ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
Artisan Partners Asset Management ROE % Related Terms
Artisan Partners Asset Management ROE % 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, Artisan Partners Asset Management's ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Artisan Partners Asset Management's ROE % distribution charts can be found below:
* The bar in red indicates where Artisan Partners Asset Management's ROE % falls into.
* 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.
In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Artisan Partners Asset Management (APAM) has a ROE % of 56.09% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Artisan Partners Asset Management and its competitors. This is 26% below median its historical median of 76.31. Over the past decade, Artisan Partners Asset Management's ROE % has ranged from 41.05 to 147.37. According to the industry distribution chart, Artisan Partners Asset Management ranks #29 out of 1612 companies in the Asset Management industry, placing it in the top 1.8%.
Is Artisan Partners Asset Management's ROE % too high?
Artisan Partners Asset Management's current ROE % of 56.09% is 26% below median its 10-year median of 76.31. Over the past 10 years, this metric has ranged from a low of 41.05 to a high of 147.37. The Asset Management industry median ROE % is 6.40. Artisan Partners Asset Management's value of 56.09% is 777.1% above this industry median. Based on the distribution chart, Artisan Partners Asset Management ranks #29 out of 1612 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. 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 ROE % compare to NVG and AAMI?
According to the Asset Management industry distribution chart, Artisan Partners Asset Management ranks #29 out of 1612 companies for ROE %. This places Artisan Partners Asset Management in the top 2% of its industry — outperforming the majority of peers. The industry median ROE % is 6.40. Artisan Partners Asset Management's value of 56.09% is 777.1% above this benchmark. Historically, Artisan Partners Asset Management's own ROE % has ranged from 41.05 to 147.37 over the past decade. While the company's 10-year median is 76.31 vs. the industry median of 6.40, 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 ROE % for an Asset Management company?
The median ROE % among Asset Management companies is 6.40, based on 1,612 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Artisan Partners Asset Management's current ROE % of 56.09% is 777.1% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Artisan Partners Asset Management and its competitors. For the Asset Management industry, the median ROE % is 6.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Artisan Partners Asset Management's current ROE % is 56.09%, which is 26% below median its own 10-year median of 76.31. 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 ROE % is 56.09%, which is 26% below median its 10-year median of 76.31 and 777.1% above the Asset Management industry median of 6.40. 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 ROE % calculated?
ROE % is calculated from a company's financial statements. For Artisan Partners Asset Management (APAM), the current ROE % is 56.09% 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:
ROE %: 56.09% (26% below median its 10-year median of 76.31)
GF Value™: $47.32 vs. price of $35.57 (24.8% below fair value)
Industry Position: 777.1% above the Asset Management median (#29 of 1612)
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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