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Affiliated Managers Group (LTS:0HAQ) Cyclically Adjusted PB Ratio : 2.07 (As of Jun. 03, 2025)


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What is Affiliated Managers Group Cyclically Adjusted PB Ratio?

As of today (2025-06-03), Affiliated Managers Group's current share price is $174.61. Affiliated Managers Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $84.45. Affiliated Managers Group's Cyclically Adjusted PB Ratio for today is 2.07.

The historical rank and industry rank for Affiliated Managers Group's Cyclically Adjusted PB Ratio or its related term are showing as below:

LTS:0HAQ' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.93   Med: 2.28   Max: 6.9
Current: 2.1

During the past years, Affiliated Managers Group's highest Cyclically Adjusted PB Ratio was 6.90. The lowest was 0.93. And the median was 2.28.

LTS:0HAQ's Cyclically Adjusted PB Ratio is ranked worse than
86.23% of 944 companies
in the Asset Management industry
Industry Median: 0.8 vs LTS:0HAQ: 2.10

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Affiliated Managers Group's adjusted book value per share data for the three months ended in Mar. 2025 was $110.763. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $84.45 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Affiliated Managers Group Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Affiliated Managers Group's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Affiliated Managers Group Cyclically Adjusted PB Ratio Chart

Affiliated Managers Group Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.82 2.64 2.29 1.99 2.22

Affiliated Managers Group Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.13 1.94 2.17 2.22 1.96

Competitive Comparison of Affiliated Managers Group's Cyclically Adjusted PB Ratio

For the Asset Management subindustry, Affiliated Managers Group's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Affiliated Managers Group's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Affiliated Managers Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Affiliated Managers Group's Cyclically Adjusted PB Ratio falls into.


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Affiliated Managers Group Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Affiliated Managers Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=174.61/84.45
=2.07

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Affiliated Managers Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Affiliated Managers Group's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=110.763/134.9266*134.9266
=110.763

Current CPI (Mar. 2025) = 134.9266.

Affiliated Managers Group Quarterly Data

Book Value per Share CPI Adj_Book
201506 48.555 100.684 65.069
201509 48.727 100.392 65.489
201512 52.734 99.792 71.300
201603 53.314 100.470 71.598
201606 54.251 101.688 71.984
201609 58.185 101.861 77.073
201612 63.838 101.863 84.559
201703 63.226 102.862 82.935
201706 64.401 103.349 84.078
201709 65.243 104.136 84.534
201712 69.368 104.011 89.986
201803 67.716 105.290 86.777
201806 66.049 106.317 83.823
201809 68.657 106.507 86.977
201812 66.509 105.998 84.660
201903 61.097 107.251 76.863
201906 63.615 108.070 79.424
201909 61.771 108.329 76.937
201912 61.071 108.420 76.002
202003 63.136 108.902 78.224
202006 60.998 108.767 75.668
202009 62.751 109.815 77.100
202012 63.175 109.897 77.564
202103 63.426 111.754 76.577
202106 63.186 114.631 74.373
202109 64.630 115.734 75.348
202112 69.365 117.630 79.565
202203 68.431 121.301 76.118
202206 71.380 125.017 77.038
202209 73.180 125.227 78.849
202212 90.232 125.222 97.225
202303 90.634 127.348 96.028
202306 95.989 128.729 100.611
202309 102.193 129.860 106.181
202312 108.069 129.419 112.668
202403 110.468 131.776 113.109
202406 109.569 132.554 111.530
202409 110.176 133.029 111.748
202412 113.036 133.157 114.538
202503 110.763 134.927 110.763

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Affiliated Managers Group  (LTS:0HAQ) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Affiliated Managers Group Cyclically Adjusted PB Ratio Related Terms

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Affiliated Managers Group Business Description

Traded in Other Exchanges
Address
777 South Flagler Drive, West Palm Beach, FL, USA, 33401
Affiliated Managers Group offers investment strategies to investors through its network of affiliates. The firm typically buys a majority interest in small to mid-size boutique asset managers, receiving a fixed percentage of revenue from these firms in return. Affiliates operate independently, with AMG providing strategic, operational, and technology support, as well as global distribution. At the end of March 2025, AMG's affiliate network—which includes firms like Abacus Capital and Pantheon dedicated to private markets (which accounted for 20% of AUM), AQR Capital and Capula Investment Management in liquid alternatives (22%), and Harding Loevner, Tweedy Browne, Parnassus, and Yacktman in equities, multi-asset, and bond strategies (58%)—had $712 billion in managed assets.

Affiliated Managers Group Headlines

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