Asset managers with the lowest forward PE

Ranked

11

of 58 asset managers we cover

Median

11.4×

Lowest

10.1×

AMP

Range

10.1× to 19.2×

#	Company	Fwd PE	PE	Forward EPS growth	Market cap
1	AMPAmeriprise Financial	10.1×	11.9×	+13.5%	$43.5B
2	TROWT. Rowe Price	10.3×	10.5×	−2.0%	$22.2B
3	KKRKKR	10.7×	29.1×	+54.3%	$82B
4	PFGPrincipal Financial	11.0×	15.4×	+11.1%	$23.2B
5	STTState Street	11.2×	14.8×	+22.7%	$46.1B
6	RJFRaymond James Financial	11.4×	13.7×	+15.4%	$30.3B
7	APOApollo Global Management	11.7×	40.9×	+11.8%	$66.6B
8	NTRSNorthern Trust	14.0×	14.4×	+12.8%	$30.7B
9	BLKBlackRock	17.9×	n/m	n/m	$181.7B
10	BXBlackstone	18.8×	26.4×	+1.8%	$88.6B
11	ARESAres Management	19.2×	54.7×	+23.3%	$40.3B

Not ranked: 47 with not a meaningful number.

A ranking of numbers, not a recommendation. A low multiple can be a bargain or a business in trouble: open the company to see which.