Asset managers with the lowest PE ratio

Ranked

39

of 58 asset managers we cover

Median

21.3×

Lowest

6.8×

VRTS

Range

6.8× to 92.0×

#	Company	PE	PE vs its 10 years	Revenue growth (TTM)	Market cap
1	VRTSVirtus Investment Partners	6.8×	3rd pct	−7.2%	$790.2M
2	APAMArtisan Partners Asset Management	8.1×	8th pct	+9.8%	$2.7B
3	HNNAHennessy Advisors	9.7×	58th pct	−6.9%	$80.5M
4	ABAlliancebernstein	10.3×	12th pct	n/m	$3.3B
5	TROWT. Rowe Price	10.5×	8th pct	+7.0%	$22.2B
6	FHIFederated Hermes	10.6×	31st pct	+15.0%	$4.2B
7	GROWU S Global Investors	10.9×	14th pct	+21.3%	$32.3M
8	AMPAmeriprise Financial	11.9×	28th pct	+9.1%	$43.5B
9	HLNEHamilton Lane INC	12.5×	0th pct	+24.0%	$4.5B
10	AMGAffiliated Managers	13.6×	50th pct	+11.8%	$9.9B
11	RJFRaymond James Financial	13.7×	31st pct	+8.0%	$30.3B
12	EVREvercore	14.2×	39th pct	+45.7%	$9.7B
13	NTRSNorthern Trust	14.4×	39th pct	+15.1%	$30.7B
14	STTState Street	14.8×	69th pct	+11.6%	$46.1B
15	PFGPrincipal Financial	15.4×	84th pct	+3.7%	$23.2B
16	LAZLazard	18.2×	77th pct	+5.6%	$4.1B
17	MCMoelis	19.0×	38th pct	n/m	$4.3B
18	VCTRVictory Capital	19.7×	92nd pct	+51.5%	$6.6B
19	BENFranklin Resources	21.1×	71st pct	+7.9%	$15.8B
20	MORNMorningstar	21.3×	9th pct	+9.3%	$8.4B
21	WHGWestwood	21.7×	50th pct	+5.3%	$178.9M
22	CNSCohen & Steers	21.8×	49th pct	+7.4%	$3.7B
23	HLIHoulihan Lokey	22.0×	56th pct	+1.7%	$9.2B
24	BXBlackstone	26.4×	49th pct	+17.2%	$88.6B
25	JYNTJOINT	26.7×	1st pct	+9.0%	$101.9M
26	DLBDolby Laboratories	26.7×	26th pct	+0.6%	$5.9B
27	GCMGGCM Grosvenor	28.8×	13th pct	+7.0%	$2.5B
28	KKRKKR	29.1×	62nd pct	+31.1%	$82B
29	ABXAbacus Global Management	29.6×	61st pct	+65.3%	$811.7M
30	AAMIAcadian Asset Management	32.6×	96th pct	+24.2%	$3.3B
31	RPCRidgepost Capital	36.2×	n/a	+4.4%	$956.9M
32	IDCCInterDigital	37.7×	72nd pct	−11.7%	$8.4B
33	CGCarlyle	40.2×	89th pct	−41.9%	$13.8B
34	APOApollo Global Management	40.9×	89th pct	+41.2%	$66.6B
35	ARESAres Management	54.7×	48th pct	+24.0%	$40.3B
36	HASIHA Sustainable Infrastructure Capital	67.3×	89th pct	+27.3%	$4.7B
37	OWLBlue OWL Capital	78.0×	4th pct	+14.2%	$14.6B
38	TPGTPG	82.7×	3rd pct	+30.1%	$17.2B
39	SAMGSilvercrest Asset Management	92.0×	98th pct	+0.8%	$119.9M

Not ranked: 11 with a loss over the last year, 1 with a quarter missing, 1 with not a meaningful number. 6 companies whose data behind this number has a caveat are left out until it is checked.

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.