Stock fact sheet · data as of
Affiliated Managers Group, Inc. (MGR): fair value, margin of safety and Wheel Score
Financial Services · Asset Management · United States · Value
Is MGR undervalued?
Affiliated Managers Group, Inc. (MGR) closed at 18.63 on 16 Oct 2026. The GLS average fair value - the simple average of the 9 valuation models that produced a positive number - is 210.70, which puts the price 91% below it. 6 of the 9 models value the shares above the current price. A gap this wide is rare in our universe of ~7,400 US stocks and is exactly what the Value part of the Wheel Score rewards; it is also where the question "why is it this cheap?" matters most.
The 9 models disagree widely: DDM gives 0.5886 while 10 Cap gives 839.43. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
The nightly engine files MGR under Value: positive earnings at a P/E of 18 or less.
Nine valuation models for MGR
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 | 591.35 | +3074% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 289.80 | +1456% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 51.94 | +179% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 19.85 | +7% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 6.49 | -65% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 839.43 | +4406% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 79.35 | +326% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 0.5886 | -97% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 17.53 | -6% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -12.32 | -166% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 0.0000 | -100% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
On financial health MGR scores 7/9 (Piotroski): most of the nine tests - positive earnings and cash flow, falling debt, rising margins and turnover - are passed, which is the kind of balance sheet a wheel trader is happy to be assigned. The GLS Moat score is low at 4.2 out of 10, which says the ten-year record of revenue, earnings, margins and returns on capital has been inconsistent - growth and shocks rather than steady compounding.
Returns on capital are high - ROIC 12.0%, ROE 22.1%, ROA 7.8% - with debt at 0.84 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 1/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 7 / 9 | ROIC | 12.0% |
|---|---|---|---|
| GLS Moat | 4.2 / 10 | ROE | 22.1% |
| Debt / equity | 0.84 | ROA | 7.8% |
| Free-cash-flow yield | 11.0% | Payout ratio | 0% |
| Institutions | 1 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 39: No options
MGR has no listed options in the nightly snapshot, so there is nothing to sell and the stock cannot be wheeled however good the business; the Wheel Score is capped at 39 and shown as "No options" (39 here). The valuation and quality numbers still apply to owning the shares outright.
Volume runs at 19k shares a day on a market cap of $5.5B, with a beta of 1.45 - a high beta, so the stock tends to move more than the market and a strike can be gapped through; the Stability part of the Wheel Score gives that 10 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 91% margin of safety | |
| Health | 16 / 20 | Piotroski 7/9 | |
| Moat | 6 / 15 | moat 4.2/10 | |
| Premium | 0 / 20 | no option data | |
| Stability | 10 / 20 | 19k shares/day, $5.5B cap, beta 1.45 |
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 9 Nov 2026 (before the open), 24 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 |
|---|---|---|---|---|---|
| CGABL The Carlyle Group Inc. 4.625% Subordinated Notes due 2061 | 15.60 | 15.57 | -0% | 36No options | $5.6B |
| BXSL Blackstone Secured Lending Fund | 24.19 | 39.65 | +39% | 72Good | $5.6B |
| STEP StepStone Group Inc. | 41.33 | 22.11 | -87% | 45Weak | $5.3B |
| EADOX Eaton Vance Emerging Markets Debt Opportunities - Class A | 8.62 | 7.35 | -17% | 29No options | $5.7B |
| JANIX Janus Henderson Triton Fund Class D | 28.28 | 45.31 | +38% | 39No options | $5.3B |
| VNYTX Vanguard New York Long-Term Tax-Exempt Fund Investor Shares | 10.22 | 5.94 | -72% | 25No options | $5.8B |
| OBDC Blue Owl Capital Corporation | 10.35 | 27.81 | +63% | 88Prime | $5.1B |
| FELTX Fidelity Advisor Semiconductors Fund | 153.71 | 1,989.48 | +92% | 39No options | $5.1B |
| MAIN Main Street Capital Corporation | 54.27 | 94.16 | +42% | 45Weak | $5.1B |
| TILHX Nuveen Large Cap Growth Fund I | 30.47 | 23.04 | -32% | 24No options | $6.0B |
| JSEAX JPMorgan International Equity A | 23.39 | 20.34 | -15% | 30No options | $4.9B |
| ACSLX American Century Select Fund | 96.34 | 137.82 | +30% | 39No options | $6.3B |
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Start free See the Sunday ScanQuestions about MGR
Is MGR undervalued right now?
By the GLS models, yes: at 18.63 the stock is 91% below the average fair value of 210.70 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of MGR and what does it mean?
MGR has no listed options in our nightly snapshot, so it cannot be wheeled; its Wheel Score is capped at 39 and shown as "No options".
What is the GLS fair value for MGR?
210.70 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 9 Nov 2026 (before the open), 24 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does MGR have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on MGR, so the wheel strategy cannot be run on it and the Wheel Score is capped at 39.