Artisan Partners Asset Management (STU:AP0) Cyclically Adjusted PS Ratio: 2.02 (As of Aug. 08, 2026) — 10% Above Median

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:AP0 Artisan Partners Asset Management Inc STU:AP0
79 GF Score
Price €36.80
GF Value €42.06
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Artisan Partners Asset Management Cyclically Adjusted PS Ratio?

Artisan Partners Asset Management STU:AP0 -0.92% 79 Cyclically Adjusted PS Ratio is 2.02 as of Aug. 08, 2026, which is 10% above its 10-year median of 1.83. GuruFocus rates STU:AP0 with a GF Score™ of 79/100 and a GF Value™ of €42.06 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 920 Asset Management companies, Artisan Partners Asset Management ranks better than 81.74% on this metric.

As of today (2026-08-08), Artisan Partners Asset Management's current share price is €36.80. Artisan Partners Asset Management's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was €18.19. Artisan Partners Asset Management's Cyclically Adjusted PS Ratio for today is 2.02.

The historical rank and industry rank for Artisan Partners Asset Management's Cyclically Adjusted PS Ratio or its related term are showing as below:

STU:AP0' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.88   Med: 1.83   Max: 2.43
Current: 2.08

During the past years, Artisan Partners Asset Management's highest Cyclically Adjusted PS Ratio was 2.43. The lowest was 0.88. And the median was 1.83.

STU:AP0's Cyclically Adjusted PS Ratio is ranked better than
81.74% of 920 companies
in the Asset Management industry
Industry Median: 7.835 vs STU:AP0: 2.08

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Artisan Partners Asset Management's adjusted revenue per share data for the three months ended in Jun. 2026 was €4.028. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is €18.19 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Artisan Partners Asset Management  (STU:AP0) 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.


Artisan Partners Asset Management Cyclically Adjusted PS Ratio Related Terms


Artisan Partners Asset Management Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Artisan Partners Asset Management'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.

Artisan Partners Asset Management Cyclically Adjusted PS Ratio Chart

Artisan Partners Asset Management 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 1.88 1.13 1.92 2.03 1.99

Artisan Partners Asset Management Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 2.12 2.09 1.99 1.76 1.67

STU:AP0 vs NAD, AAMI, JPC: Cyclically Adjusted PS Ratio Comparison

For the Asset Management subindustry, Artisan Partners Asset Management'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.


Artisan Partners Asset Management Cyclically Adjusted PS Ratio vs Asset Management Industry

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

* The bar in red indicates where Artisan Partners Asset Management's Cyclically Adjusted PS Ratio falls into.


STU:AP0
79GF Score
Artisan Partners Asset Management Inc STU:AP0
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Artisan Partners Asset Management 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.

Artisan Partners Asset Management's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=36.80/18.19
=2.02

* 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.

Artisan Partners Asset Management's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Artisan Partners Asset Management's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=4.028/333.9520*333.9520
=4.028

Current CPI (Jun. 2026) = 333.9520.

Artisan Partners Asset Management Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 4.244 241.428 5.870
201612 4.422 241.432 6.117
201703 4.196 243.801 5.748
201706 3.861 244.955 5.264
201709 3.740 246.819 5.060
201712 3.839 246.524 5.200
201803 3.630 249.554 4.858
201806 3.706 251.989 4.911
201809 3.691 252.439 4.883
201812 3.393 251.233 4.510
201903 3.300 254.202 4.335
201906 3.467 256.143 4.520
201909 3.582 256.759 4.659
201912 3.629 256.974 4.716
202003 3.446 258.115 4.458
202006 3.225 257.797 4.178
202009 3.503 260.280 4.495
202012 3.766 260.474 4.828
202103 4.154 264.877 5.237
202106 4.230 271.696 5.199
202109 4.486 274.310 5.461
202112 4.577 278.802 5.482
202203 4.043 287.504 4.696
202206 3.814 296.311 4.299
202209 3.778 296.808 4.251
202212 3.390 296.797 3.814
202303 3.463 301.836 3.831
202306 3.530 305.109 3.864
202309 3.666 307.789 3.978
202312 3.590 306.746 3.908
202403 3.779 312.332 4.041
202406 3.871 314.175 4.115
202409 3.866 315.301 4.095
202412 4.349 315.605 4.602
202503 3.922 319.799 4.096
202506 3.734 322.561 3.866
202509 3.909 324.800 4.019
202512 4.359 324.054 4.492
202603 3.964 330.213 4.009
202606 4.028 333.952 4.028

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.

What does a Cyclically Adjusted PS Ratio of 2.02 mean?
Artisan Partners Asset Management (STU:AP0) has a Cyclically Adjusted PS Ratio of 2.02 as of Aug. 08, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Artisan Partners Asset Management and its competitors. This is 10% above median its historical median of 1.83. Over the past decade, Artisan Partners Asset Management's Cyclically Adjusted PS Ratio has ranged from 0.88 to 2.43. According to the industry distribution chart, Artisan Partners Asset Management ranks #168 out of 920 companies in the Asset Management industry, placing it in the top 18.3%.
Is Artisan Partners Asset Management's Cyclically Adjusted PS Ratio too high?
Artisan Partners Asset Management's current Cyclically Adjusted PS Ratio of 2.02 is 10% above median its 10-year median of 1.83. Over the past 10 years, this metric has ranged from a low of 0.88 to a high of 2.43. The Asset Management industry median Cyclically Adjusted PS Ratio is 7.84. Artisan Partners Asset Management's value of 2.02 is 74.2% below this industry median. Based on the distribution chart, Artisan Partners Asset Management ranks #168 out of 920 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Artisan Partners Asset Management has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Artisan Partners Asset Management's Cyclically Adjusted PS Ratio compare to NAD and AAMI?
According to the Asset Management industry distribution chart, Artisan Partners Asset Management ranks #168 out of 920 companies for Cyclically Adjusted PS Ratio. This places Artisan Partners Asset Management in the top 18% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 7.84. Artisan Partners Asset Management's value of 2.02 is 74.2% below this benchmark. Historically, Artisan Partners Asset Management's own Cyclically Adjusted PS Ratio has ranged from 0.88 to 2.43 over the past decade. While the company's 10-year median is 1.83 vs. the industry median of 7.84, Artisan Partners Asset Management has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for an Asset Management company?
The median Cyclically Adjusted PS Ratio among Asset Management companies is 7.84, based on 920 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Artisan Partners Asset Management's current Cyclically Adjusted PS Ratio of 2.02 is 74.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Artisan Partners Asset Management and its competitors. For the Asset Management industry, the median Cyclically Adjusted PS Ratio is 7.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Artisan Partners Asset Management's current Cyclically Adjusted PS Ratio is 2.02, which is 10% above median its own 10-year median of 1.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Artisan Partners Asset Management stock overvalued right now?
Based on GuruFocus' analysis, Artisan Partners Asset Management (STU:AP0) is currently considered Modestly Undervalued. The stock's GF Value™ is €42.06, compared to a current price of €36.80 — trading 12.5% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.02, which is 10% above median its 10-year median of 1.83 and 74.2% below the Asset Management industry median of 7.84. Artisan Partners Asset Management's overall GF Score™ is 79/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Artisan Partners Asset Management (STU:AP0), the current Cyclically Adjusted PS Ratio is 2.02 as of Aug. 08, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Artisan Partners Asset Management (STU:AP0) Overvalued in 2026?

Based on GuruFocus' analysis, Artisan Partners Asset Management stock appears to be undervalued. The current stock price of €36.80 is trading 12.5% below its estimated GF Value™ of €42.06. GuruFocus considers Artisan Partners Asset Management to be Modestly Undervalued.

Key valuation signals for STU:AP0:

  • Cyclically Adjusted PS Ratio: 2.02 (10% above median its 10-year median of 1.83)
  • GF Value™: €42.06 vs. price of €36.80 (12.5% below fair value)
  • GF Score™: 79/100 with 4 warning signs
  • Industry Position: 74.2% below the Asset Management median (#168 of 920)

No single metric tells the full story. See the STU:AP0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Artisan Partners Asset Management Business Description

Other Exchanges APAM:USA
Address 875 East Wisconsin Avenue, Suite 800, Milwaukee, WI, USA, 53202
Artisan Partners Asset Management Inc is a investment management firm providing a range of investment strategies to a diverse group of clients around the world. Each of the company's strategies is managed by one of its several investment teams. Investment management services are offered to institutions through separate accounts and mutual funds. Artisan's investment offerings include several long-only, equity investment strategies across a multitude of market capitalization segments and investing styles in both the United States and international markets. The company operates as one segment in the investment management business. The company generates maximum portion of its revenues from clients domiciled in countries outside the United States.
79GF Score

Get the complete analysis for STU:AP0

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

€36.80
Price
€42.06
GF Value