Acadian Asset Management Inc (AAMI) Key Metrics
AAMI valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $3.27B
- Enterprise value
- $3.44B
- P/E (TTM)
- 32.7 10-yr median 10.4
- Forward P/E
- 14.5
- PEG ratio
- —
- Price / sales
- 4.9 10-yr median 2.1
- Price / book
- 34.9 10-yr median 17.4
- EV / EBITDA
- 17.2 10-yr median 7.6
- Dividend yield
- 0.43% $0.40 a year
- Beta
- 1.32
AAMI key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsAAMI valuation Price multiples at each fiscal year-end price.
AAMI returns How much profit the business earns on the capital it uses.
AAMI per-share figures Results divided by the shares outstanding at year-end.
AAMI financial health Debt, liquidity and how easily interest is covered.
AAMI efficiency & capital use Working capital cycle and where the cash goes.
AAMI valuation history
AAMI returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
AAMI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
AAMI cash returned to shareholders
AAMI price vs earnings per share
AAMI key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $1.70B | $1.01B | $815.0M | $888.2M | $2.06B | $1.58B | $933.1M | $1.15B | $1.87B | $1.73B |
| Enterprise value | $1.92B | $1.26B | $1.01B | $1.13B | $2.28B | $1.70B | $1.43B | $1.20B | $2.11B | $2.02B |
| P/E ratio | 21.3 | 11.9 | 12.4 | 8.8 | 2.5 | 5.5 | 4.2 | 8.4 | 444.3 | 13.7 |
| Price / sales | 2.9 | 2.0 | 1.9 | 2.1 | 3.9 | 3.2 | 1.6 | 1.2 | 2.1 | 2.6 |
| Price / book | 28.1 | 50.5 | 20.3 | — | — | 5.2 | 14.5 | 11.1 | 24.7 | 10.6 |
| Price / free cash flow | 9.4 | 22.0 | 15.0 | 8.8 | — | 24.5 | — | 6.7 | 8.8 | 14.0 |
| Price / operating cash flow | 8.8 | 18.1 | 11.9 | 7.6 | — | 10.9 | — | 6.0 | 8.3 | 12.6 |
| EV / sales | 3.2 | 2.5 | 2.4 | 2.7 | 4.4 | 3.4 | 2.4 | 1.3 | 2.4 | 3.0 |
| EV / EBITDA | 10.6 | 7.7 | 7.6 | 6.1 | 10.1 | 4.3 | 5.5 | 6.6 | 11.4 | 11.0 |
| EV / free cash flow | 10.6 | 27.4 | 18.6 | 11.2 | — | 26.3 | — | 7.0 | 9.9 | 16.3 |
| Earnings yield | 4.7% | 8.4% | 8.1% | 11.3% | 40.2% | 18.1% | 24.0% | 11.9% | 0.2% | 7.3% |
| Free cash flow yield | 10.6% | 4.5% | 6.7% | 11.3% | −1.3% | 4.1% | −18.5% | 14.9% | 11.4% | 7.2% |
| Dividend yield | 0.1% | 0.1% | 0.2% | 0.1% | 0.1% | 0.7% | 3.9% | 3.7% | 2.1% | 2.2% |
| Shareholder yield (dividends + buybacks) | 3.0% | 9.7% | 0.7% | 11.8% | 54.6% | 3.6% | 29.6% | 9.9% | 6.1% | 7.9% |
| Share price at fiscal year-end | $47.00 | $26.34 | $19.16 | $20.58 | $25.60 | $19.28 | $10.22 | $10.68 | $16.75 | $14.50 |
| Per share | ||||||||||
| Revenue per share | $16.42 | $13.19 | $10.03 | $9.67 | $6.51 | $6.09 | $6.51 | $8.63 | $7.97 | $5.55 |
| Earnings per share | $2.21 | $2.22 | $1.55 | $2.33 | $10.29 | $3.50 | $2.45 | $1.27 | $0.04 | $1.06 |
| Operating cash flow per share | $5.32 | $1.46 | $1.61 | $2.71 | −$0.14 | $1.77 | −$1.52 | $1.79 | $2.02 | $1.15 |
| Free cash flow per share | $4.99 | $1.20 | $1.28 | $2.33 | −$0.33 | $0.79 | −$1.89 | $1.59 | $1.90 | $1.04 |
| Cash per share | $2.80 | $2.47 | $3.45 | $2.51 | $3.13 | $4.53 | $1.22 | $3.17 | $1.67 | $0.85 |
| Book value per share | $1.67 | $0.52 | $0.95 | −$0.50 | −$0.22 | $3.69 | $0.71 | $0.96 | $0.68 | $1.37 |
| Tangible book value per share | $1.11 | −$0.01 | $0.47 | −$0.97 | −$0.47 | $2.73 | −$3.02 | −$2.26 | −$2.49 | −$1.61 |
| Dividends per share | $0.04 | $0.04 | $0.05 | $0.03 | $0.04 | $0.13 | $0.39 | $0.39 | $0.35 | $0.32 |
| Capex per share | $0.33 | $0.26 | $0.32 | $0.37 | $0.19 | $0.32 | $0.37 | $0.20 | $0.12 | $0.11 |
| Debt per share | $8.92 | $8.91 | $8.14 | $8.09 | $5.87 | $5.96 | $6.70 | $3.66 | $3.83 | $3.28 |
| Shares outstanding | 36.2M | 38.3M | 42.5M | 43.2M | 80.5M | 82.0M | 91.3M | 107.6M | 111.4M | 119.5M |
| Change in shares outstanding | −5.6% | −9.9% | −1.4% | −46.4% | −1.8% | −10.2% | −15.1% | −3.4% | −6.8% | −0.8% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 198.5% | 282.4% | 707.5% | — | — | 156.3% | 267.0% | 152.7% | 3.5% | 76.6% |
| Return on invested capital (ROIC) | 44.1% | 36.9% | 32.1% | 55.3% | 33.7% | 19.2% | 58.6% | 34.2% | 9.2% | 40.4% |
| Return on assets (ROA) | 11.6% | 12.9% | 11.6% | 16.3% | 79.1% | 20.5% | 15.1% | 9.0% | 0.3% | 11.0% |
| Return on tangible assets | 12.2% | 12.4% | 11.1% | 20.2% | 119.3% | 22.0% | 20.7% | 11.3% | 0.4% | 13.5% |
| Free cash flow margin | 30.4% | 9.1% | 12.8% | 24.1% | −5.1% | 12.9% | −29.0% | 18.4% | 23.9% | 18.7% |
| Income quality (OCF / net income) | 2.41 | 0.66 | 1.04 | 1.16 | −0.01 | 0.51 | −0.62 | 1.41 | 53.69 | 1.09 |
| Financial health | ||||||||||
| Total debt | $322.8M | $341.6M | $346.3M | $349.3M | $472.5M | $489.1M | $611.3M | $393.3M | $426.3M | $392.3M |
| Cash & short-term investments | $101.2M | $94.8M | $146.8M | $108.4M | $252.1M | $371.3M | $111.3M | $340.6M | $186.3M | $101.9M |
| Net debt | $221.6M | $246.8M | $199.5M | $240.9M | $220.4M | $117.8M | $500.0M | $52.7M | $240.0M | $290.4M |
| Debt / equity | 5.33 | 17.08 | 8.61 | — | — | 1.62 | 9.49 | 3.81 | 5.65 | 2.39 |
| Debt / assets | 0.48 | 0.49 | 0.57 | 0.67 | 0.66 | 0.35 | 0.43 | 0.25 | 0.29 | 0.30 |
| Net debt / EBITDA | 1.22 | 1.51 | 1.50 | 1.31 | 0.98 | 0.30 | 1.91 | 0.29 | 1.30 | 1.58 |
| Current ratio | 1.67 | 1.39 | 7.01 | 6.84 | 11.68 | 2.65 | 1.47 | 3.30 | 2.06 | 0.91 |
| Quick ratio | 1.67 | 1.39 | 7.01 | 6.84 | 11.68 | 2.65 | 1.47 | 3.30 | 2.06 | 0.91 |
| Interest coverage | 7.5 | 7.0 | 5.4 | 8.2 | 5.9 | 4.6 | 6.9 | 3.4 | 2.9 | 13.8 |
| Working capital | $112.2M | $74.7M | $251.8M | $209.8M | $387.8M | $575.2M | $95.9M | $354.5M | $226.0M | −$26.3M |
| Invested capital | $282.2M | $266.8M | $239.7M | $219.3M | $202.8M | $420.2M | $564.4M | $156.0M | $315.4M | $454.4M |
| Tangible asset value | $63.7M | $66.8M | $29.2M | −$41.9M | −$37.9M | $305.7M | −$141.3M | −$170.2M | −$181.6M | −$186.1M |
| Net current asset value | −$313.3M | −$349.9M | −$268.2M | −$294.6M | −$308.3M | −$70.9M | −$922.2M | −$869.1M | −$881.7M | −$857.8M |
| Graham number | $9.12 | $5.10 | $5.74 | — | — | $17.03 | $6.24 | $5.23 | $0.76 | $5.72 |
| Graham net-net per share | −$9.89 | −$10.32 | −$7.18 | −$7.84 | −$4.36 | −$6.60 | −$10.69 | −$8.50 | −$8.58 | −$7.52 |
| Capital allocation | ||||||||||
| Dividends paid | $1.5M | $1.5M | $2.0M | $1.2M | $2.9M | $10.9M | $36.0M | $42.5M | $38.8M | $38.5M |
| Share buybacks (net) | $48.8M | $96.7M | $3.3M | $103.2M | $1.12B | $46.0M | $239.8M | $71.2M | $74.1M | $98.6M |
| Dividend payout ratio | 1.9% | 1.8% | 3.0% | 1.2% | 0.4% | 3.8% | 16.1% | 31.2% | 923.8% | 30.5% |
| Dividends + buybacks / free cash flow | 27.8% | 213.9% | 9.7% | 103.7% | — | 88.1% | — | 66.4% | 53.3% | 110.4% |
| Capex / revenue | 2.0% | 2.0% | 3.2% | 3.9% | 2.9% | 5.2% | 5.7% | 2.3% | 1.5% | 2.0% |
| Capex / operating cash flow | 6.2% | 17.7% | 20.2% | 13.8% | — | 17.8% | — | 11.2% | 6.1% | 9.8% |
| Capex / depreciation | 0.72 | 0.54 | 0.80 | 0.87 | 0.68 | 1.17 | 1.42 | 1.03 | 0.75 | 1.12 |
| SG&A / revenue | 15.5% | 16.9% | 19.4% | 17.0% | 13.6% | 17.6% | 18.0% | 13.6% | 12.7% | 14.8% |
| Efficiency | ||||||||||
| Days sales outstanding | 106.3 | 113.3 | 115.8 | 129.7 | 98.2 | 105.2 | 104.7 | 78.9 | 82.7 | 86.8 |
| Days payables outstanding | 753.7 | 11.0 | 11.4 | 11.4 | 7.5 | 14.7 | 25.7 | 7.8 | 3.4 | 6.2 |
| Cash conversion cycle (days) | -647.4 | 102.3 | 104.4 | 118.3 | 90.7 | 90.5 | 79.0 | 71.1 | 79.3 | 80.6 |
| Receivables turnover | 3.43 | 3.22 | 3.15 | 2.81 | 3.72 | 3.47 | 3.49 | 4.63 | 4.41 | 4.21 |
| Payables turnover | 0.48 | 33.30 | 31.99 | 31.92 | 48.65 | 24.83 | 14.22 | 46.80 | 107.06 | 58.90 |
| Asset turnover | 0.86 | 0.77 | 0.75 | 0.68 | 0.50 | 0.36 | 0.40 | 0.61 | 0.64 | 0.57 |
| Average receivables | $173.1M | $156.9M | $135.3M | $148.2M | $140.9M | $144.0M | $170.6M | $200.7M | $201.0M | $157.8M |
| Average payables | $87.3M | $8.0M | $6.9M | $5.0M | $5.8M | $9.8M | $17.5M | $14.9M | $6.4M | $6.8M |
| Intangibles / total assets | 3.0% | 2.9% | 3.3% | 3.9% | 2.8% | 5.7% | 23.9% | 22.3% | 23.7% | 27.6% |
Computed from AAMI's annual financial statements (latest annual report filed December 31, 2025) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
AAMI valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Acadian Asset Management traded at 21.3 times earnings, against a 10-year median of 10.4. Based on the latest twelve months, the trailing P/E is 32.7 and the forward P/E is 14.5. Acadian Asset Management earned a return on equity of 198.5% and a return on invested capital of 44.1% in fiscal 2025. It ended the year with $322.8 million of debt and $101.2 million in cash and short-term investments, net debt of $221.6 million. It returned $50.3 million to shareholders: $1.5 million in dividends and $48.8 million in share buybacks, 28% of free cash flow. The share count fell 69.7% from 119.5M to 36.2M over 9 years.
See the AAMI income statement, the AAMI chart for price history, or the AAMI stock overview for the latest quote and news.
AAMI key metrics FAQ
What is Acadian Asset Management's P/E ratio?
Acadian Asset Management's trailing P/E ratio is 32.7 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 14.5. At the end of fiscal 2025 it was 21.3, compared with a 10-year median of 10.4.
What is Acadian Asset Management's EV/EBITDA?
Acadian Asset Management's enterprise value was 10.6 times EBITDA at the end of fiscal 2025 (enterprise value $1.9 billion, EBITDA $181.5 million); the current EV/EBITDA is 17.2.
What is Acadian Asset Management's return on equity?
Acadian Asset Management's return on equity (ROE) was 198.5% in fiscal 2025: net income of $80.0 million on average shareholders' equity of $40.3 million. ROE is high partly because years of buybacks have reduced equity on the balance sheet.
What is Acadian Asset Management's ROIC?
Acadian Asset Management's return on invested capital was 44.1% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Acadian Asset Management have?
Acadian Asset Management had total debt of $322.8 million at the end of fiscal 2025, a debt-to-equity ratio of 5.33 and $221.6 million of net debt (1.22 times EBITDA).
What is Acadian Asset Management's dividend yield?
Acadian Asset Management's forward dividend yield is 0.43%. Acadian Asset Management paid $1.5 million in dividends in fiscal 2025 ($0.04 per share), a payout ratio of 1.9%.
Does Acadian Asset Management buy back its shares?
Yes. Acadian Asset Management spent $48.8 million on net share repurchases in fiscal 2025 Shares outstanding changed −5.6% over the year, to 36.2M..
What is Acadian Asset Management's free cash flow yield?
Acadian Asset Management generated $180.7 million of free cash flow in fiscal 2025, a free cash flow yield of 10.6% on its market value at year-end ($1.7 billion).
What is Acadian Asset Management's current ratio?
Acadian Asset Management's current ratio was 1.67 at the end of fiscal 2025: current assets were 1.67 times current liabilities.