Affiliated Managers Group, Inc. (MGR) Fair Value & Analysis
Financials · US · Market cap $5.1B · ISIN US0082528508
What is Affiliated Managers Group, Inc. really worth?
Affiliated Managers Group, Inc.
MGR · US
A strong business, trading 45% below our fair value of $35.70.
As of Aug 27, 2026, the fair value of Affiliated Managers Group, Inc. is $35.70 per share against a price of $19.65, so the fair value sits 82% above the price. A model estimate blended from multiple valuation models, recalculated regularly.
Strengths
Risks
For context
Fair value as of: Aug 27, 2026
From 6 valuation models · updated 10 days ago
Fair value updated Aug 27, 2026, revised from $36.17 to $35.70 (−1.3%) since Aug 13, 2026. Share price −2.3% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The rarer combination: high quality (80/100) AND below fair value. That earns a closer look rather than a quick verdict.
- The price is below even our cautious bear case ($26.78). The market is more pessimistic than our downside scenario.
- The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
- For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 27, 2026.
How to read this chart
60‑month range $16.11 – $22.64 · fair‑value band $26.78 – $44.63 · the $19.65 price screens below the $35.70 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 27, 2026.
Analysis
Affiliated Managers Group, Inc. (MGR) currently trades at $19.65, while our model-based Fair Value estimate is $35.70, implying the stock looks roughly 45.0% undervalued today. The Quality Score stands at 80/100 (high quality), in the Financials sector. Bull case: the Economic Profit group reads highest at a median of $26.15 per share, and 2 of the 6 models we run sit above the $19.65 price. Bear case: the Asset-Based group reads lowest at $8.28, and 4 of the 6 models stay below the price. Evidence for this calculation is low.
It earns a return on equity of 20.3%. Net debt stands at $2.1B. Fundamentals as of Aug 27, 2026
Our scenario range runs from $26.78 (bear case) to $44.63 (bull case); at $19.65, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 11% below its 52-week high and 3% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financials peers we cover trades at 1% fair-value upside, at 82%, MGR screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 6 models by family
Widest divergence: Economic Profit ($26.15) versus Dividend Discount ($0.0500). Highest evidence: Gordon GGM (67).
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Key figures & financial health
Figures from reported company fundamentals · as of Aug 27, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 73 · Market factors (momentum, volatility) 52
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Affiliated Managers Group, Inc., through its affiliates, operates as an asset management company providing investment management services to mutual funds, institutional clients, and high net worth individuals in the United States. It provides advisory or subadvisory services to mutual funds.
Full company description
Affiliated Managers Group, Inc., through its affiliates, operates as an asset management company providing investment management services to mutual funds, institutional clients, and high net worth individuals in the United States. It provides advisory or subadvisory services to mutual funds. These funds are distributed to retail 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. The company was formed as a corporation under the laws of Delaware in 1993. Affiliated Managers Group is based in Prides Crossing, Massachusetts.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Affiliated Managers Group, Inc. reported revenue of $2.3B in FY2025 versus $2.4B in FY2021, a compound −1.0%/yr. Reported net income was $717M in FY2025, compounding +6.1%/yr from FY2021.
of which total revenue −1.3 % · buybacks/dilution +5.2 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
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Peer Group
Investment Banking & Investment Services · 17 stocks
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.
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Investment Banking & Investment Services stocks, each showing price versus our Fair Value estimate (as of Aug 27, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Hercules Capital, Inc HCXY | $25.00 | $50.00 | +100% |
| Edelweiss Financial Services Limited 532922 | ₹128.65 | ₹130.26 | +1% |
| Mirae Asset Venture Investment Co 100790 | 17,570 KRW | 15,124 KRW | −14% |
| Aju IB Investment Co 027360 | 4,585 KRW | 1,047 KRW | −77% |
| EBEST Investment & Securities Co 078020 | 6,570 KRW | 6,663 KRW | +1% |
| IKAB IKAB | ₹1,072 | ₹118.55 | −89% |
| SERA SERA | ₹43.28 | ₹84.55 | +95% |
| ABA ABA | 0.3150 PHP | 0.6300 PHP | +100% |
| Lindeman Asia Investment Co 277070 | 3,010 KRW | 3,279 KRW | +9% |
| Leaders Technology Investment Co 019570 | 2,765 KRW | 792.29 KRW | −71% |
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