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GAMGeneral American Investors Company, Inc.
$65.51$1.5B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
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P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
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GAM logo

General American Investors Company, Inc.

GAM
NYSE · Asset Management
$65.51
At close - Sep 21, 4:00 PM EDT - USD
Market Cap$1.53B
P/E6.1x
52W High$68.57
Volume12.84K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2025Q2

Portfolio Realization Volatility Masks Asset Growth Trajectory

General American Investors Company operates as a closed-end investment vehicle where long-term value creation is driven by a $1.7B asset base, though performance remains tethered to the timing of realized capital gains. While the firm maintains a disciplined o...

GrowthMixed
ProfitabilityModerate
ValuationAttractive
TechnicalsMixed
Explore valuation models
MARKET ACTION

GAM price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

0/12 Beats

EPS beat 0 of last 12 quarters

02

Valuation risk

-47% Peers

P/E is 47% below peer median

03

Market leadership

RS 61 · Avg

Average momentum (RS Rating: 61)

04

Mixed Trend

Mixed

Price < 50DMA but > 200DMA

Next CatalystEstimated earnings · Nov 8

Market performance

Price History →

Trailing total returns as of 9/22/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
GAM+11.37%
S&P 500 (^GSPC)+13.22%
1-Year Return
GAM+16.27%
S&P 500 (^GSPC)+15.99%
3-Year Return
GAM+93.86%
S&P 500 (^GSPC)+84.53%
5-Year Return
GAM+92.43%
S&P 500 (^GSPC)+79.07%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y High
6.1x
Forward P/E
N/A
EV/EBITDA60th %ile
6.2x
FCF YieldCash Flow
N/A

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
6.1x
4.7x
75th· Fair
EV/EBITDA
6.2x
4.5x
60th· Fair
Price/FCF
N/A
N/A
N/A
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$155.75+137.7%
Base (Fair)$184.14+187.9%
Bull$213.74+226.3%
$155.75 Bear$184.14 Base$213.74 Bull
Current Market Price: $65.51
Trades at a 64.4% discount to Base DCF ($184.14)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$1000K+0.0% YoY
Net income
$245M-10.2% YoY
Free cash flow
-
Operating margin
97.5%-207.3 pts YoY
ROIC (TTM)12.4%
Avg ROIC 5Y-
ROE (TTM)16.5%
Piotroski Score5 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2025Latest
Aug 8, 2025
$3.23
vs —
$6M
vs —
Q3 2024
Aug 5, 2024
$3.06
vs —
$7M
vs —
Q2 2024
May 3, 2024
$8.08
vs —
$42M
vs —
Q1 2024
Feb 16, 2024
$7.98
vs —
$11M
vs —
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Business Wire·Sep 1, 2026
General American Investors Company, Inc. New Officer Appointments

NEW YORK--(BUSINESS WIRE)--David A. Barnett has been appointed General Counsel and Chief Compliance Officer and Samantha X. Jin, Treasurer, has been appointed Principal Financial Officer of the Company effective today. Mr. Barnett has spent his career in the financial services industry, as a legal and compliance professional, and began his career in the Enforcement Division of the United States Securities and Exchange Commission. More recently, Mr. Barnett spent the past 16 years at Epoch Inves.

Business Wire·Jul 31, 2026
General American Investors Files Certified Shareholder Report for Period Ended June 30, 2026

NEW YORK--(BUSINESS WIRE)--General American Investors Company, Inc., a closed-end investment company listed on the New York Stock Exchange (GAM), filed with the U.S. Securities and Exchange Commission (SEC) its Certified Shareholder Report (Form N-CSR) for the six-month period ended June 30, 2026. The Form N-CSR contains the Company's June 30, 2026 Semi-Annual Report and is available at the SEC's website: www.sec.gov and the Company's website: www.generalamericaninvestors.com. The Semi-Annual R.

Seeking Alpha·Jul 25, 2026
10 Best CEFs This Month: Average Yield Of Near 10% (July 2026)

The article presents a rigorously screened list of 10 top closed-end funds, or CEFs, for income investors, offering an average 10% plus yield and nearly 7.7% NAV discount. Selections emphasize sector diversification, long-term outperformance, sustainable distributions, and attractive valuations, with a focus on both equity and credit-oriented CEFs. CEFs are generally characterized by higher volatility and deeper drawdowns than the broader market. For these reasons, they are not suited for everyone.

Business Wire·Jul 22, 2026
General American Investors Company, Inc. Quarterly Dividend and Distribution on 5.95% Preferred Stock

NEW YORK--(BUSINESS WIRE)--The Board of Directors of General American Investors Company, Inc. (NYSE symbol – GAM), a closed-end investment company, declared on its 5.95% cumulative preferred stock, series B, a dividend and distribution of $0.371875 per share payable in cash on September 24, 2026 to holders of record on September 8, 2026. This quarterly dividend and distribution represents a payment for the accrual period from June 24, 2026 through September 23, 2026. Preferred shareholders will.

Filtered for General American Investors Company, Inc.More Headlines
04

Compare before deciding

Benchmark GAM against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for General American Investors Company, Inc. (GAM)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
GAM logoGAMGeneral American Investors Company, Inc.Current
$65.51$1.53B6.06180.65%97.53%16.53%—
TRI logoTRIThomson Reuters Corporation
$95.43$41.66B28.073%21.22%14.26%—
CET logoCETCentral Securities Corp.
$56.74$1.65B6.20-70.64%344.28%33.96%—
SOR logoSORSource Capital, Inc.
$46.09$379.32M9.6431.26%136.98%21.13%—
BLK logoBLKBlackRock, Inc.
$1090.27$168.99B30.7818.32%24.4%10.5%—
IVZ logoIVZInvesco Ltd.
$31.38$13.91B-19.614.75%-0.93%-0.48%—

Compare GAM vs Peers

General American Investors Company, Inc. (GAM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs TRI

Most directly comparable listed peer for GAM.

Scale Benchmark

vs BLK

Larger-name benchmark to compare GAM against a more recognizable public peer.

Peer Set

Compare Top 5

vs TRI, CET, SOR, BLK

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GAM Frequently Asked Questions

General American Investors Company, Inc. (GAM) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is General American Investors Company, Inc.'s revenue?

General American Investors Company, Inc. (GAM) reported $27.6M in revenue for fiscal year 2024. This represents a 2665% increase from $1.0M in 2012.

How fast is General American Investors Company, Inc. growing?

General American Investors Company, Inc. (GAM) grew revenue by 180.6% over the past year. This is strong growth.

Is GAM profitable?

Yes, General American Investors Company, Inc. (GAM) is profitable, generating $201.8M in net income for fiscal year 2024 (97.5% net margin).

Dividend & Returns
What is GAM's return on equity?

General American Investors Company, Inc. (GAM) has a return on equity (ROE) of 16.5%. This is reasonable for most industries.

What if you invested $1,000 in GAM back in 2012?

Total return calculator · dividends reinvested · 14+ years of data

See returns →