12 years of historical data (2014–2025) · Financial Services · Asset Management
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Acadian Asset Management trades at 35.5x earnings, 213% above its 5-year average of 11.4x, sitting at the 91st percentile of its historical range. Compared to the Financial Services sector median P/E of 13.9x, the stock trades at a premium of 156%. On a free-cash-flow basis, the stock trades at 15.5x P/FCF, 13% above the 5-year average of 13.8x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.8B | $1.7B | $1.0B | $815M | $888M | $2.1B | $1.6B | $933M | $1.1B | $1.9B | $1.7B |
| Enterprise Value | $3.0B | $1.9B | $1.3B | $1.0B | $1.1B | $2.3B | $1.7B | $1.4B | $1.2B | $2.1B | $2.0B |
| P/E Ratio → | 35.54 | 21.27 | 11.86 | 12.36 | 8.83 | 2.49 | 5.51 | 4.17 | 8.48 | 466.57 | 13.81 |
| P/S Ratio | 4.72 | 2.86 | 2.00 | 1.91 | 2.13 | 3.93 | 3.17 | 1.57 | 1.24 | 2.10 | 2.61 |
| P/B Ratio | 33.85 | 20.25 | 11.59 | 16.47 | — | — | 4.11 | 4.70 | 6.53 | 10.89 | 10.16 |
| P/FCF | 15.53 | 9.42 | 21.99 | 14.95 | 8.82 | — | 24.47 | — | 6.71 | 8.81 | 13.95 |
| P/OCF | 14.57 | 8.83 | 18.09 | 11.93 | 7.60 | — | 17.47 | — | 5.96 | 8.27 | 12.58 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
Acadian Asset Management's enterprise value stands at 16.9x EBITDA, 81% above its 5-year average of 9.3x. The Financial Services sector median is 11.5x, placing the stock at a 46% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.24 | 2.48 | 2.38 | 2.71 | 4.35 | 3.40 | 2.41 | 1.29 | 2.37 | 3.05 |
| EV / EBITDA | 16.88 | 10.73 | 8.16 | 8.23 | 6.05 | 13.58 | 11.19 | 6.01 | 11.46 | 23.58 | 12.07 |
| EV / EBIT | 18.61 | 11.66 | 8.66 | 8.74 | 6.83 | 11.24 | 4.55 | 5.84 | 7.51 | 12.65 | 11.76 |
| EV / FCF | — | 10.64 | 27.37 | 18.62 | 11.21 | — | 26.30 | — | 7.02 | 9.94 | 16.29 |
Margins and return-on-capital ratios measuring operating efficiency
Acadian Asset Management earns an operating margin of 27.4%, above the Financial Services sector average of 20.2%. Operating margins have expanded from 24.8% to 27.4% over the past 3 years, signaling improving operational efficiency. Return on equity of 93.5% is exceptionally high — well above the sector median of 9.0%. ROIC of 29.2% represents excellent returns on invested capital versus a sector median of 5.4%.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 92.9% | 92.9% | 47.3% | 48.3% | 61.7% | 45.7% | 51.3% | 58.1% | 24.9% | 22.8% | 40.1% |
| Operating Margin | 27.4% | 27.4% | 26.8% | 24.8% | 40.2% | 27.8% | 26.4% | 37.4% | 9.0% | 8.0% | 23.5% |
| Net Profit Margin | 13.5% | 13.5% | 16.8% | 15.4% | 24.1% | 158.2% | 57.4% | 37.7% | 14.7% | 0.5% | 19.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 93.5% | 93.5% | 124.5% | 471.7% | — | 451.7% | 98.4% | 119.6% | 78.5% | 2.5% | 75.1% |
| ROA | 11.6% | 11.6% | 12.9% | 11.6% | 16.3% | 79.1% | 20.5% | 15.1% | 9.0% | 0.3% | 11.0% |
| ROIC | 29.2% | 29.2% | 24.7% | 22.0% | 32.2% | 16.5% | 11.7% | 24.2% | 10.8% | 9.2% | 28.5% |
| ROCE | 31.9% | 31.9% | 25.1% | 20.1% | 28.9% | 17.1% | 11.7% | 17.0% | 6.3% | 6.2% | 18.7% |
Solvency and debt-coverage ratios — lower is generally safer
Acadian Asset Management carries a Debt/EBITDA ratio of 1.8x, which is manageable (58% below the sector average of 4.3x). Net debt stands at $222M ($323M total debt minus $101M cash). Interest coverage of 7.6x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 3.84 | 3.84 | 3.92 | 7.00 | — | — | 1.27 | 3.08 | 2.23 | 2.49 | 2.30 |
| Debt / EBITDA | 1.80 | 1.80 | 2.22 | 2.81 | 1.87 | 2.81 | 3.22 | 2.56 | 3.75 | 4.77 | 2.34 |
| Net Debt / Equity | — | 2.64 | 2.83 | 4.03 | — | — | 0.31 | 2.52 | 0.30 | 1.40 | 1.70 |
| Net Debt / EBITDA | 1.24 | 1.24 | 1.60 | 1.62 | 1.29 | 1.31 | 0.78 | 2.10 | 0.50 | 2.69 | 1.73 |
| Debt / FCF | — | 1.23 | 5.38 | 3.66 | 2.39 | — | 1.82 | — | 0.31 | 1.13 | 2.34 |
| Interest Coverage | 7.60 | 7.60 | 7.48 | 5.92 | 8.06 | 8.18 | 13.10 | 7.62 | 6.43 | 6.80 | 15.23 |
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.67x means Acadian Asset Management can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 7.01x to 1.67x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.67 | 1.67 | 1.39 | 7.01 | 6.84 | 11.68 | 2.65 | 1.47 | 3.30 | 2.06 | 0.91 |
| Quick Ratio | 1.67 | 1.67 | 1.39 | 7.01 | 6.84 | 11.68 | 2.65 | 1.47 | 3.30 | 2.06 | 0.91 |
| Cash Ratio | 0.60 | 0.60 | 0.50 | 3.50 | 3.02 | 6.94 | 1.06 | 0.55 | 2.21 | 0.88 | 0.35 |
| Asset Turnover | — | 0.88 | 0.72 | 0.70 | 0.80 | 0.73 | 0.36 | 0.42 | 0.60 | 0.59 | 0.51 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Acadian Asset Management returns 1.8% to shareholders annually — split between a 0.1% dividend yield and 1.7% buyback yield. The payout ratio of 1.9% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 2.8% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.1% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 1.9% | 1.9% | 1.8% | 3.0% | 1.2% | 0.4% | 3.8% | 16.1% | 31.2% | 923.8% | 30.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.8% | 4.7% | 8.4% | 8.1% | 11.3% | 40.2% | 18.2% | 24.0% | 11.8% | 0.2% | 7.2% |
| FCF Yield | 6.4% | 10.6% | 4.5% | 6.7% | 11.3% | — | 4.1% | — | 14.9% | 11.4% | 7.2% |
| Buyback Yield | 1.7% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 1.8% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $36M | $38M | $43M | $43M | $80M | $82M | $91M | $108M | $111M | $120M |
Compare AAMI with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| $3B | 35.5 | 16.9 | 15.5 | 92.9% | 27.4% | 93.5% | 29.2% | 1.8 | |
| $9B | 15.6 | 12.2 | 9.4 | 86.0% | 31.8% | 15.8% | 8.1% | 2.8 | |
| $972M | 7.3 | 16.3 | — | 74.9% | 17.4% | 13.5% | 3.0% | 13.9 | |
| $473M | 9.8 | 110.4 | — | 96.0% | 38.4% | 28.8% | 1.3% | 103.4 | |
| $38M | -118.4 | — | — | 41.7% | -35.3% | -0.7% | -4.7% | — | |
| $4B | 14.7 | 7.5 | — | 41.6% | 41.6% | 18.5% | 10.3% | 1.2 | |
| $17B | 35.3 | 23.3 | 18.3 | 80.3% | 6.9% | 3.7% | 1.6% | 11.7 | |
| $13B | -18.1 | 17.1 | 8.9 | 43.2% | -10.9% | -2.0% | -2.3% | 8.2 | |
| $3B | 8.9 | 6.6 | 14.8 | 45.7% | 33.4% | 37.9% | 26.7% | 1.0 | |
| $5B | 20.8 | 9.9 | 22.9 | 71.1% | 42.5% | 18.6% | 15.2% | 1.5 | |
| $756M | -1.6 | — | — | 12.7% | -28.2% | -36.6% | -5.7% | — | |
| Financial Services Median | — | 13.9 | 11.5 | 11.2 | 64.1% | 20.2% | 9.0% | 5.4% | 4.3 |
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Compare NowQuick answers to the most common questions about buying AAMI stock.
Acadian Asset Management's current P/E ratio is 35.5x. The historical average is 12.6x. This places it at the 91th percentile of its historical range.
Acadian Asset Management's current EV/EBITDA is 16.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 17.5x.
Acadian Asset Management's return on equity (ROE) is 93.5%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 139.0%.
Based on historical data, Acadian Asset Management is trading at a P/E of 35.5x. This is at the 91th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Acadian Asset Management's current dividend yield is 0.05% with a payout ratio of 1.9%.
Acadian Asset Management has 92.9% gross margin and 27.4% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Acadian Asset Management's Debt/EBITDA ratio is 1.8x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.