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Affiliated Managers GroupFRA:AFS +0.66%85 EV-to-EBIT is 9.69 as of Jul. 26, 2026, which is 2% below its 10-year median of 9.86. GuruFocus rates FRA:AFS with a GF Score™ of 85/100 and a GF Value™ of €213.84 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 497 Asset Management companies, Affiliated Managers Group ranks better than 50.1% on this metric.
Affiliated Managers Group (FRA:AFS) EV-to-EBIT Explanation
This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.
Affiliated Managers Group's Enterprise Value for the quarter that ended in Mar. 2026 was €9,455 Mil.
Affiliated Managers Group'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 €1,194 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.
Affiliated Managers Group EV-to-EBIT Related Terms
Affiliated Managers Group EV-to-EBIT Historical Data
* 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, Affiliated Managers Group'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.
Affiliated Managers Group EV-to-EBIT vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Affiliated Managers Group's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Affiliated Managers Group's EV-to-EBIT falls into.
Affiliated Managers Group's current Enterprise Value is €11,571 Mil.
Affiliated Managers Group'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 €1,194 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.
Affiliated Managers Group (FRA:AFS) has a EV-to-EBIT of 9.69 as of Jul. 26, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Affiliated Managers Group and its competitors. This is near median its historical median of 9.86. Over the past decade, Affiliated Managers Group's EV-to-EBIT has ranged from 3.90 to 31.70. According to the industry distribution chart, Affiliated Managers Group ranks #248 out of 497 companies in the Asset Management industry, placing it in the top 49.9%.
Is Affiliated Managers Group's EV-to-EBIT too high?
Affiliated Managers Group's current EV-to-EBIT of 9.69 is near median its 10-year median of 9.86. Over the past 10 years, this metric has ranged from a low of 3.90 to a high of 31.70. The Asset Management industry median EV-to-EBIT is 9.49. Affiliated Managers Group's value of 9.69 is 2.1% above this industry median. Based on the distribution chart, Affiliated Managers Group ranks #248 out of 497 companies in the Asset Management industry, which is above the industry midpoint. Overall, Affiliated Managers Group has a GF Score™ of 85/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Affiliated Managers Group's EV-to-EBIT compare to JHG and PDI?
According to the Asset Management industry distribution chart, Affiliated Managers Group ranks #248 out of 497 companies for EV-to-EBIT. This puts Affiliated Managers Group in the upper half of its industry. The industry median EV-to-EBIT is 9.49. Affiliated Managers Group's value of 9.69 is 2.1% above this benchmark. Historically, Affiliated Managers Group's own EV-to-EBIT has ranged from 3.90 to 31.70 over the past decade. While the company's 10-year median is 9.86 vs. the industry median of 9.49, Affiliated Managers Group has consistently been above 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 EV-to-EBIT for an Asset Management company?
The median EV-to-EBIT among Asset Management companies is 9.49, based on 497 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Affiliated Managers Group's current EV-to-EBIT of 9.69 is 2.1% above 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 EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Affiliated Managers Group and its competitors. For the Asset Management industry, the median EV-to-EBIT is 9.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Affiliated Managers Group's current EV-to-EBIT is 9.69, which is near median its own 10-year median of 9.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Affiliated Managers Group stock overvalued right now?
Based on GuruFocus' analysis, Affiliated Managers Group (FRA:AFS) is currently considered Significantly Overvalued. The stock's GF Value™ is €213.84, compared to a current price of €304.00 — trading 42.2% above its estimated fair value. The current EV-to-EBIT is 9.69, which is near median its 10-year median of 9.86 and 2.1% above the Asset Management industry median of 9.49. Affiliated Managers Group's overall GF Score™ is 85/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For Affiliated Managers Group (FRA:AFS), the current EV-to-EBIT is 9.69 as of Jul. 26, 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 Affiliated Managers Group (FRA:AFS) Overvalued in 2026?
Based on GuruFocus' analysis, Affiliated Managers Group stock appears to be overvalued.
The current stock price of €304.00 is trading 42.2% above its estimated GF Value™ of €213.84.
GuruFocus considers Affiliated Managers Group to be Significantly Overvalued.
Key valuation signals for FRA:AFS:
EV-to-EBIT: 9.69 (near median its 10-year median of 9.86)
GF Value™: €213.84 vs. price of €304.00 (42.2% above fair value)
Industry Position: 2.1% above the Asset Management median (#248 of 497)
No single metric tells the full story. See the FRA:AFS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
85GF Score
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