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Affiliated Managers Group (LTS:0HAQ) E10 : $12.86 (As of Dec. 2024)


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What is Affiliated Managers Group E10?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Affiliated Managers Group's adjusted earnings per share data for the three months ended in Dec. 2024 was $4.920. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $12.86 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Affiliated Managers Group's average E10 Growth Rate was 6.60% per year. During the past 3 years, the average E10 Growth Rate was 17.10% per year. During the past 5 years, the average E10 Growth Rate was 17.40% per year. During the past 10 years, the average E10 Growth Rate was 12.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Affiliated Managers Group was 22.30% per year. The lowest was -0.70% per year. And the median was 11.20% per year.

As of today (2025-03-24), Affiliated Managers Group's current stock price is $166.94. Affiliated Managers Group's E10 for the quarter that ended in Dec. 2024 was $12.86. Affiliated Managers Group's Shiller PE Ratio of today is 12.98.

During the past 13 years, the highest Shiller PE Ratio of Affiliated Managers Group was 56.97. The lowest was 7.74. And the median was 17.37.


Affiliated Managers Group E10 Historical Data

The historical data trend for Affiliated Managers Group's E10 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 E10 Chart

Affiliated Managers Group Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.34 8.29 10.32 11.95 12.86

Affiliated Managers Group Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
E10 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 11.95 12.32 12.33 12.51 12.86

Competitive Comparison of Affiliated Managers Group's E10

For the Asset Management subindustry, Affiliated Managers Group's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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 Shiller PE Ratio Distribution in the Asset Management Industry

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

* The bar in red indicates where Affiliated Managers Group's Shiller PE Ratio falls into.



Affiliated Managers Group E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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.

For example, Affiliated Managers Group's adjusted earnings per share data for the three months ended in Dec. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=4.92/133.1571*133.1571
=4.920

Current CPI (Dec. 2024) = 133.1571.

Affiliated Managers Group Quarterly Data

per share eps CPI Adj_EPS
201503 2.280 99.621 3.048
201506 2.310 100.684 3.055
201509 1.960 100.392 2.600
201512 2.720 99.792 3.629
201603 1.900 100.470 2.518
201606 1.980 101.688 2.593
201609 2.020 101.861 2.641
201612 2.670 101.863 3.490
201703 2.130 102.862 2.757
201706 2.220 103.349 2.860
201709 2.220 104.136 2.839
201712 5.500 104.011 7.041
201803 2.770 105.290 3.503
201806 2.160 106.317 2.705
201809 2.340 106.507 2.926
201812 -2.880 105.998 -3.618
201903 -3.870 107.251 -4.805
201906 2.110 108.070 2.600
201909 1.710 108.329 2.102
201912 0.460 108.420 0.565
202003 -0.330 108.902 -0.404
202006 0.650 108.767 0.796
202009 1.530 109.815 1.855
202012 2.500 109.897 3.029
202103 3.410 111.754 4.063
202106 2.550 114.631 2.962
202109 3.000 115.734 3.452
202112 4.170 117.630 4.720
202203 3.470 121.301 3.809
202206 2.680 125.017 2.855
202209 2.800 125.227 2.977
202212 17.400 125.222 18.503
202303 3.470 127.348 3.628
202306 3.250 128.729 3.362
202309 5.480 129.860 5.619
202312 5.150 129.419 5.299
202403 4.140 131.776 4.183
202406 2.260 132.554 2.270
202409 3.780 133.029 3.784
202412 4.920 133.157 4.920

Add all the adjusted EPS together and divide 10 will get our e10.


Affiliated Managers Group  (LTS:0HAQ) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Affiliated Managers Group's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=166.94/12.86
=12.98

* 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.

During the past 13 years, the highest Shiller P/E Ratio of Affiliated Managers Group was 56.97. The lowest was 7.74. And the median was 17.37.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Affiliated Managers Group E10 Related Terms

Thank you for viewing the detailed overview of Affiliated Managers Group's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


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 midsize 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 September 2024, AMG's affiliate network-which includes firms like AQR Capital Management, and Pantheon in alternative assets and other products (which accounted for 36% of AUM), Artemis, Genesis, Harding Loevner, and Tweedy Browne in global and emerging-market equities (27%) and Frontier, River Road, Parnassus, and Yacktman in US equities (21%)-had $728.4 billion in managed assets.

Affiliated Managers Group Headlines

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