Artisan Partners Asset ManagementAPAM -0.35%78 Earnings Yield (Joel Greenblatt) % is 17.92% as of Mar. 2026, which is 9% above its 10-year median of 16.44. GuruFocus rates APAM with a GF Score™ of 78/100 and a GF Value™ of $47.22 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,634 Asset Management companies, Artisan Partners Asset Management ranks better than 91.8% on this metric.
The historical rank and industry rank for Artisan Partners Asset Management's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
APAM'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 11.11 Med: 16.44 Max: 61.7
Current: 17.86
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Artisan Partners Asset Management was 61.70%. The lowest was 11.11%. And the median was 16.44%.
APAM's Earnings Yield (Joel Greenblatt) % is ranked better than 91.8% of 1634
companies
in the Asset Management industry
Industry Median: 0
vs APAM: 17.86
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Artisan Partners Asset Management's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2026 was 10.65%. The Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.
Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.
Be Aware
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
* 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.
For the Asset Management subindustry, Artisan Partners Asset Management's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % 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 Earnings Yield (Joel Greenblatt) % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Artisan Partners Asset Management's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Artisan Partners Asset Management's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Artisan Partners Asset Management's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $487 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 17.92% mean?
Artisan Partners Asset Management (APAM) has a Earnings Yield (Joel Greenblatt) % of 17.92% as of Mar. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Artisan Partners Asset Management and its competitors. This is near median its historical median of 16.44. Over the past decade, Artisan Partners Asset Management's Earnings Yield (Joel Greenblatt) % has ranged from 11.11 to 61.70. According to the industry distribution chart, Artisan Partners Asset Management ranks #134 out of 1634 companies in the Asset Management industry, placing it in the top 8.2%.
Is Artisan Partners Asset Management's Earnings Yield (Joel Greenblatt) % too high?
Artisan Partners Asset Management's current Earnings Yield (Joel Greenblatt) % of 17.92% is near median its 10-year median of 16.44. Over the past 10 years, this metric has ranged from a low of 11.11 to a high of 61.70. Based on the distribution chart, Artisan Partners Asset Management ranks #134 out of 1634 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 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Artisan Partners Asset Management's Earnings Yield (Joel Greenblatt) % compare to PTY and GDV?
According to the Asset Management industry distribution chart, Artisan Partners Asset Management ranks #134 out of 1634 companies for Earnings Yield (Joel Greenblatt) %. This places Artisan Partners Asset Management in the top 8% of its industry — outperforming the majority of peers. Historically, Artisan Partners Asset Management's own Earnings Yield (Joel Greenblatt) % has ranged from 11.11 to 61.70 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Earnings Yield (Joel Greenblatt) % for an Asset Management company?
A good Earnings Yield (Joel Greenblatt) % depends on the Asset Management industry context. However, Earnings Yield (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Earnings Yield (Joel Greenblatt) % mean?
A high Earnings Yield (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Artisan Partners Asset Management and its competitors. Artisan Partners Asset Management's current Earnings Yield (Joel Greenblatt) % is 17.92%, which is near median its own 10-year median of 16.44. 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 (APAM) is currently considered Modestly Undervalued. The stock's GF Value™ is $47.22, compared to a current price of $36.49 — trading 22.7% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 17.92%, which is near median its 10-year median of 16.44. Artisan Partners Asset Management's overall GF Score™ is 78/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Earnings Yield (Joel Greenblatt) % calculated?
Earnings Yield (Joel Greenblatt) % is calculated from a company's financial statements. For Artisan Partners Asset Management (APAM), the current Earnings Yield (Joel Greenblatt) % is 17.92% as of Mar. 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 (APAM) Overvalued in 2026?
Based on GuruFocus' analysis, Artisan Partners Asset Management stock appears to be undervalued.
The current stock price of $36.49 is trading 22.7% below its estimated GF Value™ of $47.22.
GuruFocus considers Artisan Partners Asset Management to be Modestly Undervalued.
Key valuation signals for APAM:
Earnings Yield (Joel Greenblatt) %: 17.92% (near median its 10-year median of 16.44)
GF Value™: $47.22 vs. price of $36.49 (22.7% below fair value)
No single metric tells the full story. See the APAM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Artisan Partners Asset Management Business Description
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.
78GF Score
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