Acadian Asset Management Inc. (AAMI) intrinsic value & 10-year financials
Acadian Asset Management Inc. (AAMI) has a Graham intrinsic value of $73.41 per share. At $92.16 on Oct 17, 2026, the stock trades 26% above that value. Over the last 10 fiscal years revenue shrank 5.1% a year to $563.7M, with an average return on invested capital of 50.7%.
- Graham intrinsic value
- $73.41
- Share price (Oct 17, 2026)
- $92.16
- Price vs Graham value
- 26% above
- Market cap
- $3.3B
- Revenue (FY2025)
- $563.7M
- Revenue growth (10-yr CAGR)
- -5.1%
- ROIC (10-yr avg)
- 50.7%
- Free cash flow (FY2025)
- —
AAMI 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $563.7M | $80.0M | $2.21 | — | 23.4% | — |
| FY2024 | $505.6M | $85.0M | $2.22 | — | 26.8% | 55.5% |
| FY2023 | $426.6M | $65.8M | $1.55 | — | 24.8% | 48.9% |
| FY2022 | $417.2M | $100.6M | $2.33 | — | 40.2% | 88.9% |
| FY2021 | $523.8M | $828.4M | $10.29 | — | 27.8% | 53.9% |
| FY2020 | $697.9M | $286.7M | $3.49 | — | 25.7% | 27.4% |
| FY2019 | $807.0M | $223.9M | $2.45 | — | 31.0% | 62.3% |
| FY2018 | $905.0M | $136.4M | $1.26 | — | 9.3% | 44.4% |
| FY2017 | $858.0M | $4.2M | $0.04 | — | 8.3% | 24.3% |
| FY2016 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Acadian Asset Management Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Acadian Asset Management Inc. has earned high returns on invested capital, averaging 54.4% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
Acadian Asset Management Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Acadian Asset Management Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $73.41 per share.