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Affiliated Managers Group (Affiliated Managers Group) Cyclically Adjusted Price-to-FCF : 6.33 (As of Apr. 27, 2024)


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What is Affiliated Managers Group Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Affiliated Managers Group's current share price is $160.20. Affiliated Managers Group's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $25.31. Affiliated Managers Group's Cyclically Adjusted Price-to-FCF for today is 6.33.

The historical rank and industry rank for Affiliated Managers Group's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

AMG' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 2.64   Med: 8.22   Max: 22.48
Current: 6.31

During the past years, Affiliated Managers Group's highest Cyclically Adjusted Price-to-FCF was 22.48. The lowest was 2.64. And the median was 8.22.

AMG's Cyclically Adjusted Price-to-FCF is ranked better than
79.09% of 507 companies
in the Asset Management industry
Industry Median: 20.19 vs AMG: 6.31

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Affiliated Managers Group's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $6.212. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $25.31 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Affiliated Managers Group Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Affiliated Managers Group's Cyclically Adjusted Price-to-FCF 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.

* Premium members only.

Affiliated Managers Group Cyclically Adjusted Price-to-FCF Chart

Affiliated Managers Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.59 5.15 7.36 6.43 5.98

Affiliated Managers Group Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted Price-to-FCF 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 6.43 5.68 6.01 5.17 5.98

Competitive Comparison of Affiliated Managers Group's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, Affiliated Managers Group's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Affiliated Managers Group's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Affiliated Managers Group's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Affiliated Managers Group's Cyclically Adjusted Price-to-FCF falls into.



Affiliated Managers Group Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Affiliated Managers Group's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=160.20/25.31
=6.33

* 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's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Affiliated Managers Group's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=6.212/129.4194*129.4194
=6.212

Current CPI (Dec. 2023) = 129.4194.

Affiliated Managers Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 5.319 99.695 6.905
201406 5.686 100.560 7.318
201409 6.825 100.428 8.795
201412 6.141 99.070 8.022
201503 1.979 99.621 2.571
201506 5.990 100.684 7.700
201509 6.525 100.392 8.412
201512 6.083 99.792 7.889
201603 0.380 100.470 0.489
201606 5.490 101.688 6.987
201609 5.947 101.861 7.556
201612 6.198 101.863 7.875
201703 1.993 102.862 2.508
201706 5.431 103.349 6.801
201709 6.000 104.136 7.457
201712 6.298 104.011 7.837
201803 3.500 105.290 4.302
201806 6.780 106.317 8.253
201809 5.338 106.507 6.486
201812 4.918 105.998 6.005
201903 -0.403 107.251 -0.486
201906 6.349 108.070 7.603
201909 6.097 108.329 7.284
201912 6.299 108.420 7.519
202003 1.736 108.902 2.063
202006 6.087 108.767 7.243
202009 5.357 109.815 6.313
202012 8.425 109.897 9.922
202103 4.145 111.754 4.800
202106 8.085 114.631 9.128
202109 7.756 115.734 8.673
202112 8.000 117.630 8.802
202203 3.541 121.301 3.778
202206 8.070 125.017 8.354
202209 6.618 125.227 6.840
202212 4.848 125.222 5.011
202303 4.966 127.348 5.047
202306 2.105 128.729 2.116
202309 6.712 129.860 6.689
202312 6.212 129.419 6.212

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Affiliated Managers Group  (NYSE:AMG) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Affiliated Managers Group Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Affiliated Managers Group's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Affiliated Managers Group (Affiliated Managers Group) Business Description

Traded in Other Exchanges
N/A
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 midsize 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 September 2023, AMG's affiliate network—which includes firms like AQR Capital Management, and Pantheon in alternative assets and other products (which accounted for 36% of AUM), Artemis, Genesis, Harding Loevner, and Tweedy Browne in global and emerging-market equities (27%) and Frontier, River Road, Parnassus, and Yacktman in U.S. equities (21%)—had $635.8 billion in managed assets.
Executives
Loren M Starr director
Reuben Iii Jeffery director C/O AFFILIATED MANAGERS GROUP, INC., 777 SOUTH FLAGLER DR., STE. 1401 E TOWER, WEST PALM BEACH FL 33401
Tracy P. Palandjian director SOCIAL FINANCE, INC., 200 STATE STREET, 14TH FLOOR, BOSTON MA 02109
John R Erickson officer: Head of Affiliate Engagement C/O AFFILIATED MANAGERS GROUP, INC., 777 SOUTH FLAGLER DRIVE, WEST PALM BEACH FL 33401
Rizwan M Jamal officer: Head of Affiliate Investments C/O AFFILIATED MANAGERS GROUP, INC., 777 SOUTH FLAGLER DRIVE, WEST PALM BEACH FL 33401
Jay C. Horgen director, officer: President and CEO AFFILIATED MANAGERS GROUP, INC., 777 S. FLAGLER DR., SUITE 1201 E. TOWER, WEST PALM BEACH FL 33401
Dwight D. Churchill director 44 GAGE ROAD, BEDFORD NH 03110
David Christopher Ryan director C/O AFFILIATED MANAGERS GROUP, INC., 777 SOUTH FLAGLER DRIVE, WEST PALM BEACH FL 33401
Matos Rodriguez Felix V. director C/O AFFILIATED MANAGERS GROUP, INC., 777 SOUTH FLAGLER DRIVE, WEST PALM BEACH FL 33401
Tracy A Atkinson director MFS INVESTMENT MANAGEMENT, 500 BOYLSTON ST., BOSTON MA 02116
Hugh Cutler officer: EVP, Global Distribution C/O AFFILIATED MANAGERS GROUP, INC., 777 SOUTH FLAGLER DRIVE, WEST PALM BEACH FL 33401
Thomas M Wojcik officer: Chief Financial Officer C/O AFFILIATED MANAGERS GROUP, INC., 777 SOUTH FLAGLER DRIVE, WEST PALM BEACH FL 33401
Samuel T Byrne director CROSSHARBOR CAPITAL PARTNERS, ONE BOSTON PLACE, SUITE 2300, BOSTON MA 02108
Sean M Healey director, officer: Executive Chairman C/O AFFILIATED MANAGERS GROUP INC, 777 S. FLAGLER DR., SUITE 1201 E. TOWER, WEST PALM BEACH FL 33401
David M. Billings officer: General Counsel and Secretary C/O AFFILIATED MANAGERS GROUP, INC., 600 HALE ST., PO BOX 1000, PRIDES CROSSING MA 01965

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