Affiliated Managers Group Valuation Multiples

Affiliated Managers Group Overview

About Affiliated Managers Group

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.

Founded

1993

HQ

Employees

5.6K

Website

amg.com

Sectors

Asset Management

Financials (LTM)

Revenue: $2B

EBITDA: $1B

EV

$10B

Valuation Multiples

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Affiliated Managers Group Financials

Affiliated Managers Group reported last 12-month revenue of $2B and EBITDA of $1B.

In the same LTM period, Affiliated Managers Group generated $1B in EBITDA and $799M in net income.

Affiliated Managers Group P&L

In the most recent fiscal year, Affiliated Managers Group reported revenue of $2B and EBITDA of $1B.

Affiliated Managers Group expects next 12-month revenue of XXX and NTM EBITDA of XXX

Affiliated Managers Group Stock Performance

Affiliated Managers Group has current market cap of $8B, and enterprise value of $10B.

Affiliated Managers Group's stock price is $294.98.

Affiliated Managers Group Valuation Multiples

Affiliated Managers Group trades at 4.6x EV/Revenue multiple, and 8.7x EV/EBITDA.

Affiliated Managers Group Financial Valuation Multiples

As of April 20, 2026, Affiliated Managers Group has market cap of $8B and EV of $10B.

Equity research analysts estimate Affiliated Managers Group's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Affiliated Managers Group has a P/E ratio of 9.9x.

Affiliated Managers Group Margins & Growth Rates

Affiliated Managers Group's revenue in the last 12 month grew by 10%.

Affiliated Managers Group's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.1M for the same period.

Affiliated Managers Group's rule of 40 is 66% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Affiliated Managers Group's rule of X is 81% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Affiliated Managers Group Public Comps

See public comps and valuation multiples for other Asset Management comps.

Affiliated Managers Group M&A Activity

Affiliated Managers Group acquired XXX companies to date.

Last acquisition by Affiliated Managers Group was on XXXXXXXX, XXXXX. Affiliated Managers Group acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Affiliated Managers Group Investment Activity

Affiliated Managers Group invested in XXX companies to date.

Affiliated Managers Group made its latest investment on XXXXXXXX, XXXXX. Affiliated Managers Group invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).