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U.S. Asset Management Industry Analysis

UpdatedJun 10, 2026
DataAggregated Company Financials
Companies338
  • 7D1.1%
  • 3M11.7%
  • 1Y-0.8%
  • YTDn/a

Over the last 7 days, the Asset Management industry has dropped 1.7%, driven by pullbacks in Pershing Square and BlackRock of 7.8% and 0.7%, respectively. As for the longer term, the industry's performance has been flat for the past year. As for the next few years, earnings are expected to grow by 16% per annum.

Industry Valuation and Performance

Has the U.S. Asset Management Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 10 Jun 2026US$908.5bUS$249.9bUS$36.9b50.8x24.6x3.6x
Fri, 08 May 2026US$936.0bUS$250.2bUS$36.5b60x25.7x3.7x
Sun, 05 Apr 2026US$832.5bUS$248.4bUS$34.3b49.1x24.3x3.4x
Tue, 03 Mar 2026US$869.4bUS$248.4bUS$34.0b30x25.6x3.5x
Thu, 29 Jan 2026US$984.7bUS$202.1bUS$32.0b31.2x30.8x4.9x
Sat, 27 Dec 2025US$999.0bUS$199.8bUS$33.7b31.2x29.7x5x
Mon, 24 Nov 2025US$899.4bUS$199.5bUS$33.7b29x26.6x4.5x
Wed, 22 Oct 2025US$967.5bUS$199.2bUS$33.6b31.1x28.8x4.9x
Fri, 19 Sep 2025US$1.0tUS$176.8bUS$33.4b31.1x30.6x5.8x
Sun, 17 Aug 2025US$1.0tUS$177.5bUS$33.4b28.6x30x5.6x
Tue, 15 Jul 2025US$967.1bUS$170.3bUS$33.7b33.5x28.7x5.7x
Thu, 12 Jun 2025US$874.2bUS$170.4bUS$33.7b33.4x25.9x5.1x
Sat, 10 May 2025US$831.8bUS$176.7bUS$34.5b31.6x24.1x4.7x
Mon, 07 Apr 2025US$708.9bUS$174.4bUS$34.7b33.5x20.4x4.1x
Wed, 05 Mar 2025US$893.7bUS$174.4bUS$34.6b17.6x25.8x5.1x
Fri, 31 Jan 2025US$999.8bUS$173.5bUS$33.4b18.4x29.9x5.8x
Sun, 29 Dec 2024US$946.5bUS$168.6bUS$29.5b19.7x32.1x5.6x
Tue, 26 Nov 2024US$839.7bUS$168.7bUS$29.5b18.9x28.5x5x
Thu, 24 Oct 2024US$912.5bUS$162.8bUS$30.7b20.7x29.7x5.6x
Sat, 21 Sep 2024US$846.4bUS$158.6bUS$29.4b20.4x28.8x5.3x
Mon, 19 Aug 2024US$771.0bUS$159.5bUS$29.6b19.1x26x4.8x
Wed, 17 Jul 2024US$761.1bUS$156.7bUS$29.2b19.9x26.1x4.9x
Fri, 14 Jun 2024US$712.0bUS$156.2bUS$29.1b19.2x24.5x4.6x
Sun, 12 May 2024US$737.9bUS$156.0bUS$29.0b21x25.4x4.7x
Tue, 09 Apr 2024US$735.9bUS$144.6bUS$27.0b20x27.2x5.1x
Thu, 07 Mar 2024US$708.5bUS$144.6bUS$27.0b17.9x26.2x4.9x
Sat, 03 Feb 2024US$757.8bUS$143.3bUS$28.9b28.4x26.3x5.3x
Mon, 01 Jan 2024US$759.9bUS$143.2bUS$30.7b28.2x24.8x5.3x
Wed, 29 Nov 2023US$668.2bUS$143.2bUS$30.7b28x21.8x4.7x
Fri, 27 Oct 2023US$595.2bUS$140.2bUS$29.5b28.5x20.2x4.2x
Sun, 24 Sep 2023US$653.6bUS$138.7bUS$28.1b28.7x23.2x4.7x
Tue, 22 Aug 2023US$638.7bUS$138.1bUS$28.2b29.5x22.6x4.6x
Thu, 20 Jul 2023US$690.9bUS$128.4bUS$23.9b33.5x28.9x5.4x
Sat, 17 Jun 2023US$648.1bUS$128.1bUS$23.6b33.4x27.4x5.1x
Price to Earnings Ratio

27.4x


Total Market Cap: US$648.1bTotal Earnings: US$23.6bTotal Revenue: US$128.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Asset Management Industry Price to Earnings3Y Average 26.5x202420252026
Current Industry PE
  • Investors are relatively neutral on the American Asset Management and Custody Banks industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 26.5x.
  • The 3-year average PS ratio of 4.9x is higher than the industry's current PS ratio of 3.6x.
Past Earnings Growth
  • The earnings for companies in the Asset Management and Custody Banks industry have grown 16% per year over the last three years.
  • Revenues for these companies have grown 25% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does U.S. Asset Management compare with similar industries?

US Market-3.33%
Financials1.60%
Capital Markets-0.50%
Asset Management1.13%
Financial Exchanges and Data-0.57%
Investment Banking and Brokerage-1.65%
Diversified Capital Markets-2.43%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
BX BlackstoneUS$120.294.7%
+US$4.2b		-15.9%PE30.9x
BNY Bank of New York MellonUS$143.251.4%
+US$1.4b		59.2%PE17.2x
KKR KKRUS$95.841.5%
+US$1.2b		-22.7%PE30.7x
STT State StreetUS$163.252.2%
+US$960.4m		64.6%PE16x
AMG Affiliated Managers GroupUS$342.1210.2%
+US$834.6m		86.7%PE12x

Latest News

BX
US$120.29
Blackstone
7D
4.7%
1Y
-15.9%
Seeking Alpha • 4h

Blackstone: The Market Is Selling Over A Problem That Doesn't Exist

Summary Blackstone Inc. (BX) is rated a Buy, offering quality growth at discounted valuations despite sector-wide private credit concerns. BX's diversified model, robust credit underwriting, and focus on investment-grade secured debt position it to absorb private credit shocks better than peers. Key growth catalysts in AI/data center infrastructure, 401(k) regulatory changes, and perpetual capital, are not fully priced into BX shares. Fee-related earnings are compounding, with forward EPS growth at 16.75% and a trailing P/E of ~19.5, below the 5-year average. Read the full article on Seeking Alpha
STT
US$163.25
State Street
7D
2.2%
1Y
64.6%
ARES
US$130.61
Ares Management
7D
1.8%
1Y
-22.5%
KKR
US$95.84
KKR
7D
1.5%
1Y
-22.7%
XXI
US$5.50
Twenty One Capital
7D
-17.5%
1Y
-85.2%
AMG
US$342.12
Affiliated Managers Group
7D
10.2%
1Y
86.7%
STEP
US$43.04
StepStone Group
7D
-6.6%
1Y
-25.1%
BNY
US$143.25
Bank of New York Mellon
7D
1.4%
1Y
59.2%
Narrative Update • Jun 08

BNY: Record Scale And Capital Returns Will Support A Steady Outlook

Analysts have nudged their price target on Bank of New York Mellon Corporation higher, with fair value moving from about $141.62 to $142.85 as they refine assumptions around the discount rate, long term revenue growth, profit margin and future P/E for BNY. What's in the News Bank of New York Mellon Corporation reported first quarter earnings per share growth of 42%, supported by an 18% rise in interest income from higher yields, with management also highlighting efficiency gains from AI that are speeding up client onboarding and settlement inquiry handling.
GLXY
US$32.68
Galaxy Digital
7D
12.5%
1Y
63.4%
Narrative Update • Jun 07

GLXY: Onchain Alliances And Index Inclusion Are Expected To Drive Future Upside

Galaxy Digital's analyst price target has been nudged higher to $41.69 from $41.44, with analysts pointing to updated assumptions around discount rate, revenue growth, profit margin and future P/E as they refine their views following a mix of recent target increases and cuts across the Street. Analyst Commentary Street research on Galaxy Digital has been mixed, with some firms lifting targets and others trimming them as they refresh models around discount rates, growth expectations, margins and future P/E assumptions.
PS
US$33.34
Pershing Square
7D
-7.8%
1Y
n/a
WLTH
US$8.99
Wealthfront
7D
-27.0%
1Y
n/a
WT
US$17.10
WisdomTree
7D
-9.8%
1Y
70.0%
Narrative Update • Jun 05

WT: Private Asset ETFs And AI Automation ETFs Will Shape Future Returns

Analysts have raised their price target on WisdomTree by about $1.15 per share to around $20. This change reflects updated assumptions for revenue growth, profit margins, the discount rate and future P/E multiples.
OWL
US$9.59
Blue Owl Capital
7D
-4.8%
1Y
-49.7%
Narrative Update • Jun 05

OWL: Private Credit And Real Assets Expansion Will Reset Sentiment Upside

Analysts have kept Blue Owl Capital's blended price target broadly steady, with a modest net adjustment of about $0.50. They are balancing recent target increases and cuts against updated views on earnings resilience and valuation multiples.
BLK
US$1,011.96
BlackRock
7D
-0.7%
1Y
2.0%
BEN
US$31.80
Franklin Resources
7D
2.2%
1Y
45.5%
HLNE
US$80.00
Hamilton Lane
7D
-5.7%
1Y
-47.3%