Affiliated Managers Group, Inc. (MGR)
Valuation Overview•Is Affiliated Managers Group, Inc. Overvalued or Undervalued?
Trading at a relative discount to industry peers, suggesting a specific risk premium is applied.
Moderate quality score of 72/100, reflecting stable operating margins and manageable leverage.
Wall Street forecasts a balanced outlook with consensus price targets near the current price.
Verdict: Solid fundamental quality, though solvency presents a headwind.
Wall Street sentiment is generally neutral alongside robust expected earnings growth. This outlook is strongly supported by highly attractive capital returns, driven predominantly by aggressive share repurchases.
Returns capital exclusively via buybacks — no active dividend
MGR demonstrates strong business quality with robust profitability and healthy margins. This is paired with a moderately leveraged but stable balance sheet.
The company maintains stable top-line performance however, earnings have severely contracted over the same period. This growth is supported by elite operational efficiency, sustaining an impressive 29.4% operating margin.
| Financial Metric | Trend (12Q) | Latest Qtr | 1Y Growth | 3Y CAGR | 5Y CAGR | 10Y CAGR |
|---|---|---|---|---|---|---|
| Revenue | $544.9M | +13.6% | — | — | -0.7% | |
| EBITDA | $130.1M | — | +3.3% | — | — | |
| Net Income | $146.4M | +40.1% | -14.5% | — | +3.5% | |
| EPS (Diluted) | $3.84 | +52.8% | -3.1% | +39.8% | +10.0% | |
| Free Cash Flow | -$3.8M | +6.5% | -1.2% | +0.1% | — |
| Metric | TTM | 3Y Avg | 5Y Avg | 10Y Avg |
|---|---|---|---|---|
| Gross Margin | 72.5% | 57.7% | 56.7% | 60.9% |
| Operating Margin | 29.4% | 36.4% | 37.8% | 38.5% |
| Net Margin | 33.4% | 29.6% | 32.3% | 29.3% |
| FCF Margin | 33.3% | 43.7% | 46.0% | 47.1% |
| Quarter | EPS Est. | EPS Act. | Surprise | EPS | Rev |
|---|---|---|---|---|---|
| Q2'26Latest | $8.15 | $4.12 | -49.4% | ||
| Q1'26 | $8.86 | $9.48 | +7.0% | ||
| Q4'25 | $5.89 | $6.44 | +9.3% | ||
| Q3'25 | $5.29 | $2.68 | -49.3% | ||
| Q2'25 | $5.10 | $2.22 | -56.5% | ||
| Q4'23 | — | $4.75 | — | ||
| Q3'23 | — | $6.59 | — | ||
| Q2'23 | — | $4.45 | — |
Total return is +4.4% (1Y), lagging the benchmark by -16.4%
| Period | Total Return | vs S&P 500 (Alpha) | Dividend Contribution |
|---|---|---|---|
| YTD | -3.4% | -10.7% | — |
| 1Y | +4.4% | -16.4% | +7.1% |
| 3YCAGR | +3.3% | -15.9% | +19.8% |
| 5YCAGR | -0.6% | -12.1% | +26.0% |
| 10YCAGR | +2.1% | -11.5% | — |
The S&P 500 is at 30.6x trailing P/E — Expensive relative to historical averages.
Quick answers to common questions about Affiliated Managers Group, Inc. (MGR) valuation, health, and returns.
Based on peer relative multiples, Affiliated Managers Group, Inc. appears Cheap versus peers compared to industry peers.
Affiliated Managers Group, Inc. has multiple valuation anchors: Peer Relative Fair Value: $264.77. A convergence of these signals offers higher conviction.
Affiliated Managers Group, Inc. displays good financial health with a composite quality score of 72/100, supported by a Altman Z-Score of 1.2 (distress zone), Piotroski F-Score of 8/9, Return on Invested Capital (ROIC) of 8.2%.
Affiliated Managers Group, Inc. returns capital via buybacks instead of dividends, carrying a 100.0% buyback yield and reducing outstanding shares by -14.1% in the last 12 months.
Affiliated Managers Group, Inc.'s current growth trajectory is Accelerating. The company achieved +13.6% 1Y revenue growth and +52.8% 1Y EPS growth, compared to its 3Y revenue CAGR of N/A.
Wall Street consensus is Hold based on 0 analysts, beating EPS expectations in 40% of recent quarters with a -1-quarter streak. The consensus price target represents a N/A change from current levels.
Investment risks for Affiliated Managers Group, Inc. include: -69.7% 1-year max drawdown, elevated distress risk. Volatility risk is characterized by a beta of 0.76x.
No. These computations are purely quantitative model outputs for informational purposes. They do not account for qualitative management shifts or macro events. Always consult a licensed RIA before buying or selling shares.
Disclaimer: This page is for informational purposes only and does not constitute financial advice. All valuation models, scores, and target estimates are automated computations under stated assumptions and should not be relied upon as the sole basis for any investment decision.