Stock fact sheet · data as of
Affiliated Managers Group, Inc. (AMG): fair value, margin of safety and Wheel Score
Financial Services · Asset Management · United States · Value
Is AMG undervalued?
AMG closed at 383.04 on 16 Oct 2026, 24% below the GLS average fair value of 505.98 from 9 models (3 of them above the price). That is a moderate margin of safety: the stock passes the "below fair value" rule of the Sunday Scan, and the Wheel Score gives it 23 of the 25 Value points.
There is a wide gap between DDM (0.5886) and 10 Cap (1,036.22). 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.
The nightly engine files AMG under Value: positive earnings at a P/E of 18 or less.
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 | 338.47 | -12% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 289.80 | -24% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 981.72 | +156% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 364.16 | -5% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 250.71 | -35% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 1,036.22 | +171% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 931.74 | +143% | 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 | -6% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -143.20 | -137% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 410.00 | +7% | 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 Sunday Scan's "6 or more" rule with room to spare. On durability AMG scores 5.0/10 on the GLS Moat - a middle reading; the Scorecard on the Quote page's Financials tab shows which ten-year lines are steady and which are not.
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 11.0%.
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 | 5.0 / 10 | ROE | 22.1% |
| Debt / equity | 0.83 | ROA | 7.8% |
| Free-cash-flow yield | 11.0% | Payout ratio | 0% |
| Institutions | 10 / 10 | Insiders · Congress | 4 · 5 / 10 |
Wheel Score 80: Prime
With a Wheel Score of 80, Affiliated Managers Group, Inc. sits in the Prime band - price, quality and premium all line up for the wheel strategy. The parts: Value 23/25, Health 16/20, Moat 8/15, Premium 20/20, Stability 15/20. A high score is a ranking, not a signal: it says nothing about timing, the earnings date or your position size.
Implied volatility is 36% on the near-the-money contracts 20-60 days out - inside the 35-60% range the Wheel Score pays full marks for: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is 2,437 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 283k shares a day on a market cap of $9.9B, with a beta of 1.07; the Stability part of the Wheel Score gives that 15 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 23 / 25 | 24% margin of safety | |
| Health | 16 / 20 | Piotroski 7/9 | |
| Moat | 8 / 15 | moat 5.0/10 | |
| Premium | 20 / 20 | implied volatility 36% | |
| Stability | 15 / 20 | 283k shares/day, $9.9B cap, beta 1.07 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 2 Nov 2026 (before the open), 17 days away; a 30-45-day put sold today would expire after it, which is worth weighing against the premium.
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 |
|---|---|---|---|---|---|
| MGRB Affiliated Managers Group, Inc. | 15.31 | 180.78 | +92% | 39No options | $9.9B |
| MGRD Affiliated Managers Group, Inc. | 13.76 | 178.91 | +92% | 39No options | $9.9B |
| MGRE Affiliated Managers Group, Inc. | 21.08 | 187.74 | +89% | 39No options | $10.0B |
| VWESX Vanguard Long-Term Investment-Grade Fund Investor Shares | 6.98 | 2.93 | -138% | 30No options | $9.8B |
| JSOAX JPMorgan Strategic Income Opports A | 11.36 | 84.34 | +87% | 39No options | $9.3B |
| VFIJX Vanguard GNMA Fund Admiral Shares | 9.02 | 10.08 | +11% | 39No options | $10.6B |
| PSLV Sprott Physical Silver Trust | 18.07 | 181.30 | +90% | 39No options | $11.4B |
| OXLCL Oxford Lane Capital Corp. 6.75% Notes due 2031 | 23.79 | 69.99 | +66% | 39No options | $11.5B |
| OMSIX Invesco Main Street Fund Class R6 | 68.75 | 53.01 | -30% | 33No options | $11.5B |
| MLAAX NYLI Winslow Large Cap Growth Fund;A | 9.25 | 15.76 | +41% | 39No options | $11.6B |
| OXLCN Oxford Lane Capital Corp. | 24.41 | 69.99 | +65% | 39No options | $11.8B |
| OXLCG Oxford Lane Capital Corp. 7.95% Notes due 2032 | 24.33 | 66.01 | +63% | 39No options | $8.2B |
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Start free See the Sunday ScanQuestions about AMG
Is AMG undervalued right now?
By the GLS models, moderately: at 383.04 the stock trades 24% below the average fair value of 505.98 (data as of 16 Oct 2026).
What is the Wheel Score of AMG and what does it mean?
AMG scores 80 out of 100 (Prime). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for AMG?
505.98 per share as of 16 Oct 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 2 Nov 2026 (before the open), 17 days from the data date of 16 Oct 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 458 listed contracts with 2,437 open interest across all expiries and implied volatility of 36% 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.