Affiliated Managers Group (FRA:AFS) Tax Rate %: 24.11% (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:AFS Affiliated Managers Group Inc FRA:AFS
79 GF Score
Price €314.00
GF Value €214.34
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Affiliated Managers Group Tax Rate %?

Affiliated Managers Group FRA:AFS -1.88% 79 Tax Rate % is 24.11% as of Mar. 2026. GuruFocus rates FRA:AFS with a GF Score™ of 79/100 and a GF Value™ of €214.34 (Significantly Overvalued). The stock has 7 warning signs investors should review.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Affiliated Managers Group's Tax Expense for the three months ended in Mar. 2026 was €40 Mil. Affiliated Managers Group's Pre-Tax Income for the three months ended in Mar. 2026 was €167 Mil. Therefore, Affiliated Managers Group's Tax Rate % for the quarter that ended in Mar. 2026 was 24.11%.

Affiliated Managers Group Tax Rate % Related Terms

Affiliated Managers Group Tax Rate % Historical Data

* Premium members only.

The historical data trend for Affiliated Managers Group's Tax Rate % 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.

Affiliated Managers Group Tax Rate % Chart

Affiliated Managers Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.00 20.52 16.98 19.78 23.80

Affiliated Managers Group Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Tax Rate % 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 21.64 20.80 19.75 28.09 24.11
FRA:AFS
79GF Score
Affiliated Managers Group Inc FRA:AFS
Tax Rate % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Affiliated Managers Group Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Affiliated Managers Group's Tax Rate % for the fiscal year that ended in Dec. 2025 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2025 )/Pre-Tax Income (A: Dec. 2025 )
=241.084/1013.1
=23.80 %

Affiliated Managers Group's Tax Rate % for the quarter that ended in Mar. 2026 is calculated as

Tax Rate %=Tax Expense (Q: Mar. 2026 )/Pre-Tax Income (Q: Mar. 2026 )
=40.222/166.858
=24.11 %

* 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.

Frequently Asked Questions Learn more about Tax Rate % →
What does a Tax Rate % of 24.11% mean?
Affiliated Managers Group (FRA:AFS) has a Tax Rate % of 24.11% as of Mar. 2026.
Is Affiliated Managers Group's Tax Rate % too high?
Affiliated Managers Group's current Tax Rate % is 24.11%. Overall, Affiliated Managers Group has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Affiliated Managers Group's Tax Rate % compare to JHG and PDI?
Affiliated Managers Group's Tax Rate % of 24.11% 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 Tax Rate % for an Asset Management company?
A good Tax Rate % depends on the Asset Management industry context. However, Tax Rate % 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 Tax Rate % mean?
A high Tax Rate % can signal that a stock is expensive relative to its fundamentals. Affiliated Managers Group's current Tax Rate % is 24.11%. 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?
Based on GuruFocus' analysis, Affiliated Managers Group (FRA:AFS) is currently considered Significantly Overvalued. The stock's GF Value™ is €214.34, compared to a current price of €314.00 — trading 46.5% above its estimated fair value. The current Tax Rate % is 24.11%. Affiliated Managers Group's overall GF Score™ is 79/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Tax Rate % calculated?
Tax Rate % is calculated from a company's financial statements. For Affiliated Managers Group (FRA:AFS), the current Tax Rate % is 24.11% 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 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 €314.00 is trading 46.5% above its estimated GF Value™ of €214.34. GuruFocus considers Affiliated Managers Group to be Significantly Overvalued.

Key valuation signals for FRA:AFS:

  • Tax Rate %: 24.11%
  • GF Value™: €214.34 vs. price of €314.00 (46.5% above fair value)
  • GF Score™: 79/100 with 7 warning signs

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 Business Description

Other Exchanges AMG:USA0HAQ:UK
Address 777 South Flagler Drive, West Palm Beach, FL, USA, 33401
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.
79GF Score

Get the complete analysis for FRA:AFS

Tax Rate % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€314.00
Price
€214.34
GF Value