Artisan Partners Asset ManagementAPAM +2.10%80 ROC (Joel Greenblatt) % is 257.33% as of Mar. 2026, which is 30% below its 10-year median of 369.07. 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. Among 626 Asset Management companies, Artisan Partners Asset Management ranks better than 70.77% on this metric.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. Artisan Partners Asset Management's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 257.33%.
The historical rank and industry rank for Artisan Partners Asset Management's ROC (Joel Greenblatt) % or its related term are showing as below:
APAM'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 235.31 Med: 369.07 Max: 2839.43
Current: 371.2
During the past 13 years, Artisan Partners Asset Management's highest ROC (Joel Greenblatt) % was 2839.43%. The lowest was 235.31%. And the median was 369.07%.
APAM's ROC (Joel Greenblatt) % is ranked better than 70.77% of 626
companies
in the Asset Management industry
Industry Median: 64.34
vs APAM: 371.20
The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.
* 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.
APAM vs NVG, AAMI, GDV: ROC (Joel Greenblatt) % Comparison
For the Asset Management subindustry, Artisan Partners Asset Management's ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (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 ROC (Joel Greenblatt) % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Artisan Partners Asset Management's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Artisan Partners Asset Management's ROC (Joel Greenblatt) % falls into.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:
EBIT stands for Earnings Before Interest and Taxes.
Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.
GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.
Note:
The EBIT data used here is four times the quarterly (Mar. 2026) EBIT 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.
What does a ROC (Joel Greenblatt) % of 257.33% mean?
Artisan Partners Asset Management (APAM) has a ROC (Joel Greenblatt) % of 257.33% as of Mar. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Artisan Partners Asset Management and its competitors. This is 30% below median its historical median of 369.07. Over the past decade, Artisan Partners Asset Management's ROC (Joel Greenblatt) % has ranged from 235.31 to 2,839.43. According to the industry distribution chart, Artisan Partners Asset Management ranks #183 out of 626 companies in the Asset Management industry, placing it in the top 29.2%.
Is Artisan Partners Asset Management's ROC (Joel Greenblatt) % too high?
Artisan Partners Asset Management's current ROC (Joel Greenblatt) % of 257.33% is 30% below median its 10-year median of 369.07. Over the past 10 years, this metric has ranged from a low of 235.31 to a high of 2,839.43. The Asset Management industry median ROC (Joel Greenblatt) % is 64.34. Artisan Partners Asset Management's value of 257.33% is 300% above this industry median. Based on the distribution chart, Artisan Partners Asset Management ranks #183 out of 626 companies in the Asset Management industry, which is above the industry midpoint. 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 ROC (Joel Greenblatt) % compare to NVG and AAMI?
According to the Asset Management industry distribution chart, Artisan Partners Asset Management ranks #183 out of 626 companies for ROC (Joel Greenblatt) %. This puts Artisan Partners Asset Management in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 64.34. Artisan Partners Asset Management's value of 257.33% is 300% above this benchmark. Historically, Artisan Partners Asset Management's own ROC (Joel Greenblatt) % has ranged from 235.31 to 2,839.43 over the past decade. While the company's 10-year median is 369.07 vs. the industry median of 64.34, 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 ROC (Joel Greenblatt) % for an Asset Management company?
The median ROC (Joel Greenblatt) % among Asset Management companies is 64.34, based on 626 companies in the industry. Companies in the top quartile (top 25%) have a ROC (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Artisan Partners Asset Management's current ROC (Joel Greenblatt) % of 257.33% is 300% 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 ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Artisan Partners Asset Management and its competitors. For the Asset Management industry, the median ROC (Joel Greenblatt) % is 64.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Artisan Partners Asset Management's current ROC (Joel Greenblatt) % is 257.33%, which is 30% below median its own 10-year median of 369.07. 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 ROC (Joel Greenblatt) % is 257.33%, which is 30% below median its 10-year median of 369.07 and 300% above the Asset Management industry median of 64.34. 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 ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For Artisan Partners Asset Management (APAM), the current ROC (Joel Greenblatt) % is 257.33% 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:
ROC (Joel Greenblatt) %: 257.33% (30% below median its 10-year median of 369.07)
GF Value™: $47.32 vs. price of $35.57 (24.8% below fair value)
Industry Position: 300% above the Asset Management median (#183 of 626)
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.
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