Affiliated Managers Group (STU:AFS) Cyclically Adjusted PS Ratio: (As of Jul. 21, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

STU:AFS Affiliated Managers Group Inc STU:AFS
60 GF Score
Price €320.00
GF Value €219.89
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Affiliated Managers Group Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Affiliated Managers Group  (STU:AFS) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Affiliated Managers Group Cyclically Adjusted PS Ratio Related Terms


Affiliated Managers Group Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Affiliated Managers Group's Cyclically Adjusted PS 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.

Affiliated Managers Group Cyclically Adjusted PS Ratio Chart

Affiliated Managers Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.46 3.09 2.86 3.40 5.12

Affiliated Managers Group Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PS 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 3.05 3.54 4.25 5.12 4.77

STU:AFS vs JHG, PDI, SEIC: Cyclically Adjusted PS Ratio Comparison

For the Asset Management subindustry, Affiliated Managers Group's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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 Cyclically Adjusted PS Ratio vs Asset Management Industry

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

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


STU:AFS
60GF Score
Affiliated Managers Group Inc STU:AFS
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Affiliated Managers Group Cyclically Adjusted PS Ratio Calculation

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

Affiliated Managers Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Affiliated Managers Group's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=17.14/330.2130*330.2130
=17.140

Current CPI (Mar. 2026) = 330.2130.

Affiliated Managers Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 8.698 241.018 11.917
201609 8.575 241.428 11.728
201612 8.965 241.432 12.262
201703 8.597 243.801 11.644
201706 8.656 244.955 11.669
201709 8.429 246.819 11.277
201712 8.801 246.524 11.789
201803 8.713 249.554 11.529
201806 9.478 251.989 12.420
201809 9.302 252.439 12.168
201812 9.415 251.233 12.375
201903 9.261 254.202 12.030
201906 10.271 256.143 13.241
201909 9.891 256.759 12.721
201912 10.184 256.974 13.086
202003 9.605 258.115 12.288
202006 8.844 257.797 11.328
202009 9.034 260.280 11.461
202012 10.080 260.474 12.779
202103 10.345 264.877 12.897
202106 10.911 271.696 13.261
202109 11.037 274.310 13.286
202112 13.666 278.802 16.186
202203 11.774 287.504 13.523
202206 12.842 296.311 14.311
202209 13.434 296.808 14.946
202212 9.686 296.797 10.777
202303 12.112 301.836 13.251
202306 11.236 305.109 12.160
202309 11.339 307.789 12.165
202312 11.493 306.746 12.372
202403 11.469 312.332 12.126
202406 13.167 314.175 13.839
202409 13.294 315.301 13.923
202412 12.905 315.605 13.502
202503 14.091 319.799 14.550
202506 13.618 322.561 13.941
202509 13.673 324.800 13.901
202512 14.404 324.054 14.678
202603 17.140 330.213 17.140

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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.

Is Affiliated Managers Group (STU:AFS) Overvalued in 2026?

Based on GuruFocus' analysis, Affiliated Managers Group stock appears to be overvalued. The current stock price of €320.00 is trading 45.5% above its estimated GF Value™ of €219.89. GuruFocus considers Affiliated Managers Group to be Significantly Overvalued.

Key valuation signals for STU:AFS:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €219.89 vs. price of €320.00 (45.5% above fair value)
  • GF Score™: 60/100 with 7 warning signs

No single metric tells the full story. See the STU:AFS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Affiliated Managers Group Business Description

Other Exchanges AMG:USA0HAQ:UK
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 December 2025, AMG's affiliate network—which includes firms like Abacus Capital and Pantheon dedicated to private markets (which accounted for 18% of AUM), AQR Capital and Capula Investment Management in liquid alternatives (28%), and Harding Loevner, Tweedy Browne, Parnassus, and Yacktman in equities, multi-asset, and bond strategies (54%)—had $813.3 billion in managed assets.
60GF Score

Get the complete analysis for STU:AFS

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€320.00
Price
€219.89
GF Value