APAM (Artisan Partners Asset Management) EBIT: $487 Mil (TTM As of Mar. 2026)


APAM Artisan Partners Asset Management Inc APAM
80 GF Score
Price $35.57
GF Value $47.32
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Artisan Partners Asset Management EBIT?

Artisan Partners Asset Management APAM +2.10% 80 EBIT is $487 Mil as of Mar. 2026. GuruFocus rates APAM with a GF Score™ of 80/100 and a GF Value™ of $47.32 (Modestly Undervalued). The stock has 3 warning signs investors should review.

Artisan Partners Asset Management's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $88 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $487 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Artisan Partners Asset Management's annualized ROC % for the quarter that ended in Mar. 2026 was 26.24%. Artisan Partners Asset Management's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 257.33%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Artisan Partners Asset Management's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 18.31%.


Artisan Partners Asset Management  (NYSE:APAM) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Artisan Partners Asset Management's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=376.828 * ( 1 - 21.72% )/( (1164.833 + 1083.447)/ 2 )
=294.9809584/1124.14
=26.24 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1577.292 - 349.762 - ( 255.506 - max(0, 378.616 - 441.313+255.506))
=1164.833

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1441.195 - 372.292 - ( 300.445 - max(0, 471.446 - 456.902+300.445))
=1083.447

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Artisan Partners Asset Management's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=353.912/( ( (138.298 + max(-199.09, 0)) + (136.771 + max(-322.073, 0)) )/ 2 )
=353.912/( ( 138.298 + 136.771 )/ 2 )
=353.912/137.5345
=257.33 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(158.934 + 0 + 20.592) - (349.762 + 0 + 28.854)
=-199.09

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(149.373 + 0 + 0) - (372.292 + 0 + 99.154)
=-322.073

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Artisan Partners Asset Management's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=486.764/2658.681
=18.31 %

* 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 EBIT Related Terms


Artisan Partners Asset Management EBIT Historical Data

* Premium members only.

The historical data trend for Artisan Partners Asset Management's EBIT 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 EBIT Chart

Artisan Partners Asset Management Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 562.35 321.75 392.26 449.16 497.68

Artisan Partners Asset Management Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT 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 99.40 123.03 125.66 149.59 88.48

APAM vs NVG, AAMI, GDV: EBIT Comparison

For the Asset Management subindustry, Artisan Partners Asset Management's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Artisan Partners Asset Management's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Artisan Partners Asset Management's EV-to-EBIT falls into.


APAM
80GF Score
Artisan Partners Asset Management Inc APAM
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Artisan Partners Asset Management EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

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.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of $487 Mil mean?
Artisan Partners Asset Management (APAM) has a EBIT of $487 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Artisan Partners Asset Management.
Is Artisan Partners Asset Management's EBIT too high?
Artisan Partners Asset Management's current EBIT is $487 Mil. Overall, Artisan Partners Asset Management has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Artisan Partners Asset Management's EBIT compare to NVG and AAMI?
Artisan Partners Asset Management's EBIT of $487 Mil can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for an Asset Management company?
A good EBIT depends on the Asset Management industry context. However, EBIT 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 EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Artisan Partners Asset Management. Artisan Partners Asset Management's current EBIT is $487 Mil. 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 $47.32, compared to a current price of $35.57 — trading 24.8% below its estimated fair value. The current EBIT is $487 Mil. Artisan Partners Asset Management's overall GF Score™ is 80/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Artisan Partners Asset Management (APAM), the current EBIT is $487 Mil 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 $35.57 is trading 24.8% below its estimated GF Value™ of $47.32. GuruFocus considers Artisan Partners Asset Management to be Modestly Undervalued.

Key valuation signals for APAM:

  • EBIT: $487 Mil
  • GF Value™: $47.32 vs. price of $35.57 (24.8% below fair value)
  • GF Score™: 80/100 with 3 warning signs

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

Other Exchanges AP0:Germany
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.
80GF Score

Get the complete analysis for APAM

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

$35.57
Price
$47.32
GF Value