Affiliated Managers Group, Inc. (MGR): fair value, margin of safety and Wheel Score

Is MGR undervalued?

Affiliated Managers Group, Inc. (MGR) closed at 18.86 on 5 Nov 2026. The GLS average fair value - the simple average of the 9 valuation models that produced a positive number - is 188.27, which puts the price 90% 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 840.07. 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.

Ranked against every other company we cover, neither cheapness nor growth clearly wins for MGR, so the nightly engine files it under Blend (value score 63, growth score 59, out of 100).

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.

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 7.2 out of 10: a record that is solid on some of the four parts the score weighs (returns on capital, pricing power, lasting growth, balance sheet) and weaker on others.

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 1/10, insider activity 4/10 and Congressional trading 5/10 on the GLS smart-money scales.

Wheel Score 36: 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. It fails the first Wheel Trade Filter (options that actually trade), so the score stays under 70 and is shown as "No options" (36 here). The valuation and quality numbers still apply to owning the shares outright.

Volume runs at 41k shares a day on a market cap of $5.6B, 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 rates that fair.

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. The next ex-dividend date is 29 Dec 2026 (0.3672 per share).

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.

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