AMG vs TROW vs GLD Stock Comparison

Affiliated Managers, Price T Rowe and Spdr Gold Trust Prices as of Oct 27, 2026 Peers: Industry group
TROW Price T Rowe Group Inc
$103.63 -1.8% 1M -1.2% 1Y
Market cap
$22.07B
P/E
9.9x
Revenue (TTM)
$7.59B
Div. yield
–
Asset Management Financial Services
3 wins
GLD Spdr Gold Trust
$372.27 -5.4% 1M +1.4% 1Y
Market cap
$134.70B
P/E
5.8x
Revenue (TTM)
—
Div. yield
–
Asset Management Financial Services
2 wins

Head to Head

9 decided of 12

Affiliated Managers leads on 4 of the 12 questions below (Affiliated Managers 4, Price T Rowe 3, Spdr Gold Trust 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAMGTROWGLDLeader
Larger companyMarket capitalisation $10.32B $22.07B $134.70B GLD
Cheaper on earningsLower P/E, profitable companies only 12.1x 9.9x 5.8x GLD
Cheaper on forward earningsLower price / next fiscal year consensus EPS 10.0x 9.9x — TROW
Faster revenue growthRevenue growth, trailing twelve months +11.8% +7.0% — AMG
More profitableNet margin, trailing twelve months 37.7% 29.3% — AMG
Better return on capitalReturn on invested capital 16.8% — — –
Less leveragedLower net debt / EBITDA 1.6x — — –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +62.0% -1.2% +1.4% AMG
Better 5-year returnAnnualised price return, 5 years +18.5%/yr -13.6%/yr +17.3%/yr AMG
Less volatileAnnualised volatility, 1 year 32.8% 24.0% 28.7% TROW
Higher overall scoreMean of the five percentile scores vs peers 64/100 79/100 — TROW

Percentile Scorecard

AMGTROWGLD

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisAMGTROWGLD
Valuation 82 #34 of 181 89 #20 of 181 93 #13 of 181
Growth 63 #42 of 111 61 #44 of 111 –
Profitability 89 #15 of 129 84 #22 of 129 –
Financial Health 42 #96 of 164 – –
Shareholder Returns 43 #43 of 75 81 #15 of 75 –
Overall 64 79 –
  • AMG ranked among 209 companies in Asset and Wealth Management
  • TROW ranked among 209 companies in Asset and Wealth Management
  • GLD ranked among 209 companies in Asset and Wealth Management

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodAMGTROWGLDSPY
1 month +4.9%-1.8%-5.4% -0.2%
3 months +6.0%-14.8%+0.8% +3.9%
6 months +34.0%+2.8%-11.8% +8.2%
Year to date +36.0%+1.2%-6.1% +12.9%
1 year +62.0%-1.2%+1.4% +12.3%
3 years +219.8%+17.2%+100.0% +87.4%
3 years, per year +47.4%+5.4%+26.0% +23.3%
5 years +134.0%-51.9%+121.5% +67.9%
5 years, per year +18.5%-13.6%+17.3% +10.9%
10 years +182.2%+62.4%+207.6% +261.1%
10 years, per year +10.9%+5.0%+11.9% +13.7%

Risk

MeasureAMGTROWGLDSPY
Volatility, 1Y 32.8%24.0%28.7% 12.7%
Downside volatility, 1Y 33.0%26.0%32.0% 12.7%
Beta vs S&P 500, 1Y 0.930.790.85 1.00
Return / volatility, 1Y 1.89-0.050.05 0.97
Max drawdown, 5Y -41.2%-63.7%-26.4% -25.4%
From 52-week high -0.9%-14.8%-24.9% -1.2%
52-week high $395.53$121.68$495.90 $779.14
52-week low $236.68$86.19$362.32 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleAMGTROWGLD
P/E now vs peer median 12.1xmedian 34.2x 10.0xmedian 34.2x 5.8xmedian 34.2x
P/S now vs peer median 4.5xmedian 4.9x 2.9xmedian 4.9x —median 4.9x
EV/EBITDA now vs peer median 7.6xmedian 11.7x 6.9xmedian 11.7x —median 11.7x
P/FCF now vs peer median 9.5xmedian 13.2x 13.2xmedian 13.2x —median 13.2x
P/B now vs peer median 2.6xmedian 1.8x 2.0xmedian 1.8x 1.0xmedian 1.8x
PEG now vs peer median 2.31median 0.91 0.68median 0.91 —median 0.91

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsAMGTROWGLD
Revenue $2.27B $7.59B –
Operating income – $2.34B –
Net income $1.05B $2.34B $23.17B
Free cash flow $1.06B $1.67B –
EPS (diluted) $31.83 $10.37 –
Cash & equivalents $411.00M $3.23B –
Total debt $3.00B – –
Shares (diluted) 26.90M 214.20M –
Enterprise value $8.48B $8.10B -$423.30B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricAMGTROWGLD
P/E 12.1x 10.0x 5.8x
P/FCF 9.5x 13.2x –
P/Operating cash flow 9.5x 11.4x –
P/S 4.5x 2.9x –
P/B 2.6x 2.0x 1.0x
P/Tangible book 4.3x 2.0x 1.0x
EV/EBITDA 7.6x 6.9x –
EV/EBIT 8.3x 8.1x –
EV/Revenue 5.6x 2.5x –
EV/FCF 12.0x 11.3x –
EV/Operating cash flow 11.9x 9.8x –
PEG (3Y EPS CAGR) 2.31 0.68 –

Growth

14 metrics
MetricAMGTROWGLD
Revenue growth (1Y) 11.8% 7.0% –
Revenue CAGR (3Y) 1.9% 6.6% –
Gross profit growth (1Y) – – –
Gross profit CAGR (3Y) – – –
Operating income growth (1Y) – 3.5% –
Operating income CAGR (3Y) – 8.2% –
Net income growth (1Y) 64.0% 10.5% -13.8%
Net income CAGR (3Y) -8.4% 14.2% 125.7%
EPS growth (1Y) 125.9% 12.1% –
EPS CAGR (3Y) 5.2% 14.7% –
Operating cash flow growth (1Y) 16.8% 26.0% –
Operating cash flow CAGR (3Y) 7.0% 7.9% –
Free cash flow growth (1Y) 16.7% 42.9% –
Free cash flow CAGR (3Y) 7.2% 9.0% –

Profitability

14 metrics
MetricAMGTROWGLD
Gross margin – – –
EBITDA margin 73.6% 36.2% –
Operating margin – 30.8% –
Pretax margin 61.2% 40.0% –
Net margin 37.7% 29.3% –
FCF margin 46.9% 22.0% –
Operating cash flow margin 47.2% 25.5% –
Return on equity 26.6% 21.1% 16.3%
Return on assets 11.2% 15.6% 16.2%
Return on invested capital 16.8% – –
Return on capital employed – – –
Asset turnover 0.2x 0.5x –
Cash conversion (OCF / net income) 1.0x 0.8x –
Stock comp / revenue 8.6% 2.8% –

Financial Health

11 metrics
MetricAMGTROWGLD
Debt / assets 31.9% – –
Debt / equity 0.8x – –
Net debt / EBITDA 1.6x – –
Debt / FCF 2.8x – –
Liabilities / assets 58.2% 27.3% 0.0%
Equity / assets 41.8% 72.7% 100.0%
Interest coverage 10.5x – –
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricAMGTROWGLD
Dividend yield 0.0% 5.0% –
Net buyback yield 7.8% 3.8% –
Shareholder yield 7.8% 8.8% –
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusAMGTROWGLD
Forward P/E 10.0xFY2026 9.9xFY2026 –
EPS, next fiscal year $39.07FY2026 $10.49FY2026 –
EPS growth, next FY +50.0%FY2026 +7.9%FY2026 –
EPS growth, the year after +5.2% -7.4% –
Revenue, next fiscal year $2.54BFY2026 $7.92BFY2026 –
Revenue growth, next FY +22.9%FY2026 +8.4%FY2026 –
Revenue growth, the year after +1.9% +2.3% –

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAMGTROWGLD
Held by institutions 95.7% 88.8% 36.6%
Institutions holding 564 1,156 3,005
Change in shares held, QoQ +1.7% +2.1% -1.7%
Institutions buying 239 598 1,154
Institutions selling 214 397 1,153
Buyers to sellers 1.12 1.51 1.00

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

AMGTROWGLD
AMG 1.00 0.36 0.12
TROW 0.36 1.00 0.14
GLD 0.12 0.14 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, AMG, TROW and GLD?

Spdr Gold Trust (GLD) is the largest by market capitalisation: Affiliated Managers (AMG) $10.32B, Price T Rowe (TROW) $22.07B, Spdr Gold Trust (GLD) $134.70B.

Which stock is cheaper, AMG, TROW and GLD?

Spdr Gold Trust (GLD) trades on the lowest price-to-earnings ratio (Affiliated Managers (AMG) 12.1x, Price T Rowe (TROW) 9.9x, Spdr Gold Trust (GLD) 5.8x). On next year's consensus earnings, Price T Rowe (TROW) is cheapest (Affiliated Managers (AMG) 10.0x, Price T Rowe (TROW) 9.9x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Affiliated Managers (AMG) grew revenue fastest over the trailing twelve months: Affiliated Managers (AMG) +11.8%, Price T Rowe (TROW) +7.0%.

Which company is more profitable?

Affiliated Managers (AMG) has the highest net margin (Affiliated Managers (AMG) 37.7%, Price T Rowe (TROW) 29.3%).

Which stock has performed better?

Over the past year Affiliated Managers (AMG) returned the most: Affiliated Managers (AMG) +62.0%, Price T Rowe (TROW) -1.2%, Spdr Gold Trust (GLD) +1.4%. Over five years, Affiliated Managers (AMG) compounded fastest (Affiliated Managers (AMG) +18.5%/yr, Price T Rowe (TROW) -13.6%/yr, Spdr Gold Trust (GLD) +17.3%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Price T Rowe (TROW) has been the steadiest (Affiliated Managers (AMG) 32.8%, Price T Rowe (TROW) 24.0%, Spdr Gold Trust (GLD) 28.7%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, AMG, TROW and GLD?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Affiliated Managers (AMG) leads on 4. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.