AFFILIATED MANAGERS GROUP, INC. (MGRE)

Investment Advice

Latest Price

$21.75

TTM P/E

0.76

Normalized P/E

1.10

Div Yield

0.18%

Book Value

114.21

P/B Ratio

0.19

Valuation metrics

EPS: $22.74

Book value / share: $55.36

Formula: √(22.5 × EPS × BVPS)

Graham Number

$168.30

+674% upside

Norm. op. income: $1.2B (median of 7yr)

Tax rate: 20%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$126.69

+482% upside

Base FCF: $967M (median of recent 5yr)

Growth: 6%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$266.29

+1124% upside

EPS: $22.74

Target P/E: 1×

Formula: EPS × P/E

P/E Fair Value

$22.74

+5% upside