Artisan Partners Asset Management Inc. (APAM) Financial Ratios
17 years of historical data (2009–2025) · Financial Services · Asset Management
EV/EBITDA
↑
6.57
-6% vs avg
5yr avg: 7.00
30Y Low3.6·High9.4
P/FCF
↑
14.77
↑+66% vs avg
5yr avg: 8.88
30Y Low3.4·High15.6
P/B Ratio
↓
3.01
↓-35% vs avg
5yr avg: 4.66
30Y Low3.4·High16.3
ROE
↓
37.9%
↑-29% vs avg
5yr avg: 53.5%
30Y Low19%·High127%
Debt/EBITDA
↑
1.00
+18% vs avg
5yr avg: 0.85
30Y Low0.5·High5.9
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
APAM Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Artisan Partners Asset Management Inc. trades at 8.9x earnings, 20% below its 5-year average of 11.0x, sitting at the 9th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.6x, the stock trades at a discount of 35%. On a free-cash-flow basis, the stock trades at 14.8x P/FCF, 66% above the 5-year average of 8.9x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.5B | $2.7B | $2.8B | $2.8B | $1.9B | $2.9B | $2.8B | $1.7B | $1.1B | $1.8B | $1.1B |
| Enterprise Value | $2.7B | $2.8B | $2.8B | $2.9B | $2.0B | $3.0B | $2.9B | $1.8B | $1.1B | $1.8B | $1.2B |
| P/E Ratio → | 8.86 | 10.06 | 11.76 | 13.85 | 10.10 | 9.36 | 14.81 | 12.20 | 7.79 | 52.67 | 18.95 |
| P/S Ratio | 2.11 | 2.23 | 2.51 | 2.88 | 1.87 | 2.32 | 3.11 | 2.07 | 1.30 | 2.22 | 1.57 |
| P/B Ratio | 3.01 | 3.42 | 3.73 | 4.65 | 4.48 | 7.01 | 9.83 | 11.93 | 7.69 | 16.32 | 9.64 |
| P/FCF | 14.77 | 15.60 | 7.60 | 7.60 | 6.33 | 7.27 | 8.88 | 6.01 | 3.38 | 8.01 | 4.31 |
| P/OCF | 14.71 | 15.54 | 7.50 | 7.43 | 5.94 | 7.16 | 8.79 | 5.64 | 3.24 | 7.80 | 4.20 |
P/E links to full P/E history page with 30-year chart
APAM EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Artisan Partners Asset Management Inc.'s enterprise value stands at 6.6x EBITDA, 6% below its 5-year average of 7.0x. The Financial Services sector median is 11.4x, placing the stock at a 42% discount 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 | — | 2.36 | 2.54 | 3.01 | 2.05 | 2.41 | 3.22 | 2.26 | 1.33 | 2.27 | 1.63 |
| EV / EBITDA | 6.57 | 6.91 | 7.51 | 9.39 | 5.78 | 5.39 | 7.93 | 6.24 | 3.56 | 6.18 | 4.92 |
| EV / EBIT | 6.72 | 5.90 | 6.30 | 7.49 | 6.32 | 5.25 | 7.61 | 6.45 | 3.53 | 3.10 | 5.03 |
| EV / FCF | — | 16.50 | 7.68 | 7.96 | 6.94 | 7.52 | 9.17 | 6.58 | 3.46 | 8.19 | 4.47 |
APAM Profitability
Margins and return-on-capital ratios measuring operating efficiency
Artisan Partners Asset Management Inc. earns an operating margin of 33.4%, above the Financial Services sector average of 20.3%. Operating margins have expanded from 31.1% to 33.4% over the past 3 years, signaling improving operational efficiency. Return on equity of 37.9% is exceptionally high — well above the sector median of 9.0%. ROIC of 26.7% represents excellent returns on invested capital versus a sector median of 5.5%.
Margins
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 | 45.7% | 45.7% | 46.6% | 45.7% | 48.6% | 54.1% | 51.6% | 49.9% | 50.1% | 49.4% | 46.7% |
| Operating Margin | 33.4% | 33.4% | 33.0% | 31.1% | 34.6% | 44.0% | 39.8% | 35.5% | 36.8% | 36.0% | 32.5% |
| Net Profit Margin | 24.3% | 24.3% | 23.4% | 22.8% | 20.8% | 27.4% | 23.6% | 19.6% | 19.1% | 6.2% | 10.1% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 37.9% | 37.9% | 38.4% | 43.7% | 50.3% | 97.3% | 100.5% | 112.2% | 127.4% | 43.9% | 62.3% |
| ROA | 18.2% | 18.2% | 17.2% | 16.8% | 16.9% | 28.5% | 20.4% | 18.0% | 19.3% | 5.6% | 7.8% |
| ROIC | 26.7% | 26.7% | 28.0% | 27.6% | 35.8% | 63.2% | 52.9% | 54.6% | 70.7% | 68.8% | 55.5% |
| ROCE | 29.9% | 29.9% | 35.3% | 34.8% | 45.3% | 80.7% | 64.6% | 61.7% | 72.5% | 75.3% | 69.6% |
APAM Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Artisan Partners Asset Management Inc. carries a Debt/EBITDA ratio of 1.0x, which is manageable (76% below the sector average of 4.3x). Net debt stands at $155M ($410M total debt minus $256M cash). Interest coverage of 56.1x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.52 | 0.52 | 0.40 | 0.52 | 0.77 | 0.74 | 1.03 | 2.17 | 1.42 | 1.84 | 1.69 |
| Debt / EBITDA | 1.00 | 1.00 | 0.80 | 1.00 | 0.91 | 0.55 | 0.80 | 1.04 | 0.64 | 0.68 | 0.83 |
| Net Debt / Equity | — | 0.20 | 0.04 | 0.22 | 0.43 | 0.24 | 0.33 | 1.13 | 0.17 | 0.37 | 0.36 |
| Net Debt / EBITDA | 0.38 | 0.38 | 0.09 | 0.43 | 0.50 | 0.18 | 0.26 | 0.54 | 0.08 | 0.14 | 0.18 |
| Debt / FCF | — | 0.90 | 0.09 | 0.36 | 0.60 | 0.25 | 0.30 | 0.57 | 0.08 | 0.18 | 0.16 |
| Interest Coverage | 56.09 | 56.09 | 52.17 | 45.77 | 32.46 | 52.06 | 35.18 | 25.25 | 27.89 | 50.89 | 20.10 |
APAM Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Artisan Partners Asset Management Inc.'s current ratio of 20.33x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 0.69x to 20.33x 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 | 20.33 | 20.33 | 0.82 | 0.69 | 0.58 | 0.71 | 0.57 | 0.55 | 0.66 | 0.64 | 0.38 |
| Quick Ratio | 20.33 | 20.33 | 0.82 | 0.69 | 0.58 | 0.71 | 0.57 | 0.55 | 0.66 | 0.64 | 0.38 |
| Cash Ratio | 12.35 | 12.35 | 0.53 | 0.40 | 0.32 | 0.42 | 0.36 | 0.33 | 0.45 | 0.39 | 0.26 |
| Asset Turnover | — | 0.76 | 0.69 | 0.69 | 0.80 | 1.02 | 0.78 | 0.86 | 1.03 | 0.95 | 0.77 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
APAM Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Artisan Partners Asset Management Inc. returns 10.9% to shareholders annually primarily through dividends. The payout ratio of 88.6% is elevated — while still covered by earnings, there is limited headroom for dividend increases. The earnings yield of 11.3% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
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 | 10.9% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 88.6% | 88.6% | 76.2% | 82.5% | 120.3% | 75.6% | 95.5% | 120.2% | 106.0% | 264.2% | 158.0% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 11.3% | 9.9% | 8.5% | 7.2% | 9.9% | 10.7% | 6.8% | 8.2% | 12.8% | 1.9% | 5.3% |
| FCF Yield | 6.8% | 6.4% | 13.2% | 13.2% | 15.8% | 13.8% | 11.3% | 16.6% | 29.6% | 12.5% | 23.2% |
| Buyback Yield | 0.0% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 10.9% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $66M | $65M | $63M | $62M | $60M | $56M | $51M | $49M | $45M | $38M |
Peer Comparison
Compare APAM 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 |
|---|---|---|---|---|---|---|---|---|---|
 APAMYou | $3B | 8.9 | 6.6 | 14.8 | 45.7% | 33.4% | 37.9% | 26.7% | 1.0 |
 VRTS | $948M | 7.1 | 16.2 | — | 74.9% | 17.4% | 13.5% | 3.0% | 13.9 |
 DHIL | $473M | 9.8 | 110.4 | — | 96.0% | 38.4% | 28.8% | 1.3% | 103.4 |
 CNNE | $717M | -1.5 | — | — | 12.7% | -28.2% | -36.6% | -5.7% | — |
 AMG | $9B | 15.5 | 12.2 | 9.4 | 86.0% | 31.8% | 15.8% | 8.1% | 2.8 |
 TROW | $23B | 11.6 | 8.0 | 15.8 | 62.7% | 29.9% | 17.8% | 13.3% | 0.3 |
 BEN | $17B | 36.3 | 23.7 | 18.8 | 80.3% | 6.9% | 3.7% | 1.6% | 11.7 |
 IVZ | $13B | -17.6 | 16.8 | 8.7 | 43.2% | -10.9% | -2.0% | -2.3% | 8.2 |
 VCTR | $6B | 21.3 | 10.2 | 23.5 | 71.1% | 42.5% | 18.6% | 15.2% | 1.5 |
 MORN | $6B | 17.3 | 9.5 | 13.2 | 61.0% | 21.5% | 26.3% | 15.3% | 2.0 |
 BLK | $174B | 29.6 | 23.0 | 46.3 | 55.5% | 29.1% | 10.0% | 7.5% | 1.9 |
| Financial Services Median | — | 13.6 | 11.4 | 11.1 | 64.1% | 20.3% | 9.0% | 5.5% | 4.3 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Includes 30+ ratios · 17 years · Updated daily
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APAM — Frequently Asked Questions
Quick answers to the most common questions about buying APAM stock.
What is Artisan Partners Asset Management Inc.'s P/E ratio?
Artisan Partners Asset Management Inc.'s current P/E ratio is 8.9x. The historical average is 16.4x. This places it at the 9th percentile of its historical range.
What is Artisan Partners Asset Management Inc.'s EV/EBITDA?
Artisan Partners Asset Management Inc.'s current EV/EBITDA is 6.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 6.1x.
What is Artisan Partners Asset Management Inc.'s ROE?
Artisan Partners Asset Management Inc.'s return on equity (ROE) is 37.9%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 66.4%.
Is APAM stock overvalued?
Based on historical data, Artisan Partners Asset Management Inc. is trading at a P/E of 8.9x. This is at the 9th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Artisan Partners Asset Management Inc.'s dividend yield?
Artisan Partners Asset Management Inc.'s current dividend yield is 10.92% with a payout ratio of 88.6%.
What are Artisan Partners Asset Management Inc.'s profit margins?
Artisan Partners Asset Management Inc. has 45.7% gross margin and 33.4% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Artisan Partners Asset Management Inc. have?
Artisan Partners Asset Management Inc.'s Debt/EBITDA ratio is 1.0x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.