Affiliated Managers Group, Inc. (MGRB) Fair Value & Analysis
Financials · US · Market cap $6.3B · ISIN US0082528433
What is Affiliated Managers Group, Inc. really worth?
Affiliated Managers Group, Inc.
MGRB · US
A strong business, trading 32% below our fair value of $23.73.
Strengths
Risks
For context
Fair value as of: Aug 28, 2026
From 13 valuation models · updated 8 days ago
Fair value updated Aug 28, 2026, revised from $26.47 to $23.73 (−10.4%) since Aug 13, 2026. Share price −3.6% 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 (82/100) AND below fair value. That earns a closer look rather than a quick verdict.
- The price is below even our cautious bear case ($17.10). 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.
- A fairly wide model range ($17.10 to $35.22) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 28, 2026.
How to read this chart
60‑month range $13.20 – $19.96 · fair‑value band $17.10 – $35.22 · the $16.15 price screens below the $23.73 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 28, 2026.
Analysis
Affiliated Managers Group, Inc. (MGRB) currently trades at $16.15, while our model-based Fair Value estimate is $23.73, implying the stock looks roughly 31.9% undervalued today. The Quality Score stands at 82/100 (high quality), in the Financials sector. Bull case: the DCF Models group reads highest at a median of $25.98 per share, and 7 of the 13 models we run sit above the $16.15 price. Bear case: the Asset-Based group reads lowest at $5.53, and 6 of the 13 models stay below the price. Evidence for this calculation is low.
It earns a return on equity of 13.1%. Net debt stands at $2.1B. Fundamentals as of Aug 28, 2026
Our scenario range runs from $17.10 (bear case) to $35.22 (bull case); at $16.15, 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 −28% fair-value upside, at 47%, MGRB 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 13 models by family
Widest divergence: DCF Models ($25.98) versus Dividend Discount ($0.0400). Highest evidence: Growth DCF (78).
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Key figures & financial health
Figures from reported company fundamentals · as of Aug 28, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 75 · Market factors (momentum, volatility) 51
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.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Affiliated Managers Group, Inc. reported revenue of $2.4B in FY2025 versus $2.4B in FY2021, a compound +0.3%/yr. Reported net income was $717M in FY2025, compounding +6.1%/yr from FY2021.
of which total revenue −1.0 % · buybacks/dilution +5.0 %
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
Asset Management · 697 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.
Valuation Multiples vs Asset Management median · lower = cheaper
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.
Insider activity: 45/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Asset Management stocks, each showing price versus our Fair Value estimate (as of Aug 28, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Blackstone Inc BX | $142.39 | $52.88 | −63% |
| Investor AB INVEB | kr 417.20 | kr 824.66 | +98% |
| Brookfield Corporation BN | C$55.74 | C$10.67 | −81% |
| KKR & Co KKR | $108.68 | $19.97 | −82% |
| State Street Corporation STT | $193.33 | $138.33 | −28% |
| Ameriprise Financial, Inc AMP | $559.32 | $515.24 | −8% |
| Ares Management Corporation ARES | $143.10 | $30.88 | −78% |
| Northern Trust Corporation NTRS | $186.79 | $122.02 | −35% |
| Raymond James Financial, Inc RJF | $181.10 | $142.42 | −21% |
| T. Rowe Price Group TROW | $111.24 | $126.63 | +14% |
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