revenue of C$574M at a net margin of 20.2%. Revenue declined 10.1% year over year. It earns a return on equity of 9.7%. Net debt stands at C$80.1M. Fundamentals as of Jul 17, 2026

Our scenario range runs from C$20.00 (bear case) to C$33.34 (bull case); at C$22.71, the current price sits within that range. The share trades near its 52-week high and 101% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 53% fair-value upside, at 17%, AGF-B screens richer than that median.

Key figures & financial health

Revenue (TTM) C$605M
Revenue growth (YoY) +23.1%
Net margin 22.8%
Return on equity 11.3%
Free cash flow C$107M FY2025
P/E ratio 11.0
More key figures
Operating margin 36.3%
EPS (TTM) C$2.07
Dividend yield 2.3%
EPS growth (YoY) +97.2%
Net debt C$80.1M FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 17, 2026. TTM = trailing twelve months.

About the company

AGF Management Limited is one of Canada's premier investment management companies with offices across Canada and subsidiaries around the world. 2007 marks AGF's 50th anniversary ofproviding Canadians with innovative investment solutions across the wealth continuum. AGF's products and services include a diversified family of more than 50 mutual funds, the evolutionary AGF Elements portfolios, the Harmony asset management program, AGF Private Investment Management, Institutional Account Services and AGF Trust GICs, loans and mortgages. With approximately $53 billion in total assets under management, AGF serves more than one million investors. AGF Management Limited was formed on 1957 and is based in Canada.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

AGF Management Limited reported revenue of C$558M in FY2025 versus C$449M in FY2021, a compound +5.6%/yr. Reported net income was C$129M in FY2025, compounding +34.5%/yr from FY2021.

Revenue +5.6%/yr
FY21 C$449M
FY22 C$448M
FY23 C$472M
FY24 C$508M
FY25 C$558M
Net income +34.5%/yr
FY21 C$39.3M
FY22 C$66.6M
FY23 C$87.7M
FY24 C$97.6M
FY25 C$129M

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Cite: Fair Value Calculator (2026). "AGF Management Limited Fair Value". https://www.fairvalue-calculator.com/stock/AGF-B

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Frequently asked questions

Is AGF Management Limited (AGF-B) undervalued?
As of Jul 17, 2026, our model estimates a fair value of C$26.67 versus a price of C$22.71, about +17% (undervalued). Model-based estimate, not financial advice.
What is the fair value of AGF-B?
Our model-based fair value for AGF Management Limited is C$26.67 (as of Jul 17, 2026), built from audited fundamentals. The current price is C$22.71.
What is the quality score of AGF-B?
AGF Management Limited has a Quality Score of 78/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of AGF Management Limited (AGF-B)?
AGF Management Limited reported trailing-twelve-month revenue of about C$574M (latest available figure, as of Jul 17, 2026).
What is the net profit margin of AGF-B?
The net profit margin of AGF Management Limited is about 20.2%, meaning it keeps roughly 20.2% of revenue as net income. Based on the latest reported figures.
Does AGF Management Limited pay a dividend?
AGF Management Limited currently shows a dividend yield of about 2.91% relative to its recent price (as of Jul 17, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.