Is Affiliated Managers Group, Inc. overvalued or undervalued?

As of 4 November 2024, the valuation grade for Affiliated Managers Group, Inc. has moved from attractive to fair. The company is currently fairly valued based on its financial metrics. The P/E ratio stands at 19, while the Price to Book Value is 2.64, and the EV to EBITDA ratio is 10.74. In comparison with its peers, The Carlyle Group Inc. has a more attractive P/E ratio of 15.35 and an EV to EBITDA of 8.50, indicating that Affiliated Managers Group, Inc. is priced higher relative to its earnings and cash flow generation capabilities. Ares Capital Corp. also shows a very attractive valuation with a P/E of 11.26 and an EV to EBITDA of 6.61. Notably, while Affiliated Managers Group, Inc. has outperformed the S&P 500 over the past year with a return of 16.90% compared to 10.26%, its current valuation suggests limited upside potential in the near term.