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U.S. Asset Management Industry Analysis

UpdatedAug 25, 2025
DataAggregated Company Financials
Companies247
  • 7D0.6%
  • 3M15.8%
  • 1Y24.1%
  • YTDn/a

Over the last 7 days, the Asset Management industry has remained flat, although notably Ares Management declined by 4.3%. The past year has been better, since the industry has gained 24% in that time. Looking forward, earnings are forecast to grow by 22% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 25 Aug 2025US$1.0tUS$177.5bUS$33.3b31.4x30.2x5.7x
Wed, 23 Jul 2025US$984.0bUS$171.6bUS$33.9b34.5x29.1x5.7x
Fri, 20 Jun 2025US$865.6bUS$170.4bUS$33.7b33.1x25.7x5.1x
Sun, 18 May 2025US$891.0bUS$170.4bUS$33.7b33.5x26.4x5.2x
Tue, 15 Apr 2025US$750.8bUS$175.2bUS$34.8b30.2x21.6x4.3x
Thu, 13 Mar 2025US$801.9bUS$174.4bUS$34.6b18.8x23.1x4.6x
Sat, 08 Feb 2025US$960.7bUS$174.5bUS$33.4b18x28.7x5.5x
Mon, 06 Jan 2025US$948.0bUS$168.6bUS$29.5b19.3x32.1x5.6x
Wed, 04 Dec 2024US$980.7bUS$168.6bUS$29.5b19.3x33.2x5.8x
Fri, 01 Nov 2024US$904.9bUS$164.9bUS$29.7b21.3x30.5x5.5x
Sun, 29 Sep 2024US$843.1bUS$159.1bUS$28.9b20.3x29.1x5.3x
Tue, 27 Aug 2024US$785.3bUS$159.5bUS$29.6b19x26.5x4.9x
Thu, 25 Jul 2024US$785.3bUS$157.7bUS$29.5b19.4x26.6x5x
Sat, 22 Jun 2024US$721.0bUS$156.3bUS$29.1b19.8x24.8x4.6x
Mon, 20 May 2024US$750.4bUS$156.0bUS$29.1b21.9x25.8x4.8x
Wed, 17 Apr 2024US$704.4bUS$145.2bUS$27.4b18.9x25.7x4.9x
Fri, 15 Mar 2024US$726.4bUS$144.6bUS$27.0b18.4x26.9x5x
Sun, 11 Feb 2024US$704.7bUS$143.6bUS$26.7b18.4x26.4x4.9x
Tue, 09 Jan 2024US$740.7bUS$143.2bUS$30.7b28.2x24.1x5.2x
Thu, 07 Dec 2023US$689.2bUS$143.2bUS$30.7b28x22.5x4.8x
Sat, 04 Nov 2023US$632.9bUS$140.4bUS$29.9b28.2x21.2x4.5x
Mon, 02 Oct 2023US$643.5bUS$138.1bUS$28.1b28.8x22.9x4.7x
Wed, 30 Aug 2023US$651.6bUS$138.1bUS$28.2b28.8x23.1x4.7x
Fri, 28 Jul 2023US$683.8bUS$130.6bUS$24.6b33x27.8x5.2x
Sun, 25 Jun 2023US$623.6bUS$128.1bUS$23.5b33.4x26.5x4.9x
Tue, 23 May 2023US$616.6bUS$128.2bUS$23.8b33.1x25.9x4.8x
Thu, 20 Apr 2023US$661.1bUS$133.2bUS$26.1b28.7x25.3x5x
Sat, 18 Mar 2023US$639.8bUS$133.7bUS$26.2b29.5x24.4x4.8x
Mon, 13 Feb 2023US$716.8bUS$134.9bUS$27.0b29.3x26.6x5.3x
Wed, 11 Jan 2023US$689.1bUS$144.9bUS$35.3b28.8x19.5x4.8x
Fri, 09 Dec 2022US$664.4bUS$144.8bUS$35.3b28.7x18.8x4.6x
Sun, 06 Nov 2022US$669.7bUS$145.7bUS$36.0b26.2x18.6x4.6x
Tue, 04 Oct 2022US$624.9bUS$157.1bUS$41.1b26.4x15.2x4x
Thu, 01 Sep 2022US$683.7bUS$157.2bUS$41.1b26.3x16.6x4.4x
Price to Earnings Ratio

16.6x


Total Market Cap: US$683.7bTotal Earnings: US$41.1bTotal Revenue: US$157.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Asset Management Industry Price to Earnings3Y Average 24.9x202320242025
Current Industry PE
  • Investors are optimistic on the American Asset Management and Custody Banks industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 30.2x which is higher than its 3-year average PE of 24.9x.
  • The 3-year average PS ratio of 4.9x is lower than the industry's current PS ratio of 5.7x.
Past Earnings Growth
  • The earnings for companies in the Asset Management and Custody Banks industry have declined 6.8% per year over the last three years.
  • Meanwhile revenues for these companies have grown 4.1% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Comparison

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

US Market0.47%
Financials2.05%
Capital Markets0.62%
Asset Management0.58%
Financial Exchanges and Data0.67%
Investment Banking and Brokerage0.63%
Diversified Capital Markets-6.75%
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
BLK BlackRockUS$1.15k1.1%
+US$1.9b		30.0%PE27.8x
STT State StreetUS$115.483.9%
+US$1.2b		36.5%PE12.4x
AMP Ameriprise FinancialUS$516.922.2%
+US$1.1b		17.1%PE15.1x
BX BlackstoneUS$170.500.8%
+US$1.0b		20.1%PE46.6x
NTRS Northern TrustUS$130.062.4%
+US$573.9m		46.4%PE14.8x

Latest News

AMP
US$516.92
Ameriprise Financial
7D
2.2%
1Y
17.1%
KKR
US$141.77
KKR
7D
0.4%
1Y
16.1%
PAX
US$13.42
Patria Investments
7D
-1.2%
1Y
13.7%
BX
US$170.50
Blackstone
7D
0.8%
1Y
20.1%
CG
US$64.71
Carlyle Group
7D
2.0%
1Y
62.5%
ARES
US$181.07
Ares Management
7D
-4.3%
1Y
23.2%
BLK
US$1,148.17
BlackRock
7D
1.1%
1Y
30.0%

Private Markets And Emerging Regions Will Strengthen Future Prospects

The consensus analyst price target for BlackRock saw only a slight increase to $1,165, while a notable reduction in the future P/E ratio suggests improving valuation expectations. What's in the News BlackRock's Rick Rieder is among 11 candidates reportedly being considered by the Trump administration to replace Jerome Powell as Federal Reserve Chair (CNBC).
MAIN
US$65.09
Main Street Capital
7D
-0.8%
1Y
31.9%

Shifting Focus And Rising Credit Issues Signal Turbulence Ahead For Growth

The consensus analyst price target for Main Street Capital has increased, primarily reflecting upgraded expectations for revenue growth and an expansion in future P/E multiples, resulting in a new fair value estimate of $59.75. What's in the News Board declared a supplemental cash dividend of $0.30 per share to be paid in September.
STT
US$115.48
State Street
7D
3.9%
1Y
36.5%
WT
US$13.23
WisdomTree
7D
-3.1%
1Y
29.2%
GLXY
US$25.57
Galaxy Digital
7D
-4.6%
1Y
113.1%

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BK
US$102.54
Bank of New York Mellon
7D
0.8%
1Y
53.0%
NTRS
US$130.06
Northern Trust
7D
2.4%
1Y
46.4%
OWL
US$18.80
Blue Owl Capital
7D
-1.9%
1Y
7.6%
TPG
US$60.94
TPG
7D
-2.4%
1Y
20.6%

Institutional Capital Flows Will Unlock Enduring Alternative Market Value

Analysts have raised their price targets for TPG to $64.08, citing strong structural growth opportunities, robust sector momentum, and expectations for high-teens fee-related earnings growth through 2027, with valuation still seen as compelling. Analyst Commentary Bullish analysts highlight long-term structural growth opportunities for TPG across private wealth, credit, insurance, and capital markets.
ADX
US$21.65
Adams Diversified Equity Fund
7D
-0.8%
1Y
2.1%