Affiliated Managers Group (FRA:AFS) Total Operating Expense: €479 Mil (TTM As of Mar. 2026)


FRA:AFS Affiliated Managers Group Inc FRA:AFS
82 GF Score
Price €296.00
GF Value €216.74
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Affiliated Managers Group Total Operating Expense?

Affiliated Managers Group FRA:AFS -1.33% 82 Total Operating Expense is €479 Mil as of Mar. 2026. GuruFocus rates FRA:AFS with a GF Score™ of 82/100 and a GF Value™ of €216.74 (Significantly Overvalued). The stock has 8 warning signs investors should review.

Affiliated Managers Group's Total Operating Expense for the three months ended in Mar. 2026 was €138 Mil. Affiliated Managers Group's Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 was €479 Mil.

Affiliated Managers Group Total Operating Expense Related Terms

Affiliated Managers Group Total Operating Expense Historical Data

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The historical data trend for Affiliated Managers Group's Total Operating Expense 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 Total Operating Expense Chart

Affiliated Managers Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 353.47 427.54 384.68 400.05 494.72

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
Total Operating Expense 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 167.24 90.60 93.21 157.65 137.62
FRA:AFS
82GF Score
Affiliated Managers Group Inc FRA:AFS
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Affiliated Managers Group Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €479 Mil.

* 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 Total Operating Expense of €479 Mil mean?
Affiliated Managers Group (FRA:AFS) has a Total Operating Expense of €479 Mil as of Mar. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on Affiliated Managers Group and its competitors.
Is Affiliated Managers Group's Total Operating Expense too high?
Affiliated Managers Group's current Total Operating Expense is €479 Mil. Overall, Affiliated Managers Group has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Affiliated Managers Group's Total Operating Expense compare to JHG and PDI?
Affiliated Managers Group's Total Operating Expense of €479 Mil 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 Total Operating Expense for an Asset Management company?
A good Total Operating Expense depends on the Asset Management industry context. However, Total Operating Expense 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 Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on Affiliated Managers Group and its competitors. Affiliated Managers Group's current Total Operating Expense is €479 Mil. 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 €216.74, compared to a current price of €296.00 — trading 36.6% above its estimated fair value. The current Total Operating Expense is €479 Mil. Affiliated Managers Group's overall GF Score™ is 82/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For Affiliated Managers Group (FRA:AFS), the current Total Operating Expense is €479 Mil 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 €296.00 is trading 36.6% above its estimated GF Value™ of €216.74. GuruFocus considers Affiliated Managers Group to be Significantly Overvalued.

Key valuation signals for FRA:AFS:

  • Total Operating Expense: €479 Mil
  • GF Value™: €216.74 vs. price of €296.00 (36.6% above fair value)
  • GF Score™: 82/100 with 8 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.
82GF Score

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

€296.00
Price
€216.74
GF Value