APAM (Artisan Partners Asset Management) Scaled Net Operating Assets: 0.33 (As of Mar. 2026)


APAM Artisan Partners Asset Management Inc APAM
80 GF Score
Price $35.57
GF Value $47.32
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Artisan Partners Asset Management Scaled Net Operating Assets?

Artisan Partners Asset Management APAM +2.10% 80 Scaled Net Operating Assets is 0.33 as of Mar. 2026. 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.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Artisan Partners Asset Management's operating assets for the quarter that ended in Mar. 2026 was $1,141 Mil. Artisan Partners Asset Management's operating liabilities for the quarter that ended in Mar. 2026 was $618 Mil. Artisan Partners Asset Management's Total Assets for the quarter that ended in Dec. 2025 was $1,577 Mil. Therefore, Artisan Partners Asset Management's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.33.


Artisan Partners Asset Management Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Artisan Partners Asset Management's Scaled Net Operating Assets 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 Scaled Net Operating Assets Chart

Artisan Partners Asset Management Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.44 0.49 0.60 0.56 0.52

Artisan Partners Asset Management Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Scaled Net Operating Assets 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 0.34 0.43 0.46 0.53 0.33

APAM vs NVG, AAMI, GDV: Scaled Net Operating Assets Comparison

For the Asset Management subindustry, Artisan Partners Asset Management's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Scaled Net Operating Assets vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Artisan Partners Asset Management's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Artisan Partners Asset Management's Scaled Net Operating Assets falls into.


APAM
80GF Score
Artisan Partners Asset Management Inc APAM
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Artisan Partners Asset Management Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Artisan Partners Asset Management's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(1321.786-484.852)/1618.756
=0.52

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1577.292 - 255.506
=1321.786

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=794.873 - 310.021 - 0
=484.852

Artisan Partners Asset Management's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(1140.75-618.252)/1577.292
=0.33

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1441.195 - 300.445
=1140.75

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=927.61 - 309.358 - 0
=618.252

* 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 Scaled Net Operating Assets of 0.33 mean?
Artisan Partners Asset Management (APAM) has a Scaled Net Operating Assets of 0.33 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Artisan Partners Asset Management and its competitors.
Is Artisan Partners Asset Management's Scaled Net Operating Assets too high?
Artisan Partners Asset Management's current Scaled Net Operating Assets is 0.33. 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 Scaled Net Operating Assets compare to NVG and AAMI?
Artisan Partners Asset Management's Scaled Net Operating Assets of 0.33 can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for an Asset Management company?
A good Scaled Net Operating Assets depends on the Asset Management industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Artisan Partners Asset Management and its competitors. Artisan Partners Asset Management's current Scaled Net Operating Assets is 0.33. 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 Scaled Net Operating Assets is 0.33. 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 Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Artisan Partners Asset Management (APAM), the current Scaled Net Operating Assets is 0.33 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:

  • Scaled Net Operating Assets: 0.33
  • GF Value™: $47.32 vs. price of $35.57 (24.8% below fair value)
  • GF Score™: 80/100 with 3 warning signs

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.
80GF Score

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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$35.57
Price
$47.32
GF Value