AGF Management (FRA:A3J) Interest Coverage: 25.04 (As of May. 2026) — 135% 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.

FRA:A3J AGF Management Ltd FRA:A3J
68 GF Score
Price €13.70
GF Value €7.97
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is AGF Management Interest Coverage?

AGF Management FRA:A3J -1.44% 68 Interest Coverage is 25.04 as of May. 2026, which is 135% above its 10-year median of 10.67. GuruFocus rates FRA:A3J with a GF Score™ of 68/100 and a GF Value™ of €7.97 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 476 Asset Management companies, AGF Management ranks worse than 57.77% on this metric.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. AGF Management's Operating Income for the three months ended in May. 2026 was €23.8 Mil. AGF Management's Interest Expense for the three months ended in May. 2026 was €-1.0 Mil. AGF Management's interest coverage for the quarter that ended in May. 2026 was 25.04. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for AGF Management's Interest Coverage or its related term are showing as below:

FRA:A3J' s Interest Coverage Range Over the Past 10 Years
Min: 4.25   Med: 10.67   Max: 24.48
Current: 23.43


FRA:A3J's Interest Coverage is ranked worse than
57.77% of 476 companies
in the Asset Management industry
Industry Median: 50.295 vs FRA:A3J: 23.43

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


AGF Management  (FRA:A3J) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .


AGF Management Interest Coverage Related Terms


AGF Management Interest Coverage Historical Data

* Premium members only.

The historical data trend for AGF Management's Interest Coverage 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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

AGF Management Interest Coverage Chart

AGF Management Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.06 24.48 18.12 12.50 19.86

AGF Management Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
Interest Coverage 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 16.44 18.72 25.87 24.71 25.04

FRA:A3J vs BLK, BX, KKR: Interest Coverage Comparison

For the Asset Management subindustry, AGF Management's Interest Coverage, along with its competitors' market caps and Interest Coverage 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.


AGF Management Interest Coverage vs Asset Management Industry

For the Asset Management industry and Financial Services sector, AGF Management's Interest Coverage distribution charts can be found below:

* The bar in red indicates where AGF Management's Interest Coverage falls into.


FRA:A3J
68GF Score
AGF Management Ltd FRA:A3J
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

AGF Management Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

AGF Management's Interest Coverage for the fiscal year that ended in Nov. 2025 is calculated as

Here, for the fiscal year that ended in Nov. 2025, AGF Management's Interest Expense was €-3.6 Mil. Its Operating Income was €70.5 Mil. And its Long-Term Debt & Capital Lease Obligation was €70.9 Mil.

Interest Coverage=-1* Operating Income (A: Nov. 2025 )/Interest Expense (A: Nov. 2025 )
=-1*70.52/-3.55
=19.86

AGF Management's Interest Coverage for the quarter that ended in May. 2026 is calculated as

Here, for the three months ended in May. 2026, AGF Management's Interest Expense was €-1.0 Mil. Its Operating Income was €23.8 Mil. And its Long-Term Debt & Capital Lease Obligation was €112.0 Mil.

Interest Coverage=-1* Operating Income (Q: May. 2026 )/Interest Expense (Q: May. 2026 )
=-1*23.785/-0.95
=25.04

* 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.

The higher the ratio, the stronger the company's Financial Strength is.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 25.04 mean?
AGF Management (FRA:A3J) has a Interest Coverage of 25.04 as of May. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on AGF Management and its competitors. This is 135% above median its historical median of 10.67. Over the past decade, AGF Management's Interest Coverage has ranged from 4.25 to 24.48. According to the industry distribution chart, AGF Management ranks #275 out of 476 companies in the Asset Management industry, placing it in the top 57.8%.
Is AGF Management's Interest Coverage too high?
AGF Management's current Interest Coverage of 25.04 is 135% above median its 10-year median of 10.67. Over the past 10 years, this metric has ranged from a low of 4.25 to a high of 24.48. The Asset Management industry median Interest Coverage is 50.30. AGF Management's value of 25.04 is 50.2% below this industry median. Based on the distribution chart, AGF Management ranks #275 out of 476 companies in the Asset Management industry, which is below the industry midpoint. Overall, AGF Management has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does AGF Management's Interest Coverage compare to BLK and BX?
According to the Asset Management industry distribution chart, AGF Management ranks #275 out of 476 companies for Interest Coverage. This places AGF Management in the lower half of its industry. The industry median Interest Coverage is 50.30. AGF Management's value of 25.04 is 50.2% below this benchmark. Historically, AGF Management's own Interest Coverage has ranged from 4.25 to 24.48 over the past decade. While the company's 10-year median is 10.67 vs. the industry median of 50.30, AGF 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 Interest Coverage for an Asset Management company?
The median Interest Coverage among Asset Management companies is 50.30, based on 476 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. AGF Management's current Interest Coverage of 25.04 is 50.2% 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 Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on AGF Management and its competitors. For the Asset Management industry, the median Interest Coverage is 50.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AGF Management's current Interest Coverage is 25.04, which is 135% above median its own 10-year median of 10.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AGF Management stock overvalued right now?
Based on GuruFocus' analysis, AGF Management (FRA:A3J) is currently considered Significantly Overvalued. The stock's GF Value™ is €7.97, compared to a current price of €13.70 — trading 71.9% above its estimated fair value. The current Interest Coverage is 25.04, which is 135% above median its 10-year median of 10.67 and 50.2% below the Asset Management industry median of 50.30. AGF Management's overall GF Score™ is 68/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For AGF Management (FRA:A3J), the current Interest Coverage is 25.04 as of May. 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 AGF Management (FRA:A3J) Overvalued in 2026?

Based on GuruFocus' analysis, AGF Management stock appears to be overvalued. The current stock price of €13.70 is trading 71.9% above its estimated GF Value™ of €7.97. GuruFocus considers AGF Management to be Significantly Overvalued.

Key valuation signals for FRA:A3J:

  • Interest Coverage: 25.04 (135% above median its 10-year median of 10.67)
  • GF Value™: €7.97 vs. price of €13.70 (71.9% above fair value)
  • GF Score™: 68/100 with 8 warning signs
  • Industry Position: 50.2% below the Asset Management median (#275 of 476)

No single metric tells the full story. See the FRA:A3J stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


AGF Management Business Description

Other Exchanges AGFMF:USAAGF.B:Canada
Address 81 Bay Street, Suite 3900, CIBC SQUARE, Tower One, Toronto, ON, CAN, M5J 0G1
AGF Management is a Canadian-based independent asset manager. As of November 2025, the firm had CAD 60.4 billion in total assets under management with CAD 35.0 billion in retail mutual funds, CAD 9.5 billion in high net-worth private wealth, and the remaining in institutional, ETF, and private assets. AGF Management's funds are weighted toward equities with roughly three-quarters of the firm's retail AUM tied to equities.
68GF Score

Get the complete analysis for FRA:A3J

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

€13.70
Price
€7.97
GF Value