APAM (Artisan Partners Asset Management) Intrinsic Value: Projected FCF: $50.10 (As of Aug. 12, 2026) — 6763% Above Median

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APAM Artisan Partners Asset Management Inc APAM
74 GF Score
Price $41.78
GF Value $47.67
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Artisan Partners Asset Management Intrinsic Value: Projected FCF?

Artisan Partners Asset Management APAM -3.55% 74 Intrinsic Value: Projected FCF is $50.10 as of Aug. 12, 2026, which is 6763% above its 10-year median of 0.73. GuruFocus rates APAM with a GF Score™ of 74/100 and a GF Value™ of $47.67 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,204 Asset Management companies, Artisan Partners Asset Management ranks better than 53.49% on this metric.

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2026-08-12), Artisan Partners Asset Management's Intrinsic Value: Projected FCF is $50.10. The stock price of Artisan Partners Asset Management is $41.78. Therefore, Artisan Partners Asset Management's Price-to-Intrinsic-Value-Projected-FCF of today is 0.8.

The historical rank and industry rank for Artisan Partners Asset Management's Intrinsic Value: Projected FCF or its related term are showing as below:

APAM' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.34   Med: 0.73   Max: 1.03
Current: 0.83

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Artisan Partners Asset Management was 1.03. The lowest was 0.34. And the median was 0.73.

APAM's Price-to-Projected-FCF is ranked better than
53.49% of 1204 companies
in the Asset Management industry
Industry Median: 0.92 vs APAM: 0.83

Artisan Partners Asset Management  (NYSE:APAM) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Artisan Partners Asset Management's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=41.78/50.09938935295
=0.83

* 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 Intrinsic Value: Projected FCF Related Terms


Artisan Partners Asset Management Intrinsic Value: Projected FCF Historical Data

* Premium members only.

The historical data trend for Artisan Partners Asset Management's Intrinsic Value: Projected FCF 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 Intrinsic Value: Projected FCF Chart

Artisan Partners Asset Management Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 48.76 47.56 47.09 48.87 47.41

Artisan Partners Asset Management Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Intrinsic Value: Projected FCF 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 51.25 50.58 47.41 50.00 50.10

APAM vs NAD, AAMI, JPC: Intrinsic Value: Projected FCF Comparison

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

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

* The bar in red indicates where Artisan Partners Asset Management's Price-to-Projected-FCF falls into.


APAM
74GF Score
Artisan Partners Asset Management Inc APAM
Intrinsic Value: Projected FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Artisan Partners Asset Management Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Artisan Partners Asset Management's Free Cash Flow(6 year avg) = $313.89.

Artisan Partners Asset Management's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Jun26)*0.8)/Shares Outstanding (Diluted Average)
=(9.5203515959648*313.89184+420.043*0.8)/66.356
=50.10

* 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.

What does a Intrinsic Value: Projected FCF of $50.10 mean?
Artisan Partners Asset Management (APAM) has a Intrinsic Value: Projected FCF of $50.10 as of Aug. 12, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Artisan Partners Asset Management and its competitors. This is 6763% above median its historical median of 0.73. Over the past decade, Artisan Partners Asset Management's Intrinsic Value: Projected FCF has ranged from 0.34 to 1.03. According to the industry distribution chart, Artisan Partners Asset Management ranks #560 out of 1204 companies in the Asset Management industry, placing it in the top 46.5%.
Is Artisan Partners Asset Management's Intrinsic Value: Projected FCF too high?
Artisan Partners Asset Management's current Intrinsic Value: Projected FCF of $50.10 is 6763% above median its 10-year median of 0.73. Over the past 10 years, this metric has ranged from a low of 0.34 to a high of 1.03. The Asset Management industry median Intrinsic Value: Projected FCF is 0.92. Artisan Partners Asset Management's value of $50.10 is 5345.7% above this industry median. Based on the distribution chart, Artisan Partners Asset Management ranks #560 out of 1204 companies in the Asset Management industry, which is above the industry midpoint. Overall, Artisan Partners Asset Management has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Artisan Partners Asset Management's Intrinsic Value: Projected FCF compare to NAD and AAMI?
According to the Asset Management industry distribution chart, Artisan Partners Asset Management ranks #560 out of 1204 companies for Intrinsic Value: Projected FCF. This puts Artisan Partners Asset Management in the upper half of its industry. The industry median Intrinsic Value: Projected FCF is 0.92. Artisan Partners Asset Management's value of $50.10 is 5345.7% above this benchmark. Historically, Artisan Partners Asset Management's own Intrinsic Value: Projected FCF has ranged from 0.34 to 1.03 over the past decade. While the company's 10-year median is 0.73 vs. the industry median of 0.92, Artisan Partners Asset Management 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 Intrinsic Value: Projected FCF for an Asset Management company?
The median Intrinsic Value: Projected FCF among Asset Management companies is 0.92, based on 1,204 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Artisan Partners Asset Management's current Intrinsic Value: Projected FCF of $50.10 is 5345.7% 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 Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Artisan Partners Asset Management and its competitors. For the Asset Management industry, the median Intrinsic Value: Projected FCF is 0.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Artisan Partners Asset Management's current Intrinsic Value: Projected FCF is $50.10, which is 6763% above median its own 10-year median of 0.73. 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 $47.67, compared to a current price of $41.78 — trading 12.4% below its estimated fair value. The current Intrinsic Value: Projected FCF is $50.10, which is 6763% above median its 10-year median of 0.73 and 5345.7% above the Asset Management industry median of 0.92. Artisan Partners Asset Management's overall GF Score™ is 74/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Artisan Partners Asset Management (APAM), the current Intrinsic Value: Projected FCF is $50.10 as of Aug. 12, 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 $41.78 is trading 12.4% below its estimated GF Value™ of $47.67. GuruFocus considers Artisan Partners Asset Management to be Modestly Undervalued.

Key valuation signals for APAM:

  • Intrinsic Value: Projected FCF: $50.10 (6763% above median its 10-year median of 0.73)
  • GF Value™: $47.67 vs. price of $41.78 (12.4% below fair value)
  • GF Score™: 74/100 with 4 warning signs
  • Industry Position: 5345.7% above the Asset Management median (#560 of 1204)

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.
74GF Score

Get the complete analysis for APAM

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

$41.78
Price
$47.67
GF Value