Stock fact sheet · data as of
Affiliated Managers Group, Inc. (AMG): fair value, margin of safety and Wheel Score
Ticker symbol AMG · Financial Services · Asset Management · United States · Blend
Is AMG undervalued?
AMG has a margin of safety of 32%: the stock closed at 364.49 on 5 Nov 2026 against a GLS average fair value of 532.35. 4 of the 9 valuation models that produced a number sit above the price. Our scans treat a discount this large as a strong starting point for a cash-secured put, not as a verdict - the fair value is a model output, and a wide gap can mean the models are missing something the market knows.
There is a wide gap between DDM (0.5886) and Graham Growth (1,099.97). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
Ranked against every other company we cover, neither cheapness nor growth clearly wins for AMG, so the nightly engine files it under Blend (value score 51, growth score 59, out of 100).
Nine valuation models for AMG
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 359.56 | -1% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 289.80 | -20% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 1,099.97 | +202% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 424.64 | +17% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 272.36 | -25% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 1,036.22 | +184% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 947.64 | +160% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 0.5886 | -100% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 360.40 | -1% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -143.20 | -139% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 425.00 | +17% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Affiliated Managers Group, Inc. scores 7 of 9 on the Piotroski F-score, the nine yes/no tests of profitability, leverage and efficiency on the latest annual accounts - a strong reading that passes the "Piotroski 6 or more" Wheel Trade Filter with room to spare. On durability AMG scores 7.2/10 on the GLS Moat - a middle reading; the Moat Score tab on the Quote page's Financials view shows which of the four parts hold it back.
Returns on capital are high - ROIC 12.1%, ROE 22.1%, ROA 7.8% - with debt at 0.83 times equity and a free-cash-flow yield of 11.6%.
The dividend yield is 0.01% with a payout ratio of 0% - a small yield that leaves most of the earnings in the business.
Institutional ownership scores 10/10, insider activity 4/10 and Congressional trading 5/10 on the GLS smart-money scales; the last recorded insider buy was on 15 Aug 2026.
| Piotroski F-score | 7 / 9 | ROIC | 12.1% |
|---|---|---|---|
| GLS Moat | 7.2 / 10 | ROE | 22.1% |
| Debt / equity | 0.83 | ROA | 7.8% |
| Free-cash-flow yield | 11.6% | Payout ratio | 0% |
| Institutions | 10 / 10 | Insiders · Congress | 4 · 5 / 10 |
Wheel Score 86: Prime
With a Wheel Score of 86, Affiliated Managers Group, Inc. sits in the Prime band. It passes every Wheel Trade Filter - busy options, a real business, below fair value, healthy accounts, debt it can repay, no serious red flags, a premium worth selling, enough size and price - and ranks near the top on the parts: value strong, premium strong, moat good, health good, red flags strong, option trading weak, stability good. A high score is a ranking, not a signal: it says nothing about timing, the earnings date or your position size.
Implied volatility is 40% on the near-the-money contracts 20-60 days out - inside the 35-60% sweet spot the Wheel Score rewards most: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is 2,049 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 471k shares a day on a market cap of $9.4B, with a beta of 1.05; the Stability part of the Wheel Score rates that good.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Passes | Listed options with 1,000+ contracts of open interest and 100+ traded a day |
| 2 | A real business, not a gamble | Passes | Profitable over the last twelve months - not a speculative stock, fund or note |
| 3 | Below fair value | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 4 | Financially healthy | Passes | Piotroski F-score 6 or more out of 9 (a company with no score on file passes) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Passes | Implied volatility 25-80% (enough premium, not a lottery ticket) |
| 8 | Big enough | Passes | Market cap $1 billion or more |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Strong | 32% below fair value | |
| Premium | Strong | implied volatility 40% | |
| Moat | Good | moat 7.2/10 | |
| Health | Good | Piotroski 7/9 | |
| Red Flags | Strong | Red Flags score 100/100 | |
| Option trading | Weak | 511 contracts a day, 2,049 open interest | |
| Stability | Good | beta 1.05, $9.4B company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
Affiliated Managers Group, Inc. reports earnings on 9 Nov 2026 (before the open) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.
No analyst upgrades or downgrades were recorded in the last 30 days.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Asset Management
The 12 companies below are the closest to Affiliated Managers Group, Inc. by market cap within the Asset Management industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| VWESX Vanguard Long-Term Investment-Grade Fund Investor Shares | 7.17 | 2.95 | -143% | 13No options | $9.3B |
| JSOAX JPMorgan Strategic Income Opports A | 11.35 | 84.26 | +87% | 27No options | $9.3B |
| MGRE Affiliated Managers Group, Inc. | 21.25 | 191.30 | +89% | 33No options | $9.7B |
| MGRB Affiliated Managers Group, Inc. | 15.55 | 184.07 | +92% | 34No options | $9.7B |
| MGRD Affiliated Managers Group, Inc. | 13.95 | 182.05 | +92% | 34No options | $9.7B |
| VFIJX Vanguard GNMA Fund Admiral Shares | 9.19 | 10.09 | +9% | 17No options | $10.3B |
| OXLCG Oxford Lane Capital Corp. 7.95% Notes due 2032 | 24.66 | 70.18 | +65% | 27No options | $8.3B |
| PSLV Sprott Physical Silver Trust | 16.98 | 181.30 | +91% | 31No options | $10.7B |
| GSCE GS Connect S&P GSCI Enhanced Commodity Total Return Strategy Index ETN | 25.00 | 631.77 | +96% | 29No options | $7.8B |
| OXLCL Oxford Lane Capital Corp. 6.75% Notes due 2031 | 23.80 | 70.18 | +66% | 26No options | $11.5B |
| OMSIX Invesco Main Street Fund Class R6 | 68.13 | 52.50 | -30% | 14No options | $11.7B |
| OXLCN Oxford Lane Capital Corp. | 24.52 | 70.18 | +65% | 29No options | $11.8B |
⚖ Compare AMG with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about AMG
Is AMG undervalued right now?
By the GLS models, yes: at 364.49 the stock is 32% below the average fair value of 532.35 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of AMG and what does it mean?
AMG scores 86 out of 100 (Prime). The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for AMG?
532.35 per share as of 5 Nov 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Affiliated Managers Group, Inc. report earnings next?
The next earnings report is due on 9 Nov 2026 (before the open), 4 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does AMG have listed options, and how liquid are they?
Yes. The nightly snapshot found 112 listed contracts with 2,049 open interest across all expiries and implied volatility of 40% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.