Is Affiliated Managers Group, Inc. overvalued or undervalued?

As of 30 June 2025, the valuation grade for Affiliated Managers Group, Inc. moved from expensive to fair, indicating a more favorable assessment of its market position. The company appears fairly valued based on its current metrics, with a P/E ratio of 19, a Price to Book Value of 2.64, and an EV to EBITDA of 10.74. In comparison to peers, Franklin Resources, Inc. has a lower P/E of 14.94 and a more attractive EV to EBITDA of 5.52, while Stifel Financial Corp. shows a P/E of 18.08, suggesting that Affiliated Managers Group is positioned competitively within the industry.
The company's stock has outperformed the S&P 500 across multiple time frames, with a year-to-date return of 32.13% compared to the S&P 500's 12.22%, reinforcing the notion that it is fairly valued in the current market context.