GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Affiliated Managers Group Inc (NYSE:AMG) » Definitions » Cyclically Adjusted Revenue per Share

Affiliated Managers Group (Affiliated Managers Group) Cyclically Adjusted Revenue per Share : $53.00 (As of Dec. 2023)


View and export this data going back to 1997. Start your Free Trial

What is Affiliated Managers Group Cyclically Adjusted Revenue per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

Affiliated Managers Group's adjusted revenue per share for the three months ended in Dec. 2023 was $12.534. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is $53.00 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Affiliated Managers Group's average Cyclically Adjusted Revenue Growth Rate was 3.30% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 7.20% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 7.00% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 5.80% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Affiliated Managers Group was 10.70% per year. The lowest was 3.80% per year. And the median was 7.20% per year.

As of today (2024-04-27), Affiliated Managers Group's current stock price is $160.20. Affiliated Managers Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $53.00. Affiliated Managers Group's Cyclically Adjusted PS Ratio of today is 3.02.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Affiliated Managers Group was 7.24. The lowest was 1.18. And the median was 3.73.


Affiliated Managers Group Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Affiliated Managers Group's Cyclically Adjusted Revenue per Share 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 Revenue per Share Chart

Affiliated Managers Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 41.38 43.03 47.59 51.32 53.00

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 Revenue per Share 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 51.32 52.28 52.77 53.17 53.00

Competitive Comparison of Affiliated Managers Group's Cyclically Adjusted Revenue per Share

For the Asset Management subindustry, Affiliated Managers Group's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio 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 PS Ratio Distribution in the Asset Management Industry

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

* The bar in red indicates where Affiliated Managers Group's Cyclically Adjusted PS Ratio falls into.



Affiliated Managers Group Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue 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.

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

Adj_RevenuePerShare= Revenue per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=12.534/129.4194*129.4194
=12.534

Current CPI (Dec. 2023) = 129.4194.

Affiliated Managers Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 10.745 99.695 13.949
201406 11.242 100.560 14.468
201409 10.889 100.428 14.032
201412 9.819 99.070 12.827
201503 10.986 99.621 14.272
201506 11.245 100.684 14.454
201509 10.756 100.392 13.866
201512 10.420 99.792 13.514
201603 9.636 100.470 12.412
201606 9.772 101.688 12.437
201609 9.624 101.861 12.228
201612 9.457 101.863 12.015
201703 9.194 102.862 11.568
201706 9.726 103.349 12.179
201709 10.046 104.136 12.485
201712 10.416 104.011 12.960
201803 10.744 105.290 13.206
201806 11.072 106.317 13.478
201809 10.854 106.507 13.189
201812 10.712 105.998 13.079
201903 10.464 107.251 12.627
201906 11.606 108.070 13.899
201909 10.893 108.329 13.014
201912 11.316 108.420 13.508
202003 10.613 108.902 12.613
202006 9.960 108.767 11.851
202009 10.641 109.815 12.541
202012 12.263 109.897 14.441
202103 12.315 111.754 14.262
202106 13.146 114.631 14.842
202109 12.984 115.734 14.519
202112 15.442 117.630 16.990
202203 12.967 121.301 13.835
202206 13.575 125.017 14.053
202209 13.301 125.227 13.746
202212 10.260 125.222 10.604
202303 12.949 127.348 13.160
202306 12.173 128.729 12.238
202309 12.101 129.860 12.060
202312 12.534 129.419 12.534

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.


Affiliated Managers Group  (NYSE:AMG) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Affiliated Managers Group's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=160.20/53
=3.02

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Affiliated Managers Group was 7.24. The lowest was 1.18. And the median was 3.73.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Affiliated Managers Group Cyclically Adjusted Revenue per Share Related Terms

Thank you for viewing the detailed overview of Affiliated Managers Group's Cyclically Adjusted Revenue per Share 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

Affiliated Managers Group (Affiliated Managers Group) Headlines

From GuruFocus

John Rogers Comments on Affiliated Managers Group

By Sydnee Gatewood 04-21-2023

AMG to Announce Third Quarter Results on November 1, 2021

By Marketwired Marketwired 10-22-2021

AMG to Announce First Quarter Results on May 2, 2022

By GuruFocusNews GuruFocusNews 04-25-2022

AMG Announces Partnership with Forbion

By Marketwired 06-27-2023

AMG Announces Investment in Abacus Capital Group

By Marketwired Marketwired 09-28-2021

John Rogers Comments on Affiliated Managers Group

By Sydnee Gatewood 01-20-2023

AMG Completes Investment in Forbion

By Marketwired 08-17-2023

Longleaf Partners Fund's 4th-Quarter Commentary

By Sydnee Gatewood 01-13-2022