Affiliated Managers Group Inc. Common Stock (AMG)

FairStock Score: 73/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach AMG as an owner would: it is not a manufacturer but a holding company of asset managers, earning fees from mutual funds, institutions and wealthy clients. The quality is better than many financials: FairStock calculations show ROE of 24.26% and a Piotroski F-score of 8/9, while trailing free cash flow is $1.1B and FCF yield is 10.9%. The filed results show why: in fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $640.7M, net income $185.9M, and diluted EPS $6.95, versus revenue $493.2M, net income $84.3M, and diluted EPS $2.80 in fiscal Q2 2025. That is real operating momentum. Still, the Lynch category is STALWART, with profit growing 28.8% a year over five years but revenue only 0.5% a year, a warning that growth has come more from margins and capital allocation than from top-line expansion. At the 2026-10-13 close of $379.01, FairStock's P/E is 13.30, P/B 3.24, and EV/EBITDA 7.41, which on the surface is not demanding. But the Graham Number is $273.73, leaving a -38.46% margin of safety; the price is well above a conservative asset-and-earnings anchor. ROCE is only 3.12%, D/E is 0.76, and the dividend yield is 0.01%. AMG looks like a cash-generative, high-return asset manager whose stock price already reflects much of the good news. I would want top-line growth and a wider discount before calling it a classic Graham bargain.

In plain English: AMG is an investment manager that owns stakes in firms that manage money for funds, institutions and wealthy clients. The business looks strong: it earns high returns, turns a healthy profit, and produced a big jump in latest-quarter earnings. At the 2026-10-13 closing price, the shares look full rather than cheap compared with the company's profits and net assets, and the dividend is negligible.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer