Asset managers with the lowest price to sales ratio

Ranked

47

of 58 asset managers we cover

Median

3.0×

Lowest

0.1×

RILY

Range

0.1× to 24.6×

#	Company	P/S	Net margin	Revenue growth (TTM)	Market cap
1	RILYBRC	0.1×	35.9%	+49.9%	$162M
2	XELBXCel Brands	0.5×	n/m	−21.2%	$2.3M
3	MLCIMount Logan Capital	0.9×	n/m	−24.3%	$35.9M
4	SAMGSilvercrest Asset Management	1.0×	0.7%	+0.8%	$119.9M
5	VRTSVirtus Investment Partners	1.0×	14.5%	−7.2%	$790.2M
6	LAZLazard	1.2×	6.9%	+5.6%	$4.1B
7	ALTIAlTi Global	1.5×	−40.9%	+28.9%	$402.3M
8	ACTGAcacia Research	1.5×	−5.4%	+12.3%	$410.8M
9	PFGPrincipal Financial	1.5×	9.9%	+3.7%	$23.2B
10	BENFranklin Resources	1.7×	8.7%	+7.9%	$15.8B
11	JYNTJOINT	1.7×	6.5%	+9.0%	$101.9M
12	WHGWestwood	1.8×	7.7%	+5.3%	$178.9M
13	RJFRaymond James Financial	1.8×	13.6%	+8.0%	$30.3B
14	IVZInvesco	1.8×	−0.9%	+12.2%	$12.4B
15	PJTPJT Partners	1.9×	10.6%	+22.9%	$3.6B
16	APPSDigital Turbine	2.0×	−5.8%	+19.2%	$1.2B
17	EVREvercore	2.0×	15.7%	+45.7%	$9.7B
18	APAMArtisan Partners Asset Management	2.2×	24.1%	+9.8%	$2.7B
19	AMPAmeriprise Financial	2.2×	19.9%	+9.1%	$43.5B
20	FHIFederated Hermes	2.2×	21.3%	+15.0%	$4.2B
21	HNNAHennessy Advisors	2.4×	24.8%	−6.9%	$80.5M
22	STEPStepStone	2.5×	−30.5%	+48.5%	$5.1B
23	TROWT. Rowe Price	2.9×	29.3%	+7.0%	$22.2B
24	ABXAbacus Global Management	3.0×	10.5%	+65.3%	$811.7M
25	RPCRidgepost Capital	3.1×	8.7%	+4.4%	$956.9M
26	GROWU S Global Investors	3.1×	29.8%	+21.3%	$32.3M
27	MORNMorningstar	3.3×	16.4%	+9.3%	$8.4B
28	TPGTPG	3.4×	4.7%	+30.1%	$17.2B
29	HLIHoulihan Lokey	3.6×	16.1%	+1.7%	$9.2B
30	CGCarlyle	3.8×	10.1%	−41.9%	$13.8B
31	VCTRVictory Capital	4.2×	29.6%	+51.5%	$6.6B
32	DLBDolby Laboratories	4.3×	16.7%	+0.6%	$5.9B
33	AMGAffiliated Managers	4.4×	37.7%	+11.8%	$9.9B
34	GCMGGCM Grosvenor	4.4×	7.8%	+7.0%	$2.5B
35	OWLBlue OWL Capital	4.9×	2.7%	+14.2%	$14.6B
36	AAMIAcadian Asset Management	4.9×	15.2%	+24.2%	$3.3B
37	HLNEHamilton Lane INC	5.3×	32.1%	+24.0%	$4.5B
38	RMCORoyalty Management	5.5×	−14.5%	+133.5%	$33.8M
39	BXBlackstone	5.5×	21.8%	+17.2%	$88.6B
40	CNSCohen & Steers	6.3×	28.8%	+7.4%	$3.7B
41	BLKBlackRock	6.4×	24.2%	+24.7%	$181.7B
42	ARESAres Management	6.7×	10.6%	+24.0%	$40.3B
43	IDCCInterDigital	10.7×	38.3%	−11.7%	$8.4B
44	VALUValue Line	12.3×	60.3%	−5.5%	$404.3M
45	HASIHA Sustainable Infrastructure Capital	13.1×	24.1%	+27.3%	$4.7B
46	BAMBrookfield Asset Management	13.1×	44.1%	+31.9%	$75.1B
47	REFRResearch Frontiers	24.6×	n/m	−46.5%	$16.1M

Not ranked: 4 with a number that doesn't describe its kind of business, 2 with not a meaningful number, 1 with a value too high to mean anything. 4 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.