ARTISAN PARTNERS ASSET MA -A (APAM) Fundamental Analysis & Valuation

NYSE:APAM • US04316A1088

37.34 USD
-0.84 (-2.2%)
At close: Mar 6, 2026
37.5 USD
+0.16 (+0.43%)
After Hours: 3/6/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This APAM fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

6

Taking everything into account, APAM scores 6 out of 10 in our fundamental rating. APAM was compared to 241 industry peers in the Capital Markets industry. While APAM has a great profitability rating, there are some minor concerns on its financial health. APAM has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

7

1. APAM Profitability Analysis

1.1 Basic Checks

  • In the past year APAM was profitable.
  • In the past year APAM had a positive cash flow from operations.
  • APAM had positive earnings in each of the past 5 years.
  • Each year in the past 5 years APAM had a positive operating cash flow.
APAM Yearly Net Income VS EBIT VS OCF VS FCFAPAM Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M 500M

1.2 Ratios

  • APAM has a better Return On Assets (16.70%) than 95.80% of its industry peers.
  • APAM's Return On Equity of 60.02% is amongst the best of the industry. APAM outperforms 98.32% of its industry peers.
  • With an excellent Return On Invested Capital value of 32.63%, APAM belongs to the best of the industry, outperforming 99.58% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for APAM is significantly above the industry average of 7.26%.
  • The 3 year average ROIC (30.91%) for APAM is below the current ROIC(32.63%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 16.7%
ROE 60.02%
ROIC 32.63%
ROA(3y)15.31%
ROA(5y)17.22%
ROE(3y)61.36%
ROE(5y)72.94%
ROIC(3y)30.91%
ROIC(5y)40.88%
APAM Yearly ROA, ROE, ROICAPAM Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60 80 100

1.3 Margins

  • APAM has a Profit Margin (22.01%) which is in line with its industry peers.
  • In the last couple of years the Profit Margin of APAM has remained more or less at the same level.
  • APAM's Operating Margin of 33.39% is fine compared to the rest of the industry. APAM outperforms 62.60% of its industry peers.
  • In the last couple of years the Operating Margin of APAM has declined.
Industry RankSector Rank
OM 33.39%
PM (TTM) 22.01%
GM N/A
OM growth 3Y-1.22%
OM growth 5Y-3.51%
PM growth 3Y6.26%
PM growth 5Y1.09%
GM growth 3YN/A
GM growth 5YN/A
APAM Yearly Profit, Operating, Gross MarginsAPAM Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40

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5

2. APAM Health Analysis

2.1 Basic Checks

  • APAM has more shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, APAM has more shares outstanding
  • APAM has a better debt/assets ratio than last year.
APAM Yearly Shares OutstandingAPAM Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M
APAM Yearly Total Debt VS Total AssetsAPAM Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B

2.2 Solvency

  • An Altman-Z score of 3.28 indicates that APAM is not in any danger for bankruptcy at the moment.
  • APAM has a better Altman-Z score (3.28) than 77.73% of its industry peers.
  • APAM has a debt to FCF ratio of 1.41. This is a very positive value and a sign of high solvency as it would only need 1.41 years to pay back of all of its debts.
  • APAM has a Debt to FCF ratio of 1.41. This is amongst the best in the industry. APAM outperforms 87.82% of its industry peers.
  • APAM has a Debt/Equity ratio of 0.43. This is a healthy value indicating a solid balance between debt and equity.
  • The Debt to Equity ratio of APAM (0.43) is better than 65.97% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.43
Debt/FCF 1.41
Altman-Z 3.28
ROIC/WACCN/A
WACCN/A
APAM Yearly LT Debt VS Equity VS FCFAPAM Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M

2.3 Liquidity

  • APAM has a Current Ratio of 0.73. This is a bad value and indicates that APAM is not financially healthy enough and could expect problems in meeting its short term obligations.
  • The Current ratio of APAM (0.73) is worse than 64.29% of its industry peers.
  • APAM has a Quick Ratio of 0.73. This is a bad value and indicates that APAM is not financially healthy enough and could expect problems in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 0.73, APAM is doing worse than 63.87% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.73
Quick Ratio 0.73
APAM Yearly Current Assets VS Current LiabilitesAPAM Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. APAM Growth Analysis

3.1 Past

  • APAM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 10.99%, which is quite good.
  • Measured over the past 5 years, APAM shows a small growth in Earnings Per Share. The EPS has been growing by 3.42% on average per year.
  • APAM shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -13.04%.
  • The Revenue has been growing slightly by 5.87% on average over the past years.
EPS 1Y (TTM)10.99%
EPS 3Y8.09%
EPS 5Y3.42%
EPS Q2Q%20%
Revenue 1Y (TTM)-13.04%
Revenue growth 3Y6.41%
Revenue growth 5Y5.87%
Sales Q2Q%12.96%

3.2 Future

  • APAM is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 3.80% yearly.
  • Based on estimates for the next years, APAM will show a small growth in Revenue. The Revenue will grow by 5.43% on average per year.
EPS Next Y5.95%
EPS Next 2Y5.81%
EPS Next 3Y3.8%
EPS Next 5YN/A
Revenue Next Year6.45%
Revenue Next 2Y5.83%
Revenue Next 3Y5.43%
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
  • The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
APAM Yearly Revenue VS EstimatesAPAM Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 500M 1B
APAM Yearly EPS VS EstimatesAPAM Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1 2 3 4 5

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6

4. APAM Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 9.48 indicates a reasonable valuation of APAM.
  • Based on the Price/Earnings ratio, APAM is valued a bit cheaper than the industry average as 66.39% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Earnings ratio of 26.29, APAM is valued rather cheaply.
  • With a Price/Forward Earnings ratio of 8.95, the valuation of APAM can be described as very reasonable.
  • Based on the Price/Forward Earnings ratio, APAM is valued a bit cheaper than the industry average as 74.79% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 24.57, APAM is valued rather cheaply.
Industry RankSector Rank
PE 9.48
Fwd PE 8.95
APAM Price Earnings VS Forward Price EarningsAPAM Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • APAM's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. APAM is cheaper than 91.18% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, APAM is valued a bit cheaper than 62.18% of the companies in the same industry.
Industry RankSector Rank
P/FCF 22.44
EV/EBITDA 7.37
APAM Per share dataAPAM EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • The decent profitability rating of APAM may justify a higher PE ratio.
PEG (NY)1.59
PEG (5Y)2.77
EPS Next 2Y5.81%
EPS Next 3Y3.8%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. APAM Dividend Analysis

5.1 Amount

  • APAM has a Yearly Dividend Yield of 8.64%, which is a nice return.
  • Compared to an average industry Dividend Yield of 6.46, APAM pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.82, APAM pays a better dividend.
Industry RankSector Rank
Dividend Yield 8.64%

5.2 History

  • The dividend of APAM has a limited annual growth rate of 4.22%.
  • APAM has paid a dividend for at least 10 years, which is a reliable track record.
  • APAM has decreased its dividend recently.
Dividend Growth(5Y)4.22%
Div Incr Years1
Div Non Decr Years1
APAM Yearly Dividends per shareAPAM Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3 4

5.3 Sustainability

  • APAM pays out 97.61% of its income as dividend. This is not a sustainable payout ratio.
  • The dividend of APAM is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP97.61%
EPS Next 2Y5.81%
EPS Next 3Y3.8%
APAM Yearly Income VS Free CF VS DividendAPAM Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M
APAM Dividend Payout.APAM Dividend Payout, showing the Payout Ratio.APAM Dividend Payout.PayoutRetained Earnings

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APAM Fundamentals: All Metrics, Ratios and Statistics

ARTISAN PARTNERS ASSET MA -A

NYSE:APAM (3/6/2026, 8:04:00 PM)

After market: 37.5 +0.16 (+0.43%)

37.34

-0.84 (-2.2%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)02-03
Earnings (Next)04-27
Inst Owners94.78%
Inst Owner Change0.99%
Ins Owners1.97%
Ins Owner Change1%
Market Cap3.01B
Revenue(TTM)1.20B
Net Income(TTM)263.40M
Analysts48.89
Price Target43.61 (16.79%)
Short Float %8.35%
Short Ratio10.58
Dividend
Industry RankSector Rank
Dividend Yield 8.64%
Yearly Dividend3.19
Dividend Growth(5Y)4.22%
DP97.61%
Div Incr Years1
Div Non Decr Years1
Ex-Date02-13
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)8.47%
Min EPS beat(2)3.09%
Max EPS beat(2)13.85%
EPS beat(4)4
Avg EPS beat(4)6.46%
Min EPS beat(4)0.77%
Max EPS beat(4)13.85%
EPS beat(8)6
Avg EPS beat(8)3.22%
EPS beat(12)8
Avg EPS beat(12)2.16%
EPS beat(16)10
Avg EPS beat(16)0.79%
Revenue beat(2)1
Avg Revenue beat(2)-0.69%
Min Revenue beat(2)-2.95%
Max Revenue beat(2)1.57%
Revenue beat(4)1
Avg Revenue beat(4)-1.58%
Min Revenue beat(4)-2.95%
Max Revenue beat(4)1.57%
Revenue beat(8)1
Avg Revenue beat(8)-2.05%
Revenue beat(12)1
Avg Revenue beat(12)-1.94%
Revenue beat(16)2
Avg Revenue beat(16)-2.06%
PT rev (1m)-5.52%
PT rev (3m)-6.56%
EPS NQ rev (1m)1.81%
EPS NQ rev (3m)0.27%
EPS NY rev (1m)0.61%
EPS NY rev (3m)-0.79%
Revenue NQ rev (1m)0.07%
Revenue NQ rev (3m)-0.85%
Revenue NY rev (1m)-0.54%
Revenue NY rev (3m)-1.38%
Valuation
Industry RankSector Rank
PE 9.48
Fwd PE 8.95
P/S 2.52
P/FCF 22.44
P/OCF 22.33
P/B 6.87
P/tB 6.87
EV/EBITDA 7.37
EPS(TTM)3.94
EY10.55%
EPS(NY)4.17
Fwd EY11.18%
FCF(TTM)1.66
FCFY4.46%
OCF(TTM)1.67
OCFY4.48%
SpS14.82
BVpS5.44
TBVpS5.44
PEG (NY)1.59
PEG (5Y)2.77
Graham Number21.95
Profitability
Industry RankSector Rank
ROA 16.7%
ROE 60.02%
ROCE 41.1%
ROIC 32.63%
ROICexc 44.27%
ROICexgc 44.56%
OM 33.39%
PM (TTM) 22.01%
GM N/A
FCFM 11.22%
ROA(3y)15.31%
ROA(5y)17.22%
ROE(3y)61.36%
ROE(5y)72.94%
ROIC(3y)30.91%
ROIC(5y)40.88%
ROICexc(3y)41.51%
ROICexc(5y)56.21%
ROICexgc(3y)41.81%
ROICexgc(5y)56.86%
ROCE(3y)38.92%
ROCE(5y)51.48%
ROICexgc growth 3Y-7.4%
ROICexgc growth 5Y-14.41%
ROICexc growth 3Y-7.33%
ROICexc growth 5Y-14.12%
OM growth 3Y-1.22%
OM growth 5Y-3.51%
PM growth 3Y6.26%
PM growth 5Y1.09%
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.76
Health
Industry RankSector Rank
Debt/Equity 0.43
Debt/FCF 1.41
Debt/EBITDA 0.46
Cap/Depr 7.22%
Cap/Sales 0.06%
Interest Coverage 51.22
Cash Conversion 33.01%
Profit Quality 51%
Current Ratio 0.73
Quick Ratio 0.73
Altman-Z 3.28
F-Score5
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)49.24%
Cap/Depr(5y)96.93%
Cap/Sales(3y)0.46%
Cap/Sales(5y)0.76%
Profit Quality(3y)107.43%
Profit Quality(5y)119.77%
High Growth Momentum
Growth
EPS 1Y (TTM)10.99%
EPS 3Y8.09%
EPS 5Y3.42%
EPS Q2Q%20%
EPS Next Y5.95%
EPS Next 2Y5.81%
EPS Next 3Y3.8%
EPS Next 5YN/A
Revenue 1Y (TTM)-13.04%
Revenue growth 3Y6.41%
Revenue growth 5Y5.87%
Sales Q2Q%12.96%
Revenue Next Year6.45%
Revenue Next 2Y5.83%
Revenue Next 3Y5.43%
Revenue Next 5YN/A
EBIT growth 1Y-10.05%
EBIT growth 3Y5.11%
EBIT growth 5Y2.15%
EBIT Next Year12.82%
EBIT Next 3Y8.53%
EBIT Next 5YN/A
FCF growth 1Y-63.11%
FCF growth 3Y-22.9%
FCF growth 5Y-15.7%
OCF growth 1Y-63.4%
OCF growth 3Y-24.41%
OCF growth 5Y-15.78%

ARTISAN PARTNERS ASSET MA -A / APAM FAQ

What is the fundamental rating for APAM stock?

ChartMill assigns a fundamental rating of 6 / 10 to APAM.


What is the valuation status of ARTISAN PARTNERS ASSET MA -A (APAM) stock?

ChartMill assigns a valuation rating of 6 / 10 to ARTISAN PARTNERS ASSET MA -A (APAM). This can be considered as Fairly Valued.


What is the profitability of APAM stock?

ARTISAN PARTNERS ASSET MA -A (APAM) has a profitability rating of 7 / 10.


Can you provide the PE and PB ratios for APAM stock?

The Price/Earnings (PE) ratio for ARTISAN PARTNERS ASSET MA -A (APAM) is 9.48 and the Price/Book (PB) ratio is 6.87.


Can you provide the financial health for APAM stock?

The financial health rating of ARTISAN PARTNERS ASSET MA -A (APAM) is 5 / 10.