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Affiliated Managers GroupFRA:AFS 83 Shiller PE Ratio is 22.97 as of Sep. 14, 2026, which is 40% above its 10-year median of 16.42. GuruFocus rates FRA:AFS with a GF Score™ of 83/100 and a GF Value™ of €243.37. The stock has 6 warning signs investors should review. Among 786 Asset Management companies, Affiliated Managers Group ranks worse than 80.41% on this metric.
The historical rank and industry rank for Affiliated Managers Group's Shiller PE Ratio or its related term are showing as below:
FRA:AFS'
s Shiller PE Ratio Range Over the Past 10 Years
Min: 7.74 Med: 16.42 Max: 38.51
Current: 23.66
During the past years, Affiliated Managers Group's highest Shiller PE Ratio was 38.51. The lowest was 7.74. And the median was 16.42.
FRA:AFS's Shiller PE Ratio is ranked worse than 80.41% of 786
companies
in the Asset Management industry
Industry Median: 12.805
vs FRA:AFS: 23.66
E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.
Affiliated Managers Group's adjusted earnings per share data for the three months ended in Jun. 2026 was €6.033. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is €13.32 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Affiliated Managers Group (FRA:AFS) Shiller PE Ratio Explanation
Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.
Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.
Be Aware
Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.
Affiliated Managers Group Shiller PE Ratio Related Terms
Affiliated Managers Group Shiller PE Ratio 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.
FRA:AFS vs TPG, OWL, MAAS: Shiller PE Ratio Comparison
For the Asset Management subindustry, Affiliated Managers Group's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio 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 Shiller PE Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Affiliated Managers Group's Shiller PE Ratio distribution charts can be found below:
* The bar in red indicates where Affiliated Managers Group's Shiller PE Ratio falls into.
Affiliated Managers Group Shiller PE Ratio Calculation
For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.
* 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.
Add all the adjusted EPS together and divide 10 will get our E10.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
Affiliated Managers Group (FRA:AFS) has a Shiller PE Ratio of 22.97 as of Sep. 14, 2026. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Affiliated Managers Group and its competitors. This is 40% above median its historical median of 16.42. Over the past decade, Affiliated Managers Group's Shiller PE Ratio has ranged from 7.74 to 38.51. According to the industry distribution chart, Affiliated Managers Group ranks #632 out of 786 companies in the Asset Management industry, placing it in the top 80.4%.
Is Affiliated Managers Group's Shiller PE Ratio too high?
Affiliated Managers Group's current Shiller PE Ratio of 22.97 is 40% above median its 10-year median of 16.42. Over the past 10 years, this metric has ranged from a low of 7.74 to a high of 38.51. The Asset Management industry median Shiller PE Ratio is 12.81. Affiliated Managers Group's value of 22.97 is 79.4% above this industry median. Based on the distribution chart, Affiliated Managers Group ranks #632 out of 786 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Affiliated Managers Group has a GF Score™ of 83/100, reflecting its overall financial health beyond just this single metric.
How does Affiliated Managers Group's Shiller PE Ratio compare to TPG and OWL?
According to the Asset Management industry distribution chart, Affiliated Managers Group ranks #632 out of 786 companies for Shiller PE Ratio. This places Affiliated Managers Group in the lower half of its industry. The industry median Shiller PE Ratio is 12.81. Affiliated Managers Group's value of 22.97 is 79.4% above this benchmark. Historically, Affiliated Managers Group's own Shiller PE Ratio has ranged from 7.74 to 38.51 over the past decade. While the company's 10-year median is 16.42 vs. the industry median of 12.81, 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 Shiller PE Ratio for an Asset Management company?
The median Shiller PE Ratio among Asset Management companies is 12.81, based on 786 companies in the industry. Companies in the top quartile (top 25%) have a Shiller PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Shiller PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Affiliated Managers Group's current Shiller PE Ratio of 22.97 is 79.4% 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 Shiller PE Ratio mean?
A high Shiller PE Ratio can signal that a stock is expensive relative to its fundamentals. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Affiliated Managers Group and its competitors. For the Asset Management industry, the median Shiller PE Ratio is 12.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Affiliated Managers Group's current Shiller PE Ratio is 22.97, which is 40% above median its own 10-year median of 16.42. 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?
Affiliated Managers Group (FRA:AFS) has a current Shiller PE Ratio of 22.97. The stock's GF Value™ is €243.37, compared to a current price of €306.00 — trading 25.7% above its estimated fair value. The current Shiller PE Ratio is 22.97, which is 40% above median its 10-year median of 16.42 and 79.4% above the Asset Management industry median of 12.81. Affiliated Managers Group's overall GF Score™ is 83/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shiller PE Ratio calculated?
Shiller PE Ratio is calculated from a company's financial statements. For Affiliated Managers Group (FRA:AFS), the current Shiller PE Ratio is 22.97 as of Sep. 14, 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 €306.00 is trading 25.7% above its estimated GF Value™ of €243.37.
Key valuation signals for FRA:AFS:
Shiller PE Ratio: 22.97 (40% above median its 10-year median of 16.42)
GF Value™: €243.37 vs. price of €306.00 (25.7% above fair value)
Industry Position: 79.4% above the Asset Management median (#632 of 786)
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.
83GF Score
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